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Nonprofiteer
← LOCAL 7 TILE INDUSTRY WELFARE FUND TR

Form 990 for tax year 2023

Filed by LOCAL 7 TILE INDUSTRY WELFARE FUND TR.

Totals

Total revenue
$26,713,465
Total expenses
$32,389,095
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$26,517,350
Investment income
$196,115
Other revenue
$0
Total assets, end of year
$19,156,887
Total liabilities, end of year
$1,398,405
Net assets or fund balances, end of year
$17,758,482
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: RECEIPTS FOR H&W BENEFITS

    total $19,672,713 · related or exempt $19,672,713

  • 2b · Program service revenue: VACATION CONTRIBUTIONS

    total $4,558,113 · related or exempt $4,558,113

  • 2c · Program service revenue: RECEIPTS FOR SUPP. BENEFITS

    total $1,967,407 · related or exempt $1,967,407

  • 2d · Program service revenue: COBRA CONTRIBUTIONS

    total $319,117 · related or exempt $319,117

  • 3 · Investment income

    total $196,115 · related or exempt $196,115

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $31,018,019

  • 10 · Payroll taxes

    total $141,758

  • 11a · Fees: management

    total $537,394

  • 11b · Fees: legal

    total $126,995

  • 11c · Fees: accounting

    total $110,000

  • 11f · Fees: investment management

    total $70,726

  • 11g · Fees: other

    total $259,090

  • 13 · Office expenses

    total $125,113

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,854,541 · end of year $2,802,060

  • 2 · Savings and temporary cash investments

    beginning of year $1,905,517 · end of year $2,333,872

  • 11 · Investments: publicly traded securities

    beginning of year $9,783,529 · end of year $10,511,177

  • 12 · Investments: other securities

    beginning of year $4,730,490 · end of year $3,509,778

  • 21 · Escrow or custodial account liability

    beginning of year $6,196 · end of year $6,196

  • 25 · Other liabilities

    beginning of year $1,299,661 · end of year $1,392,209

  • 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 $21,968,220 · end of year $17,758,482

Mission and programs · 2023

Mission

THE LOCAL 7 TILE INDUSTRY WELFARE FUND WAS ORGANIZED FOR THE PRIMARY PURPOSE OF PROVIDING HEALTH/DEATH, AND SUPPLEMENTAL UNEMPLOYMENT,DISABILITY BENEFITS AND VACATION BENEFITS FOR ALL ELIGIBLE LOCAL#7 WELFARE FUND MEMBERS.

Activities or mission (Part I)

PROVIDING HEALTH/DEATH, AND SUPPLEMENTAL UNEMPLOYMENT/DISABILITY BENEFITS.

  • THE LOCAL 7 TILE INDUSTRY WELFARE FUND WAS ORGANIZED FOR THE PRIMARY PURPOSE OF PROVIDING HEALTH/DEATH, AND SUPPLEMENTAL UNEMPLOYMENT,DISABILITY BENEFITS AND VACATION BENEFITS FOR ALL ELIGIBLE LOCAL#7 WELFARE FUND MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • William Hill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joe Giordano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Riley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul Del Turco

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tim Gorman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joseph Andriano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202413169349302666

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