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Nonprofit · EIN 15-6025162

I B E W LOCAL 1249 INSURANCE FUND

Tax-exempt · CICERO, NY 13039

Financials

$67.5M$58.5M2023$69.3M$65.1M2024
Revenue Expenses · by fiscal year end
Financials of I B E W LOCAL 1249 INSURANCE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$69,348,609$65,136,293$4,212,316$134,163,371$923,815$133,239,556
December 31, 2023990$67,546,719$58,524,234$9,022,485$125,107,279$1,217,142$123,890,137
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$61,380,922
Investment income
$5,295,887
Net gain from sales of assets
$1,477,455
Other revenue
$2,671,800

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$63,978,183
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$38,078
Accounting fees
$40,300

Balance sheet and other

Total assets, start of year
$125,107,279
Total assets, end of year
$134,163,371
Total liabilities, end of year
$923,815
Net assets, end of year
$133,239,556
Publicly traded securities
$106,915,369
Gross receipts
$82,474,544
Employees
0
Volunteers
0
Year formed
1960
State of legal domicile
NY

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
RYAN YOUNGMANPLAN ADMINISTRATOR
Trustee or director, Officer
26$0$279,328$98,522
HENRY H WESTBROOK IIITRUSTEE
Trustee or director
1$0$0$0
JAMES C ATKINSTRUSTEE
Trustee or director
1$0$0$0
MARK LAWRENCETRUSTEE
Trustee or director
1$0$0$0
MICHAEL GILCHRISTTRUSTEE
Trustee or director
1$0$0$0
SCOTT LAMONTTRUSTEE
Trustee or director
1$0$0$0
TIMOTHY O'BRIENTRUSTEE
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
RYAN YOUNGMANPLAN ADMINISTRATOR
Trustee or director, Officer
26$0$294,648$101,167
HENRY H WESTBROOK IIITRUSTEE
Trustee or director
1$0$0$0
JAMES C ATKINSTRUSTEE
Trustee or director
1$0$0$0
MARK LAWRENCETRUSTEE
Trustee or director
1$0$0$0
MICHAEL GILCHRISTTRUSTEE
Trustee or director
1$0$0$0
SCOTT LAMONTTRUSTEE
Trustee or director
1$0$0$0
TIMOTHY O'BRIENTRUSTEE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
8531 BREWERTON RD STE 2, CICERO, NY 13039-9465
Principal officer (990 for 2024)
RYAN YOUNGMAN, 8531 BREWERTON ROAD 2, CICERO, NY 13039
Signed the 990
RYAN YOUNGMAN, PLAN ADMINISTRATOR
Phone
(315) 656-8390
Return prepared by
BONADIO & CO LLP

Mission

TO PROVIDE INSURANCE COVERAGE TO PLAN PARTICIPANTS

990 for the year ended December 31, 2024

Program accomplishments

  • THE PLAN IS A SELF INSURED WELFARE PLAN PROVIDING: ACCIDENTAL, HOSPITAL, MEDICAL, SURGICAL, OPTICAL, PRESCRIPTION, DEATH, DENTAL, LIFE INSURANCE, HARDSHIP PAY, DISABILITY, EDUCATION, CHILD CARE, VACATION, UNEMPLOYMENT, AND INSURANCE PREMIUMS TO PLAN PARTICIPANTS.

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
15-6025162
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1966
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$134,163,371
Income (IRS master file)
$82,474,544

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$69,348,609$65,136,293$134,163,371XML
990December 2023$67,546,719$58,524,234$125,107,279XML
990December 2022$60,134,685$51,598,613$112,073,852IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 15-6025162).

Questions about I B E W LOCAL 1249 INSURANCE FUND

What is the EIN of I B E W LOCAL 1249 INSURANCE FUND?
The employer identification number (EIN) of I B E W LOCAL 1249 INSURANCE FUND is 15-6025162.
Is I B E W LOCAL 1249 INSURANCE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1966.
Are donations to I B E W LOCAL 1249 INSURANCE FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does I B E W LOCAL 1249 INSURANCE FUND 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 I B E W LOCAL 1249 INSURANCE FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did I B E W LOCAL 1249 INSURANCE FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of I B E W LOCAL 1249 INSURANCE FUND?
The 990 for the year ended December 31, 2024 names RYAN YOUNGMAN.
Who are the officers and directors of I B E W LOCAL 1249 INSURANCE FUND?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does I B E W LOCAL 1249 INSURANCE FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $69,348,609, expenses of $65,136,293 and total assets of $134,163,371 at year end.

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