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INSULATORS LOCAL NO 53 WELFARE FUND: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
INSULATORS LOCAL NO 53 WELFARE FUND (EIN 72-0455641)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-10-14
IRS object ID
201522879349301372
Schema version
2014v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-10-14T15:21:29-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TED SOILEAU CPA LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12133 Silverside Dr Ste CAddressLine1Txt
CityBaton RougeCityNm
State AbbreviationLAStateAbbreviationCd
ZIP70808ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN720455641EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INSULATORS LOCAL NO 53 WELFARE FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlINSUBusinessNameControlTxt
Phone5044689654PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12001 VETERANS BLVDAddressLine1Txt
CityKENNERCityNm
State AbbreviationLAStateAbbreviationCd
ZIP70062ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLEO DAMARISPersonNm
Person TitleChairmanPersonTitleTxt
Signature2015-10-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTED A SOILEAUPreparerPersonNm
PTINP00852991PTIN
Phone2257667910PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts$4,402,913GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
All Affiliates IncludedfalseAllAffiliatesIncludedInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1953FormationYr
Legal Domicile StateLALegalDomicileStateCd
Activity Or MissionTHE 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.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers7TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$1,542,200PYProgramServiceRevenueAmt
CY Program Service Revenue$1,616,319CYProgramServiceRevenueAmt
PY Investment Income$69,119PYInvestmentIncomeAmt
CY Investment Income$119,751CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,611,319PYTotalRevenueAmt
CY Total Revenue$1,736,070CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$1,386,897PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$1,415,970CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$58,772PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$62,039CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$196,488PYOtherExpensesAmt
CY Other Expenses$444,419CYOtherExpensesAmt
PY Total Expenses$1,642,157PYTotalExpensesAmt
CY Total Expenses$1,922,428CYTotalExpensesAmt
PY Revenues Less Expenses-$30,838PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$186,358CYRevenuesLessExpensesAmt
Total Assets BOY$5,383,681TotalAssetsBOYAmt
Total Assets EOY$5,038,927TotalAssetsEOYAmt
Total Liabilities BOY$975,191TotalLiabilitiesBOYAmt
Total Liabilities EOY$872,627TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,408,490NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,166,300NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE 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.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,118,758ExpenseAmt
DescTHE FUND PROVIDES MAJOR MEDICAL BENEFITS FOR HOSPITAL, DOCTOR , LAB AND DIAGNOSTIC HEALTH CARE TO ELIGIBLE PARTICIPANTS AND THEIR QUALIFIED DEPENDENTS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$297,771ExpenseAmt
DescTHE FUND PROVIDES A PRESCRIPTION DRUG CARD TO ELIGIBLE PARTICIPANTS AND THEIR QUALIFIED DEPENDENTS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$151,260ExpenseAmt
DescSTOP LOSS INSURANCE COVERAGEDesc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$226,406TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$1,794,195TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee2EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Org Filed In Lieu Of Form1041falseOrgFiledInLieuOfForm1041Ind
Licensed More Than One StatefalseLicensedMoreThanOneStateInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (true)DelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJAMES PRATT ADMINISTRATORPersonNm
Phone5044689654PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12001 VETERANS BLVDAddressLine1Txt
CitySUITECityNm
State AbbreviationLAStateAbbreviationCd
ZIP70062ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeInd
LEO DAMARIS
Chairman1.000.00Yes (X)$0$0$0
SCOTT MCLEAN
MGMT TRUSTEE1.000.00Yes (X)$0$0$0
DAVID SCHUBER
MGMT TRUSTEE1.000.00Yes (X)$0$0$0
CARL WILSON
UNION TRUSTEE1.000.00Yes (X)$0$0$0
ANDY O'BRIEN
ALT UNION TRUST1.000.00Yes (X)$0$0$0
JOSEPH LOYACANO
UNION TRUSTEE1.000.00Yes (X)$0$0$0
MICHAEL O'CONNOR
MGMT TRUSTEE1.000.00Yes (X)$0$0$0
JAMES PRATT
ADMINISTRATIVE MANAGER20.0020.00$24,799$74,773$28,281Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$24,799TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$74,773TotReportableCompRltdOrgAmt
Total Other Compensation$28,281TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
SCRIPT CARE
PO BOX 26019 DEPT 7062BEAUMONTTX777206019PHARMACY BENEFIT MGT$10,308
BCBS
5525 REITZ AVEBATON ROUGELA70809MAJOR MEDICAL, RX$88,061
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Total Contributions$0TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EMPLOYER CONTRIBUTIONS525100$1,549,186$1,549,186
SELF PAY & RETIREE PREM525100$67,133$67,133
FieldValueIRS element (for citing)
Total Program Service Revenue$1,616,319TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$73,860TotalRevenueColumnAmt
Exclusion$73,860ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,712,734SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,666,843SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$45,891SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$45,891TotalRevenueColumnAmt
Related Or Exempt Func Income$45,891RelatedOrExemptFuncIncomeAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,736,070TotalRevenueColumnAmt
Related Or Exempt Func Income$1,662,210RelatedOrExemptFuncIncomeAmt
Exclusion$73,860ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$1,415,970TotalAmt
Program Services$1,415,970ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$24,799TotalAmt
Management And General$24,799ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$20,558TotalAmt
Management And General$20,558ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$6,706TotalAmt
Management And General$6,706ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$6,488TotalAmt
Management And General$6,488ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$3,488TotalAmt
Management And General$3,488ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$88,061TotalAmt
Program Services$88,061ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$12,934TotalAmt
Management And General$12,934ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$14,574TotalAmt
Management And General$14,574ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$10,344TotalAmt
Management And General$10,344ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$45,690TotalAmt
Program Services$45,690ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,539TotalAmt
Management And General$5,539ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,396TotalAmt
Management And General$1,396ManagementAndGeneralAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$4,903TotalAmt
Management And General$4,903ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,652TotalAmt
Management And General$2,652ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
STOP LOSS$151,260$151,260
RECIPROCAL TRANSFERS$55,981$55,981
PCORIC$37,233$37,233
TRUSTEE EXPENSES$10,548$10,548

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,304TotalAmt
Management And General$3,304ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,922,428TotalAmt
Program Services$1,794,195ProgramServicesAmt
Management And General$128,233ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$600,884BOYAmt
EOY$266,345EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$160,899BOYAmt
EOY$102,985EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$670LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$670LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$4,621,898BOYAmt
EOY$4,669,597EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,383,681BOYAmt
EOY$5,038,927EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$20,191BOYAmt
EOY$1,627EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$955,000BOYAmt
EOY$871,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$975,191BOYAmt
EOY$872,627EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$4,408,490BOYAmt
EOY$4,166,300EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,408,490BOYAmt
EOY$4,166,300EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,383,681BOYAmt
EOY$5,038,927EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$186,358ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$55,832NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$670OtherCostOrOtherBasisAmt
Depreciation$670DepreciationAmt
FieldValueIRS element (for citing)
Total Book Value Securities$4,669,597TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMEDICAL BENEFIT OBLIGATIONSDesc
Amt$871,000Amt
FieldValueIRS element (for citing)
Total Liability$871,000TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,613,909TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$55,832NetUnrealizedGainsInvstAmt
Revenue Not Reported-$55,832RevenueNotReportedAmt
Revenue Subtotal$1,669,741RevenueSubtotalAmt
Investment Expenses Not Incld$10,344InvestmentExpensesNotIncldAmt
Other Revenues Not Included$55,985OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$66,329RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,736,070TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,856,101TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$1,856,101ExpensesSubtotalAmt
Investment Expenses Not Incld2$10,344InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$55,983OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$66,327ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,922,428TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part X : FIN48 FootnoteAccounting 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, 2014, no uncertain tax positions were determined to exist.
Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/SRECIPROCAL TRANSFERS $55985
Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/SRECIPROCAL TRANSFERS $55983

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 4d: Other Program Services DescriptionOTHER 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. OTHER PROGRAM SERVICES 6: STOP LOSS INSURANCE COVERAGE OTHER PROGRAM SERVICES 7: RECIPROCAL EMPLOYER CONTRIBUTION TRANSFERS OTHER PROGRAM SERVICES 8: PCORIC HEALTH CARE FEE AFFORDABLE CARE ACT
Form 990, Part VI, Line 3: Description of Delegated Duties to Management CompanyA 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.
Form 990, Part VI, Line 6: Explanation of Classes of Members or ShareholderTHE 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.
Form 990, Part VI, Line 11b: Form 990 Review ProcessTHE 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.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of ConflictsTHE 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.
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key EmployeesTHE 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.
Form 990, Part VI, Line 19: Other Organization Documents Publicly AvailableA 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, ARE 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.
FORM 990, PART XI, LINE 5UNREALIZED LOSS ON INVESTMENT ASSETS HELD AT 12/31/2014 TOTALED $ 55,832 .

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (17 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndPublic Charity StatusPublicCharityStatusTxt
INSULATORS LOCAL NO 53 PENSION FUND
2001 VETERANS BLVD SUITE 201KENNERLA70062720542804ERISA PENSION BENEFITSLA501(c)(9)YESYes (true)
AWLU #53 JAC
2001 VETERANS BLVD SUITE 200KENNERLA70062ERISA TRAINING BENEFITSLA501(C)(3)NOfalseYES
ASBESTOS WORKERS LOCAL #53
2001 VETERANS BLVD SUITE 201KENNERLA70062720184645SPONSORING ORGANIZATIONLA504(C)(5)NOfalse
INSULATORS LOCAL NO 53 WELFARE FUND
2001 VETERANS BLVD SUITE 201KENNERLA70062ERISA WELFARELA501(C)(9)NOfalse
NATIONAL AW WELFARE FUND
7130 COLUMBIA GATEWAY DR STE ACOLUMBIAMD21046CONTRIBUTING EMPLOYERMD501(C)(5)NOfalse
AWLU #19
N27 W23155 ROUNDY DRPEWAUKEEWI53072CONTRIBUTING EMPLOYERWI501(C)(5)NOfalse
AW LOCAL #17
18520 SPRING CREEK DRIVETINLEY PARKIL60477CONTRIBUTING EMPLOYERIL501(C)(5)NOfalse
AWLU #16
3801 PARK RDBENICACA34510CONTRIBUTING EMPLOYERCA501(C)(5)NOfalse
AWLU# 21
11580 REEDER ROADDALLASTX752292178CONTRIBUTING EMPLOYERTX501(C)(5)NOfalse
ASSOCIATED THIRD PARTY ADMINISTRATORS
7600 SW MOHAWK STTUALATINOR97062CONTRIBUTING EMPLOYEROR501(C)(5)NOfalse
AWLU #23
PO BOX 6480HARRISBURGPA17112CONTRIBUTING EMPLOYERPA501(C)(5)NOfalse
HEAT & FROST INSULATORS LOCAL87 INSURANC
497 NORTH KRUEGER AVENEW BRAUNFELSTX78130CONTRIBUTING EMPLOYERTX501(C)(5)NOfalse
WS INSULATORS
7130 COLUMBIA GATEWAY DRCOLUMBIAMD21046CONTRIBUTING EMPLOYERMD501(C)(5)NOfalse
LOCAL #53 IAF
2001 VETERANS BLVD SUTIE 201KENNERLA70062720184645SPONSORING ORGANIZATIONLA501 (C)(5)NOfalse
AWLU #2
27 ROLAND AVE STE 200MOUNT LAURELNJ08054CONTRIBUTING EMPLOYERNJ501(C)(5)NOfalse
AWLU #1
3325 HOLLENBERG DRBRIDGETONMO63044CONTRIBUTING EMPLOYERMO501(C)(5)NOfalse
AWLU #45
4904 NORTH SUMMIT STREETTOLEDOOH43611CONTRIBUTING EMPLOYEROH501(C)(5)NOfalse

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (18 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationIndEINEIN
ALLTEMP INSULATIONS INC
PO BOX 5125SLIDELLLA70469CONTRIBUTING EMPLOYERLANOC CORPfalse
EAGLE INC
PO BOX 51568NEW ORLEANSLA70150SPONSORING ORGANIZATIONLANOC CORPfalse203927925
EXCEL MODULAR
1050 NORTH PINE ROADTEXAS CITYTX77591CONTRIBUTING EMPLOYERTXNOC CORPfalse
FLOUR CONSTUCTORS INTERNATIONAL
1 GALLERIA BLVD SUITE 1070METAIRIELA70001CONTRIBUTING EMPLOYERLANOC CORPfalse
PCI
16400 COLLEGE BLVDLENEXAKS66219CONTRIBUTING EMPLOYERKSNOC CORPfalse
QUALITY THERMAL INC
414 38TH STREETNEW ORLEANSLA70124CONTRIBUTING EMPLOYERLANOC CORPfalse
SCI
PO BOX 77304BATON ROUGELA70879CONTRIBUTING EMPLOYERLANOC CORPfalse
SOUTHEAST INSULATION INC
PO BOX 15528BATON ROUGELA70895CONTRIBUTING EMPLOYERLANOC CORPfalse
TAYLOR - SEIDENBACH INC
PO BOX 50368NEW ORLEANSLA70150CONTRIBUTING EMPLOYERLANOC CORPfalse
TRANSCO PRODUCTS INC
55 E JACKSON BLVDCHICAGOIL60604CONTRIBUTING EMPLOYERILNOC CORPfalse
TURNER INDUSTRIES
PO BOX 2750BATON ROUGELA70821SPONSORING ORGANIZATIONLANOC CORPfalse550869273
SHAW STONE & WEBSTER
PO BOX 217ST FRANCISVILLELA70775CONTRIBUTING EMPLOYERLANOC CORPfalse
CSI INC
PO BOX 199PORT ALLENLA70767SPONSORING ORGANIZATIONLANOC CORPfalse203931184
MERCEDEZ-BENZ SUPERDOME
1500 SUGAR BOWL DRIVENEW ORLEANSLA70112CONTRIBUTING EMPLOYERLANOC CORPfalse
VECTA
38429 LA-30GONZALESLA70737CONTRIBUTING EMPLOYERLANOC CORPfalse
ATLANTIC PLANT SERVICES
950 MAHAFFEY RDPORT ALLENLA70767CONTRIBUTING EMPLOYERLANOC CORPfalse
TIC INSULATION CONTRACTORS
8401 Gateway TerraceOklahoma CityOK73149CONTRIBUTING EMPLOYEROKNOC CORPfalse
ALLIANCE SPECIALTIES INC
1644 NW 5TH STOKLAHOMA CITYOK73106CONTRIBUTING EMPLOYEROKNOC CORPfalse
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (true)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (28 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
INSULATORS LOCAL NO 53 PENSION FUND
l$9,868COST
AWLU #53 JAC
l$1,136COST
ASBESTOS WORKERS LOCAL #53
l$22,318COST
INSULATORS LOCAL NO 53 WELFARE FUND
l$4,250COST
NATIONAL AW WELFARE FUND
l$27,180COST
AW LOCAL #17
l$6,393COST
LOCAL #53 IAF
l$8,492COST
AWLU #2
l$3,125COST
AWLU #1
l$233COST
AWLU #45
l$1,373COST
ALLTEMP INSULATIONS INC
l$113,149COST
EAGLE INC
l$417,921COST
EXCEL MODULAR
l$31,174COST
FLOUR CONSTUCTORS INTERNATIONAL
l$13,475COST
PCI
l$49,854COST
PCI
p$668COST
QUALITY THERMAL INC
l$81,350COST
SCI
l$131,006COST
SOUTHEAST INSULATION INC
l$9,520COST
TAYLOR - SEIDENBACH INC
l$39,954COST
TRANSCO PRODUCTS INC
l$2,204COST
TURNER INDUSTRIES
l$299,695COST
SHAW STONE & WEBSTER
l$65,858COST
CSI INC
l$126,392COST
VECTA
p$9,299COST
ATLANTIC PLANT SERVICES
p$41,283COST
TIC INSULATION CONTRACTORS
l$29,336COST
ALLIANCE SPECIALTIES INC
p$4,906COST