Nonprofit · EIN 04-6063733
ELECTRICAL WORKERS HEALTH AND WELFARE FUND LOCAL 103 IBEW
Tax-exempt · BOSTON, MA 02122
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2025 | 990 | $162,904,434 | $181,129,769 | -$18,225,335 | $497,363,496 | $45,857,583 | $451,505,913 |
| November 30, 2024 | 990 | $162,077,729 | $168,549,593 | -$6,471,864 | $500,306,674 | $38,921,463 | $461,385,211 |
| November 30, 2023 | 990 | $154,655,435 | $158,515,191 | -$3,859,756 | $468,434,698 | $25,181,941 | $443,252,757 |
Financial details: 990 for the year ended November 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $138,138,850
- Investment income
- $22,680,553
- Net gain from sales of assets
- $9,374,352
- Other revenue
- $2,085,031
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $175,253,023
- Compensation of officers, directors and key employees
- $334,499
- Other salaries and wages
- $1,445,191
- Salaries, compensation and benefits (total)
- $2,831,287
- Professional fundraising fees
- $0
- Legal fees
- $152,211
- Accounting fees
- $44,114
- Occupancy
- $313,069
- Depreciation
- $59,008
Balance sheet and other
- Total assets, start of year
- $500,306,674
- Total assets, end of year
- $497,363,496
- Total liabilities, end of year
- $45,857,583
- Net assets, end of year
- $451,505,913
- Land, buildings and equipment
- $722,236
- Publicly traded securities
- $288,439,581
- Net assets without donor restrictions
- $451,505,913
- Gross receipts
- $363,357,690
- Employees
- 21
- Volunteers
- 0
- Year formed
- 1953
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended November 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL P DONOVAN | FUND ADMINISTRATOR Officer | 41 | $345,870 | $77,807 |
| JOSHUA H WOOD | CONTROLLER Highest-paid employee | 13 | $165,511 | $63,112 |
| LAUREN E BRONSKE | REMIT./ELIG. SUPERVISOR Highest-paid employee | 27 | $125,145 | $62,683 |
| VERONICA MULKERN | H & W SUPERVISOR Highest-paid employee | 39 | $117,697 | $62,635 |
| LOUIS J ANTONELLIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD ANTONELLIS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT S SHEEHAN JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RENEELEONA DOZIER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KRISTEN E GOWIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL MCDONALD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHLEEN E GUINEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN MCLAUGHLIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended November 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL P DONOVAN | FUND ADMINISTRATOR Officer | 29 | $289,422 | $72,776 |
| JOSHUA H WOOD | CONTROLLER Highest-paid employee | 13 | $154,990 | $59,843 |
| VERONICA MULKERN | H & W SUPERVISOR Highest-paid employee | 39 | $110,237 | $59,286 |
| LAUREN E BRONSKE | REMIT./ELIG. SUPERVISOR Highest-paid employee | 22 | $109,784 | $59,280 |
| LOUIS J ANTONELLIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD ANTONELLIS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT S SHEEHAN JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RENEELEONA DOZIER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM E WEBER JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KRISTEN E GOWIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHLEEN E GUINEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN MCLAUGHLIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended November 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL P DONOVAN | FUND ADMINISTRATOR Officer | 33 | $274,252 | $70,367 |
| JOSHUA H WOOD | CONTROLLER Highest-paid employee | 13 | $146,245 | $59,210 |
| LAUREN E BRONSKE | REMIT./ELIG. SUPERVISOR Highest-paid employee | 20 | $104,895 | $58,769 |
| VERONICA MULKERN | H & W SUPERVISOR Highest-paid employee | 39.2 | $104,895 | $58,725 |
| LOUIS J ANTONELLIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD ANTONELLIS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT S SHEEHAN JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RENEELEONA DOZIER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM E WEBER JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KRISTEN E GOWIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAUL GRAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHLEEN E GUINEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 256 FREEPORT STREET, BOSTON, MA 02122-2845
- Principal officer (990 for 2024)
- MICHAEL P DONOVAN, 256 FREEPORT STREET, BOSTON, MA 02122
- Signed the 990
- MICHAEL P DONOVAN, FUND ADMINISTRATOR
- Phone
- (617) 288-5999
- Website
- WWW.TRUSTFUNDS103.COM
- Return prepared by
- MANZI & ASSOCIATES LLC
Mission
THE HEALTH BENEFIT PLAN PROVIDES FOR ACCIDENT, HOSPITAL, MEDICAL, PHARMACEUTICAL, SURGICAL, DENTAL,VISION, DISABILITY, FERTILITY, PARENTAL LEAVE, AND DEATH BENEFITS FOR ELIGIBLE MEMBERS AND THEIR FAMILIES, AS SPECIFIED IN THE PLAN.
Program accomplishments
- THE HEALTH BENEFIT PLAN PROVIDES FOR ACCIDENT, HOSPITAL, MEDICAL, PHARMACEUTICAL, SURGICAL, DENTAL,VISION, DISABILITY, FERTILITY, PARENTAL LEAVE, AND DEATH BENEFITS FOR ELIGIBLE MEMBERS AND THEIR FAMILIES, AS SPECIFIED IN THE PLAN.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | 990 on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990 on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990 on file |
IRS record
- EIN
- 04-6063733
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1953
- Accounting year ends
- November
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $497,363,496
- Income (IRS master file)
- $363,357,690
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | November 2025 | $162,904,434 | $181,129,769 | $497,363,496 | XML |
| 990 | November 2024 | $162,077,729 | $168,549,593 | $500,306,674 | XML |
| 990 | November 2023 | $154,655,435 | $158,515,191 | $468,434,698 | XML |
| 990 | November 2022 | $217,395,543 | $146,073,661 | $461,603,985 | IRS |
| 990 | November 2021 | – | – | – | IRS |
| 990 | November 2020 | – | – | – | IRS |
| 990 | November 2019 | – | – | – | IRS |
| 990 | November 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-6063733).
Questions about ELECTRICAL WORKERS HEALTH AND WELFARE FUND LOCAL 103 IBEW
- What is the EIN of ELECTRICAL WORKERS HEALTH AND WELFARE FUND LOCAL 103 IBEW?
- The employer identification number (EIN) of ELECTRICAL WORKERS HEALTH AND WELFARE FUND LOCAL 103 IBEW is 04-6063733.
- Is ELECTRICAL WORKERS HEALTH AND WELFARE FUND LOCAL 103 IBEW tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1953.
- Are donations to ELECTRICAL WORKERS HEALTH AND WELFARE FUND LOCAL 103 IBEW tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ELECTRICAL WORKERS HEALTH AND WELFARE FUND LOCAL 103 IBEW file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ELECTRICAL WORKERS HEALTH AND WELFARE FUND LOCAL 103 IBEW due?
- The return for tax year 2025 (the year ending November 30, 2026) is due April 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ELECTRICAL WORKERS HEALTH AND WELFARE FUND LOCAL 103 IBEW last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended November 2025.
- Who is the principal officer of ELECTRICAL WORKERS HEALTH AND WELFARE FUND LOCAL 103 IBEW?
- The 990 for the year ended November 30, 2025 names MICHAEL P DONOVAN.
- Who are the officers and directors of ELECTRICAL WORKERS HEALTH AND WELFARE FUND LOCAL 103 IBEW?
- The 990 for the year ended November 30, 2025 lists 12 people; 4 received compensation from the organization, the highest $345,870 (MICHAEL P DONOVAN, FUND ADMINISTRATOR).
- How much revenue does ELECTRICAL WORKERS HEALTH AND WELFARE FUND LOCAL 103 IBEW have?
- On its 990 for the year ended November 30, 2025 it reported revenue of $162,904,434, expenses of $181,129,769 and total assets of $497,363,496 at year end.
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