Plumbers And Steamfitters Local No 21 Health And Welfare Fund in Peekskill, New York (NY)

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Plumbers And Steamfitters Local No 21 Health And Welfare Fund
Employer Identification Number (EIN)134017983
Name of OrganizationPlumbers And Steamfitters Local No 21 Health And Welfare Fund
Address1024 Mckinley St, Peekskill, NY 10566-5604
SubsectionVoluntary Employees' Beneficiary Association (Non-Govt. Emps.)
Ruling Date09/1999
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period06/2011
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$25,202,863
Amount of Income$22,447,834
Form 990 Revenue Amount$13,756,059
National Taxonomy of Exempt Entities (NTEE)Mutual/Membership Benefit Organizations, Other: Voluntary Employees Beneficiary Associations (Non-Government)


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Amount of income in 2011: $22,447,834
This organization: 

 $22,447,834
Other organizations performing similar types of work: 

 $1,319,331

Assets in 2011: $25,202,863
This organization: 

 $25,202,863
Other organizations performing similar types of work: 

 $986,992

Expenses in 2007: $12,981,707
This organization: 

 $12,981,707
Other organizations performing similar types of work: 

 $6,312,333

Income to expenses ratio in 2007: 1.4
Plumbers And Steamfitters Local No 21 Health And Welfare Fund: 

 1.4
Other organizations performing similar types of work: 

 1.2

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$7,411,516$6,723,387$11,699,999$10,063,853$11,278,362$12,362,110$16,321,243$18,385,423
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$6,604,619$6,246,769$10,682,105$9,133,604$10,505,843$10,265,166$15,506,141$17,301,764
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$0$0$0
Dividends and interest from securities$786,698$415,586$1,065,608$923,888$714,667$582,344$694,462$788,429
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$20,199$61,032$-47,714$6,361$57,852$1,514,600$120,640$295,230
Gross amount from sales of assets other than inventory$3,459,251$4,379,058$20,847,575$14,736,219$13,462,655$16,098,695$4,857,163$5,790,421
Less: cost or other basis and sales expenses$3,439,052$4,318,026$20,895,289$14,729,858$13,404,803$14,584,095$4,736,523$5,495,191
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Total expenses$6,028,847$6,442,087$12,421,857$12,101,862$12,019,278$14,019,468$12,272,115$12,981,707
Program services$0$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$11,900,017$11,773,479$20,013,092$17,793,328$17,172,697$13,780,576$18,004,929$22,992,575
Excess or (deficit) for the year$1,382,669$281,300$-721,858$-2,038,009$-740,916$-1,657,358$4,049,128$5,403,716
Net assets or fund balances at beginning of year$10,606,752$11,900,017$11,773,479$20,013,092$17,793,328$17,172,697$13,780,576$18,004,929
Other changes in net assets or fund balances$-89,404$-407,838$8,961,471$-181,755$120,285$-1,734,763$175,225$-416,070
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$12,981,707$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$12,449,724
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$202,479$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$67,673$0$0$0
Payroll taxes$17,481$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$19,100$0$0$0
Legal fees$28,967$0$0$0
Supplies$0$0$0$0
Telephone$3,283$0$0$0
Postage and shipping$8,519$0$0$0
Occupancy$11,400$0$0$0
Equipment rental and maintenance$15,613$0$0$0
Printing and publications$1,398$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$6,765$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$19,002$0$0$0
Other expenses not covered above$130,303$0$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$11,916,921$11,784,768$28,279,306$23,253,219$20,622,834$14,073,492$18,296,919$23,860,557
Cash - non-interest-bearing$58,069$0$0$0$0$569,147$645,837$24,544
Savings and temporary cash investments$2,400,942$2,420,624$1,802,522$1,041,762$2,008,254$2,141,366$5,139,574$10,288,774
Accounts receivable less allowance for doubtful accounts$54,075$54,737$192,591$138,024$102,841$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$115,264$14,189$172,112$18,832$15,686$0$0$687,176
Investments - publicly-traded securities$12,452,357$12,808,406
Investments - other securities$9,258,343$9,276,916$26,022,201$21,944,436$18,401,433$11,302,468$0$0
Investments - land, buildings, and equipment less accumulated depreciation$30,228$18,302$89,880$110,165$94,620$60,511$59,151$51,657
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$16,904$11,289$8,266,214$5,459,891$3,450,137$292,916$291,990$867,982
Accounts payable and accrued expenses$16,904$11,289$8,266,214$5,459,891$3,450,137$292,916$291,990$867,982
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$11,916,921$11,784,768$28,279,306$23,253,219$20,622,834$14,073,492$18,296,919$23,860,557
Total net assets or fund balances$11,900,017$11,773,479$20,013,092$17,793,328$17,172,697$13,780,576$18,004,929$22,992,575
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$0$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$0$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings12
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,083,659$17,301,764
Program service revenue
Program service revenue 1000000$000$0$17,301,764
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$788,429$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$295,230$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
11199 National Benefit Fund For Hospital & Human Service EmployeesPO BOX 842, New York, NY 10108-0842NY2002-04$1,311,097,463
2Health Reimbursement Account Fund Of The Electrical Industry158-11 Harry Van Arsdale Jr Avenue, Flushing, NY 11365-3085NY2005-06$474,260,075
3New York State Teamsters Council Health & Hospital FundPO BOX 4928, Syracuse, NY 13221-4928NY2009-09$278,200,529
4Bank One Corporation Retiree Health And Welfare Benefits Trust1 Chase Pla 13th Fl, New York, NY 10005NY2003-08$256,060,867
5Plumbing Industry Board Of Plumbers158-29 George Meany Blvd, Howard Beach, NY 11414-3137NY2001-06$186,557,804
61199 Seiu National Benefit Fund For Home Care Employees, Grant Roland L & Tilson Eleanor TtePO BOX 842, New York, NY 10108-0842NY2002-04$177,115,137
7Mason Tenders District Council Welfare Fund520 8th Ave Rm 600, New York, NY 10018-4196NY1949-11$165,436,397
8Plumbers Local Union No 1 Additional Security Benefit Fund158-29 George Meany Blvd, Howard Beach, NY 11414-3137NY1960-08$99,375,030
9C R Bard Ince Employee Benefit PlanC/O Jpmorgan Chase Bank Na 1 Ch, New York, NY 10005NY2004-06$82,505,464
10Plumbers Local Union No 1 Vacation And Holiday Fund158-29 George Meany Blvd, Howard Beach, NY 11414-3137NY1964-03$81,846,131
11Voluntary Hospitals House Staff Bnfts Pln - Comm Of Intrns&rsdnts520 8th Ave Rm 1200, New York, NY 10018-4183NY1980-12$36,399,362
12Service Employees 32bj North Health Fund, 32 Seiu140 Huguenot Street, New Rochelle, NY 10801-5215NY2005-02$33,511,703
13Local 7 Tile Industry Welfare Fund Tr, Hill Charles Ttee253 W 35th St Fl 12, New York, NY 10001-1907NY2006-07$32,623,670
141199 Seiu Home Health Aide Benefit FundPO BOX 842, New York, NY 10108-0842NY2004-11$26,537,946
15Plumbers And Steamfitters Local No 21 Health And Welfare Fund1024 Mckinley St, Peekskill, NY 10566-5604NY1999-09$22,447,834
16Local 1102 Health And Benefit Fund1587 Stewart Ave, Westbury, NY 11590-6612NY2002-09$21,995,909
17Kingston Trust Fund, Orr Lindsay W TteePO BOX 4461, Kingston, NY 12402-4461NY1999-05$19,998,301
18Agere Systems Inc Post Retirement Health Insurance Benefit TrOne Wall St 12th Fl, New York, NY 10286-0001NY2003-09$14,660,314
19Ibm Medical Disability Income Pl Tr1 Chase Manhattan Plaza Flr 13, New York, NY 10005-1401NY2001-07$12,183,010
20National Hockey League Health Fund1185 Ave Of The Americas, New York, NY 10036-2601NY2004-10$10,930,882
21Itt Carbon Employee Benefit Trust Veba1133 Westchester Ave, White Plains, NY 10604-3516NY2001-06$9,909,180
22Mack Trucks Inc Retiree Life & Health Benefits Trust1 Chase Plaza Ste 13th Flr, New York, NY 10005NY2000-02$9,734,213
23National Fuel Gas Distribution Corp -Ny Div Vol Emp Ben Assoc For Non-, Collectively Bargained Employees6363 Main St, Williamsville, NY 14221-5855NY2005-06$7,129,402
24Local 51 Education Relocation And Supplemental Unemployment Benefits231 West 29th Street Suite 405, New York, NY 10001-5209NY2001-10$6,702,717
25Nysut Retiree Veba Health Fund, Frasca Dan Ttee800 Troy Schenectady Rd, Latham, NY 12110-2424NY2001-12$5,720,821
26National Fuel Gas Distribution Corp Penn Division Veba For C B E E U, For Collectively Bargained Employee6363 Main St, Williamsville, NY 14221-5855NY1993-09$5,291,125
27Local 445 Welfare Fund, Freight Welfare FundPO BOX 2572, Newburgh, NY 12550-0572NY1999-03$4,976,083
28National Fuel Gas Co Hlth & Welfare Trust For Supply Corp & Penn York, For Non-Collect Barg Emp6363 Main St, Williamsville, NY 14221-5855NY2005-06$4,763,377
29Pbg Employees Long Term Disability Benefit Trust700 Anderson Hill Rd, Purchase, NY 10577-1401NY2000-09$4,704,756
30National Fuel Gas Distribution-New York Division Voluntary Employees6363 Main St, Williamsville, NY 14221-5855NY1993-09$4,132,430
Number of organizations performing similar types of work
Alaska5
Alabama13
Arkansas6
Arizona13
California148
Colorado20
Connecticut39
District of Columbia19
Delaware7
Florida49
Georgia29
Hawaii17
Iowa21
Idaho3
Illinois86
Indiana112
Kansas14
Kentucky6
Louisiana13
Massachusetts44
Maryland33
Maine7
Michigan75
Minnesota60
Missouri37
Mississippi4
Montana21
North Carolina27
North Dakota5
Nebraska8
New Hampshire10
New Jersey43
New Mexico6
Nevada13
New York177
Ohio110
Oklahoma18
Oregon18
Pennsylvania169
Rhode Island9
South Carolina10
South Dakota5
Tennessee29
Texas97
Utah12
Virginia56
Vermont3
Washington32
Wisconsin65
West Virginia10
Wyoming5
International6
Total1,844

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