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← PUBLISHERS-PRESSMEN WELFARE FUND

Form 990 for tax year 2023

Filed by PUBLISHERS-PRESSMEN WELFARE FUND.

Totals

Total revenue
$243,070
Total expenses
$450,283
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$180,142
Investment income
$62,928
Other revenue
$0
Total assets, end of year
$1,271,260
Total liabilities, end of year
$44,105
Net assets or fund balances, end of year
$1,227,155
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: WELFARE FUND DELINQUEN

    total $180,142 · related or exempt $180,142

  • 3 · Investment income

    total $40,148 · excluded $40,148

  • 7a · Gross sales of assets other than inventory

    securities $100,000

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

    securities $77,220

  • 7c · Gain or loss

    securities $22,780

  • 7d · Net gain or loss

    total $22,780 · excluded $22,780

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $311,940

  • 11b · Fees: legal

    total $36,721

  • 11c · Fees: accounting

    total $29,352

  • 11f · Fees: investment management

    total $8,659

  • 11g · Fees: other

    total $37,744

  • 13 · Office expenses

    total $6,914

  • 23 · Insurance

    total $16,968

  • 24a · Other expenses: BANK CHARGES

    total $1,415

  • 24b · Other expenses: FEES MANDATED BY THE AF

    total $570

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $127,576 · end of year $8

  • 4 · Accounts receivable

    beginning of year $77,885 · end of year $240,975

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,079 · end of year $7,063

  • 11 · Investments: publicly traded securities

    beginning of year $585,948 · end of year $540,197

  • 12 · Investments: other securities

    beginning of year $639,291 · end of year $483,017

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,389 · end of year $4,915

  • 25 · Other liabilities

    beginning of year $37,817 · end of year $39,190

  • 29 · Capital stock, trust principal or current funds

    beginning of year $3,330,619 · end of year $3,330,619

  • 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 -$1,934,046 · end of year -$2,103,464

Mission and programs · 2023

Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER WELFARE BENEFITS TO ELIGIBLE EMPLOYEES OF EMPLOYERS HAVING COLLECTIVE BARGAINING AGREEMENTS WITH THE NEW YORK PRINTING PRESSMEN'S UNION NO. 2, WHICH REPRESENTS PRESSMEN WORKERS EMPLOYED IN THE NEW YORK METROPOLITAN AREA.

  • THE FUND PROVIDES PARTICIPANTS WITH MEDICAL, PRESCRIPTION DRUG, DENTAL, OPTICAL AND LIFE INSURANCE BENEFITS.

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

Listed in Part VII

  • Kenneth Daly

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John Heffernan

    UNION TRUSTEE

    Total calculated
    $171,597
    From this org
    $0
    From related orgs
    $142,526
    Other
    $29,071
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,526 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,979 related
    Nontaxable benefits
    $0 + $21,092 related
    Filer's total
    $0 + $171,597 related

  • Andrew Gutterman

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Tortora

    UNION TRUSTEE

    Total calculated
    $130,994
    From this org
    $0
    From related orgs
    $101,923
    Other
    $29,071
    Hours/week
    2 + 40 related

  • Toni Martinez

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2023
Filed
17 January 2025
IRS schema version
2023v6.0
Source object
202520179349301632

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