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← HEAVY AND GENERAL CONSTRUCTION LABORERS UNION L172 SEVERANCE FUND

Form 990 for tax year 2022

Filed by HEAVY AND GENERAL CONSTRUCTION LABORERS UNION L172 SEVERANCE FUND.

Totals

Total revenue
$35,861
Total expenses
$80,000
Contributions and grants received
$81,531
Grants paid
$0
Program service revenue
$0
Investment income
-$45,670
Other revenue
$0
Total assets, end of year
$1,324,861
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,324,861
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1d · Related organizations

    $81,531

  • 3 · Investment income

    total $33,309 · excluded $33,309

  • 7a · Gross sales of assets other than inventory

    securities $1,086,939

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

    securities $1,165,918

  • 7c · Gain or loss

    securities -$78,979

  • 7d · Net gain or loss

    total -$78,979 · related or exempt -$78,979

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $80,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $312,245 · end of year $120,431

  • 11 · Investments: publicly traded securities

    beginning of year $1,124,832 · end of year $1,201,894

  • 15 · Other assets

    beginning of year $6,326 · end of year $2,536

  • 27 · Net assets without donor restrictions

    beginning of year $1,443,403 · end of year $1,324,861

Mission and programs · 2022

Mission

SECURITY FOR SEVERED EMPLOYEES THE PURPOSE OF THE SEVERANCE FUND IS TO PROVIDE CERTAIN FINANCIAL SECURITY FOR EMPLOYEES OF THE UNION WHOSE EMPLOYMENT WITH THE UNION HAS BEEN SEVERED OR TERMINATED.

  • THE PURPOSE OF THE SEVERANCE FUND IS TO PROVIDE FINANCIAL SECURITY FOR EMPLOYEES OF THE UNION WHOSE EMPLOYMENT WITH THE UNION HAS BEEN SEVERED OR TERMINATED.

As filed on the 2022 return.

Listed in Part VII

  • Anthony Capaccio

    CHAIRMAN

    Total calculated
    $462,409
    From this org
    $0
    From related orgs
    $305,097
    Other
    $157,312
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $305,097 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $93,930 related
    Nontaxable benefits
    not reported + $63,382 related
    Filer's total
    not reported + $462,409 related

  • Brendan Rosenberg

    VICE CHAIR

    Total calculated
    $392,744
    From this org
    $0
    From related orgs
    $236,032
    Other
    $156,712
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $236,032 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $93,330 related
    Nontaxable benefits
    not reported + $63,382 related
    Filer's total
    not reported + $392,744 related

  • Alfonso Guarraggi

    TRUSTEE

    Total calculated
    $391,591
    From this org
    $0
    From related orgs
    $234,467
    Other
    $157,124
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $234,467 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $93,930 related
    Nontaxable benefits
    not reported + $63,194 related
    Filer's total
    not reported + $391,591 related

  • Herbert Jaudon

    TRUSTEE

    Total calculated
    $391,447
    From this org
    $0
    From related orgs
    $234,135
    Other
    $157,312
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $234,135 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $93,930 related
    Nontaxable benefits
    not reported + $63,382 related
    Filer's total
    not reported + $391,447 related

  • William Coffin Jr

    TRUSTEE

    Total calculated
    $389,046
    From this org
    $0
    From related orgs
    $232,334
    Other
    $156,712
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $232,334 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $93,330 related
    Nontaxable benefits
    not reported + $63,382 related
    Filer's total
    not reported + $389,046 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
2022
Filed
13 October 2023
IRS schema version
2022v5.0
Source object
202312989349300631

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