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← IBEW LOCAL UNION 269 WELFARE AND SUPPLEMENTAL BENEFIT FUND

Form 990 for tax year 2023

Filed by IBEW LOCAL UNION 269 WELFARE AND SUPPLEMENTAL BENEFIT FUND.

Totals

Total revenue
$28,664,338
Total expenses
$26,299,736
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,893,991
Investment income
$900,033
Other revenue
$2,870,314
Total assets, end of year
$40,597,999
Total liabilities, end of year
$2,870,479
Net assets or fund balances, end of year
$37,727,520
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 $22,880,857 · related or exempt $22,880,857

  • 2b · Program service revenue: RETIREES CONTRIBUTIONS

    total $1,867,476 · related or exempt $1,867,476

  • 2c · Program service revenue: PARTICIPANTS COBRA CONTRIBUTIONS

    total $145,658 · related or exempt $145,658

  • 3 · Investment income

    total $900,033 · excluded $900,033

  • 11a · Other revenue: REBATE REIMBURSEMENTS

    total $2,131,819 · related or exempt $2,131,819

  • 11b · Other revenue: STOP LOSS REIMBURSEMENTS

    total $736,354 · related or exempt $736,354

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $2,141 · related or exempt $2,141

  • 11e · Other revenue, total

    $2,870,314

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $25,760,699

  • 11b · Fees: legal

    total $33,442

  • 11c · Fees: accounting

    total $50,649

  • 11f · Fees: investment management

    total $17,359

  • 11g · Fees: other

    total $414,474

  • 13 · Office expenses

    total $11,118

  • 23 · Insurance

    total $3,211

  • 24a · Other expenses: PCORI FEE

    total $6,770

  • 24b · Other expenses: EDUCATIONAL CONFERENCES

    total $1,468

  • 24c · Other expenses: FIDELITY BOND

    total $546

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,599,216 · end of year $2,369,259

  • 2 · Savings and temporary cash investments

    beginning of year $24,779 · end of year $26,040

  • 4 · Accounts receivable

    beginning of year $2,219,648 · end of year $2,516,466

  • 11 · Investments: publicly traded securities

    beginning of year $29,783,961 · end of year $33,546,084

  • 12 · Investments: other securities

    beginning of year $796,794 · end of year $933,886

  • 15 · Other assets

    beginning of year $644,149 · end of year $1,206,264

  • 17 · Accounts payable and accrued expenses

    beginning of year $112,300 · end of year $168,101

  • 25 · Other liabilities

    beginning of year $2,598,193 · end of year $2,702,378

  • 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 $0 · end of year $0

Mission and programs · 2023

Mission

TO PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS.

  • TO PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS.

As filed on the 2023 return.

Listed in Part VII

  • Gino A Pasqualone

    TRUSTEE

    Total calculated
    $336,243
    From this org
    $0
    From related orgs
    $232,175
    Other
    $104,068
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $232,175 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $71,669 related
    Nontaxable benefits
    $0 + $32,399 related
    Filer's total
    $0 + $336,243 related

  • Stephen M Aldrich

    TRUSTEE

    Total calculated
    $376,850
    From this org
    $0
    From related orgs
    $262,650
    Other
    $114,200
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $262,650 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $80,573 related
    Nontaxable benefits
    $0 + $33,627 related
    Filer's total
    $0 + $376,850 related

  • Michael Nielsen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Timothy Bryan Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joseph Knecht Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wayne P Deangelo

    TRUSTEE

    Total calculated
    $331,847
    From this org
    $0
    From related orgs
    $232,147
    Other
    $99,700
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $232,147 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $71,669 related
    Nontaxable benefits
    $0 + $28,031 related
    Filer's total
    $0 + $331,847 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. 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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202423139349301947

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