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Plumbers-112 Welfare Plan FY2021 filing

Not tax-deductible

Binghamton, NYMutual-benefit / member-servingSince 1961Mutual / membership EIN 16-6053348Revenue $8.9M in FY2021

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

FY2021 · 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
Plus $9.4M in investments, Pt X · Ln 11–13
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$680K
6% of total assets
Looks good: liabilities are 6% 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
$8.9M
+18% vs prior year
Spent
$7.4M
Net assets
$11.4M
By yearFY2020–FY2024
Revenue
$8.9M
FY2021▲ +18%
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
$7.4M
FY2021▲ +18%
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
$11.4M
FY2021▲ +15%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 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
$34,032Pt 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.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

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

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$8.9M
Ln 12
Fees for servicesLn 2g$8.7M
Investment incomeLn 3$236K
Other incomeLn 4–11$7K
Money outPt IX
$7.4M
Ln 25
Owns and owesPt X
$11.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$12.1M
LiabilitiesLn 26$680K
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$8.7M
Investment incomeLn 3$236K
Other incomeLn 4–11$7K
Gains on assetsLn 7$32K
Total revenueLn 12$8.9M
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$9.4M
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$12.1M
LiabilitiesLn 26$680K
Net assetsLn 32$11.4M
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 FY21End FY21
Cash and savingsLn 1–2$1.1M$1.5M
InvestmentsLn 11–13$8.1M$9.4M
Land, buildings, equipmentLn 10c$8K$6K
Total assetsLn 16$10.0M$12.1M
LiabilitiesLn 26$63K$680K
Net assetsLn 32$9.9M$11.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$5.9M
Pay of current officers, directors and key staffLn 5$58K
Other salaries and wagesLn 7$64K
Other employee benefitsLn 9$57K
Payroll taxesLn 10$8K
Legal feesLn 11b$71K
Accounting feesLn 11c$15K
Investment management feesLn 11f$27K
Other fees for servicesLn 11g$986K
Office expensesLn 13$20K
RoyaltiesLn 15$10K
Conferences, conventions and meetingsLn 19$13K
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$115K
Other expenses (24a–d)Ln 24$4K
Total functional expensesLn 25$7.4M

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 Viewing $8.9M$7.4M$1.6M$11.4M 990 PDF
FY2020 $7.6M$6.2M$1.3M$9.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $8,933,795 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $7,195,726$8,690,644
I-10 Investment incomePrior year $218,593$235,922
I-11 Other revenuePrior year $156,575$7,229
I-12 Total revenuePrior year $7,570,894$8,933,795
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $4,704,166$5,908,547
I-15 Salaries and benefitsPrior year $181,240$187,031
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,342,791$1,262,073
I-18 Total expensesPrior year $6,228,197$7,357,651
I-19 Revenue less expensesPrior year $1,342,697$1,576,144
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 $8,933,795 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,690,644$8,690,644
VIII-3 Investment incomeExcluded from tax $203,736$203,736
VIII-7 Net gain or loss on sales of assetsRelated to mission $32,186$32,186
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,229$7,229
VIII-12 Total revenueRelated to mission $8,730,059 · Unrelated business $0 · Excluded from tax $203,736$8,933,795
Part IX · Statement of functional expenses $7,357,651 across 15 lines filed
IX-4 Benefits paid to or for members$5,908,547
IX-5 Pay of current officers, directors and key staff$57,943
IX-7 Other salaries and wages$64,216
IX-9 Other employee benefits$56,959
IX-10 Payroll taxes$7,913
IX-11b Legal fees$70,745
IX-11c Accounting fees$15,250
IX-11f Investment management fees$26,694
IX-11g Other fees for services$985,559
IX-13 Office expenses$19,631
IX-15 Royalties$9,967
IX-19 Conferences, conventions and meetings$12,551
IX-22 Depreciation, depletion and amortization$2,272
IX-23 Insurance$115,446
IX-24 Other expenses (24a–d)$3,958
IX-25 Total functional expenses$7,357,651
Part X · Balance sheet $12,054,683 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,126,588$1,499,186
X-4 Accounts receivableStart of year $728,483$1,141,195
X-10c Land, buildings and equipment, netStart of year $7,784$6,054
X-11 Publicly traded securitiesStart of year $8,106,395$9,408,248
X-16 Total assetsStart of year $9,969,250$12,054,683
X-17 Accounts payable and accrued expensesStart of year $17,267$24,897
X-25 Other liabilitiesStart of year $45,487$655,430
X-26 Total liabilitiesStart of year $62,754$680,327
X-27 Net assets without donor restrictionsStart of year $9,906,496$11,374,356
X-32 Total net assets or fund balancesStart of year $9,906,496$11,374,356
X-33 Total liabilities and net assetsStart of year $9,969,250$12,054,683
Part XI · Reconciliation of net assets $11,374,356 net assets at year end
XI-1 Total revenue$8,933,795
XI-2 Total expenses$7,357,651
XI-3 Revenue less expenses$1,576,144
XI-4 Net assets at start of year$9,906,496
XI-5 Net unrealized gains (losses) on investments−$108,284
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,374,356

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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