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← LOCAL 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS FUND

Form 990 for tax year 2022

Filed by LOCAL 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS FUND.

Totals

Total revenue
$1,812,678
Total expenses
$1,172,971
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,154,217
Investment income
$655,411
Other revenue
$3,050
Total assets, end of year
$10,793,223
Total liabilities, end of year
$31,205
Net assets or fund balances, end of year
$10,762,018
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 $1,154,217 · related or exempt $1,154,217

  • 3 · Investment income

    total $226,757 · excluded $226,757

  • 7a · Gross sales of assets other than inventory

    securities $4,558,183

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

    securities $4,129,529

  • 7c · Gain or loss

    securities $428,654

  • 7d · Net gain or loss

    total $428,654 · excluded $428,654

  • 11a · Other revenue: RESTITUTION OF THEFT

    total $3,050 · related or exempt $3,050

  • 11e · Other revenue, total

    $3,050

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,013,269

  • 11a · Fees: management

    total $82,620

  • 11b · Fees: legal

    total $24,000

  • 11c · Fees: accounting

    total $20,500

  • 11f · Fees: investment management

    total $28,237

  • 13 · Office expenses

    total $81

  • 23 · Insurance

    total $2,944

  • 24a · Other expenses: BANK CHARGES

    total $1,320

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,741 · end of year $404,045

  • 2 · Savings and temporary cash investments

    beginning of year $208,891 · end of year $251,107

  • 4 · Accounts receivable

    beginning of year $54,641 · end of year $207,862

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,684 · end of year $45,642

  • 11 · Investments: publicly traded securities

    beginning of year $11,762,394 · end of year $9,884,567

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,988 · end of year $31,205

  • 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 $12,103,363 · end of year $10,762,018

Mission and programs · 2022

Mission

TO PROVIDE ADDITONAL BENEFITS TO ELIGABLE PARTICIPANTS AND THEIR DEPENDENTS.

Activities or mission (Part I)

TO PROVIDE ADDITIONAL BENEFITS AS DESCRIBED IN PART III TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

  • THE FUND PROVIDES ADDITIONAL BENEFITS SUCH AS UNEMPLOYMENT, WORKERS COMPENSATION, DISABILITY, ECONOMIC ASSISTANCE, EDUCATION, DEATH, SEVERANACE AND VACATION TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS WHICH ARE FUNDED BY PARTICIPATING EMPLOYERS WHICH MAKE CONTRIBUTIONS BASED ON HOURS WORKED.

As filed on the 2022 return.

Listed in Part VII

  • Richard T Fitzsimmons

    UNION TRUSTEE

    Total calculated
    $508,374
    From this org
    $0
    From related orgs
    $258,245
    Other
    $250,129
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $258,245 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $136,938 related
    Nontaxable benefits
    $0 + $113,191 related
    Filer's total
    $0 + $508,374 related
  • John Ryan

    UNION TRUSTEE

    Total calculated
    $19,839
    From this org
    $0
    From related orgs
    $13,384
    Other
    $6,455
    Hours/week
    1 + 10 related
  • Christopher Fitzsimmons

    UNION TRUSTEE

    Total calculated
    $333,588
    From this org
    $0
    From related orgs
    $167,846
    Other
    $165,742
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,846 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $93,414 related
    Nontaxable benefits
    $0 + $72,328 related
    Filer's total
    $0 + $333,588 related
  • Robert Wessels

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Mark Rosen

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Joseph Ferrara

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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

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 corporations and trusts

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

  • FRONTIER-KEMPER CONSTRUCTORS INC

    IN

  • LOCAL 147 TRAINING FUND

    NY

  • OCS INDUSTRIES INC

    NY

  • OHL USA INC

    NY

  • NORTHEAST REMSCO

    NJ

  • LOCAL UNION NO147

    NY

  • WALSH CONSTRUCTION II

    IL

Provenance

Return type
form_990
Tax year
2022
Filed
23 October 2023
IRS schema version
2022v5.0
Source object
202312969349300141

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