Totals
- Total revenue
- $37,396,300
- Total expenses
- $38,456,424
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $37,091,029
- Investment income
- $305,271
- Other revenue
- $0
- Total assets, end of year
- $23,491,507
- Total liabilities, end of year
- $7,921,052
- Net assets or fund balances, end of year
- $15,570,455
- Program services expenses (Part IX)
- $37,617,300
- Management and general expenses
- $839,124
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $37,617,300
Program services were 97.8% 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 $33,571,779 · related or exempt $33,571,779
-
2b · Program service revenue: PRESCRIPTION REBATES
total $2,518,861 · related or exempt $2,518,861
-
2c · Program service revenue: RETIREE CONTRIBUTIONS
total $723,449 · related or exempt $723,449
-
2d · Program service revenue: STOP LOSS REIMBURSEMEN
total $232,103 · related or exempt $232,103
-
2e · Program service revenue: CONTRACTOR LATE FEES
total $44,837 · related or exempt $44,837
-
3 · Investment income
total $305,271 · related or exempt $305,271
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $37,617,300 · program services $37,617,300
-
11a · Fees: management
total $688,885 · management and general $688,885
-
11b · Fees: legal
total $38,256 · management and general $38,256
-
11c · Fees: accounting
total $37,237 · management and general $37,237
-
11f · Fees: investment management
total $30,091 · management and general $30,091
-
11g · Fees: other
total $20,271 · management and general $20,271
-
13 · Office expenses
total $7,767 · management and general $7,767
-
23 · Insurance
total $1,650 · management and general $1,650
-
24a · Other expenses: PCORI FEES
total $14,967 · management and general $14,967
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $707,532 · end of year $1,578,884
-
4 · Accounts receivable
beginning of year $6,878,315 · end of year $5,035,328
-
12 · Investments: other securities
beginning of year $16,049,214 · end of year $15,821,393
-
15 · Other assets
beginning of year $798,869 · end of year $1,055,902
-
17 · Accounts payable and accrued expenses
beginning of year $1,690,539 · end of year $1,745,052
-
25 · Other liabilities
beginning of year $6,080,000 · end of year $6,176,000
-
29 · Capital stock, trust principal or current funds
beginning of year $16,663,391 · end of year $15,570,455
-
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 $0 · end of year $0
Mission and programs · 2023
Mission
PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS
-
PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS
Expenses $37,617,300 · Revenue $37,396,300
As filed on the 2023 return.
Listed in Part VII
-
Roy FosterROY FOSTER
TRUSTEE
- Total calculated
- $388,263
- From this org
- $0
- From related orgs
- $244,460
- Other
- $143,803
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $195,569 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $130,084 related
- Nontaxable benefits
- $0 + $13,719 related
- Filer's total
- $0 + $339,372 related
-
Steven DimatteoSTEVEN DIMATTEO
TRUSTEE
- Total calculated
- $319,589
- From this org
- $0
- From related orgs
- $195,569
- Other
- $124,020
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $195,569 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $104,061 related
- Nontaxable benefits
- $0 + $19,959 related
- Filer's total
- $0 + $319,589 related
-
Jeffery HoudeJEFFERY HOUDE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph Knecht JrJOSEPH KNECHT JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas J PetersonTHOMAS J PETERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Daniel CosnerDANIEL COSNER
TRUSTEE
- Total calculated
- $446,839
- From this org
- $0
- From related orgs
- $281,129
- Other
- $165,710
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $281,129 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $149,591 related
- Nontaxable benefits
- $0 + $16,119 related
- Filer's total
- $0 + $446,839 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.
-
501(C)(5) · LABOR UNION · NJ
-
SOUTH JERSEY ELECTRICAL WORKERS TDB FUND
501(C)(9) · TO PROVIDE TEMPORARY DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS · NJ
-
IBEW LOCAL 351 SURETY PLAN
401(A) · TO PROVIDE ANNUITY BENEFITS · NJ
-
IBEW LOCAL 351 PENSION PLAN
401(A) · TO PROVIDE PENSION BENEFITS · NJ
-
IBEW LOCAL 351 WELFARE SUPPLEMENTAL PLAN
501(C)(9) · TO PROVIDE WELFARE BENEFITS · NJ
-
501(C)(3) · TO PROVIDE TRAINING TO ITS MEMBERSHIP
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443199349311804
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