2024-05-02T11:30:03-07:00 2023-06-30 451621265 TED SOILEAU CPA LLC 429 GOVERNMENT ST FL 2 BATON ROUGE LA 70802 990 2022-07-01 726041617 INSULATORS LOCAL NO 53 VACATION FUND INSU 5044689654 2001 VETERANS BLVD 201 KENNER LA 70062 KRISTOPHER COMEAUX Chairman 2024-05-02 true KRISTOPHER COMEAUX 999009999 true Ted A Soileau P00852991 2257667910 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z KRISTOPHER COMEAUX 2001 VETERANS BLVD 201 KENNER LA 70062 540388 false X N/A X 1966 LA A UNION MEMBERSHIP VACATION BENEFIT PLAN X 6 6 0 6 0 0 536323 536965 3326 3423 0 539649 540388 0 482248 422810 0 0 0 2623 4497 484871 427307 54778 113081 310736 332714 197406 106303 113330 226411 A UNION MEMBERSHIP VACATION BENEFIT PLAN false false THE FUND SERVES AS A MEMEBER BENEFIT PLAN PROVIDING VACATION BENEFITS TO MEMBERS PARTICIPATING WITH SIGNATORY EMPLOYERS. THE VACATION BENEFIT IS PAID TO THE MEMBERSHIP ON A SEMI-ANNUAL BASIS. false false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false true false true false false true 0 0 true 0 false false false false false false false false X 6 6 false false false false true true false true true false false true true true true true true false false false X RYAN BORDELON 5044689654 2001 VETERANS BLVD KENNER LA 70062 X CARL WILSON Trustee 1.00 0.00 X 0 0 0 JOSEPH LOYACANO Trustee 1.00 0.00 X 0 0 0 MICHAEL O'CONNOR Trustee 1.00 0.00 X 0 0 0 SCOTT MCLEAN Trustee 1.00 0.00 X 0 0 0 DAVID SCHUBER Trustee 1.00 0.00 X 0 0 0 ANDREW N O'BRIEN Trustee 1.00 0.00 X 0 0 0 KRISTOPHER COMEAUX Trustee 1.00 0.00 X 0 0 0 0 false false false 0 0 MEMBERSHIP CONTRIBUTIONS 525100 536965 536965 536965 3423 3423 0 0 0 0 0 0 0 INSURANCE REIMB 900099 0 540388 536965 3423 0 0 0 422810 0 0 0 0 0 0 0 0 3736 0 0 0 0 0 390 0 0 0 0 0 0 0 0 0 371 0 427307 0 0 0 260539 302152 0 0 50197 30562 0 0 0 0 0 12023 12023 0 0 0 0 0 0 310736 332714 197406 106303 197406 106303 X 113330 226411 113330 226411 310736 332714 113081 X false true X true false 12023 12023 VACATION BENEFITS PAYABLE 106303 106303 X 540388 540388 540388 427307 427307 427307 Part X : FIN48 Footnote ACCOUNTING FOR THE UNCERTAINTY OF TAX POSITIONS CAN IMPACT THE FINANCIAL STATEMENTS. EVEN THOUGH THE FUND IS EXEMPT FROM INCOME TAXES, THE FUND MUST STILL CONSIDER WHETHER ITS EXEMPT INCOME AND OTHER ACTIVITIES OF THE FUND MIGHT BE DETERMINED TO BE UNRELATED BUSINESS INCOME, AND WHETHER THE FUND HAS PROPERLY MAINTAINED ITS TAX EXEMPT STATUS. FASB ASC 740 FORMERLY FIN 48 , PUBLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD, ADDRESSES THE ISSUE OF ACCOUNTING FOR THE UNCERTAINTY OF MATERIAL TAX POSITIONS IMPACTING THE FINANCIAL STATEMENTS. THE BOARD OF TRUSTEES HAS ADOPTED THE PROVISIONS OF FASB ASC 740 EFFECTIVE JUNE 30, 2009. THE ACCOUNTING FOR ALL MATERIAL POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, ON ANY INCOME TAX RETURN IS GOVERNED BY FASB ASC 740. INCOME TAX RETURNS INCLUDE THOSE POSITIONS THAT WERE FILED OR THAT SHOULD HAVE BEEN FILED WITH FEDERAL TAXING AUTHORITIES. IT IS THE BOARD OF TRUSTEES POLICY TO ASSESS ALL MATERIAL POSTIONS TAKEN ON ANY FEDERAL INCOME TAX RETURN. THE BOARD WILL REQUIRE ITS LEGAL AND TAX COUNSEL TO COMMUNICATE TO THEM ALL SUCH UNCERTAIN TAX POSITIONS IN ORDER TO EVALUATE THE IMPACT OF THE TAX POSITION AND THE REPORTING AND DISCLOSURE REQUIRED. THE REQUIREMENT WILL APPLY TO NOT ONLY THE CURRENT REPORTING YEAR BUT ALSO TO ALL PRIOR OPEN REPORTING YEARS THAT COULD STILL BE SUBJECT TO EXAMINATION BY A TAXING AUTHORITY. THE BOARD OF TRUSTEES HAS DETERMINED THAT ANY MATERIAL UNCERTAIN TAX POSITIONS THAT ARE PRESENTED TO THE BOARD OF TRUSTEES WILL BE RECOGNIZED AND MEASURED USING A MORE-LIKELY-THAN-NOT , MLTN THRESHOLD. THE MLTN THRESHOLD MEANS THAT 1. A BENEFIT RELATED TO AN UNCERTAIN TAX POSITION MAY NOT BE RECOGNIZED IN THE FINANCIAL STATEMENTS UNLESS IT IS MLTN THAT THE POSITION WILL BE SUSTAINED BASED ON ITS TECHNICAL MERITS, AND 2. THERE MUST BE MORE THAN A 50 LIKELIHOOD THAT THE POSITION WOULD BE SUSTAINED IF CHALLENGED AND CONSIDERED BY THE HIGHEST COURT IN THE RELEVANT JURISDICTION. MEASUREMENT OF ANY UNCERTAIN TAX POSITION WILL REQUIRE CALCULATING THE CUMULATIVE PROBABILITY OF AN OUTCOME EITHER FOR OR AGAINST THE TAX POSITION. THE TAX BENEFIT OF A QUALIFYING POSITION IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50 LIKELY TO BE REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. INITIAL RECOGNITION OF AN UNCERTAIN TAX POSITION WILL REQUIRE CONTINUED REASSESSMENT OF THE TAX POSITION ON AN ANNUAL BASIS. AS OF EACH YEAR END ANY UNRESOLVED UNCERTAIN TAX POSTIONS MUST BE REASSESSED, AND THE TRUSTEES MUST DETERMINE WHETHER 1. THE FACTORS UNDERLYING THE SUSTAINABILITY ASSERTIONS HAVE CHANGED AND,2. THE AMOUNT OF THE RECOGNIZED TAX BENEFIT IS STILL APPROPRIATE. DEVELOPMENTS SUCH AS CASE LAW, CHANGES IN TAX LAW, NEW RULINGS OR REGULATIONS ISSUED BY TAXING AUTHORITIES, COULD AFFECT WHETHER A TAX POSITION SHOULD BE RECOGNIZED OR THE AMOUNT THAT SHOULD BE REPORTED. THE FUND WILL BE REQUIRED TO ACCRUE INTEREST AND PENALTIES THAT, UNDER PRESENT TAX LAW, THE FUND WOULD INCUR IF THE UNCERTAIN TAX POSITION ULTIMATELY WERE NOT SUSTAINED. FOR THE FISCAL YEAR ENDING JUNE 30, 2022 THERE ARE NO IDENTIFIED MATERIAL UNCERTAIN TAX POSITIONS FOR THE OPEN YEARS OF 2017 - 2022 WITH THE FILING OF ANY U.S.FEDERAL INCOME TAX RETURN. TAX RETURNS HAVE BEEN FILED FOR THE YEARS 2017-2022 AND THE STATUE OF LIMITATIONS, PURSUANT TO IRS SECTION 6501,WILL EXPIRE FOR THE YEAR 2017 UPON THE FILING OF THE 2023 TAX RETURN. VACATION BENEFITS PAID 2022-11-16 245611 FMV SAME AS COST 726041617 VACATION FUND MEMBERS 2001 VETERANS BLVD KENNER LA 70062 501 (C)(9) VACATION BENEFITS PAID 2023-05-26 222605 FMV SAME AS COST 726041617 VACATION FUND MEMBERS 2001 VETERANS BLVD KENNER LA 70062 501 (C)(9) false false false false Form 990, Part VI, Section B, Line 11b FORM 990 REVIEW PROCESS THE BOARD OF TRUSTEES RETAINS THE SERVICES OF AN INDEPENDENT PUBLIC ACCOUNTING FIRM TO PREPARE THE ANNUAL IRS FORM 990. THIS FIRM WILL PROVIDE A COPY OF THE COMPLETED FORM 990 TO THE ADMINISTRATIVE MANAGER WHO WILL REVIEW THE RETURN ON BEHALF OF THE BOARD. A COPY OF THIS RETURN HAS ALSO BEEN PROVIDED TO THE FULL BOARD OF TRUSTEES BY THE FUND ADMINISTRATOR. Form 990, Part VI, Section C, Line 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE A SUMMARY ANNUAL REPORT IS PREPARED ANNUALLY BY THE INDEPENDENT CPA FIRM WHO PREPARES THE FORM 990 AS WELL AS THE DOL FORM 5500. THIS SUMMARY ANNUAL REPORT, AS WELL AS THE ANNUAL AUDITED FINANCIAL STATEMENTS AND THE IRS FORM 990, ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. THE SUMMARY ANNUAL REPORT IS MAILED ANNUALLY TO ALL PARTICIPANTS OF THE FUND AND TO ALL PARTICIPATING EMPLOYERS. FORM 990, PART VI, LINE 12C EXPLANATION OF MONITORING AND ENFORCEMENT THE JOINT BOARD OF TRUSTEES MEETS QUARTERLY TO ADDRESS POLICY ISSUES, POLICY DECISIONS, REVIEW OF CONTRIBUTION REPORTS AND DELINQUENCIES, LEGAL COUNSEL REPORTS, AND FUND ADMINISTRATOR REPORTS. DURING THESE MEETINGS ANY ISSUES IMPACTING CONFLICT OF INTEREST OR PROHIBITIVE TRANSACTIONS WILL BE ADDRESSED BY THE JOINT BOARD OF TRUSTEES AND ACTED UPON. FORM 990, PART VI, LINE 6 EXPLANATION OF CLASSES OF MEMBERS OR SHAREHOLDER THE FUND IS MADE UP OF MEMBERS WHO'S ELIGIBILITY IS DETERMINED UNDER THE TERMS OF A COLLECTIVELY BARGAINED AGREEMENT ENTERED INTO BY THIER RESPECTIVE EMPLOYERS AND INSULATORS LOCAL 53 UNION. THE FUND IS GOVERNED BY A JOINT BOARD OF TRUSTEES CONSISTING OF ELECTED MEMBERS OF THE LOCAL AND APPOINTED REPRESENTATIVES OF THE EMPLOYERS. FORM 990, PART VI, LINE 7A HOW MEMBERS OR SHAREHOLDERS ELECT GOVERNING BODY THE GOVERNING BOARD OF TRUSTEES OPERATE THIS FUND PURSUANT TO THE RULES AND REGULATIONS OF BOTH ERISA AND THE TAFT-HARTLEY ACT WHICH COVER MULTI-EMPLOYER EMPLOYEE BENEFIT PLANS. THE GOVERNING DOCUMENT IS A TRUST AGREEMENT WHICH PROVIDES FOR THE APPOINTMENT OF EMPLOYER TRUSTEES AS WELL AS THE ELECTION OF UNION TRUSTEES. IT IS THE DUTY OF THIS JOINT BOARD OF TRUSTEES TO OVERSEE OPERATIONS OF THE VACATION FUND, SET POLICIES AND PROCEDURES FOR THE COLLECTION AND REMITTANCE OF VACATION FUND BENEFITS TO ELIGIBLE PARTICIPANTS WHO ARE COVERED BY THE COLLECTIVE BARGAINING AGREEMENT. INSULATORS LOCAL 53 PENSION FUND 2001 VETERANS BLVD 201 KENNER LA 70062 720542804 PENSION BENEFIT LA 501 C 9 NO NO false INSULATORS LOCAL 53 WELFARE FUND 2001 VETERANS BLVD 201 KENNER LA 70062 720455641 HEALTH BENEFIT LA 501 C 9 NO NO false ASBESTOS WORKERS LOCAL 53 JAC FUND 2001 VETERANS BLVD SUITE 200 KENNER LA 70062 720782786 TRAINING BENEFIT LA 501 C 3 NO NO false ASBESTOS WORKERS LOCAL NO 53 2001 VETERANS BLVD SUITE 200 KENNER LA 70062 720184645 SPONSORING EMPLOYER LA 501 C 5 NO NO false ALL TEMP INSULATIONS INC PO BOX 5125 SLIDELL LA 70469 721323477 CONTRIBUTION LA NO C CORP false CSI INC 950 MAHAFFEY RD PORT ALLEN LA 70767 203931184 SPONSORING EMPLOYER LA NO C CORP false FLUOR CONSTRUCTORS INTL 1 GALLERIA BOULEVARD SUITE 1700 METAIRIE LA 70001 330927079 CONTRIBUTION LA NO C CORP false SCI PO BOX 77304 BATON ROUGE LA 70879 CONTRIBUTION LA NO C COPR false TAYLOR SEIDENBACH PO BOX 50368 NEW ORLEANS LA 70150 CONTRIBUTION LA NO C CORP false TURNER INDUSTRIES 8687 UNITED PLAZA BLVD BATON ROUGE LA 70809 550869273 SPONSORING EMPLOYER LA NO C CORP false EAGLE INSULATORS SOUTHEAST PO BOX 15528 NEW ORLEANS LA 70010 CONTRIBUTION LA NO C CORP false ADVANCED ENERGY PROTECTION PO BOX 1268 LANCASTER PA 176081268 455094498 CONTRIBUTION PA NO C CORP false DAY & ZIMMERMAN 1500 SPRING GARDEN ST LANCASTER PA 19130 232499111 CONTRIBUTION PA NO C CORP false GOMEZ CONSTRUCTION & INSULATION 11714 INDUSTRIPLEX BLVD KENNER LA 70064 CONTRIBUTION LA NO C CORP false TSI COMPANY LLC 731 S SCOTT ST NEW ORLEANS LA 70119 CONTRIBUTION LA NO C CORP false SOUTHEAST INSULATION INC PO BOX 15528 BATON ROUGE LA 70895 CONTRIBUTION LA NO C CORP false BHI 97 LIBBEY INDUSTRIAL PARKWAY WEYMOUTH MA 02189 CONTRIBUTION MA NO C CORP false false false false false false false false false false false false false true false false false false false false INSULATORS LOCAL 53 PENSION FUND m 8445 COST INSULATORS LOCAL 53 WELFARE FUND m 2815 COST ASBESTOS WORKERS LOCAL 53 JAC FUND m 7182 COST ASBESTOS WORKERS LOCAL NO 53 m 24977 COST ALL TEMP INSULATIONS INC m 160794 COST CSI INC m 40126 COST FLUOR CONSTRUCTORS INTL m 6840 COST SCI m 23137 COST TURNER INDUSTRIES m 77659 COST EAGLE INSULATORS SOUTHEAST m 50208 COST DAY & ZIMMERMAN m 22828 COST TSI COMPANY LLC m 18746 COST SOUTHEAST INSULATION INC m 1115 COST BHI m 2751 COST PART IV LINE 35 A & 35B PURSUANT TO THE INSTRUCTIONS FOR SCHDULE R, THIS ENTITY REPRESENTS A VEBA, VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION. ACCORDINGLY, THE REPORTING OF EMPLOYER CONTRIBUTIONS BY BOTH SPONSORING ORGANIZATIONS & REMITTING EMPLOYERS IS REQUIRED. NONE OF THESE ENTITIES LISTED AS BOTH SPONSORING ORGANIZATIONS AND REMITTING EMPLOYERS CAN BE CONSTRUED TO BE A CONTROLLED ENTITY WITHIN THE MEANING OF INTERNAL REVENUE CODE SECTION 512 B 13