Birmingham Plumbers & Steamfitters Union-91 Welfare Plan
- Assets
- $6.3m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Birmingham, AL
- Founding
- 09/1955
- Data as of
- 02/2022
- EIN
- 63-0461410
Organization Overview
Birmingham Plumbers & Steamfitters Union-91 Welfare Plan is located in Birmingham, AL. The organization was established in 1955. 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 02/2022, Birmingham Plumbers & Steamfitters Union-91 Welfare Plan employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Birmingham Plumbers & Steamfitters Union-91 Welfare Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 02/2022, Birmingham Plumbers & Steamfitters Union-91 Welfare Plan generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $5.8m during the year ending 02/2022. While expenses have increased by 2.7% 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
PROVIDES HEALTH CARE BENEFITS TO PLAN PARTICIPANTS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WELFARE BENEFITS FUND - PROVIDING HEALTH INSURANCE BENEFITS FOR ELIGIBLE MEMBERS. APPROXIMATELY 406 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Arndt Trustee | Trustee | 2 | $0 |
Claude Pierce Jr Trustee - Se | Trustee | 2 | $0 |
Tom Ritter Trustee - Pa | Trustee | 2 | $0 |
Anthony Robinson Trustee | Trustee | 2 | $0 |
Kenneth Todd Chairman | Trustee | 2 | $0 |
Andrew White Trustee | Trustee | 2 | $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 | $4,926,655 |
| Investment income | $106,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $178,834 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,408,176 |
| 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 | $5,074,797 |
| 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 | $109,730 |
| Pension plan accruals and contributions | $15,105 |
| Other employee benefits | $26,138 |
| Payroll taxes | $11,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,405 |
| Fees for services: Accounting | $12,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,682 |
| Fees for services: Other | $58,341 |
| Advertising and promotion | $0 |
| Office expenses | $13,780 |
| Information technology | $2,639 |
| 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 | $1,199 |
| Insurance | $14,358 |
| All other expenses | $0 |
| Total functional expenses | $5,762,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $493,177 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $583,436 |
| 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 | $14,275 |
| Net Land, buildings, and equipment | $4,154 |
| Investments—publicly traded securities | $5,160,466 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,255,508 |
| Accounts payable and accrued expenses | $131,938 |
| 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 | $131,938 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $6,123,570 |
| 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 | $6,255,508 |