Cement Masons Local 526 Welfare Fund in Pittsburgh, Pennsylvania (PA)

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Cement Masons Local 526 Welfare Fund
Employer Identification Number (EIN)256103482
Name of OrganizationCement Masons Local 526 Welfare Fund
Address2606 California Ave # 10, Pittsburgh, PA 15212-2637
ActivitiesOther services or benefits to members or employees, Sick, accident, death, or similar benefits
SubsectionVoluntary Employees' Beneficiary Association (Non-Govt. Emps.)
Ruling Date12/1968
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period05/2009
Assets$5,000,000 to $9,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$7,557,658
Amount of Income$5,270,833
Form 990 Revenue Amount$5,104,964
National Taxonomy of Exempt Entities (NTEE)Mutual/Membership Benefit Organizations, Other: Voluntary Employees Beneficiary Associations (Non-Government)



Amount of income in 2009: $5,270,833
Cement Masons Local 526 Welfare Fund:  $5,270,833
Other organizations performing similar types of work:  $15,312,488

Assets in 2009: $7,557,658
This organization:  $7,557,658
Other organizations performing similar types of work:  $11,778,407

Expenses in 2006: $3,382,703
Cement Masons Local 526 Welfare Fund:  $3,382,703
Other organizations performing similar types of work:  $9,675,875

Income to expenses ratio in 2006: 1.4
This organization:  1.4
Other organizations performing similar types of work:  1.0

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022006
Total revenue$3,318,426$3,371,011$3,443,576$4,829,778
Contributions, gifts, grants, and similar amounts received$0$0$0$0
Contributions to donor advised funds$0
Direct public support$0$0$0$0
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$3,137,039$3,234,322$3,350,205$4,687,866
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$173,099$134,732$10,336$75,162
Dividends and interest from securities$8,167$3,000$86,093$66,536
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$121$-1,043$-3,058$214
Gross amount from sales of assets other than inventory$44,196$26,706$13,714$7,520
Less: cost or other basis and sales expenses$44,075$27,749$16,772$7,306
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$0$0$0$0
Total expenses$2,959,943$3,700,504$3,537,093$3,382,703
Program services$0$0$0$0
Management and general$0$0$0$0
Fundraising$0$0$0$0
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$3,983,499$3,645,920$3,547,033$5,164,941
Excess or (deficit) for the year$358,483$-329,493$-93,517$1,447,075
Net assets or fund balances at beginning of year$3,629,588$3,983,499$3,645,920$3,691,395
Other changes in net assets or fund balances$-4,572$-8,086$-5,370$26,471
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,382,703$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$3,084,486
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$651$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$8,600$0$0$0
Legal fees$8,406$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$280,560$0$0$0
Balance Sheets
2000200120022006
Total assets$3,989,237$3,654,345$3,558,975$5,181,513
Cash - non-interest-bearing$22,680$109,738$62,244$9,853
Savings and temporary cash investments$1,242,234$759,681$629,132$2,108,682
Accounts receivable less allowance for doubtful accounts$500,986$451,571$449,987$595,657
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$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
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$33,180$49,243$58,781$280,960
Investments - publicly-traded securities$170,824
Investments - other securities$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$2,181,226$2,278,362$2,355,185$1,995,726
Land, buildings, and equipment less accumulated depreciation$0$0$0$0
Other assets, including program-related investments$8,931$5,750$3,646$19,811
Total liabilities$5,738$8,425$11,942$16,572
Accounts payable and accrued expenses$5,738$8,425$11,942$16,572
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$0$0$0$0
Total liabilities and net assets/fund balances$3,989,237$3,654,345$3,558,975$5,181,513
Total net assets or fund balances$3,983,499$3,645,920$3,547,033$5,164,941
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022006
Total revenue$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0
Other expenses$0$0$0$0
Net unrealized gains on investments$0$0$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$0
Other revenue$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022006
Total expenses$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0
Other revenue$0$0$0$0
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$0
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$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?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 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$4,829,778$0
Program service revenue
Program service revenue 1000000$0Section 501(c)(9), or (17) organization - Non-exempt function income set aside for the payment of life, sick, accident, or other benefits (section 512(a)(3)(B)(ii))$3,884,165$0
Program service revenue 2000000$0Section 501(c)(9), or (17) organization - Non-exempt function income set aside for the payment of life, sick, accident, or other benefits (section 512(a)(3)(B)(ii))$803,701$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$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)$75,162$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)$66,536$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))$214$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 2006)
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 2006)
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 2006)
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
1999200020012005
Total$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0
Membership fees received$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
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
Net income from unrelated business activities not included above$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
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
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
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
1United States Steel Corporation Veba Trust600 Grant St Ste 2643, Pittsburgh, PA 15219-2805PA1995-01$1,003,711,062
2National Elevator Industry Health Benefit Plan19 Campus Blvd Ste 200, Newtown Square, PA 19073PA1955-01$627,964,954
3United States Steel Corp Ins Benefits Trust Fund600 Grant St Ste 2643, Pittsburgh, PA 15219-2800PA1973-08$584,167,048
4Steelworkers Health & Welfare Fund5 Gateway Center 5th Floor, Pittsburgh, PA 15222PA1949-05$416,728,916
5Carpenters Health & Welfare Fund Of Philadelphia And Vicinity1811 Srping Garden Street, Philadelphia, PA 19130PA1964-02$337,614,092
6Permanente Medical Group Inc Medi Pl For Ret Emp By Coll Brg Agr TrPO BOX 185, Pittsburgh, PA 15230-0185PA$280,664,553
7Laborers District Council Of1425 Forbes Avenue, Pittsburgh, PA 15219-5140PA1955-01$273,906,296
8Pacific Gas & Electric Long-Term Disability Trust For Union EmplPO BOX 185, Pittsburgh, PA 15230-0185PA1995-11$270,526,390
9Steamfitters Local Union 420 Welfare Fund3 Gateway Center 401 Liberty Ave, Pittsburgh, PA 15222PA1955-05$263,664,235
10American Electric Power System Employees Benefit TrPO BOX 185, Pittsburgh, PA 15230-0185PA1969-06$251,826,380
11Apta-District Council 47 Health And Welfare Fund1606 Walnut St, Philadelphia, PA 19103-5403PA1976-05$66,520,504
12Allegheny Power System Benefit FundPO BOX 185, Pittsburgh, PA 15230-0185PA1989-02$48,573,470
13Arizona Public Srv Veba Union AlliancePittsburgh, PA 15230PA$31,404,371
14Allegheny Ludlum Corporation Bargaining Unit Veba 174-661PO BOX 185, Pittsburgh, PA 15230-0185PA1995-09$30,648,292
15Asbetos Workers Philadelphia Welfare Fund6513 Bustleton Ave, Philadelphia, PA 19149-2906PA1960-09$27,998,462
16Bayer Usa Veba 857-356PO BOX 185, Pittsburgh, PA 15230-0185PA1992-01$24,755,327
17American Electric Power System Retiree Life Insurance Trust, TrustPO BOX 185, Pittsburgh, PA 15230-0185PA1994-07$21,810,116
18Ameren Health & Welfare TrustPO BOX 185, Pittsburgh, PA 15230-0185PA1997-12$18,637,896
19Ameren Management Health TrustPO BOX 185, Pittsburgh, PA 15230-0185PA1997-11$14,356,409
20Bell Atlantic Medical 501 C 9 TrustPO BOX 185, Pittsburgh, PA 15230-0185PA1989-10$12,552,795
21Bell Atlantic Corp Employee FlexPittsburgh, PA 15230PA$6,450,939
22Bakery Drivers 485 Welfare Fund625 Stanwix Street Suite 1801, Pittsburgh, PA 15222PA1955-03$4,526,375
23Basf Corporation Employee Welfare Benefit TrustPO BOX 185, Pittsburgh, PA 15230-0185PA1989-09$2,822,245
24Agl Resources Inc Postretirement Life Insurance CoveragesPO BOX 185, Pittsburgh, PA 15230-0185PA1998-05$2,520,860
25Agl Resources Inc Postretirement Health Coverages, For Collectively Bargained EmployeePO BOX 185, Pittsburgh, PA 15230-0185PA1998-05$1,431,720
26Analytic Services Inc Anser Volunt Employees Benefic AssocnC/O Pnc Bank 620 Liberty Ave No, Pittsburgh, PA 15222-2705PA1996-07$1,040,959
27Bell Atlantic Retiree Health TrustPO BOX 185, Pittsburgh, PA 15230-0185PA1990-07$239,591
28Allegheny Ludlum Steel Corp Welfare Benefits Trust1000 Six Ppg Place, Pittsburgh, PA 15222PA1983-02$29,387
29Bell Atlantic Ibew Retiree Health TrPO BOX 185, Pittsburgh, PA 15230-0185PA1998-11$11,171
30At&t Broadband Veba TrustPittsburgh, PA 15230PA$-185,780
Number of organizations performing similar types of work
Alaska5
Alabama13
Arkansas5
Arizona12
California213
Colorado20
Connecticut40
District of Columbia24
Delaware9
Florida35
Georgia46
Hawaii21
Iowa24
Idaho5
Illinois228
Indiana43
Kansas18
Kentucky23
Louisiana9
Massachusetts80
Maryland55
Maine4
Michigan95
Minnesota82
Missouri70
Mississippi5
Montana7
North Carolina47
North Dakota7
Nebraska12
New Hampshire6
New Jersey126
New Mexico2
Nevada19
New York323
Ohio120
Oklahoma13
Oregon39
Pennsylvania199
Rhode Island20
South Carolina7
South Dakota2
Tennessee41
Texas119
Utah16
Virginia31
Vermont1
Washington64
Wisconsin58
West Virginia11
Wyoming1
Total2,475

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