Plumbers And Pipefitters L U 572 Health And Welfare Fund
- Assets
- $19.7m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Goodlettsville, TN
- Founding
- 01/1968
- Data as of
- 03/2022
- EIN
- 62-0786559
Organization Overview
Plumbers And Pipefitters L U 572 Health And Welfare Fund is located in Goodlettsville, TN. 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 And Pipefitters L U 572 Health And 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 03/2022, Plumbers And Pipefitters L U 572 Health And Welfare Fund generated $13.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $11.1m during the year ending 03/2022. While expenses have increased by 0.0% 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
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric H Coons Trustee | Trustee | 2 | $0 |
Jeremy Mahala Trustee | Trustee | 2 | $0 |
William Johnson Jr Trustee | Trustee | 2 | $0 |
Darrell T Stewart Trustee | Trustee | 2 | $0 |
Donald B Orr Trustee | Trustee | 2 | $0 |
Jason Dawkins Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southern Benefit Administrators In Administrator | 3/30/22 | $0 |
Blue Cross Blue Shield Of Tn Ppo Provider | 3/30/22 | $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 | $13,191,443 |
| Investment income | -$207,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,559,404 |
| 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 | $10,664,060 |
| 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 | $5,272 |
| Fees for services: Management | $306,800 |
| Fees for services: Legal | $12,511 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,809 |
| Fees for services: Other | $20,000 |
| Advertising and promotion | $0 |
| Office expenses | $11,946 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,724 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $550 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,297 |
| All other expenses | $0 |
| Total functional expenses | $11,073,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,365,414 |
| Savings and temporary cash investments | $6,080 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,334,401 |
| 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 | $92,847 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,932,047 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,730,789 |
| Accounts payable and accrued expenses | $342,107 |
| 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 | $342,107 |
| Net assets without donor restrictions | $19,388,682 |
| 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 | $19,730,789 |
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St Louis Childrens Hospital Foundation St Louis, MO | $519,869,527 | $109,928,853 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |
Evergy Inc Kansas City, MO | $52,468,726 | $27,820,976 |
Capstone Health Services Foundation P C Tuscaloosa, AL | $29,375,344 | $27,823,379 |
Georges Inc Medical Tr Springdale, AR | $1,768,217 | $27,212,707 |
Fauquier Health Foundation Warrenton, VA | $249,193,841 | $9,571,718 |
Chesapeake Regional Medical Group Chesapeake, VA | $4,557,734 | $12,231,172 |
North Carolina Agricultural Foundation Inc Raleigh, NC | $248,209,354 | $30,308,869 |
Mid-South Carp Regional Council Health & Welfare Fund Goodlettsville, TN | $42,702,855 | $23,372,218 |