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Nonprofit · EIN 23-7091121

IBEW LOCAL UNION NO 347 HEALTH & WELFARE FUND

Tax-exempt · TROY, MI 48098

Financials

$38.3M$39.6M2023$43.3M$36.2M2024$43M$36.9M2025
Revenue Expenses · by fiscal year end
Financials of IBEW LOCAL UNION NO 347 HEALTH & WELFARE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$42,976,690$36,944,414$6,032,276$92,630,499$33,207,727$59,422,772
December 31, 2024990$43,254,168$36,163,022$7,091,146$89,925,119$41,345,649$48,579,470
December 31, 2023990$38,318,132$39,624,758-$1,306,626$73,525,576$48,658,582$24,866,994
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$37,015,115
Investment income
$5,933,548
Net gain from sales of assets
$3,330,413
Other revenue
$28,027

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$34,636,196
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$228,802
Accounting fees
$55,785

Balance sheet and other

Total assets, start of year
$89,925,119
Total assets, end of year
$92,630,499
Total liabilities, end of year
$33,207,727
Net assets, end of year
$59,422,772
Publicly traded securities
$79,612,437
Net assets without donor restrictions
$59,422,772
Gross receipts
$43,799,778
Employees
132
Year formed
1953
State of legal domicile
IA

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
ANGELA BOWERSOXTRUSTEE&SECR
Trustee or director, Officer
2$0
JIM DAVISTRUSTEE
Trustee or director
2$0
MATT DEANGELOTRUSTEE
Trustee or director
2$0
JOHN IRVINGTRUSTEE
Trustee or director
2$0
JAMIE KNUTSONALTERNATE TR
Trustee or director
2$0
DAVID REIDTRUSTEE & CH
Trustee or director, Officer
2$0
BILL SCHAFFTRUSTEE
Trustee or director
2$0
MATTHEW WARNERTRUSTEE
Trustee or director
2$0
DOUGLAS WOLFTRUSTEE
Trustee or director
2$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
ANGELA BOWERSOXTRUSTEE&SECR
Trustee or director, Officer
2$0
JIM DAVISTRUSTEE
Trustee or director
2$0
MATT DEANGELOTRUSTEE
Trustee or director
2$0
SHANNAN GARZAALTERNATE TR
Trustee or director
2$0
JOHN IRVINGTRUSTEE
Trustee or director
2$0
JAMIE KNUTSONALTERNATE TR
Trustee or director
2$0
DAVID REIDTRUSTEE & CH
Trustee or director, Officer
2$0
BILL SCHAFFTRUSTEE
Trustee or director
2$0
MATTHEW WARNERTRUSTEE
Trustee or director
2$0
DOUGLAS WOLFTRUSTEE
Trustee or director
2$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
ANGELA BOWERSOXTRUSTEE&SECR
Trustee or director, Officer
2$0
JIM DAVISTRUSTEE
Trustee or director
2$0
MATT DEANGELOTRUSTEE
Trustee or director
2$0
SHANNAN GARZAALTERNATE TR
Trustee or director
2$0
JOHN IRVINGTRUSTEE
Trustee or director
2$0
JAMIE KNUTSONALTERNATE TR
Trustee or director
2$0
JOE POREPPTRUSTEE
Trustee or director
2$0
DAVID REIDTRUSTEE & CH
Trustee or director, Officer
2$0
MATTHEW WARNERTRUSTEE
Trustee or director
2$0
DOUGLAS WOLFTRUSTEE
Trustee or director
2$0

Address and contacts

Address (IRS master file)
5600 NEW KING DR, TROY, MI 48098-2600
Principal officer (990 for 2025)
DAVID REID, 6809 SE BELLAGIO CT, ANKENY, IA 50021
Signed the 990
DAVID REID, TRUSTEE & CHAIRMAN
Phone
(855) 203-0350
Return prepared by
DEBOER & ASSOCIATES PC

Mission

THE PLAN AND TRUST WERE ESTABLISHED TO PROVIDE MEDICAL, DENTAL, SHORT-TERM DISABILITY BENEFITS, PRESCRIPTIONS, AND DEATH BENEFITS TO QUALIFIED PARTICIPANTS AND DEPENDENTS IN THE CENTRAL IOWA ELECTRICAL INDUSTRY. THE PLAN IS A COLLECTIVELY BARGAINED, MULTIEMPLOYER PLAN.

990 for the year ended December 31, 2025

Program accomplishments

  • TO PROVIDE HEALTH AND WELFARE BENEFITS TO QUALIFIED PARTICIPANTS AND DEPENDENTS IN THE CENTRAL IOWA ELECTRICAL INDUSTRY.
  • TO PROVIDE DEATH BENEFITS TO THE BENEFICIARIES OF DECEASED QUALIFIED PLAN PARTICIPANTS.
  • Expenses $36,944,414

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7091121
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1972
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$92,630,499
Income (IRS master file)
$43,799,778

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$42,976,690$36,944,414$92,630,499XML
990December 2024$43,254,168$36,163,022$89,925,119XML
990December 2023$38,318,132$39,624,758$73,525,576XML
990December 2022$36,098,437$30,944,096$60,628,659IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 23-7091121).

Questions about IBEW LOCAL UNION NO 347 HEALTH & WELFARE FUND

What is the EIN of IBEW LOCAL UNION NO 347 HEALTH & WELFARE FUND?
The employer identification number (EIN) of IBEW LOCAL UNION NO 347 HEALTH & WELFARE FUND is 23-7091121.
Is IBEW LOCAL UNION NO 347 HEALTH & WELFARE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1972.
Are donations to IBEW LOCAL UNION NO 347 HEALTH & WELFARE FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does IBEW LOCAL UNION NO 347 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 IBEW LOCAL UNION NO 347 HEALTH & WELFARE FUND due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did IBEW LOCAL UNION NO 347 HEALTH & WELFARE FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of IBEW LOCAL UNION NO 347 HEALTH & WELFARE FUND?
The 990 for the year ended December 31, 2025 names DAVID REID.
Who are the officers and directors of IBEW LOCAL UNION NO 347 HEALTH & WELFARE FUND?
The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does IBEW LOCAL UNION NO 347 HEALTH & WELFARE FUND have?
On its 990 for the year ended December 31, 2025 it reported revenue of $42,976,690, expenses of $36,944,414 and total assets of $92,630,499 at year end.

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