IBEW LOCAL 98 HEALTH & WELFARE FUND BOARD OF

Address
1719 SPRING GARDEN STREET
PHILADELPHIA, PA 191303915
Contact
Phone: +1 (215) 599-6436
Nonprofit
NTEE: Y43 - Voluntary Employees Beneficiary Associations (Non-Government)
EIN: 23-2082042

Mission

To provides hospitalization, surgical, medical, dental, vision, prescription drug, death, accidental death and dismemberment, and weekly disability benefits to eligible members (and dependents) of International Brotherhood of Electrical Workers Local Union No. 98.
 20172016201520142013
Basic features of the organization
Year of formation1953
Subsection code09
PF filing required0    
Metropolitan statistical area6162
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 employees8238322817
Number of people compensated >$100k00000
Number of volunteers00000
Number of highly compensated contractors4111 
Personnel
Acampora, Lou
TitleUNION TRUSTEE    
Name of key/compensated personLOU ACAMPORA    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Burrows, Brian
TitleUNION TRUSTEEUNION TRUSTEEUNION TRUSTEEUNION TRUSTEEUNION TRUSTEE
Name of key/compensated personBRIAN BURROWSBRIAN BURROWSBRIAN BURROWSBRIAN BURROWSBRIAN BURROWS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$107,127.00$99,380.00$91,039.00$74,658.00$62,962.00
Corresponding comp from related orgs
Reportable compensation from related orgs $185,773.00$173,406.00$146,838.00$138,463.00$151,894.00
Coppinger, Edward
TitleUNION TRUSTEEUNION TRUSTEEUNION TRUSTEEUNION TRUSTEEUNION TRUSTEE
Name of key/compensated personEDWARD COPPINGEREDWARD COPPINGEREDWARD COPPINGEREDWARD COPPINGEREDWARD COPPINGER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$90,135.00$80,972.00$88,737.00$73,807.00$62,962.00
Corresponding comp from related orgs
Reportable compensation from related orgs $152,919.00$141,298.00$143,124.00$136,438.00$149,682.00
Duff, Ed
TitleEMPLOYER TRUSTEEEMPLOYER TRUSTEEEMPLOYER TRUSTEEEMPLOYER TRUSTEEEMPLOYER TRUSTEE
Name of key/compensated personED DUFFED DUFFED DUFFED DUFFED DUFF
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
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
Kane, Michael
TitleUNION TRUSTEEUNION TRUSTEEUNION TRUSTEEUNION TRUSTEEUNION TRUSTEE
Name of key/compensated personMICHAEL KANEMICHAEL KANEMICHAEL KANEMICHAEL KANEMICHAEL KANE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
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
Myers, Ken
TitleEMPLOYER TRUSTEEEMPLOYER TRUSTEEEMPLOYER TRUSTEEEMPLOYER TRUSTEEEMPLOYER TRUSTEE
Name of key/compensated personKEN MYERSKEN MYERSKEN MYERSKEN MYERSKEN MYERS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
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
Scarpello, Jeff
TitleEMPLOYER TRUSTEEEMPLOYER TRUSTEEEMPLOYER TRUSTEEEMPLOYER TRUSTEEEMPLOYER TRUSTEE
Name of key/compensated personJEFF SCARPELLOJEFF SCARPELLOJEFF SCARPELLOJEFF SCARPELLOJEFF SCARPELLO
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$66,625.00$68,635.00$68,635.00$76,956.00$69,178.00
Corresponding comp from related orgs
Reportable compensation from related orgs $433,752.00$422,296.00$422,296.00$408,592.00$385,363.00
Smith, Doug
TitleEMPLOYER TRUSTEE    
Name of key/compensated personDOUG SMITH    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTo provides hospitalization, surgical, medical, dental, vision, prescription drug, death, accidental death and dismemberment, and weekly disability benefits to eligible members (and dependents) of International Brotherhood of Electrical Workers Local Union No. 98.To provides hospitalization, surgical, medical, dental, vision, prescription drug, death, accidental death and dismemberment, and weekly disability benefits to eligible members (and dependents) of International Brotherhood of Electrical Workers Local Union No. 98.TO PROVIDES HOSPITALIZATION, SURGICAL, MEDICAL, DENTAL, VISION, PRESCRIPTION DRUG, DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT, AND WEEKLY DISABILITY BENEFITS TO ELIGIBLE MEMBERS (AND DEPENDENTS) OF INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 98.TO PROVIDES HOSPITALIZATION, SURGICAL, MEDICAL, DENTAL, VISION, PRESCRIPTION DRUG, DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT, AND WEEKLY DISABILITY BENEFITS TO ELIGIBLE MEMBERS (AND DEPENDENTS) OF INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 98.TO PROVIDES HOSPITALIZATION, SURGICAL, MEDICAL, DENTAL, VISION, PRESCRIPTION DRUG, DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT, AND WEEKLY DISABILITY BENEFITS TO ELIGIBLE MEMBERS (AND DEPENDENTS) OF INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 98.
Programs, including revenue & expenses
THE FUND PROVIDES MEDICAL, HOSPITAL-SURGICAL, LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT, PRESCRIPTION, DENTAL, VISION AND DISABILITY BENEFITS FOR MEMBERS AND THIER DEPENDENTS.
Program descriptionTHE FUND PROVIDES MEDICAL, HOSPITAL-SURGICAL, LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT, PRESCRIPTION, DENTAL, VISION AND DISABILITY BENEFITS FOR MEMBERS AND THIER DEPENDENTS.THE FUND PROVIDES MEDICAL, HOSPITAL-SURGICAL, LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT, PRESCRIPTION, DENTAL, VISION AND DISABILITY BENEFITS FOR MEMBERS AND THIER DEPENDENTS.THE FUND PROVIDES MEDICAL, HOSPITAL-SURGICAL, LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT, PRESCRIPTION, DENTAL, VISION AND DISABILITY BENEFITS FOR MEMBERS AND THIER DEPENDENTS.THE FUND PROVIDES MEDICAL, HOSPITAL-SURGICAL, LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT, PRESCRIPTION, DENTAL, VISION AND DISABILITY BENEFITS FOR MEMBERS AND THIER DEPENDENTS.THE FUND PROVIDES MEDICAL, HOSPITAL-SURGICAL, LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT, PRESCRIPTION, DENTAL, VISION AND DISABILITY BENEFITS FOR MEMBERS AND THIER DEPENDENTS.
Financial data
Revenue
Total revenue$87,099,034.00$70,697,401.00$59,532,258.00$53,531,476.00$49,662,268.00
Revenue from contributions (total)  $0.00$0.00$0.00
Investment income, current yr$889,482.00$576,575.00$577,427.00$378,089.00$355,822.00
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$15,944.00$80,937.00$46,347.00$71,518.00$0.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$86,193,608.00$70,039,889.00$58,908,484.00$53,081,869.00$49,306,446.00
Gross receipts$229,034,086.00$103,432,805.00$122,402,606.00$116,878,951.00$94,204,591.00
Other types of revenue
Miscellaneous revenue (total)$15,944.00$80,937.00$46,347.00$71,518.00 
Income from dividends, interest, and similar investments$912,979.00$543,949.00$461,611.00$376,688.00$308,633.00
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$66,463,549.00$64,869,667.00$44,813,457.00$46,944,319.00$45,163,770.00
Fees for services
Legal fees (total)$60,102.00$61,174.00$55,199.00$108,560.00$129,756.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)$214,047.00$110,567.00$82,104.00$78,777.00$64,269.00
Assets and liabilities
Total assets$93,503,015.00$71,026,645.00$47,952,899.00$33,193,140.00$25,391,481.00
Total assets, beginning of year$71,026,645.00$47,952,899.00$33,193,140.00$25,391,481.00$20,476,901.00
Total liabilities$2,179,282.00$1,884,441.00$245,855.00$226,816.00$160,223.00
Total liabilities, beginning of year$1,884,441.00$245,855.00$226,816.00$160,223.00$203,550.00
Net assets$91,323,733.00$69,142,204.00$47,707,044.00$32,966,324.00$25,231,258.00
Net assets, beginning of year$69,142,204.00$47,707,044.00$32,966,324.00$25,231,258.00$20,273,351.00
Other liabilities$1,390,656.00$1,237,807.00   
Other assets$2,698,336.00$1,631,322.00$325,450.00$344,959.00$436,849.00
Investments: other securities$14,794,296.00$5,409,575.00$3,134,633.00$2,907,119.00$2,418,581.00
Investments: publicly traded securities$44,262,025.00$25,368,454.00$14,516,524.00$13,956,372.00$9,293,027.00
Cash: non-interest bearing$1,000,758.00$940,723.00$92,662.00$208,235.00$198,263.00
Cash: non-interest bearing, beginning of year$940,723.00$92,662.00$208,235.00$198,263.00$278,380.00
Other financial variables
Revenue less expenses$20,635,485.00$5,827,734.00$14,718,801.00$6,587,157.00$4,498,498.00
Savings & temp cash investment$21,866,719.00$28,363,737.00$22,794,734.00$8,720,147.00$7,157,595.00
Accounts receivable, net$8,830,872.00$9,260,185.00$7,070,493.00$7,034,222.00$5,799,962.00
Prepaid expenses & deferred charges$50,009.00$52,649.00$18,403.00$22,086.00$87,204.00
Accounts payable & accrued expenses$788,626.00$646,634.00$245,855.00$226,816.00$160,223.00
Total net assets or fund balances$91,323,733.00$69,142,204.00$47,707,044.00$32,966,324.00$25,231,258.00
Governance and accountability
Number of voting members86666
Number of independent voting members56666
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-05-042017-09-252016-07-272015-05-272014-05-01
IRS schema version2016v3.02015v3.02014v6.02013v4.02012v2.1
Filing identifier201811079349301706201721109349300822201601069349300710201521049349300032201401009349301000
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