Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

  total $296,300,958 · related or exempt $296,300,958

• 2b · Program service revenue: COBRA

  total $252,067 · related or exempt $252,067

• 3 · Investment income

  total $651,471 · excluded $651,471

• 7a · Gross sales of assets other than inventory

  securities $42,890,540

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

  securities $27,489,746

• 7c · Gain or loss

  securities $15,400,794

• 7d · Net gain or loss

  total $15,400,794 · excluded $15,400,794

• 11a · Other revenue: INSURANCE PREMIUM REFUND

  total $437,193 · related or exempt $437,193

• 11e · Other revenue, total

  $437,193

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $593,815

• 8 · Pension plan contributions

  total $33,332

• 9 · Other employee benefits

  total $341,264

• 10 · Payroll taxes

  total $111,786

• 11b · Fees: legal

  total $110,870

• 11c · Fees: accounting

  total $74,250

• 11f · Fees: investment management

  total $335,340

• 11g · Fees: other

  total $158,787

• 13 · Office expenses

  total $9,184

• 16 · Occupancy

  total $47,703

• 19 · Conferences, conventions and meetings

  total $3,170

• 22 · Depreciation, depletion and amortization

  total $155,712

• 23 · Insurance

  total $369,515

• 24a · Other expenses: ALLOCATION OF CONTRIBUT

  total $221,631,538

• 24b · Other expenses: BUILDING EXPENSES

  total $2,658,538

• 24c · Other expenses: POSTRETIREMENT BENEFIT

  total $83,834

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $76,369,321 · end of year $5,447,595

• 2 · Savings and temporary cash investments

  beginning of year $1,335 · end of year $22,814,523

• 4 · Accounts receivable

  beginning of year $39,769,729 · end of year $49,870,306

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,137,872 · end of year $1,497,748

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

  $186,800,811

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

  $14,483,359

• 10c · Land, buildings and equipment, net

  beginning of year $66,367,520 · end of year $172,317,452

• 12 · Investments: other securities

  beginning of year $567,660,758 · end of year $636,366,601

• 17 · Accounts payable and accrued expenses

  beginning of year $14,562,722 · end of year $11,565,203

• 19 · Deferred revenue

  beginning of year $2,599,264 · end of year $2,885,502

• 21 · Escrow or custodial account liability

  beginning of year $11,969,514 · end of year $12,470,136

• 25 · Other liabilities

  beginning of year $60,249,734 · end of year $74,675,619

• 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 $661,925,301 · end of year $786,717,765

The filer's explanations (Part III)

SUPPLEMENTAL INFORMATION

COMPENSATION FROM RELATED ORGANIZATIONS: JODI P. GOLDMAN RECEIVED COMPENSATION FROM A RELATED ORGANIZATION IN HER CAPACITY AS ASSOCIATE ADMINSTRATOR OF THIS ORGANIZATION AND THE RELATED ORGANIZATION. YVETTE D. CHARMANT RECEIVED COMPENSATION FROM A RELATED ORGANIZATION IN HER CAPACITY AS CONTROLLER OF THIS ORGANIZATION AND THE RELATED ORGANIZATION. WILLIAM BIFULCO RECEIVED COMPENSATION FROM A RELATED ORGANIZATION IN HIS CAPACITY AS FUND ADMINISTRATOR OF THIS ORGANIZATION AND THE RELATED ORGANIZATION. MAGALY MENDEZ-BRAVO RECEIVED COMPENSATION FROM A RELATED ORGANIZATION IN HER CAPACITY AS CONTROLLER OF THIS ORGANIZATION AND THE RELATED ORGANIZATION. COMPENSATION OF FIVE HIGHEST PAID EMPLOYEES: COMPENSATION OF ONE OF THE HIGHEST PAID EMPLOYEES, AS SHOWN IN PART VII OF THE 990, IS RELATED TO THE OPERATION OF THE BUILDING. AS SUCH, THEIR COMPENSATION IS INCLUDED IN THE ATTACHED SCHEDULE OF BUILDING ACTIVITY.

FORM 990 - SCHEDULE J SUPPLEMENTAL

DISTRICT COUNCIL 37 BENEFITS FUND TRUST SCHEDULE OF REVENUE & EXPENSES OF THE BUILDING FUND YEAR ENDED JUNE 30, 2024 REVENUE RENTAL INCOME 41,442 INTEREST INCOME 0 TOTAL REVENUE 41,442 EXPENSES PAYROLL 793,470 PAYROLL TAXES 80,385 EMPLOYEE BENEFITS 419,126 REAL ESTATE TAXES 954,237 UTILITIES 181,210 REPAIRS AND MAINTENANCE 437 OFFICE 21,517 INSURANCE 23,202 PROFESSIONAL FEES 106,491 SECURITY SUPPORT SERVICES 428 WITHDRAWAL LIABILITY INTEREST 4,296 POST RETIREMENT BENEFIT OBLIGATION 98,297 TOTAL EXPENSES 2,683,096 BUILDING EXPENSE IN EXCESS OF REVENUE 2,641,654 OCCUPANCY ALLOCATED TO AFFILIATED ORGANIZATIONS 0 OPERATING EXPENSES ALLOCATED TO THE TRUST 2,641,654 NET COST TO THE TRUST -0-