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← BOSTON PLASTERERS AND CEMENT MASONS SUB FUND LOCAL UNION 534

Form 990 for tax year 2023

Filed by BOSTON PLASTERERS AND CEMENT MASONS SUB FUND LOCAL UNION 534.

Totals

Total revenue
$699,897
Total expenses
$645,291
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$580,768
Investment income
$101,414
Other revenue
$17,715
Total assets, end of year
$2,732,522
Total liabilities, end of year
$18,383
Net assets or fund balances, end of year
$2,714,139
Program services expenses (Part IX)
$645,291
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% 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 $580,768 · related or exempt $580,768

  • 3 · Investment income

    total $71,029 · related or exempt $71,029

  • 7a · Gross sales of assets other than inventory

    securities $480,636

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

    securities $450,251

  • 7c · Gain or loss

    securities $30,385

  • 7d · Net gain or loss

    total $30,385 · related or exempt $30,385

  • 11a · Other revenue: ADMIN FEE INCOME

    total $17,715 · related or exempt $17,715

  • 11e · Other revenue, total

    $17,715

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $573,475 · program services $573,475

  • 11b · Fees: legal

    total $2,076 · program services $2,076

  • 11c · Fees: accounting

    total $13,628 · program services $13,628

  • 11f · Fees: investment management

    total $9,369 · program services $9,369

  • 13 · Office expenses

    total $10 · program services $10

  • 19 · Conferences, conventions and meetings

    total $8,624 · program services $8,624

  • 23 · Insurance

    total $819 · program services $819

  • 24a · Other expenses: ADMINISTRATIVE

    total $31,368 · program services $31,368

  • 24b · Other expenses: COLLECTION

    total $3,317 · program services $3,317

  • 24c · Other expenses: POSTAGE AND DELIVERY

    total $1,578 · program services $1,578

  • 24d · Other expenses: COMPUTER

    total $931 · program services $931

  • 24e · All other expenses

    total $96 · program services $96

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,410 · end of year $9,894

  • 2 · Savings and temporary cash investments

    beginning of year $284,001 · end of year $305,255

  • 4 · Accounts receivable

    beginning of year $45,300 · end of year $50,735

  • 11 · Investments: publicly traded securities

    beginning of year $2,165,966 · end of year $2,350,818

  • 15 · Other assets

    beginning of year $13,209 · end of year $15,820

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,618 · end of year $17,257

  • 25 · Other liabilities

    beginning of year $6,109 · end of year $1,126

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,489,159 · end of year $2,714,139

Mission and programs · 2023

Mission

TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT COMPENSATION, SICKNESS AND ACCIDENT BENEFITS, LIFE BENEFITS, LEGAL, AND VACATION BENEFITS TO ITS MEMBERS.

  • TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT COMPENSATION, SICKNESS AND ACCIDENT BENEFITS, LIFE, VACATION, AND LEGAL BENEFITS TO ITS MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • VICTORIA SAAR

    TRUSTEE

    Total calculated
    $11,292
    From this org
    $771
    From related orgs
    $5,049
    Other
    $5,472
    Hours/week
    1 + 2 related

  • JAMES MULCAHY

    TRUSTEE

    Total calculated
    $9,806
    From this org
    $308
    From related orgs
    $5,257
    Other
    $4,241
    Hours/week
    1 + 3 related

  • ERMIR RAMA

    TRUSTEE

    Total calculated
    $8,130
    From this org
    $1,416
    From related orgs
    $2,851
    Other
    $3,863
    Hours/week
    1 + 1 related

  • STEPHEN AFFANATO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL FRIAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID P POWELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 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.

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
28 January 2028
IRS schema version
2023v6.0
Source object
202500289349301430

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