Form 990 for tax year 2022
Filed by WELFARE & PENSION FUNDS OF LOCAL 464A WELFARE FUND.
Totals
- Total revenue
- $99,889,065
- Total expenses
- $75,385,036
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $79,898,303
- Investment income
- $19,990,762
- Other revenue
- $0
- Total assets, end of year
- $288,699,453
- Total liabilities, end of year
- $22,769,704
- Net assets or fund balances, end of year
- $265,929,749
- 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: EMPLOYERS CONTRIBUTIONS
total $79,898,303 · related or exempt $79,898,303
-
3 · Investment income
total $4,591,652 · related or exempt $4,591,652
-
7a · Gross sales of assets other than inventory
securities $131,165,826
-
7b · Less cost or other basis and sales expenses
securities $115,766,716
-
7c · Gain or loss
securities $15,399,110
-
7d · Net gain or loss
total $15,399,110 · related or exempt $15,399,110
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $62,707,094
-
7 · Other salaries and wages
total $1,030,892
-
8 · Pension plan contributions
total $124,113
-
9 · Other employee benefits
total $5,762
-
10 · Payroll taxes
total $86,336
-
11b · Fees: legal
total $266,500
-
11c · Fees: accounting
total $61,073
-
11f · Fees: investment management
total $736,925
-
11g · Fees: other
total $5,741,633
-
13 · Office expenses
total $202,011
-
16 · Occupancy
total $110,571
-
17 · Travel
total $15,080
-
22 · Depreciation, depletion and amortization
total $22,966
-
24a · Other expenses: MEDICAL CLAIMS ADMINIST
total $3,764,108
-
24b · Other expenses: HOSPITAL ARBITRATION FE
total $177,575
-
24c · Other expenses: COMPUTER FEES
total $175,431
-
24d · Other expenses: INSURANCE
total $74,378
-
24e · All other expenses
total $82,588
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,535,847 · end of year $6,180,262
-
4 · Accounts receivable
beginning of year $5,227,685 · end of year $5,722,683
-
10a · Land, buildings and equipment: cost or other basis
$85,810
-
10b · Land, buildings and equipment: accumulated depreciation
$85,535
-
10c · Land, buildings and equipment, net
beginning of year $441 · end of year $275
-
11 · Investments: publicly traded securities
beginning of year $309,251,737 · end of year $239,901,629
-
12 · Investments: other securities
beginning of year $4,990,214 · end of year $32,443,148
-
13 · Investments: program-related
beginning of year $2,384,622 · end of year $2,384,622
-
14 · Intangible assets
beginning of year $206,784 · end of year $211,727
-
15 · Other assets
beginning of year $1,750,029 · end of year $1,855,107
-
17 · Accounts payable and accrued expenses
beginning of year $548,763 · end of year $517,379
-
25 · Other liabilities
beginning of year $20,494,754 · end of year $22,252,325
-
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 $312,303,842 · end of year $265,929,749
Mission and programs · 2022
Mission
TO PROVIDE MEDICAL,SURGICAL,HOSPITAL,DENTAL,OPTICAL,PRESCRIPTION AND LIFE INSURANCE BENEFITS FOR APPROXIMATELY 10,719 COVERED MEMBERS OF UFCW LOCAL 464A-AFL-CIO.
Activities or mission (Part I)
WELFARE FUND PROVIDING MEDICAL,SURGICAL,HOSPITAL,DENTAL,OPTICAL,PRESCRIPTION AND LIFE INSURANCE BENEFITS FOR COVERED MEMBERS OF UFCW LOCAL 464A-AFL-CIO.
-
MEDICAL,SURGICAL,HOSPITALIZATION,DENTAL,OPTICAL,PRESCRIPTION AND LIFE INSURANCE BENEFITS FOR COVERED MEMBERS OF UFCW LOCAL 464A-AFL-CIO. APPROXIMATELY 10,719 MEMBERS SERVED.
As filed on the 2022 return.
Listed in Part VII
-
JOHN T NICCOLLAI
TRUSTEE
- Total calculated
- $696,441
- From this org
- $0
- From related orgs
- $695,842
- Other
- $599
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $695,842 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $695,842 related
-
RICHARD WHALEN
TRUSTEE
- Total calculated
- $455,112
- From this org
- $0
- From related orgs
- $454,513
- Other
- $599
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $454,513 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $454,513 related
-
JOHN NICCOLLAI III
TRUSTEE
- Total calculated
- $340,131
- From this org
- $0
- From related orgs
- $339,532
- Other
- $599
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $339,532 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $339,532 related
-
DAN DOSENBACH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT SPINELLA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOANN PISCITELLI
ALTERNATE
- Total calculated
- $161,999
- From this org
- $77,725
- From related orgs
- $83,675
- Other
- $599
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $77,725 + $83,675 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $77,725 + $83,675 related
-
PATRICK DURNING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOAN WILLIAMS
ALTERNATE
- Total calculated
- $0
- Hours/week
- 1
-
ROSA MICA-TERRA
EMPLOYEE
- Total calculated
- $124,459
- From this org
- $124,459
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
KATHLEEN PRIDMORE
EMPLOYEE
- Total calculated
- $137,928
- From this org
- $137,928
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
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.
-
UNITED FOOD & COMMERCIAL WORKERS INTERNATIONAL UNION LOCAL 464A AFL-CIO
501(c)(5) · NJ
-
WELFARE & PENSION FUNDS OF LOCAL 464A - PENSION FUND
PROVIDES PENSION BENEFITS TO ELIGIBLE UNION MEMBERS · NJ
-
LOCAL 464A WELFARE & PENSION BUILDING INC
501(c)(2) · HOLDS TITLE TO REAL PROPERTY AND RENTS TO VARIOUS TENANTS · NJ
-
LOCAL 464A EDUCATIONAL BENEFIT FUND
501(c)(5) · PROVIDES EDUCATIONAL BENEFIT PROGRAMS TO ELIGIBLE UNION MEMBERS · NJ
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311329349305976
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