Plumbers And Pipefitters Local Union 333 Health & Welfare Fund
- Assets
- $20.0m
- Revenue
- $14.5m
- Investments
- $0.0
- Employees
- 35
- Location
- Lansing, MI
- Founding
- 10/2001
- Data as of
- 06/2021
- EIN
- 38-3544316
Organization Overview
Plumbers And Pipefitters Local Union 333 Health & Welfare Fund is located in Lansing, MI. The organization was established in 2001. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2021, Plumbers And Pipefitters Local Union 333 Health & Welfare Fund employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers And Pipefitters Local Union 333 Health & Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2021, Plumbers And Pipefitters Local Union 333 Health & Welfare Fund generated $14.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $12.6m during the year ending 06/2021. While expenses have increased by 6.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO THE MEMBERS OF PLUMBERS AND PIPEFITTERS LOCAL 333, PURSUANT TO THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT, THROUGH A TAFT-HARTLEY MULTI-EMPLOYER TRUST FUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO LOCAL 333 MEMBERS UNDER THE COLLECTIVE BARGAINING AGREEMENT, THROUGH A TAFT-HARTLEY MULTI- EMPLOYER TRUST FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Price Dobernick Chairman | OfficerTrustee | 1 | $0 |
Chad Myers Secretary | OfficerTrustee | 1 | $0 |
John Green Trustee | Trustee | 1 | $0 |
Jason Kreger Trustee | Trustee | 1 | $0 |
Kevin Jonas Trustee | Trustee | 1 | $0 |
Joseph Michilizzi Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Met Life Insurance | 6/29/21 | $571,396 |
Blue Cross Blue Shield Admin | 6/29/21 | $191,790 |
Tic International Corporations Tpa | 6/29/21 | $113,357 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,936,632 |
| Investment income | $453,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $202,279 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,472,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $11,650,359 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $737,061 |
| Fees for services: Legal | $73,996 |
| Fees for services: Accounting | $35,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,425 |
| Fees for services: Other | $19,094 |
| Advertising and promotion | $0 |
| Office expenses | $31,114 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,363 |
| All other expenses | $0 |
| Total functional expenses | $12,583,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,104 |
| Savings and temporary cash investments | $11,805 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,200,055 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,683 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,857,925 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7 |
| Total assets | $19,954,579 |
| Accounts payable and accrued expenses | $1,041,897 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,783,166 |
| Total liabilities | $7,825,063 |
| Net assets without donor restrictions | $12,129,516 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,954,579 |