Pipeline Industry Benefit Fund
- Assets
- $78.3m
- Revenue
- $62.2m
- Investments
- $0.0
- Employees
- 46
- Location
- Tulsa, OK
- Founding
- 02/1967
- Data as of
- 12/2019
- EIN
- 73-0742835
Organization Overview
Pipeline Industry Benefit Fund is located in Tulsa, OK. The organization was established in 1967. 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 12/2019, Pipeline Industry Benefit Fund employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Pipeline Industry Benefit Fund generated $62.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $77.9m during the year ending 12/2019. While expenses have increased by 8.7% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DEATH AND HEALTH BENEFITS COVERING ELIGIBLE PARTICIPANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH AND ACCIDENT
HEALTH REIMBURSEMENT ARRANGEMENT (HRA) BENEFITS
COBRA CLAIMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Vause Director | Officer | 40 | $263,265 |
Chad S Williams Pensions & Contributions Manager | 40 | $212,930 | |
Jon Baltzell Strategic Operations Manager | 40 | $186,445 | |
Jo Ford-Stone Strategic Operations | 40 | $107,546 | |
Amber Troyer Controller | 40 | $104,124 | |
Kimberly Brasiola Claims Manager | 40 | $102,940 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Innovative Software Solutions Inc Consulting | 12/30/19 | $154,537 |
Excelcare Healthcare Services | 12/30/19 | $104,547 |
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 | $54,179,687 |
| Investment income | $1,612,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,122,409 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,222,394 |
| 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 | $74,663,687 |
| Compensation of current officers, directors, key employees. | $339,937 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,797,818 |
| Pension plan accruals and contributions | $1,052,432 |
| Other employee benefits | $448,841 |
| Payroll taxes | $179,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,699 |
| Fees for services: Accounting | $29,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $194,239 |
| Fees for services: Other | $62,175 |
| Advertising and promotion | $0 |
| Office expenses | $387,774 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,902 |
| Travel | $141,461 |
| 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 | $170,554 |
| Insurance | $49,523 |
| All other expenses | -$2,094,737 |
| Total functional expenses | $77,942,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,825 |
| Savings and temporary cash investments | $22,372,368 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,342,803 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $131,622 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $53,114 |
| Net Land, buildings, and equipment | $954,845 |
| Investments—publicly traded securities | $51,413,918 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78,338,495 |
| Accounts payable and accrued expenses | $846,370 |
| 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 | $81 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $846,451 |
| 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 | $77,492,044 |
| Total liabilities and net assets/fund balances | $78,338,495 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Baylor Health Care Systems Employee Welfare Benefit Trust Dallas, TX | $3,404,574 | $473,232,765 |
Schlumberger Master Health Care Trust Houston, TX | $875,300,864 | $402,319,416 |
Ascension Welfare Benefits Trust St Louis, MO | $185,079,173 | $324,182,954 |
Concordia Health Plan St Louis, MO | $185,239,752 | $266,059,390 |
Bank Of Amercia Retiree Group Benefits Program Dallas, TX | $143,457,710 | $175,941,523 |
Boilermakers National Health & Welfare Fund Kansas City, MO | $1,149,045,769 | $272,257,441 |
Carpenters Health & Welfare Trust Fund Of St Louis St Louis, MO | $277,329,237 | $216,144,972 |
Ameren Health & Welfare Trust Saint Louis, MO | $781,180,072 | $231,360,264 |
T I Employees Health Benefits Trust Dallas, TX | $15,184,237 | $152,478,044 |
Rocky Mountain Ufcw Unions & Employers Health Benefit Fund Arvada, CO | $45,762,361 | $117,911,186 |
Fluor Employee Benefit Trust-Veba Irving, TX | $8,846,784 | $110,683,069 |
Teamsters & Employers Welfare Trust Of Illinois Earth City, MO | $71,704,931 | $119,816,869 |