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← NORTHEAST DISTRICT COUNCIL OF THE OPCMIA WELFARE FUND

Form 990 for tax year 2024

Filed by NORTHEAST DISTRICT COUNCIL OF THE OPCMIA WELFARE FUND.

Totals

Total revenue
$24,049,473
Total expenses
$23,699,994
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$17,663,254
Investment income
$6,170,012
Other revenue
$216,207
Total assets, end of year
$56,551,561
Total liabilities, end of year
$15,476,338
Net assets or fund balances, end of year
$41,075,223
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 $17,281,601 · related or exempt $17,281,601

  • 2b · Program service revenue: RETIREES CONTRIBUTIONS

    total $303,430 · related or exempt $303,430

  • 2c · Program service revenue: COBRA

    total $78,223 · related or exempt $78,223

  • 3 · Investment income

    total $582,250 · excluded $582,250

  • 7a · Gross sales of assets other than inventory

    securities $15,459,556

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

    securities $9,871,794

  • 7c · Gain or loss

    securities $5,587,762

  • 7d · Net gain or loss

    total $5,587,762 · excluded $5,587,762

  • 11a · Other revenue: LIQUIDATED DAMAGES & INTEREST

    total $113,141 · related or exempt $113,141

  • 11b · Other revenue: REIMB ADMINISTRATIVE EXPENSE

    total $103,066 · related or exempt $103,066

  • 11e · Other revenue, total

    $216,207

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $22,573,310

  • 5 · Compensation of officers, directors and key employees

    total $134,492

  • 7 · Other salaries and wages

    total $64,483

  • 8 · Pension plan contributions

    total $14,112

  • 9 · Other employee benefits

    total $12,042

  • 10 · Payroll taxes

    total $11,617

  • 11b · Fees: legal

    total $155,811

  • 11c · Fees: accounting

    total $296,055

  • 11f · Fees: investment management

    total $298,105

  • 11g · Fees: other

    total $15,000

  • 13 · Office expenses

    total $23,935

  • 14 · Information technology

    total $43,548

  • 16 · Occupancy

    total $14,970

  • 19 · Conferences, conventions and meetings

    total $7,736

  • 23 · Insurance

    total $30,068

  • 24a · Other expenses: STOREAGE

    total $2,490

  • 24b · Other expenses: TELEPHONE

    total $2,220

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,893,034 · end of year $4,077,511

  • 2 · Savings and temporary cash investments

    beginning of year $238,087 · end of year $70,184

  • 4 · Accounts receivable

    beginning of year $1,866,053 · end of year $2,401,891

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,276 · end of year $10,433

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

    $71,525

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

    $71,525

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $24,531,598 · end of year $17,320,551

  • 12 · Investments: other securities

    beginning of year $24,363,618 · end of year $32,506,123

  • 15 · Other assets

    beginning of year $156,734 · end of year $164,868

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,069 · end of year $112,267

  • 25 · Other liabilities

    beginning of year $12,647,537 · end of year $15,364,071

  • 27 · Net assets without donor restrictions

    beginning of year $42,298,794 · end of year $41,075,223

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE PLAN PROVIDES HEALTH BENEFITS TO ELIGIBILE PARTICIPANTS HAVING ACHIEVED THE REQUIRED MINIMUM HOURS OF SERVICE IN COVERED EMPLOYEMENT. BENEFITS INCLUDE HOSPITALIZATION, SURGICAL, MAJOR MEDICAL, DENTAL, VISION, PRESCRIPTION DRUGS AND LIFE INSURANCE.

  • THE PLAN PROVIDES HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS HAVING ACHIEVED THE REQUIRED MINIMUM HOURS OF SERVICE IN COVERED EMPLOYEMENT. BENEFITS INCLUDE HOSPITALIZATION, SURGICAL, MAJOR MEDICAL, DENTAL, VISION, PRESCRIPTION DRUGS AND LIFE INSURANCE.

As filed on the 2024 return.

Listed in Part VII

  • Michael Patti

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Michael Salgo

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Kevin O'Brien

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Joseph Mitrione

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Dale Alleyne

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Edward Barbaria

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 43 related

  • Michael Rendina

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 46 related

  • David Gentille

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 42 related

  • David Rampone

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 42 related

  • Pasqualino D'Angelo

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 43 related

  • Lisa Parisi

    PLAN ADMINISTRATOR

    Total calculated
    $281,675
    From this org
    $108,339
    From related orgs
    $118,403
    Other
    $54,933
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $100,241 + $110,305 related
    Bonus
    $8,098 + $8,098 related
    Other
    $0
    Deferred
    $14,111 + $15,529 related
    Nontaxable benefits
    $12,042 + $13,251 related
    Filer's total
    $134,492 + $147,183 related

  • Diane Ferchland

    PEN & CONTRIBUTIONS

    Total calculated
    $187,299
    From this org
    $63,245
    From related orgs
    $69,120
    Other
    $54,934
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $58,518 + $64,393 related
    Bonus
    $4,727 + $4,727 related
    Other
    $0
    Deferred
    $14,112 + $15,529 related
    Nontaxable benefits
    $12,042 + $13,251 related
    Filer's total
    $89,399 + $97,900 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.

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.

  • SEE ATTACHED SCHEDULE

Provenance

Return type
form_990
Tax year
2024
Filed
22 October 2025
IRS schema version
2024v5.2
Source object
202513009349300716

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