Civic Intelligence

Kentucky Laborers District Council Health & Welfare Fund

990 • Fiscal year 2022 • EIN 23-7017526

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 11, 2023

1996 By-pass SouthLawrenceburg, KY 40342

(502) 839-8166

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.02x

Higher debt load relative to assets than 48% of similar nonprofits.

2022 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

48th percentile

0.04x

Higher debt load relative to revenue than 48% of similar nonprofits.

2022 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2022

Net Margin

63rd percentile

9.5%

Higher net margin than 63% of similar nonprofits.

2022 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2022

Asset Growth

73rd percentile

2.8%

Faster asset growth than 73% of similar nonprofits.

2022 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

66th percentile

4.6%

Faster revenue growth than 66% of similar nonprofits.

2022 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$33,958,983

Up $920,704 (+2.8%) from 2021

Net Assets

Up

$33,245,171

Up $730,762 (+2.2%) from 2021

Liabilities

Up

$713,812

Up $189,942 (+36%) from 2021

Revenue

Up

$20,361,283

Up $891,244 (+4.6%) from 2021

Expenses

Up

$18,431,465

Up $2,615,403 (+17%) from 2021

Net Income

Down

$1,929,818

Down $1,724,159 (-47%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $22,354,678Liabilities 2010: $160,689Net Assets 2010: $22,193,9892010Assets 2011: $21,336,869Liabilities 2011: $352,766Net Assets 2011: $20,984,1032011Assets 2012: $22,287,649Liabilities 2012: $249,617Net Assets 2012: $22,038,0322012Assets 2013: $26,507,845Liabilities 2013: $451,679Net Assets 2013: $26,056,1662013Assets 2014: $30,755,128Liabilities 2014: $479,680Net Assets 2014: $30,275,4482014Assets 2015: $31,342,881Liabilities 2015: $365,069Net Assets 2015: $30,977,8122015Assets 2016: $30,410,044Liabilities 2016: $794,074Net Assets 2016: $29,615,9702016Assets 2017: $25,865,286Liabilities 2017: $1,124,846Net Assets 2017: $24,740,4402017Assets 2018: $23,016,317Liabilities 2018: $1,029,134Net Assets 2018: $21,987,1832018Assets 2019: $25,441,958Liabilities 2019: $554,884Net Assets 2019: $24,887,0742019Assets 2020: $29,767,609Liabilities 2020: $504,319Net Assets 2020: $29,263,2902020Assets 2021: $33,038,279Liabilities 2021: $523,870Net Assets 2021: $32,514,4092021Assets 2022: $33,958,983Liabilities 2022: $713,812Net Assets 2022: $33,245,1712022Assets 2023: $38,623,854Liabilities 2023: $943,267Net Assets 2023: $37,680,5872023Assets 2024: $46,212,126Liabilities 2024: $884,937Net Assets 2024: $45,327,1892024

Highlighted filing

2022

Assets$33,958,983
Liabilities$713,812
Net Assets$33,245,171

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $17,836,0682010Expenses 2011: $17,737,5612011Expenses 2012: $17,670,5022012Revenue 2013: $20,289,685Expenses 2013: $17,124,489Net Income 2013: $3,165,1962013Revenue 2014: $24,242,238Expenses 2014: $20,571,389Net Income 2014: $3,670,8492014Revenue 2015: $24,917,863Expenses 2015: $24,082,914Net Income 2015: $834,9492015Revenue 2016: $23,963,585Expenses 2016: $25,564,374Net Income 2016: -$1,600,7892016Revenue 2017: $23,666,505Expenses 2017: $28,493,988Net Income 2017: -$4,827,4832017Revenue 2018: $22,823,152Expenses 2018: $24,559,100Net Income 2018: -$1,735,9482018Revenue 2019: $26,135,968Expenses 2019: $21,784,972Net Income 2019: $4,350,9962019Revenue 2020: $20,435,553Expenses 2020: $16,143,807Net Income 2020: $4,291,7462020Revenue 2021: $19,470,039Expenses 2021: $15,816,062Net Income 2021: $3,653,9772021Revenue 2022: $20,361,283Expenses 2022: $18,431,465Net Income 2022: $1,929,8182022Revenue 2023: $24,714,024Expenses 2023: $21,672,695Net Income 2023: $3,041,3292023Revenue 2024: $28,873,743Expenses 2024: $22,606,614Net Income 2024: $6,267,1292024

Highlighted filing

2022

Revenue$20,361,283
Expenses$18,431,465
Net Income$1,929,818
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 11, 2023
Return Version
2022v5.0
Gross Receipts
$39,724,776
Mission and Program Overview

Mission

Employee benefit plan providing accident, sickness, vision, dental, death and accidental death & dismemberment benefits for active participants and accident, sickness, vision, dental and death benefits for retired participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$32,514,409$33,245,171▲ $730,762
Investments in Publicly Traded Securities$28,060,128$29,286,392▲ $1,226,264
Accounts Receivable$2,381,474$2,418,503▲ $37,029
Cash and Non-Interest-Bearing Accounts$2,505,897$2,035,446▼ $470,451
Prepaid Expenses and Deferred Charges$81,201$80,562▼ $639
Land, Buildings, and Equipment, Net$9,579$5,033▼ $4,546
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$33,038,279$33,958,983▲ $920,704
Other Assets Total$0$133,047▲ $133,047
Liabilities
Accounts Payable and Accrued Expenses$523,870$582,962▲ $59,092
Other Liabilities$0$130,850▲ $130,850
Total Liabilities$523,870$713,812▲ $189,942
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,514,409$33,245,171▲ $730,762
Total Liabilities and Net Assets / Fund Balance$33,038,279$33,958,983▲ $920,704

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,033$95,528$100,561
Leasehold Improvements$0$28,610$28,610
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Anthem Blue Cross Blue ShieldRepricing Of Claims, Pre-certification3350 PEACHTREE ROAD NE, Atlanta, GA 30326$507,643
Solxsys Administrative SolutionsConsulting And Eligibility And Claims Pr755 W BIG BEAVER RD, Troy, MI 48084$199,589
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$20,309,686
Investment Income
$-23,410
Other Revenue
$75,007
Change in Net Assets
$1,929,818

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,361,283
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,199,056
Total Revenue per Audited Statements
$19,162,227
Total Revenue per Form 990
$20,361,283
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,225,773
Salaries, Compensation, and Employee Benefits$986,107
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$16,219,585
Other Salaries and Wages---$593,110
Fees for Services Other---$562,563
Pension Plan Contributions---$242,440
Information Technology---$160,679
Other Employee Benefits---$103,068
Fees for Service Investment Mgmnt Fees---$101,004
Office Expenses---$75,067
Fees for Services Legal---$73,841
Fees for Services Accounting---$67,431
Payroll Taxes---$47,489
Occupancy---$37,138
Insurance---$24,956
Conferences and Meetings---$11,473
Other Expenses---$7,653
Depreciation Depletion---$4,546
Total Functional Expenses$0$0$0$18,431,465

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,431,465
Total Expenses per Audited Statements$18,431,465
Total Expenses per Form 990$18,431,465
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$130,850
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by the fund auditor. It is reviewed by the fund attorney, fund consultant and fund administrator prior to presentation to the board of trustees. The board of trustees then review the form 990 before approval and signing. After approval and execution by board of trustees, the form 990 is filed. (in this case, it is e-filed by the fund auditor)

Form 990, Part VI, Section B, Line 12C

Each trustee or employee of the fund has the duty to disclose any actual or possible conflict of interest. Each trustee or employee must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the trustees delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the board of trustees will discuss and vote to determine if a conflict of interest exists. If a conflict of interest is determined to exist, the chairperson of the board of trustees shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. The board of trustees shall then determine whether the fund can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board of trustees shall determine by a majority vote of the disinterested trustees whether the transaction or arrangement is in the fund's best interest, for its own benefit, and whether it is fair and reasonable.

Form 990, Part VI, Section B, Line 15

In determining wage increases for fund employees, the trustees review the current and projected financial status of the fund, including current and projected administrative costs, and take into consideration the wages for similar positions in other taft-hartley trust funds, projected cost of living trends, and employees' work histories and job performances. The trustees have also implemented a policy wherein the administrator will perform annual job performance reviews for each fund employee. The fund trustees do not receive compensation of any kind. There is no ceo, executive director or top management official of this fund.

Form 990, Part VI, Section C, Line 19

They are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Kentucky Laborers District Council
EIN
23-7017526
Phone
5028398166
Address
1996 BY-PASS SOUTH, LAWRENCEBURG, KY 40342

Signing Officer

Name
Perry Blades
Title
Chairman
Phone
5028398166
Signed
2023-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Perry Blades
Formed
1967
Legal Domicile
Ky
Voting Board Members
9
Independent Board Members
9
Employees
9
Volunteers
10

Preparer

Firm
Mcm Cpas & Advisors Llp
Address
101 S FIFTH STREET SUITE 2100, LOUISVILLE, KY 40202
Preparer
Christine Keith CPA
Phone
5027491900
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The trust established under the plan to hold the plan's assets is intended to qualify pursuant to section 501(c)(9) of the internal revenue code ("irc"), and, accordingly, the trust's net investment income is exempt from income taxes. The trust has obtained a favorable tax determination letter dated may 14, 1969 from the internal revenue service ("irs"), and the plan administrator and the plan's tax counsel believe that the trust, as amended, continues to qualify and to operate in accordance with applicable provisions of the irc. U.s. Gaap requires plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The plan administrator has analyzed the tax positions taken by the plan, and has concluded that as of december 31, 2022 and 2021, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML AppendixShowing 400 of 1,956 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/LandBldgEquipCostOrOtherBssAmt0129171
IRS990/LegalDomicileStateCd0KY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt019363493
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EMPLOYEE BENEFIT PLAN PROVIDING ACCIDENT, SICKNESS, VISION, DENTAL, DEATH AND ACCIDENTAL DEATH & DISMEMBERMENT BENEFITS FOR ACTIVE PARTICIPANTS AND ACCIDENT, SICKNESS, VISION, DENTAL AND DEATH BENEFITS FOR RETIRED PARTICIPANTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt033245171
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-997453
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-997453
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1199056
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt037138
IRS990/OfficeExpensesGrp/TotalAmt075067
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0133047
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0103068
IRS990/OtherExpensesGrp/Desc0MAINTENANCE & SERVICE C
IRS990/OtherExpensesGrp/Desc1INTERNATIONAL FOUNDATIO
IRS990/OtherExpensesGrp/Desc2PCORI TAX
IRS990/OtherExpensesGrp/TotalAmt050409
IRS990/OtherExpensesGrp/TotalAmt149013
IRS990/OtherExpensesGrp/TotalAmt27653
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0130850
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0CONTRIBUTION RECORDS F
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt075007
IRS990/OtherRevenueTotalAmt075007
IRS990/OtherSalariesAndWagesGrp/TotalAmt0593110
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt047489
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0242440
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt081201
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt080562
IRS990/PrincipalOfficerNm0PERRY BLADES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1EMPLOYEE CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019426900
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1882786
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019426900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1882786
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt013637094
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0864146
IRS990/PYOtherExpensesAmt01194950
IRS990/PYOtherRevenueAmt0324150
IRS990/PYProgramServiceRevenueAmt018281743
IRS990/PYRevenuesLessExpensesAmt03653977
IRS990/PYSalariesCompEmpBnftPaidAmt0984018
IRS990/PYTotalExpensesAmt015816062
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt019470039
IRS990/ReconcilationRevenueExpnssAmt01929818
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt05033
IRS990ScheduleD/EquipmentGrp/DepreciationAmt095528
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0100561
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt018431465
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt028610
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt028610
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1199056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0130850
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt0-1199056
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt020361283
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S ASSETS IS INTENDED TO QUALIFY PURSUANT TO SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE ("IRC"), AND, ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE TRUST HAS OBTAINED A FAVORABLE TAX DETERMINATION LETTER DATED MAY 14, 1969 FROM THE INTERNAL REVENUE SERVICE ("IRS"), AND THE PLAN ADMINISTRATOR AND THE PLAN'S TAX COUNSEL BELIEVE THAT THE TRUST, AS AMENDED, CONTINUES TO QUALIFY AND TO OPERATE IN ACCORDANCE WITH APPLICABLE PROVISIONS OF THE IRC. U.S. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022 AND 2021, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05033
IRS990ScheduleD/TotalExpensesPerForm990Amt018431465
IRS990ScheduleD/TotalLiabilityAmt0130850
IRS990ScheduleD/TotalRevenuePerForm990Amt020361283
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt019162227
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018431465
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY THE FUND AUDITOR. IT IS REVIEWED BY THE FUND ATTORNEY, FUND CONSULTANT AND FUND ADMINISTRATOR PRIOR TO PRESENTATION TO THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES THEN REVIEW THE FORM 990 BEFORE APPROVAL AND SIGNING. AFTER APPROVAL AND EXECUTION BY BOARD OF TRUSTEES, THE FORM 990 IS FILED. (IN THIS CASE, IT IS E-FILED BY THE FUND AUDITOR)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH TRUSTEE OR EMPLOYEE OF THE FUND HAS THE DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. EACH TRUSTEE OR EMPLOYEE MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE BOARD OF TRUSTEES WILL DISCUSS AND VOTE TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE CHAIRPERSON OF THE BOARD OF TRUSTEES SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD OF TRUSTEES SHALL THEN DETERMINE WHETHER THE FUND CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OF TRUSTEES SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FUND'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN DETERMINING WAGE INCREASES FOR FUND EMPLOYEES, THE TRUSTEES REVIEW THE CURRENT AND PROJECTED FINANCIAL STATUS OF THE FUND, INCLUDING CURRENT AND PROJECTED ADMINISTRATIVE COSTS, AND TAKE INTO CONSIDERATION THE WAGES FOR SIMILAR POSITIONS IN OTHER TAFT-HARTLEY TRUST FUNDS, PROJECTED COST OF LIVING TRENDS, AND EMPLOYEES' WORK HISTORIES AND JOB PERFORMANCES. THE TRUSTEES HAVE ALSO IMPLEMENTED A POLICY WHEREIN THE ADMINISTRATOR WILL PERFORM ANNUAL JOB PERFORMANCE REVIEWS FOR EACH FUND EMPLOYEE. THE FUND TRUSTEES DO NOT RECEIVE COMPENSATION OF ANY KIND. THERE IS NO CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT OFFICIAL OF THIS FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THEY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd170
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd180
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd200
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd210
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd220
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd230
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd240
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd250
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd260
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd270
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd280
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd290
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd300
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd310
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd320
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd330
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd340
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd350
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd360
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd370
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd380
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd390
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd400
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd410
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd420
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd430
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd440
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd450
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd460
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd470
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd480
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd490
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd500
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd510
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd520
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd530
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd540
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd550
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd560
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd570
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd580
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd590
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd600
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd610
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd620
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd630
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd640
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd650
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd660
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd670
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd680
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd690
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd700
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd710
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd720
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd730
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd740
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd750
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd760
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd770

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.2$0.88$45.3$28.9$22.6$6.27
2023Detailed filing. Detailed filing data is available for this year.$38.6$0.94$37.7$24.7$21.7$3.04
2022Detailed filing. Detailed filing data is available for this year.$34.0$0.71$33.2$20.4$18.4$1.93
2021Detailed filing. Detailed filing data is available for this year.$33.0$0.52$32.5$19.5$15.8$3.65
2020Detailed filing. Detailed filing data is available for this year.$29.8$0.50$29.3$20.4$16.1$4.29
2019Detailed filing. Detailed filing data is available for this year.$25.4$0.55$24.9$26.1$21.8$4.35
2018Detailed filing. Detailed filing data is available for this year.$23.0$1.03$22.0$22.8$24.6$1.74
2017Detailed filing. Detailed filing data is available for this year.$25.9$1.12$24.7$23.7$28.5$4.83
2016Detailed filing. Detailed filing data is available for this year.$30.4$0.79$29.6$24.0$25.6$1.60
2015Detailed filing. Detailed filing data is available for this year.$31.3$0.37$31.0$24.9$24.1$0.83
2014Detailed filing. Detailed filing data is available for this year.$30.8$0.48$30.3$24.2$20.6$3.67
2013Detailed filing. Detailed filing data is available for this year.$26.5$0.45$26.1$20.3$17.1$3.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.3$0.25$22.0$17.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.3$0.35$21.0$17.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.4$0.16$22.2$17.8