Plumbers & Pipe Fitters-23 Health & Welfare Fund
- Assets
- $34.3m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 11
- Location
- Rockford, IL
- Founding
- 11/1958
- Data as of
- 12/2021
- EIN
- 36-6110305
Organization Overview
Plumbers & Pipe Fitters-23 Health & Welfare Fund is located in Rockford, IL. The organization was established in 1958. 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 12/2021, Plumbers & Pipe Fitters-23 Health & Welfare Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers & Pipe Fitters-23 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 12/2021, Plumbers & Pipe Fitters-23 Health & Welfare Fund generated $11.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $12.0m during the year ending 12/2021. While expenses have increased by 8.2% 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
PROVIDE HEALTH BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH CARE, LIFE, DENTAL, VISION, PRESCRIPTION DRUG AND DISABILITY BENEFITS FOR ELIGIBLE PARTICIPANTS AND/OR THEIR DEPENDENTS IN ACCORDANCE WITH THE PLAN DOCUMENT AND SCHEDULE OF BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Helm Trustee | Trustee | 1 | $0 |
Robert Wooden Trustee | Trustee | 1 | $0 |
Rick Lundvall Alternate Trustee | Trustee | 1 | $0 |
Gregory Hill Chairman | Trustee | 1 | $0 |
Ryan Tracey Trustee | Trustee | 1 | $0 |
James Zweep Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sav Rx Benefit Provider | 12/30/21 | $1,675,836 |
Activate Healthcare Llc Clinic Administrator | 12/30/21 | $556,260 |
Blue Cross Blue Shield Of Illinois Ppo Network Provider | 12/30/21 | $265,518 |
Benefits Management Group Inc Administrative Fees | 12/30/21 | $313,009 |
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 | $9,293,563 |
| Investment income | $566,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,810,540 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,670,583 |
| 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 | $11,315,379 |
| 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 | $43,054 |
| Pension plan accruals and contributions | $8,642 |
| Other employee benefits | $16,544 |
| Payroll taxes | $8,080 |
| Fees for services: Management | $313,009 |
| Fees for services: Legal | $27,291 |
| Fees for services: Accounting | $30,233 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $88,927 |
| Fees for services: Other | $63,468 |
| Advertising and promotion | $0 |
| Office expenses | $33,351 |
| Information technology | $947 |
| Royalties | $0 |
| Occupancy | $38,093 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,022 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,088 |
| Insurance | $16,013 |
| All other expenses | $0 |
| Total functional expenses | $12,024,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,053,867 |
| Savings and temporary cash investments | $468,842 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,266,794 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,182 |
| Prepaid expenses and deferred charges | $90,898 |
| Net Land, buildings, and equipment | $46,221 |
| Investments—publicly traded securities | $31,384,360 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,329,164 |
| Accounts payable and accrued expenses | $24,600 |
| 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 | $331 |
| Total liabilities | $24,931 |
| 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 | $34,304,233 |
| Total liabilities and net assets/fund balances | $34,329,164 |