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Nonprofiteer
← TEAMSTERS LOCAL 251 HEALTH SERVICES & INSURANCE PLAN

Form 990 for tax year 2023

Filed by TEAMSTERS LOCAL 251 HEALTH SERVICES & INSURANCE PLAN.

Totals

Total revenue
$75,475,053
Total expenses
$63,850,826
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$71,086,306
Investment income
$4,388,747
Other revenue
$0
Total assets, end of year
$160,982,854
Total liabilities, end of year
$359,900
Net assets or fund balances, end of year
$160,622,954
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 $70,244,314 · related or exempt $70,244,314

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $729,934 · related or exempt $729,934

  • 2c · Program service revenue: RETIREE CONTRIBUTIONS

    total $109,809 · related or exempt $109,809

  • 2d · Program service revenue: OTHER INCOME

    total $2,249 · related or exempt $2,249

  • 3 · Investment income

    total $4,279,844 · excluded $4,279,844

  • 7a · Gross sales of assets other than inventory

    securities $12,850,000

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

    securities $12,741,097

  • 7c · Gain or loss

    securities $108,903

  • 7d · Net gain or loss

    total $108,903 · excluded $108,903

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $62,024,845

  • 7 · Other salaries and wages

    total $445,491

  • 8 · Pension plan contributions

    total $229,458

  • 9 · Other employee benefits

    total $127,108

  • 11b · Fees: legal

    total $278,256

  • 11c · Fees: accounting

    total $50,000

  • 11f · Fees: investment management

    total $82,104

  • 11g · Fees: other

    total $173,500

  • 13 · Office expenses

    total $101,476

  • 14 · Information technology

    total $112,579

  • 16 · Occupancy

    total $105,504

  • 19 · Conferences, conventions and meetings

    total $21,954

  • 22 · Depreciation, depletion and amortization

    total $32,786

  • 23 · Insurance

    total $45,194

  • 24a · Other expenses: FEES MANDATED BY THE AC

    total $20,571

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $343,472 · end of year $68,192

  • 2 · Savings and temporary cash investments

    beginning of year $15,844,828 · end of year $18,845,673

  • 4 · Accounts receivable

    beginning of year $3,458,287 · end of year $3,864,256

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,821 · end of year $95,502

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

    $1,262,191

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

    $1,065,472

  • 10c · Land, buildings and equipment, net

    beginning of year $222,097 · end of year $196,719

  • 11 · Investments: publicly traded securities

    beginning of year $114,266,156 · end of year $130,249,435

  • 12 · Investments: other securities

    beginning of year $6,183,159 · end of year $6,553,077

  • 15 · Other assets

    beginning of year $1,053,000 · end of year $1,110,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $315,110 · end of year $291,055

  • 19 · Deferred revenue

    beginning of year $64,759 · end of year $68,845

  • 29 · Capital stock, trust principal or current funds

    beginning of year $141,066,951 · end of year $160,622,954

  • 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 $0 · end of year $0

Mission and programs · 2023

Mission

THE PLAN PROVIDES MEDICAL, HOSPITALIZATION, DENTAL, VISION, HEARING, LIFE INSURANCE, WEEKLY ACCIDENT AND SICKNESS, LONG-TERM DISABILITY, INCOME TAX PREPARATION, AND PRESCRIPTION DRUG BENEFITS AS WELL AS AN EMPLOYEES' ASSISTANCE PROGRAM FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. THE PLAN ALSO PROVIDES A PROGRAM OF BENEFITS FOR ELIGIBLE RETIREES.

  • THE PLAN PROVIDES MEDICAL, HOSPITALIZATION, DENTAL, VISION, HEARING, LIFE INSURANCE, WEEKLY ACCIDENT AND SICKNESS, LONG-TERM DISABILITY, INCOME TAX PREPARATION, AND PRESCRIPTION DRUG BENEFITS AS WELL AS AN EMPLOYEES' ASSISTANCE PROGRAM FOR APPROXIMATELY 3,108 MEMBERS AND THEIR DEPENDENTS.

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

Listed in Part VII

  • Jeffery Isaacs

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Matthew G Taibi

    UNION TRUSTEE/CO-CHAIRMAN

    Total calculated
    $207,306
    From this org
    $0
    From related orgs
    $140,413
    Other
    $66,893
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,413 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $40,203 related
    Nontaxable benefits
    $0 + $26,690 related
    Filer's total
    $0 + $207,306 related

  • Paul J Santos

    UNION TRUSTEE

    Total calculated
    $201,631
    From this org
    $0
    From related orgs
    $134,738
    Other
    $66,893
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,738 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $40,203 related
    Nontaxable benefits
    $0 + $26,690 related
    Filer's total
    $0 + $201,631 related

  • Matthew A Maini

    UNION TRUSTEE

    Total calculated
    $195,672
    From this org
    $0
    From related orgs
    $128,779
    Other
    $66,893
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,779 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $40,203 related
    Nontaxable benefits
    $0 + $26,690 related
    Filer's total
    $0 + $195,672 related

  • Frank Parella

    EMPLOYER TRUSTEE/CO-CHAIRM

    Total calculated
    $0
    Hours/week
    2

  • William Schmiedeknecht

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tammy Beaudreault

    FUND ADMINISTRATOR

    Total calculated
    $198,298
    From this org
    $123,737
    From related orgs
    $0
    Other
    $74,561
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,737
    Bonus
    $0
    Other
    $0
    Deferred
    $49,131
    Nontaxable benefits
    $25,430
    Filer's total
    $198,298

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

  • 3 · Approval by the board or compensation committee

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.

  • ABF FREIGHT SYSTEMS

  • ADAMSDALE CONCRETE &

  • AMERIGAS PROPANE LP

  • ANNUAL MEETING

  • BACCALA J & SONS

  • BAKER COMMODITIES IN

  • BEACON MUTUAL INSURA

  • BOYLE & FOGARTY

  • BRADFORD

  • BRITOC CONSTRUCTIO

  • BUCKLEY HEATING AND

  • C & J LLC

  • CARDI CORPREADY MIX

  • CARDI CORPORATION

  • CARDI LEASING CORPOR

  • CAREMARK

  • CAST AND CREW

  • CATALANO CONSTRUCTIO

  • CENTREX DISTRIBUTORS

  • CRANSTON HOUSING AUT

  • CROWN LINEN SERVICES

  • D'AMBRA CONSTRUCTION

  • DEL-VA CORPORATION

  • DEMCO LLC

  • DEREK E MITCHELL

  • DHL EXPRESS

  • DIGREGORIO INC

  • ENTERTAINMENT PARTNE

  • EQUALITY CONTRUCTION

  • FALL RIVER READY MIX

  • GPL CONSTRUCTION

  • GREENVILLE WATER DIS

  • HESS JOHN R & SONS

  • HORIZON BEVERAGE GRO

  • IANNUCCILLO R P &

  • IDS HIGHWAY SAFETY

  • JACK COOPER TRANSPOR

  • LYNCH J H & SONS

  • MARR SCAFFOLDING COM

  • MC LAUGHLIN & MORAN

  • MEDIA SERVICES

  • METALS RECYCLING

  • MONDELEZ

  • NARRAGANSETT IMPROVE

  • NATIONAL GRID LNG

  • NEW ENGLAND LINEN SU

  • NEW PENN MOTOR EXPRE

  • NORTHSTAR EQUIPMENT

  • PJ KEATING COMPANY

  • PASQUAZZI BROTHERS

  • PETRO DRIVERS AND ME

  • PETROLEUM HEAT & POW

  • PRAXAIR DISTRIBUTION

  • REIMB OVERPAYMENT DA

  • REZENDES K R INC

  • RHODE ISLAND HOSPITA

  • RI FLG GENCO LLC

  • RIVERHEAD BUILDING S

  • ROCCHIO JOHN CORPOR

  • SMITH'S GENERAL TRUC

  • SPRAGUE ENERGY

  • STEPHEN D MUNROE

  • SUNBELT RENTALS

  • TEKNOR APEX COMPANY

  • TOWN OF TIVERTON

  • TWIN RIVER

  • UNITED HEALTHCARE SE

  • UNITED PARCEL SERVIC

  • UNIVERSAL CONSTRUCTI

  • VEOLIA WATER

  • VINAGRO JR CO

  • WILSON 5 SERVICE COM

  • WOOD'S HEATING SERVI

  • YRC FREIGHT

Provenance

Return type
form_990
Tax year
2023
Filed
10 March 2025
IRS schema version
2023v6.0
Source object
202540699349301399

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