Iron Workers Local 549 & 550 Medical & Benefit Fund in Troy, Michigan (MI)

Organization representatives - add corrected or new information about Iron Workers Local 549 & 550 Medical & Benefit Fund »

Non-representatives - add comments about Iron Workers Local 549 & 550 Medical & Benefit Fund»

Iron Workers Local 549 & 550 Medical & Benefit Fund
Employer Identification Number (EIN)510168650
Name of OrganizationIron Workers Local 549 & 550 Medical & Benefit Fund
Address700 Tower Dr Ste 300, Troy, MI 48098-2835
ActivitiesEmployee or member welfare association, Sick, accident, death, or similar benefits
SubsectionVoluntary Employees' Beneficiary Association (Non-Govt. Emps.)
Ruling Date01/2013
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period03/2014
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$15,784,011
Amount of Income$17,121,680
Form 990 Revenue Amount$8,447,801
National Taxonomy of Exempt Entities (NTEE)Mutual/Membership Benefit Organizations, Other: Fraternal Beneficiary Societies


Non-representatives - add comments:


CAPTCHA

Your IP address 3.94.200.93 will be logged.

Amount of income in 2014: $17,121,680 (it was $30,233,497 in 2013)
Iron Workers Local 549 & 550 Medical & Benefit Fund: 

 $17,121,680
Other organizations performing similar types of work: 

 $31,540

Assets in 2014: $15,784,011 (it was $15,842,722 in 2013)
Iron Workers Local 549 & 550 Medical & Benefit Fund: 

 $15,784,011
Other organizations performing similar types of work: 

 $39,611

Expenses in 2014: $8,391,355
Iron Workers Local 549 & 550 Medical & Benefit Fund: 

 $8,391,355
Other organizations performing similar types of work: 

 $25,214

Income to expenses ratio in 2014: 2.0
This organization: 

 2.0
Other organizations performing similar types of work: 

 1.9

Employees paid over $100,000 in 2014: 120.0%
This organization: 

 120.0%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 2.2%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNoNo
Is the organization required to complete Schedule B, Schedule of Contributors?NoNoNo
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoNo
Did the organization report an amount for land, buildings, and equipment?NoNoNo
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?NoNoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?YesYesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
20092011201220132014
The number reported in Box 3 of Form 109632273230230
The number of Forms W-2G0000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesNoNoYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return27455
Did the organization file all required federal employment tax returns?YesYesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNoNo
Has it filed a Form 990-T for this year?NoNoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNoNo
Did the organization file Form 8886-T?NoNoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNoNo
Initiation fees and capital contributions$0$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0$0
Gross income from members or shareholders$0$0$0$0$0
Gross income from other sources$0$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0$0
The amount of reserves on hand$0$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNoNo
Has it filed a Form 720 to report these payments?NoNoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0$0$1,456
Total reportable compensation from related organizations$0$0$238,231
Total estimated amount of other compensation from the organization and related organizations$0$0$186,595
Total number of individuals who received more than $100,000 of reportable compensation from the organization000
Total number of independent contractors who received more than $100,000 of compensation from the organization336
Statement of Revenue
20092011201220132014
Total revenue$8,466,401$7,310,170$7,655,362$7,661,236$8,447,801
Contributions, Gifts, Grants and Other Similar Amounts$0$0$0$0$0
Program Service Revenue$9,422,359$6,686,310$7,162,820$6,959,820$7,586,901
Health and Welfare Funds $8,253,859$5,458,030$5,380,255$6,244,936
Health and Welfare Funds $1,168,500$1,332,399$1,259,127$1,178,616
Health and Welfare Funds $0$265,020$204,547$126,446
Health and Welfare Funds $0$107,371$115,891$36,903
All other program service revenue$0$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$-301,386$396,854$383,741$452,885$454,618
Income from investment of tax-exempt bond proceeds$0$0$0$0$0
Royalties$0$0$0$0$0
Net rental income$0$0$0$0$0
Net gain/loss from sales of assets other than inventory$-862,816$224,695$96,455$247,701$405,942
Gross amount from sales of assets other than inventory (Securities / Other)$7,559,035 / $0$5,726,560 / $250$12,575,390 / $0$22,819,962 / $0$9,079,821 / $0
Less: cost or other basis and sales expenses (Securities / Other)$8,421,851 / $0$5,501,640 / $475$12,478,935 / $0$22,572,261 / $0$8,673,879 / $0
Gain or (loss) (Securities / Other)$-862,816 / $0$224,920 / $-225$96,455 / $0$247,701 / $0$405,942 / $0
Net income/loss from fundraising events$0$0$0$0$0
Net income/loss from gaming activities$0$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0$0
Miscellaneous Revenue$208,244$2,311$12,346$830$340
Health and Welfare Funds $208,244$12,346$830$340
All other revenue$0$0$0$0
Statement of Functional Expenses
20092011201220132014
Total functional expenses$7,668,264$6,961,244$6,981,936$7,585,944$8,391,355
Grants and other assistance to domestic organizations and domestic governments$0$0$0$0
Grants and other assistance to domestic individuals$0$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0$0
Benefits paid to or for members$7,037,665$6,039,899$6,552,328$7,182,549
Compensation of current officers, directors, trustees, and key employees$0$0$0$0$0
Compensation not included above, to disqualified persons$0$0$0$0
Other salaries and wages$0$0$0$0$0
Pension plan accruals and contributions$0$0$0$0
Other employee benefits$0$0$0$0
Payroll taxes$0$0$0$0$0
Fees for services (non-employees)
Management$0$122,525$117,000$124,407
Legal$12,096$45,237$37,667$27,820
Accounting$30,100$62,293$56,534$34,510
Lobbying$0$0$0$0
Professional fundraising services$0$0$0$0$0
Investment management fees$69,695$74,320$60,573$52,105
Other$471,156$383,187$425,224$524,515
Advertising and promotion$0$0$0$0
Office expenses$0$10,845$33,550$24,652
Information technology$17,798$2,000$0$0
Royalties$0$0$0$0
Occupancy$0$0$0$0
Travel$0$0$0$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0$0
Conferences, conventions, and meetings$0$1,578$3,091$18,673
Interest$0$0$0$0
Payments to affiliates$0$0$0$0
Depreciation, depletion, and amortization$4,363$0$0$0
Insurance$0$234,584$271,790$253,644
Other expenses$25,391$3,690$26,948$144,168
Other expenses$0$1,100$1,230$4,233
Other expenses$0$678$9$73
Other expenses$0$0$0$6
Balance Sheet
20092011201220132014
Total assets$13,197,992$15,326,476$15,742,191$15,842,722$15,784,011
Cash - non-interest-bearing$100$412,414$15,990$48,629
Savings and temporary cash investments$1,145,965$759,827$1,263,370$2,197,253
Pledges and grants receivable, net$0$0$0$0
Accounts receivable, net$884,481$616,751$465,939$553,884
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0$0
Notes and loans receivable, net$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$0$14,861$14,520$5,585
Land, buildings, and equipment: cost or other basis$3,799$0$0$0
Investments - publicly traded securities$11,163,647$13,672,801$13,924,733$12,825,091
Investments - other securities$0$0$0$0
Investments - program-related$0$0$0$0
Intangible assets$0$0$0$0
Other assets$0$265,537$158,170$153,569
Total liabilities$269,583$185,604$102,530$120,957$169,084
Accounts payable and accrued expenses$269,583$102,530$120,957$169,084
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0
Escrow or custodial account liability$0$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0$0$0
Total net assets or fund balances$12,928,409$15,140,872$15,639,661$15,721,765$15,614,927
Unrestricted net assets$0$0$0$0
Temporarily restricted net assets$0$0$0$0
Permanently restricted net assets$0$0$0$0
Capital stock or trust principal, or current funds$0$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0$0
Retained earnings, endowment, accumulated income, or other funds$12,928,409$15,140,872$15,639,661$15,721,765$15,614,927
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Iron Workers Local 549 & 550 Medical & Benefit Fund to others? (optional)
  
Add photo of Iron Workers Local 549 & 550 Medical & Benefit Fund (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Iron Workers Local 549 & 550 Medical & Benefit Fund700 Tower Dr Ste 300, Troy, MI 48098-2835MI2013-01$17,121,680
2Jack Hobby Sr Highland-Milford Aerie 4076 Fraternal Order Of, 4076 Aerie4450 N Duck Lake Rd, Highland, MI 48356-2018MI1991-01$1,835,739
3Fraternal Order Of Eagles, 3587 Aerie1440 W Caro Rd, Caro, MI 48723-9289MI1991-01$145,852
4Knights Of Columbus343 S Main Street, Romeo, MI 48065MI2011-09$59,005
5Fraternal Order Of Eagles, Hancock Eagles Auxiliary Fraternal Order Of Eagles Auxiliart 382Po Box 504, Hancock, MI 49930MI2014-10$13,170
6Fraternal Order Of Eagles, 1765 Auxiliary55 Division St, Manistee, MI 49660-2701MI1991-01$7,455
7Holy Trinity Assembly 02013903 Ryan Road, Caro, MI 48723MI2012-08$2,020
8Alphasigmaphi Ferternity303 E Kearsley St, Flint, MI 48502-1907MI2015-03$0
9Calumet Council No 1245 Knights Of ColumbusPO BOX 546, Calumet, MI 49913MI2014-06$0
10Cardinal Mercier Assembly 051520413 Fleming, Detroit, MI 48234MI2012-11$0
11Delta Theta Psi At The University Of Michigan4115 Michigan Union 530 S State St, Ann Arbor, MI 48109MI2007-09$0
12Father Francis Karl Council 13432, Fr Francis L Karl Council 13432Po Box 534, Kingsley, MI 49649-0534MI2014-01$0
13First Catholic Slovak Union Of The United States & Canada, 743 K J Br St Josephs Society42909 Sussex Park Dr, Sterling Hts, MI 48314-3087MI2014-05$0
14First Catholic Slovak Union Of The United States Of America & Canada, 774k Branch2200 Cleveland Ave Apt 315, Midland, MI 48640-5529MI1941-02$0
15Fr Gjergj Fishta Council No 10343 Knights Of Columbus525 West Auburn Road, Rochester Hills, MI 48307MI2014-12$0
16Fraternal Order Of Eagles, 1265 AuxPO BOX 564, Albion, MI 49224-0564MI2014-03$0
17Golden Star Chapter 80114 Erskine St, Detroit, MI 48201-2702MI2014-07$0
18International Association Of Lions Clubs, 66866 Algonac Lioness Algonac Lion/Lioness Club9380 Lakepointe, Clay, MI 48001MI2014-08$0
19International Ship Masters Association17592 S Simonsen Rd, Barbeau, MI 49710MI2014-08$0
20Knights Of Columbus517 Prospect Ave, Alma, MI 48801MI1940-10$0
Number of organizations performing similar types of work
Alaska5
Alabama6
Arkansas4
Arizona15
California75
Colorado19
Connecticut20
District of Columbia4
Delaware4
Florida41
Georgia32
Hawaii9
Iowa17
Idaho8
Illinois58
Indiana24
Kansas36
Kentucky56
Louisiana63
Massachusetts30
Maryland24
Maine8
Michigan46
Minnesota19
Missouri32
Mississippi317
Montana7
North Carolina86
North Dakota9
Nebraska8
New Hampshire3
New Jersey41
New Mexico9
Nevada5
New York54
Ohio75
Oklahoma9
Oregon12
Pennsylvania80
Rhode Island7
South Carolina8
South Dakota6
Tennessee188
Texas55
Utah1
Virginia22
Vermont3
Washington86
Wisconsin25
West Virginia14
Wyoming6
International2
Total1,793

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Iron Workers Local 549 & 550 Medical & Benefit Fund and has no official or unofficial affiliation with Iron Workers Local 549 & 550 Medical & Benefit Fund