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← MAJOR LEAGUE BASEBALL PLAYERS WELFARE PLAN

Form 990 for tax year 2022

Filed by MAJOR LEAGUE BASEBALL PLAYERS WELFARE PLAN.

Totals

Total revenue
$103,140,567
Total expenses
$85,309,223
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$98,219,197
Investment income
-$173,421
Other revenue
$5,094,791
Total assets, end of year
$124,679,718
Total liabilities, end of year
$10,668,756
Net assets or fund balances, end of year
$114,010,962
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: CLUB CONTRIBUTIONS

    total $64,300,000 · related or exempt $64,300,000

  • 2b · Program service revenue: MEMBER EXTENDED HEALTH BENEFIT CONTRIBUTIONS

    total $33,919,197 · related or exempt $33,919,197

  • 3 · Investment income

    total $1,788,120 · excluded $1,788,120

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $110,219,818

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

    securities $112,181,359

  • 7c · Gain or loss

    securities -$1,961,541

  • 7d · Net gain or loss

    total -$1,961,541 · excluded -$1,961,541

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: STOP LOSS RECOVERY

    total $5,085,714 · related or exempt $5,085,714

  • 11b · Other revenue: LITIGATION SETTLEMENT

    total $9,077 · excluded $9,077

  • 11e · Other revenue, total

    $5,094,791

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $78,814,861

  • 5 · Compensation of officers, directors and key employees

    total $30,832

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $823,865

  • 11c · Fees: accounting

    total $84,240

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $141,314

  • 11g · Fees: other

    total $5,143,334

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $3,097

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $10,109

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $10,355

  • 24a · Other expenses: PRINTING AND OTHER EXPENSES

    total $182,967

  • 24b · Other expenses: PCORI FEES

    total $16,678

  • 24c · Other expenses: OTHER TAX

    total $47,571

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $313,966 · end of year $1,406,441

  • 2 · Savings and temporary cash investments

    beginning of year $6,786,369 · end of year $11,540,807

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,129 · end of year $8,451

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $87,872,559 · end of year $102,364,423

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $8,008,476 · end of year $9,359,596

  • 17 · Accounts payable and accrued expenses

    beginning of year $687,629 · end of year $757,011

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $514,393 · end of year $4,473,551

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,498,494 · end of year $5,438,194

  • 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 $95,286,983 · end of year $114,010,962

Mission and programs · 2022

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

TO PROVIDE MEDICAL AND PRESCRIPTION DRUG, DENTAL, VISION, LIFE INSURANCE, AND ACCIDENTAL DEATH & DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

  • THE ORGANIZATION FUNDS MEDICAL AND PRESCRIPTION DRUGS, DENTAL, VISION, LIFE INSURANCE, AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO ELIGIBLE PARTCIPANTS AND THEIR DEPENDENTS PURSUANT TO A COLLECTIVE BARGAINING AGREEMENT THROUGH A MULTIEMPLOYER WELFARE PLAN.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • State Street Bank Trust

    TRUSTEE

    Total calculated
    $39,616
    From this org
    $39,616
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Zack Britton

    COMMITTEE MBR (THRU 11/27/22)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ron Fowler

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ian Happ

    COMMITTEE MBR (EFF. 11/28/22)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Patrick Houlihan

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • James Paxton

    COMMITTEE MBR (THRU 11/27/22)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Austin Slater

    COMMITTEE MBR (EFF. 11/28/22)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jason Castro

    Alt CMTE Member(THRU 11/27/22)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Gerrit Cole

    Alt CMTE Member(THRU 11/27/22)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Robert Dean

    Alternate Committee Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Lucas Giolito

    Alt CMTE Member(EFF. 11/28/22)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Brent Suter

    Alt CMTE Member(EFF. 11/28/22)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Chris Capuano

    Secondary Alt Committee Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Mike Myers

    Secondary Alt Committee Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • James Poole

    Secondary Alt Committee Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Stephen Rogers

    Secondary Alt Committee Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • David St Peter

    Secondary Alt Committee Member

    Total calculated
    $0
    Hours/week
    1 + 2 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.

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.

  • PENSION COMMITTEE MLB PLAYERS BENE PLAN

    PLAN SPONSOR · NY

  • MAJOR LEAGUE BASEBALL PLAYERS INVEST PL

    401(A) · PENSION PLAN · NY

  • MAJOR LEAGUE BASEBALL PLAYERS PENSION PL

    401(A) · PENSION PLAN · NY

  • MAJOR LEAGUE BASEBALL PLAYERS ASSOC

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ANGELS BASEBALL LP

  • ATHLETICS INVESTMENT GROUP LLC

  • AZPB LIMITED PARTNERSHIP

  • BALTIMORE ORIOLES LIMITED

  • THE BASEBALL CLUB OF SEATTLE

  • THE BOSTON RED SOX BASEBALL

  • CHICAGO CUBS BASEBALL CLUB LLC

  • THE CINCINNATI REDS LLC

  • CLEVELAND GUARDIANS BASEBALL

  • HOUSTON ASTROS LLC

  • LOS ANGELES DODGERS LLC

  • MARLINS TEAMCO LLC

  • MILWAUKEE BREWERS BASEBALL

  • MINNESOTA TWINS LLC

  • NEW YORK YANKEES LP

  • PADRES LP

  • PITTSBURGH ASSOCIATES

  • RANGERS BASEBALL LLC

  • ROGERS BLUE JAYS BASEBALL

  • ST LOUIS CARDINALS LLC

  • SAN FRANCISCO BASEBALL ASSOC

  • STERLING METS LP

  • THE PHILLIES LP

  • WASHINGTON NATIONALS BASEBALL CLUB LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ATLANTA NATL LEAGUE BASEBALL CLUB INC

  • CHICAGO WHITE SOX LTD

  • COLORADO ROCKIES BASEBALL CLUB LTD

  • DETROIT TIGERS INC

  • KANSAS CITY ROYALS BASEBALL CORP

  • TAMPA BAY RAYS BASEBALL LTD

Provenance

Return type
form_990
Tax year
2022
Filed
14 February 2024
IRS schema version
2022v5.0
Source object
202440469349302609

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