Civic Intelligence

Insulators Local No 53 Welfare Fund

990 • Fiscal year 2011 • EIN 72-0455641

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 01, 2012

Organization ProfileN/A

View Organization Page

2001 Veterans Blvd70062
Siviq Scores

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

Liabilities / Assets

72nd percentile

0.16x

Higher debt load relative to assets than 72% of similar nonprofits.

2011 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

68th percentile

8.8%

Faster asset growth than 68% of similar nonprofits.

2011 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$4,599,092

Up $373,560 (+8.8%) from 2010

Net Assets

Up

$3,847,664

Up $631,520 (+20%) from 2010

Liabilities

Down

$751,428

Down $257,960 (-26%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$1,104,165

Down $595,581 (-35%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$10M$5.0M$0Assets 2010: $4,225,532Liabilities 2010: $1,009,388Net Assets 2010: $3,216,1442010Assets 2011: $4,599,092Liabilities 2011: $751,428Net Assets 2011: $3,847,6642011Assets 2012: $5,122,824Liabilities 2012: $655,527Net Assets 2012: $4,467,2972012Assets 2013: $5,383,681Liabilities 2013: $975,191Net Assets 2013: $4,408,4902013Assets 2014: $5,038,927Liabilities 2014: $872,627Net Assets 2014: $4,166,3002014Assets 2015: $4,636,154Liabilities 2015: $871,420Net Assets 2015: $3,764,7342015Assets 2016: $4,211,150Liabilities 2016: $847,481Net Assets 2016: $3,363,6692016Assets 2017: $4,904,561Liabilities 2017: $813,739Net Assets 2017: $4,090,8222017Assets 2018: $5,437,025Liabilities 2018: $795,000Net Assets 2018: $4,642,0252018Assets 2019: $6,190,184Liabilities 2019: $938,000Net Assets 2019: $5,252,1842019Assets 2020: $6,595,943Liabilities 2020: $603,000Net Assets 2020: $5,992,9432020Assets 2021: $7,546,204Liabilities 2021: $1,096,000Net Assets 2021: $6,450,2042021Assets 2022: $7,764,522Liabilities 2022: $1,180,683Net Assets 2022: $6,583,8392022Assets 2023: $8,227,715Liabilities 2023: $1,053,714Net Assets 2023: $7,174,0012023Assets 2024: $8,361,159Liabilities 2024: $1,064,549Net Assets 2024: $7,296,6102024

Highlighted filing

2011

Assets$4,599,092
Liabilities$751,428
Net Assets$3,847,664
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,699,7462010Expenses 2011: $1,104,1652011Revenue 2012: $1,660,171Expenses 2012: $1,059,550Net Income 2012: $600,6212012Revenue 2013: $1,611,319Expenses 2013: $1,642,157Net Income 2013: -$30,8382013Revenue 2014: $1,736,070Expenses 2014: $1,922,428Net Income 2014: -$186,3582014Revenue 2015: $1,693,086Expenses 2015: $2,011,834Net Income 2015: -$318,7482015Revenue 2016: $1,707,958Expenses 2016: $2,106,184Net Income 2016: -$398,2262016Revenue 2017: $1,912,648Expenses 2017: $1,265,020Net Income 2017: $647,6282017Revenue 2018: $2,020,581Expenses 2018: $1,280,083Net Income 2018: $740,4982018Revenue 2019: $1,761,617Expenses 2019: $1,462,401Net Income 2019: $299,2162019Revenue 2020: $1,706,266Expenses 2020: $1,187,171Net Income 2020: $519,0952020Revenue 2021: $2,490,512Expenses 2021: $1,900,007Net Income 2021: $590,5052021Revenue 2022: $2,735,176Expenses 2022: $1,625,159Net Income 2022: $1,110,0172022Revenue 2023: $1,745,222Expenses 2023: $1,369,561Net Income 2023: $375,6612023Revenue 2024: $2,056,370Expenses 2024: $1,958,528Net Income 2024: $97,8422024

Highlighted filing

2011

Revenue-
Expenses$1,104,165
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Nov 1, 2012
Return Version
2011v1.2
Gross Receipts
$1,742,767
Mission and Program Overview

Mission

The fund receives contributions from participating contractors/ members who employ members of the union. Contributions are received on each covered hour worked. These funds are used to provide health insurance benefits to eligible participants.

Major Activities

Activity 2
The fund provides a prescription drug card to eligible participants and their qualified dependents.
Activity 3
Payments are made to southern national life insurance company to provide death benefits for eligible participants.
Filing and Contact Details

Filer

EIN
72-0455641
Raw XML AppendixShowing 400 of 466 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.

Path#Value
IRS990/AccountantCompileOrReview0false
IRS990/AccountsPayableAccruedExpenses/BOY032502
IRS990/AccountsPayableAccruedExpenses/EOY013360
IRS990/AccountsReceivable/BOY0141405
IRS990/AccountsReceivable/EOY0115426
IRS990/ActivitiesConductedPartnership0false
IRS990/Activity2/Description0THE FUND PROVIDES A PRESCRIPTION DRUG CARD TO ELIGIBLE PARTICIPANTS AND THEIR QUALIFIED DEPENDENTS.
IRS990/Activity2/Expense0194944
IRS990/Activity3/Description0PAYMENTS ARE MADE TO SOUTHERN NATIONAL LIFE INSURANCE COMPANY TO PROVIDE DEATH BENEFITS FOR ELIGIBLE PARTICIPANTS.
IRS990/Activity3/Expense016619
IRS990/ActivityOrMissionDescription0THE FUND RECEIVES CONTRIBUTIONS FROM PARTICIPATING CONTRACTORS/ MEMBERS WHO EMPLOY MEMBERS OF THE UNION. CONTRIBUTIONS ARE RECEIVED ON EACH COVERED HOUR WORKED. THESE FUNDS ARE USED TO PROVIDE HEALTH INSURANCE BENEFITS TO ELIGIBLE PARTICIPANTS.
IRS990/Advertising/Total00
IRS990/AllAffiliatesIncluded0false
IRS990/AllOtherExpenses/Total00
IRS990/AnnualDisclosureCoveredPersons0true
IRS990/AuditCommittee0true
IRS990/BenefitsPaidToMembersCY0885628
IRS990/BenefitsPaidToMembersPriorYear01471429
IRS990/BenefitsToMembers/ProgramServices0885628
IRS990/BenefitsToMembers/Total0885628
IRS990/BsnssRltnshpThruFamilyMember0false
IRS990/BsnssRltnshpWithOrganization0false
IRS990/CapStckTrstPrinCurrentFunds/BOY03216144
IRS990/CapStckTrstPrinCurrentFunds/EOY03847664
IRS990/CashNonInterestBearing/BOY0109
IRS990/CashNonInterestBearing/EOY024058
IRS990/ChangesToOrganizingDocs0false
IRS990/CollectionsOfArt0false
IRS990/CompCurrentOfficersDirectors/ManagementAndGeneral020422
IRS990/CompCurrentOfficersDirectors/Total020422
IRS990/CompDisqualPersons/Total00
IRS990/CompensationFromOtherSources0false
IRS990/CompensationProcessCEO0false
IRS990/CompensationProcessOther0true
IRS990/ComplianceWithBackupWitholding0false
IRS990/ConferencesMeetings/Total00
IRS990/ConflictOfInterestPolicy0true
IRS990/ConservationEasements0false
IRS990/ConsolidatedAuditFinancialStmt0false
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine10PO BOX 26019 DEPT 7062
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City0BEAUMONT
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State0TX
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode0777206019
IRS990/ContractorCompensation/Compensation0194944
IRS990/ContractorCompensation/DescriptionOfServices0PHARMACY BENEFIT MGT
IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine10SCRIPT CARE
IRS990/ContributionsGrantsCurrentYear00
IRS990/CreditCounseling0false
IRS990/DecisionsSubjectToApproval0false
IRS990/DeductibleContributionsOfArt0false
IRS990/DeductibleNonCashContributions0false
IRS990/DelegationOfManagementDuties0true
IRS990/DepreciationDepletion/Total00
IRS990/DescribedIn501C30false
IRS990/Description0THE FUND PROVIDES MAJOR MEDICAL BENEFITS FOR HOSPITAL, DOCTOR , LAB AND DIAGNOSTIC HEALTH CARE TO ELIGIBLE PARTICIPANTS AND THEIR QUALIFIED DEPENDENTS.
IRS990/DisregardedEntity0false
IRS990/DistributionToDonor0false
IRS990/DocumentRetentionPolicy0true
IRS990/DonorAdvisedFunds0false
IRS990/DoNotFollowSFAS1170X
IRS990/ElectionOfBoardMembers0true
IRS990/EmploymentTaxReturnsFiled0true
IRS990/EscrowAccount0false
IRS990/ExcessBenefitTransaction0false
IRS990/ExcessBusinessHoldings0false
IRS990/Expense0674065
IRS990/FamilyOrBusinessRelationship0false
IRS990/FederalGrantAuditPerformed0false
IRS990/FederalGrantAuditRequired0false
IRS990/FeesForServicesAccounting/ManagementAndGeneral08395
IRS990/FeesForServicesAccounting/Total08395
IRS990/FeesForServicesInvstMgmntFees/ManagementAndGeneral05831
IRS990/FeesForServicesInvstMgmntFees/Total05831
IRS990/FeesForServicesLegal/ManagementAndGeneral04091
IRS990/FeesForServicesLegal/Total04091
IRS990/FeesForServicesLobbying/Total00
IRS990/FeesForServicesManagement/ManagementAndGeneral086346
IRS990/FeesForServicesManagement/Total086346
IRS990/FeesForServicesOther/ManagementAndGeneral044151
IRS990/FeesForServicesOther/Total044151
IRS990/FeesForServicesProfFundraising/Total00
IRS990/FiledLieu10410false
IRS990/FinancialStatementSeparate0X
IRS990/ForeignActivities0false
IRS990/ForeignFinancialAccount0false
IRS990/ForeignGrants/Total00
IRS990/ForeignOffice0false
IRS990/Form720Filed0false
IRS990/Form8886TFiled0false
IRS990/Form990PartVIISectionA/AverageHoursPerWeek01.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek11.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek21.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek31.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek41.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek51.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek61.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek740.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/KeyEmployee0X
IRS990/Form990PartVIISectionA/NamePerson0MICHAEL O'CONNOR
IRS990/Form990PartVIISectionA/NamePerson1SCOTT MCLEAN
IRS990/Form990PartVIISectionA/NamePerson2JOSEPH LOYACANO
IRS990/Form990PartVIISectionA/NamePerson3ANDY O'BRIEN
IRS990/Form990PartVIISectionA/NamePerson4CARL WILSON
IRS990/Form990PartVIISectionA/NamePerson5DAVID SCHUBER
IRS990/Form990PartVIISectionA/NamePerson6LEO DAMARIS
IRS990/Form990PartVIISectionA/NamePerson7JAMES PRATT
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/OtherCompensation74413
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization720422
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/Title0MGMT TRUSTEE
IRS990/Form990PartVIISectionA/Title1MGMT TRUSTEE
IRS990/Form990PartVIISectionA/Title2UNION TRUSTEE
IRS990/Form990PartVIISectionA/Title3ALT UNION TRUST
IRS990/Form990PartVIISectionA/Title4UNION TRUSTEE
IRS990/Form990PartVIISectionA/Title5MGMT TRUSTEE
IRS990/Form990PartVIISectionA/Title6Chairman
IRS990/Form990PartVIISectionA/Title7ADMINISTRATIVE MANAGER
IRS990/Form990ProvidedToGoverningBody0true
IRS990/Form990-TFiled0false
IRS990/FormersListed0false
IRS990/FSAudited0true
IRS990/FundraisingActivities0false
IRS990/GainOrLoss/Securities015619
IRS990/Gaming0false
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsToDomesticIndividuals/Total00
IRS990/GrantsToDomesticOrgs/Total00
IRS990/GrantsToIndividuals0false
IRS990/GrantsToOrganizations0false
IRS990/GrantToRelatedPerson0false
IRS990/GrossAmountSalesAssets/Securities015619
IRS990/GrossReceipts01742767
IRS990/GroupReturnForAffiliates0false
IRS990/Hospital0false
IRS990/IncomeFromInvestBondProceeds/TotalRevenueColumn00
IRS990/IndependentAuditFinancialStmt0true
IRS990/IndoorTanningServices0false
IRS990/InfoInScheduleOPartIII0X
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXI0X
IRS990/InformationTechnology/Total00
IRS990/Insurance/ManagementAndGeneral02990
IRS990/Insurance/Total02990
IRS990/IntangibleAssets/EOY00
IRS990/Interest/Total00
IRS990/InventoriesForSaleOrUse/EOY00
IRS990/InvestmentIncomeCurrentYear060047
IRS990/InvestmentIncome/ExclusionAmount044428
IRS990/InvestmentIncomePriorYear0167104
IRS990/InvestmentIncome/TotalRevenueColumn044428
IRS990/InvestmentInJointVenture0false
IRS990/InvestmentsOtherSecurities/BOY03463784
IRS990/InvestmentsOtherSecurities/EOY04015969
IRS990/InvestmentsProgramRelated/EOY00
IRS990/InvestmentsPubTradedSecurities/EOY00
IRS990/InvestTaxExemptBonds0false
IRS990/LandBldgEquipmentAccumDeprec0670
IRS990/LandBuildingsEquipmentBasis0670
IRS990/LandBuildingsEquipmentBasisNet/EOY00
IRS990/LicensedMoreThanOneState0false
IRS990/LoanToOfficerOrDQP0false
IRS990/LobbyingActivities0false
IRS990/LocalChapters0false
IRS990/MaterialDiversionOrMisuse0false
IRS990/MembersOrStockholders0true
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees0true
IRS990/MinutesOfGoverningBody0true
IRS990/MissionDescription0THE FUND RECEIVES CONTRIBUTIONS FROM PARTICIPATING CONTRACTORS/ MEMBERS WHO EMPLOY MEMBERS OF THE UNION. CONTRIBUTIONS ARE RECEIVED ON EACH COVERED HOUR WORKED. THESE FUNDS ARE USED TO PROVIDE HEALTH INSURANCE BENEFITS TO ELIGIBLE PARTICIPANTS.
IRS990/MoreThan5000KToIndividuals0false
IRS990/MoreThan5000KToOrganizations0false
IRS990/NbrIndependentVotingMembers07
IRS990/NbrVotingGoverningBodyMembers07
IRS990/NbrVotingMembersGoverningBody07
IRS990/NetAssetsOrFundBalancesBOY03216144
IRS990/NetAssetsOrFundBalancesEOY03847664
IRS990/NetGainOrLossInvestments/RelatedOrExemptFunctionIncome015619
IRS990/NetGainOrLossInvestments/TotalRevenueColumn015619
IRS990/NetIncomeFromFundraisingEvents/TotalRevenueColumn00
IRS990/NetIncomeFromGaming/TotalRevenueColumn00
IRS990/NetIncomeOrLoss/TotalRevenueColumn00
IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn00
IRS990/NoListedPersonsCompensated0X
IRS990/NonDeductibleContributions0false
IRS990/NonDeductibleDisclosure0false
IRS990/NumberFormsTransmittedWith109602
IRS990/NumberIndependentVotingMembers07
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K01
IRS990/NumberOfEmployees02
IRS990/NumberW2GIncluded00
IRS990/Occupancy/ManagementAndGeneral04903
IRS990/Occupancy/Total04903
IRS990/OfficeExpenses/ManagementAndGeneral04195
IRS990/OfficeExpenses/Total04195
IRS990/OfficerEntityWithBsnssRltnshp0false
IRS990/OfficerMailingAddress0false
IRS990/OnBehalfOfIssuer0false
IRS990/Organization501c0X
IRS990/OtherAssetsTotal/EOY00
IRS990/OtherEmployeeBenefits/ManagementAndGeneral05820
IRS990/OtherEmployeeBenefits/Total05820
IRS990/OtherExpensePriorYear0179762
IRS990/OtherExpensesCurrentYear0169133
IRS990/OtherExpenses/Description0TRUSTEE EXPENSES
IRS990/OtherExpenses/Description1TELEPHONE
IRS990/OtherExpenses/Description2Postage and Shipping
IRS990/OtherExpenses/Description3BANK CHARGES
IRS990/OtherExpenses/ManagementAndGeneral01915
IRS990/OtherExpenses/ManagementAndGeneral1992
IRS990/OtherExpenses/ManagementAndGeneral22250
IRS990/OtherExpenses/ManagementAndGeneral33074
IRS990/OtherExpenses/Total01915
IRS990/OtherExpenses/Total1992
IRS990/OtherExpenses/Total22250
IRS990/OtherExpenses/Total33074
IRS990/OtherLiabilities/BOY0976886
IRS990/OtherLiabilities/EOY0738068
IRS990/OtherNotesLoansReceivableNet/EOY00
IRS990/OtherRevenueCurrentYear00
IRS990/OtherSalariesAndWages/ManagementAndGeneral017790
IRS990/OtherSalariesAndWages/Total017790
IRS990/PartialLiquidation0false
IRS990/PaymentsToAffiliates/Total00
IRS990/PayrollTaxes/ManagementAndGeneral03163
IRS990/PayrollTaxes/Total03163
IRS990/PensionPlanContributions/ManagementAndGeneral02209
IRS990/PensionPlanContributions/Total02209
IRS990/PledgesAndGrantsReceivable/EOY00
IRS990/PoliciesReferenceChapters0false
IRS990/PoliticalActivities0false
IRS990/PrepaidExpensesDeferredCharges/EOY00
IRS990/PriorExcessBenefitTransaction0false
IRS990/ProfessionalFundraising0false
IRS990/ProgramServiceRevenue/BusinessCode0525100
IRS990/ProgramServiceRevenue/BusinessCode1525100
IRS990/ProgramServiceRevenueCY01682720
IRS990/ProgramServiceRevenue/Description0SELF PAY & RETIREE PREM
IRS990/ProgramServiceRevenue/Description1EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenuePriorYear01753965
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome0124769
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome11557951
IRS990/ProgramServiceRevenue/TotalRevenueColumn0124769
IRS990/ProgramServiceRevenue/TotalRevenueColumn11557951
IRS990/ProhibitedTaxShelterTrans0false
IRS990/ReceivablesFromDisqualPersons/EOY00
IRS990/ReceivablesFromOfficersEtc/EOY00
IRS990/ReconcilationOtherChanges0-7082
IRS990/ReconcilationRevenueExpenses0638602
IRS990/RegularMonitoringEnforcement0true
IRS990/RelatedEntity0true
IRS990/RelatedOrgControlledEntity0true
IRS990/ReportFin48Footnote0true
IRS990/ReportInvestOthSecurities0true
IRS990/ReportLandBldgEquip0false
IRS990/ReportOtherAssets0false
IRS990/ReportOtherLiabilities0true
IRS990/ReportProgRelInvest0false
IRS990/RevenuesLessExpensesCY0638602
IRS990/RevenuesLessExpensesPriorYear0221323
IRS990/RoyaltiesRevenue/TotalRevenueColumn00
IRS990/Royalties/Total00
IRS990/SalariesEtcCurrentYear049404
IRS990/SalariesEtcPriorYear048555
IRS990/SavingsAndTempCashInvestments/BOY0620234
IRS990/SavingsAndTempCashInvestments/EOY0443639
IRS990/ScheduleBRequired0false
IRS990ScheduleD/ExcessOrDeficitForYear0638602
IRS990ScheduleD/ExcessOrDeficitPerFS0631520
IRS990ScheduleD/ExpensesNotRptdOnFinStmt05831
IRS990ScheduleD/ExpensesSubtotal01098334
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0Accounting for the uncertainty of tax positions can impact the financial statements. Even though the Fund is exempt from income taxes, The Fund must still consider whether its exempt income and other activities of the Fund might be determined to be unrelated business income, and whether the Fund has properly maintained its tax exempt status. FASB ASC 740 (i.e. FIN # 48 ), published by the Financial Accounting Standards Board, addresses the issue of accounting for the uncertainty of material tax positions impacting the financial statements. The Board of Trustees has adopted the provisions of FASB ASC 740 effective December 31, 2008. The accounting for all material positions taken, or expected to be taken, on any income tax return is governed by FASB ASC 740. Income tax returns include those positions that were filed or that should have been filed with Federal taxing authorities. It is the Board of Trustees policy to assess all material postions taken on any federal income tax return. The Board will require its legal and tax counsel to communicate to them all such uncertain tax positions in order to evaluate the impact of the tax position and the reporting and disclosure required. The requirement will apply to not only the current reporting year but also to all prior open reporting years that could still be subject to examination by a taxing authority. The Board of Trustees has determined that any material uncertain tax positions that are presented to the Board of Trustees will be recognized and measured using a " more-likely-than-not ", (MLTN) threshold. The MLTN threshold means that;1. A benefit related to an uncertain tax position may not be recognized in the financial statements unless it is MLTN that the position will be sustained based on its technical merits, and 2. There must be more than a 50 % likelihood that the position would be sustained if challenged and considered by the highest court in the relevant jurisdiction.Measurement of any uncertain tax position will require calculating the cumulative probability of an outcome either for or against the tax position. The tax benefit of a qualifying position is the largest amount of tax benefit that is more than 50 % likely to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. Initial recognition of an uncertain tax position will require continued reassessment of the tax position on an annual basis. As of each year end any unresolved uncertain tax postions must be reassessed, and the Trustees must determine whether;1. the factors underlying the sustainability assertions have changed and,2. the amount of the recognized tax benefit is still appropriate.Developments such as case law, changes in tax law, new rulings or regulations issued by taxing authorities, could affect whether a tax position should be recognized or the amount that should be reported. The Fund will be required to accrue interest and penalties that, under present tax law, the Fund would incur if the uncertain tax position ultimately were not sustained.For the year ending December 31, 2011, no uncertain tax positions were determined to exist.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0Part X
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0Part X : FIN48 Footnote
IRS990ScheduleD/InvestmentExpensesNotIncluded05831
IRS990ScheduleD/InvestmentExpensesNotIncluded205831
IRS990ScheduleD/NetUnrealizedGainsInvestments0-7082
IRS990ScheduleD/NetUnrealizedGLOnInvestments0-7082
IRS990ScheduleD/OtherLandBuildings/Depreciation0670
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis0670
IRS990ScheduleD/OtherLiabilities/Amount0738068
IRS990ScheduleD/OtherLiabilities/Description0MEDICAL BENEFIT OBLIGATIONS
IRS990ScheduleD/RevenueNotRptdF9900-7082
IRS990ScheduleD/RevenueNotRptdOnFinStmt05831
IRS990ScheduleD/RevenueSubtotal01736936
IRS990ScheduleD/TotalAdjustments0-7082
IRS990ScheduleD/TotalExpenses01104165
IRS990ScheduleD/TotalExpensesPerForm99001104165
IRS990ScheduleD/TotalOfAmounts0738068
IRS990ScheduleD/TotalOfBookValueSecurities04015969
IRS990ScheduleD/TotalRevenue01742767
IRS990ScheduleD/TotalRevenuePerForm99001742767
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt01098334
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt01729854
IRS990/ScheduleJRequired0false
IRS990ScheduleO/GeneralExplanation/Explanation0UNREALIZED LOSS ON INVESTMENT ASSETS HELD AT 12/31/2011 TOTALED $ (7,082.00)
IRS990ScheduleO/GeneralExplanation/Explanation1A SUMMARY ANNUAL REPORT IS PREPARED ANNUALLY BY THE INDEPENDENT CPA FIRM WHO PREPARES THE FORM 990 AS WELL AS THE DOL FORM 5500. THIS SUMMARY ANNUAL REPORT, AS WELL AS THE ANNUAL AUDITED FINANCIAL STATEMENTS AND THE IRS FORM 990, IS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. THE SUMMARY ANNUAL REPORT IS MAILED ANNUALLY TO ALL PARTICIPANTS OF THE FUND AND TO ALL PARTICIPATING EMPLOYERS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FULL BOARD OF TRUSTEES MEET TO DISCUSS THE WAGES OF THE EMPLOYEES. THE FULL BOARD OF TRUSTEES VOTE ON THE WAGES FOR THOSE KEY EMPLOYEES.
IRS990ScheduleO/GeneralExplanation/Explanation3THE JOINT BOARD OF TRUSTEES MEETS QUARTERLY TO ADDRESS POLICY ISSUES, PLAN OF BENEFIT CHANGES, INVESTMENT POLICY REVIEW, POLICY DECISIONS, APPEAL OF BENEFITS, REVIEW OF EMPLOYER CONTRIBUTION REPORTS AND DELINQUENCIES, LEGAL COUNSEL REPORTS, AND FUND ADMINISTRATOR REPORTS. DURING THESE MEETINGS ANY ISSUES IMPACTING CONFLICT OF INTEREST OR PROHIBITIVE TRANSACTIONS WILL BE ADDRESSED BY THE JOINT BAORD OF TRUSTEES AND ACTED UPON.
IRS990ScheduleO/GeneralExplanation/Explanation4THE BOARD OF TRUSTEES RETAINS THE SERVICES OF AN INDEPENDENT PUBLIC ACCOUNTING FIRM TO PREPARE THE ANNUAL IRS FORM 990. THIS FIRM WILL PROVIDE A COPY OF THE COMPLETED FORM 990 TO THE CHAIRMAN OF THE BOARD OF TRUSTEES, THE FUND ADMINISTRATOR, AND THE INDIVIDUAL TRUSTEES OF THE BOARD UPON THEIR REQUEST FOR REVIEW AND APPROVAL. A COPY OF THIS RETURN WAS ALSO PROVIDED TO FUND COUNSEL FOR THEIR REVIEW.
IRS990ScheduleO/GeneralExplanation/Explanation5THE FUND IS MADE UP OF MEMBERS WHO'S ELIGIBILITY IS DETERMINED UNDER THE TERMS OF A COLLECTIVELY BARGAINED AGREEMENT ENTERED INTO BY THEIR RESPECTIVE EMPLOYERS AND ASBESTOS WORKERS LOCAL 53 UNION. THE FUND IS GOVERNED BY A JOINT BOARD OF TRUSTEES CONSISTING OF ELECTED MEMBERS OF THE LOCAL AND APPOINTED REPRESENTATIVES OF THE EMPLOYERS.
IRS990ScheduleO/GeneralExplanation/Explanation6A THIRD PARTY ADMINISTRATOR, SEI PRIVATE TRUST COMPANY, HAS BEEN RETAINED BY THE BOARD OF TRUSTEES TO HANDLE THE INVESTMENT/CUSTODIAN ADMINISTRATIVE DUTIES OF THE FUND. THOSE DUTIES INCLUDE PROCESSING INVESTMENT TRANSACTIONS AND REPORTS, AND VALUING INVESTMENT ASSETS.THE FUND ALSO RETAINS THE SERVICES OF ANOTHER THIRD PARTY ADMINISTRATOR TO PROVIDE CLAIMS MANAGEMENT, PROCESSING AND PAYMENT. THAT COMPANY IS BENEFIT MANAGEMENT SERVICES.THE FUND ALSO RETAINS THE SERVICES OF A THIRD PARTY ADMINISTRATOR TO PROVIDE PRESCRIPTION DRUG MANAGEMENT, PROCESSING AND PAYMENT. THAT COMPANY IS SCRIPT CARE.
IRS990ScheduleO/GeneralExplanation/Explanation7OTHER PROGRAM SERVICES 4: THE FUND RETAINS THE SERVICES OF A THIRD PARTY CONSULTANT TO PROVIDE CONSULTING SERVICES TO THE FUND. OTHER PROGRAM SERVICES 5: OTHER ADMINISTRATIVE AND CONSULTING COSTS ARE PROGRAM RELATED.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 15b
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Line 11
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Line 6
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part VI, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier6Form 990, Part III, Line 4d
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART XI, LINE 5
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Line 11: Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Part III, Line 4d : Other Program Services Description
IRS990/ScheduleORequired0true
IRS990ScheduleR/ExchangeOfAssets0false
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine102001 VETERANS BLVD 201
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0KENNER
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0LA
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode070062
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg0true
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityName/BusinessNameLine10YES
IRS990ScheduleR/Form990ScheduleRPartII/EIN0720542804
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(c)(9)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0LA
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10ASBESTOS WORKERS LOCAL 53 PENSION FUND
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0PENSION BENEFITS
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg0false
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg0false
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg0false
IRS990ScheduleR/OtherTransferFromOtherOrg0false
IRS990ScheduleR/OtherTransferToOtherOrg0false
IRS990ScheduleR/PerformOfServicesByOtherOrgs0false
IRS990ScheduleR/PerformOfServicesForOtherOrgs0false
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg0false
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties0false
IRS990ScheduleR/ReimbursementPaidByOtherOrg0false
IRS990ScheduleR/ReimbursementPaidToOtherOrg0false
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs0false
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs0true
IRS990ScheduleR/SaleOfAssetsToOtherOrg0false
IRS990ScheduleR/SharingOfFacilities0false
IRS990ScheduleR/SharingOfPaidEmployees0false
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved04903
IRS990ScheduleR/TransactionsRelatedOrgsTable/MethodOfAmtDetermination0COST
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine10ASBESTOS WORKERS LOCAL 53 PENSION FUND
IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType0i
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0LA
IRS990/SubjectToProxyTax0false
IRS990/TaxableDistributions0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine102001 VETERANS BLVD
IRS990/TheBooksAreInCareOf/AddressUS/City0SUITE
IRS990/TheBooksAreInCareOf/AddressUS/State0LA
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode070062
IRS990/TheBooksAreInCareOf/NamePerson0JAMES PRATT ADMINISTRATOR
IRS990/TheBooksAreInCareOf/TelephoneNumber05044689654
IRS990/TotalAssets/BOY04225532
IRS990/TotalAssetsBOY04225532
IRS990/TotalAssets/EOY04599092
IRS990/TotalAssetsEOY04599092
IRS990/TotalCompGT150K0false
IRS990/TotalContributions00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,599,092
Liabilities
$751,428
Net assets
$3,847,664
Revenue
-
Expenses
$1,104,165
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.36$1.06$7.30$2.06$1.96$0.10
2023Detailed filing. Detailed filing data is available for this year.$8.23$1.05$7.17$1.75$1.37$0.38
2022Detailed filing. Detailed filing data is available for this year.$7.76$1.18$6.58$2.74$1.63$1.11
2021Detailed filing. Detailed filing data is available for this year.$7.55$1.10$6.45$2.49$1.90$0.59
2020Detailed filing. Detailed filing data is available for this year.$6.60$0.60$5.99$1.71$1.19$0.52
2019Detailed filing. Detailed filing data is available for this year.$6.19$0.94$5.25$1.76$1.46$0.30
2018Detailed filing. Detailed filing data is available for this year.$5.44$0.80$4.64$2.02$1.28$0.74
2017Detailed filing. Detailed filing data is available for this year.$4.90$0.81$4.09$1.91$1.27$0.65
2016Detailed filing. Detailed filing data is available for this year.$4.21$0.85$3.36$1.71$2.11$0.40
2015Detailed filing. Detailed filing data is available for this year.$4.64$0.87$3.76$1.69$2.01$0.32
2014Detailed filing. Detailed filing data is available for this year.$5.04$0.87$4.17$1.74$1.92$0.19
2013Summary only. Only limited summary data is available for this year.$5.38$0.98$4.41$1.61$1.64$0.03
2012Summary only. Only limited summary data is available for this year.$5.12$0.66$4.47$1.66$1.06$0.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.60$0.75$3.85$1.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.23$1.01$3.22$1.70