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← NORTHEAST DISTRICT COUNCIL OF THE OPCMIA WELFARE FUND

Form 990 for tax year 2023

Filed by NORTHEAST DISTRICT COUNCIL OF THE OPCMIA WELFARE FUND.

Totals

Total revenue
$19,164,555
Total expenses
$21,175,510
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$16,797,931
Investment income
$2,144,249
Other revenue
$222,375
Total assets, end of year
$55,060,400
Total liabilities, end of year
$12,761,606
Net assets or fund balances, end of year
$42,298,794
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 $16,386,930 · related or exempt $16,386,930

  • 2b · Program service revenue: RETIREES CONTRIBUTIONS

    total $354,585 · related or exempt $354,585

  • 2c · Program service revenue: COBRA

    total $56,416 · related or exempt $56,416

  • 3 · Investment income

    total $668,433 · excluded $668,433

  • 7a · Gross sales of assets other than inventory

    securities $13,518,036

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

    securities $12,042,220

  • 7c · Gain or loss

    securities $1,475,816

  • 7d · Net gain or loss

    total $1,475,816 · excluded $1,475,816

  • 11a · Other revenue: LIQUIDATED DAMAGES & INTEREST

    total $161,765 · related or exempt $161,765

  • 11b · Other revenue: REIMB ADMINISTRATIVE EXPENSE

    total $59,715 · related or exempt $59,715

  • 11c · Other revenue: OTHER INCOME

    total $895 · related or exempt $895

  • 11e · Other revenue, total

    $222,375

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $20,052,017

  • 5 · Compensation of officers, directors and key employees

    total $133,858

  • 7 · Other salaries and wages

    total $66,923

  • 8 · Pension plan contributions

    total $14,112

  • 9 · Other employee benefits

    total $11,794

  • 10 · Payroll taxes

    total $11,774

  • 11b · Fees: legal

    total $151,382

  • 11c · Fees: accounting

    total $284,147

  • 11f · Fees: investment management

    total $303,358

  • 11g · Fees: other

    total $15,000

  • 13 · Office expenses

    total $34,654

  • 14 · Information technology

    total $52,320

  • 16 · Occupancy

    total $9,299

  • 19 · Conferences, conventions and meetings

    total $2,371

  • 22 · Depreciation, depletion and amortization

    total $212

  • 23 · Insurance

    total $27,905

  • 24a · Other expenses: MOVING EXPENSE

    total $2,616

  • 24b · Other expenses: TELEPHONE

    total $1,768

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,329,177 · end of year $3,893,034

  • 2 · Savings and temporary cash investments

    beginning of year $321,129 · end of year $238,087

  • 4 · Accounts receivable

    beginning of year $2,717,236 · end of year $1,866,053

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,715 · end of year $11,276

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

    $71,525

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

    $71,525

  • 10c · Land, buildings and equipment, net

    beginning of year $212 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $22,906,516 · end of year $24,531,598

  • 12 · Investments: other securities

    beginning of year $24,090,425 · end of year $24,363,618

  • 15 · Other assets

    beginning of year $150,611 · end of year $156,734

  • 17 · Accounts payable and accrued expenses

    beginning of year $113,737 · end of year $114,069

  • 25 · Other liabilities

    beginning of year $12,927,023 · end of year $12,647,537

  • 27 · Net assets without donor restrictions

    beginning of year $40,498,261 · end of year $42,298,794

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE PLAN PROVIDES HEALTH BENEFITS TO ELIGIBILE PARTICIPANTS HAVING ACHIEVED THE REQUIRED MINIMUM HOURS OF SERVICE IN COVERED EMPLOYEMENT. BENEFITS INCLUDE HOSPITALIZATION, SURGICAL, MAJOR MEDICAL, DENTAL, VISION, PRESCRIPTION DRUGS AND LIFE INSURANCE.

  • THE PLAN PROVIDES HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS HAVING ACHIEVED THE REQUIRED MINIMUM HOURS OF SERVICE IN COVERED EMPLOYEMENT. BENEFITS INCLUDE HOSPITALIZATION, SURGICAL, MAJOR MEDICAL, DENTAL, VISION, PRESCRIPTION DRUGS AND LIFE INSURANCE.

As filed on the 2023 return.

Listed in Part VII

  • Michael Patti

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Michael Salgo

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Kevin O'Brien

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Joseph Mitrione

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Sal Dilorenzo

    ALT EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Matthew Stevens

    ALT EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Dale Alleyne

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Edward Barbaria

    ALT UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Gino Castignoli

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 46 related

  • Michael Rendina

    ALT UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 41 related

  • David Gentille

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 42 related

  • David Rampone

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 42 related

  • Pasqualino D'Angelo

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Timothy Porter

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Lisa Parisi

    PLAN ADMINISTRATOR

    Total calculated
    $281,154
    From this org
    $107,952
    From related orgs
    $118,790
    Other
    $54,412
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $107,952 + $118,790 related
    Bonus
    $0
    Other
    $0
    Deferred
    $14,112 + $15,528 related
    Nontaxable benefits
    $11,794 + $12,978 related
    Filer's total
    $133,858 + $147,296 related

  • Diane Ferchland

    PEN & CONTRIBUTIONS

    Total calculated
    $186,777
    From this org
    $63,019
    From related orgs
    $69,346
    Other
    $54,412
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $63,019 + $69,346 related
    Bonus
    $0
    Other
    $0
    Deferred
    $14,112 + $15,528 related
    Nontaxable benefits
    $11,794 + $12,978 related
    Filer's total
    $88,925 + $97,852 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

  • 3 · Approval by the board or compensation committee

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.

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.

  • SEE ATTACHED SCHEDULE

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202423109349301562

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