IRONWORKERS DISTRICT COUNCIL OF NEW ENGLAND HEALTH & WELFARE FUND: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
IRONWORKERS DISTRICT COUNCIL OF NEW ENGLAND HEALTH & WELFARE FUND (EIN 04-2163872)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-10-17
IRS object ID
201112929349300311
Schema version
2010v3.2
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)
Timestamp2011-10-17T14:33:18-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1MANZI & ASSOCIATES LLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1855 TURNPIKE STREET STE 140AddressLine1
CityNORTH ANDOVERCity
StateMAState
ZIP Code01845ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN042163872EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1IRONWORKERS WELFARE NEW ENGLANDBusinessNameLine1
Business Name Line2HEALTH & WELFARE FUNDBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlIRONNameControl
Phone6172653757Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1161 GRANITE AVENUEAddressLine1
CityDORCHESTERCity
StateMAState
ZIP Code02124ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMIKE RUGGIERIName
TitleFUND ADMINISTRATORTitle
Phone6172653757Phone
Date Signed2011-10-17DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJEANNIE MICKELName
Phone9789751099Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonMIKE RUGGIERINameOfPrincipalOfficerPerson
Gross Receipts34347999GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteN/AWebSite
Type Of Organization TrustXTypeOfOrganizationTrust
Year Formation1952YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionTO PROVIDE MEDICAL BENEFITSActivityOrMissionDescription
Nbr Voting Members Governing Body6NbrVotingMembersGoverningBody
Nbr Independent Voting Members6NbrIndependentVotingMembers
Total Nbr Employees51TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year18080498ProgramServiceRevenuePriorYear
Program Service Revenue CY15677754ProgramServiceRevenueCY
Investment Income Prior Year870244InvestmentIncomePriorYear
Investment Income Current Year1201038InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year18950742TotalRevenuePriorYear
Total Revenue Current Year16878792TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year16866491BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY16399830BenefitsPaidToMembersCY
Salaries Etc Prior Year663393SalariesEtcPriorYear
Salaries Etc Current Year636133SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year2114005OtherExpensePriorYear
Other Expenses Current Year1741942OtherExpensesCurrentYear
Total Expenses Prior Year19643889TotalExpensesPriorYear
Total Expenses Current Year18777905TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-693147RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-1899113RevenuesLessExpensesCY
Total Assets BOY37207985TotalAssetsBOY
Total Assets EOY36607270TotalAssetsEOY
Total Liabilities BOY2826554TotalLiabilitiesBOY
Total Liabilities EOY2876248TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY34381431NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY33731022NetAssetsOrFundBalancesEOY
Mission DescriptionTO PROVIDE MEDICAL BENEFITSMissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
DescriptionTO PROVIDE MEDICAL BENEFITS TO MEMBERSDescription
Described In501 C30DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote0ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10961607NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees51NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members6NbrVotingGoverningBodyMembers
Number Independent Voting Members6NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy0ConflictOfInterestPolicy
Whistleblower Policy0WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonMIKE RUGGIERINamePerson
Telephone Number8006373736TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1161 GRANITE AVEAddressLine1
CityDORCHESTERCity
StateMAState
ZIP Code02124ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
RICK BARTLEY
TRUSTEE10.00XX000
RUSSELL ANDERSON
TRUSTEE10.00XX000
JAY HURLEY
TRUSTEE10.00XX000
ROY COULOMBE
TRUSTEE10.00XX000
DANIEL KOURY
TRUSTEE10.00XX000
MIKE DURANT
TRUSTEE10.00XX000
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation0TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
EMPLOYER9000991314519313145193
EMPLOYEE90009925325612532561
FieldValueIRS element (for citing)
Total Program Service Revenue15677754TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column1096825TotalRevenueColumn
Exclusion$1,096,825ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities17573420Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities17469207Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities104213Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column104213TotalRevenueColumn
Related Or Exempt Function Income104213RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column16878792TotalRevenueColumn
Related Or Exempt Function Income15781967RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$1,096,825ExclusionAmount

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total16399830Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total36090Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total477248Total

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total73021Total

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total49774Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total113799Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total44329Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total109378Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total47629Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total65000Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total22859Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total10164Total

Insurance Insurance

FieldValueIRS element (for citing)
Total17183Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotal
UTILIZATION REVIEW916711
STOP LOSS PREMIUMS134761
CONSULTANT114678
COMPLIANCE87755
COMPUTER35671

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total22025Total

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total18777905Total

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY97596BOY
EOY91234EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY2606668BOY
EOY2907123EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY1451810BOY
EOY946736EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis1730056LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec1447138LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY193908BOY
EOY282918EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY31634010BOY
EOY31502845EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY1223993BOY
EOY876414EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY37207985BOY
EOY36607270EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY126263BOY
EOY290265EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

FieldValueIRS element (for citing)
BOY33172BOY
EOY23695EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY2667119BOY
EOY2562288EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY2826554BOY
EOY2876248EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY34381431BOY
EOY33731022EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY34381431BOY
EOY33731022EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY37207985BOY
EOY36607270EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses-1899113ReconcilationRevenueExpenses
Reconcilation Other Changes1248704ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis65361OtherCostOrOtherBasis
Depreciation23463Depreciation
Book Value41898BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis1664695OtherCostOrOtherBasis
Depreciation1423675Depreciation
Book Value241020BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings282918TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionEST. INCURRED BUT UNREPORTED CLAIMS PAYABLEDescription
Amount$2,562,288Amount
FieldValueIRS element (for citing)
Total Of Amounts2562288TotalOfAmounts
Total Revenue16878792TotalRevenue
Total Expenses18777905TotalExpenses
Excess Or Deficit For Year-1899113ExcessOrDeficitForYear
Net Unrealized GL On Investments1248704NetUnrealizedGLOnInvestments
Other-$104,831OtherAmount
Total Adjustments1143873TotalAdjustments
Excess Or Deficit Per FS-755240ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt18018118TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments1248704NetUnrealizedGainsInvestments
Revenue Not Rptd F9901248704RevenueNotRptdF990
Revenue Subtotal16769414RevenueSubtotal
Investment Expenses Not Included109378InvestmentExpensesNotIncluded
Revenue Not Rptd On Fin Stmt109378RevenueNotRptdOnFinStmt
Total Revenue Per Form99016878792TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt18773358TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal18773358ExpensesSubtotal
Investment Expenses Not Included2109378InvestmentExpensesNotIncluded2
Other Expenses Not Included-104831OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt4547ExpensesNotRptdOnFinStmt
Total Expenses Per Form99018777905TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

FieldValueIRS element (for citing)
IdentifierPART XI, LINE 8 - OTHER ADJUSTMENTS:Identifier
ExplanationNET CHANGE IN BENEFIT OBLIGATION -104,831.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
FORM 990, PART VI, SECTION A, LINE 6COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN OF IRON WORKERS LOCAL UNIONS WITHIN THE DISTRICT COUNCIL.
FORM 990, PART VI, SECTION B, LINE 11BOARD OF TRUSTEES HAS GIVEN AUTHORITY TO THE FUND ADMINISTRATOR TO REVIEW ALL TAX DOCUMENTATION BEFORE FILING.
PLAN IS SUBJECT TO THE CONFLICTS OF INTEREST REQ. OF ERISAPLAN IS SUBJECT TO THE CONFLICTS OF INTEREST REQ. OF ERISACONFLICT OF INTEREST POLICY
TRUSTEES RECEIVE NO COMPENSATION. BOARD OF TRUSTEES REVIEWS KEY EMPLOYEES COMPENSATION WITH COMPARABILITY DATA ANNUALLY.FORM 990, PART VI, SECTION B, LINE 15
GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS OF THE PLAN ARE AVAILABLE UPON REQUEST.FORM 990, PART VI, SECTION C, LINE 19
CHANGES IN NET ASSETS OR FUND BALANCES:NET UNREALIZED GAINS ON INVESTMENTS: 1,248,704.FORM 990, PART XI, LINE 5:

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