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Nonprofiteer
← UNITED MINE WORKERS OF AMERICA 1992 BENEFIT FUND

Form 990 for tax year 2023

Filed by UNITED MINE WORKERS OF AMERICA 1992 BENEFIT FUND.

Totals

Total revenue
$91,050,598
Total expenses
$88,214,837
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$88,181,520
Investment income
$2,869,078
Other revenue
$0
Total assets, end of year
$53,787,304
Total liabilities, end of year
$39,923,515
Net assets or fund balances, end of year
$13,863,789
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: LEGISLATED TRANSFER

    total $56,135,288 · related or exempt $56,135,288

  • 2b · Program service revenue: MEDICARE REIMBURSEMENTS

    total $23,776,782 · related or exempt $23,776,782

  • 2c · Program service revenue: EMPLOYER BENEFIT PREMIUMS

    total $8,262,017 · related or exempt $8,262,017

  • 2d · Program service revenue: COBRA PREMIUMS

    total $7,433 · related or exempt $7,433

  • 3 · Investment income

    total $3,002,178 · excluded $3,002,178

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $42,133,100

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

    securities $42,266,200

  • 7c · Gain or loss

    securities -$133,100

  • 7d · Net gain or loss

    total -$133,100 · excluded -$133,100

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $78,524,550

  • 5 · Compensation of officers, directors and key employees

    total $103,572

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $7,968

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $1,261,588

  • 11c · Fees: accounting

    total $172,450

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $4,902,819

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $96,649

  • 14 · Information technology

    total $126,738

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $238,574

  • 17 · Travel

    total $62,233

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $5,202

  • 20 · Interest

    total $16,077

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $18,477

  • 23 · Insurance

    total $69,056

  • 24a · Other expenses: ALLOC SALARIES,TAXES, BENEFITS

    total $2,554,027

  • 24b · Other expenses: ALL OTHER EXPENSES

    total $54,857

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,230,104 · end of year $7,047,840

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $99,618 · end of year $34,215

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $68,040,252 · end of year $43,608,114

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $3,716,187 · end of year $3,097,135

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,995,224 · end of year $9,686,498

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $8,526,934 · end of year $7,561,303

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $45,713,236 · end of year $22,675,714

  • 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 $9,850,767 · end of year $13,863,789

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

HIGH QUALITY DELIVERY OF CONTRACTUALLY AND STATUTORILY MANDATED BENEFITS TO ELIGIBLE BENEFICIARIES IN THE MOST EFFICIENT AND EFFECTIVE MANNER POSSIBLE.

  • SERVES AS A TRUST FOR A MULTIEMPLOYER WELFARE PLAN THAT PROVIDES MEDICAL AND VISION BENEFITS.

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

Listed in Part VII

  • Paul Piccolini

    TRUSTEE

    Total calculated
    $112,024
    From this org
    $20,000
    From related orgs
    $80,000
    Other
    $12,024
    Hours/week
    5 + 18.25 related

  • Micheal W Buckner

    TRUSTEE

    Total calculated
    $87,996
    From this org
    $20,000
    From related orgs
    $64,000
    Other
    $3,996
    Hours/week
    6 + 14.25 related

  • Lorraine Lewis

    EXECUTIVE DIRECTOR

    Total calculated
    $77,195
    From this org
    $72,913
    From related orgs
    $0
    Other
    $4,282
    Hours/week
    3.33 + 14.59 related

    Schedule J breakdown matched by us

    Base
    $71,351
    Bonus
    $32
    Other
    $1,530
    Deferred
    $2,658
    Nontaxable benefits
    $1,624
    Filer's total
    $77,195

  • Michael O McKown

    TRUSTEE

    Total calculated
    $75,000
    From this org
    $0
    From related orgs
    $75,000
    Other
    $0
    Hours/week
    2 + 18.25 related

  • Carlo Tarley

    TRUSTEE

    Total calculated
    $60,524
    From this org
    $50,000
    From related orgs
    $0
    Other
    $10,524
    Hours/week
    9

  • Anna Amselle

    DIR, FINANCE (EFF 06/26/2023)

    Total calculated
    $14,813
    From this org
    $13,894
    From related orgs
    $0
    Other
    $919
    Hours/week
    3.75 + 16.12 related

    Schedule J breakdown matched by us

    Base
    $13,457
    Bonus
    $364
    Other
    $73
    Deferred
    $402
    Nontaxable benefits
    $517
    Filer's total
    $14,813

  • Dale Stover

    DIR FIN INTRM(3/4/23 - 6/5/23)

    Total calculated
    $10,889
    From this org
    $10,686
    From related orgs
    $0
    Other
    $203
    Hours/week
    3.75 + 16.12 related

    Schedule J breakdown matched by us

    Base
    $10,469
    Bonus
    $0
    Other
    $217
    Deferred
    $0
    Nontaxable benefits
    $203
    Filer's total
    $10,889

  • Samuel Rodriguez

    DIR OF FINANCE (THRU 3/3/2023)

    Total calculated
    $4,823
    From this org
    $4,368
    From related orgs
    $0
    Other
    $455
    Hours/week
    3.75 + 17.21 related

    Schedule J breakdown matched by us

    Base
    $4,315
    Bonus
    $0
    Other
    $53
    Deferred
    $299
    Nontaxable benefits
    $156
    Filer's total
    $4,823

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)

PART I, LINE 3 - ESTABLISHING THE COMPENSATION OF THE EXECUTIVE DIRECTOR:
THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS ESTABLISHED BY AN UNRELATED ORGANIZATION WHO USES A COMPENSATION SURVEY/STUDY IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION.
PART II, COLUMN C - DEFERRED COMPENSATION:
$875 INCLUDED IN DEFERRED COMPENSATION REPRESENTS THE ANNUAL INCREASE IN ACTUARIAL VALUE OF A QUALIFIED DEFINED BENEFIT PLAN, AS CALCULATED BY THE PLAN ACTUARY. NONE OF THIS INCREASE REPRESENTS AN ACTUAL OUTLAY.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

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

  • ENERGY COAL INCOME PARTNERSHIP

Related corporations and trusts

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

  • AMHERST COAL CO

  • ARCH OF ALABAMA INC- APOGEE

  • ARCH OF KENTUCKY INC- APOGEE

  • BELVA COAL CO INC

  • BLUE CREEK COAL COMPANY INC

  • BOSSCO INC

  • BUFFALO MINING CO

  • CARPENTERTOWN COAL & COKE

  • CENTRAL APPALACHIAN COAL CO

  • CENTRAL OHIO COAL CO

  • CHEVRON MINING INC

  • CHILDRESS SERVICE CORP

  • CLASSIC COAL CORPORATION

  • CLINCHFIELD COAL CO

  • COMMERCIAL LAND COMPANY INC

  • CONSOLIDATION COAL COMPANY

  • DIME COAL CO INC

  • DONALDSON MINE COMPANY

  • DRUMMOND COMPANY INC

  • DUQUESNE LIGHT CO

  • EASTERN ASSOCIATED COAL LLC

  • EASTERN COAL CORP

  • ELKAY MINING CO

  • ENOXY COAL CO INC

  • FLAT GAP MINING INC

  • FREEMAN UNITED COAL MINING COMPANY

  • HERITAGE COAL COMPANY LLC

  • INLAND STEEL COAL CO

  • ISLAND CREEK COAL CO

  • JUMACRIS MINING CO

  • KENTLAND-ELKHORN CORPORATION

  • KENTUCKY CARBON CORP

  • KING KNOB COAL CO INC

  • KITCHEKAN FUEL CORPORATION

  • LEFT BEAVER COAL CO-CLIFFS

  • LESLIE COAL MINING COMPANY

  • LYNN LAND COMPANY

  • MATHIES COAL COMPANY

  • MCINNES COAL MINING CO

  • MEAD CORPORATION

  • MERLO CHARLES J INC

  • NATIONAL COAL MNG CO

  • NAVARO MINING INC

  • NORTH AMERICAN COAL CORP

  • NORTH BRANCH COAL CO

  • OAK GROVE COAL COMPANY INC

  • POCAHONTAS FUEL CO INC

  • REITZ COAL CO

  • RELIABLE COAL CORP

  • RIDGELAND CO INC

  • ROCHESTER & PITTSBURGH COAL CO

  • ROYAL COAL CO

  • SEWELL COAL COMPANY INC

  • SHACKLEFORD COAL CO INC

  • SHREWSBURY COAL COMPANY

  • STELCO COAL CO

  • TRIPLE J TRUCKING CO INC

  • U S STEEL MINING COMPANY LLC

  • UNION CARBIDE CORP

  • UPSHUR COALS CORPORATION

  • BLUESTONE COAL CORPORATION

  • GATEWAY COAL COMPANY

  • HARMAN MINING COPORATION

  • HOMER CITY COAL PROC CORP

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349312662

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