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Nonprofiteer
← UFCW LOCAL 312 BENEFIT FUND

Form 990 for tax year 2023

Filed by UFCW LOCAL 312 BENEFIT FUND.

Totals

Total revenue
$1,788,709
Total expenses
$1,924,407
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,684,968
Investment income
$31,411
Other revenue
$72,330
Total assets, end of year
$1,411,023
Total liabilities, end of year
$376,908
Net assets or fund balances, end of year
$1,034,115
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' CONTRIBUTIO

    total $1,684,968 · related or exempt $1,684,968

  • 3 · Investment income

    total $26,032 · excluded $26,032

  • 7a · Gross sales of assets other than inventory

    securities $134,157

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

    securities $128,778

  • 7c · Gain or loss

    securities $5,379

  • 7d · Net gain or loss

    total $5,379 · excluded $5,379

  • 11a · Other revenue: REIMBURSEMENTS

    total $66,278 · related or exempt $66,278

  • 11b · Other revenue: PPP LOAN FORGIVENESS

    total $5,401 · related or exempt $5,401

  • 11c · Other revenue: COBRA PAYMENTS

    total $651 · related or exempt $651

  • 11e · Other revenue, total

    $72,330

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $768,480

  • 5 · Compensation of officers, directors and key employees

    total $265,500

  • 7 · Other salaries and wages

    total $293,181

  • 8 · Pension plan contributions

    total $71,952

  • 9 · Other employee benefits

    total $102,941

  • 10 · Payroll taxes

    total $29,346

  • 11b · Fees: legal

    total $30,000

  • 11c · Fees: accounting

    total $27,400

  • 11f · Fees: investment management

    total $9,237

  • 11g · Fees: other

    total $98,500

  • 13 · Office expenses

    total $26,158

  • 14 · Information technology

    total $3,893

  • 16 · Occupancy

    total $100,488

  • 17 · Travel

    total $685

  • 22 · Depreciation, depletion and amortization

    total $6,985

  • 23 · Insurance

    total $16,932

  • 24a · Other expenses: STATIONARY, PRINTING &

    total $30,832

  • 24b · Other expenses: AUTO EXPENSE

    total $23,402

  • 24c · Other expenses: TELEPHONE

    total $11,903

  • 24d · Other expenses: SUPPLIES

    total $6,404

  • 24e · All other expenses

    total $188

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $259,571 · end of year $59,196

  • 4 · Accounts receivable

    beginning of year $213,999 · end of year $248,677

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,743 · end of year $23,197

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

    $68,616

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

    $50,128

  • 10c · Land, buildings and equipment, net

    beginning of year $25,473 · end of year $18,488

  • 11 · Investments: publicly traded securities

    beginning of year $657,903 · end of year $703,051

  • 15 · Other assets

    beginning of year $451,088 · end of year $358,414

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,355 · end of year $33,999

  • 25 · Other liabilities

    beginning of year $435,583 · end of year $342,909

  • 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 $1,146,839 · end of year $1,034,115

Mission and programs · 2023

Mission

TO PROVIDE ANCILARY BENEFITS, SUCH AS, CRITICAL ILLNESS AND ACCIDENT, DENTAL, OPTICAL, LEGAL AND DEATH BENEFITS TO ALL ELIGIBLE PARTICIPANTS AND THEIR FAMILIES.

  • TO PROVIDE ANCILARY BENEFITS, SUCH AS, CRITICAL ILLNESS AND ACCIDENT, DENTAL, OPTICAL, LEGAL AND DEATH BENEFITS TO ALL ELIGIBLE PARTICIPANTS AND THEIR FAMILIES.

As filed on the 2023 return.

Listed in Part VII

  • ROBERT LASALLE

    TRUSTEE

    Total calculated
    $427,987
    From this org
    $0
    From related orgs
    $381,250
    Other
    $46,737
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $381,250 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,000 related
    Nontaxable benefits
    $0 + $25,737 related
    Filer's total
    $0 + $427,987 related

  • BRIAN POWERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • SCOTT LONANO

    FUND ADMINISTRATOR

    Total calculated
    $314,897
    From this org
    $265,500
    From related orgs
    $2,400
    Other
    $46,997
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,500 + $2,400 related
    Bonus
    $0
    Other
    $0
    Deferred
    $16,884
    Nontaxable benefits
    $30,113
    Filer's total
    $312,497 + $2,400 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. 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

  • 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

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.

  • UFCW LOCAL UNION 312

    501(C)(5) · LABOR UNION OFFICE ORGANIZING MEMBERS, ARBITRATION OF DISPUTES AND LABOR CON · NJ

Provenance

Return type
form_990
Tax year
2023
Filed
19 August 2024
IRS schema version
2023v5.1
Source object
202402329349300340

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