Plumbers & Fitters Local 110 Tr Fd
- Assets
- $14.6m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 20
- Location
- Norfolk, VA
- Founding
- 11/1963
- Data as of
- 04/2022
- EIN
- 54-6058147
Organization Overview
Plumbers & Fitters Local 110 Tr Fd is located in Norfolk, VA. The organization was established in 1963. 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 04/2022, Plumbers & Fitters Local 110 Tr Fd employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers & Fitters Local 110 Tr Fd is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2022, Plumbers & Fitters Local 110 Tr Fd generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $5.3m during the year ending 04/2022. While expenses have increased by 9.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF BENEFITS TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROVISION OF HEALTH, DENTAL, VISION, TEMPORARY DISABILITY AND LIFE INSURANCE BENEFITS TO PLAN PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Royden Goodson Trustee | Trustee | 2 | $0 |
Mike Pantele Trustee | Trustee | 2 | $0 |
Matthew Salway Trustee | Trustee | 2 | $0 |
Debra Mason Secretary | Trustee | 2 | $0 |
Kris Begolly Chairman | Trustee | 2 | $0 |
Tim Mathias Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southern Benefit Administrators Inc Plan Admin. | 4/29/22 | $204,265 |
Anthem Bcbs Ppo | 4/29/22 | $207,897 |
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 | $6,107,463 |
| Investment income | -$616,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $166,204 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,266,212 |
| 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 | $4,027,263 |
| 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 | $11,429 |
| Fees for services: Management | $177,600 |
| Fees for services: Legal | $7,809 |
| Fees for services: Accounting | $18,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,289 |
| Fees for services: Other | $247,621 |
| Advertising and promotion | $0 |
| Office expenses | $8,437 |
| 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 | $1,705 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $794,703 |
| All other expenses | $3,468 |
| Total functional expenses | $5,336,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $597,029 |
| Savings and temporary cash investments | $18,980 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $848,190 |
| 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 | $49,877 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,031,021 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,529 |
| Total assets | $14,579,626 |
| Accounts payable and accrued expenses | $31,901 |
| 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 | $2,473,993 |
| Total liabilities | $2,505,894 |
| Net assets without donor restrictions | $12,073,732 |
| 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 | $14,579,626 |
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|---|---|---|
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Uaw Retirees Of The Dana Corporation Health And Welfare Tru Washington, DC | $425,750,969 | $16,022,619 |
Former Player Benefits Tr Washington, DC | $30,151,971 | $17,989,193 |
L G & E Energy Corp Veba Trust Louisville, KY | $528,015 | $14,069,487 |
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