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← LOCAL 677 HEALTH SERVICE AND INSURANCE PLAN

Form 990 for tax year 2022

Filed by LOCAL 677 HEALTH SERVICE AND INSURANCE PLAN.

Totals

Total revenue
$28,836,322
Total expenses
$17,288,862
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,809,656
Investment income
$15,022,516
Other revenue
$4,150
Total assets, end of year
$1,841,420
Total liabilities, end of year
$12,307
Net assets or fund balances, end of year
$1,829,113
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 $13,761,032 · related or exempt $13,761,032

  • 2b · Program service revenue: COBRA CONTRIBUTIONS

    total $42,966 · related or exempt $42,966

  • 2c · Program service revenue: SPECIAL RETIREE CONTRIBUTIONS

    total $5,658 · related or exempt $5,658

  • 3 · Investment income

    total $1,321,576 · excluded $1,321,576

  • 7a · Gross sales of assets other than inventory

    securities $66,717,316

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

    securities $52,993,920 · other assets $22,456

  • 7c · Gain or loss

    securities $13,723,396 · other assets -$22,456

  • 7d · Net gain or loss

    total $13,700,940 · excluded $13,700,940

  • 11a · Other revenue: REFUNDS & REIMBURSEMENTS

    total $4,150 · related or exempt $4,150

  • 11e · Other revenue, total

    $4,150

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $15,783,439

  • 5 · Compensation of officers, directors and key employees

    total $2,800

  • 7 · Other salaries and wages

    total $187,795

  • 8 · Pension plan contributions

    total $54,993

  • 9 · Other employee benefits

    total $69,518

  • 10 · Payroll taxes

    total $15,435

  • 11b · Fees: legal

    total $60,493

  • 11f · Fees: investment management

    total $98,792

  • 11g · Fees: other

    total $879,356

  • 13 · Office expenses

    total $17,972

  • 16 · Occupancy

    total $17,115

  • 17 · Travel

    total $8,180

  • 22 · Depreciation, depletion and amortization

    total $2,444

  • 23 · Insurance

    total $90,530

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $368,680 · end of year $649,389

  • 2 · Savings and temporary cash investments

    beginning of year $4,552,663

  • 4 · Accounts receivable

    beginning of year $3,636,259

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,918

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $24,900

  • 11 · Investments: publicly traded securities

    beginning of year $86,931,028

  • 15 · Other assets

    beginning of year $253,839 · end of year $1,192,031

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,337 · end of year $12,307

  • 25 · Other liabilities

    beginning of year $8,568,595 · end of year $0

  • 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 $87,112,355 · end of year $1,829,113

Mission and programs · 2022

Mission

PROVIDE SELF INSURED HEALTH BENEFITS TO MEMBERS COVERED UNDER A COLLECTIVE BARGAINING AGREEMENT NEGOTIATED BY THE TEAMSTER LOCAL 677 UNION.

Activities or mission (Part I)

SELF-INSURED HEALTH BENEFIT PLAN

  • PROVIDED INSURED AND SELF-INSURED MEDICAL, DEATH & LIFEINSURANCE BENEFITS TO APPROXIMATELY 3,000 MEMBERS PLUS THEIR DEPENDENTS UP UNTIL DECEMEBER 31, 2022.

As filed on the 2022 return.

Listed in Part VII

  • Paul Ayoub

    (FORMER) EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Helga Schmidt

    (FORMER) EMPLOYER TRUSTEE

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Rinaldi

    (FORMER) UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    4 + 50 related

  • John Murphy

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    4 + 20 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.

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.

  • BRUNALI CONSTRUCTION CO

    C · CT

  • CITY OF DANBURY

    C · CT

  • DALY & SONS INC

    C · CT

  • THE DRAWN METAL TUBE COMPANY

    C · NY

  • A FIORILLO & COMAPNY

    C · CT

  • TOWN OF NEW MILFORD

    C · CT

  • NEW PENN MOTOR EXPRESS

    C · PA

  • NORTHEAST TRANS CO

    C · CT

  • O&G INDUSTRIES INC

    C · CT

  • POMPERAUG REGIONAL SCHOOL 15

    C · CT

  • YRC INC

    C · KS

  • UNITED PARCEL SERVICE

    C · OH

  • SUZIO CONSTRUCTION CO

    C · CT

  • TOWN OF MIDDLEBURY

    C · CT

  • TOWN OF OXFORD

    C · CT

  • WACO SCAFFOLDING CO INC

    C · CT

  • YORK TRAP ROCK QUARRY CO

    C · CT

  • J IAPALUCCIO INC

    C · CT

  • THE QUAKER CORPORATION

    C · CT

  • CORESLAB STRUCTURES INC

    C · CT

  • VEOLIA WATER SEYMOUR

    C · CT

  • VEOLIA WATER DANBURY

    C · CT

  • TOWN OF ROXBURY

    C · CT

  • CONSOLIDATED INDUSTRIES

    C · CT

  • GRIFFIN HOSPITAL

    C · CT

  • INTERSTATE & LAKELAND LUMBER

    C · CT

  • PETRO HOLDINGS

    C · RI

  • TOWN OF NEW FAIRFIELD

    C · CT

  • TOWN OF SHERMAN

    C · CT

  • ANSONIA BOARD OF EDUCATION

    C · CT

  • TOWN OF BRIDGEWATER

    C · CT

  • TOWN OF SOUTHBURY

    C · CT

  • REGIONAL SCHOOL DISTRICT NO 14

    C · CT

  • METALLON INC

    C · CT

  • DANBURY BOARD OF EDUCATION

    C · CT

  • TOWN OF SHARON

    C · CT

  • THE COCA-COLA COMPANY

    C · GA

  • CITY OF ANSONIA

    C · CT

  • BORGGAARD CONSTRUCTION CORP

    C · MA

  • I-84 CONSTRUCTORS

    C · CT

  • PAGANELLI CONSTRUCTION

    C · CT

  • SUPREME INDUSTRIES INC

    C · CT

  • WALSH CONSTRUCTION

    C · MA

  • EMPIRE PAVING INC

    C · CT

  • TOWN OF PLYMOUTH

    C · CT

  • HERITAGE VILLAGE

    C · CT

  • SOMERS THIN STRIP

    C · CT

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401369349303450

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