PLUMBERS AND PIPEFITTERS WELFARE EDUCATIONAL FUND: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
PLUMBERS AND PIPEFITTERS WELFARE EDUCATIONAL FUND (EIN 43-0657966)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-10-08
IRS object ID
202422829349300417
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-08T09:54:47-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN430831507PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANDERS MINKLER HUBER & HELM LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1800 MARKET STREET SUITE 500AddressLine1Txt
CityST LOUISCityNm
State AbbreviationMOStateAbbreviationCd
ZIP631012501ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN430657966EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PLUMBERS' & PIPEFITTERS' WELFAREBusinessNameLine1Txt
Business Name Line2EDUCATIONAL FUNDBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPLUMBusinessNameControlTxt
Phone3143551000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13640 CORPORATE TRAIL DRIVEAddressLine1Txt
CityEARTH CITYCityNm
State AbbreviationMOStateAbbreviationCd
ZIP63045ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK J COLLOMPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone3143551000PhoneNum
Signature2024-10-04SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDEREK A BARNARD CPAPreparerPersonNm
PTINP00748926PTIN
Phone3146555500PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK J COLLOMPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13640 CORPORATE TRAIL DRIVEAddressLine1Txt
CityEARTH CITYCityNm
State AbbreviationMOStateAbbreviationCd
ZIP63045ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$94,889,952GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1951FormationYr
Legal Domicile StateMOLegalDomicileStateCd
Activity Or MissionPROVIDE HEALTH & RELATED BENEFITS TO MEMBERS OF PLUMBERS AND PIPEFITTERS LOCAL 562ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee803TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$6,510,314TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$986,000PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$71,731,728PYProgramServiceRevenueAmt
CY Program Service Revenue$79,486,490CYProgramServiceRevenueAmt
PY Investment Income$4,352,579PYInvestmentIncomeAmt
CY Investment Income$6,510,314CYInvestmentIncomeAmt
PY Other Revenue$935,136PYOtherRevenueAmt
CY Other Revenue$1,208,851CYOtherRevenueAmt
PY Total Revenue$78,005,443PYTotalRevenueAmt
CY Total Revenue$87,205,655CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$60,743,854PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$66,242,733CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$7,953,399PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$8,962,078CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$8,115,616PYOtherExpensesAmt
CY Other Expenses$8,310,515CYOtherExpensesAmt
PY Total Expenses$76,812,869PYTotalExpensesAmt
CY Total Expenses$83,515,326CYTotalExpensesAmt
PY Revenues Less Expenses$1,192,574PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,690,329CYRevenuesLessExpensesAmt
Total Assets BOY$175,996,074TotalAssetsBOYAmt
Total Assets EOY$189,373,785TotalAssetsEOYAmt
Total Liabilities BOY$45,366,062TotalLiabilitiesBOYAmt
Total Liabilities EOY$51,336,526TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$130,630,012NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$138,037,259NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE HEALTH AND WELFARE BENEFITS AND EDUCATION TO THE MEMBERS OF THE PLUMBERS AND PIPEFITTERS UNION LOCAL 562.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$66,242,733ExpenseAmt
DescMEMBERS BENEFITS INCLUDE DISABILITY, DENTAL, VISION & EYEGLASSES, LIFE & ACCIDENTAL DEATH, VACATION, HOLIDAY, SEVERANCE & SUB PAY, PRESCRIPTION DRUGS, SICKNESS & HOSPITAL, BUILDING FUND, HEALTH CENTER & APPRENTICE TRAINING BENEFITS.Desc
Total Program Service Expenses$66,242,733TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document20IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee803EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARK J COLLOMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3143551000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13640 CORPORATE TRAIL DRIVEAddressLine1Txt
CityEARTH CITYCityNm
State AbbreviationMOStateAbbreviationCd
ZIP63045ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
JAMES J MURPHY JR
TRUSTEE5.00Yes (X)$0$0$0
JOHN J O'MARA
TRUSTEE - SEE SCHEDULE O5.00Yes (X)$5,548$0$0
MARK V MORGAN
TRUSTEE - SEE SCHEDULE O5.00Yes (X)$5,548$0$0
ROBERT C MITCHELL
TRUSTEE5.00Yes (X)$0$0$0
BRIAN NICHOLS
TRUSTEE - SEE SCHEDULE O5.00Yes (X)$5,548$0$0
RICHARD M KELLETT
TRUSTEE - SEE SCHEDULE O5.00Yes (X)$5,548$0$0
NEIL G HABERBERGER
TRUSTEE5.00Yes (X)$0$0$0
RAY HEFNER
TRUSTEE5.00Yes (X)$0$0$0
MICHAEL J O'CONNELL III
TRUSTEE - SEE SCHEDULE O5.00Yes (X)$5,548$0$0
DENNIS CORRIGAN
TRUSTEE5.00Yes (X)$0$0$0
MARK J COLLOM
EXECUTIVE DIRECTOR65.00$172,297$0$105,123Yes (X)
MICHAEL V HEPBURN
CERTIFIED FINANCIAL OFFICE55.00$127,000$0$26,910Yes (X)
KEVIN J O'MARA
DIRECTOR OF TRAINING55.00$156,177$0$28,457Yes (X)
MARTIN B MCCLIMENS
INSTRUCTOR46.00$139,260$0$28,083Yes (X)
PAUL GALLEGHER
INSTRUCTOR44.00$133,757$0$27,045Yes (X)
THOMAS BIELICKI
INSTRUCTOR44.00$129,281$0$26,450Yes (X)
DANIEL O'CONNELL
INSTRUCTOR42.00$127,115$0$26,438Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,012,627TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$268,506TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K13IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
EDWARD REH MD
1345 SMIZER MILL ROAD SUITE 1000FENTONMO63026MEDICAL$238,733
ANDERS MINKLER HUBER & HELM
500 MARKET STSAINT LOUISMO63101AUDIT AND TAX PREP$189,915
QUEST DIAGNOSTICS
P O BOX 14730SAINT LOUISMO63150MEDICAL$187,675
ANN HERZOG MD
816 S BEMISTONSAINT LOUISMO63105MEDICAL$176,392
HARTNETT REYES JONES
4399 LACLEDE AVESAINT LOUISMO63108LEGAL$175,969
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFRINGE CONTRIBUTION INCOMEDesc
Business561000BusinessCd
Total Revenue Column$79,486,490TotalRevenueColumnAmt
Related Or Exempt Func Income$79,486,490RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$79,486,490TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,441,292TotalRevenueColumnAmt
Unrelated Business Revenue$6,441,292UnrelatedBusinessRevenueAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$262,711RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$262,711RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$262,711TotalRevenueColumnAmt
Related Or Exempt Func Income$262,711RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$7,753,319SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$7,684,297SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$69,022SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$69,022TotalRevenueColumnAmt
Unrelated Business Revenue$69,022UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ADMINISTRATIVE SERVICE INCOME561000$705,908$705,908
MISCELLANEOUS900099$240,232$240,232
FieldValueIRS element (for citing)
Other Revenue Total$946,140OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$87,205,655TotalRevenueColumnAmt
Related Or Exempt Func Income$80,695,341RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$6,510,314UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$66,242,733TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$459,070TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$6,768,079TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,131,394TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$603,535TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$227,182TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$189,915TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$80,939TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,163,330TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$381,430TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$251,443TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$388,377TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$41,996TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,784,096TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$510,413TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
SUPPLIES$451,275
SCHOOL EXPENSES$294,987
TRAINING INCENTIVES$236,826
REPAIRS AND MAINTENANCE$219,824

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$88,482TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$83,515,326TotalAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XYes (X)InfoInScheduleOPartXInd

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,024,194BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$15,439,542BOYAmt
EOY$17,674,097EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$9,296,571BOYAmt
EOY$9,275,730EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$27,280,359LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$8,998,571LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$19,793,840BOYAmt
EOY$18,281,788EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$31,600,352BOYAmt
EOY$28,985,840EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$98,841,575BOYAmt
EOY$114,955,190EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$201,140EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$175,996,074BOYAmt
EOY$189,373,785EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,829,071BOYAmt
EOY$2,362,596EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$43,536,991BOYAmt
EOY$48,973,930EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$45,366,062BOYAmt
EOY$51,336,526EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$130,630,012BOYAmt
EOY$138,037,259EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$130,630,012BOYAmt
EOY$138,037,259EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$175,996,074BOYAmt
EOY$189,373,785EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$3,690,329ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$8,733,918NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$5,017,000OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,630,880OtherCostOrOtherBasisAmt
Book Value$2,630,880BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,186,145OtherCostOrOtherBasisAmt
Depreciation$3,342,177DepreciationAmt
Book Value$843,968BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$15,704,189OtherCostOrOtherBasisAmt
Depreciation$2,146,419DepreciationAmt
Book Value$13,557,770BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,759,145OtherCostOrOtherBasisAmt
Depreciation$3,509,975DepreciationAmt
Book Value$1,249,170BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$18,281,788TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
OTHER GOV'T OBLIGATIONS$17,069,263F
MUTUAL FUNDS$97,885,927F
FieldValueIRS element (for citing)
Total Book Value Securities$114,955,190TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)

DescDescAmtAmt
ESTIMATED FUTURE BENEFITS BASED ON PARTICIPANTS' ACCUMULATED ELIGIBILITY$41,482,000
CLAIMS PAYABLE$5,239,000
DUE TO PLUMBERS' & PIPEFITTERS' LOCAL UNION 562$141,363
DUE TO PLUMBERS' & PIPEFITTERS' SUPPLEMENTAL PENSION PLAN AND TRUST$280,454
DUE TO PLUMBERS' & PIPEFITTERS' PENSION PLAN$277,396
CASH OVERDRAFT$1,553,717
FieldValueIRS element (for citing)
Total Liability$48,973,930TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$95,858,634TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$8,733,918NetUnrealizedGainsInvstAmt
Revenue Not Reported$8,733,918RevenueNotReportedAmt
Revenue Subtotal$87,124,716RevenueSubtotalAmt
Investment Expenses Not Incld$80,939InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$80,939RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$87,205,655TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$83,434,387TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$83,434,387ExpensesSubtotalAmt
Investment Expenses Not Incld2$80,939InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$80,939ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$83,515,326TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE INTERNAL REVENUE SERVICE HAS DETERMINED AND INFORMED THE PLAN SPONSOR BY A LETTER DATED FEBRUARY 13, 1967, THAT THE PLAN AND RELATED TRUST ARE DESIGNED IN ACCORDANCE WITH THE APPLICABLE SECTIONS OF THE INTERNAL REVENUE CODE ("IRC"). ALTHOUGH THE PLAN HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER, THE PLAN SPONSOR BELIEVES THAT THE PLAN IS DESIGNED AND IS CURRENTLY BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND THEREFORE BELIEVES THAT THE PLAN IS QUALIFIED AND THE RELATED TRUST IS TAX-EXEMPT. IN ACCORDANCE WITH GAAP, THE PLAN'S MANAGEMENT IS REQUIRED TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. THE PLAN'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN'S MANAGEMENT BELIEVES THE PLAN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2019. THE PLAN IS ALSO SUBJECT TO ROUTINE AUDITS BY THE DEPARTMENT OF LABOR, GENERALLY SIX YEARS AFTER THE STATUTORY DUE DATE OF THE ANNUAL INFORMATION RETURN. THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARK J COLLOM
EXECUTIVE DIRECTOR$172,297$0$0$0$0$0$73,572$0$31,551$0$277,420$0$0$0
KEVIN J O'MARA
DIRECTOR OF TRAINING$156,177$0$0$0$0$0$0$0$28,457$0$184,634$0$0$0
MARTIN B MCCLIMENS
INSTRUCTOR$139,260$0$0$0$0$0$0$0$28,083$0$167,343$0$0$0
PAUL GALLEGHER
INSTRUCTOR$133,757$0$0$0$0$0$0$0$27,045$0$160,802$0$0$0
THOMAS BIELICKI
INSTRUCTOR$129,281$0$0$0$0$0$0$0$26,450$0$155,731$0$0$0
MICHAEL V HEPBURN
CERTIFIED FINANCIAL OFFICE$127,000$0$0$0$0$0$0$0$26,910$0$153,910$0$0$0
DANIEL O'CONNELL
INSTRUCTOR$127,115$0$0$0$0$0$0$0$26,438$0$153,553$0$0$0

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
DANIEL R O'CONNELL
BROTHER OF MICHAEL J. O'CONNELL III, TRUSTEE$153,553RECEIVED COMPENSATION AND NON-TAXABLE BENEFITS AS AN EMPLOYEE OF PLUMBERS AND PIPEFITTERS' WELFARE EDUCATIONAL FUND0
KEVIN J O'MARA
BROTHER OF JOHN J. O'MARA, TRUSTEE$184,634RECEIVED COMPENSATION AND NON-TAXABLE BENEFITS AS AN EMPLOYEE OF PLUMBERS AND PIPEFITTERS' WELFARE EDUCATIONAL FUND0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2THE PLAN HAS TWO COMPENSATED EMPLOYEES THAT ARE RELATED TO BOARD MEMBERS. LOOK AT SCHEDULE L FOR MORE INFORMATION.
FORM 990, PART VI, SECTION A, LINE 3THE TRUSTEES HIRED A QUALIFIED PROFESSIONAL ASSET MANAGER (QPAM) TO MANAGE THE LEASES BETWEEN THE WELFARE EDUCATIONAL FUND AND ITS RELATED ORGANIZATIONS.
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE FINAL VERSION OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR THEIR REVIEW PRIOR TO ITS BEING ELECTRONICALLY FILED.
FORM 990, PART VI, SECTION B, LINE 12CTHE FUND'S EXECUTIVE DIRECTOR WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE CHAIRMAN OF THE BOARD OF TRUSTEES IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED.
FORM 990, PART VI, SECTION B, LINE 15THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR, OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, PROVIDED THOSE PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. IN ADDITION, THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT.
FORM 990, PART VI, SECTION C, LINE 19NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC.
FORM 990, PART VI, LINE 2:THE PLAN HAS TWO EMPLOYEES WHO ARE RELATED TO BOARD MEMBERS THAT ARE COMPENSATED. SEE SCHEDULE L FOR THE BREAKDOWN.
FORM 990, PART VII, SECTION A, COLUMN D:THE REPORTABLE COMPENSATION AMOUNT FOR JOHN J. O'MARA, MARK V. MORGAN, BRIAN NICHOLS, MICHAEL J. O'CONNELL III, AND RICHARD M. KELLETT IS ENTIRELY MADE UP OF THE VACATION AND HOLIDAY BENEFIT, WHICH ALL JOURNEYMEN RECEIVE.
FORM 990, PART X, LINE 16RECONCILIATION OF TOTAL ASSESTS ON FORM 990 TO FORM 5500: THE BALANCE SHEET ON FORM 990, PART X, IS PRESENTED PER THE FINANCIAL STATEMENTS WHICH WERE ISSUED UNDER GAAP (GENERALLY ACCEPTED ACCOUNTING PRINCIPLES). HOWEVER, THIS DOES NOT ACCOUNT FOR THE UNREALIZED APPRECIATION OF LONG LIVED ASSETS PER THE APPRAISALS WHICH TOTALS $5,530,639 AND WHICH CANNOT BE INCLUDED IN THE FINANCIAL STATEMENTS ISSUED UNDER GAAP. TOTAL ASSETS PER FORM 990, PART X, LINE 16: 189,373,785 ADD UNREALIZED APPRECIATION OF LONG LIVED ASSETS: 5,530,639 TOTAL ASSETS PER FORM 5500, SCHEDULE H, PART I, LINE 1F: 194,904,424
FORM 990, PART XI, LINE 9:CHANGE IN NET BENEFIT OBLIGATION -5,017,000.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
PLUMBERS & PIPEFITTERS LOCAL UNION 562 PENSION FUND
3640 CORPORATE TRAIL DRIVEEARTH CITYMO63045430759836PENSION FOR MEMBERS OF LOCAL 562MO401N/A0
PLUMBERS & PIPEFITTERS LOCAL 562 SUPPLEMENTAL PENSION PLAN & TRUST
3640 CORPORATE TRAIL DRIVEEARTH CITYMO63045436577917SUPPLEMENTAL PENSION FOR MEMBERS OF LOCAL 562MO401N/A0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth OrgYes (1)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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