Form 990 for tax year 2023
Filed by LABORERS-EMPLOYERS BENEFIT PLAN COLLECTION TRUST.
Totals
- Total revenue
- $364,795,348
- Total expenses
- $367,220,043
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $364,685,012
- Investment income
- $110,336
- Other revenue
- $0
- Total assets, end of year
- $874,449
- Total liabilities, end of year
- $811,077
- Net assets or fund balances, end of year
- $63,372
- 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 $362,941,363 · related or exempt $362,941,363
-
2b · Program service revenue: PROCESSING FEES
total $1,743,649 · related or exempt $1,743,649
-
3 · Investment income
total $110,336 · excluded $110,336
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $557,905
-
8 · Pension plan contributions
total $163,286
-
9 · Other employee benefits
total $246,685
-
10 · Payroll taxes
total $46,056
-
11b · Fees: legal
total $31,183
-
11c · Fees: accounting
total $68,909
-
11g · Fees: other
total $188,944
-
13 · Office expenses
total $24,054
-
14 · Information technology
total $56,905
-
16 · Occupancy
total $139,978
-
17 · Travel
total $505
-
22 · Depreciation, depletion and amortization
total $93,559
-
23 · Insurance
total $16,046
-
24a · Other expenses: TRANSFER TO VARIOUS EMP
total $365,568,032
-
24b · Other expenses: BANK SERVICE FEES
total $17,996
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,750,312 · end of year -$652,526
-
4 · Accounts receivable
end of year $70,654
-
10a · Land, buildings and equipment: cost or other basis
$1,756,314
-
10b · Land, buildings and equipment: accumulated depreciation
$299,993
-
10c · Land, buildings and equipment, net
beginning of year $1,549,880 · end of year $1,456,321
-
17 · Accounts payable and accrued expenses
beginning of year $1,048
-
25 · Other liabilities
beginning of year $3,437,746 · end of year $811,077
-
29 · Capital stock, trust principal or current funds
beginning of year -$138,602 · end of year $63,372
-
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 $0 · end of year $0
Mission and programs · 2023
Mission
CENTRAL COLLECTION AND DISTRIBUTION OF FRINGE BENEFITS.
Activities or mission (Part I)
TO FACILITATE COLLECTION AND DISBURSEMENT OF CONTRIBUTIONS AND BENEFITS
-
LEBPCT PROCESS HOURS CONTINUE TO BE HIGH: APPROXIMATE TOTAL HOURS PROCESSED IN 2018 OVER 31.5 MILLION; 2019 OVER 25.6 MILLION; 2020 OVER 19.2 MILLION; 2021 OVER 19.6 MILLION; 2022 OVER 16.6 MILLION; 2023 OVER 19.3 MILLION.
As filed on the 2023 return.
Listed in Part VII
-
DAVID FRYE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEVE FARNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DENNIS MARTIRE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TERRENCE M HEALY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DALE ANDERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAVID NELSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT RIESS SR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOSH RAMSEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL DIBITETTO
FUND ADMINISTRATOR
- Total calculated
- $191,141
- From this org
- $112,836
- From related orgs
- $0
- Other
- $78,305
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $112,836
- Bonus
- $0
- Other
- $0
- Deferred
- $37,640
- Nontaxable benefits
- $40,665
- Filer's total
- $191,141
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
- 2 · Substantiation required before reimbursing expenses
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433079349300408
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