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← HEAVY & GENERAL LABORERS LOCALS 472 & 172 OF NJ MARKET RECOVERY FUND

Form 990 for tax year 2023

Filed by HEAVY & GENERAL LABORERS LOCALS 472 & 172 OF NJ MARKET RECOVERY FUND.

What the amendment changed

Compared with the return it replaced , filed 10 April 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,078,482 changed to $6,745,191
Total expenses
$8,054 changed to $64,257
Grants paid
$0 changed to $20,645
Program service revenue
$1,008,510 changed to $6,295,067
Investment income
$69,972 changed to $450,124
Total assets, end of year
$7,321,278 changed to $15,007,018
Total liabilities, end of year
$0 changed to $27,109
Net assets or fund balances, end of year
$7,321,278 changed to $14,979,909

Totals

Total revenue
$6,745,191
Total expenses
$64,257
Contributions and grants received
$0
Grants paid
$20,645
Program service revenue
$6,295,067
Investment income
$450,124
Other revenue
$0
Total assets, end of year
$15,007,018
Total liabilities, end of year
$27,109
Net assets or fund balances, end of year
$14,979,909
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' CONTRIBUTIO

    total $6,295,067 · related or exempt $6,295,067

  • 3 · Investment income

    total $450,124 · excluded $450,124

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,645

  • 11b · Fees: legal

    total $13,085

  • 11c · Fees: accounting

    total $29,825

  • 23 · Insurance

    total $702

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,321,278

  • 2 · Savings and temporary cash investments

    end of year $13,776,415

  • 4 · Accounts receivable

    end of year $1,227,091

  • 9 · Prepaid expenses and deferred charges

    end of year $3,512

  • 17 · Accounts payable and accrued expenses

    end of year $27,109

  • 27 · Net assets without donor restrictions

    beginning of year $7,321,278 · end of year $14,979,909

Mission and programs · 2023

Mission

TO IMPROVE COMMUNICATIONS AND ENGENDER COOPERATIVE AND HARMONIOUS RELATIONS BETWEEN AND AMONG REPRESENTATIVES OF LABOR AND MANAGEMENT IN THE INDUSTRY, AND PROVIDE A FORUM FOR DISCUSSION OF MATTERS OF MUTUAL INTEREST AND TO PRESERVE, IDENTIFY AND EXPAND WORK OPPORTUNITIES FOR EMPLOYEES REPRESENTED BY THE UNION AND THEIR EMPLOYERS IN THE INDUSTRY.

  • TO IMPROVE COMMUNICATIONS AND ENGENDER COOPERATIVE AND HARMONIOUS RELATIONS BETWEEN AND AMONG REPRESENTATIVES OF LABOR AND MANAGEMENT IN THE INDUSTRY, AND PROVIDE A FORUM FOR DISCUSSION OF MATTERS OF MUTUAL INTEREST AND TO PRESERVE, IDENTIFY AND EXPAND WORK OPPORTUNITIES FOR EMPLOYEES REPRESENTED BY THE UNION AND THEIR EMPLOYERS IN THE INDUSTRY.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Manuel Amador Jr

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jack Kocsis Jr

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Michael Giunta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey S Waters

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael E Hellstrom Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frank Criscola Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Luis Recio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nelson Ferreira

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anthony Capaccio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Rible

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Russell Bley

    ADMINISTRATOR

    Total calculated
    $238,237
    From this org
    $0
    From related orgs
    $164,956
    Other
    $73,281
    Hours/week
    5 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,913 related
    Bonus
    $0
    Other
    $0 + $3,043 related
    Deferred
    $0 + $50,910 related
    Nontaxable benefits
    $0 + $22,371 related
    Filer's total
    $0 + $238,237 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 · Compensation committee
  • 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

  • BENCARDINO EXCAVATING INC

    $20,645

    TO SUCCESSFULLY BID AND OBTAIN JOBS IN CONSTRUCTION INDUSTRY

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
11 February 2025
IRS schema version
2023v6.0
Source object
202520429349301017

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