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Pipeline Industry Benefit Fund

Not tax-deductible

Tulsa, OKMutual-benefit / member-servingSince 1964Mutual / membership EIN 73-0742835Revenue $58.7M in FY2024Latest return filed Nov 14, 2025

On file with the IRSpibf.org4845 S 83rd East Ave, 74145-6974 · Tulsa, OKTax-exempt since Feb 1967

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To provide health and death benefits covering eligible participants

93¢ of each $1 spent went to programs.
Run by 6 volunteers and 38 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $4.2M a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$991K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Plus $55.5M in investments, Pt X · Ln 11–13
Looks good: 10.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$704K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$58.7M
-8% vs prior year
Spent
$42.9M
To programs
93%
Net assets
$98.8M
By yearFY2020–FY2024
Revenue
$58.7M
FY2024▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$46.0M
FY2021$70.0M
FY2022$44.2M
FY2023$63.8M
FY2024$58.7M
Expenses
$42.9M
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$70.2M
FY2021$57.5M
FY2022$49.2M
FY2023$41.9M
FY2024$42.9M
Net assets
$98.8M
FY2024▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$55.6M
FY2021$67.5M
FY2022$57.7M
FY2023$81.7M
FY2024$98.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1967.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $40.0M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $991K paid to officers and key staff.

Part VII, Section A · reportable compensation
Renee Vause
Director
$301,860Pt VII · Sec A
Chad S Williams
Pensions & Contributions M
$274,574Pt VII · Sec A
Amber Troyer
Controller
$160,151Pt VII · Sec A
Steve Rowden
Operations Manager
$130,914Pt VII · Sec A
Kimberly Brasiola
Claims Manager
$123,946Pt VII · Sec A
Daniel Hendrix
Trustee, Co-Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Justin Wallace
Trustee, Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Renee Vause$301,860$293,375$280,289$274,145$271,316
Chad S Williams$274,574$266,604$254,439$250,502$250,997
Jon Baltzell———$195,198$194,954
Amber Troyer$160,151$147,889$119,591$113,629$110,057
Steve Rowden$130,914$127,037$116,867$111,424—
Kimberly Brasiola$123,946$119,036$117,832$109,725$106,933

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
  • Loans to or from officersSch L · Pt II8 listed

Programs and updates

Provides health and death benefits for eligible participants.

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Provided by the organization

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3 programs · $31.8M · in their own filed words · FY2024
01

Health and accident

$25.3Mprogram expense
02

Health reimbursement arrangement (hra) benefits

$4.9Mprogram expense
03

Cobra claims

$1.6Mprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$58.7M
Ln 12
Fees for servicesLn 2g$55.8M
Investment incomeLn 3$2.9M
Other incomeLn 4–11$600
Money outPt IX
$42.9M
Ln 25
Programscol B$40.0M
Owns and owesPt X
$98.8M
net assets · Ln 32
Cash and savingsLn 1–2$38.1M
Total assetsLn 16$99.5M
LiabilitiesLn 26$704K
PeoplePt VI, VII
11
listed · VII A
PaidVII A5
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$55.8M
Investment incomeLn 3$2.9M
Other incomeLn 4–11$600
Total revenueLn 12$58.7M
Assets in detailPt X, end of year
CashLn 1$380K
SavingsLn 2$37.7M
Cash and savings togetherLn 1–2$38.1M
InvestmentsLn 11–13$55.5M
Land, buildings, equipmentLn 10c$977K
Other assetsLn 15$20K
Total assetsLn 16$99.5M
LiabilitiesLn 26$704K
Net assetsLn 32$98.8M
OperationsPt I, VI
EmployeesI 538
VolunteersI 66
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 FY24End FY24
Cash and savingsLn 1–2$44.8M$38.1M
InvestmentsLn 11–13$33.6M$55.5M
Land, buildings, equipmentLn 10c$1.0M$977K
Total assetsLn 16$83.5M$99.5M
LiabilitiesLn 26$1.8M$704K
Net assetsLn 32$81.7M$98.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$40.0M
Pay of current officers, directors and key staffLn 5$376K
Other salaries and wagesLn 7$1.8M
Pension plan contributionsLn 8$882K
Other employee benefitsLn 9$781K
Payroll taxesLn 10$154K
Legal feesLn 11b$41K
Accounting feesLn 11c$34K
Investment management feesLn 11f$152K
Other fees for servicesLn 11g$48K
Office expensesLn 13$303K
OccupancyLn 16$50K
TravelLn 17$114K
Depreciation, depletion and amortizationLn 22$72K
InsuranceLn 23$26K
Other expenses (24a–d)Ln 24$467K
All other expensesLn 24e−$2.4M
Total functional expensesLn 25$42.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025 $58.7M$42.9M$15.8M$98.8M 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $63.8M$41.9M$22.0M$81.7M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $44.2M$49.2M−$5.1M$57.7M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $70.0M$57.5M$12.5M$67.5M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $46.0M$70.2M−$24.3M$55.6M 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 J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $58,724,949 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $61,796,847$55,832,282
I-10 Investment incomePrior year $2,038,206$2,892,067
I-11 Other revenuePrior year $600$600
I-12 Total revenuePrior year $63,835,653$58,724,949
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $39,248,435$40,020,899
I-15 Salaries and benefitsPrior year $3,666,640$3,960,847
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year −$1,040,387−$1,064,074
I-18 Total expensesPrior year $41,874,688$42,917,672
I-19 Revenue less expensesPrior year $21,960,965$15,807,277
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
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 $58,724,949 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,832,282$55,832,282
VIII-3 Investment incomeExcluded from tax $2,892,067$2,892,067
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $600$600
VIII-12 Total revenueRelated to mission $55,832,282 · Unrelated business $0 · Excluded from tax $2,892,667$58,724,949
Part IX · Statement of functional expenses $42,917,672 across 17 lines filed
IX-4 Benefits paid to or for members$40,020,899
IX-5 Pay of current officers, directors and key staff$376,190
IX-7 Other salaries and wages$1,767,254
IX-8 Pension plan contributions$881,532
IX-9 Other employee benefits$781,455
IX-10 Payroll taxes$154,416
IX-11b Legal fees$41,033
IX-11c Accounting fees$33,500
IX-11f Investment management fees$152,265
IX-11g Other fees for services$48,213
IX-13 Office expenses$303,157
IX-16 Occupancy$49,945
IX-17 Travel$113,779
IX-22 Depreciation, depletion and amortization$72,366
IX-23 Insurance$26,307
IX-24 Other expenses (24a–d)$467,307
IX-24e All other expenses−$2,371,946
IX-25 Total functional expenses$42,917,672
Part X · Balance sheet $99,468,631 assets, 12 lines filed
Asset lines not itemized here account for $22,245; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,010,817$380,007
X-2 Savings and temporary cash investmentsStart of year $43,760,028$37,697,191
X-4 Accounts receivableStart of year $4,043,689$4,769,130
X-9 Prepaid expenses and deferred chargesStart of year $7,465$101,208
X-10c Land, buildings and equipment, netStart of year $1,029,654$976,591
X-11 Publicly traded securitiesStart of year $33,598,939$55,502,759
X-15 Other assetsStart of year $39,000$19,500
X-16 Total assetsStart of year $83,505,583$99,468,631
X-17 Accounts payable and accrued expensesStart of year $1,776,793$704,316
X-26 Total liabilitiesStart of year $1,776,793$704,316
X-32 Total net assets or fund balancesStart of year $81,728,790$98,764,315
X-33 Total liabilities and net assetsStart of year $83,505,583$99,468,631
Part XI · Reconciliation of net assets $98,764,315 net assets at year end
XI-1 Total revenue$58,724,949
XI-2 Total expenses$42,917,672
XI-3 Revenue less expenses$15,807,277
XI-4 Net assets at start of year$81,728,790
XI-5 Net unrealized gains (losses) on investments$1,228,248
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$98,764,315

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

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