Plumbers & Pipefitters 344 Health & Welfare Trust Fund
- Assets
- $12.8m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 24
- Location
- Oklahoma City, OK
- Founding
- 10/1974
- Data as of
- 12/2022
- EIN
- 73-0950060
Organization Overview
Plumbers & Pipefitters 344 Health & Welfare Trust Fund is located in Oklahoma City, OK. The organization was established in 1974. 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 12/2022, Plumbers & Pipefitters 344 Health & Welfare Trust Fund employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers & Pipefitters 344 Health & Welfare Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Plumbers & Pipefitters 344 Health & Welfare Trust Fund generated $13.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $13.4m during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 6 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
HEALTH AND WELFARE BENEFIT PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH AND WELFARE BENEFITS FOR MEMBERS OF THE PLUMBING AND PIPEFITTING TRADES LIVING WITHIN THE JURISDICTION OF PLUMBERS AND PIPEFITTERS LOCAL #344.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Clouse Trustee | Trustee | 1 | $0 |
Larry Brouk Trustee | Trustee | 1 | $0 |
Gary Cartwright Trustee | Trustee | 1 | $0 |
Joe Mckenzie Trustee | Trustee | 1 | $0 |
Phil Conner Trustee | Trustee | 1 | $0 |
David Hames Trustee | Trustee | 1 | $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 | $12,924,370 |
| Investment income | $346,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$267,748 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,002,737 |
| 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 | $11,195,968 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,196 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $35,170 |
| All other expenses | $2,142,655 |
| Total functional expenses | $13,386,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,444,301 |
| Savings and temporary cash investments | $172,827 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,115,738 |
| 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 | $6,031 |
| Net Land, buildings, and equipment | $26,663 |
| Investments—publicly traded securities | $9,036,700 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,802,260 |
| Accounts payable and accrued expenses | $28,519 |
| 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 | $302,120 |
| Total liabilities | $330,639 |
| 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 | $12,471,621 |
| Total liabilities and net assets/fund balances | $12,802,260 |