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Nonprofiteer
← WELFARE TRUST FUND LOCAL 804

Form 990 for tax year 2023

Filed by WELFARE TRUST FUND LOCAL 804.

Totals

Total revenue
$138,849,052
Total expenses
$143,284,526
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$136,278,845
Investment income
$2,155,422
Other revenue
$414,785
Total assets, end of year
$152,158,930
Total liabilities, end of year
$1,563,323
Net assets or fund balances, end of year
$150,595,607
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: CONTRIBUTIONS - EMPLOYERS

    total $133,085,582 · related or exempt $133,085,582

  • 2b · Program service revenue: CONTRIBUTIONS - RETIRED PARTICIPA

    total $2,898,104 · related or exempt $2,898,104

  • 2c · Program service revenue: CONTRIBUTIONS - COBRA PARTICIPANT

    total $295,159 · related or exempt $295,159

  • 3 · Investment income

    total $5,182,146 · excluded $5,182,146

  • 7a · Gross sales of assets other than inventory

    securities $33,439,965

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

    securities $36,466,689

  • 7c · Gain or loss

    securities -$3,026,724

  • 7d · Net gain or loss

    total -$3,026,724 · excluded -$3,026,724

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $414,785 · related or exempt $414,785

  • 11e · Other revenue, total

    $414,785

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $138,272,460

  • 5 · Compensation of officers, directors and key employees

    total $296,546

  • 7 · Other salaries and wages

    total $1,876,803

  • 8 · Pension plan contributions

    total $197,735

  • 9 · Other employee benefits

    total $491,465

  • 10 · Payroll taxes

    total $163,863

  • 11b · Fees: legal

    total $312,069

  • 11c · Fees: accounting

    total $49,000

  • 11f · Fees: investment management

    total $213,984

  • 11g · Fees: other

    total $497,720

  • 13 · Office expenses

    total $352,672

  • 14 · Information technology

    total $618,512

  • 16 · Occupancy

    total $119,029

  • 19 · Conferences, conventions and meetings

    total $52,681

  • 22 · Depreciation, depletion and amortization

    total $99,657

  • 23 · Insurance

    total $95,757

  • 24a · Other expenses: ADM.EXPENSES REIMBURSED

    total -$425,427

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $947,100 · end of year $1,033,826

  • 2 · Savings and temporary cash investments

    beginning of year $10,937,378 · end of year $3,766,261

  • 4 · Accounts receivable

    beginning of year $13,187,867 · end of year $15,527,859

  • 9 · Prepaid expenses and deferred charges

    beginning of year $106,058 · end of year $63,468

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

    $3,853,558

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

    $3,598,008

  • 10c · Land, buildings and equipment, net

    beginning of year $329,804 · end of year $255,550

  • 11 · Investments: publicly traded securities

    beginning of year $96,842,674 · end of year $86,353,451

  • 12 · Investments: other securities

    beginning of year $31,577,067 · end of year $44,266,810

  • 15 · Other assets

    beginning of year $977,240 · end of year $891,705

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,864 · end of year $326,038

  • 19 · Deferred revenue

    beginning of year $331,824 · end of year $328,441

  • 25 · Other liabilities

    beginning of year $1,417,592 · end of year $908,844

  • 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 $153,129,908 · end of year $150,595,607

Mission and programs · 2023

Mission

THE LOCAL 804 WELFARE TRUST FUND WAS CREATED IN 1950, UNDER AN AGREEMENT AND DECLARATION OF TRUST, AS AMENDED, BETWEEN DELIVERY AND WAREHOUSE EMPLOYEES UNION, LOCAL 804 IBT (THE UNION") AND VARIOUS EMPLOYERS. THE UNION AND THE EMPLOYERS HAVE ENTERED INTO COLLECTIVE BARGAINING AGREEMENTS REQUIRING PAYMENTS BY THE EMPLOYERS FOR THE PURPOSE OF ESTABLISHING A WELFARE PROGRAM FOR THE EMPLOYERS TO PROVIDE WELFARE BENEFITS FOR THEIR EMPLOYEES AND THE EMPLOYEES OF THE UNION, AND THE EMPLOYEES OF THE LOCAL 804 WELFARE TRUST FUND.

Activities or mission (Part I)

TO PROVIDE HEALTH CARE BENEFITS

  • PROVIDED HEALTH CARE BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. ESTIMATED NUMBER OF PARTICIPANTS BENEFITED DURING THE PAST YEAR WAS 5724.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHRIS LANGAN

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK MCELREATH

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW LOUGHLIN

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL CLAYTON

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VINCENT PERRONE

    UNION TRUSTEE

    Total calculated
    $270,257
    From this org
    $0
    From related orgs
    $155,794
    Other
    $114,463
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,724 related
    Bonus
    $0
    Other
    $0 + $23,070 related
    Deferred
    $31,755 + $31,331 related
    Nontaxable benefits
    $25,905 + $25,472 related
    Filer's total
    $57,660 + $212,597 related

  • ANTONINO ROSCIGLIONE

    UNION TRUSTEE

    Total calculated
    $264,237
    From this org
    $0
    From related orgs
    $149,774
    Other
    $114,463
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,724 related
    Bonus
    $0
    Other
    $0 + $17,050 related
    Deferred
    $31,755 + $31,331 related
    Nontaxable benefits
    $25,905 + $25,472 related
    Filer's total
    $57,660 + $206,577 related

  • CHRISTOPHER WILLIAMSON

    UNION TRUSTEE

    Total calculated
    $271,907
    From this org
    $0
    From related orgs
    $157,444
    Other
    $114,463
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,724 related
    Bonus
    $0
    Other
    $0 + $24,720 related
    Deferred
    $31,755 + $31,331 related
    Nontaxable benefits
    $25,905 + $25,472 related
    Filer's total
    $57,660 + $214,247 related

  • MARK COHEN

    UNION TRUSTEE

    Total calculated
    $270,970
    From this org
    $0
    From related orgs
    $156,507
    Other
    $114,463
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,724 related
    Bonus
    $0
    Other
    $0 + $23,783 related
    Deferred
    $31,755 + $31,331 related
    Nontaxable benefits
    $25,905 + $25,472 related
    Filer's total
    $57,660 + $213,310 related

  • ANTHONY CERULLI

    FORMER UNION TRUSTEE

    Total calculated
    $204,887
    From this org
    $0
    From related orgs
    $148,084
    Other
    $56,803
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,724 related
    Bonus
    $0
    Other
    $0 + $15,360 related
    Deferred
    $0 + $31,331 related
    Nontaxable benefits
    $0 + $25,472 related
    Filer's total
    $0 + $204,887 related

  • MARC PANTELEONE

    FUND MANAGER

    Total calculated
    $288,608
    From this org
    $228,556
    From related orgs
    $0
    Other
    $60,052
    Hours/week
    18 + 17 related

    Schedule J breakdown matched by us

    Base
    $228,556
    Bonus
    $0
    Other
    $0
    Deferred
    $34,147
    Nontaxable benefits
    $25,905
    Filer's total
    $288,608

  • JAMES PANTELEONE

    IT AND BENEFIT CLAIMS ASSI

    Total calculated
    $178,428
    From this org
    $144,543
    From related orgs
    $0
    Other
    $33,885
    Hours/week
    58 + 1 related

    Schedule J breakdown matched by us

    Base
    $144,543
    Bonus
    $0
    Other
    $0
    Deferred
    $7,401
    Nontaxable benefits
    $26,484
    Filer's total
    $178,428

  • MAGGIE WU

    ACCOUNTANT

    Total calculated
    $245,960
    From this org
    $211,823
    From related orgs
    $0
    Other
    $34,137
    Hours/week
    38 + 18 related

    Schedule J breakdown matched by us

    Base
    $211,823
    Bonus
    $0
    Other
    $0
    Deferred
    $7,401
    Nontaxable benefits
    $26,736
    Filer's total
    $245,960

  • CELIA LIAW

    BENEFIT CLAIMS ASSISTANT

    Total calculated
    $157,270
    From this org
    $123,359
    From related orgs
    $0
    Other
    $33,911
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $123,359
    Bonus
    $0
    Other
    $0
    Deferred
    $7,401
    Nontaxable benefits
    $26,510
    Filer's total
    $157,270

  • CHRISTINE NICOLETTI

    OFFICE MANAGER

    Total calculated
    $190,385
    From this org
    $130,333
    From related orgs
    $0
    Other
    $60,052
    Hours/week
    18 + 17 related

    Schedule J breakdown matched by us

    Base
    $130,333
    Bonus
    $0
    Other
    $0
    Deferred
    $34,147
    Nontaxable benefits
    $25,905
    Filer's total
    $190,385

  • ANNA BYCHOWSKI

    ASST TO FUND ADMINISTRATOR

    Total calculated
    $186,085
    From this org
    $114,462
    From related orgs
    $0
    Other
    $71,623
    Hours/week
    35 + 1 related

    Schedule J breakdown matched by us

    Base
    $114,462
    Bonus
    $0
    Other
    $0
    Deferred
    $45,718
    Nontaxable benefits
    $25,905
    Filer's total
    $186,085

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • UNITED PARCEL SERVICE

    CONTRIBUTING EMPLOYER

  • TRUMP VILLAGE INC

    CONTRIBUTING EMPLOYER

Provenance

Return type
form_990
Tax year
2023
Filed
11 April 2025
IRS schema version
2023v6.0
Source object
202531019349300418

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