Form 990 for tax year 2024

Filed by I B E W LOCAL 237 WELFARE FUND.

Totals

Total revenue: $6,561,563
Total expenses: $5,748,693
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $6,190,157
Investment income: $250,776
Other revenue: $120,630
Total assets, end of year: $13,652,041
Total liabilities, end of year: $91,543
Net assets or fund balances, end of year: $13,560,498
Program services expenses (Part IX): not reported
Management and general expenses: not reported
Fundraising expenses: not reported
Program service expenses (Part III): $5,748,693

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 $6,125,272 · related or exempt $6,125,272
2b · Program service revenue: PARTCIPANT CONTRIBUTIONS

total $64,885 · related or exempt $64,885
3 · Investment income

total $389,916 · related or exempt $389,916
7a · Gross sales of assets other than inventory

securities $6,569,573
7b · Less cost or other basis and sales expenses

securities $6,708,713
7c · Gain or loss

securities -$139,140
7d · Net gain or loss

total -$139,140 · related or exempt -$139,140
11a · Other revenue: REIMBURSEMENT FROM AFFILIATED ORG

total $78,963 · related or exempt $78,963
11b · Other revenue: MISCELLANEOUS

total $41,667 · related or exempt $41,667
11e · Other revenue, total

$120,630

Functional expenses

Part IX, the statement of functional expenses.

4 · Benefits paid to or for members

total $5,100,673
7 · Other salaries and wages

total $107,198
9 · Other employee benefits

total $40,227
10 · Payroll taxes

total $283,446
11b · Fees: legal

total $43,727
11c · Fees: accounting

total $37,120
11f · Fees: investment management

total $32,253
11g · Fees: other

total $33,468
13 · Office expenses

total $27,404
16 · Occupancy

total $13,685
19 · Conferences, conventions and meetings

total $993
22 · Depreciation, depletion and amortization

total $8,504
23 · Insurance

total $5,339
24a · Other expenses: BANK CHARGES

total $9,784
24b · Other expenses: MISCELLANEOUS

total $4,872

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $568,212 · end of year $419,602
4 · Accounts receivable

beginning of year $911,125 · end of year $529,989
10a · Land, buildings and equipment: cost or other basis

$51,025
10b · Land, buildings and equipment: accumulated depreciation

$8,504
10c · Land, buildings and equipment, net

beginning of year $51,025 · end of year $42,521
11 · Investments: publicly traded securities

beginning of year $10,608,816 · end of year $12,319,240
12 · Investments: other securities

end of year $340,689
17 · Accounts payable and accrued expenses

beginning of year $70,295 · end of year $90,990
25 · Other liabilities

beginning of year $146,973 · end of year $553
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 $11,921,910 · end of year $13,560,498

Mission and programs · 2024

Mission

TO PROVIDE MEMBERS WITH MEDICAL AND WELFARE BENEFITS

THE FUND PROVIDES BENEFITS TO ITS MEMBERS, INCLUDING HOSPITALIZATION, MAJOR MEDICAL, PRESCRIPTION DRUG, HEALTH AND LIFE INSURANCE, DENTAL AND VISION CARE, VACATION, UNEMPLOYMENT SUB-PAY, DISABILITY SUB-PAY, WORKERS COMPENSATION SUB-PAY, EDUCATION, AND REIMBURSEMENT OF QUALIFYING MEDICAL EXPENSES.

Expenses $5,748,693

As filed on the 2024 return.

Listed in Part VII

Fred DemaisFRED DEMAIS

UNION TRUSTEE

Total calculated

$11,971

From this org

$11,971

From related orgs

$0

Other

$0

Hours/week

1 + 2 related
Marc BrunelleMARC BRUNELLE

MANAGEMENT TRUSTEE

Total calculated

$0

Hours/week

1 + 2 related
Renee LamonacoRENEE LAMONACO

MANAGEMENT TRUSTEE

Total calculated

$0

Hours/week

1 + 2 related
John ScherrerJOHN SCHERRER

UNION TRUSTEE

Total calculated

$559

From this org

$559

From related orgs

$0

Other

$0

Hours/week

1 + 2 related
Richard LombardRICHARD LOMBARD

MANAGEMENT TRUSTEE

Total calculated

$0

Hours/week

1 + 2 related
Cody SamolCODY SAMOL

UNION TRUSTEE

Total calculated

$22,880

From this org

$22,880

From related orgs

$0

Other

$0

Hours/week

1 + 2 related
Ashley A StognerASHLEY A STOGNER

ASSISTANT FUND ADMINISTRAT

Total calculated

$36,514

From this org

$36,514

From related orgs

$0

Other

$0

Hours/week

16 + 24 related
Angela StaniszANGELA STANISZ

FUND ADMINISTRATOR

Total calculated

$75,418

From this org

$75,418

From related orgs

$0

Other

$0

Hours/week

12 + 28 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.

IBEW LOCAL UNION NO 237 PENSION FUND

401A · PENSION · NY
IBEW LOCAL UNION NO 237 ANNUITY FUND

401A · ANNUITY · NY
IBEW LOCAL UNION NO 237 UNION

501(C)(5) · UNION · NY

Provenance

Return type: form_990
Tax year: 2024
Filed: 14 October 2025
IRS schema version: 2024v5.2
Source object: 202542899349300714

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