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← STEAMFITTERS LOCAL 449 MEDICAL & BENEFIT FUND

Form 990 for tax year 2023

Filed by STEAMFITTERS LOCAL 449 MEDICAL & BENEFIT FUND.

Totals

Total revenue
$47,049,653
Total expenses
$39,139,175
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$41,819,646
Investment income
$1,991,599
Other revenue
$3,238,408
Total assets, end of year
$92,815,380
Total liabilities, end of year
$189,469
Net assets or fund balances, end of year
$92,625,911
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$39,139,175

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 $37,163,382 · related or exempt $37,163,382

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $4,656,264 · related or exempt $4,656,264

  • 3 · Investment income

    total $1,991,599 · related or exempt $1,991,599

  • 11a · Other revenue: NET CHANGE IN FAIR VALUE OF INVES

    total $3,237,241 · related or exempt $3,237,241

  • 11b · Other revenue: OTHER SUBSIDIES, PROCEEDS AND REC

    total $1,167 · related or exempt $1,167

  • 11e · Other revenue, total

    $3,238,408

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $38,605,923

  • 11b · Fees: legal

    total $26,029

  • 11c · Fees: accounting

    total $16,000

  • 11f · Fees: investment management

    total $90,926

  • 23 · Insurance

    total $44,139

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $299,542

  • 24b · Other expenses: OTHER ADMINISTARATIVE E

    total $47,016

  • 24c · Other expenses: ACTUARIAL SERVICES

    total $9,600

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,568,275 · end of year $26,777,086

  • 2 · Savings and temporary cash investments

    beginning of year $1,427,589 · end of year $1,906,520

  • 4 · Accounts receivable

    beginning of year $6,868,966 · end of year $9,427,759

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,904 · end of year $21,700

  • 11 · Investments: publicly traded securities

    beginning of year $49,825,967 · end of year $54,531,057

  • 15 · Other assets

    beginning of year $128,090 · end of year $151,258

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,358 · end of year $189,469

  • 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 $84,715,433 · end of year $92,625,911

Mission and programs · 2023

Mission

TO PAY MEDICAL BENEFITS FOR MEMBERS OF A TRADE UNION, THEIR SPOUSES AND THEIR DEPENDENTS

  • THE PLAN PAYS MEDICAL BENEFITS FOR MEMBERS OF A TRADE UNION, THEIR SPOUSES AND THEIR DEPENDENTS.

    Expenses $39,139,175 · Revenue $47,049,653

As filed on the 2023 return.

Listed in Part VII

  • James Harding

    UNION TRUSTEE - CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Broadbent

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Harry Sterling

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard King

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew Beardsley

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Regis Claus

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dan Lugaila

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ray Gajski

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

  • INFORMATION IS MAINTAINED BY THE PLAN ADMINISTRATOR

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.

  • INFORMATION IS MAINTAINED BY THE PLAN ADMINISTRATOR

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349306130

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