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← G C I U LOCAL 612M EMPLOYER CONTRIBUTED WELFARE FUND

Form 990 for tax year 2023

Filed by G C I U LOCAL 612M EMPLOYER CONTRIBUTED WELFARE FUND.

Totals

Total revenue
$37,149
Total expenses
$18,415
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$10,197
Investment income
$26,949
Other revenue
$3
Total assets, end of year
$561,774
Total liabilities, end of year
$25,206
Net assets or fund balances, end of year
$536,568
Program services expenses (Part IX)
$18,415
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$18,415

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: EMPLOYER CONTRIBUTIONS

    total $10,197 · related or exempt $10,197

  • 3 · Investment income

    total $14,127 · related or exempt $14,127

  • 7a · Gross sales of assets other than inventory

    securities $524,577

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

    securities $511,755

  • 7c · Gain or loss

    securities $12,822

  • 7d · Net gain or loss

    total $12,822 · related or exempt $12,822

  • 11a · Other revenue: OTHER INCOME

    total $3 · related or exempt $3

  • 11e · Other revenue, total

    $3

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $7,477 · program services $7,477

  • 11b · Fees: legal

    total $2,700 · program services $2,700

  • 11c · Fees: accounting

    total $4,000 · program services $4,000

  • 11f · Fees: investment management

    total $1,246 · program services $1,246

  • 13 · Office expenses

    total $60 · program services $60

  • 19 · Conferences, conventions and meetings

    total $365 · program services $365

  • 23 · Insurance

    total $594 · program services $594

  • 24a · Other expenses: SHARED ADMINISTRATIVE EXP

    total $1,400 · program services $1,400

  • 24b · Other expenses: OTHER TAXES

    total $75 · program services $75

  • 24c · Other expenses: INVESTMENT CUSTODY

    total $498 · program services $498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,529 · end of year $15,981

  • 2 · Savings and temporary cash investments

    beginning of year $16,113 · end of year $22,387

  • 4 · Accounts receivable

    beginning of year $846 · end of year $5,518

  • 11 · Investments: publicly traded securities

    beginning of year $419,613 · end of year $517,888

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,247 · end of year $25,206

  • 31 · Retained earnings, endowment or other funds

    beginning of year $455,854 · end of year $536,568

Mission and programs · 2023

Mission

HEALTH BENEFIT PLAN

  • WELFARE BENEFIT FUND PROVIDING HEALTH & DEATH BENEFITS TO ELIGIBLE PARTICIPANTS PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS.

    Expenses $18,415

As filed on the 2023 return.

Listed in Part VII

  • Harry Selnow

    TRUSTEE

    Total calculated
    $20,951
    From this org
    $0
    From related orgs
    $18,360
    Other
    $2,591
    Hours/week
    2 + 10 related

  • Melinda Outwater

    ADMINISTRATOR

    Total calculated
    $19,244
    From this org
    $0
    From related orgs
    $18,088
    Other
    $1,156
    Hours/week
    2 + 10 related

  • Kevin Passante

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 4 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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
10 February 2025
IRS schema version
2023v6.0
Source object
202530429349301723

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