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← OPCMIA LOCAL 526 WELFARE FUND

Form 990 for tax year 2024

Filed by OPCMIA LOCAL 526 WELFARE FUND.

Totals

Total revenue
$6,870,837
Total expenses
$5,626,563
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,260,146
Investment income
$563,271
Other revenue
$47,420
Total assets, end of year
$18,477,305
Total liabilities, end of year
$16,507
Net assets or fund balances, end of year
$18,460,798
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.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $5,890,272 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $369,874 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $517,419 · unrelated business $0 · excluded $517,419

  • 7a · Gross sales of assets other than inventory

    securities $700,000

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

    securities $654,148

  • 7c · Gain or loss

    securities $45,852

  • 7d · Net gain or loss

    total $45,852 · related or exempt $0 · unrelated business $0 · excluded $45,852

  • 11a · Other revenue: RENTAL INCOME

    total $47,420 · related or exempt $47,420 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $47,420

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,143,126 · program services $0

  • 11b · Fees: legal

    total $10,771 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $27,250 · program services $0 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $11,133 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $65,503 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $3,769 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $40,195 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $21,580 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $8,483 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: ADMINISTRATION CHARGE

    total $294,753 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $187,261 · end of year $384,315

  • 2 · Savings and temporary cash investments

    beginning of year $1,955,924 · end of year $3,188,065

  • 4 · Accounts receivable

    beginning of year $915,240 · end of year $1,034,920

  • 9 · Prepaid expenses and deferred charges

    beginning of year $107,086 · end of year $108,758

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

    $490,315

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

    $79,335

  • 10c · Land, buildings and equipment, net

    beginning of year $432,560 · end of year $410,980

  • 11 · Investments: publicly traded securities

    beginning of year $8,434,502 · end of year $8,486,648

  • 12 · Investments: other securities

    beginning of year $4,690,443 · end of year $4,830,536

  • 15 · Other assets

    beginning of year $69,652 · end of year $33,083

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,081 · end of year $15,267

  • 25 · Other liabilities

    beginning of year $765 · end of year $1,240

  • 29 · Capital stock, trust principal or current funds

    beginning of year $16,775,822 · end of year $18,460,798

Mission and programs · 2024

Mission

HEALTH PLAN

  • TO PROVIDE HEALTH INSURANCE AND DISABILITY BENEFITS TO MEMBERS.

As filed on the 2024 return.

Listed in Part VII

  • CAMERON RUPERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN SWENGLISH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT CZERNIEWSKI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEN HARMON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID SCIULLO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHARLES FISCHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DINO FOLINO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JON O'BRIEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AUGUST DIDIANO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FRED EPISCOPO

    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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 January 2026
IRS schema version
2024v5.2
Source object
202640229349300524

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