Form 990 for tax year 2024
Filed by LIQUOR SALESMENS UNION LOCAL 2 INSURANCE TRUST FUND.
Totals
- Total revenue
- $865,458
- Total expenses
- $925,810
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $764,553
- Investment income
- $100,905
- Other revenue
- $0
- Total assets, end of year
- $5,486,344
- Total liabilities, end of year
- $12,136
- Net assets or fund balances, end of year
- $5,474,208
- 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 $756,906 · related or exempt $756,906
-
2b · Program service revenue: COBRA CONTRIBUTIONS
total $7,647 · related or exempt $7,647
-
3 · Investment income
total $116,430 · excluded $116,430
-
7a · Gross sales of assets other than inventory
securities $757,475
-
7b · Less cost or other basis and sales expenses
securities $773,000
-
7c · Gain or loss
securities -$15,525
-
7d · Net gain or loss
total -$15,525 · excluded -$15,525
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $553,384
-
7 · Other salaries and wages
total $59,024
-
8 · Pension plan contributions
total $6,140
-
9 · Other employee benefits
total $19,000
-
10 · Payroll taxes
total $38,520
-
11b · Fees: legal
total $71,454
-
11c · Fees: accounting
total $25,250
-
11f · Fees: investment management
total $31,788
-
11g · Fees: other
total $5,400
-
13 · Office expenses
total $48,976
-
14 · Information technology
total $1,978
-
16 · Occupancy
total $17,272
-
23 · Insurance
total $1,352
-
24a · Other expenses: CLERICAL SERVICES
total $31,455
-
24b · Other expenses: BENEFIT CLAIMS PROCESSI
total $14,817
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $434,234 · end of year $304,527
-
2 · Savings and temporary cash investments
beginning of year $59,821 · end of year $13,920
-
4 · Accounts receivable
beginning of year $16,302 · end of year $16,352
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $4,484,358 · end of year $4,846,878
-
12 · Investments: other securities
beginning of year $281,983 · end of year $287,910
-
15 · Other assets
beginning of year $14,244 · end of year $16,757
-
17 · Accounts payable and accrued expenses
beginning of year $2,324 · end of year $12,136
-
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 $5,288,618 · end of year $5,474,208
Mission and programs · 2024
Mission
THE FUND PROVIDES DEATH, DENTAL, LONG-TERM DISABILITY, SCRIPTSAVE, HEART SCAN AND OPTICAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR COVERED DEPENDENTS.
Activities or mission (Part I)
TO PROVIDE DENTAL, OPTICAL, LONG-TERM DISABILITY AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS COVERED.
-
THE FUND PROVIDES DEATH, DENTAL, LONG-TERM DISABILITY, SCRIPTSAVE, HEART SCAN AND OPTICAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR COVERED DEPENDENTS.
As filed on the 2024 return.
Listed in Part VII
-
MATTHEW MATTASSA
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEPHEN BOORAS
UNION TRUSTEE
- Total calculated
- $319,105
- From this org
- $0
- From related orgs
- $277,818
- Other
- $41,287
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $277,818 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $19,270 related
- Nontaxable benefits
- $0 + $22,017 related
- Filer's total
- $0 + $319,105 related
-
THOMAS BAFFER
UNION TRUSTEE
- Total calculated
- $239,149
- From this org
- $0
- From related orgs
- $200,074
- Other
- $39,075
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $200,074 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $15,000 related
- Nontaxable benefits
- $0 + $24,075 related
- Filer's total
- $0 + $239,149 related
-
PAUL CAPPIALI
UNION TRUSTEE
- Total calculated
- $3,000
- From this org
- $0
- From related orgs
- $3,000
- Other
- $0
- Hours/week
- 1
-
SUSAN BLOHM
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN SAUL
EMPLOYER 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. 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.
-
LIQUOR SALESMEN'S UNION LOCAL 2 PENSION FUND
401(A) · TO PROVIDE RETIREMENT BENEFITS · NY
-
LIQUOR SALESMEN'S UNION LOCAL 2-D
501(C)(5) · LABOR UNION · NY
-
WINE & LIQUOR SALESEMEN OF NEW JERSEY 19D WELFARE FUND
501(C)(9) · TO PROVIDE HEALTH BENEFITS · 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.
-
EMPIRE MERCHANTS LLC
-
BRESCOME BARTON INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523079349301932
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