Plumbers Local No 12 Building

Boston, MAUnknown exempt organization EIN 04-3541451Revenue $1.0M in FY2024

On file with the IRSplumbersandgasfitterslocal12.org/home1240 Massachusetts Avenue · Boston, MA

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Plumbers Local No. 12 Building corporation is the title holding corporation for Plumbers Local No. 12 affiliated with the united association of Plumbers and pipefitters industry (04-1109780)

39¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $62K a year · 11% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$101K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
38
of 38 voting members
Looks good: 38 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+38% vs prior year
Spent
$1.2M
To programs
39%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$1.0M
FY2024▲ +38%
Tap a bar for its year
Revenue by fiscal year
FY2020$421K
FY2021$331K
FY2022$346K
FY2023$731K
FY2024$1.0M
Expenses
$1.2M
FY2024▲ +138%
Tap a bar for its year
Expenses by fiscal year
FY2020$494K
FY2021$452K
FY2022$459K
FY2023$515K
FY2024$1.2M
Net assets
$2.9M
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$3.0M
FY2022$2.9M
FY2023$3.1M
FY2024$2.9M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $476K Management & general 61% · $748K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

38 people listed on the 990.

Part VII, Section A · reportable compensation
Business Agent
$0Pt VII · Sec A
Bylaws Committee
$0Pt VII · Sec A
Bylaws Committee
$0Pt VII · Sec A
Business Manager
$0Pt VII · Sec A
$0Pt VII · Sec A
Examining Board
$0Pt VII · Sec A
Bylaws Committee
$0Pt VII · Sec A
Bylaws Committee
$0Pt VII · Sec A
See Plumbers Local No 12 Building executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Owns property and facilities for plumbers and pipefitters union.

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Provided by the organization

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1 program · $476K · in their own filed words · FY2024
01

To provide space for union activities

$476Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$1K
Other incomeLn 4–11$986
Money outPt IX
$1.2M
Ln 25
Programscol B$476K
Managementcol C$748K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$3.0M
LiabilitiesLn 26$101K
PeoplePt VI, VII
38
listed · VII A
PaidVII A0
Voting boardVI 1a38
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$1K
Other incomeLn 4–11$986
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$22K
Cash and savings togetherLn 1–2$22K
Land, buildings, equipmentLn 10c$3.0M
Total assetsLn 16$3.0M
LiabilitiesLn 26$101K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$44K$22K
Land, buildings, equipmentLn 10c$3.2M$3.0M
Total assetsLn 16$3.2M$3.0M
LiabilitiesLn 26$102K$101K
Net assetsLn 32$3.1M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$13K$13K
OccupancyLn 16$292K$292K
Payments to affiliatesLn 21$735K$735K
Depreciation, depletion and amortizationLn 22$152K$152K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$15K$15K
Total functional expensesLn 25$1.2M$476K$748K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.0M$1.2M−$217K$2.9M 990 PDF
FY2023 $731K$515K$216K$3.1M 990 PDF
FY2022 $346K$459K−$113K$2.9M 990 PDF
FY2021 $331K$452K−$121K$3.0M 990 PDF
FY2020 $421K$494K−$73K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,007,845 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $730,775$1,005,775
I-10 Investment incomePrior year $673$1,084
I-11 Other revenuePrior year $0$986
I-12 Total revenuePrior year $731,448$1,007,845
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $515,392$1,224,796
I-18 Total expensesPrior year $515,392$1,224,796
I-19 Revenue less expensesPrior year $216,056−$216,951
Part VI · Governance 38 of 38 board members independent, 4 to look at
VI-1a Voting members of the governing body38
VI-1b Independent voting members38
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,007,845 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,005,775$1,005,775
VIII-3 Investment incomeExcluded from tax $1,084$1,084
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $986$986
VIII-12 Total revenueRelated to mission $1,006,761 · Unrelated business $0 · Excluded from tax $1,084$1,007,845
Part IX · Statement of functional expenses $1,224,796 across 6 lines filed
IX-11c Accounting feesManagement $13,175$13,175
IX-16 OccupancyPrograms $291,558$291,558
IX-21 Payments to affiliatesManagement $735,309$735,309
IX-22 Depreciation, depletion and amortizationPrograms $151,910$151,910
IX-23 InsurancePrograms $18,031$18,031
IX-24 Other expenses (24a–d)Programs $14,813$14,813
IX-25 Total functional expensesPrograms $476,312 · Management $748,484 · Fundraising $0$1,224,796
Part X · Balance sheet $3,000,441 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $43,548$21,669
X-10c Land, buildings and equipment, netStart of year $3,175,138$2,978,772
X-16 Total assetsStart of year $3,218,686$3,000,441
X-17 Accounts payable and accrued expensesStart of year $3,961$2,667
X-25 Other liabilitiesStart of year $98,516$98,516
X-26 Total liabilitiesStart of year $102,477$101,183
X-27 Net assets without donor restrictionsStart of year $3,116,209$2,899,258
X-32 Total net assets or fund balancesStart of year $3,116,209$2,899,258
X-33 Total liabilities and net assetsStart of year $3,218,686$3,000,441
Part XI · Reconciliation of net assets $2,899,258 net assets at year end
XI-1 Total revenue$1,007,845
XI-2 Total expenses$1,224,796
XI-3 Revenue less expenses−$216,951
XI-4 Net assets at start of year$3,116,209
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,899,258

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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