Pipeline Industry Benefit Fund
- Assets
- $71.0m
- Revenue
- $70.0m
- Investments
- $0.0
- Employees
- 38
- Location
- Tulsa, OK
- Founding
- 02/1967
- Data as of
- 12/2021
- 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 12/2021, Pipeline Industry Benefit Fund employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pipeline Industry Benefit 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, Pipeline Industry Benefit Fund generated $70.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $57.5m during the year ending 12/2021. While expenses have increased by 1.6% 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
TO PROVIDE HEALTH AND DEATH 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 | $274,145 |
Chad S Williams Pensions & Contributions Manager | 40 | $250,502 | |
Jon Baltzell Strategic Operations Manager | 40 | $195,198 | |
Amber Troyer Controller | 40 | $113,629 | |
Steve Rowden Operations Manager | 40 | $111,424 | |
Kimberly Brasiola Claims Manager | 40 | $109,725 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Excelcare Healthcare Services | 12/30/19 | $104,547 |
Innovative Software Solutions Inc Consulting | 12/30/19 | $154,537 |
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 | $68,239,006 |
| Investment income | $426,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,382,887 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,049,110 |
| 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 | $54,771,988 |
| Compensation of current officers, directors, key employees. | $346,501 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,847,952 |
| Pension plan accruals and contributions | $1,057,628 |
| Other employee benefits | $523,490 |
| Payroll taxes | $183,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,798 |
| Fees for services: Accounting | $29,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $127,111 |
| Fees for services: Other | $53,341 |
| Advertising and promotion | $0 |
| Office expenses | $306,740 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,709 |
| Travel | $16,967 |
| 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 | $99,962 |
| Insurance | $27,228 |
| All other expenses | -$2,174,425 |
| Total functional expenses | $57,508,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,386 |
| Savings and temporary cash investments | $32,565,679 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,747,815 |
| Loans from Officers, Directors, or Controlling Persons | $68,999 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,389 |
| Net Land, buildings, and equipment | $1,173,135 |
| Investments—publicly traded securities | $34,400,087 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $71,031,490 |
| Accounts payable and accrued expenses | $3,555,550 |
| 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 | $3,555,550 |
| 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 | $67,475,940 |
| Total liabilities and net assets/fund balances | $71,031,490 |
Peer Organizations
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|---|---|---|
Bank Of America Short-Term Disability Plan Trust Dallas, TX | $7,949,000 | $112,905,601 |
Olin Employees Benefit Association Trust Clayton, MO | $9,540,806 | $107,158,504 |
Teamsters & Employers Welfare Trust Of Illinois Earth City, MO | $101,818,713 | $113,173,281 |
Medical And Life Benefits Plan Tr For Hourly Retirees Plano, TX | $192,864,033 | $61,135,347 |
Citgo Employees Benefit Trust Tulsa, OK | $49,627,698 | $95,340,803 |
Ibew-Neca Southwestern Health Benefit Fund Dallas, TX | $75,158,723 | $85,480,690 |
Bellsouth Corporation Rfa Life Veba Trust Dallas, TX | $1,547,867,623 | $70,772,306 |
Fluor Employee Benefit Trust-Veba Irving, TX | $13,657,574 | $75,182,004 |
United Food & Commercial Workers Union Lock 655 Welfare Fund Manchester, MO | $48,304,504 | $73,075,705 |
Plumbers And Pipefitters Welfare Educational Fund Earth City, MO | $197,361,797 | $76,844,110 |
Internatonal Assoc Of Machinists Bridgeton, MO | $203,619,243 | $76,331,186 |
Security Benefit Hra Indiana Veba Tr Topeka, KS | $320,023,006 | $39,081,918 |