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← INTERNATIONAL BROTHERHOOD OF TEAMSTERS-710 HEALTH & WELFARE FUN

Form 990 for tax year 2023

Filed by INTERNATIONAL BROTHERHOOD OF TEAMSTERS-710 HEALTH & WELFARE FUN.

Totals

Total revenue
$45,801,240
Total expenses
$37,383,803
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$45,028,542
Investment income
$772,666
Other revenue
$32
Total assets, end of year
$144,348,663
Total liabilities, end of year
$6,132,772
Net assets or fund balances, end of year
$138,215,891
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $43,703,444 · related or exempt $43,703,444

  • 2b · Program service revenue: RETIREE CONTRIBUTIONS

    total $540,000 · related or exempt $540,000

  • 2c · Program service revenue: CLAIMS REFUNDS AND SET

    total $445,564 · related or exempt $445,564

  • 2d · Program service revenue: PARTICIPANT CONTRIBUTI

    total $339,534 · related or exempt $339,534

  • 3 · Investment income

    total $2,038,421 · excluded $2,038,421

  • 7a · Gross sales of assets other than inventory

    securities $44,226,560

  • 7b · Less cost or other basis and sales expenses

    securities $45,492,315

  • 7c · Gain or loss

    securities -$1,265,755

  • 7d · Net gain or loss

    total -$1,265,755 · excluded -$1,265,755

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $32 · related or exempt $32

  • 11e · Other revenue, total

    $32

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $35,091,395

  • 5 · Compensation of officers, directors and key employees

    total $177,676

  • 7 · Other salaries and wages

    total $508,994

  • 8 · Pension plan contributions

    total $202,240

  • 9 · Other employee benefits

    total $172,678

  • 10 · Payroll taxes

    total $46,302

  • 11b · Fees: legal

    total $225,166

  • 11c · Fees: accounting

    total $89,208

  • 11f · Fees: investment management

    total $164,899

  • 11g · Fees: other

    total $133,313

  • 13 · Office expenses

    total $139,092

  • 14 · Information technology

    total $168,771

  • 16 · Occupancy

    total $113,817

  • 19 · Conferences, conventions and meetings

    total $48,920

  • 22 · Depreciation, depletion and amortization

    total $8,663

  • 23 · Insurance

    total $92,669

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,739,767 · end of year $5,031,265

  • 2 · Savings and temporary cash investments

    beginning of year $5,932,217 · end of year $8,377,677

  • 4 · Accounts receivable

    beginning of year $4,792,768 · end of year $4,012,437

  • 9 · Prepaid expenses and deferred charges

    beginning of year $63,575 · end of year $74,281

  • 10a · Land, buildings and equipment: cost or other basis

    $669,234

  • 10b · Land, buildings and equipment: accumulated depreciation

    $648,757

  • 10c · Land, buildings and equipment, net

    beginning of year $23,758 · end of year $20,477

  • 11 · Investments: publicly traded securities

    beginning of year $68,705,921 · end of year $75,595,831

  • 12 · Investments: other securities

    beginning of year $40,260,866 · end of year $50,850,095

  • 15 · Other assets

    beginning of year $274,200 · end of year $386,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,376 · end of year $120,266

  • 25 · Other liabilities

    beginning of year $7,730,066 · end of year $6,012,506

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $120,986,630 · end of year $138,215,891

Mission and programs · 2023

Mission

TO PROVIDE HEALTH BENEFITS TO THE ELIGIBLE PARTICIPANTS AND DEPENDENTS OF INTERNATIONAL BROTHERHOOD OF TEAMSTERS 710 HEALTH & WELFARE FUND.

  • TO PROVIDE HEALTH, LIFE, TEMPORARY DISABILITY, ACCIDENTAL DEATH AND DISMEMBERMENT, PRESCRIPTION DRUGS, DENTAL AND VISION BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

As filed on the 2023 return.

Listed in Part VII

  • Samuel D Pilger

    CO-CHAIR/TRUSTE

    Total calculated
    $60,186
    From this org
    $12,011
    From related orgs
    $48,175
    Other
    $0
    Hours/week
    1

  • Gary Caldwell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bernard T Sherlock

    TRUSTEE

    Total calculated
    $193,812
    From this org
    $0
    From related orgs
    $134,742
    Other
    $59,070
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $115,000 related
    Bonus
    $0 + $2,500 related
    Other
    $0 + $17,242 related
    Deferred
    $0 + $31,249 related
    Nontaxable benefits
    $0 + $27,821 related
    Filer's total
    $0 + $193,812 related

  • Delmar Schaefer

    TRUSTEE

    Total calculated
    $233,771
    From this org
    $0
    From related orgs
    $174,583
    Other
    $59,188
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,365 related
    Bonus
    $0 + $2,500 related
    Other
    $0 + $7,718 related
    Deferred
    $0 + $31,249 related
    Nontaxable benefits
    $0 + $27,939 related
    Filer's total
    $0 + $233,771 related

  • Michael J Cales

    CO-CHAIR/TRUSTEE

    Total calculated
    $267,757
    From this org
    $0
    From related orgs
    $208,569
    Other
    $59,188
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,000 related
    Bonus
    $0 + $2,500 related
    Other
    $0 + $21,069 related
    Deferred
    $0 + $31,249 related
    Nontaxable benefits
    $0 + $27,939 related
    Filer's total
    $0 + $267,757 related

  • Dan Hoyer

    TRUSTEE

    Total calculated
    $32,564
    From this org
    $20,564
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    1

  • Michael O'Malley

    ADMINISTRATOR

    Total calculated
    $229,800
    From this org
    $171,950
    From related orgs
    $0
    Other
    $57,850
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $166,950
    Bonus
    $5,000
    Other
    $0
    Deferred
    $15,624 + $15,624 related
    Nontaxable benefits
    $13,301 + $13,301 related
    Filer's total
    $200,875 + $28,925 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • IB OF T LOCAL NO 710 PENSION FUND

    501(A) · PROVIDE RETIREMENT, DISABILITY AND DEATH BENEFITS · IL

  • IB OF T LOCAL UNION NO 710

    501(C)(5) · LABOR ORGANIZATION · IL

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ARKANSAS BEST FRT-GE

  • AURORA PACKING CO D

  • BREAKTHRU BEVERAGE G

  • CASSENS TRANSPORT CO

  • CITY FOODS

  • CPC HOME PRODUCTS L

  • FOUR STAR FOODS INC

  • GUARINO WHOLESALE I

  • HEBDING TRANSPORT I

  • HOFMEISTER JOHN AND

  • IB OF T LOCAL UNI

  • KALUZNY BROTHERS IN

  • L AND L PROVISION

  • LG&ELINDE

  • LINCOLN PROVISIONS I

  • MAHONEY ENVIRONMENTA

  • MARTIN BROWERGSF

  • MONDELEZ GLOBAL LLC

  • MORREALE JOHN R I

  • NEALEY FOODS

  • OFFICE OF THE TRUSTE

  • PACIFIC RAIL SERVICE

  • RANDOLPH PACKING CO

  • ROSE PACKING COMPANY

  • SOUTHERN GLAZER'S WI

  • STOCK YARDS CHICAGO

  • USF HOLLAND INC

  • VANEK INC

  • VANEK INC - FLATBED

  • WHITE CASTLE SYSTEM

  • WICHITA PACKING COMP

  • YRC WORLDWIDE

  • AUTO WAREHOUSING COM

  • DARLING INGREDIENTS

Provenance

Return type
form_990
Tax year
2023
Filed
12 June 2024
IRS schema version
2023v5.0
Source object
202401649349301120

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