Southern California Pipe Trades Health And Welfare Fund

Organization Overview

Southern California Pipe Trades Health And Welfare Fund is located in Los Angeles, CA. The organization was established in 2004. 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, Southern California Pipe Trades Health And Welfare Fund employed 372 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern California Pipe Trades 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 12/2021, Southern California Pipe Trades Health And Welfare Fund generated $152.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $125.6m during the year ending 12/2021. While expenses have increased by 12.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE VARIOUS VACATION AND MEDICAL BENEFITS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE BENEFIT PAYMENTS FOR MEDICAL, HOSPITALIZATION, DENTAL, PRESCRIPTION DRUG, DISABILITY, ACCIDENTAL DEATH AND VACATION BENEFITS TO ACTIVE PARTICIPANTS AND THEIR BENEFICIARIES IN COMPLIANCE WITH THE TRUST AGREEMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Don Chase
Co-Chair
$0
Michael Shane Boston
Secretary
$0
Rodney Cobos
Chair
$0
Robert Felix
Secretary
$0
Al Powers
Trustee - Union
$0
David Baldwin
Trustee - Union
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
National Investment Services
Investment Advisor
$877,838
Laquer Urban And Hodge
Attorney
$190,975
Rael & Letson
Actuary
$119,328
So Cal Pipe Trades Admin Corp
Plan Administrator
$6,496,106
Miller Kaplan Arose
Compliance Auditor
$278,424
View All Vendors

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$142,241,143
Investment income $1,462,860
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,194,942
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $152,193,163

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