Iowa Laborers District Council Health and Welfare Plan: Nonprofit Profile, Financials & Form 990 (EIN 42-0946060)

Revenue by fiscal year
FY2020	$26.4M
FY2021	$26.1M
FY2022	$27.3M
FY2023	$27.7M
FY2024	$30.4M

Expenses by fiscal year
FY2020	$30.6M
FY2021	$29.6M
FY2022	$30.8M
FY2023	$28.9M
FY2024	$29.1M

Net assets by fiscal year
FY2020	$10.1M
FY2021	$8.9M
FY2022	$2.6M
FY2023	$1.5M
FY2024	$4.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1977.

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Bill Gerhard

Chairman

$0Pt VII · Sec A

Brett Nuckolls

Trustee

$0Pt VII · Sec A

James Piazza JR

Secretary/Treasurer

$0Pt VII · Sec A

Tony Penn

Trustee

$0Pt VII · Sec A

Tom Hayes

Trustee

$0Pt VII · Sec A

Mike Weckman

Trustee

$0Pt VII · Sec A

Dain Brunsheen

Trustee

$0Pt VII · Sec A

Craig Plummer

Trustee

$0Pt VII · Sec A

See Iowa Laborers District Council Health and Welfare Plan executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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

Offers healthcare and benefits to eligible individuals and their families.

Questions for Iowa Laborers District Council Health and Welfare Plan

Tap to ask. Iowa Laborers District Council Health and Welfare Plan sees how many people are interested.

Your first name shows with your question. Iowa Laborers District Council Health and Welfare Plan answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2023

01

To provide health care and related benefits to eligible participants and their dependents. Approximately 2,600 participants covered.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$30.4M

Ln 12

Fees for servicesLn 2g$29.4M

Investment incomeLn 3$1.0M

Money outPt IX

$29.1M

Ln 25

Owns and owesPt X

$4.2M

net assets · Ln 32

Cash and savingsLn 1–2$4.3M

Total assetsLn 16$22.1M

LiabilitiesLn 26$18.0M

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$29.4M

Investment incomeLn 3$1.0M

Gains on assetsLn 7$408K

Total revenueLn 12$30.4M

Assets in detailPt X, end of year

SavingsLn 2$4.3M

Cash and savings togetherLn 1–2$4.3M

InvestmentsLn 11–13$14.7M

Total assetsLn 16$22.1M

LiabilitiesLn 26$18.0M

Net assetsLn 32$4.2M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderOctober

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$5.1M	$4.3M
InvestmentsLn 11–13	$11.0M	$14.7M
Total assetsLn 16	$19.8M	$22.1M
LiabilitiesLn 26	$18.3M	$18.0M
Net assetsLn 32	$1.5M	$4.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$26.2M
Management feesLn 11a	$2.1M
Legal feesLn 11b	$53K
Accounting feesLn 11c	$120K
Investment management feesLn 11f	$63K
Other fees for servicesLn 11g	$254K
Office expensesLn 13	$49K
OccupancyLn 16	$320
TravelLn 17	$2K
Other expenses (24a–d)Ln 24	$225K
Total functional expensesLn 25	$29.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$30.4M	$29.1M	$1.4M	$4.2M	990 PDF
FY2023	$27.7M	$28.9M	−$1.2M	$1.5M	990 PDF
FY2022	$27.3M	$30.8M	−$3.5M	$2.6M	990 PDF
FY2021	$26.1M	$29.6M	−$3.6M	$8.9M	990 PDF
FY2020	$26.4M	$30.6M	−$4.2M	$10.1M	990 PDF

More to add? Claim this org

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 FY2024 990 (6 parts)

Part I · Summary $30,425,267 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $27,023,231$29,416,439

I-10 Investment incomePrior year $670,812$1,008,828

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $27,694,043$30,425,267

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $26,106,095$26,160,960

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $2,806,813$2,901,461

I-18 Total expensesPrior year $28,912,908$29,062,421

I-19 Revenue less expensesPrior year −$1,218,865$1,362,846

Part VI · Governance 9 of 9 board members independent, 3 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $30,425,267 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,416,439$29,416,439

VIII-3 Investment incomeExcluded from tax $600,522$600,522

VIII-7 Net gain or loss on sales of assetsExcluded from tax $408,306$408,306

VIII-12 Total revenueRelated to mission $29,416,439 · Unrelated business $0 · Excluded from tax $1,008,828$30,425,267

Part IX · Statement of functional expenses $29,062,421 across 10 lines filed

IX-4 Benefits paid to or for members$26,160,960

IX-11a Management fees$2,134,722

IX-11b Legal fees$53,446

IX-11c Accounting fees$119,871

IX-11f Investment management fees$63,463

IX-11g Other fees for services$253,558

IX-13 Office expenses$49,138

IX-16 Occupancy$320

IX-17 Travel$1,934

IX-24 Other expenses (24a–d)$225,009

IX-25 Total functional expenses$29,062,421

Part X · Balance sheet $22,147,145 assets, 10 lines filed

Asset lines not itemized here account for $43,911; see the IRS return.

X-2 Savings and temporary cash investmentsStart of year $5,148,236$4,263,388

X-4 Accounts receivableStart of year $3,444,645$3,003,655

X-9 Prepaid expenses and deferred chargesStart of year $133,711$133,711

X-11 Publicly traded securitiesStart of year $10,986,265$14,702,480

X-16 Total assetsStart of year $19,762,940$22,147,145

X-17 Accounts payable and accrued expensesStart of year $96,853$197,843

X-25 Other liabilitiesStart of year $18,193,504$17,762,476

X-26 Total liabilitiesStart of year $18,290,357$17,960,319

X-32 Total net assets or fund balancesStart of year $1,472,583$4,186,826

X-33 Total liabilities and net assetsStart of year $19,762,940$22,147,145

Part XI · Reconciliation of net assets $4,186,826 net assets at year end

XI-1 Total revenue$30,425,267

XI-2 Total expenses$29,062,421

XI-3 Revenue less expenses$1,362,846

XI-4 Net assets at start of year$1,472,583

XI-5 Net unrealized gains (losses) on investments$1,351,397

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$4,186,826

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

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Iowa Laborers District Council Health and Welfare Plan

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Iowa Laborers District Council Health and Welfare Plan

By the numbers

Filing history

Schedules filed Part IV