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← LOCAL 237 TEAMSTERS-TOWN OF BABYLON HEALTH & WELFARE TRUST FUND

Form 990 for tax year 2023

Filed by LOCAL 237 TEAMSTERS-TOWN OF BABYLON HEALTH & WELFARE TRUST FUND.

Totals

Total revenue
$375,816
Total expenses
$353,943
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$363,289
Investment income
$12,527
Other revenue
$0
Total assets, end of year
$1,275,912
Total liabilities, end of year
$70,542
Net assets or fund balances, end of year
$1,205,370
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 $361,950 · related or exempt $361,950

  • 2b · Program service revenue: COBRA CONTRIBUTIONS

    total $1,339 · related or exempt $1,339

  • 3 · Investment income

    total $4,043 · excluded $4,043

  • 7a · Gross sales of assets other than inventory

    securities $446,148

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

    securities $437,664

  • 7c · Gain or loss

    securities $8,484

  • 7d · Net gain or loss

    total $8,484 · excluded $8,484

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $233,399

  • 11b · Fees: legal

    total $7,016

  • 11c · Fees: accounting

    total $14,000

  • 11f · Fees: investment management

    total $1,023

  • 11g · Fees: other

    total $39,853

  • 13 · Office expenses

    total $7,368

  • 19 · Conferences, conventions and meetings

    total $4,658

  • 23 · Insurance

    total $884

  • 24a · Other expenses: REIMBURSED EXPENSE ALLO

    total $45,742

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $189,502 · end of year $214,672

  • 2 · Savings and temporary cash investments

    beginning of year $384,624 · end of year $0

  • 4 · Accounts receivable

    beginning of year $60,750 · end of year $62,400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,183 · end of year $2,602

  • 11 · Investments: publicly traded securities

    beginning of year $561,645 · end of year $996,238

  • 15 · Other assets

    beginning of year $1,686 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,355 · end of year $24,800

  • 25 · Other liabilities

    beginning of year $38,023 · end of year $45,742

  • 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 $1,147,012 · end of year $1,205,370

Mission and programs · 2023

Mission

THE PLAN PROVIDES SHORT-TERM DISABILITY, DENTAL, DRUG, OPTICAL, DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT, AND CERTAIN OTHER BENEFITS FOR ELIGIBLE PARTICIPANTS. A PARTICIPANT IS ELIGIBLE IN THE PLAN IF HE OR SHE IS ACTIVELY WORKING FOR THE TOWN AND THE TOWN IS MAKING PAYMENTS TO THE PLAN ON THEIR BEHALF.

Activities or mission (Part I)

THE PLAN PROVIDES SHORT-TERM DISABILITY, DENTAL, DRUG, OPTICAL, DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT, AND CERTAIN OTHER BENEFITS FOR ELIGIBLE PARTICIPANTS.

  • THE PLAN PROVIDES SHORT-TERM DISABILITY, DENTAL, DRUG, OPTICAL, DEATH, ACCIDENTAL DEATH AND DISMEMBERMENT, AND CERTAIN OTHER BENEFITS FOR ELIGIBLE PARTICIPANTS. A PARTICIPANT IS ELIGIBLE IN THE PLAN IF HE OR SHE IS ACTIVELY WORKING FOR THE TOWN AND THE TOWN IS MAKING PAYMENTS TO THE PLAN ON THEIR BEHALF.

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

Listed in Part VII

  • SCOTT DIMPERIO

    UNION TRUSTEE

    Total calculated
    $44,200
    From this org
    $0
    From related orgs
    $44,200
    Other
    $0
    Hours/week
    1 + 20 related

  • BEN CARENZA

    UNION TRUSTEE

    Total calculated
    $224,850
    From this org
    $0
    From related orgs
    $211,048
    Other
    $13,802
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,048 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,106 related
    Nontaxable benefits
    $0 + $696 related
    Filer's total
    $0 + $224,850 related

  • RONALD KLUESNER

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS STAY

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH WILSON

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDREW VIEGAS

    UNION TRUSTEE

    Total calculated
    $44,200
    From this org
    $0
    From related orgs
    $44,200
    Other
    $0
    Hours/week
    1 + 20 related

  • ROBERT KISSANE

    CONTROLLER

    Total calculated
    $258,170
    From this org
    $0
    From related orgs
    $239,915
    Other
    $18,255
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,915 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,559 related
    Nontaxable benefits
    $0 + $696 related
    Filer's total
    $0 + $258,170 related

  • MITCH GOLDBERG

    DIRECTOR

    Total calculated
    $245,955
    From this org
    $0
    From related orgs
    $184,990
    Other
    $60,965
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,990 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,359 related
    Nontaxable benefits
    $0 + $32,606 related
    Filer's total
    $0 + $245,955 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.

Provenance

Return type
form_990
Tax year
2023
Filed
21 August 2024
IRS schema version
2023v5.1
Source object
202402349349301025

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