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← TEAMSTERS LOCAL UNION 856 HEALTH AND WELFARE FUND

Form 990 for tax year 2023

Filed by TEAMSTERS LOCAL UNION 856 HEALTH AND WELFARE FUND.

Totals

Total revenue
$134,966,800
Total expenses
$128,142,399
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$132,478,685
Investment income
$2,079,231
Other revenue
$408,884
Total assets, end of year
$84,013,663
Total liabilities, end of year
$20,834,790
Net assets or fund balances, end of year
$63,178,873
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 $132,478,685 · related or exempt $132,478,685

  • 3 · Investment income

    total $2,052,195 · related or exempt $2,052,195

  • 7a · Gross sales of assets other than inventory

    securities $4,026,077

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

    securities $3,999,041

  • 7c · Gain or loss

    securities $27,036

  • 7d · Net gain or loss

    total $27,036 · related or exempt $27,036

  • 11a · Other revenue: Other income

    total $408,884 · related or exempt $408,884

  • 11e · Other revenue, total

    $408,884

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $124,658,957

  • 5 · Compensation of officers, directors and key employees

    total $95,680

  • 11b · Fees: legal

    total $69,202

  • 11c · Fees: accounting

    total $71,087

  • 11f · Fees: investment management

    total $140,751

  • 11g · Fees: other

    total $29,978

  • 19 · Conferences, conventions and meetings

    total $7,729

  • 23 · Insurance

    total $38,112

  • 24a · Other expenses: Administrator fees

    total $2,503,841

  • 24b · Other expenses: Plan consultant fees

    total $243,079

  • 24c · Other expenses: Employer payroll audit

    total $113,474

  • 24d · Other expenses: Printing

    total $51,003

  • 24e · All other expenses

    total $119,506

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,240,656 · end of year $1,455,732

  • 2 · Savings and temporary cash investments

    beginning of year $13,014,651 · end of year $16,506,903

  • 4 · Accounts receivable

    beginning of year $13,529,197 · end of year $13,719,476

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,298 · end of year $6,538

  • 11 · Investments: publicly traded securities

    beginning of year $23,527,320 · end of year $33,044,191

  • 12 · Investments: other securities

    beginning of year $20,811,255 · end of year $19,280,823

  • 17 · Accounts payable and accrued expenses

    beginning of year $385,003 · end of year $397,123

  • 25 · Other liabilities

    beginning of year $17,648,790 · end of year $20,437,667

  • 27 · Net assets without donor restrictions

    beginning of year $54,092,584 · end of year $63,178,873

Mission and programs · 2023

Mission

Health and welfare benefit plan including medical, dental, drugs, vision, life, and accidental death and dismemberment insurance (A.D.&D.).

Activities or mission (Part I)

Health and Welfare Plan

  • Health and welfare benefit plan including medical, dental, drugs, vision, life, and accidental death and dismemberment insurance (A.D.&D.).

As filed on the 2023 return.

Listed in Part VII

  • B Conhain

    Trustee

    Total calculated
    $23,920
    From this org
    $23,920
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • D Cornford

    Trustee, Co-Chair

    Total calculated
    $23,920
    From this org
    $23,920
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • P Finn

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • M Lagomarsino

    Trustee

    Total calculated
    $23,920
    From this org
    $23,920
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • A Rungis

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • J Wall

    Trustee, Co-Chair

    Total calculated
    $23,920
    From this org
    $23,920
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • S Farber

    Trustee

    Total calculated
    $0
    Hours/week
    4

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.

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

The filer's explanations (Part III)

Part I, Line 3
Compensation paid requires approval of the Board of Trustees.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
30 April 2025
IRS schema version
2023v6.0
Source object
202531219349301908

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