Nonprofit · EIN 72-0455641
INSULATORS LOCAL NO 53 WELFARE FUND
Tax-exempt · KENNER, LA 70062
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,056,370 | $1,958,528 | $97,842 | $8,361,159 | $1,064,549 | $7,296,610 |
| December 31, 2023 | 990 | $1,745,222 | $1,369,561 | $375,661 | $8,227,715 | $1,053,714 | $7,174,001 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,705,107
- Investment income
- $351,263
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,539,233
- Compensation of officers, directors and key employees
- $17,136
- Salaries, compensation and benefits (total)
- $27,655
- Professional fundraising fees
- $0
- Legal fees
- $20,357
- Accounting fees
- $25,702
- Occupancy
- $4,903
- Program services (functional)
- $1,854,249
- Management and general (functional)
- $104,279
Balance sheet and other
- Total assets, start of year
- $8,227,715
- Total assets, end of year
- $8,361,159
- Total liabilities, end of year
- $1,064,549
- Net assets, end of year
- $7,296,610
- Gross receipts
- $2,056,370
- Employees
- 1
- Volunteers
- 4
- Year formed
- 1953
- State of legal domicile
- LA
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 | Other / benefits |
|---|---|---|---|---|
| RYAN BORDELON | EXECUTIVE DIRECTOR | 1 | $17,136 | $8,718 |
| SCOTT MCLEAN | Trustee Trustee or director | 1 | $0 | $0 |
| DAVID SCHUBER | Trustee Trustee or director | 1 | $0 | $0 |
| CARL WILSON | Trustee Trustee or director | 1 | $0 | $0 |
| KRISTOPHER COMEAUX | Chairman Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT MCLEAN | Trustee Trustee or director | 1 | $0 |
| DAVID SCHUBER | Trustee Trustee or director | 1 | $0 |
| CARL WILSON | Trustee Trustee or director | 1 | $0 |
| KRISTOPHER COMEAUX | Chairman Trustee or director | 1 | $0 |
| RYAN BORDELON | EXECUTIVE DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2001 VETERANS MEMORIAL BLVD STE 201, KENNER, LA 70062-5466
- In care of
- % JAMES PRATT ADMINISTRATOR
- Signed the 990
- KRISTOPHER COMEAUX, Chairman
- Phone
- (504) 468-9654
- Return prepared by
- TED SOILEAU CPA LLC
Mission
THE FUND RECEIVES CONTRIBUTIONS FROM PARTICIPATING CONTRACTORS/ MEMBERS WHO EMPLOY MEMBERS OF THE UNION. CONTRIBUTIONS ARE RECEIVED ON EACH COVERED HOUR WORKED. THESE FUNDS ARE USED TO PROVIDE HEALTH INSURANCE BENEFITS TO ELIGIBLE PARTICIPANTS.
Program accomplishments
- STOP LOSS INSURANCE COVERAGEExpenses $122,917
- THE FUND PROVIDES A PRESCRIPTION DRUG CARD TO ELIGIBLE PARTICIPANTS AND THEIR QUALIFIED DEPENDENTS.Expenses $73,134
- THE FUND PROVIDES MAJOR MEDICAL BENEFITS FOR HOSPITAL, DOCTOR, LAB AND DIAGNOSTIC HEALTH CARE TO ELIGIBLE PARTICIPANTS AND THEIR QUALIFIED DEPENDENTS.Expenses $9,864
- THE WELFARE FUND PROVIDES MAJOR MEDICAL HEALTH, PRESCRIPTION AND GROUP TERM LIFE INSURANCE COVERAGE. TOTAL COSTS FOR EACH SERVICE ARE DETAILED HERE IN PART III. THIS FINAL AMOUNT $9,864 IS FOR GROUP TERM LIFE INSURANCE ONLY.
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
- 72-0455641
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1954
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,361,159
- Income (IRS master file)
- $2,056,370
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,056,370 | $1,958,528 | $8,361,159 | XML |
| 990 | December 2023 | $1,745,222 | $1,369,561 | $8,227,715 | XML |
| 990 | December 2022 | $2,735,176 | $1,625,159 | $7,764,522 | 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 72-0455641).
Questions about INSULATORS LOCAL NO 53 WELFARE FUND
- What is the EIN of INSULATORS LOCAL NO 53 WELFARE FUND?
- The employer identification number (EIN) of INSULATORS LOCAL NO 53 WELFARE FUND is 72-0455641.
- Is INSULATORS LOCAL NO 53 WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1954.
- Are donations to INSULATORS LOCAL NO 53 WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INSULATORS LOCAL NO 53 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 INSULATORS LOCAL NO 53 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 INSULATORS LOCAL NO 53 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 are the officers and directors of INSULATORS LOCAL NO 53 WELFARE FUND?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $17,136 (RYAN BORDELON, EXECUTIVE DIRECTOR).
- How much revenue does INSULATORS LOCAL NO 53 WELFARE FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,056,370, expenses of $1,958,528 and total assets of $8,361,159 at year end.
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