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← HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL UNION NO 32

Form 990 for tax year 2023

Filed by HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL UNION NO 32.

Totals

Total revenue
$8,029,926
Total expenses
$8,543,357
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,977,415
Investment income
$52,511
Other revenue
$0
Total assets, end of year
$5,696,320
Total liabilities, end of year
$1,344,725
Net assets or fund balances, end of year
$4,351,595
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 $7,618,455 · related or exempt $7,618,455

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $358,960 · related or exempt $358,960

  • 3 · Investment income

    total $130,992 · excluded $130,992

  • 7a · Gross sales of assets other than inventory

    securities $3,949,359

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

    securities $4,027,840

  • 7c · Gain or loss

    securities -$78,481

  • 7d · Net gain or loss

    total -$78,481 · excluded -$78,481

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $8,014,857

  • 11a · Fees: management

    total $140,162

  • 11b · Fees: legal

    total $46,108

  • 11c · Fees: accounting

    total $25,275

  • 11f · Fees: investment management

    total $28,077

  • 11g · Fees: other

    total $270,708

  • 13 · Office expenses

    total $87

  • 19 · Conferences, conventions and meetings

    total $3,687

  • 23 · Insurance

    total $5,344

  • 24a · Other expenses: BANK CHARGES

    total $6,573

  • 24b · Other expenses: PCORI FEE

    total $2,123

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $356

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $447,525 · end of year $535,266

  • 2 · Savings and temporary cash investments

    beginning of year $93,477 · end of year $48,425

  • 4 · Accounts receivable

    beginning of year $591,283 · end of year $661,677

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,168 · end of year $48,978

  • 11 · Investments: publicly traded securities

    beginning of year $4,295,085 · end of year $3,986,622

  • 15 · Other assets

    beginning of year $250,539 · end of year $415,352

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,333,063 · end of year $1,305,634

  • 25 · Other liabilities

    beginning of year $7,029 · end of year $39,091

  • 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 $4,341,985 · end of year $4,351,595

Mission and programs · 2023

Mission

THE FUND WAS ESTABLISHED TO PROVIDE HEALTH, DEATH, VACATION AND SCHOLARSHIP BENEFITS TO ELIGIBLE MEMBERS BASED UPON COLLECTIVE BARGAINING AGREEMENT.

Activities or mission (Part I)

THE FUND WAS ESTABLISHED TO PROVIDE HEALTH AND DEATH BENEFITS TO ELIGIBLE MEMBERS BASED UPON COLLECTIVE BARGAINING AGREEMENT.

  • THE FUND WAS ESTABLISHED TO PROVIDE HEALTH, DEATH, VACATION AND SCHOLARSHIP BENEFITS TO ELIGIBLE MEMBERS BASED UPON COLLECTIVE BARGAINING AGREEMENT AND IS FUNDED BY EMPLOYER CONTRIBUTIONS BASED ON SET RATES FOR EACH HOUR WORKED BY MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • John Dwyer

    UNION TRUSTEE

    Total calculated
    $287,771
    From this org
    $0
    From related orgs
    $163,477
    Other
    $124,294
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,477 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $85,175 related
    Nontaxable benefits
    $0 + $39,119 related
    Filer's total
    $0 + $287,771 related

  • Paul Legrand

    FORMER UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Jc Farmer

    UNION TRUSTEE

    Total calculated
    $280,022
    From this org
    $0
    From related orgs
    $157,030
    Other
    $122,992
    Hours/week
    1 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,030 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $83,873 related
    Nontaxable benefits
    $0 + $39,119 related
    Filer's total
    $0 + $280,022 related

  • Brian Pent

    UNION TRUSTEE

    Total calculated
    $8,649
    From this org
    $0
    From related orgs
    $5,042
    Other
    $3,607
    Hours/week
    1 + 1 related

  • John Mazor

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rick Baptista

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Chaplin

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kurt Nale

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dereck Vergari

    UNION TRUSTEE

    Total calculated
    $217,258
    From this org
    $0
    From related orgs
    $142,134
    Other
    $75,124
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,134 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $42,182 related
    Nontaxable benefits
    $0 + $32,942 related
    Filer's total
    $0 + $217,258 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.

  • HFIAW LOCAL 32 EDUCATION FUND

    501(C)(5) · TO PROVIDE TRAINING THROUGH EDUCATION PROGRAM TO QUALIFIED MEMBERS · NJ

  • HFIAW LOCAL 32 BROADWAY VERONA CORP INC

    501(C)(2) · TO PROVIDE OFFICE AND EDUCATION FACILITIES · NJ

  • HFIAW LOCAL 32 LOCAL 32

    501(C)(5) · TO PROVIDE CERTAIN MEMBER BENEFITS UNDER COLLECTIVE BARGAINING AGREEMENTS · NJ

  • HFIAW LOCAL 32 PENSION FUND

    401 (A) · TO PROVIDE A PENSION RETIREMENT BENEFIT TO MEMBERS · NJ

  • HFIAW LOCAL 32 ANNUITY FUND

    401 (A) · TO PROVIDE AN INDIVIDUAL ANNUITY ACCOUNT TO MEMBERS · NJ

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202443139349301609

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