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← TEAMSTERS LOCAL 631 SECURITY FUND

Form 990 for tax year 2023

Filed by TEAMSTERS LOCAL 631 SECURITY FUND.

Totals

Total revenue
$73,359,417
Total expenses
$85,094,065
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$90,763,439
Investment income
-$26,218,267
Other revenue
$8,814,245
Total assets, end of year
$256,038,381
Total liabilities, end of year
$1,305,145
Net assets or fund balances, end of year
$254,733,236
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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 $89,686,712 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: SELF-PAY CONTRIBUTIONS

    total $1,076,727 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $6,914,901 · unrelated business $0 · excluded $6,914,901

  • 7a · Gross sales of assets other than inventory

    securities $257,818,715

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

    securities $290,951,883

  • 7c · Gain or loss

    securities -$33,133,168

  • 7d · Net gain or loss

    total -$33,133,168 · related or exempt $0 · unrelated business $0 · excluded -$33,133,168

  • 11a · Other revenue: OTHER INCOME

    total $1,010,962 · related or exempt $1,010,962 · unrelated business $0 · excluded $0

  • 11b · Other revenue: PRESCRIPTION REBATE

    total $7,803,283 · related or exempt $7,803,283 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $8,814,245

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $77,190,696 · program services $0

  • 11b · Fees: legal

    total $327,388 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $179,632 · program services $0 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $445,216 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $1,360,384 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $459,899 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $7,173 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $86,893 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: MEDICAL CLINIC EXPENSES

    total $5,036,784 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,313,430 · end of year $31,154,050

  • 2 · Savings and temporary cash investments

    beginning of year $9,074,910 · end of year $6,210,336

  • 4 · Accounts receivable

    beginning of year $6,510,978 · end of year $7,677,764

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,117 · end of year $5,838

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

    $545,295

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

    $193,098

  • 10c · Land, buildings and equipment, net

    beginning of year $388,550 · end of year $352,197

  • 11 · Investments: publicly traded securities

    beginning of year $178,925,150 · end of year $159,820,266

  • 12 · Investments: other securities

    beginning of year $25,830,879 · end of year $47,842,258

  • 15 · Other assets

    beginning of year $3,152,521 · end of year $2,975,672

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,012,238 · end of year $689,764

  • 25 · Other liabilities

    beginning of year $725,182 · end of year $615,381

  • 31 · Retained earnings, endowment or other funds

    beginning of year $242,500,115 · end of year $254,733,236

Mission and programs · 2023

Mission

TO PROVIDE MEDICAL,DENTAL,VISION, PRESCRIPTION, DEATH BENEFIT & COUNSELING BENEFITS TO PARTICIPANTS

  • TO PROVIDE MEDICAL,DENTAL,VISION & COUNSELING BENEFITS TO PARTICIPANTS AND THEIR FAMILIES.

As filed on the 2023 return.

Listed in Part VII

  • Thomas Blitsch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Javon Jefferson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Darrin Bradburn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Brent Conrad

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Patrick Velasquez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Thomas Brodeur

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Noelle Cutting

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bill Muller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2023
Filed
7 March 2025
IRS schema version
2023v6.0
Source object
202520729349301442

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