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← NY HOTEL TRADE COUNCIL & AFFILIATED LOCALS STAFF INSURANCE FUND

Form 990 for tax year 2024

Filed by NY HOTEL TRADE COUNCIL & AFFILIATED LOCALS STAFF INSURANCE FUND.

Totals

Total revenue
$16,606,892
Total expenses
$21,208,306
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$16,225,226
Investment income
$381,666
Other revenue
$0
Total assets, end of year
$10,388,278
Total liabilities, end of year
$495,390
Net assets or fund balances, end of year
$9,892,888
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 $16,092,401 · related or exempt $16,092,401

  • 2b · Program service revenue: PARTICIPANTS CONTRIBUTIONS

    total $129,291 · related or exempt $129,291

  • 2c · Program service revenue: MEDICARE RECEIPTS

    total $3,534 · related or exempt $3,534

  • 3 · Investment income

    total $381,666 · excluded $381,666

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $20,465,496

  • 7 · Other salaries and wages

    total $152,416

  • 9 · Other employee benefits

    total $45,945

  • 10 · Payroll taxes

    total $12,153

  • 11a · Fees: management

    total $464,123

  • 11b · Fees: legal

    total $6,627

  • 11c · Fees: accounting

    total $9,000

  • 11g · Fees: other

    total $4,536

  • 13 · Office expenses

    total $26,048

  • 16 · Occupancy

    total $15,753

  • 22 · Depreciation, depletion and amortization

    total $3,106

  • 23 · Insurance

    total $3,103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $606,109 · end of year $263,680

  • 4 · Accounts receivable

    beginning of year $146,855 · end of year $174,320

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,681 · end of year $22,838

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

    $34,026

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

    $11,519

  • 10c · Land, buildings and equipment, net

    beginning of year $1,154 · end of year $22,507

  • 11 · Investments: publicly traded securities

    beginning of year $13,794,796 · end of year $9,904,933

  • 17 · Accounts payable and accrued expenses

    beginning of year $424,042 · end of year $337,000

  • 25 · Other liabilities

    beginning of year $176,957 · end of year $158,390

  • 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 $13,966,596 · end of year $9,892,888

Mission and programs · 2024

Mission

TO PROVIDE HOSPITALIZATION AND RELATED MEDICAL BENEFITS TO EMPLOYEES OF THE HOTEL TRADES COUNCIL AND AFFILIATED ORGANIZATIONS.

Activities or mission (Part I)

TO PROVIDE MEDICAL INSURANCE AND OTHER BENEFITS.

  • TO PROVIDE HOSPITALIZATION AND RELATED MEDICAL BENEFITS TO EMPLOYEES OF THE HOTEL TRADES COUNCIL AND AFFILIATED ORGANIZATIONS.

As filed on the 2024 return.

Listed in Part VII

  • Dr David Jacobson

    CHIEF EXEC OFFICER

    Total calculated
    $2,463,302
    From this org
    $0
    From related orgs
    $1,745,541
    Other
    $717,761
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,745,541 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $220,282 related
    Nontaxable benefits
    $0 + $497,479 related
    Filer's total
    $0 + $2,463,302 related

  • John J Heim

    CHIEF FINAN OFFICER

    Total calculated
    $740,911
    From this org
    $0
    From related orgs
    $506,411
    Other
    $234,500
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $506,411 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $90,173 related
    Nontaxable benefits
    $0 + $144,327 related
    Filer's total
    $0 + $740,911 related

  • Richard Maroko

    CO-CHAIRMAN

    Total calculated
    $923,053
    From this org
    $0
    From related orgs
    $542,945
    Other
    $380,108
    Hours/week
    0.1 + 0.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $542,945 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $230,798 related
    Nontaxable benefits
    $0 + $149,310 related
    Filer's total
    $0 + $923,053 related

  • Amy Bokerman

    UNION TRUSTEE

    Total calculated
    $363,140
    From this org
    $0
    From related orgs
    $219,155
    Other
    $143,985
    Hours/week
    0.1 + 0.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,155 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $83,717 related
    Nontaxable benefits
    $0 + $60,268 related
    Filer's total
    $0 + $363,140 related

  • Alyssa Tramposch

    UNION TRUSTEE

    Total calculated
    $342,480
    From this org
    $0
    From related orgs
    $207,249
    Other
    $135,231
    Hours/week
    0.1 + 0.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,249 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $78,238 related
    Nontaxable benefits
    $0 + $56,993 related
    Filer's total
    $0 + $342,480 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

  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
26 February 2026
IRS schema version
2024v5.5
Source object
202640579349301424

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