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← ROOFERS LOCAL 241 INSURANCE FUND

Form 990 for tax year 2023

Filed by ROOFERS LOCAL 241 INSURANCE FUND.

Totals

Total revenue
$3,783,238
Total expenses
$3,507,840
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,721,562
Investment income
$61,676
Other revenue
$0
Total assets, end of year
$3,202,219
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,202,219
Program services expenses (Part IX)
$3,087,948
Management and general expenses
$419,892
Fundraising expenses
$0
Program service expenses (Part III)
$3,087,948

Program services were 88.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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 $3,677,116 · related or exempt $3,677,116

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTI

    total $44,446 · related or exempt $44,446

  • 3 · Investment income

    total $61,974 · excluded $61,974

  • 7a · Gross sales of assets other than inventory

    securities $283,080

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

    securities $283,378

  • 7c · Gain or loss

    securities -$298

  • 7d · Net gain or loss

    total -$298 · related or exempt -$298

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,087,948 · program services $3,087,948

  • 11b · Fees: legal

    total $8,793 · management and general $8,793

  • 11c · Fees: accounting

    total $14,000 · management and general $14,000

  • 11g · Fees: other

    total $14,200 · management and general $14,200

  • 13 · Office expenses

    total $10,706 · management and general $10,706

  • 14 · Information technology

    total $21,854 · management and general $21,854

  • 16 · Occupancy

    total $4,872 · management and general $4,872

  • 19 · Conferences, conventions and meetings

    total $4,895 · management and general $4,895

  • 23 · Insurance

    total $1,443 · management and general $1,443

  • 24a · Other expenses: CLERICAL SERVICES

    total $168,122 · management and general $168,122

  • 24b · Other expenses: TAXES ON BENEFIT PAYMEN

    total $160,933 · management and general $160,933

  • 24c · Other expenses: INVESTMENT EXPENSES

    total $8,220 · management and general $8,220

  • 24d · Other expenses: DUES

    total $1,854 · management and general $1,854

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,145,030 · end of year $727,921

  • 2 · Savings and temporary cash investments

    beginning of year $28,353 · end of year $31,658

  • 4 · Accounts receivable

    beginning of year $419,466 · end of year $496,423

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,394 · end of year $9,609

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

    $28,209

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

    $28,209

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,259,961 · end of year $1,936,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,186 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $663,927 · end of year $728,869

  • 28 · Net assets with donor restrictions

    beginning of year $2,209,091 · end of year $2,473,350

Mission and programs · 2023

Mission

SEE BELOW

  • PROVIDE DEATH, DISABILITY, HOSPITALIZATION, MEDICAL AND SURGICAL, VACATION, HEALTH CARE ASSISTANCE AND OTHER BENEFITS TO PARTICIPANTS AND THEIR DEPENDANTS.

    Expenses $3,087,948

As filed on the 2023 return.

Listed in Part VII

  • Michael Rossi

    TRUSTEE

    Total calculated
    $80,184
    From this org
    $0
    From related orgs
    $80,184
    Other
    $0
    Hours/week
    1

  • Anthony Pazmino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steven Sawyer

    TRUSTEE (FORMER)

    Total calculated
    $3,090
    From this org
    $820
    From related orgs
    $2,270
    Other
    $0
    Hours/week
    1

  • William Creamer

    TRUSTEE

    Total calculated
    $4,057
    From this org
    $1,402
    From related orgs
    $2,655
    Other
    $0
    Hours/week
    1

  • Bob Farrell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Todd Helfrich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Wescott

    TRUSTEE (FORMER)

    Total calculated
    $308
    From this org
    $308
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Stephen O'Sick

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202501339349301945

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