Health & Welfare Fund Of The Plumbers & Steamfitters Local
- Assets
- $14.3m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 23
- Location
- Canfield, OH
- Founding
- 01/1966
- Data as of
- 03/2022
- EIN
- 34-6545105
Organization Overview
Health & Welfare Fund Of The Plumbers & Steamfitters Local, operating under the name Health & Welfare Fund Of The Local Union #396, is located in Canfield, OH. The organization was established in 1966. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 03/2022, Health & Welfare Fund Of The Local Union #396 employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health & Welfare Fund Of The Local Union #396 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 03/2022, Health & Welfare Fund Of The Local Union #396 generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $5.9m during the year ending 03/2022. 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
TO PROVIDE HEALTH AND DEATH BENEFITS TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS AND THEIR DEPENDENTS WERE PROVIDED WITH ACCIDENT, HOSPITAL, MEDICAL, SURGICAL, DEATH, AND DISABILITY BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Longo Trustee | Trustee | 1 | $291 |
Tim Morrison Trustee | Trustee | 1 | $240 |
Matt Morrone Trustee | Trustee | 1 | $0 |
Wesley Prout Trustee | Trustee | 1 | $0 |
Brent Kelley Trustee | Trustee | 1 | $0 |
Jeremy Smith 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 | $7,760,767 |
| Investment income | $280,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $93,737 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,803,996 |
| 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 | $4,861,259 |
| Compensation of current officers, directors, key employees. | $531 |
| 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 | $9,660 |
| Fees for services: Management | $313,364 |
| Fees for services: Legal | $13,435 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,402 |
| Fees for services: Other | $26,199 |
| Advertising and promotion | $0 |
| Office expenses | $9,741 |
| 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 | $618,720 |
| All other expenses | $0 |
| Total functional expenses | $5,927,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,080,258 |
| Savings and temporary cash investments | $1,273,369 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,357,459 |
| 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 | $8,890 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,546,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,266,542 |
| Accounts payable and accrued expenses | $350,675 |
| 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 | $2,479,703 |
| Total liabilities | $2,830,378 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $11,436,164 |
| 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 | $14,266,542 |
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|---|---|---|
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Alliance Of Transylvania Saxons Of Us Cleveland, OH | $101,451,991 | $9,280,239 |
Serb National Federation Pittsburgh, PA | $50,402,981 | $6,645,334 |
Fraternal Order Of Police Philadelphia, PA | $3,187,559 | $6,876,497 |
Providence Assn Of Ukrainian Catholics Of Amer Philadelphia, PA | $55,075,663 | $6,983,514 |
Health & Welfare Fund Of The Plumbers & Steamfitters Local Canfield, OH | $14,266,542 | $8,803,996 |
Polish Falcons Of America Pittsburgh, PA | $40,676,015 | $5,977,879 |
Roofers Union Local No 70 Insurance Fund Howell, MI | $7,053,846 | $5,313,300 |
American Mutual Life Association Cleveland, OH | $46,869,971 | $5,047,375 |