IBEW LOCAL 1249 INSURANCE FUND

Address
6518 FREMONT ROAD
EAST SYRACUSE, NY 130579453
Contact
Phone: +1 (315) 656-8390
Nonprofit
NTEE: Y43 - Voluntary Employees Beneficiary Associations (Non-Government)
EIN: 15-6025162

Mission

TO PROVIDE INSURANCE COVERAGE TO PLAN PARTICIPANTS
 20162015201420132012
Basic features of the organization
Year of formation1960
Subsection code09
PF filing required0    
Metropolitan statistical area8160
Form of organization
TrustTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees10321120116212171173
Number of people compensated >$100k00000
Number of volunteers00000
Number of highly compensated contractors0000 
Personnel
Atkins, James
TitleTRUSTEETRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personJAMES C ATKINSJAMES C ATKINSJAMES C ATKINSJAMES C ATKINSJAMES C ATKINS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Boire, William
Title  TRUSTEETRUSTEETRUSTEE
Name of key/compensated person  WILLIAM BOIREWILLIAM BOIREWILLIAM BOIRE
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Brigham, Charles
Title  TRUSTEETRUSTEETRUSTEE
Name of key/compensated person  CHARLES BRIGHAMCHARLES BRIGHAMCHARLES BRIGHAM
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Dafoe, Daniel
TitlePLAN ADMINISTRATORPLAN ADMINISTRATORPLAN ADMINISTRATORPLAN ADMINISTRATORPLAN ADMINISTRATOR
Name of key/compensated personDANIEL DAFOEDANIEL DAFOEDANIEL DAFOEDANIEL DAFOEDANIEL DAFOE
Position of compensated person
Average hours per week working for org26.0026.0026.0026.0026.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$64,006.00$60,826.00$59,640.00$54,957.00$47,573.00
Corresponding comp from related orgs
Reportable compensation from related orgs $178,655.00$158,930.00$159,576.00$160,695.00$151,011.00
Gilchrist, Michael
TitleTRUSTEETRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personMICHAEL GILCHRISTMICHAEL GILCHRISTMICHAEL GILCHRISTMICHAEL GILCHRISTMICHAEL GILCHRIST
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Lamont, Scott
TitleTRUSTEETRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personSCOTT LAMONTSCOTT LAMONTSCOTT LAMONTSCOTT LAMONTSCOTT LAMONT
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Lawrence, Mark
TitleTRUSTEETRUSTEE   
Name of key/compensated personMARK LAWRENCEMARK LAWRENCE   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Moreira, Edwin
TitleTRUSTEETRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personEDWIN MOREIRA JREDWIN MOREIRA JREDWIN MOREIRA JREDWIN MOREIRA JREDWIN MOREIRA JR
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Westbrook, Henry
TitleTRUSTEETRUSTEE   
Name of key/compensated personHENRY H WESTBROOK IIIHENRY H WESTBROOK III   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE INSURANCE COVERAGE TO PLAN PARTICIPANTSTO PROVIDE INSURANCE COVERAGE TO PLAN PARTICIPANTSTO PROVIDE INSURANCE COVERAGE TO PLAN PARTICIPANTSTO PROVIDE INSURANCE COVERAGE TO PLAN PARTICIPANTSTO PROVIDE INSURANCE COVERAGE TO PLAN PARTICIPANTS
Programs, including revenue & expenses
THE PLAN IS A SELF INSURED WELFARE PLAN PROVIDING: ACCIDENTAL, HOSPITAL, MEDICAL, SURGICAL, OPTICAL, PRESCRIPTION, DEATH, DENTAL, LIFE INSURANCE, HARDSHIP PAY, DISABILITY, EDUCATION, CHILD CARE, VACATION, UNEMPLOYMENT, AND INSURANCE PREMIUMS TO PLAN PARTICIPANTS.
Program descriptionTHE PLAN IS A SELF INSURED WELFARE PLAN PROVIDING: ACCIDENTAL, HOSPITAL, MEDICAL, SURGICAL, OPTICAL, PRESCRIPTION, DEATH, DENTAL, LIFE INSURANCE, HARDSHIP PAY, DISABILITY, EDUCATION, CHILD CARE, VACATION, UNEMPLOYMENT, AND INSURANCE PREMIUMS TO PLAN PARTICIPANTS.THE PLAN IS A SELF INSURED WELFARE PLAN PROVIDING: ACCIDENTAL, HOSPITAL, MEDICAL, SURGICAL, OPTICAL, PRESCRIPTION, DEATH, DENTAL, LIFE INSURANCE, HARDSHIP PAY, DISABILITY, EDUCATION, CHILD CARE, VACATION, UNEMPLOYMENT, AND INSURANCE PREMIUMS TO PLAN PARTICIPANTS.THE PLAN IS A SELF INSURED WELFARE PLAN PROVIDING: ACCIDENTAL, HOSPITAL, MEDICAL, SURGICAL, OPTICAL, PRESCRIPTION, DEATH, DENTAL, LIFE INSURANCE, HARDSHIP PAY, DISABILITY, EDUCATION, CHILD CARE, VACATION, UNEMPLOYMENT, AND INSURANCE PREMIUMS TO PLAN PARTICIPANTS.THE PLAN IS A SELF INSURED WELFARE PLAN PROVIDING: ACCIDENTAL, HOSPITAL, MEDICAL, SURGICAL, LIFE INSURANCE, HARDSHIP PAY DISABILITY, EDUCATION, CHILD CARE, VACATION, UNEMPLOYMENT, AND INSURANCE PREMIUMS TO PLAN PARTICIPANTS.THE PLAN IS A SELF INSURED WELFARE PLAN PROVIDING: ACCIDENTAL, HOSPITAL, MEDICAL, SURGICAL, LIFE INSURANCE, HARDSHIP PAY DISABILITY, EDUCATION, CHILD CARE, VACATION, UNEMPLOYMENT, AND INSURANCE PREMIUMS TO PLAN PARTICIPANTS.
Financial data
Revenue
Total revenue$26,103,290.00$26,647,945.00$26,975,605.00$29,866,839.00$28,771,954.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$873,503.00$783,494.00$1,664,358.00$1,185,956.00$905,081.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$902,305.00$1,384,616.00$1,289,027.00$4,874,107.00$2,794,745.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$24,327,482.00$24,479,835.00$24,022,220.00$23,806,776.00$25,072,128.00
Gross receipts$38,430,805.00$40,266,110.00$38,201,111.00$35,266,890.00$34,396,051.00
Other types of revenue
Miscellaneous revenue (total)$902,305.00$1,384,616.00$1,289,027.00$4,874,107.00$2,794,745.00
Income from dividends, interest, and similar investments$770,719.00$990,278.00$1,339,543.00$1,180,941.00$774,344.00
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$29,132,215.00$23,133,824.00$25,034,849.00$23,266,215.00$21,721,134.00
Fees for services
Legal fees (total)$93,096.00$59,221.00$69,670.00$56,737.00$45,332.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)$157,076.00$186,791.00$195,836.00$167,075.00$127,392.00
Assets and liabilities
Total assets$45,047,110.00$47,941,469.00$45,233,639.00$43,446,714.00$36,767,167.00
Total assets, beginning of year$47,941,469.00$45,233,639.00$43,446,714.00$36,767,167.00$28,293,926.00
Total liabilities$601,632.00$635,712.00$362,400.00$397,881.00$898,346.00
Total liabilities, beginning of year$635,712.00$362,400.00$397,881.00$898,346.00$292,192.00
Net assets$44,445,478.00$47,305,757.00$44,871,239.00$43,048,833.00$35,868,821.00
Net assets, beginning of year$47,305,757.00$44,871,239.00$43,048,833.00$35,868,821.00$28,001,734.00
Other liabilities $0.00$53,404.00$40,371.00$66,164.00
Other assets$114,597.00$137,239.00$174,409.00$196,618.00$157,470.00
Investments: publicly traded securities$37,573,693.00$36,562,102.00$35,945,375.00$35,188,693.00$26,469,353.00
Cash: non-interest bearing$2,956,523.00$7,479,938.00$4,100,677.00$4,176,758.00$6,075,921.00
Cash: non-interest bearing, beginning of year$7,479,938.00$4,100,677.00$4,176,758.00$6,075,921.00$6,323,311.00
Other financial variables
Revenue less expenses-$3,028,925.00$3,514,121.00$1,940,756.00$6,600,624.00$7,050,820.00
Savings & temp cash investment$806,987.00$753,496.00$1,629,523.00$818,899.00$812,097.00
Accounts receivable, net$3,581,156.00$2,995,689.00$3,371,889.00$3,052,934.00$3,252,326.00
Prepaid expenses & deferred charges$14,154.00$13,005.00$11,766.00$12,812.00 
Accounts payable & accrued expenses$601,632.00$635,712.00$308,996.00$357,510.00$832,182.00
Total net assets or fund balances$44,445,478.00$47,305,757.00$44,871,239.00$43,048,833.00$35,868,821.00
Depreciation, depletion, amortization $10,713.00$10,236.00  
Governance and accountability
Number of voting members66666
Number of independent voting members66666
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-11-152017-01-102016-01-122014-10-242013-08-09
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.1
Filing identifier201722619349300107201612539349300706201512789349300626201411999349300616201301939349300710
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