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← REFRIGERATION AND AIR CONDITIONING DIVISION U A OF N J WELFARE FUND

Form 990 for tax year 2023

Filed by REFRIGERATION AND AIR CONDITIONING DIVISION U A OF N J WELFARE FUND.

Totals

Total revenue
$50,351,069
Total expenses
$45,713,709
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$49,645,486
Investment income
$705,583
Other revenue
$0
Total assets, end of year
$35,630,413
Total liabilities, end of year
$6,001,316
Net assets or fund balances, end of year
$29,629,097
Program services expenses (Part IX)
$44,600,630
Management and general expenses
$1,113,079
Fundraising expenses
$0
Program service expenses (Part III)
$44,600,630

Program services were 97.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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 $45,528,049 · related or exempt $45,528,049

  • 2b · Program service revenue: PRESCRIPTION REBATES

    total $2,474,831 · related or exempt $2,474,831

  • 2c · Program service revenue: RETIREES/COBRA CONTRIB

    total $863,277 · related or exempt $863,277

  • 2d · Program service revenue: STOP LOSS REIMBURSEMEN

    total $779,329 · related or exempt $779,329

  • 3 · Investment income

    total $705,583 · related or exempt $705,583

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $44,600,630 · program services $44,600,630

  • 11a · Fees: management

    total $874,439 · management and general $874,439

  • 11b · Fees: legal

    total $54,759 · management and general $54,759

  • 11c · Fees: accounting

    total $60,266 · management and general $60,266

  • 11f · Fees: investment management

    total $79,176 · management and general $79,176

  • 11g · Fees: other

    total $4,114 · management and general $4,114

  • 13 · Office expenses

    total $24,294 · management and general $24,294

  • 19 · Conferences, conventions and meetings

    total $2,543 · management and general $2,543

  • 23 · Insurance

    total $3,261 · management and general $3,261

  • 24a · Other expenses: PCORI FEES

    total $10,227 · management and general $10,227

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,598,767 · end of year $1,875,013

  • 4 · Accounts receivable

    beginning of year $3,083,038 · end of year $4,235,413

  • 12 · Investments: other securities

    beginning of year $25,008,446 · end of year $27,899,285

  • 15 · Other assets

    beginning of year $1,357,762 · end of year $1,620,702

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,827,373 · end of year $1,403,052

  • 25 · Other liabilities

    beginning of year $4,594,733 · end of year $4,598,264

  • 29 · Capital stock, trust principal or current funds

    beginning of year $24,625,907 · end of year $29,629,097

  • 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 $0 · end of year $0

Mission and programs · 2023

Mission

PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS

  • PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS

    Expenses $44,600,630 · Revenue $50,351,069

As filed on the 2023 return.

Listed in Part VII

  • Emanual A Santos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frank N Hughes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Rapp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eric T Austin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Kirgan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Mollo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Phillip Petillo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Edward F Driscoll

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

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.

  • REFRIGERATION AC & SER ANNUITY FD

    401(A) · TO PROVIDE RETIREMENT BENEFITS TO PARTICIPANTS · NJ

  • REFRIGERATION AC & SER PENSION FD

    401(A) · TO PROVIDE RETIREMENT BENEFITS TO PARTICIPANTS · NJ

  • REFRIGERATION AC & SER EDUCATION FD

    501(C)(3) · TO PROVIDE TRAINING TO APPRENTICE PARTICIPANTS · NJ

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202530159349302953

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