Pipeline Industry Benefit Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 730742835 ✦ Tulsa, OK ✦ Designated as a 501(c)(9)

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Overview

What is Pipeline Industry Benefit Fund?

The Pipeline Industry Benefit Fund is a nonprofit organization dedicated to offering health and death benefits to eligible participants and their dependents. This fund extends health benefits to eligible disabled and retired participants, as well as widowed spouses of eligible, disabled, and retired individuals. Its programs comprise health reimbursement arrangement benefits and senior health and accident coverage. In essence, the Pipeline Industry Benefit Fund serves to ensure that those eligible receive necessary coverage for their health and wellbeing.


Official website here: www.pibf.org

Is Pipeline Industry Benefit Fund legitimate?

Pipeline Industry Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Pipeline Industry Benefit Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $355,139
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,837,733

For more financial information, click here


Official website here: www.pibf.org

What is the mission statement of Pipeline Industry Benefit Fund?

The Pipeline Industry Benefit Fund is dedicated to extending health and death benefits to eligible individuals and their dependents. This organization ensures coverage for a vast array of benefits, primarily focusing on the health needs of participants and their families. The fund goes beyond the basics by providing health benefits to eligible retirees, disabled individuals, and widowed spouses. Through its health reimbursement arrangement benefits and senior health and accident coverage programs, the Pipeline Industry Benefit Fund offers comprehensive support to those in need.


Official website here: www.pibf.org

Who is the CEO of Pipeline Industry Benefit Fund?

Renee Vause is the Trustee, Co-Chairman of Pipeline Industry Benefit Fund.


Official website here: www.pibf.org

What is the revenue of Pipeline Industry Benefit Fund?

Pipeline Industry Benefit Fund's revenue in 2022 was $44,150,642.


Official website here: www.pibf.org

Who are the executives of Pipeline Industry Benefit Fund and what are their salaries?

The average compensation at Pipeline Industry Benefit Fund during 2022 was $73,096. There are 30 employees and 6 volunteers at Pipeline Industry Benefit Fund.


Here are 12 key members and their salaries:


Daniel Hendrix (Trustee, Co-Chairman)
  • Compensation: $0
  • Related: $317,746
  • Other: $163,644
Justin Wallace (Trustee, Secretary)
  • Compensation: $0
  • Related: $328,814
  • Other: $164,712
Kelly Osborn (Trustee, Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronnie Wise (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bobby Poteete (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Kime (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Somerville (Trustee, Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee Vause (Director)
  • Compensation: $280,289
  • Related: $0
  • Other: $74,850
Chad S Williams (Pensions & Contributions Manager)
  • Compensation: $254,439
  • Related: $0
  • Other: $73,057
Amber Troyer (Controller)
  • Compensation: $119,591
  • Related: $0
  • Other: $63,954
Kimberly Brasiola (Claims Manager)
  • Compensation: $117,832
  • Related: $0
  • Other: $61,141
Steve Rowden (Operations Manager)
  • Compensation: $116,867
  • Related: $0
  • Other: $63,808


Official website here: www.pibf.org

Where can I find the form 990 for Pipeline Industry Benefit Fund?

Pipeline Industry Benefit Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.pibf.org

Learn more at the official website: www.pibf.org

Mission Statement of Pipeline Industry Benefit Fund

The Pipeline Industry Benefit Fund, a notable organization, is dedicated to extending health and death benefits to eligible participants and their dependents. This nonprofit organization ensures coverage for a significant number of individuals, offering them peace of mind and crucial support.

In more detail, the Pipeline Industry Benefit Fund's mission is geared towards providing comprehensive health and death benefits to the eligible participants of its program. This coverage extends to the dependents of these individuals, ensuring that a broader range of people within the community are taken care of. Furthermore, the organization offers health benefits tailored for eligible disabled and retired participants, as well as widowed spouses of disabled, retired, and eligible individuals.

The Pipeline Industry Benefit Fund's programs are designed to cater to the diverse needs of its beneficiaries. Some of its key offerings include health reimbursement arrangement benefits and senior health and accident coverage. These benefits empower individuals to access essential healthcare services and manage unforeseen circumstances, ultimately enhancing their overall well-being.

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Impact




October, 2024

The Pipeline Industry Benefit Fund significantly enhances the well-being of eligible participants and their families by providing comprehensive health and death benefits. This support is crucial for ensuring access to necessary medical care, fostering a sense of security among participants, and alleviating financial burdens associated with health-related expenses.

By offering health reimbursement arrangements and specialized coverage for seniors, disabled individuals, and widowed spouses, the Fund addresses the unique needs of these groups, allowing them to maintain a higher quality of life during challenging times. Furthermore, the outreach to retired participants underscores the commitment to serving individuals across various stages of their lives, ensuring continuity of care and support.

In essence, the Fund plays a vital role in promoting health stability within the pipeline industry community, helping to safeguard the future of its participants and their dependents. This proactive approach not only benefits individuals directly but also strengthens the overall resilience and well-being of the workforce and their families.




This information is meant to be a general summary of Pipeline Industry Benefit Fund. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$44,150,642 (2022)
Expenses
$49,238,000 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,245,657
  • Program Service Revenue: $42,904,385
  • Gross Receipts: $44,150,672

Assets and Liabilities:

  • Total Assets: $58,317,793
  • Total Liabilities: $643,337
  • Net Assets: $57,674,456

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$35,616,723

RETIREES SELF-PAY CONTRIBUTIONS

Revenue

$3,062,809

COBRA CONTRIBUTIONS

Revenue

$2,212,642

REBATE INCOME

Revenue

$2,012,211

Organization Details

Founding Year

1964

Principal Officer

Renee Vause

Main Address

PO BOX 470950, TULSA, OK, 74147

NTEE Category

Code: Y40 - Mutual benefit

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