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Nonprofiteer
← SEIU MICHIGAN HEALTH AND WELFARE FUND

Form 990 for tax year 2023

Filed by SEIU MICHIGAN HEALTH AND WELFARE FUND.

Totals

Total revenue
$4,431,371
Total expenses
$6,994,204
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,685,759
Investment income
$745,612
Other revenue
$0
Total assets, end of year
$8,039,014
Total liabilities, end of year
$1,833,502
Net assets or fund balances, end of year
$6,205,512
Program services expenses (Part IX)
$6,994,204
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$6,994,204

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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 $3,683,937 · related or exempt $3,683,937

  • 2b · Program service revenue: PART SELF PAYMENT

    total $1,822 · related or exempt $1,822

  • 3 · Investment income

    total $272,356 · related or exempt $272,356

  • 7a · Gross sales of assets other than inventory

    securities $6,430,858

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

    securities $5,957,602

  • 7c · Gain or loss

    securities $473,256

  • 7d · Net gain or loss

    total $473,256 · related or exempt $473,256

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $6,251,201 · program services $6,251,201

  • 11a · Fees: management

    total $535,553 · program services $535,553

  • 11b · Fees: legal

    total $30,575 · program services $30,575

  • 11c · Fees: accounting

    total $21,500 · program services $21,500

  • 11f · Fees: investment management

    total $55,940 · program services $55,940

  • 11g · Fees: other

    total $50,400 · program services $50,400

  • 13 · Office expenses

    total $4,662 · program services $4,662

  • 19 · Conferences, conventions and meetings

    total $5,264 · program services $5,264

  • 23 · Insurance

    total $14,616 · program services $14,616

  • 24a · Other expenses: Printing & Misc

    total $17,835 · program services $17,835

  • 24b · Other expenses: Member communication

    total $5,875 · program services $5,875

  • 24c · Other expenses: Summary annual report

    total $783 · program services $783

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,445 · end of year $388,933

  • 2 · Savings and temporary cash investments

    beginning of year $469,085 · end of year $97,674

  • 4 · Accounts receivable

    beginning of year $310,937 · end of year $344,981

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,022 · end of year $39,499

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

    $10,763

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

    $10,763

  • 11 · Investments: publicly traded securities

    beginning of year $10,426,925 · end of year $7,167,927

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,682 · end of year $31,760

  • 25 · Other liabilities

    beginning of year $2,110,112 · end of year $1,801,742

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,133,620 · end of year $6,205,512

Mission and programs · 2023

Mission

The Fund is created, established, and maintained for the purpose of providing eligible employees and their dependents and/or beneficiaries with medical, surgical, and hospital care; benefits in the event of sickness, accident, disability, death, or unemployment; and dental

  • TO PROVIDE HEALTH, DENTAL, VISION, LIFE AND SHORT-TERM DISABILITY BENEFITS.

    Expenses $6,994,204

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

Listed in Part VII

  • Kenneth Munz

    TRUSTEE

    Total calculated
    $191,321
    From this org
    $0
    From related orgs
    $147,470
    Other
    $43,851
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $147,470 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $43,851 related
    Filer's total
    not reported + $191,321 related

  • Maximilian Gerboc

    TRUSTEE

    Total calculated
    $148,062
    From this org
    $0
    From related orgs
    $115,000
    Other
    $33,062
    Hours/week
    1 + 40 related

  • John Aska

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • John Tamas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 40 related

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.

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.

  • ABM-American Building Maintenance

  • Allied National Services

  • AMBASSADOR THEATRE GROUP

  • CONTRACT DIRECT

  • DETROIT DIESEL

  • DETROIT PUBLIC SCHOOLS - GDI

  • DETROIT PUBLIC SCHOOLS - RNA

  • DETROIT TIGERS BASEBALL

  • DETROIT TOWERS

  • DETROIT YACHT CLUB

  • DFSWCAA

  • GDI OMNI

  • ISS-MCNAMARA

  • KIMCO FACILITY SERVICE

  • LDT-Eurest Services

  • LGC GLOBAL ENERGY

  • MCNAMARA FEDERAL BLDG

  • NEW IMAGE BLDG SERVICE

  • OLYMPIA ENTERTAINMENT INC

  • PALLADIUM WINDOW SOLUTIONS

  • PREFERRED BLDG SVS

  • RIVER HOUSE COOPERATIVE

  • THE HABITAT COMPANY

Provenance

Return type
form_990
Tax year
2023
Filed
19 March 2025
IRS schema version
2023v6.0
Source object
202541299349301884

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