Jacksonville Plumbers & Pipefitters Health & Welfare<fund
- Assets
- $27.8m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Goodlettsville, TN
- Founding
- 08/1959
- Data as of
- 08/2023
- EIN
- 59-0810108
Organization Overview
Jacksonville Plumbers & Pipefitters Health & Welfare<fund is located in Goodlettsville, TN. The organization was established in 1959. 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 08/2023, Jacksonville Plumbers & Pipefitters Health & Welfare<fund employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jacksonville Plumbers & Pipefitters 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 08/2023, Jacksonville Plumbers & Pipefitters Health & Welfare<fund generated $14.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $16.8m during the year ending 08/2023. While expenses have increased by 10.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE BENEFITS TO UNION MEMBERS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES MEDICAL, DENTAL, DISABILITY, VISION, PRESCRIPTION DRUG AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Andrews Chairman | Trustee | 2 | $0 |
Russell Drawdy Asst Secretary | Trustee | 2 | $0 |
Alfred Reaux Trustee | Trustee | 2 | $0 |
David Boree Trustee | Trustee | 2 | $0 |
James Hendricks Trustee | Trustee | 2 | $0 |
Nathan Hartley Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Healthcare Contract Admin | 8/30/17 | $226,656 |
Southern Benefit Administrators Inc Contract Admin | 8/30/17 | $183,800 |
United Healthcare Contract Admin | 8/30/17 | $226,656 |
Southern Benefit Administrators Inc Contract Admin | 8/30/17 | $183,800 |
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 | $14,428,517 |
| Investment income | $633,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$325,173 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,742,270 |
| 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 | $16,364,960 |
| 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 | $205,200 |
| Fees for services: Legal | $14,235 |
| Fees for services: Accounting | $39,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $74,116 |
| Fees for services: Other | $52,653 |
| Advertising and promotion | $0 |
| Office expenses | $21,284 |
| 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 | $6,486 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,955 |
| All other expenses | $4,085 |
| Total functional expenses | $16,801,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,745,547 |
| Savings and temporary cash investments | $1,072,112 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,118,143 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,852,081 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,787,883 |
| Accounts payable and accrued expenses | $922,119 |
| 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 | $11,519,000 |
| Total liabilities | $12,441,119 |
| Net assets without donor restrictions | $15,346,764 |
| 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 | $27,787,883 |