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Plumbers-112 Welfare Plan FY2020 filing

Not tax-deductible

Binghamton, NYMutual-benefit / member-servingSince 1961EIN 16-6053348Revenue $7.6M in FY2020

On file with the IRS11 Griswold St, 13904-1511 · Binghamton, NYTax-exempt since Jan 1963

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Provide medical, vision and prescription for members of the Plumbers, pipefitters and apprentices of local 112-binghamton, NY

$34K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
5 of 5
filings with a surplus
Average surplus $1.3M a year · 15% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$34K
to officers and key staff · 0.5% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$63K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 10 voting members
Looks good: 6 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.6M
Spent
$6.2M
Net assets
$9.9M
By yearFY2020–FY2024
Revenue
$7.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$7.6M
FY2021$8.9M
FY2022$8.8M
FY2023$9.2M
FY2024$9.1M
Expenses
$6.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$6.2M
FY2021$7.4M
FY2022$7.3M
FY2023$8.1M
FY2024$8.3M
Net assets
$9.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$9.9M
FY2021$11.4M
FY2022$11.8M
FY2023$13.5M
FY2024$14.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1963.

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

Who runs it and what they're paid

11 people listed on the 990; $34K paid to officers and key staff.

Part VII, Section A · reportable compensation
Dave Vanauken
Plan Administrator
$34,119Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Daniel Crocker
Business Manager/Financial
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Todd Burt
Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Dave Vanauken$38,480$34,032$34,119

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Offers medical, vision, and prescription benefits to Local 112 plumbers, pipefitters, and apprentices.

Questions for Plumbers-112 Welfare Plan

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Provide medical, vision and prescription for members of local 112-BINGHAMTON, ny

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$7.6M
Ln 12
Fees for servicesLn 2g$7.2M
Investment incomeLn 3$219K
Other incomeLn 4–11$157K
Money outPt IX
$6.2M
Ln 25
Owns and owesPt X
$9.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$10.0M
LiabilitiesLn 26$63K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$7.2M
Investment incomeLn 3$219K
Other incomeLn 4–11$157K
Gains on assetsLn 7$52K
Total revenueLn 12$7.6M
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$8.1M
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$10.0M
LiabilitiesLn 26$63K
Net assetsLn 32$9.9M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.7M$1.1M
InvestmentsLn 11–13$5.8M$8.1M
Land, buildings, equipmentLn 10c$7K$8K
Total assetsLn 16$8.2M$10.0M
LiabilitiesLn 26$71K$63K
Net assetsLn 32$8.2M$9.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$4.7M
Pay of current officers, directors and key staffLn 5$58K
Other salaries and wagesLn 7$60K
Other employee benefitsLn 9$56K
Payroll taxesLn 10$7K
Legal feesLn 11b$73K
Accounting feesLn 11c$14K
Investment management feesLn 11f$23K
Other fees for servicesLn 11g$1.1M
Office expensesLn 13$13K
RoyaltiesLn 15$11K
Conferences, conventions and meetingsLn 19$5K
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$103K
Other expenses (24a–d)Ln 24$2K
Total functional expensesLn 25$6.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $9.1M$8.3M$877K$14.6M 990 PDF
FY2023 $9.2M$8.1M$1.1M$13.5M 990 PDF
FY2022 $8.8M$7.3M$1.5M$11.8M 990 PDF
FY2021 $8.9M$7.4M$1.6M$11.4M 990 PDF
FY2020 Viewing $7.6M$6.2M$1.3M$9.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $7,570,894 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $7,608,401$7,195,726
I-10 Investment incomePrior year $141,462$218,593
I-11 Other revenuePrior year $25,542$156,575
I-12 Total revenuePrior year $7,775,405$7,570,894
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $4,728,287$4,704,166
I-15 Salaries and benefitsPrior year $169,673$181,240
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,544,816$1,342,791
I-18 Total expensesPrior year $6,442,776$6,228,197
I-19 Revenue less expensesPrior year $1,332,629$1,342,697
Part VI · Governance 6 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,570,894 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,195,726$7,195,726
VIII-3 Investment incomeExcluded from tax $166,475$166,475
VIII-7 Net gain or loss on sales of assetsRelated to mission $52,118$52,118
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $156,575$156,575
VIII-12 Total revenueRelated to mission $7,404,419 · Unrelated business $0 · Excluded from tax $166,475$7,570,894
Part IX · Statement of functional expenses $6,228,197 across 15 lines filed
IX-4 Benefits paid to or for members$4,704,166
IX-5 Pay of current officers, directors and key staff$57,661
IX-7 Other salaries and wages$59,962
IX-9 Other employee benefits$56,270
IX-10 Payroll taxes$7,347
IX-11b Legal fees$72,883
IX-11c Accounting fees$14,500
IX-11f Investment management fees$22,542
IX-11g Other fees for services$1,097,169
IX-13 Office expenses$13,005
IX-15 Royalties$10,631
IX-19 Conferences, conventions and meetings$5,236
IX-22 Depreciation, depletion and amortization$1,750
IX-23 Insurance$102,584
IX-24 Other expenses (24a–d)$2,491
IX-25 Total functional expenses$6,228,197
Part X · Balance sheet $9,969,250 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,710,199$1,126,588
X-4 Accounts receivableStart of year $758,735$728,483
X-10c Land, buildings and equipment, netStart of year $6,534$7,784
X-11 Publicly traded securitiesStart of year $5,752,319$8,106,395
X-16 Total assetsStart of year $8,227,787$9,969,250
X-17 Accounts payable and accrued expensesStart of year $24,008$17,267
X-25 Other liabilitiesStart of year $47,406$45,487
X-26 Total liabilitiesStart of year $71,414$62,754
X-27 Net assets without donor restrictionsStart of year $8,156,373$9,906,496
X-32 Total net assets or fund balancesStart of year $8,156,373$9,906,496
X-33 Total liabilities and net assetsStart of year $8,227,787$9,969,250
Part XI · Reconciliation of net assets $9,906,496 net assets at year end
XI-1 Total revenue$7,570,894
XI-2 Total expenses$6,228,197
XI-3 Revenue less expenses$1,342,697
XI-4 Net assets at start of year$8,156,373
XI-5 Net unrealized gains (losses) on investments$407,426
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,906,496

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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