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← LOCAL 274 HEALTH AND WELFARE FUND

Form 990 for tax year 2023

Filed by LOCAL 274 HEALTH AND WELFARE FUND.

Totals

Total revenue
$8,313,257
Total expenses
$6,681,883
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,938,197
Investment income
$375,060
Other revenue
$0
Total assets, end of year
$17,644,880
Total liabilities, end of year
$152,737
Net assets or fund balances, end of year
$17,492,143
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: EMPLOYER CONTRIBUTIONS

    total $7,594,116 · related or exempt $7,594,116

  • 2b · Program service revenue: EMPLOYEE & COBRA CONTRIB.

    total $325,238 · related or exempt $325,238

  • 2c · Program service revenue: OTHER INCOME

    total $18,843 · related or exempt $18,843

  • 3 · Investment income

    total $408,588 · excluded $408,588

  • 7a · Gross sales of assets other than inventory

    securities $4,941,618

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

    securities $4,975,146

  • 7c · Gain or loss

    securities -$33,528

  • 7d · Net gain or loss

    total -$33,528 · excluded -$33,528

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,811,658

  • 7 · Other salaries and wages

    total $149,252

  • 8 · Pension plan contributions

    total $8,595

  • 9 · Other employee benefits

    total $11,631

  • 10 · Payroll taxes

    total $7,679

  • 11a · Fees: management

    total $325,587

  • 11b · Fees: legal

    total $25,365

  • 11c · Fees: accounting

    total $105,000

  • 11f · Fees: investment management

    total $35,230

  • 11g · Fees: other

    total $62,245

  • 13 · Office expenses

    total $32,879

  • 14 · Information technology

    total $83,007

  • 16 · Occupancy

    total $2,688

  • 19 · Conferences, conventions and meetings

    total $1,815

  • 22 · Depreciation, depletion and amortization

    total $2,071

  • 23 · Insurance

    total $15,294

  • 24a · Other expenses: REGULATORY FEES AND TAX

    total $1,887

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,694 · end of year $10,060

  • 2 · Savings and temporary cash investments

    beginning of year $2,060,087 · end of year $3,680,424

  • 4 · Accounts receivable

    beginning of year $779,205 · end of year $1,010,907

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,812 · end of year $40,283

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

    $283,794

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

    $273,576

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $10,218

  • 11 · Investments: publicly traded securities

    beginning of year $7,316,678 · end of year $9,492,862

  • 12 · Investments: other securities

    beginning of year $1,540,397 · end of year $2,653,026

  • 15 · Other assets

    beginning of year $612,000 · end of year $747,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,734 · end of year $124,885

  • 25 · Other liabilities

    beginning of year $0 · end of year $27,852

  • 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 $12,290,139 · end of year $17,492,143

Mission and programs · 2023

Mission

THE FUND PROVIDES BENEFITS, INCLUDING MEDICAL, SURGICAL, HOSPITALIZATION, DEATH, DISABILITY, DENTAL, PRESCRIPTION ,VISION AND ORTHOTIC BENEFITS TO ELIGIBLE MEMBERS.

Activities or mission (Part I)

THE EXEMPT PURPOSE OF LOCAL 274 HEALTH & WELFARE FUND IS TO PROVIDE FOR MEDICAL, SURGICAL, HOSPITAL, DEATH, DISABILITY, DENTAL, PRESCRIPTION, VISION AND ORTHOTIC BENEFITS TO THEIR MEMBERS OR DESIGNATED BENEFICIARIES.

  • THE FUND PROVIDES BENEFITS, INCLUDING MEDICAL, SURGICAL, HOSPITALIZATION, DEATH, DISABILITY, DENTAL, PRESCRIPTION ,VISION AND ORTHOTIC BENEFITS TO ELIGIBLE MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • Ronald C Gilbert

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Richard Minter

    UNION TRUSTEE

    Total calculated
    $600
    From this org
    $0
    From related orgs
    $600
    Other
    $0
    Hours/week
    2 + 40 related

  • Lynne P Fox

    UNION TRUSTEE

    Total calculated
    $8,742
    From this org
    $0
    From related orgs
    $600
    Other
    $8,142
    Hours/week
    2 + 40 related

  • Jo Ann Bongart

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gina Wilson

    UNION TRUSTEE

    Total calculated
    $78,213
    From this org
    $0
    From related orgs
    $61,875
    Other
    $16,338
    Hours/week
    2 + 40 related

  • Howard Flaxman

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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 corporations and trusts

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

  • ALOFT HOTEL

  • ARAMARK AT LASALLE

  • ARAMARK CADILLAC GRI

  • ARAMARK CONVENTION C

  • ARAMARK ST JOSEPHS

  • ARAMARK STEINBERG CE

  • ARAMARK-TEMPLE ESPOS

  • CASE DESIGN

  • COMPASS GROUP NA D

  • DELAWARE WATERFRONT

  • DORCHESTER

  • EDDINGTON THREAD

  • FOUR POINTS BY SHERA

  • GROWTH HOSPITALITY M

  • HILTON GARDEN INN

  • HILTON PHILA PENN

  • HOLIDAY INN EXPRESS

  • KATI DILLS-PARADIES

  • METZ CULINARY MGMT

  • OTG MANAGEMENT PHL

  • PEN & PENCIL CLUB

  • PHILADELPHIA 201 HOT

  • PHILADELPHIA JOINT B

  • PHILADELPHIA UNEMPLO

  • PRUDENT PROPERTY MAN

  • RITTENHOUSE CLARIDGE

  • SHERATON SUITES

  • SHERATON UNIVERSITY

  • SONESTA EXTRAS

  • SONESTA HOTEL

  • WARWICK HOTEL RITTEN

  • WELLS FARGO CENTER

  • WEST CHESTER UNIVERS

  • WYNDHAM PHILA HISTO

Provenance

Return type
form_990
Tax year
2023
Filed
1 October 2024
IRS schema version
2023v5.1
Source object
202402759349300330

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