Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $39,865

• 2a · Program service revenue: EMPLOYERS' CONTRIB.

  total $11,357,073 · related or exempt $11,357,073

• 2b · Program service revenue: PARTICIPANTS' CONTRIB.

  total $4,424,509 · related or exempt $4,424,509

• 3 · Investment income

  total $367,004 · excluded $367,004

• 7a · Gross sales of assets other than inventory

  securities $5,674,805

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

  securities $5,481,049

• 7c · Gain or loss

  securities $193,756

• 7d · Net gain or loss

  total $193,756 · excluded $193,756

• 11a · Other revenue: OTHER INCOME

  total $85,000 · related or exempt $85,000

• 11e · Other revenue, total

  $85,000

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $16,941,919

• 5 · Compensation of officers, directors and key employees

  total $394,067

• 10 · Payroll taxes

  total $24,110

• 11b · Fees: legal

  total $276,790

• 11c · Fees: accounting

  total $202,020

• 11f · Fees: investment management

  total $67,778

• 11g · Fees: other

  total $212,530

• 13 · Office expenses

  total $41,279

• 14 · Information technology

  total $75,640

• 19 · Conferences, conventions and meetings

  total $16,256

• 22 · Depreciation, depletion and amortization

  total $10,197

• 23 · Insurance

  total $132,225

• 24a · Other expenses: REIMB TO RELATED ORG

  total -$611,000

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,618,054 · end of year $9,094,924

• 2 · Savings and temporary cash investments

  beginning of year $5,590,916 · end of year $39,817

• 4 · Accounts receivable

  beginning of year $2,717,072 · end of year $2,935,693

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

  $112,204

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

  $71,416

• 10c · Land, buildings and equipment, net

  beginning of year $50,985 · end of year $40,788

• 11 · Investments: publicly traded securities

  beginning of year $11,337,979 · end of year $9,296,933

• 12 · Investments: other securities

  beginning of year $9,199,977 · end of year $8,850,691

• 15 · Other assets

  beginning of year $332,555 · end of year $268,990

• 17 · Accounts payable and accrued expenses

  beginning of year $270,409 · end of year $176,877

• 21 · Escrow or custodial account liability

  beginning of year $1,479,394 · end of year $1,504,365

• 24 · Unsecured notes and loans payable

  beginning of year $39,865

• 25 · Other liabilities

  beginning of year $4,277,264 · end of year $4,146,126

• 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 $28,780,606 · end of year $24,700,468

The filer's explanations (Part III)

FORM 990 SCHEDULE J SUPPLEMENTAL INFORMATION

ALBERT WASSELL RECEIVED COMPENSATION AND BENEFITS IN HIS CAPACITY AS FUND MANAGER OF THE RELATED PENSION, ANNUITY, WELFARE, AND APPRENTICE-JOURNEYWORKER EDUCATIONAL FUNDS WHERE HE WORKED 45 HOURS PER WEEK THRU NOVEMBER 2022. COMPENSATION AND BENEFITS WERE PAID BY THE WELFARE FUND WITH REIMBURSEMENTS MADE ACCORDINGLY. THE WELFARE FUND'S PORTION OF THESE EXPENSES IS 45% OF THE GROSS AMOUNTS DETAILED ON SCHEDULE J, PART II.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• SEE SCHEDULE R SUPPLEMENTAL INFORMATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• SEE SCHEDULE R SUPPLEMENTAL INFORMATION