Pipefitters Supplemental Unemployment Benefit Tr Fund-636
- Assets
- $10.2m
- Revenue
- $1.8m
- Investments
- $3.5m
- Employees
- 696
- Location
- Troy, MI
- Founding
- 05/1965
- Data as of
- 06/2022
- EIN
- 38-6100678
Organization Overview
Pipefitters Supplemental Unemployment Benefit Tr Fund-636 is located in Troy, MI. The organization was established in 1965. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Pipefitters Supplemental Unemployment Benefit Tr Fund-636 employed 696 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pipefitters Supplemental Unemployment Benefit Tr Fund-636 is a 501(c)(17) and as such, is described as a "Supplemental Unemployment Benefit Trust" by the IRS.
For the year ending 06/2022, Pipefitters Supplemental Unemployment Benefit Tr Fund-636 generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SUPPLEMENTAL UNEMPLOYMENT BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLEMENTAL UNEMPLOYMENT BENEFITS PAID TO MEMBERS OF PIPEFITTERS LOCAL NO. 636
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Freeman Chairman | Officer | 0 | $0 |
Samuel Cadena Secretary | Officer | 0 | $0 |
Larry Krisniski Trustee | Trustee | 0 | $0 |
Theresa Danko Trustee | Trustee | 0 | $0 |
Carl Evans Trustee | Trustee | 0 | $0 |
Sam Parise Trustee | Trustee | 0 | $0 |
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 | $1,717,647 |
| Investment income | $199,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$156,603 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,760,969 |
| 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 | $1,480,697 |
| 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 | $0 |
| Fees for services: Legal | $10,962 |
| Fees for services: Accounting | $10,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,743 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,800 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,668 |
| All other expenses | $99,574 |
| Total functional expenses | $1,650,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $796,763 |
| Savings and temporary cash investments | $183,104 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,041 |
| 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 | $953 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,588,134 |
| Investments—other securities | $3,510,394 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,197,389 |
| Accounts payable and accrued expenses | $15,716 |
| 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 | $0 |
| Total liabilities | $15,716 |
| Net assets without donor restrictions | $0 |
| 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 | $10,181,673 |
| Total liabilities and net assets/fund balances | $10,197,389 |