INDUSTRIAL MANUFACTURING PROFESSIONAL AND COMMERCIAL TRUST: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: INDUSTRIAL MANUFACTURING PROFESSIONAL AND COMMERCIAL TRUST (EIN 61-6096328)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-11-11
IRS object ID: 201343169349300124
Schema version: 2012v2.3
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
Form 990
Schedule D
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-11T11:44:09-06:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FRANK N HESTAND CPA PSC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	261 REGENCY CIR FL 1	AddressLine1
City	LEXINGTON	City
State	KY	State
ZIP Code	40503	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	616096328	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	INDUSTRIAL MANUFACTURING AND	BusinessNameLine1
Business Name Line2	PROFESSIONAL COMMERCIAL TRUST	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	INDU	NameControl
Phone	8592261700	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	333 WEST VINE STREET	AddressLine1
Address Line2	ROOM/SUITE 500	AddressLine2
City	LEXINGTON	City
State	KY	State
ZIP Code	40507	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	UMR	Name
Title	CONTRACT ADMINISTRATOR	Title
Phone	8592261700	Phone
Date Signed	2013-11-11	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	FRANK N HESTAND	Name
Phone	8592763573	Phone
Date Prepared	2013-11-11	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	UMR ACTING AS CONTRACT ADMIN	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	333 WEST VINE STREET	AddressLine1
City	LEXINGTON	City
State	KY	State
ZIP Code	40507	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	60205758	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Type Of Organization Trust	X	TypeOfOrganizationTrust
Year Formation	1975	YearFormation
State Legal Domicile	KY	StateLegalDomicile
Activity Or Mission Description	PROVISION OF HEALTH AND WELFARE BENEFITS	ActivityOrMissionDescription
Nbr Voting Members Governing Body	0	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	0	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	59274155	ProgramServiceRevenuePriorYear
Program Service Revenue CY	56893980	ProgramServiceRevenueCY
Investment Income Prior Year	27645	InvestmentIncomePriorYear
Investment Income Current Year	15648	InvestmentIncomeCurrentYear
Other Revenue Prior Year	255796	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	59557596	TotalRevenuePriorYear
Total Revenue Current Year	56909628	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	57862881	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	55030221	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1136999	OtherExpensePriorYear
Other Expenses Current Year	1287935	OtherExpensesCurrentYear
Total Expenses Prior Year	58999880	TotalExpensesPriorYear
Total Expenses Current Year	56318156	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	557716	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	591472	RevenuesLessExpensesCY
Total Assets BOY	8849126	TotalAssetsBOY
Total Assets EOY	8397818	TotalAssetsEOY
Total Liabilities BOY	4380457	TotalLiabilitiesBOY
Total Liabilities EOY	3340186	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	4468669	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	5057632	NetAssetsOrFundBalancesEOY
Mission Description	PROVISION OF HEALTH AND WELFARE BENEFITS	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	PROVISION OF MEDICAL, DENTAL, ACCIDENTAL DEATH AND DISMEMBERMENT, AND GROUP LIFE FOR APPROXIMATELY 17,500 PARTICIPANTS.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	false	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	0	NbrVotingGoverningBodyMembers
Number Independent Voting Members	0	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	UMR	NamePerson
Telephone Number	8592261700	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	333 WEST VINE ST	AddressLine1
Address Line2	STE 500	AddressLine2
City	LEXINGTON	City
State	KY	State
ZIP Code	40507	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA

Field	Value	IRS element (for citing)
Name Person	CENTRAL BANK TRUST	NamePerson
Title	TRUSTEE	Title
Institutional Trustee	X	InstitutionalTrustee
Reportable Comp From Organization	0	ReportableCompFromOrganization
Reportable Comp From Related Orgs	0	ReportableCompFromRelatedOrgs
Other Compensation	0	OtherCompensation

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	UMR	BusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	333 WEST VINE STREET	AddressLine1
Address Line2	STE 500	AddressLine2
City	LEXINGTON	City
State	KY	State
ZIP Code	40507	ZIPCode

Field	Value	IRS element (for citing)
Description Of Services	ADMINISTRATION	DescriptionOfServices
Compensation	1222262	Compensation

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	1	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	EMPLOYER CONTRIBUTIONS	Description
Total Revenue Column	56893980	TotalRevenueColumn
Related Or Exempt Function Income	56893980	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	56893980	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	17886	TotalRevenueColumn
Related Or Exempt Function Income	12227	RelatedOrExemptFunctionIncome
Exclusion	$5,659	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	3293892	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	3296130	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	-2238	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-2238	TotalRevenueColumn
Related Or Exempt Function Income	-2238	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	56909628	TotalRevenueColumn
Related Or Exempt Function Income	56903969	RelatedOrExemptFunctionIncome
Exclusion	$5,659	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	55030221	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	15091	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	12000	Total

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	TotalTotal
CONTRACT ADMINISTRATION	1222262
TRUST & CUSTODIAL FEES	25906
MISCELLANEOUS	12676

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	56318156	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	269523	BOY
EOY	503023	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	6163175	BOY
EOY	3056408	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	278846	BOY
EOY	336666	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	568490	BOY
EOY	704623	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	1569092	BOY
EOY	3797098	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	8849126	BOY
EOY	8397818	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	82164	BOY
EOY	61038	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	1472277	BOY
EOY	1536418	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	2826016	BOY
EOY	1742730	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	4380457	BOY
EOY	3340186	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	4468669	BOY
EOY	5057632	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	4468669	BOY
EOY	5057632	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	8849126	BOY
EOY	8397818	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	591472	ReconcilationRevenueExpenses
Reconcilation Other Changes	-2509	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee

Schedule D IRS990ScheduleD

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
SECURITIES LENDING	$1,140,267
PREMIUM RESERVE	$561,431
INSURANCE PREMIUMS PAYABLE	$41,032

Field	Value	IRS element (for citing)
Total Of Amounts	1742730	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	56909628	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	56909628	RevenueSubtotal
Total Revenue Per Form990	56909628	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	56318156	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	56318156	ExpensesSubtotal
Total Expenses Per Form990	56318156	TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	FORM 990 IS REVIEWED BY THE CONTRACT ADMINISTRATOR PRIOR TO ITS FILING.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 9	NET CHANGE IN FAIR VALUE OF INVESTMENTS 2,509

Schedule R IRS990ScheduleR

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	SEE ATTACHED	BusinessNameLine1

Field	Value	IRS element (for citing)
Direct Controlling Entity NA	N/A	DirectControllingEntityNA
Controlled Org	false	ControlledOrg

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Dividends Related Organization	false	DividendsRelatedOrganization
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg