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← WELFARE & PENSION FUNDS OF LOCAL 464A WELFARE FUND

Form 990 for tax year 2023

Filed by WELFARE & PENSION FUNDS OF LOCAL 464A WELFARE FUND.

Totals

Total revenue
$89,862,894
Total expenses
$85,092,108
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$82,746,920
Investment income
$7,115,974
Other revenue
$0
Total assets, end of year
$345,015,189
Total liabilities, end of year
$25,199,094
Net assets or fund balances, end of year
$319,816,095
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: EMPLOYERS CONTRIBUTIONS

    total $82,746,920 · related or exempt $82,746,920

  • 3 · Investment income

    total $5,718,599 · related or exempt $5,718,599

  • 7a · Gross sales of assets other than inventory

    securities $94,110,274

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

    securities $92,712,899

  • 7c · Gain or loss

    securities $1,397,375

  • 7d · Net gain or loss

    total $1,397,375 · related or exempt $1,397,375

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $72,207,646

  • 7 · Other salaries and wages

    total $1,012,932

  • 8 · Pension plan contributions

    total $126,476

  • 9 · Other employee benefits

    total $5,843

  • 10 · Payroll taxes

    total $85,327

  • 11b · Fees: legal

    total $259,350

  • 11c · Fees: accounting

    total $73,784

  • 11f · Fees: investment management

    total $763,633

  • 11g · Fees: other

    total $5,807,144

  • 13 · Office expenses

    total $152,257

  • 16 · Occupancy

    total $115,967

  • 17 · Travel

    total $15,080

  • 22 · Depreciation, depletion and amortization

    total $39,253

  • 24a · Other expenses: MEDICAL CLAIMS ADMINIST

    total $3,993,689

  • 24b · Other expenses: HOSPITAL ARBITRATION FE

    total $185,853

  • 24c · Other expenses: COMPUTER FEES

    total $78,661

  • 24d · Other expenses: INSURANCE

    total $75,861

  • 24e · All other expenses

    total $93,352

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,180,262 · end of year $4,046,937

  • 4 · Accounts receivable

    beginning of year $5,722,683 · end of year $6,075,525

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

    $85,810

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

    $85,700

  • 10c · Land, buildings and equipment, net

    beginning of year $275 · end of year $110

  • 11 · Investments: publicly traded securities

    beginning of year $239,901,629 · end of year $321,044,752

  • 12 · Investments: other securities

    beginning of year $32,443,148 · end of year $9,116,514

  • 13 · Investments: program-related

    beginning of year $2,384,622 · end of year $2,384,622

  • 14 · Intangible assets

    beginning of year $211,727 · end of year $172,639

  • 15 · Other assets

    beginning of year $1,855,107 · end of year $2,174,090

  • 17 · Accounts payable and accrued expenses

    beginning of year $517,379 · end of year $373,291

  • 25 · Other liabilities

    beginning of year $22,252,325 · end of year $24,825,803

  • 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 $265,929,749 · end of year $319,816,095

Mission and programs · 2023

Mission

TO PROVIDE MEDICAL,SURGICAL,HOSPITAL,DENTAL,OPTICAL,PRESCRIPTION AND LIFE INSURANCE BENEFITS FOR APPROXIMATELY 11,584 COVERED MEMBERS OF UFCW LOCAL 464A-AFL-CIO.

Activities or mission (Part I)

WELFARE FUND PROVIDING MEDICAL,SURGICAL,HOSPITAL,DENTAL,OPTICAL,PRESCRIPTION AND LIFE INSURANCE BENEFITS FOR COVERED MEMBERS OF UFCW LOCAL 464A-AFL-CIO.

  • MEDICAL,SURGICAL,HOSPITALIZATION,DENTAL,OPTICAL,PRESCRIPTION AND LIFE INSURANCE BENEFITS FOR COVERED MEMBERS OF UFCW LOCAL 464A-AFL-CIO. APPROXIMATELY 11,584 MEMBERS SERVED.

As filed on the 2023 return.

Listed in Part VII

  • JOHN T NICCOLLAI

    TRUSTEE

    Total calculated
    $715,538
    From this org
    $0
    From related orgs
    $714,939
    Other
    $599
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $714,939 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $714,939 related

  • RICHARD WHALEN

    TRUSTEE

    Total calculated
    $467,517
    From this org
    $0
    From related orgs
    $466,918
    Other
    $599
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $466,918 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $466,918 related

  • JOHN NICCOLLAI III

    TRUSTEE

    Total calculated
    $349,145
    From this org
    $0
    From related orgs
    $348,546
    Other
    $599
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $348,546 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $348,546 related

  • DAN DOSENBACH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SPINELLA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PATRICK DURNING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOAN WILLIAMS

    ALTERNATE

    Total calculated
    $0
    Hours/week
    1

  • JUSTIN RAMOS

    ALTERNATE

    Total calculated
    $60,226
    From this org
    $0
    From related orgs
    $59,627
    Other
    $599
    Hours/week
    1

  • ROSA MICA-TERRA

    EMPLOYEE

    Total calculated
    $130,825
    From this org
    $130,825
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • KATHLEEN PRIDMORE

    EMPLOYEE

    Total calculated
    $147,734
    From this org
    $147,734
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JOANN PISCITELLI

    ALTERNATE

    Total calculated
    $135,444
    From this org
    $42,137
    From related orgs
    $93,307
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $42,137 + $93,307 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $42,137 + $93,307 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J-LINE 4
JOANN PISCITELLI PASSED AWAY ON JULY 6, 2023.

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
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202401359349309655

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