Plumbers Local No 98 Supplemental

Not tax-deductible

Troy, MIMutual-benefit / member-servingMutual/Membership EIN 38-6105923Revenue $1.2M in FY2025

On file with the IRS700 Tower Dr Ste 300, 48098-2835 · Troy, MITax-exempt since Sep 2015

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The Plumbers Local No.98 Supplemental unemployment benefit trust fund is crafted for the purpose of providing Supplemental unemployment benefits to eligible individuals under a collectively bargained agreement, on behalf of the Plumbers Local No. 98, in compliance with the taft-hartley act.

77¢ of each $1 spent went to programs.
Run by 3 volunteers and 185 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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
5 of 6
filings with a surplus
Average surplus $256K a year · 23% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Plus $8.3M in investments, Pt X · Ln 11–13
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.8M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-3% vs prior year
Spent
$725K
To programs
77%
Net assets
$6.8M
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$953K
FY2023$998K
FY2024$1.2M
FY2025$1.2M
Expenses
$725K
FY2025▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$734K
FY2022$918K
FY2023$642K
FY2024$593K
FY2025$725K
Net assets
$6.8M
FY2025▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.4M
FY2021$7.1M
FY2022$6.4M
FY2023$6.8M
FY2024$7.7M
FY2025$6.8M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2015.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $556K Management & general 23% · $169K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
See Plumbers Local No 98 Supplemental 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 extra unemployment pay to eligible union plumbers.

Questions for Plumbers Local No 98 Supplemental

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1 program · in their own filed words · FY2024
01

The plumbers local NO.98 supplemental unemployment benefit trust fund is crafted for the purpose of providing supplemental unemployment benefits to eligible individuals under a collectively bargained agreement, on behalf of the plumbers local no. 98, in compliance with the taft-hartley act.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$828K
Investment incomeLn 3$365K
Money outPt IX
$725K
Ln 25
Programscol B$556K
Managementcol C$169K
Owns and owesPt X
$6.8M
net assets · Ln 32
Cash and savingsLn 1–2$196K
Total assetsLn 16$8.5M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$828K
Investment incomeLn 3$365K
Gains on assetsLn 7$91K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$169K
SavingsLn 2$27K
Cash and savings togetherLn 1–2$196K
InvestmentsLn 11–13$8.3M
Total assetsLn 16$8.5M
LiabilitiesLn 26$1.8M
Net assetsLn 32$6.8M
OperationsPt I, VI
EmployeesI 5185
VolunteersI 63
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$287K$196K
InvestmentsLn 11–13$7.4M$8.3M
Total assetsLn 16$7.8M$8.5M
LiabilitiesLn 26$16K$1.8M
Net assetsLn 32$7.7M$6.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$556K$556K
Other salaries and wagesLn 7$40K$40K
Management feesLn 11a$35K$35K
Legal feesLn 11b$37K$37K
Accounting feesLn 11c$31K$31K
Investment management feesLn 11f$18K$18K
Other fees for servicesLn 11g$914$914
Office expensesLn 13$4K$4K
Information technologyLn 14$2K$2K
Conferences, conventions and meetingsLn 19$53$53
InsuranceLn 23$1K$1K
Total functional expensesLn 25$725K$556K$169K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$725K$468K$6.8M 990 PDF
FY2024 $1.2M$593K$633K$7.7M 990 PDF
FY2023 $998K$642K$356K$6.8M 990 PDF
FY2022 $953K$918K$35K$6.4M 990 PDF
FY2021 $1.1M$734K$406K$7.1M 990 PDF
FY2020 $1.1M$1.4M−$359K$6.4M 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 $1,192,418 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $938,475$827,841
I-10 Investment incomePrior year $288,129$364,577
I-11 Other revenue$0
I-12 Total revenuePrior year $1,226,604$1,192,418
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $466,948$555,614
I-15 Salaries and benefitsPrior year $40,008$40,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $86,255$129,140
I-18 Total expensesPrior year $593,211$724,754
I-19 Revenue less expensesPrior year $633,393$467,664
Part VI · Governance 2 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
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 $1,192,418 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $827,841$827,841
VIII-3 Investment incomeExcluded from tax $273,345$273,345
VIII-7 Net gain or loss on sales of assetsRelated to mission $91,232$91,232
VIII-12 Total revenueRelated to mission $919,073 · Excluded from tax $273,345$1,192,418
Part IX · Statement of functional expenses $724,754 across 11 lines filed
IX-4 Benefits paid to or for membersPrograms $555,614$555,614
IX-7 Other salaries and wagesManagement $40,000$40,000
IX-11a Management feesManagement $35,175$35,175
IX-11b Legal feesManagement $36,948$36,948
IX-11c Accounting feesManagement $31,254$31,254
IX-11f Investment management feesManagement $18,168$18,168
IX-11g Other fees for servicesManagement $914$914
IX-13 Office expensesManagement $3,626$3,626
IX-14 Information technologyManagement $1,890$1,890
IX-19 Conferences, conventions and meetingsManagement $53$53
IX-23 InsuranceManagement $1,112$1,112
IX-25 Total functional expensesPrograms $555,614 · Management $169,140 · Fundraising $0$724,754
Part X · Balance sheet $8,539,501 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $261,717$168,720
X-2 Savings and temporary cash investmentsStart of year $25,721$26,894
X-4 Accounts receivableStart of year $73,997$79,174
X-9 Prepaid expenses and deferred chargesStart of year $670$619
X-11 Publicly traded securitiesStart of year $7,401,245$8,264,094
X-16 Total assetsStart of year $7,763,350$8,539,501
X-17 Accounts payable and accrued expensesStart of year $14,186$18,611
X-25 Other liabilitiesStart of year $1,470$1,737,007
X-26 Total liabilitiesStart of year $15,656$1,755,618
X-27 Net assets without donor restrictionsStart of year $7,747,694$6,783,883
X-32 Total net assets or fund balancesStart of year $7,747,694$6,783,883
X-33 Total liabilities and net assetsStart of year $7,763,350$8,539,501
Part XI · Reconciliation of net assets $6,783,883 net assets at year end
XI-1 Total revenue$1,192,418
XI-2 Total expenses$724,754
XI-3 Revenue less expenses$467,664
XI-4 Net assets at start of year$7,747,694
XI-5 Net unrealized gains (losses) on investments$293,102
XI-9 Other changes in net assets−$1,724,577
XI-10 Net assets at end of year$6,783,883

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

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