Civic Intelligence

Plumbers' & Pipefitters' Welfare Educational Fund

EIN 43-0657966 • 501(c)9 • Earth City, MO

Profile

To provide health and welfare benefits and education to the members of the plumbers and pipefitters union local 562.

3640 Corporate Trail DriveEarth City, MO 63045

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.24x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

0.53x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Net Margin

65th percentile

10%

Higher net margin than 65% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

34th percentile

$240,165

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

$100M-$250M nonprofits • Source year 2024

Asset Growth

55th percentile

7.7%

Faster asset growth than 55% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

7.1%

Faster revenue growth than 55% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$203,907,806

Up $14,534,021 (+7.7%) from 2023

Liabilities

Down

$49,296,665

Down $2,039,861 (-4.0%) from 2023

Net Assets

Up

$154,611,141

Up $16,573,882 (+12%) from 2023

Revenue

Up

$93,399,347

Up $6,193,692 (+7.1%) from 2023

Expenses

Up

$83,602,786

Up $87,460 (+0.1%) from 2023

Net Income

Up

$9,796,561

Up $6,106,232 (+165%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2010: $106,361,762Liabilities 2010: $13,302,954Net Assets 2010: $93,058,8082010Assets 2011: $108,472,830Liabilities 2011: $12,308,852Net Assets 2011: $96,163,9782011Assets 2012: $115,286,668Liabilities 2012: $12,241,941Net Assets 2012: $103,044,7272012Assets 2013: $129,243,439Liabilities 2013: $12,827,064Net Assets 2013: $116,416,3752013Assets 2014: $140,990,078Liabilities 2014: $12,466,440Net Assets 2014: $128,523,6382014Assets 2015: $149,030,420Liabilities 2015: $12,232,358Net Assets 2015: $136,798,0622015Assets 2016: $165,556,830Liabilities 2016: $12,962,028Net Assets 2016: $152,594,8022016Assets 2017: $179,747,181Liabilities 2017: $14,537,359Net Assets 2017: $165,209,8222017Assets 2018: $172,297,918Liabilities 2018: $15,476,048Net Assets 2018: $156,821,8702018Assets 2019: $186,049,364Liabilities 2019: $37,967,479Net Assets 2019: $148,081,8852019Assets 2020: $184,567,017Liabilities 2020: $30,521,685Net Assets 2020: $154,045,3322020Assets 2021: $197,361,797Liabilities 2021: $41,892,470Net Assets 2021: $155,469,3272021Assets 2022: $175,996,074Liabilities 2022: $45,366,062Net Assets 2022: $130,630,0122022Assets 2023: $189,373,785Liabilities 2023: $51,336,526Net Assets 2023: $138,037,2592023Assets 2024: $203,907,806Liabilities 2024: $49,296,665Net Assets 2024: $154,611,1412024

Highlighted filing

2024

Assets$203,907,806
Liabilities$49,296,665
Net Assets$154,611,141

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2010: $59,887,0022010Expenses 2011: $59,035,5122011Expenses 2012: $58,330,9312012Revenue 2013: $69,105,329Expenses 2013: $53,772,769Net Income 2013: $15,332,5602013Revenue 2014: $67,211,445Expenses 2014: $55,248,136Net Income 2014: $11,963,3092014Revenue 2015: $71,392,243Expenses 2015: $56,015,337Net Income 2015: $15,376,9062015Revenue 2016: $78,484,833Expenses 2016: $65,067,597Net Income 2016: $13,417,2362016Revenue 2017: $74,449,790Expenses 2017: $65,548,364Net Income 2017: $8,901,4262017Revenue 2018: $73,817,803Expenses 2018: $74,580,849Net Income 2018: -$763,0462018Revenue 2019: $75,679,051Expenses 2019: $76,068,169Net Income 2019: -$389,1182019Revenue 2020: $69,816,854Expenses 2020: $73,339,960Net Income 2020: -$3,523,1062020Revenue 2021: $76,844,110Expenses 2021: $73,334,512Net Income 2021: $3,509,5982021Revenue 2022: $78,005,443Expenses 2022: $76,812,869Net Income 2022: $1,192,5742022Revenue 2023: $87,205,655Expenses 2023: $83,515,326Net Income 2023: $3,690,3292023Revenue 2024: $93,399,347Expenses 2024: $83,602,786Net Income 2024: $9,796,5612024

Highlighted filing

2024

Revenue$93,399,347
Expenses$83,602,786
Net Income$9,796,561

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$204$49.3$155$93.4$83.6$9.80
2023Detailed filing. Detailed filing data is available for this year.$189$51.3$138$87.2$83.5$3.69
2022Detailed filing. Detailed filing data is available for this year.$176$45.4$131$78.0$76.8$1.19
2021Detailed filing. Detailed filing data is available for this year.$197$41.9$155$76.8$73.3$3.51
2020Detailed filing. Detailed filing data is available for this year.$185$30.5$154$69.8$73.3$3.52
2019Detailed filing. Detailed filing data is available for this year.$186$38.0$148$75.7$76.1$0.39
2018Detailed filing. Detailed filing data is available for this year.$172$15.5$157$73.8$74.6$0.76
2017Detailed filing. Detailed filing data is available for this year.$180$14.5$165$74.4$65.5$8.90
2016Detailed filing. Detailed filing data is available for this year.$166$13.0$153$78.5$65.1$13.4
2015Detailed filing. Detailed filing data is available for this year.$149$12.2$137$71.4$56.0$15.4
2014Detailed filing. Detailed filing data is available for this year.$141$12.5$129$67.2$55.2$12.0
2013Detailed filing. Detailed filing data is available for this year.$129$12.8$116$69.1$53.8$15.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$12.2$103$58.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$108$12.3$96.2$59.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$106$13.3$93.1$59.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 29, 2025
Return Version
2024v5.2
Gross Receipts
$114,356,290
Mission and Program Overview

Mission

To provide health and welfare benefits and education to the members of the plumbers and pipefitters union local 562.

Provide health & related benefits to members of plumbers and pipefitters local 562

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$114,955,190$125,726,317▲ $10,771,127
Investments in Publicly Traded Securities$28,985,840$28,195,223▼ $790,617
Savings and Temporary Cash Investments$17,674,097$22,852,711▲ $5,178,614
Land, Buildings, and Equipment, Net$18,281,788$17,174,916▼ $1,106,872
Accounts Receivable$9,275,730$9,068,726▼ $207,004
Total Assets$189,373,785$203,907,806▲ $14,534,021
Other Assets Total$201,140$889,913▲ $688,773
Liabilities
Other Liabilities$48,973,930$46,694,361▼ $2,279,569
Accounts Payable and Accrued Expenses$2,362,596$2,602,304▲ $239,708
Total Liabilities$51,336,526$49,296,665▼ $2,039,861
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$138,037,259$154,611,141▲ $16,573,882
Total Net Assets Fund Balance$138,037,259$154,611,141▲ $16,573,882
Total Liabilities and Net Assets / Fund Balance$189,373,785$203,907,806▲ $14,534,021

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$13,077,376$2,658,813$15,736,189
Equipment$677,663$4,171,837$4,849,500
Buildings$820,997$3,399,082$4,220,079
Land$2,598,880-$2,598,880
Other Securities$106,872,120--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark J CollomExecutive DirectorFT$192,991$47,174$240,165
KEVIN J O'MARADirector of TrainingFT$174,391$31,343$205,734
Martin B McclimensInstructorFT$157,454$30,728$188,182
Thomas MaddenInstructorFT$142,063$28,673$170,736
Paul GallagherInstructorFT$138,128$28,087$166,215
Scott KielyInstructorFT$135,968$27,863$163,831
Michael V HepburnCertified Financial OfficeFT$132,300$28,077$160,377
Brian NicholsTrustee - See Schedule OPT$5,568-$5,568
JOHN J O'MARATrustee - See Schedule OPT$5,568-$5,568
MICHAEL J O'CONNELL IIITrustee - See Schedule OPT$5,568-$5,568
Mark V MorganTrustee - See Schedule OPT$5,568-$5,568
Richard M KellettTrustee - See Schedule OPT$5,568-$5,568
Dan LaughlinTrustee - See Schedule OPT$4,508-$4,508

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Edward Reh MdMedical1345 SMIZER MILL ROAD SUITE 1000, Fenton, MO 63026$277,255
Ann Herzog MdMedical816 S BEMISTON, Saint Louis, MO 63105$222,741
Rafi Kevorkian MdMedical522 N NEW BALLAS RD STE 317, Saint Louis, MO 63141$205,531
Quest DiagnosticsMedicalP O BOX 14730, Saint Louis, MO 63150$187,160
Anders Minkler Huber & HelmAudit And Tax Prep500 MARKET ST, Saint Louis, MO 63101$186,501
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$84,053,955
Investment Income
$7,735,631
Other Revenue
$1,609,761
Change in Net Assets
$9,796,561

Audited Revenue Reconciliation

Revenue per Audited Statements
$93,314,548
Revenue Not Reported on Financial Statements
$84,799
Revenue Not Reported on Form 990
$3,102,321
Total Revenue per Audited Statements
$96,416,869
Total Revenue per Form 990
$93,399,347
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,080,770
Other Expenses$8,618,920
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$64,903,096
Other Salaries and Wages---$7,742,165
Fees for Services Other---$3,797,784
Depreciation Depletion---$1,250,599
Pension Plan Contributions---$1,189,253
Payroll Taxes---$716,461
Insurance---$525,374
Current Officers, Directors, Trustees, and Key Employees---$432,891
Occupancy---$406,807
Office Expenses---$317,353
Information Technology---$284,289
Other Expenses---$217,494
Fees for Services Accounting---$186,501
All Other Expenses---$185,875
Fees for Services Legal---$148,332
Fees for Service Investment Mgmnt Fees---$84,799
Travel---$36,089
Total Functional Expenses$0$0$0$83,602,786

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$83,602,786
Expenses per Audited Statements$83,517,987
Total Expenses per Audited Statements$83,517,987
Expenses Not Reported on Financial Statements$84,799
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
KEVIN J O'MARABROTHER OF JOHN J. O'MARA, TRUSTEERECEIVED COMPENSATION AND NON-TAXABLE BENEFITS AS AN EMPLOYEE OF PLUMBERS AND PIPEFITTERS' WELFARE EDUCATIONAL FUNDNo$205,734
DANIEL R O'CONNELLBROTHER OF MICHAEL J. O'CONNELL III, TRUSTEERECEIVED COMPENSATION AND NON-TAXABLE BENEFITS AS AN EMPLOYEE OF PLUMBERS AND PIPEFITTERS' WELFARE EDUCATIONAL FUNDNo$162,872
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
ESTIMATED FUTURE BENEFITS BASED ON PARTICIPANTS' ACCUMULATED ELIGIBILITY$38,471,000
Claims Payable$4,575,000
Cash Overdraft$1,360,372
DUE TO PLUMBERS' & PIPEFITTERS' PENSION PLAN$1,102,658
DUE TO PLUMBERS' & PIPEFITTERS' SUPPLEMENTAL PENSION PLAN AND TRUST$1,071,923
DUE TO PLUMBERS' & PIPEFITTERS' LOCAL UNION 562$113,408
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

The 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 3

The 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 11B

A 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 12C

The 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 15

The 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 19

No 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, dan laughlin, 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.

Filing and Contact Details

Filer

Filer Name
PLUMBERS' & PIPEFITTERS' WELFARE
EIN
43-0657966
Phone
3143551000
Address
3640 CORPORATE TRAIL DRIVE, EARTH CITY, MO 63045

Signing Officer

Name
Mark J Collom
Title
Executive Director
Phone
3143551000
Signed
2025-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark J Collom
Formed
1951
Legal Domicile
Mo
Voting Board Members
10
Independent Board Members
8
Employees
917
Volunteers
0

Preparer

Firm
Anders Minkler Huber & Helm Llp
Address
800 MARKET STREET SUITE 500, ST LOUIS, MO 63101-2501
Preparer
Derek a Barnard CPA
Phone
3146555500
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 16

Reconciliation 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 $6,846,050 and which cannot be included in the financial statements issued under gaap. Total assets per form 990, part x, line 16: 203,907,806 add unrealized appreciation of long lived assets: 6,846,050 total assets per form 5500, schedule h, part i, line 1f: 210,753,856

FORM 990, PART XI, LINE 9:

Change in net benefit obligation 3,675,000.

Financial Statement Notes

PART X, LINE 2:

The 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, 2024 and 2023, 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 2021. 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.

Raw XML AppendixShowing 400 of 671 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/Form990PartVIISectionAGrp/PersonNm0JAMES J MURPHY JR
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN J O'MARA
IRS990/Form990PartVIISectionAGrp/PersonNm2MARK V MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm3DAN LAUGHLIN
IRS990/Form990PartVIISectionAGrp/PersonNm4BRIAN NICHOLS
IRS990/Form990PartVIISectionAGrp/PersonNm5RICHARD M KELLETT
IRS990/Form990PartVIISectionAGrp/PersonNm6NEIL G HABERBERGER
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN DELUCA
IRS990/Form990PartVIISectionAGrp/PersonNm8MICHAEL J O'CONNELL III
IRS990/Form990PartVIISectionAGrp/PersonNm9DENNIS CORRIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm10MARK J COLLOM
IRS990/Form990PartVIISectionAGrp/PersonNm11MICHAEL V HEPBURN
IRS990/Form990PartVIISectionAGrp/PersonNm12KEVIN J O'MARA
IRS990/Form990PartVIISectionAGrp/PersonNm13MARTIN B MCCLIMENS
IRS990/Form990PartVIISectionAGrp/PersonNm14THOMAS MADDEN
IRS990/Form990PartVIISectionAGrp/PersonNm15PAUL GALLAGHER
IRS990/Form990PartVIISectionAGrp/PersonNm16SCOTT KIELY
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE - SEE SCHEDULE O
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE - SEE SCHEDULE O
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE - SEE SCHEDULE O
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE - SEE SCHEDULE O
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE - SEE SCHEDULE O
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE - SEE SCHEDULE O
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CERTIFIED FINANCIAL OFFICE
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF TRAINING
IRS990/Form990PartVIISectionAGrp/TitleTxt13INSTRUCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14INSTRUCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15INSTRUCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16INSTRUCTOR
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IRS990/GoverningBodyVotingMembersCnt010
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt021511583
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IRS990/MissionDesc0TO PROVIDE HEALTH AND WELFARE BENEFITS AND EDUCATION TO THE MEMBERS OF THE PLUMBERS AND PIPEFITTERS UNION LOCAL 562.
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IRS990/OtherExpensesGrp/TotalAmt2275200
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ESTIMATED FUTURE BENEFITS BASED ON PARTICIPANTS' ACCUMULATED ELIGIBILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CLAIMS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO PLUMBERS' & PIPEFITTERS' LOCAL UNION 562
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO PLUMBERS' & PIPEFITTERS' SUPPLEMENTAL PENSION PLAN AND TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DUE TO PLUMBERS' & PIPEFITTERS' PENSION PLAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5CASH OVERDRAFT
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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, 2024 AND 2023, 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 2021. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017174916

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