INDIANA LABORERS WELFARE FUND: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: INDIANA LABORERS WELFARE FUND (EIN 35-0923209)
Tax period: 2010-12-01 to 2011-11-30
Filed: 2012-03-22
IRS object ID: 201220829349300537
Schema version: 2010v3.7
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

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-03-22T18:09:40-05:00	Timestamp
Tax Period End Date	2011-11-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	L M HENDERSON & COMPANY LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	450 E 96TH ST STE 200	AddressLine1
City	INDIANAPOLIS	City
State	IN	State
ZIP Code	46240	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-12-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	350923209	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	INDIANA LABORERS WELFARE FUND	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	INDI	NameControl
Phone	8122382551	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1587	AddressLine1
City	TERRE HAUTE	City
State	IN	State
ZIP Code	47808	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	FRANK DEGRAW	Name
Title	SEC-TREASURER	Title
Phone	8122382551	Phone
Date Signed	2012-03-17	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	MICHELLE L ZIMMERMAN	Name
Phone	3175661000	Phone
Date Prepared	2012-03-22	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	FRANK DEGRAW	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1587	AddressLine1
City	TERRE HAUTE	City
State	IN	State
ZIP Code	47808	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	286051649	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	NOT APPLICABLE	WebSite
Type Of Organization Trust	X	TypeOfOrganizationTrust
Year Formation	1953	YearFormation
State Legal Domicile	IN	StateLegalDomicile
Activity Or Mission Description	PROVIDE HEALTH & WELFARE BENEFITS TO MEMBERS	ActivityOrMissionDescription
Nbr Voting Members Governing Body	14	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	14	NbrIndependentVotingMembers
Total Nbr Employees	205	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	79197721	ProgramServiceRevenuePriorYear
Program Service Revenue CY	80880920	ProgramServiceRevenueCY
Investment Income Prior Year	6327613	InvestmentIncomePriorYear
Investment Income Current Year	8393388	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	85525334	TotalRevenuePriorYear
Total Revenue Current Year	89274308	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	59688145	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	66040097	BenefitsPaidToMembersCY
Salaries Etc Prior Year	2308739	SalariesEtcPriorYear
Salaries Etc Current Year	2219951	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	4921014	OtherExpensePriorYear
Other Expenses Current Year	4872796	OtherExpensesCurrentYear
Total Expenses Prior Year	66917898	TotalExpensesPriorYear
Total Expenses Current Year	73132844	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	18607436	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	16141464	RevenuesLessExpensesCY
Total Assets BOY	190179949	TotalAssetsBOY
Total Assets EOY	205047764	TotalAssetsEOY
Total Liabilities BOY	3607334	TotalLiabilitiesBOY
Total Liabilities EOY	10705725	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	186572615	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	194342039	NetAssetsOrFundBalancesEOY
Mission Description	PROVIDE HEALTH & WELFARE BENEFITS TO MEMBERS	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	73098377	Expense
Revenue	88131713	Revenue
Description	PROVIDE UNDER COLLECTIVE BARGAINING FINANCIAL SUPPORT FOR PROGRAMS OF LIFE INSURANCE, HEALTH, ACCIDENT, AND OTHER RELATED BENEFITS TO APPROXIMATELY 9,656 PARTICIPANTS.	Description
Total Program Service Expense	73098377	TotalProgramServiceExpense
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	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	true	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	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	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	847	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	205	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
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	14	NbrVotingGoverningBodyMembers
Number Independent Voting Members	14	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	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	IN	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	JANETTA ENGLAND	NamePerson
Telephone Number	8122382551	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	413 SWAN STREET	AddressLine1
City	TERRE HAUTE	City
State	IN	State
ZIP Code	47807	ZIPCode

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

Form990 Part VII Section A Form990PartVIISectionA (14 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
FRANK DEGRAW
SEC-TREASURE	0.00	X	X	0	0	0
JACK BAKER
TRUSTEE		X		0	0	0
DOUGLAS S BANNING JR
TRUSTEE		X		0	0	0
TOM FLEENOR
TRUSTEE		X		0	0	0
BRIAN KRIEG
TRUSTEE		X		0	0	0
EDWARD T HAZLEDINE
CHAIRMAN		X	X	0	0	0
WILLIAM HASSE III
TRUSTEE		X		0	0	0
MARK STERN
TRUSTEE		X		0	0	0
WILLIAM K ROACH
TRUSTEE		X		0	0	0
DAVID FRYE
TRUSTEE		X		0	0	0
FRANCIS GANTER
TRUSTEE		X		0	0	0
JIM TERRY
TRUSTEE		X		0	0	0
MIKE MCCANN
TRUSTEE		X		0	0	0
JAMES W DANIELS
TRUSTEE		X		0	0	0

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 (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
ANTHEM INC
220 VIRGINIA AVENUE	INDIANAPOLIS	IN	46204	MED CLAIMS PROC	2987306
SMITH GRAHAM & CO
6900 CHASE TOWER 600 TRAVIS ST	HOUSTON	TX	77002	INVESTMENT MGR	327459
DELTA DENTAL
PO BOX 30416	LANSING	MI	489097916	DENT CLAIMS PRO	268306
MED-CARE MANAGEMENT
PO BOX 20564	WEST PALM BEACH	FL	334160564	MED CLAIM REVIE	258788
IFM GLOBAL INFRASTRUCTURE
99 PARK AVENUE SUITE 1920	NEW YORK	NY	10016	INVESTMENT FEES	234600

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	5	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
EMPLOYER CONTRIBUTIONS	525100	70885980	70885980
PARTICIPANT CONTRIBUTIONS	525100	8157832	8157832
ERRP REIMBURSEMENT	525100	1046878	1046878
ADMINISTRATIVE FEES	525100	718842	718842
INTEREST ON CONTRIBUTIONS	525100	40225	40225

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	31163	TotalRevenueColumn
Related Or Exempt Function Income	31163	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	80880920	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	7267541	TotalRevenueColumn
Related Or Exempt Function Income	7267541	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	197903188	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	196777341	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	1125847	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	1125847	TotalRevenueColumn
Related Or Exempt Function Income	1125847	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	89274308	TotalRevenueColumn
Related Or Exempt Function Income	89274308	RelatedOrExemptFunctionIncome

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	66040097	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	127462	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1316975	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	257833	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	335596	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	182085	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	61892	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	38819	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	9404	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	305238	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	56911	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	114807	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	16238	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	69747	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	23006	Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal
ANTHEM ACCESS FEES	2987306
INVESTMENT EXPENSES	749217
MED CARE MANAGEMENT FEES	258788
ACTUARIAL FEES	76500
OTHER ADMINISTRATIVE FEES	63754

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	41169	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	73132844	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	12673228	BOY
EOY	11241812	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	6291215	BOY
EOY	7210769	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	28456	BOY
EOY	28601	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	2004546	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	1323223	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	577004	BOY
EOY	681323	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	133337405	BOY
EOY	146543607	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	37272641	BOY
EOY	39341652	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	190179949	BOY
EOY	205047764	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	3607334	BOY
EOY	2872714	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
EOY	7833011	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	3607334	BOY
EOY	10705725	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	186572615	BOY
EOY	194342039	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	186572615	BOY
EOY	194342039	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	190179949	BOY
EOY	205047764	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	16141464	ReconcilationRevenueExpenses
Reconcilation Other Changes	-8372040	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	52103	OtherCostOrOtherBasis
Book Value	52103	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1524554	OtherCostOrOtherBasis
Depreciation	973317	Depreciation
Book Value	551237	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	427889	OtherCostOrOtherBasis
Depreciation	349906	Depreciation
Book Value	77983	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	681323	TotalOfBookValueLandBuildings

Other Assets OtherAssets (7 entries)

DescriptionDescription	Book ValueBookValue
LIMITED PARTNERSHIPS	17459097
GROUP ANNUITY INS. CONTRACT	10808862
COLLECTIVE FUND	9249308
MEDICARE PART D REIMBURSEMENT	942661
ACCRUED INTEREST & DIVIDENDS	812398
OTHER RECEIVABLES	39725
ACCRUED INTEREST ON CONTRIBUTIONS	29601

Field	Value	IRS element (for citing)
Total Book Value Other Assets	39341652	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
CLAIMS INCURRED BUT NOT REPORTED	$7,150,004
DUE TO OTHER FUNDS	$508,011
MEDICAL CLAIMS PAYABLE	$174,996

Field	Value	IRS element (for citing)
Total Of Amounts	7833011	TotalOfAmounts
Total Revenue	89274308	TotalRevenue
Total Expenses	73132844	TotalExpenses
Excess Or Deficit For Year	16141464	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-1047040	NetUnrealizedGLOnInvestments
Total Adjustments	-1047040	TotalAdjustments
Excess Or Deficit Per FS	15094424	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	86759209	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-1047040	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	-1047040	RevenueNotRptdF990
Revenue Subtotal	87806249	RevenueSubtotal
Investment Expenses Not Included	749217	InvestmentExpensesNotIncluded
Other Revenues Not Included	718842	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	1468059	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	89274308	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	71664785	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	71664785	ExpensesSubtotal
Investment Expenses Not Included2	749217	InvestmentExpensesNotIncluded2
Other Expenses Not Included	718842	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	1468059	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	73132844	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
LIABILITY UNDER FIN 48 FOOTNOTE	SCHEDULE D, PAGE 3, PART X	THE WELFARE FUND IS TAX EXEMPT UNDER INTERNAL REVENUE CODE PARAGRAPH 501 (C)(9). THE EXEMPTION RULING WAS OBTAINED MAY 10, 1957. THE WELFARE FUND OBTAINED ITS LATEST DETERMINATION LETTER ON JANUARY 11, 1983 IN WHICH THE INTERNAL REVENUE SERVICE STATED THAT THE PLAN, AS THEN DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THE PLAN HAS BEEN RESTATED AND AMENDED SINCE RECEIVING THE DETERMINATION LETTER. HOWEVER, THE PLAN'S ADMINISTRATOR, LEGAL COUNSEL, AND CONSULTANT, BELIEVE THAT THE PLAN IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THEREFORE, THEY BELIEVE THAT THE PLAN WAS QUALIFIED AND THE RELATED TRUST WAS TAX-EXEMPT AS OF THE FINANCIAL STATEMENT DATE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FUND, AND HAS CONCLUDED THAT AS OF NOVEMBER 30, 2011 AND NOVEMBER 30, 2010, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FUND ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2008.
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	ADMINISTRATIVE FEES RECEIVED -718,842 ADMINISTRATIVE FEES RECEIVED 718,842
REVENUE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 4B	ADMINISTRATIVE FEES RECEIVED 718,842
EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 4B	ADMINISTRATIVE FEES RECEIVED 718,842

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 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 SECRETARY-TREASURER PRIOR TO SIGNING AND FILING THE RETURN.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	THE TRUST FUND CONFORMS WITH ERISA RULES AND REGULATIONS WITH REGARD TO DISCLOSURE AND REVIEW OF POTENTIAL CONFLICTS OF INTEREST.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	COMPENSATION FOR ALL EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	COMPENSATION FOR ALL EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FUND PROVIDES A SUMMARY ANNUAL REPORT TO ALL PARTICIPANTS CONTAINING INSTRUCTIONS FOR OBTAINING A COPY OF THE FINANCIAL STATEMENTS AND FORM 5500.
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 5	FORM 990, PART I, LINE 21 - THE BALANCE OF NET ASSETS HAS BEEN REDUCED BY PREVIOUSLY EXISITING BALANCES THAT HAVE BEEN RECLASSIFIED AS LIABILITIES FOR THE TAX YEAR ENDED 11/30/2011 AS FOLLOWS: MEDICAL CLAIMS PAYABLE: 174,996 CLAIMS INCURRED BUT NOT REPORTED: 7,150,004