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← LOCAL 522 WELFARE FUND OF NEW YORK & NEW JERSEY

Form 990 for tax year 2024

Filed by LOCAL 522 WELFARE FUND OF NEW YORK & NEW JERSEY.

Totals

Total revenue
$25,467,794
Total expenses
$29,108,183
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$23,869,970
Investment income
$1,597,824
Other revenue
$0
Total assets, end of year
$6,107,164
Total liabilities, end of year
$4,615,204
Net assets or fund balances, end of year
$1,491,960
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 $23,846,335 · related or exempt $23,846,335

  • 2b · Program service revenue: COBRA CONTRIBUTIONS

    total $23,635 · related or exempt $23,635

  • 3 · Investment income

    total $175,531 · excluded $175,531

  • 7a · Gross sales of assets other than inventory

    securities $12,079,565

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

    securities $10,657,272

  • 7c · Gain or loss

    securities $1,422,293

  • 7d · Net gain or loss

    total $1,422,293 · excluded $1,422,293

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $28,207,856

  • 11b · Fees: legal

    total $67,403

  • 11c · Fees: accounting

    total $131,738

  • 11f · Fees: investment management

    total $18,951

  • 11g · Fees: other

    total $600,250

  • 13 · Office expenses

    total $25,020

  • 14 · Information technology

    total $29,634

  • 23 · Insurance

    total $27,331

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $88,792 · end of year $317,966

  • 2 · Savings and temporary cash investments

    beginning of year $940,665 · end of year $410,281

  • 4 · Accounts receivable

    beginning of year $2,682,015 · end of year $2,510,537

  • 9 · Prepaid expenses and deferred charges

    beginning of year $146,993 · end of year $110,527

  • 11 · Investments: publicly traded securities

    beginning of year $7,338,319 · end of year $2,757,853

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,000 · end of year $75,204

  • 25 · Other liabilities

    beginning of year $4,930,000 · end of year $4,540,000

  • 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 $6,195,784 · end of year $1,491,960

Mission and programs · 2024

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

  • THE PLAN PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

As filed on the 2024 return.

Listed in Part VII

  • James Kane

    TRUSTEE

    Total calculated
    $166,660
    From this org
    $0
    From related orgs
    $116,600
    Other
    $50,060
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $115,601 related
    Bonus
    $0
    Other
    $0 + $999 related
    Deferred
    $0 + $34,190 related
    Nontaxable benefits
    $0 + $15,870 related
    Filer's total
    $0 + $166,660 related

  • Daniel Kane Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • John Wagner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Dennis McGuire

    TRUSTEE

    Total calculated
    $4,000
    From this org
    $2,000
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    2 + 2 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

None.

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.

  • LOCAL UNION 522 IBT

    501(C)(5) · LABOR UNION · NY

  • LOCAL 522 PENSION FUND

    501(A) · PENSION BENEFIT FUND · NY

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.

  • 700 SHORE ROAD WATERSEDGE

    CONTRIBUTING EMPLOYER

  • AABR INC

    CONTRIBUTING EMPLOYER

  • ABBE LUMBER

    CONTRIBUTING EMPLOYER

  • ABCO REFRIGERATION

    CONTRIBUTING EMPLOYER

  • ABM INDUSTRY

    CONTRIBUTING EMPLOYER

  • ALLIED BUILDING PRODUCT CORP

    CONTRIBUTING EMPLOYER

  • BAY RIDGE NISSAN

    CONTRIBUTING EMPLOYER

  • BEARINGS LIMITED

    CONTRIBUTING EMPLOYER

  • BIRCH LUMBER

    CONTRIBUTING EMPLOYER

  • BROOKLYN AUDI

    CONTRIBUTING EMPLOYER

  • BROWN BUILDERS

    CONTRIBUTING EMPLOYER

  • BUILDERS GENERAL SUPPLY

    CONTRIBUTING EMPLOYER

  • CBF TRUCKING INC

    CONTRIBUTING EMPLOYER

  • CITY LUMBER

    CONTRIBUTING EMPLOYER

  • COLGATE RENTALS CORP

    CONTRIBUTING EMPLOYER

  • CORE MAIN

    CONTRIBUTING EMPLOYER

  • CUSTOM EP LLC

    CONTRIBUTING EMPLOYER

  • DEEPDALE COUNTRY CLUB

    CONTRIBUTING EMPLOYER

  • ELCONGDON & SONS

    CONTRIBUTING EMPLOYER

  • EASTERN MILLWORK

    CONTRIBUTING EMPLOYER

  • EASTERN STEEL

    CONTRIBUTING EMPLOYER

  • ELECTRONIC HARDWARE CORP

    CONTRIBUTING EMPLOYER

  • FERRARA LUMBER CORP

    CONTRIBUTING EMPLOYER

  • FIREBIRD FREIGHT

    CONTRIBUTING EMPLOYER

  • FRED'S SERVICE CENTER

    CONTRIBUTING EMPLOYER

  • FRESH MEADOWS COUNTRY CLUB

    CONTRIBUTING EMPLOYER

  • GARBER BUILDING SUPPLIES

    CONTRIBUTING EMPLOYER

  • GARDEN STATE LUMBER PRODUCTS

    CONTRIBUTING EMPLOYER

  • GEMTOR

    CONTRIBUTING EMPLOYER

  • GERSHOW RECYCLING CORP

    CONTRIBUTING EMPLOYER

  • I RAUCH'S & SONS

    CONTRIBUTING EMPLOYER

  • ISLAND AUTOMOTIVE

    CONTRIBUTING EMPLOYER

  • J ALPERIN

    CONTRIBUTING EMPLOYER

  • JAD CORP

    CONTRIBUTING EMPLOYER

  • JFK TRUCKING

    CONTRIBUTING EMPLOYER

  • KINGS AUTOMOTIVE

    CONTRIBUTING EMPLOYER

  • KSK AUTOMOTIVE

    CONTRIBUTING EMPLOYER

  • LENOBLE

    CONTRIBUTING EMPLOYER

  • LOCAL UNION NO 522

    CONTRIBUTING EMPLOYER

  • MANUFACTURES RESERVE SUPPLY

    CONTRIBUTING EMPLOYER

  • MAYFLOWER SALES CO

    CONTRIBUTING EMPLOYER

  • MERCURY PAINT

    CONTRIBUTING EMPLOYER

  • MILLERS AUTO PARTS OF MT KISKO

    CONTRIBUTING EMPLOYER

  • MOTIVE PARTS

    CONTRIBUTING EMPLOYER

  • MRZ TRUCKING

    CONTRIBUTING EMPLOYER

  • NEAT HEAT CLIMATE CONTROL

    CONTRIBUTING EMPLOYER

  • NEW ERA LUMBER

    CONTRIBUTING EMPLOYER

  • OMNI RECYCLING OF WESTBURY

    CONTRIBUTING EMPLOYER

  • OMNI RECYCLING OF INWOOD

    CONTRIBUTING EMPLOYER

  • OPERATIVE CAKE

    CONTRIBUTING EMPLOYER

  • PARTS AUTHORITY

    CONTRIBUTING EMPLOYER

  • POINT BAY FUEL

    CONTRIBUTING EMPLOYER

  • POST AIR FREIGHT TRUCKING

    CONTRIBUTING EMPLOYER

  • PRIME AUTO PARTS

    CONTRIBUTING EMPLOYER

  • PRO LINE WAREHOUSING

    CONTRIBUTING EMPLOYER

  • PUBLIC SERVICE TRUCK

    CONTRIBUTING EMPLOYER

  • RAMADA PLAZA

    CONTRIBUTING EMPLOYER

  • RONDI AUTOMOBILE

    CONTRIBUTING EMPLOYER

  • ROSENZWEIG LUMBER COMPANY

    CONTRIBUTING EMPLOYER

  • RP BAKING LLC

    CONTRIBUTING EMPLOYER

  • S&J SHEET METAL SUPPLY

    CONTRIBUTING EMPLOYER

  • SFELDMAN

    CONTRIBUTING EMPLOYER

  • SHEA NASSAU SUFFOLK DELIVERY

    CONTRIBUTING EMPLOYER

  • SHORE POINT DISTRIBUTING

    CONTRIBUTING EMPLOYER

  • SKYLINE WINDOWS

    CONTRIBUTING EMPLOYER

  • SRS DISTRIBUTION

    CONTRIBUTING EMPLOYER

  • STATION AUTO PARTS & PAINT

    CONTRIBUTING EMPLOYER

  • STEEL BUILDING COMPONENTS LLC

    CONTRIBUTING EMPLOYER

  • SYSTEM FREIGHT

    CONTRIBUTING EMPLOYER

  • TIFFANY LUMBER COM

    CONTRIBUTING EMPLOYER

  • TILDEN HUNTINGTON

    CONTRIBUTING EMPLOYER

  • TULNOY LUMBER

    CONTRIBUTING EMPLOYER

  • TYLER DISTRIBUTION CENTERS

    CONTRIBUTING EMPLOYER

  • UNITED SUPPLY

    CONTRIBUTING EMPLOYER

  • WORLD TRADE CFS LLC

    CONTRIBUTING EMPLOYER

  • WIL-BAR

    CONTRIBUTING EMPLOYER

Provenance

Return type
form_990
Tax year
2024
Filed
14 April 2026
IRS schema version
2024v5.5
Source object
202641049349301739

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