Cioc Funded Medical Plan Trust

Not tax-deductible

Pittsburgh, PAMutual-benefit / member-servingMutual / membership EIN 25-1494888Revenue $313K in FY2025Latest return filed Apr 10, 2026

On file with the IRS60 Boulevard of the Allies 5th FL, 15222-1209 · Pittsburgh, PATax-exempt since Jun 1985

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Health and welfare benefit provided to retired members and surviving spouses of the former midland and spring plants of colt industries.

$37K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $1.1M a year · 353% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$37K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $10.3M in investments, Pt X · Ln 11–13
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$16K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$313K
+9% vs prior year
Spent
$1.1M
To programs
0%
Net assets
$10.5M
By yearFY2020–FY2025
Revenue
$313K
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$74K
FY2021$1.1M
FY2022$25K
FY2023$158K
FY2024$286K
FY2025$313K
Expenses
$1.1M
FY2025▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$1.5M
FY2022$1.5M
FY2023$1.3M
FY2024$1.3M
FY2025$1.1M
Net assets
$10.5M
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$16.5M
FY2021$14.9M
FY2022$13.0M
FY2023$11.8M
FY2024$11.1M
FY2025$10.5M

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1985.

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

Who runs it and what they're paid

4 people listed on the 990; $37K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$14,000Pt VII · Sec A
$13,000Pt VII · Sec A
$6,500Pt VII · Sec A
$3,250Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
S Howard Kline$14,000$14,000$14,000$14,000$14,000$14,000
Beaufort B Longest JR$6,500$13,000$13,000$13,000$13,000$13,000
Steve Spradling$13,000$13,000$13,000$13,000$13,000$13,000
Thomas Duzak$3,250—————

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.

See Cioc Funded Medical Plan Trust 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

Provides health and welfare benefits to retired Colt Industries members and their surviving spouses.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Health and welfare benefit provided to retired members and surviving spouses of the former midland and spring plants of colt industries.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$313K
Ln 12
Investment incomeLn 3$313K
Money outPt IX
$1.1M
Ln 25
Owns and owesPt X
$10.5M
net assets · Ln 32
Cash and savingsLn 1–2$135K
Total assetsLn 16$10.5M
LiabilitiesLn 26$16K
PeoplePt VI, VII
4
listed · VII A
PaidVII A4
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$313K
Gains on assetsLn 7−$119K
Total revenueLn 12$313K
Assets in detailPt X, end of year
CashLn 1$135K
Cash and savings togetherLn 1–2$135K
InvestmentsLn 11–13$10.3M
Other assetsLn 15$59K
Total assetsLn 16$10.5M
LiabilitiesLn 26$16K
Net assetsLn 32$10.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$244K$135K
InvestmentsLn 11–13$10.8M$10.3M
Total assetsLn 16$11.1M$10.5M
LiabilitiesLn 26$42K$16K
Net assetsLn 32$11.1M$10.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$896K$0
Pay of current officers, directors and key staffLn 5$38K$0$0$0
Legal feesLn 11b$4K$0$0$0
Accounting feesLn 11c$19K$0$0$0
Investment management feesLn 11f$25K$0$0$0
Other fees for servicesLn 11g$133K$0$0$0
Office expensesLn 13$5K$0$0$0
InsuranceLn 23$15K$0$0$0
Other expenses (24a–d)Ln 24$406$0$0$0
Total functional expensesLn 25$1.1M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Apr 10, 2026 $313K$1.1M−$821K$10.5M 990 PDF
FY2024Filed with the IRS Mar 26, 2025 $286K$1.3M−$1.0M$11.1M 990 PDF
FY2023Filed with the IRS Apr 3, 2024 $158K$1.3M−$1.1M$11.8M 990 PDF
FY2022Filed with the IRS Apr 6, 2023 $25K$1.5M−$1.4M$13.0M 990 PDF
FY2021Filed with the IRS Apr 4, 2022 $1.1M$1.5M−$427K$14.9M 990 PDF
FY2020Filed with the IRS Apr 14, 2021 $74K$2.1M−$2.1M$16.5M 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 FY2025 990 (6 parts)
Part I · Summary $312,821 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $286,164$312,821
I-11 Other revenue$0
I-12 Total revenuePrior year $286,164$312,821
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $1,065,798$895,562
I-15 Salaries and benefitsPrior year $40,000$37,833
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $206,505$200,882
I-18 Total expensesPrior year $1,312,303$1,134,277
I-19 Revenue less expensesPrior year −$1,026,139−$821,456
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $312,821 across 3 lines filed
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $431,861$431,861
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax −$119,040−$119,040
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $312,821$312,821
Part IX · Statement of functional expenses $1,134,277 across 9 lines filed
IX-4 Benefits paid to or for membersPrograms $0$895,562
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$37,833
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$3,671
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$19,000
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$25,000
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$132,701
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$5,341
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$14,763
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$406
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,134,277
Part X · Balance sheet $10,518,092 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $243,670$134,604
X-9 Prepaid expenses and deferred chargesStart of year $2,548$11,882
X-11 Publicly traded securitiesStart of year $9,017,676$8,169,619
X-12 Other securitiesStart of year $1,780,449$2,143,285
X-15 Other assetsStart of year $49,485$58,702
X-16 Total assetsStart of year $11,093,828$10,518,092
X-17 Accounts payable and accrued expensesStart of year $41,705$16,250
X-26 Total liabilitiesStart of year $41,705$16,250
X-32 Total net assets or fund balancesStart of year $11,052,123$10,501,842
X-33 Total liabilities and net assetsStart of year $11,093,828$10,518,092
Part XI · Reconciliation of net assets $10,501,842 net assets at year end
XI-1 Total revenue$312,821
XI-2 Total expenses$1,134,277
XI-3 Revenue less expenses−$821,456
XI-4 Net assets at start of year$11,052,123
XI-5 Net unrealized gains (losses) on investments$271,175
XI-10 Net assets at end of year$10,501,842

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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