2020-11-16T14:34:28-06:00 2019-12-31 751044330 LANE GORMAN TRUBITT LLC 2626 HOWELL ST SUITE 700 DALLAS TX 75204 990 2019-01-01 237379267 PIPE LINE INDUSTRY ADVANCEMENT FUND PIPE 2149692700 3100 CLARENDON BLVD NO 620 ARLINGTON VA 22201 ELIZABETH WORRELL CHIEF LEGAL COUNSEL 5715512464 2020-11-14 1 KEVIN WARNEKE P01294950 2148717500 47.187.198.45 2020-11-14 11:57:42 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D842F6E87B12CA8C94BA194B01FE02C36D677B4B 2019 2022-01-07 14:23:13Z ELIZABETH WORRELL 3100 CLARENDON BLVD SUITE 620 ARLINGTON VA 22201 2500379 0 X N/A X 1974 TX TO ADVANCE THE BEST INTERESTS OF THE MAIN LINE PIPE LINE CONSTRUCTION INDUSTRY. 3 3 0 0 0 0 0 0 4510071 2378812 68221 121567 0 0 4578292 2500379 0 0 0 0 1229932 949005 0 0 0 1672985 2186723 2902917 3135728 1675375 -635349 6986210 7275326 0 924465 6986210 6350861 X PIPE LINE INDUSTRY ADVANCEMENT FUND ("PLIAF OR THE "FUND") WAS FORMED TO ADVANCE THE BEST INTERESTS OF THE MAIN LINE PIPE LINE CONSTRUCTION INDUSTRY THROUGH GOOD PUBLIC RELATIONS, MARKET DEVELOPMENT, EDUCATION AND RESEARCH GRANTS, COLLECTIVE BARGAINING NEGOTIATIONS, PROMOTION OF INDUSTRY SAFETY, SCHOLARSHIPS, AND THE PROMOTION OF CONTRACTORS FOR THE CONSTRUCTION OF ALL MAIN LINE PIPE LINES. 0 0 LABOR NEGOTIATIONS AND OTHER MEETINGS WORK DEVELOPMENT AND INDUSTRY OUTREACH PROGRAMS CONVENTION AND MEETINGS FOR PIPE LINE CONTRACTORS 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 X 1 0 1 0 1 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 X ELIZABETH WORRELL 5715512464 3100 CLARENDON BLVD SUITE 620 ARLINGTON VA 22201 FRANK WELCH TRUSTEE 1.00 1.00 X 0 0 0 RONNIE WISE TRUSTEE 1.00 1.00 X 0 0 0 BRIAN GANSKE CHAIRMAN 1.00 1.00 X X 0 0 0 ELIZABETH WORRELL MANAGER AND CHIEF LEGAL COUNSEL 12.00 29.00 X 326667 140000 6667 KEVIN BARRETT EXECUTIVE DIRECTOR 15.00 35.00 X 229305 98274 0 MR J PATRICK TIELBORG FORMER MANAGING (NOT A TRUSTEE) 0.00 0.00 X 0 273182 0 555972 511456 6667 2 1 1 0 AKIN GUMP STRAUSS HAUER & FELD LLP 1700 PACIFIC AVE SUITE 4100 DALLAS TX 75201 LEGAL SERVICES 285125 1 MEMBER CONTRIBUTIONS 900099 2378812 2378812 2378812 121567 121567 2500379 2378812 0 121567 747199 91433 7430 55684 47259 285125 14500 40694 2791 54055 1649771 16868 MARKET DEVELOPMENT 64772 SAFETY 42121 DUES AND SUBSCRIPTIONS 12387 MISCELLANEOUS 3639 3135728 102132 435650 6720276 6839676 163802 0 6986210 7275326 0 924465 0 924465 X 0 0 0 0 6986210 6350861 6986210 6350861 6986210 7275326 -635349 0 X 0 1 X 1 0 0 EXPENSE DEPOSIT WITH PLCA 924465 924465 X 2500379 0 2500379 0 2500379 3135728 0 3135728 0 3135728 PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE FOLLOWING IS THE TEXT FROM THE FOOTNOTES OF THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS: THE FUND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) OF THE INTERNAL REVENUE CODE (THE "CODE"), EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. IN ADDITION, THE FUND HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. FOR THE YEAR ENDED DECEMBER 31, 2019, THE FUND HAD NO MATERIAL NET UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAX HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FUND'S FINANCIAL STATEMENTS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. MANAGEMENT EVALUATED THE FUND'S TAX POSITIONS AND CONCLUDED THAT THE FUND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE AN ADJUSTMENT TO THE FINANCIAL STATEMENTS. HOWEVER, THE CONCLUSIONS REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. X 1 0 X X 0 1 0 ELIZABETH WORRELL MANAGER AND CHIEF LEGAL COUNSEL 326667 140000 0 0 0 0 0 0 4667 2000 331334 142000 0 0 KEVIN BARRETT EXECUTIVE DIRECTOR 229305 98274 0 0 0 0 0 0 0 0 229305 98274 0 0 MR J PATRICK TIELBORG FORMER MANAGING (NOT A TRUSTEE) 0 0 0 0 0 273182 0 0 0 0 0 273182 0 273182 SCHEDULE J, PART I LINE 4(B) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN J. PATRICK TIELBORG $191,227 FORM 990, PART V, LINE 2A: NUMBER OF EMPLOYEES THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES WHO RECEIVE FORM W-2. INSTEAD, THE ORGANIZATION REIMBURSES THE MANAGING DIRECTOR'S COMPENSATION PAID BY THE PIPE LINE CONTRACTORS ASSOCIATION, A RELATED ORGANIZATION, AS REPORTED ON SCHEDULE R, PART II. DURING THE FIRST HALF OF 2019 THE ORGANIZATION ALSO REIMBURSED COMPENSATION OF THE EXECUTIVE DIRECTOR, CHIEF LEGAL COUNSEL AND STAFF PAID BY AKIN GUMP STRAUSS HAUER & FELD, LLP, AN UNRELATED TAXABLE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW THE FORM 990 IS REVIEWED BY THE CHIEF LEGAL COUNSEL AND COMPTROLLER. DRAFT COPIES OF THE FORM 990 ARE PROVIDED TO THE GOVERNING BOARD BEFORE FILING. IF FURTHER REVIEW IS NEEDED, IT WOULD DEPEND ON THE ADVICE FROM THE INDEPENDENT AUDITOR FIRM. FORM 990, PART VI, SECTION B, LINE 12 WRITTEN CONFLICT OF INTEREST POLICY THE ORGANIZATION CURRENTLY DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY IN PLACE. HOWEVER, THE ORGANIZATION IS MANAGED BY AN ATTORNEY WHO MONITORS ALL ORGANIZATIONAL ACTIVITIES TO ENSURE THERE ARE NO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 DETERMINATION OF COMPENSATION AS REPORTED IN THE FOOTNOTES OF THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS, PLIAF AND PLCA HAD A THREE-YEAR EMPLOYMENT AGREEMENT WITH THEIR FORMER MANAGING DIRECTOR AND GENERAL COUNSEL, BEGINNING JANUARY 1, 2016. THE AGREEMENT PROVIDES FOR PRODUCTIVITY BONUS FOR PURCHASE OF AN ANNUITY. DURING JANUARY 2019, PLIAF AND PLCA PAID THE EMPLOYEE AN ADDITIONAL PRODUCTIVITY BONUS BASED UPON A PRESCRIBED FORMULA INVOLVING THE NUMBER OF UNITED ASSOCIATION MAN HOURS WORKED UNDER THE NATIONAL PIPE LINE AGREEMENT BETWEEN THE UNITED ASSOCIATION AND THE PIPE LINE CONTRACTORS ASSOCIATION FOR THE PREVIOUS 12 MONTHS. DURING JANUARY OF 2019, PLIAF AND PLCA PURCHASED FOR AND ON BEHALF OF THE EMPLOYEE, A NON-QUALIFIED IMMEDIATE DEFERRED ANNUITY CONTRACT FOR AN AGGREGATE PREMIUM EQUAL TO THE AMOUNT OF THE PRODUCTIVITY BONUS FOR THE PREVIOUS TWELVE MONTHS. PAYMENT OF ANNUITY BENEFITS UNDER THE CONTRACT SHALL COMMENCE ON THE DEFERRED ANNUITY DATE SPECIFIED IN THE ANNUITY CONTRACT, WHICH SHALL BE SEVEN YEARS AFTER THE DATE OF PURCHASE. THE EMPLOYEE IS THE OWNER OF THE ANNUITY CONTRACT, SUBJECT TO A RISK OF FORFEITURE. THE EMPLOYEE RETIRED ON DECEMBER 31, 2017. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE TO THE PUBLIC THE ORGANIZATION'S DOCUMENTS PERTAINING TO GOVERNANCE, CONFLICTS OF INTEREST, AND FINANCIAL STATEMENTS ARE MADE TO THE PUBLIC UPON REQUEST. PIPE LINE CONTRACTORS ASSOCIATION 3100 CLARENDON BLVD SUITE 620 ARLINGTON VA 22201 750756831 INDUSTRY ADVANCEMENT TX 501(C)(6) N/A N/A 0 PIPE LINE CONTRACTORS ASSOC SCHOLARSHIP 3100 CLARENDON BLVD SUITE 620 ARLINGTON VA 22201 752744096 SCHOLARSHIPS TX 501(C)(3) PF N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 NA