4th District Ibew Health Fund in Chesapeake, Ohio (OH)

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4th District Ibew Health Fund
Employer Identification Number (EIN)316068797
Name of Organization4th District Ibew Health Fund
Address609 3rd Ave, Chesapeake, OH 45619-1038
ActivitiesSick, accident, death, or similar benefits
SubsectionVoluntary Employees' Beneficiary Association (Non-Govt. Emps.)
Ruling Date03/1967
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period09/2010
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$47,111,978
Amount of Income$48,552,447
Form 990 Revenue Amount$40,589,870
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 2010: $48,552,447
This organization: 

 $48,552,447
Other organizations performing similar types of work: 

 $1,319,331

Assets in 2010: $47,111,978
This organization: 

 $47,111,978
Other organizations performing similar types of work: 

 $986,992

Expenses in 2007: $37,243,537
4th District Ibew Health Fund: 

 $37,243,537
Other organizations performing similar types of work: 

 $6,312,333

Income to expenses ratio in 2007: 1.2
4th District Ibew Health Fund: 

 1.2
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$12,064,659$21,437,995$21,441,621$27,772,791$36,220,729$40,970,790$44,508,016$45,668,325
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$10,731,116$20,132,810$20,813,797$27,537,036$35,756,691$40,309,621$43,532,694$45,054,532
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,285,577$1,024,933$647,069$0$0$0$0$0
Dividends and interest from securities$0$0$0$448,567$646,686$714,990$415,417$634,327
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$47,966$280,252$-19,245$-212,812$-182,648$-53,821$559,905$-20,534
Gross amount from sales of assets other than inventory$22,614,090$37,849,407$42,366,520$27,489,796$16,459,840$28,117,831$2,394,671$3,624,420
Less: cost or other basis and sales expenses$22,566,124$37,569,155$42,385,765$27,702,608$16,642,488$28,171,652$1,834,766$3,644,954
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$13,691,208$23,831,031$30,458,570$28,271,029$31,395,627$32,283,005$38,357,702$37,243,537
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$21,331,927$21,610,390$13,281,730$12,915,923$17,775,519$26,973,386$34,184,633$40,494,591
Excess or (deficit) for the year$-1,626,549$-2,393,036$-9,016,949$-498,238$4,825,102$8,687,785$6,150,314$8,424,788
Net assets or fund balances at beginning of year$22,099,378$21,331,927$21,610,390$13,281,730$12,915,923$17,775,519$26,973,386$34,184,633
Other changes in net assets or fund balances$859,098$2,671,499$688,289$132,431$34,494$510,082$1,060,933$-2,114,830
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$37,243,537$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$34,482,297
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$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$12,027$0$0$0
Legal fees$124,822$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$25,608$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$38,648$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$17,225$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$2,542,910$0$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$21,759,385$22,030,007$14,179,405$13,823,836$18,818,211$27,277,548$34,438,505$41,034,664
Cash - non-interest-bearing$0$0$0$0$0$151,642$701,706$228,635
Savings and temporary cash investments$2,293,880$921,657$1,053,938$3,121,925$0$0$0$0
Accounts receivable less allowance for doubtful accounts$1,040,700$1,879,200$1,750,000$2,425,924$2,774,517$2,185,980$2,783,604$2,389,808
Pledges receivable less allowance for doubtful accounts$0$0$0$0$2,516,884$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$2,300$2,300$2,300$2,300$2,862$2,862$0$0
Investments - publicly-traded securities$30,953,195$38,416,221
Investments - other securities$18,422,505$19,226,850$11,373,167$8,273,687$13,523,948$24,937,064$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
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$427,458$419,617$897,675$907,913$1,042,692$304,162$253,872$540,073
Accounts payable and accrued expenses$427,458$419,617$897,675$907,913$124,584$112,362$68,872$331,073
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$918,108$191,800$185,000$209,000
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$21,759,385$22,030,007$14,179,405$13,823,836$18,818,211$27,277,548$34,438,505$41,034,664
Total net assets or fund balances$21,331,927$21,610,390$13,281,730$12,915,923$17,775,519$26,973,386$34,184,633$40,494,591
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$12,064,659$21,437,995$21,441,621$27,772,791$36,220,729$40,970,790$44,508,016$45,668,325
Total revenue, gains, and other support per audited financial statements$12,923,757$24,061,021$22,102,276$27,852,210$36,191,856$41,407,620$45,479,159$43,457,796
Other expenses$859,098$2,671,499$688,289$132,431$34,494$510,082$1,060,933$-2,114,830
Net unrealized gains on investments$859,098$0$0$132,431$34,494$510,082$1,060,933$-2,114,830
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$2,671,499$688,289$0$0$0$0$0
Other revenue$0$48,473$27,634$53,012$63,367$73,252$89,790$95,699
Investment expenses$0$48,473$27,634$53,012$63,367$73,252$89,790$95,699
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$13,691,208$23,831,031$30,458,570$28,271,029$31,395,627$32,283,005$38,357,702$37,243,537
Total expenses and losses per audited financial statements$13,691,208$23,782,558$30,430,936$28,218,017$31,332,260$32,209,753$38,267,912$37,147,838
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$48,473$27,634$53,012$63,367$73,252$89,790$95,699
Investment expenses$0$48,473$27,634$53,012$63,367$73,252$89,790$95,699
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 meetings8
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?No
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?No
Does the organization have a written conflict of interest policy?No
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?No
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$613,793$45,054,532
Program service revenue
Program service revenue 1000000$000$0$38,878,728
Program service revenue 2000000$000$0$6,175,804
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)$634,327$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$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-20,534$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
0%$0$0
0%$0$0
0%$0$0
0%$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
1General Motors Health Care Trust For Salaried RetireesPO BOX 711034, Columbus, OH 43271-0001OH2005-01$2,357,872,443
2American Greetings Corp Welfare Benefit Tr-Post Retirement Med Ben4900 Tiedeman Rd, Brooklyn, OH 44144-2338OH2004-11$151,424,716
34th District Ibew Health Fund609 3rd Ave, Chesapeake, OH 45619-1038OH1967-03$48,552,447
4Southwest Ohio District Council Of Carpenters Health & Welf Fund-Da33 Flich Boulevard, Austintown, OH 44515OH1971-02$33,336,912
5Pipe Fitters Union Health And Welfare Fund Local 392, Local 3921228 Central Pkwy Ste 100, Cincinnati, OH 45202-7500OH1954-12$22,505,612
6Ormet Corporation Hannibal Ohio Hourly Retiree Benefit TrState Route 7 Box 176, Hannibal, OH 43931OH2006-10$14,499,950
7Ross County School Employees Ins Consortium Health & Welfare, Glandon Scott Ttee475 Western Ave Ste E, Chillicothe, OH 45601-2288OH2004-03$13,511,060
8Panhandle Non-Union Veba To Provide For Retiree Health Care And Other340 S Cleveland Ave Bldg 350, Westerville, OH 43081-8917OH2005-06$9,956,965
9Veba Trust Agreement For Ohio Educ Association Group Benefit PlanPO BOX 2550, Columbus, OH 43216-2550OH2004-09$9,024,325
10Teamsters Union Local No 92 Health And Welfare Fund Tr, Thorpe Ronald E Ttee1127 9th St Sw, Canton, OH 44707-4109OH2001-08$8,261,352
11Ovec-Ikec Union Retiree Medical TrPO BOX 1558, Columbus, OH 43216-1558OH2006-11$6,351,003
12Sheet Metal Workers Local No 33 Health & Welfare Fund33 Fitch Blvd, Austintown, OH 44515-2202OH2007-10$5,332,946
13Ovec-Ikec Retiree Medical TrPO BOX 1558, Columbus, OH 43216-1558OH2006-11$1,820,401
14Northern Ohio Advanced Hospitality Fund9100 Valley View Rd, Macedonia, OH 44056-2083OH2006-11$1,688,330
15Ovec-Ikec Retiree Life Insurance TrPO BOX 1558, Columbus, OH 43216-1558OH2006-11$1,674,345
16Panhandle-Union Health Veba Tr340 S Cleveland Ave Bldg 350, Westerville, OH 43081-8917OH2005-06$1,537,783
17Stanley Electric U S Co Inc Employees Benefit Pl Tr, Hall James V Ttee420 E High St, London, OH 43140-9501OH2001-09$279,810
18Pre-Ipo Retiree Veba Trust26301 Curtiss Wright Pkwy Ste 105, Richmond Hts, OH 44143-1454OH1999-03$36,682
19Dana Non-Union Retiree Veba Trust, Jon Cohen Ttee1300 East 9th Street, Cleveland, OH 44114-1501OH2008-09$149,208,571
20General Motors Uaw Supplemental Unemployment Benefit Trust Fund340 S Cleveland Ave Bldg 350, Westerville, OH 43081-8917OH2000-07$48,562,910
21Communicare Health Benefits Trust4700 Ashwood Dr Ste 200, Blue Ash, OH 45241-2424OH2009-02$18,841,736
22Northwestern Ohio Plumbers And Pipefitters Retiree Health And Wel, Thomas L Frazier Ttee7570 Caple Blvd Suite B, Northwood, OH 43619-1084OH2007-12$13,573,493
23Blet Disability & Welfare Benefit Trust Fund1370 Ontario St Standard Bldg, Cleveland, OH 44113-1701OH2006-10$10,809,670
24Central Employees Benefit Veba Tr800 S Washington St, Van Wert, OH 45891-2357OH2000-09$7,422,025
25Cincinnati Bell Inc Nonrepresented Employees Postretirement Welfare B, Sheehy Kimberly TteePO BOX 1118, Cincinnati, OH 45201-1118OH2007-10$5,845,726
26Eramet Marietta Inc Health & Welfare Benefits Plan For Hourly EPO BOX 299, Marietta, OH 45750-0299OH2002-01$5,448,834
27Fleet Owners Insurance Fund6511 Eastland Rd Ste 120, Brook Park, OH 44142-1309OH1954-11$5,042,278
28One-Calls Of America Inc Veba Tr, Canter Daniel J Ttee4800 Belmont Avenue, Youngstown, OH 44505-1072OH1999-02$4,730,059
29Ibew Local 596 Vacation Fund609 3rd Ave, Chesapeake, OH 45619-1038OH2001-06$4,628,883
30Cbc Companies Inc Employee Group Benefit Pl, Price William H Ttee250 E Town St, Columbus, OH 43215-4631OH1999-09$4,482,347
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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