Form 990 for tax year 2024
Filed by LOCAL 338 HEALTH AND WELFARE FUND.
Totals
- Total revenue
- $45,367,399
- Total expenses
- $47,706,920
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $43,113,422
- Investment income
- $2,182,226
- Other revenue
- $71,751
- Total assets, end of year
- $43,157,337
- Total liabilities, end of year
- $471,418
- Net assets or fund balances, end of year
- $42,685,919
- 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 $42,912,789 · related or exempt $42,912,789
-
2b · Program service revenue: PARTICIPANT CONTRIBUTIONS
total $200,633 · related or exempt $200,633
-
3 · Investment income
total $303,443 · excluded $303,443
-
7a · Gross sales of assets other than inventory
securities $10,273,381
-
7b · Less cost or other basis and sales expenses
securities $8,394,598
-
7c · Gain or loss
securities $1,878,783
-
7d · Net gain or loss
total $1,878,783 · excluded $1,878,783
-
11a · Other revenue: MISCELLANOUS INCOME
total $71,751 · related or exempt $71,751
-
11e · Other revenue, total
$71,751
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $41,993,246
-
7 · Other salaries and wages
total $2,389,433
-
8 · Pension plan contributions
total $353,014
-
9 · Other employee benefits
total $703,265
-
10 · Payroll taxes
total $195,755
-
11b · Fees: legal
total $230,960
-
11c · Fees: accounting
total $59,000
-
11f · Fees: investment management
total $107,329
-
11g · Fees: other
total $247,921
-
12 · Advertising and promotion
total $1,130
-
13 · Office expenses
total $356,704
-
14 · Information technology
total $427,220
-
16 · Occupancy
total $317,973
-
17 · Travel
total $108,108
-
19 · Conferences, conventions and meetings
total $4,761
-
22 · Depreciation, depletion and amortization
total $123,410
-
23 · Insurance
total $87,691
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $620,966
-
2 · Savings and temporary cash investments
beginning of year $2,542,042 · end of year $2,676,625
-
4 · Accounts receivable
beginning of year $3,977,130 · end of year $4,231,658
-
9 · Prepaid expenses and deferred charges
beginning of year $136,005 · end of year $120,055
-
10a · Land, buildings and equipment: cost or other basis
$1,698,310
-
10b · Land, buildings and equipment: accumulated depreciation
$1,612,210
-
10c · Land, buildings and equipment, net
beginning of year $165,506 · end of year $86,100
-
11 · Investments: publicly traded securities
beginning of year $13,025,717 · end of year $10,045,252
-
12 · Investments: other securities
beginning of year $24,507,221 · end of year $25,293,930
-
15 · Other assets
beginning of year $54,982 · end of year $82,751
-
17 · Accounts payable and accrued expenses
beginning of year $620,084 · end of year $471,418
-
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 $43,788,519 · end of year $42,685,919
Mission and programs · 2024
Mission
TO PROVIDE HOSPITAL, SURGICAL, MAJOR MEDICAL, PRESCRIPTIONS AND OTHER WELFARE BENEFITS.
-
TO PROVIDE HOSPITAL, SURGICAL, MAJOR MEDICAL, PRESCRIPTIONS AND OTHER WELFARE BENEFITS.
As filed on the 2024 return.
Listed in Part VII
-
John DursoJOHN DURSO
TRUSTEE
- Total calculated
- $425,402
- From this org
- $0
- From related orgs
- $371,269
- Other
- $54,133
- Hours/week
- 10 + 47 related
Schedule J breakdown matched by us
- Base
- $0 + $371,269 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $29,395 related
- Nontaxable benefits
- $0 + $24,738 related
- Filer's total
- $0 + $425,402 related
-
Joseph FontanoJOSEPH FONTANO
TRUSTEE
- Total calculated
- $279,019
- From this org
- $0
- From related orgs
- $236,917
- Other
- $42,102
- Hours/week
- 9 + 26 related
Schedule J breakdown matched by us
- Base
- $0 + $236,917 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $17,364 related
- Nontaxable benefits
- $0 + $24,738 related
- Filer's total
- $0 + $279,019 related
-
Neil GonzalvoNEIL GONZALVO
TRUSTEE
- Total calculated
- $263,800
- From this org
- $0
- From related orgs
- $224,705
- Other
- $39,095
- Hours/week
- 9 + 26 related
Schedule J breakdown matched by us
- Base
- $0 + $224,705 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $14,357 related
- Nontaxable benefits
- $0 + $24,738 related
- Filer's total
- $0 + $263,800 related
-
Fredrick WrenFREDRICK WREN
TRUSTEE
- Total calculated
- $207,695
- From this org
- $0
- From related orgs
- $162,081
- Other
- $45,614
- Hours/week
- 9 + 26 related
Schedule J breakdown matched by us
- Base
- $0 + $162,081 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $20,876 related
- Nontaxable benefits
- $0 + $24,738 related
- Filer's total
- $0 + $207,695 related
-
Michael PasquarettaMICHAEL PASQUARETTA
TRUSTEE
- Total calculated
- $213,546
- From this org
- $0
- From related orgs
- $149,409
- Other
- $64,137
- Hours/week
- 13 + 22 related
Schedule J breakdown matched by us
- Base
- $0 + $149,409 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $39,399 related
- Nontaxable benefits
- $0 + $24,738 related
- Filer's total
- $0 + $213,546 related
-
Nikki KatemanNIKKI KATEMAN
TRUSTEE
- Total calculated
- $191,562
- From this org
- $0
- From related orgs
- $149,816
- Other
- $41,746
- Hours/week
- 9 + 26 related
Schedule J breakdown matched by us
- Base
- $0 + $149,816 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $17,008 related
- Nontaxable benefits
- $0 + $24,738 related
- Filer's total
- $0 + $191,562 related
-
Harold MittelHAROLD MITTEL
CONTROLLER
- Total calculated
- $245,380
- From this org
- $0
- From related orgs
- $207,310
- Other
- $38,070
- Hours/week
- 10 + 25 related
Schedule J breakdown matched by us
- Base
- $0 + $207,310 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $13,332 related
- Nontaxable benefits
- $0 + $24,738 related
- Filer's total
- $0 + $245,380 related
-
Laurie GreensreinLAURIE GREENSREIN
FUND EMPLOYEE
- Total calculated
- $179,491
- From this org
- $149,791
- From related orgs
- $0
- Other
- $29,700
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,791
- Bonus
- $0
- Other
- $0
- Deferred
- $4,962
- Nontaxable benefits
- $24,738
- Filer's total
- $179,491
-
Debra NalbachDEBRA NALBACH
FUND EMPLOYEE
- Total calculated
- $171,510
- From this org
- $162,138
- From related orgs
- $0
- Other
- $9,372
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,138
- Bonus
- $0
- Other
- $0
- Deferred
- $1,610
- Nontaxable benefits
- $7,762
- Filer's total
- $171,510
-
Michael ValentiMICHAEL VALENTI
FUND EMPLOYEE
- Total calculated
- $136,308
- From this org
- $106,608
- From related orgs
- $0
- Other
- $29,700
- Hours/week
- 40
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.
-
501(C)(5) · REPRESENTS MEMBERS IN COLLECTIVE BARGAINING MATTERS WITH EMPLOYERS · NY
-
501(C)(9) · PROVIDES MEDICAL, TEMPORARY DISABILITY, DEATH AND LEGAL BENEFITS · NY
-
LOCAL 338 RETIREMENT FUND
401(A) · PROVIDES PENSION BENEFITS TO PARTICIPANTS · NY
-
LOCAL 338 ANNUITY FUND
401(A) · PROVIDES PENSION BENEFITS TO PARTICIPANTS · NY
-
LOCAL 305 CIO PENSION FUND
401(A) · PROVIDES PENSION BENEFITS TO PARTICIPANTS · NY
-
LOCAL 338 REAL ESTATE HOLDING CORP
501(C)(2) · ASSET HOLDING ENTITY · NY
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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
131 DRIGGS AVE SUPERMARKET INC
-
2720 CHURCH GROCERY CORP
-
355 HALSTEAD CORP
-
486 HENRY SUPERMARKET INC
-
50-18 MEAT CORP
-
805 FRANKLIN AVE FOOD CORP
-
ABIGAIL HOUSE
-
ACME STORE GROUP
-
ALEXAS FOOD CORP
-
ALL AMERICAN RECYCLING CORP (UNION)
-
ASSOCIATEOWNER S KIDS FOOD CO
-
ATLANTIC COAST FIBERS AND RECYCLING LLC (LOCAL 312)
-
BELLHAVEN CENTER FOT REHAB & NURSING CARE
-
BELMONTE MKTS & MANAGEMENT INC
-
BOGOPA SERVICE CORP
-
BROADWAY HOUSING COMMUNITIES
-
CABRERA STORES CORP
-
D & T MINI DELICATESSEN
-
DAN'S SUPREME
-
DECICCO AND SON'S LLC
-
DIEHARDPEST EXTERMINATIING (LOCAL 312)
-
ECDO MANAGEMENT CORP
-
ERNEST KLEIN STORE
-
F P L FOOD INC & QUICK CHECK
-
FERTITTA PRODUCE INC
-
FMG AUTO CENTERS INC
-
FOOD PARADE
-
G & C FOODS INC
-
GALLAGHER FAMILY MARKETS LLC
-
GIUNTAS WAREHOUSE
-
GREAT WAY FOOD INCKEYFOOD
-
GRISTEDES DELIVERY SERVICE INC
-
HB 84 FOOD CORP
-
HEALTH NOW INC
-
HOPE COMMUNITY INC
-
JANSON SUPERMARKETS LLC
-
JAY PEE JAY FOODS INC
-
JEWISH HOME FOR REHAB & NURSING
-
K S P SUPERMARKET INCASSOCIAT
-
K THOMPSON FOODS LLC
-
LABOR EDUCATION AND COMMUNITY SERVICES AGENCY
-
LOCAL 338 HW
-
LONG ISLAND FEDERATION OF LABOR AFL-CIO
-
MAC PAINTING
-
MURRAYS STURGEON SHOP
-
NAMDORSLOANS
-
NEPTUNE MEAT CORP
-
PSK SUPERMARKETS INC
-
PARAMOUNT SUPERMARKET INC
-
PARVENA MARKETS INC
-
PENN ENTERPRISES INC
-
PICK QUICK FOODS
-
R B G MANAGEMENT CORP
-
RISEBORO COMMUNITY PARTNERSHIP (CASE WORKERS PROGRAM)
-
ROMA ITALIAN DELICATESSEN
-
RUSS & DAUGHTERS APPET
-
S M E MANAGEMENT CORP
-
SAFEGUARD LOCKSMITHS
-
SAMUEL INFANTINO PRODUCE
-
SECURITY AUTO SALES INC (UNION)
-
SEVEN SEAS 42ND ST LLC
-
SEVEN SEAS 49TH ST LLC
-
SHOPRITE OF COMMACK (PHARM)
-
STOP & SHOP
-
TAPPS SM INC
-
UFCW LOCAL 312
-
WESTHAMPTON CARE CENTER
-
Z AND T FOOD CORP ASSOCIATED
-
ZABARS & CO INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202512869349301221
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