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Nonprofiteer
← TEAMSTERS LOCAL NO 1150 PRESCRIPTION DRUG BENEFIT FUND

Form 990 for tax year 2022

Filed by TEAMSTERS LOCAL NO 1150 PRESCRIPTION DRUG BENEFIT FUND.

Totals

Total revenue
$22,365,330
Total expenses
$21,444,196
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,072,544
Investment income
$105,212
Other revenue
$8,187,574
Total assets, end of year
$12,141,883
Total liabilities, end of year
$1,045,486
Net assets or fund balances, end of year
$11,096,397
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 $11,828,943 · related or exempt $11,828,943

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $2,223,914 · related or exempt $2,223,914

  • 2c · Program service revenue: COBRA CONTRIBUTIONS

    total $19,687 · related or exempt $19,687

  • 3 · Investment income

    total $261,066 · excluded $261,066

  • 7a · Gross sales of assets other than inventory

    securities $1,091,413

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

    securities $1,247,267

  • 7c · Gain or loss

    securities -$155,854

  • 7d · Net gain or loss

    total -$155,854 · excluded -$155,854

  • 11a · Other revenue: PRESCRIPTION REBATES

    total $8,187,574 · related or exempt $8,187,574

  • 11e · Other revenue, total

    $8,187,574

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $21,163,334

  • 11b · Fees: legal

    total $24,000

  • 11c · Fees: accounting

    total $10,000

  • 11f · Fees: investment management

    total $12,332

  • 11g · Fees: other

    total $226,544

  • 13 · Office expenses

    total $1,145

  • 23 · Insurance

    total $6,841

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,793,299 · end of year $1,265,377

  • 4 · Accounts receivable

    beginning of year $3,141,927 · end of year $3,516,933

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,697 · end of year $6,827

  • 11 · Investments: publicly traded securities

    beginning of year $5,043,903 · end of year $7,352,746

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,834 · end of year $27,486

  • 25 · Other liabilities

    beginning of year $1,009,000 · end of year $1,018,000

  • 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 $9,958,992 · end of year $11,096,397

Mission and programs · 2022

Mission

PROVIDE PRESCRIPTION BENEFITS TO MEMBERS OF TEAMSTERS LOCAL UNION 1150 EMPLOYED AT SIKORSKY AIRCRAFT.

  • THE FUND PROVIDES PRESCRIPTION BENEFITS FOR ELIGIBLE MEMBERS AND DEPENDENTS.

As filed on the 2022 return.

Listed in Part VII

  • John Santamaria

    UNION TRUSTEE

    Total calculated
    $33,149
    From this org
    $0
    From related orgs
    $28,129
    Other
    $5,020
    Hours/week
    2 + 60 related

  • Rocco Calo

    UNION TRUSTEE

    Total calculated
    $248,672
    From this org
    $0
    From related orgs
    $198,337
    Other
    $50,335
    Hours/week
    2 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,337 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,990 related
    Nontaxable benefits
    $0 + $38,345 related
    Filer's total
    $0 + $248,672 related

  • Debra Johnson

    (FORMER)UNION TRUSTEE

    Total calculated
    $44,000
    From this org
    $0
    From related orgs
    $44,000
    Other
    $0
    Hours/week
    2 + 20 related

  • Kalyn Redlowsk

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Melissa Wessells

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Steve Lawrence

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dennis Yaremich

    UNION TRUSTEE

    Total calculated
    $182,987
    From this org
    $0
    From related orgs
    $171,388
    Other
    $11,599
    Hours/week
    2 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,388 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,599 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $182,987 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

None.

Answered no

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

The filer's explanations (Part III)

PART I, LINE 3
AMOUNTS PAID TO UNION TRUSTEES BY RELATED PARTY TEAMSTERS LOCAL 1150 IS DETERMINED BY THE UNION BYLAWS AND APPROVED BY THE LOCAL UNION EXECUTIVE BOARD FOR THEIR ROLE AS ELECTED UNION OFFICERS.

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.

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.

  • SIKORSY AIRCRAFT CORPORATION

    C · DE

Provenance

Return type
form_990
Tax year
2022
Filed
20 June 2024
IRS schema version
2022v5.0
Source object
202421769349300777

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