PLUMBERS & PIPEFITTERS LOCAL 123 WELFARE FUND

Address
8657 BAYPINE RD BLDG 5 Suite 200
JACKSONVILLE, FL 32256
Contact
Phone: +1 (904) 538-0100
Nonprofit
NTEE: Y20 - Insurance Providers, Services
EIN: 59-6134275

Mission

TO PROVIDE HEALTH INSURANCE FOR ELIGIBLE PARTICIPANTS
 20162015201420132012
Basic features of the organization
Year of formation1958
Subsection code09
PF filing required0    
Metropolitan statistical area3600
Form of organization
TrustTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$0.00$0.00$0.00$0.00 
Sum of reportable (W2/1099) compensation  $168,518.00  
Number of employees0000 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE HEALTH INSURANCE FOR ELIGIBLE PARTICIPANTSTO PROVIDE HEALTH INSURANCE TO/FOR ELIGIBLE PARTICIPANTSTO PROVIDE HEALTH INSURANCE TO/FOR ELIGIBLE PARTICIPANTSTO PROVIDE HEALTH INSURANCE TO/FOR ELIGIBLE PARTICIPANTS 
Program service expenses, total$4,798,190.00$4,759,315.00$5,014,461.00$3,437,015.00 
Programs, including revenue & expenses
CIGNA ADMINISTRATIVE FEE
Program expenses$145,516.00$165,810.00   
Program descriptionCIGNA ADMINISTRATIVE FEECIGNA ADMINISTRATIVE FEES   
CIGNA DRUG DENTAL BENEFIT PAYMENTS
Program expenses  $1,098,707.00$824,265.00 
Program description  CIGNA DRUG DENTAL BENEFIT PAYMENTSCIGNA DRUG DENTAL BENEFITS PAID 
CLAIMS RX BENEFIT PAYMENTS
Program expenses$4,446,178.00$4,327,640.00$3,641,832.00$2,567,918.00 
Program descriptionCLAIMS RX BENEFIT PAYMENTSCLAIMS RX BENEFIT PAYMENTSSELF-FUBDED CLAIMS BENEFIT PAYMENTSSELF-FUNDED CLAIMS BENEFIT PAYMENTS 
STOP LOSS PREMIUMS
Program expenses$206,496.00$205,819.00$226,217.00  
Program descriptionSTOP LOSS PREMIUMSSTOP-LOSS PREMIUMSSTOP-LOSS PREMIUMS  
VISION SERVICE PREMIUMS
Program expenses   $44,832.00 
Program description   VISION SERVICE PREMIUMS 
Financial data
Revenue
Total revenue$5,249,821.00$4,902,192.00$4,529,472.00$4,318,516.00 
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$319,626.00$21,769.00$403,435.00$438,094.00 
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00 
Total unrelated business revenue$0.00$0.00$0.00$0.00 
Other revenue, current yr$0.00$0.00$0.00$3,240.00 
Program service revenue (total)$4,930,195.00$4,880,423.00$4,126,037.00$3,877,182.00$4,041,157.00
Gross receipts$5,249,821.00$4,902,192.00$4,529,472.00$4,318,516.00 
Other types of revenue
Miscellaneous revenue (total)   $3,240.00 
Income from dividends, interest, and similar investments$319,626.00$21,769.00$403,435.00$438,094.00 
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$5,059,059.00$5,035,511.00$5,302,821.00$3,680,391.00 
Total functional expenses: program service $4,798,190.00$4,759,315.00$5,014,461.00$3,437,015.00 
Total functional expenses: management and general$260,869.00$276,196.00$288,360.00$243,376.00 
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00 
Legal fees (total)$25,498.00$25,827.00$23,428.00$25,757.00 
Fundraising service fees (total)$0.00$0.00$0.00$0.00 
General management fees (total)$0.00$0.00$0.00$0.00 
Investment management fees (total)$12,569.00$7,604.00$11,163.00$13,168.00 
Assets and liabilities
Total assets$6,888,744.00$6,677,215.00$6,810,506.00$7,575,242.00$6,938,065.00
Total assets, beginning of year$6,677,215.00$6,810,506.00$7,575,242.00$6,938,065.00 
Total liabilities$47,145.00$26,378.00$26,350.00$17,737.00$18,692.00
Total liabilities, beginning of year$26,378.00$26,350.00$17,737.00$18,692.00 
Net assets$6,841,599.00$6,650,837.00$6,784,156.00$7,557,505.00 
Net assets, beginning of year$6,650,837.00$6,784,156.00$7,557,505.00$6,919,373.00 
Investments: publicly traded securities$4,891,218.00$4,868,289.00$4,862,937.00$5,621,166.00 
Other financial variables
Revenue less expenses$190,762.00-$133,319.00-$773,349.00$638,125.00 
Advertising (total)$0.00$0.00$0.00$0.00 
Savings & temp cash investment$1,180,994.00$971,559.00$1,281,901.00$1,348,909.00 
Accounts receivable, net$806,678.00$829,670.00$658,472.00$576,709.00 
Prepaid expenses & deferred charges$9,854.00$7,697.00$7,196.00$28,458.00 
Accounts payable & accrued expenses$47,145.00$26,378.00$26,350.00$17,737.00 
Total net assets or fund balances$6,841,599.00$6,650,837.00$6,784,156.00$7,557,505.00 
Depreciation, depletion, amortization$0.00$0.00$0.00$0.00 
Payment to affiliates$0.00$0.00$0.00$0.00 
Governance and accountability
Number of voting members8888 
Number of independent voting members8000 
Financial sheets auditedTrueTrueTrueTrue 
Accrual accountingTrueTrueTrueTrue 
Tax year start date2016-01-012015-01-012014-01-012013-01-01 
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990 
Date e-filing submitted2017-12-262017-02-212016-01-122014-11-26 
IRS schema version2016v3.02015v2.12014v5.02013v3.1 
Filing identifier201743109349301564201623079349300632201513019349300231201423059349300502 
Use these data in your project Benchmark this organization against its peers