IBEW Local 98 Health and Welfare Plan Board of is a fraternal society based in Philadelphia, PA that was founded in 1953. As of 2019 they had $91 million in revenue and $115 million in assets.
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 ...
Previous legal names or variations of their name include: Ibew Local 98 Health And Welfare Fund Board Of.
EIN:
23-2082042
City:
State:
Website:
Founded:
1953
Type:
501(c)(9)
NTEE:
Revenue:
$91,554,261
Assets:
$115,957,542
Employees:
0
Fiscal year end:
December
Program areas at IBEW Local 98 Health and Welfare Plan Board of
The fund provides medical, hospital-surgical, life and accidental death & dismemberment, prescription, dental, vision and disability benefits for members and thier dependents.
Form 990s for IBEW Local 98 Health and Welfare Plan Board of
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-12 | Feb 10, 2020 | 990O | View PDF |
| 2017-06 | May 14, 2018 | 990 | View PDF |
| 2016-06 | Sep 25, 2017 | 990O | View PDF |
| 2015-06 | Jul 27, 2016 | 990O | View PDF |
| 2014-06 | May 27, 2015 | 990O | View PDF |
| ...and four more Form 990 PDFs |
Financials for IBEW Local 98 Health and Welfare Plan Board of
| Field | 2018 |
|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising event contributions | $0 |
| Related organizations | $0 |
| Government grants (contributions) | $0 |
| Normal grants, contributions, etc. | $0 |
| <em>Non-cash contributions included in above</em> | $0 |
| Total grants, contributions, etc. | $0 |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | |
| Program services | $89,436,547 | $43,907,765 | 103.7% |
| Investment income and dividends | $2,251,877 | $848,908 | 165.3% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $-178,972 | $-59,694 | -199.8% |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $44,809 | $12,161 | 268.5% |
| Total revenues | $91,554,261 | $44,709,140 | 104.8% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $74,114,969 | $34,986,775 | 111.8% |
| Compensation of current officers, etc. | $0 | $0 | |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $0 | $0 | |
| Pension/retirement accruals and contributions | $0 | $0 | |
| Other employee benefits | $0 | $0 | |
| Payroll taxes | $0 | $0 | |
| Management fees | $0 | $0 | |
| Legal fees | $63,820 | $34,268 | 86.2% |
| Accounting fees | $93,386 | $38,701 | 141.3% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $226,775 | $99,585 | 127.7% |
| Other fee-for-service | $937,730 | $577,266 | 62.4% |
| Advertising and promotion | $0 | $0 | |
| Office expenses | $34,518 | $18,803 | 83.6% |
| Information tech. expenses | $0 | $0 | |
| Royalty expenses | $0 | $0 | |
| Occupancy | $0 | $0 | |
| Travel | $0 | $0 | |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $0 | $7,066 | -100% |
| Interest | $0 | $0 | |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $0 | $0 | |
| Insurance | $31,871 | $10,364 | 207.5% |
| All other expenses | $122,790 | $5,757 | 2032.9% |
| Total expenses | $75,625,859 | $35,778,585 | 111.4% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $743,594 | $563,243 | 32.0% |
| Savings, short-term investments, etc. | $27,586,213 | $32,142,496 | -14.2% |
| Pledges and grants receivable | $0 | $0 | |
| Accounts receivable | $8,861,835 | $8,099,941 | 9.4% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $41,620 | $42,342 | -1.7% |
| Buildings, equipment, etc. post-depreciation | $0 | $0 | |
| Investments, publicly traded securities | $57,362,787 | $45,224,069 | 26.8% |
| Investments, other securities | $19,373,411 | $15,796,820 | 22.6% |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $1,988,082 | $1,980,245 | 0.4% |
| Total assets | $115,957,542 | $103,849,156 | 11.7% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $982,832 | $705,223 | 39.4% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $0 | $0 | |
| Tax-exempt bond liabilities | $0 | $0 | |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $1,365,904 | $1,634,243 | -16.4% |
| Total liabilities | $2,348,736 | $2,339,466 | 0.4% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $0 | $0 | |
| Temporarily restricted net assets | $0 | $0 | |
| Permanently restricted net assets | $0 | $0 | |
Vendors for IBEW Local 98 Health and Welfare Plan Board of
| Vendor | Services | Amount paid | Date |
|---|
| WordPress | Content management system software | | 2019-12-17 |
| █████ █████████ ███ | Tax accounting | | 2019-11-15 |
| █████ █ ███████ ███ ██████████ ███ | Adminstration Services | $861,244 | 2018-12-01 |
| █████████ ██████████ ████████ | Investment Management | $106,725 | 2018-12-01 |
Personnel at IBEW Local 98 Health and Welfare Plan Board of
| Name | Title | Compensation | Most recent data |
|---|
| Brian Burrows | Union Trustee | $0 | Feb. 10, 2020 |
Peer fraternal organizations
| | Name | Type | Revenue | Location |
|---|
| 1 | Shared Services Health Plan Trust | 501(c)(9) | $44 million | Selinsgrove, PA |
| 2 | Eversource Energy Services Company Non-Union RET HEALTH-COMBINED | 501(c)(9) | $23 million | Pittsburgh, PA |
| 3 | VEBA Trust For Union Employees of Keyspan Corporation | 501(c)(9) | $61 million | Pittsburgh, PA |
| 4 | Pennsylvania Mountains Healthcare Alliance ASO-PA Mtns Hlthcare Alliance | 501(c)(9) | $80 million | Dubois, PA |
| 5 | KPMG LLP Health Plans Trust | 501(c)(9) | $289 million | Pittsburgh, PA |
| 6 | Pacific Gas & Electric Post Ret Med PL TR Mgt & Non-Barg Unit | 501(c)(9) | $46 million | Pittsburgh, PA |
| 7 | American Electric PWR System Retiree Life Insurance Trust | 501(c)(9) | $32 million | Pittsburgh, PA |
| 8 | Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health VEBA | 501(c)(9) | $78 million | Pittsburgh, PA |
| 9 | Enbridge Employee Services Inc Welfare Benefit Plans Trust | 501(c)(9) | $34 million | Pittsburgh, PA |
| 10 | Reed Smith Shaw and McClay Flex Ben Trust | 501(c)(9) | $35 million | Pittsburgh, PA |
| 11 | Sheet Metal Workers Health Fund of Local Union No 19 | 501(c)(9) | $62 million | Philadelphia, PA |
| 12 | Benefit Fund For Hospital And | 501(c)(9) | $53 million | Philadelphia, PA |
| 13 | Trust for Gte Bargained Retired Group Insurance | 501(c)(9) | $43 million | Pittsburgh, PA |
| 14 | Western Pennsylvania Teamsters and Employers Welfare | 501(c)(9) | $61 million | Bridgeville, PA |
| 15 | Northwestern Region Employee Benefit Trust | 501(c)(9) | $45 million | Erie, PA |
| 16 | Employee Benefit Trust of Bank of | 501(c)(9) | $137 million | Pittsburgh, PA |
| 17 | Bell Atlantic Retiree Life Insurance Plan Trust | 501(c)(9) | $265 million | Pittsburgh, PA |
| 18 | Lincoln Benefit Trust | 501(c)(9) | $134 million | New Oxford, PA |
| 19 | Voluntary Employees' Beneficiary Association Non-Union | 501(c)(9) | $62 million | Pittsburgh, PA |
| 20 | PG and E Post Retirement Medical Plan Trust Non-Management Employees and Retirees | 501(c)(9) | $169 million | Pittsburgh, PA |
| 21 | Rockwell Automation Veba Trust | 501(c)(9) | $95 million | Pittsburgh, PA |
| 22 | Laborer's District Council Building and Construction Industry H&W Fund | 501(c)(9) | $40 million | Philadelphia, PA |
| 23 | American Electric Power System Employees Benefit Trust | 501(c)(9) | $265 million | Pittsburgh, PA |
| 24 | Geico Corporation Welfare Plans Trust | 501(c)(9) | $420 million | Pittsburgh, PA |
| 25 | Bucks and Montgomery County Schools Health Care Consortium | 501(c)(9) | $185 million | Doylestown, PA |