Plumbers & Steamfitters Local Union No 760 is located in Muscle Shoals, AL. The organization was established in 1968. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers & Steamfitters Local Union No 760 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Plumbers & Steamfitters Local Union No 760 generated $13.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $11.8m during the year ending 12/2021. While expenses have increased by 12.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND LIFE INSURANCE BENEFITS TO MEMBERS OF THE LOCAL UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Greg Ezell Trustee | OfficerTrustee | 1 | $0 |
Tim Mardis Trustee | Trustee | 1 | $0 |
Joe Chittam Trustee | Trustee | 1 | $0 |
John Embry Trustee | Trustee | 0.1 | $0 |
Grover Johnson Trustee | Trustee | 0.1 | $0 |
Bill Strickland Trustee | Trustee | 0.1 | $0 |
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 | $12,856,606 |
Investment income | $685,023 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $59,184 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $13,600,813 |
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 | $11,371,510 |
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 | $49,460 |
Pension plan accruals and contributions | $7,719 |
Other employee benefits | $16,739 |
Payroll taxes | $13,040 |
Fees for services: Management | $0 |
Fees for services: Legal | $6,210 |
Fees for services: Accounting | $26,892 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $145,469 |
Fees for services: Other | $42,339 |
Advertising and promotion | $0 |
Office expenses | $35,774 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $4,200 |
Travel | $1,150 |
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 | $1,249 |
Insurance | $6,330 |
All other expenses | $39,584 |
Total functional expenses | $11,767,665 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $5,843,982 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,281,716 |
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 | $11,006 |
Investments—publicly traded securities | $16,562,123 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $23,698,827 |
Accounts payable and accrued expenses | $54,314 |
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 | $54,314 |
Net assets without donor restrictions | $23,644,513 |
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 | $23,698,827 |
Organization Name | Assets | Revenue |
---|---|---|
Capstone Health Services Foundation P C Tuscaloosa, AL | $29,375,344 | $27,823,379 |
Mid-South Carp Regional Council Health & Welfare Fund Goodlettsville, TN | $42,702,855 | $23,372,218 |
St Anthonys Professional Buildings & Services Inc Tampa, FL | $66,592,493 | $24,044,105 |
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Montgomery Baptist Outreach Services Corporation Montgomery, AL | $20,272,262 | $12,064,663 |
West Florida Health Home Care Inc Temple Terrace, FL | $9,306,071 | $17,546,584 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Mount Sinai Medical Center Foundation Inc Miami Beach, FL | $381,873,831 | $56,255,268 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |