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← MAJOR LEAGUE BASEBALL PLAYERS WELFARE PLAN

Form 990 for tax year 2024

Filed by MAJOR LEAGUE BASEBALL PLAYERS WELFARE PLAN.

Totals

Total revenue
$103,419,225
Total expenses
$96,520,590
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$98,949,599
Investment income
$4,469,626
Other revenue
$0
Total assets, end of year
$145,935,251
Total liabilities, end of year
$27,005,254
Net assets or fund balances, end of year
$118,929,997
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 $64,300,000 · related or exempt $64,300,000

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $34,649,599 · related or exempt $34,649,599

  • 3 · Investment income

    total $3,594,300 · excluded $3,594,300

  • 7a · Gross sales of assets other than inventory

    securities $495,568,118

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

    securities $494,692,792

  • 7c · Gain or loss

    securities $875,326

  • 7d · Net gain or loss

    total $875,326 · excluded $875,326

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $89,583,909

  • 11b · Fees: legal

    total $818,977

  • 11c · Fees: accounting

    total $82,500

  • 11f · Fees: investment management

    total $234,368

  • 11g · Fees: other

    total $2,417,067

  • 13 · Office expenses

    total $133,110

  • 19 · Conferences, conventions and meetings

    total $38,954

  • 23 · Insurance

    total $12,875

  • 24a · Other expenses: THIRD PARTY ADMIN

    total $3,150,084

  • 24b · Other expenses: OTHER TAX

    total $48,746

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $572,149 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $4,809,298 · end of year $18,639,652

  • 4 · Accounts receivable

    beginning of year $6,572,544 · end of year $3,784,712

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,576 · end of year $8,598

  • 11 · Investments: publicly traded securities

    beginning of year $92,097,945 · end of year $123,502,289

  • 12 · Investments: other securities

    beginning of year $30,356,824

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,000,450 · end of year $1,203,255

  • 19 · Deferred revenue

    beginning of year $3,659,739 · end of year $4,621,999

  • 25 · Other liabilities

    beginning of year $19,553,063 · end of year $21,180,000

  • 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 $110,204,084 · end of year $118,929,997

Mission and programs · 2024

Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE BENEFITS INCLUDING, BUT NOT LIMITED TO, MEDICAL, PRESCRIPTION DRUG, DENTAL, VISION, LIFE INSURANCE, AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Activities or mission (Part I)

THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.

  • THE PURPOSE OF THE PLAN IS TO PROVIDE BENEFITS INCLUDING, BUT NOT LIMITED TO, MEDICAL, PRESCRIPTION DRUG, DENTAL, VISION, LIFE INSURANCE, AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

As filed on the 2024 return.

Listed in Part VII

  • RON FOWLER

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • PATRICK HOULIHAN

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • PETE FAIRBANKS - EFF 122024

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BRENT SUTER - EFF 122024

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ROBERT DEAN - THRU 92024

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • AUSTIN SLATER - THRU 122024

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • IAN HAPP - THRU 122024

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • LUCAS GIOLITO

    ALT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • TARIK SKUBAL - EFF 122024

    ALT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CEDRIC MULLINS - EFF 122024

    ALT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BILL DEWITT III - EFF 92024

    ALT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BRENT SUTER - THRU 122024

    ALT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DAVID ST PETER - THRU 122024

    ALT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CHRIS CAPUANO

    SECONDARY ALT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • STEPHEN ROGERS

    SECONDARY ALT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MIKE MYERS

    SECONDARY ALT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ANDREW MILLER - EFF 12025

    SECONDARY ALT COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • STATE STREET BANK TRUST

    TRUSTEE

    Total calculated
    $21,634
    From this org
    $21,634
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SEE SUPPLEMENTAL INFORMATION

Related corporations and trusts

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

  • SEE SUPPLEMENTAL INFORMATION

Provenance

Return type
form_990
Tax year
2024
Filed
15 January 2026
IRS schema version
2024v5.5
Source object
202630159349301503

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