Nonprofit · EIN 23-2082042
I B E W LOCAL 98 HEALTH & WELFARE FUND
Tax-exempt · PHILADELPHIA, PA 19112
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $97,468,463 | $85,213,078 | $12,255,385 | $214,153,930 | $1,823,876 | $212,330,054 |
| December 31, 2023 | 990 | $97,361,315 | $77,862,859 | $19,498,456 | $197,949,555 | $1,518,558 | $196,430,997 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $90,049,128
- Investment income
- $7,419,335
- Net gain from sales of assets
- $985,122
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $83,588,689
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $66,027
- Accounting fees
- $89,626
Balance sheet and other
- Total assets, start of year
- $197,949,555
- Total assets, end of year
- $214,153,930
- Total liabilities, end of year
- $1,823,876
- Net assets, end of year
- $212,330,054
- Publicly traded securities
- $110,895,355
- Gross receipts
- $127,972,626
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1953
- State of legal domicile
- PA
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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JEFF SCARPELLO | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $586,338 | $121,971 |
| MARK LYNCH | UNION TRUSTEE (P) Trustee or director | 1 | $0 | $296,178 | $182,412 |
| JAMES FOY | UNION TRUSTEE Trustee or director | 1 | $0 | $226,420 | $140,174 |
| MICHAEL KANE | UNION TRUSTEE Trustee or director | 1 | $0 | $4,976 | $0 |
| JEFF NAGLE | UNION TRUSTEE Trustee or director | 1 | $0 | $2,750 | $0 |
| SHAWN FOY | UNION TRUSTEE Trustee or director | 1 | $0 | $557 | $0 |
| SHAWN DUFF | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KEN MEYERS | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DOUG SMITH | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JEFF SCARPELLO | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $534,310 | $74,459 |
| MARK LYNCH | UNION TRUSTEE Trustee or director | 1 | $0 | $287,919 | $175,413 |
| JAMES FOY | UNION TRUSTEE Trustee or director | 1 | $0 | $222,985 | $136,561 |
| BRIAN BURROWS | UNION TRUSTEE (P) Trustee or director | 1 | $0 | $71,387 | $43,166 |
| MICHAEL KANE | UNION TRUSTEE Trustee or director | 1 | $0 | $2,143 | $0 |
| JEFF NAGLE | UNION TRUSTEE Trustee or director | 1 | $0 | $1,072 | $0 |
| DOUG SMITH | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KEN MEYERS | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4960 S 12TH ST, PHILADELPHIA, PA 19112-1328
- In care of
- % FRANK M VACCARO & ASSOC
- Principal officer (990 for 2024)
- JEFF SCARPELLO, 1719 SPRING GARDEN STREET, PHILADELPHIA, PA 191303915
- Signed the 990
- JEFF SCARPELLO, TRUSTEE
- Phone
- (215) 599-6436
- Return prepared by
- NOVAK FRANCELLA LLC
Mission
TO PROVIDE HOSPITALIZATION, SURGICAL, MEDICAL, DENTAL, VISION, PRESCRIPTION DRUG, DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT, AND WEEKLY DISABILITY BENEFITS TO ELIGIBLE MEMBERS (AND DEPENDENTS) OF INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 98.
Program accomplishments
- THE FUND PROVIDES MEDICAL, HOSPITAL-SURGICAL, DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT, PRESCRIPTION, DENTAL, VISION AND DISABILITY BENEFITS FOR MEMBERS AND THIER DEPENDENTS.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2082042
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $214,153,930
- Income (IRS master file)
- $127,972,626
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $97,468,463 | $85,213,078 | $214,153,930 | XML |
| 990 | December 2023 | $97,361,315 | $77,862,859 | $197,949,555 | XML |
| 990 | December 2022 | $89,861,638 | $78,430,420 | $175,549,774 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 23-2082042).
Questions about I B E W LOCAL 98 HEALTH & WELFARE FUND
- What is the EIN of I B E W LOCAL 98 HEALTH & WELFARE FUND?
- The employer identification number (EIN) of I B E W LOCAL 98 HEALTH & WELFARE FUND is 23-2082042.
- Is I B E W LOCAL 98 HEALTH & WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1979.
- Are donations to I B E W LOCAL 98 HEALTH & WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does I B E W LOCAL 98 HEALTH & WELFARE 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 98 HEALTH & WELFARE 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 98 HEALTH & WELFARE 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 98 HEALTH & WELFARE FUND?
- The 990 for the year ended December 31, 2024 names JEFF SCARPELLO.
- Who are the officers and directors of I B E W LOCAL 98 HEALTH & WELFARE FUND?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does I B E W LOCAL 98 HEALTH & WELFARE FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $97,468,463, expenses of $85,213,078 and total assets of $214,153,930 at year end.
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