Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: EMPLOYERS' CONTRIBUTIONS

  total $186,813,743 · related or exempt $186,813,743

• 2b · Program service revenue: PARTICIPANTS' CONTRIBUTION

  total $36,575,545 · related or exempt $36,575,545

• 3 · Investment income

  total $14,734,574 · unrelated business $892 · excluded $14,733,682

• 7a · Gross sales of assets other than inventory

  securities $653,376,128

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

  securities $634,372,242

• 7c · Gain or loss

  securities $19,003,886

• 7d · Net gain or loss

  total $19,003,886 · unrelated business $77 · excluded $19,003,809

• 11a · Other revenue: COLLECTION FEE INCOME

  total $191,249 · related or exempt $191,249

• 11b · Other revenue: OTHER INCOME

  total $115,430 · related or exempt $115,430

• 11e · Other revenue, total

  $306,679

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $256,519,880

• 6 · Compensation of disqualified persons

  total $472,796

• 7 · Other salaries and wages

  total $2,073,924

• 8 · Pension plan contributions

  total $1,235,423

• 9 · Other employee benefits

  total $663,533

• 10 · Payroll taxes

  total $183,748

• 11b · Fees: legal

  total $474,031

• 11c · Fees: accounting

  total $640,837

• 11f · Fees: investment management

  total $805,286

• 11g · Fees: other

  total $432,473

• 13 · Office expenses

  total $212,898

• 14 · Information technology

  total $86,949

• 16 · Occupancy

  total $463,559

• 17 · Travel

  total $240

• 19 · Conferences, conventions and meetings

  total $14,372

• 22 · Depreciation, depletion and amortization

  total $16,914

• 23 · Insurance

  total $147,322

• 24a · Other expenses: REIMB P/R AND BENEFITS

  total -$2,725,170

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $30,074,993 · end of year $32,288,293

• 2 · Savings and temporary cash investments

  beginning of year $36,133,313 · end of year $39,240,060

• 4 · Accounts receivable

  beginning of year $39,737,838 · end of year $43,162,575

• 9 · Prepaid expenses and deferred charges

  beginning of year $92,351 · end of year $93,523

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

  $657,850

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

  $577,511

• 10c · Land, buildings and equipment, net

  beginning of year $97,253 · end of year $80,339

• 11 · Investments: publicly traded securities

  beginning of year $235,572,893 · end of year $242,684,777

• 12 · Investments: other securities

  beginning of year $214,327,474 · end of year $209,370,343

• 15 · Other assets

  beginning of year $4,386,305 · end of year $3,501,467

• 17 · Accounts payable and accrued expenses

  beginning of year $510,794 · end of year $445,595

• 25 · Other liabilities

  beginning of year $44,286,604 · end of year $55,416,666

• 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 $515,625,022 · end of year $514,559,116

The filer's explanations (Part III)

FORM 990 - SCHEDULE J

ANNA GUTSIN RECEIVES COMPENSATION AND BENEFITS IN HER CAPACITY AS FUND DIRECTOR OF THIS ENTITY AND THE RELATED PENSION AND ANNUITY FUNDS. COMPENSATION AND BENEFITS ARE PAID BY THIS ENTITY WITH REIMBURSEMENTS MADE ACCORDINGLY. THE ENTITY'S PORTION OF THE EXPENSES IS 34% OF THE GROSS AMOUNT DETAILED ON SCHEDULE J, PART II. VICKRAM MAHADEO RECEIVES COMPENSATION AND BENEFITS IN HIS CAPACITY AS ACCOUNTING MANAGER OF THIS ENTITY AND THE RELATED PENSION, ANNUITY AND TRAINING FUNDS. COMPENSATION AND BENEFITS ARE PAID BY THIS ENTITY WITH REIMBURSEMENTS MADE ACCORDINGLY. THE ENTITY'S PORTION OF THE EXPENSES IS 33% OF THE GROSS AMOUNT DETAILED ON SCHEDULE J, PART II. DOMINICK GIAMMONA RECEIVES COMPENSATION AND BENEFITS IN HIS CAPACITY AS CONTRIBUTIONS MANAGER OF THIS ENTITY AND THE RELATED PENSION, ANNUITY AND TRAINING FUNDS. COMPENSATION AND BENEFITS ARE PAID BY THIS ENTITY WITH REIMBURSEMENTS MADE ACCORDINGLY. THE ENTITY'S PORTION OF THE EXPENSES IS 34% OF THE GROSS AMOUNT DETAILED ON SCHEDULE J, PART II. DAVID MORALES RECEIVES COMPENSATION AND BENEFITS IN HIS CAPACITY AS PENSION AND ANNUITY MANAGER OF THE RELATED PENSION AND ANNUITY FUNDS. COMPENSATION AND BENEFITS ARE PAID BY THIS ENTITY WITH REIMBURSEMENTS MADE ACCORDINGLY. THE ENTITY'S PORTION OF THE EXPENSES IS 0% OF THE GROSS AMOUNT DETAILED ON SCHEDULE J, PART II.

Related partnerships

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

• SEE SCHEDULE R SUPPLEMENTAL INFORMATION

Related corporations and trusts

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

• SEE SCHEDULE R SUPPLEMENTAL INFORMATION