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Nonprofit · EIN 34-0747441

PIPE FITTERS-120 INSURANCE FUND

Tax-exempt · CLEVELAND, OH 44125

Financials

$20M$19.1M2023$22.6M$20.6M2024
Revenue Expenses · by fiscal year end
Financials of PIPE FITTERS-120 INSURANCE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$22,645,354$20,562,215$2,083,139$34,438,339$5,734,953$28,703,386
December 31, 2023990$20,004,769$19,088,839$915,930$30,278,534$4,837,710$25,440,824
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$21,658,486
Investment income
$986,868
Net gain from sales of assets
-$123,471
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$19,208,301
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$32,260
Accounting fees
$23,891
Occupancy
$57,000
Depreciation
$6,427

Balance sheet and other

Total assets, start of year
$30,278,534
Total assets, end of year
$34,438,339
Total liabilities, end of year
$5,734,953
Net assets, end of year
$28,703,386
Land, buildings and equipment
$16,510
Publicly traded securities
$25,079,042
Gross receipts
$34,975,606
Employees
0
Volunteers
0
Year formed
1953
State of legal domicile
OH

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
DONALD OLSFUND MGR & FIN SECY-TREAS
Officer
1$0$169,371$97,953
DAN GALLAGHERTRUSTEE-UNION
Trustee or director
1$0$154,115$94,319
PATRICK COOKTRUSTEE-UNION
Trustee or director
1$0$153,636$94,319
JOSEPH FRASERTRUSTEE-UNION
Trustee or director
1$0$2,972$0
ANDREW HIRKOTRUSTEE-CONTRACTOR
Trustee or director
1$0$0$0
DAVID KATZTRUSTEE-CONTRACTOR
Trustee or director
1$0$0$0
DAN KRONENFELDTRUSTEE-CONTRACTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DONALD OLSFUND MGR & FIN SECY-TREAS
Officer
1$0$166,079$94,947
DAN GALLAGHERTRUSTEE-UNION
Trustee or director
1$0$149,868$91,428
PATRICK COOKTRUSTEE-UNION
Trustee or director
1$0$78,031$44,380
JOSEPH FRASERTRUSTEE-UNION
Trustee or director
1$0$4,912$0
ANDREW HIRKOTRUSTEE-CONTRACTOR
Trustee or director
1$0$0$0
DAVID KATZTRUSTEE-CONTRACTOR
Trustee or director
1$0$0$0
DAN KRONENFELDTRUSTEE-CONTRACTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
6305 HALLE DR, CLEVELAND, OH 44125-4617
Principal officer (990 for 2024)
RYAN MCCAFFERTY, 6305 HALLE DRIVE, CLEVELAND, OH 44125
Signed the 990
RYAN MCCAFFERTY, FUND MANAGER
Phone
(216) 447-4480
Return prepared by
CIUNI & PANICHI INC

Mission

THE ORGANIZATION IS A DEFINED BENEFIT HEALTH AND WELFARE PLAN COVERING INDIVIDUALS REPRESENTED BY PIPE FITTERS LOCAL UNION NO. 120 LOCATED PRIMARILY IN NORTHEASTERN OHIO. (CONTINUED ON SCHEDULE O)THE PLAN PROVIDES HEALTH BENEFITS (MEDICAL, HOSPITAL, SURGICAL, VISION AND DENTAL) TO THOSE WHO QUALIFY AND THEIR COVERED DEPENDENTS. THE PLAN ALSO PROVIDES LIFE INSURANCE COVERAGE, SHORT-TERM DISABILITY BENEFITS AND DEATH BENEFITS TO THOSE WHO QUALIFY.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS.
    Expenses $19,248,890
  • ADMINISTRATION OF THE PIPE FITTERS LOCAL UNION NO. 120 INSURANCE FUND.

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
34-0747441
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1957
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$34,438,339
Income (IRS master file)
$34,975,606

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$22,645,354$20,562,215$34,438,339XML
990December 2023$20,004,769$19,088,839$30,278,534XML
990December 2022$18,545,143$16,854,905$27,032,013IRS
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 34-0747441).

Questions about PIPE FITTERS-120 INSURANCE FUND

What is the EIN of PIPE FITTERS-120 INSURANCE FUND?
The employer identification number (EIN) of PIPE FITTERS-120 INSURANCE FUND is 34-0747441.
Is PIPE FITTERS-120 INSURANCE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1957.
Are donations to PIPE FITTERS-120 INSURANCE FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PIPE FITTERS-120 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 PIPE FITTERS-120 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 PIPE FITTERS-120 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 PIPE FITTERS-120 INSURANCE FUND?
The 990 for the year ended December 31, 2024 names RYAN MCCAFFERTY.
Who are the officers and directors of PIPE FITTERS-120 INSURANCE FUND?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does PIPE FITTERS-120 INSURANCE FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $22,645,354, expenses of $20,562,215 and total assets of $34,438,339 at year end.

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