Skip to content
Nonprofiteer
← GENERAL BUILDING LABORERS-66 WELFARE FUND

Form 990 for tax year 2022

Filed by GENERAL BUILDING LABORERS-66 WELFARE FUND.

Totals

Total revenue
$15,570,379
Total expenses
$13,333,606
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$15,818,366
Investment income
-$247,987
Other revenue
$0
Total assets, end of year
$34,929,679
Total liabilities, end of year
$4,343,188
Net assets or fund balances, end of year
$30,586,491
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: EMPLOYERS CONTRIBUTIONS

    total $12,855,648 · related or exempt $12,855,648

  • 2b · Program service revenue: PARTICIPANTS CONTRIBUTION

    total $2,962,718 · related or exempt $2,962,718

  • 3 · Investment income

    total $704,069 · excluded $704,069

  • 7a · Gross sales of assets other than inventory

    securities $20,128,959

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

    securities $21,081,015

  • 7c · Gain or loss

    securities -$952,056

  • 7d · Net gain or loss

    total -$952,056 · excluded -$952,056

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $11,856,501

  • 5 · Compensation of officers, directors and key employees

    total $199,997

  • 7 · Other salaries and wages

    total $665,180

  • 8 · Pension plan contributions

    total $285,314

  • 9 · Other employee benefits

    total $267,888

  • 10 · Payroll taxes

    total $65,037

  • 11b · Fees: legal

    total $105,976

  • 11c · Fees: accounting

    total $152,554

  • 11f · Fees: investment management

    total $48,741

  • 11g · Fees: other

    total $123,041

  • 13 · Office expenses

    total $36,234

  • 14 · Information technology

    total $195,686

  • 16 · Occupancy

    total $78,111

  • 19 · Conferences, conventions and meetings

    total $9,859

  • 22 · Depreciation, depletion and amortization

    total $4,666

  • 23 · Insurance

    total $15,173

  • 24a · Other expenses: REIMB LEGAL & ADMIN FEE

    total -$34,644

  • 24b · Other expenses: REIMB PR, PR TAXES & BE

    total -$741,708

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $469,064 · end of year $581,954

  • 2 · Savings and temporary cash investments

    beginning of year $3,269,842 · end of year $3,437,195

  • 4 · Accounts receivable

    beginning of year $2,459,451 · end of year $2,826,258

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

    $239,195

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

    $232,862

  • 10c · Land, buildings and equipment, net

    beginning of year $10,999 · end of year $6,333

  • 11 · Investments: publicly traded securities

    beginning of year $24,752,030 · end of year $27,988,911

  • 15 · Other assets

    beginning of year $88,864 · end of year $89,028

  • 17 · Accounts payable and accrued expenses

    beginning of year $451,730 · end of year $1,066,846

  • 25 · Other liabilities

    beginning of year $4,345,511 · end of year $3,276,342

  • 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 $26,253,009 · end of year $30,586,491

Mission and programs · 2022

Mission

TO PROVIDE BENEFITS INCLUDING, BUT NOT LIMITED TO, VACATION, MEDICAL, HOSPITAL, SUPPLEMENTAL UNEMPLOYMENT, PRESCRIPTION DRUGS, DENTAL, OPTICAL, HEARING, MEDICARE SUPPLEMENT, DISABILITY, LIFE INS & ACCIDENTAL DEATH & DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS.

  • TO PROVIDE BENEFITS INCLUDING, BUT NOT LIMITED TO, VACATION, MEDICAL, HOSPITAL, SUPPLEMENTAL UNEMPLOYMENT, PRESCRIPTION DRUGS, DENTAL, OPTICAL, HEARING, MEDICARE SUPPLEMENT, DISABILITY, LIFE INS & ACCIDENTAL DEATH & DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS.

As filed on the 2022 return.

Listed in Part VII

  • Stephen Flanagan

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Joseph Montalbano

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Joseph Cavalieri

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Vincent Alu

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • John O'Hare

    EMPLYR TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Eugene Messina - Thru 092022

    EMPLYR TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Antonio Ferreira

    EMPLYR TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • John Virga

    EMPLYR TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Thomas Hayes - Eff 102022

    EMPLYR TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Allen Marmor

    FUND MANAGER

    Total calculated
    $194,755
    From this org
    $133,218
    From related orgs
    $0
    Other
    $61,537
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $133,218
    Bonus
    $0
    Other
    $0
    Deferred
    $31,481
    Nontaxable benefits
    $30,056
    Filer's total
    $194,755

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

  • 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.

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.

  • GBLL 66 PENSION FUND

    501(A) · PROVIDE RET. BENEFITS TO PARTIC. · NY

  • GBLL 66 ANNUITY FUND

    501(A) · PROVIDE RET. BENEFITS TO PARTIC. · NY

  • GBLL 66 TRAINING FUND

    501(C)(3) · PROVIDE TRAINING & SAFETY EDUCATION TO PARTIC. · NY

  • LABORERS' INTL UNION OF NA LOC 66

    501(C)(5) · LABOR UNION · NY

  • SEE SCHEDULE R SUPPLEMENTAL INFORMATION

Provenance

Return type
form_990
Tax year
2022
Filed
7 December 2023
IRS schema version
2022v5.0
Source object
202303419349300245

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.