Form 990 for tax year 2023
Filed by SEAFARERS HEALTH AND BENEFITS PLAN.
Totals
- Total revenue
- $135,819,228
- Total expenses
- $100,555,001
- Contributions and grants received
- $0
- Grants paid
- $112,500
- Program service revenue
- $128,562,951
- Investment income
- $4,262,642
- Other revenue
- $2,993,635
- Total assets, end of year
- $424,202,761
- Total liabilities, end of year
- $4,065,867
- Net assets or fund balances, end of year
- $420,136,894
- 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 $128,145,151 · related or exempt $128,145,151
-
2b · Program service revenue: PENSIONER CONTRIBUTIONS
total $417,800 · related or exempt $417,800
-
3 · Investment income
total $9,332,150 · excluded $9,332,150
-
7a · Gross sales of assets other than inventory
securities $270,057,840
-
7b · Less cost or other basis and sales expenses
securities $275,127,348
-
7c · Gain or loss
securities -$5,069,508
-
7d · Net gain or loss
total -$5,069,508 · excluded -$5,069,508
-
11a · Other revenue: OTHER INCOME
total $2,539,933 · excluded $2,539,933
-
11b · Other revenue: MEDICARE PART D REBATES
total $453,702 · related or exempt $453,702
-
11e · Other revenue, total
$2,993,635
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $112,500
-
4 · Benefits paid to or for members
total $84,875,023
-
7 · Other salaries and wages
total $1,477,602
-
8 · Pension plan contributions
total $509,399
-
9 · Other employee benefits
total $585,881
-
10 · Payroll taxes
total $119,871
-
11c · Fees: accounting
total $148,536
-
11f · Fees: investment management
total $943,866
-
11g · Fees: other
total $3,869,263
-
13 · Office expenses
total $161,717
-
14 · Information technology
total $111,376
-
16 · Occupancy
total $251,519
-
19 · Conferences, conventions and meetings
total $57,306
-
22 · Depreciation, depletion and amortization
total $46,432
-
23 · Insurance
total $358,080
-
24a · Other expenses: ADMINISTRATIVE CHARGE-S
total $3,563,594
-
24b · Other expenses: SHARED SERVICES
total $3,008,734
-
24c · Other expenses: PROVISION FOR DOUBTFUL
total $166,690
-
24d · Other expenses: LICENSES AND PERMITS
total $122,594
-
24e · All other expenses
total $65,018
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,601,415 · end of year $6,549,549
-
2 · Savings and temporary cash investments
beginning of year $1,500,104 · end of year $1,501,305
-
4 · Accounts receivable
beginning of year $15,919,739 · end of year $14,572,908
-
9 · Prepaid expenses and deferred charges
beginning of year $288,208 · end of year $127,720
-
10a · Land, buildings and equipment: cost or other basis
$3,427,013
-
10b · Land, buildings and equipment: accumulated depreciation
$3,117,905
-
10c · Land, buildings and equipment, net
beginning of year $337,768 · end of year $309,108
-
11 · Investments: publicly traded securities
beginning of year $328,834,788 · end of year $401,142,171
-
17 · Accounts payable and accrued expenses
beginning of year $3,300,666 · end of year $3,230,994
-
25 · Other liabilities
beginning of year $740,170 · end of year $834,873
-
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 $353,441,186 · end of year $420,136,894
Mission and programs · 2023
Mission
NONE
Activities or mission (Part I)
TO PAY HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.
-
THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO 7,473 UNION MEMBERS AND THEIR DEPENDENTS; AS WELL AS PROVIDING SIMILAR BENEFITS TO 1,372 RETIRED UNION MEMBERS AND THEIR DEPENDENTS.
-
UNDER THE FUND'S MEDICAL EXAMINATION PROGRAM THE FUND PROVIDES FOR PHYSICAL EXAMINATIONS AND DRUG SCREENING TESTS NECESSARY TO ENABLE THE 7,473 UNION MEMBERS TO WORK IN COVERED EMPLOYMENT.
-
THE FUND PROVIDES OTHER ANCILLARY BENEFITS INCLUDING RECREATIONAL BENEFITS AT 21 LOCATIONS THROUGHOUT THE UNITED STATES AND US TERRITORIES AND SCHOLARSHIP BENEFITS TO DEPENDENTS OF THE UNION MEMBERS.
As filed on the 2023 return.
Listed in Part VII
-
Anthony ChiarelloANTHONY CHIARELLO
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anthony NaccaratoANTHONY NACCARATO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
B PowellB POWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Damon MoteDAMON MOTE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David HeindelDAVID HEINDEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dean CorgeyDEAN CORGEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
E YoungE YOUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ed MorganED MORGAN
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Edward HanleyEDWARD HANLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
George TrickerGEORGE TRICKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ira DouglasIRA DOUGLAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
J BaseliceJ BASELICE
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
J WasselJ WASSEL
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jack SullivanJACK SULLIVAN
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joe VincenzoJOE VINCENZO
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph SoresiJOSEPH SORESI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
K BancroftK BANCROFT
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lee EglandLEE EGLAND
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mario TorreyMARIO TORREY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nicholas MarroneNICHOLAS MARRONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Philip FisherPHILIP FISHER
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott WinfieldSCOTT WINFIELD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas OrzechowskiTHOMAS ORZECHOWSKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Todd JohnsonTODD JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
W AspW ASP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
T BrdakT BRDAK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
H GalbisoH GALBISO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
D HarrisD HARRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
J NidayJ NIDAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Margaret BowenMARGARET BOWEN
ADMINISTRATOR
- Total calculated
- $0
- Hours/week
- 8
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.
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.
-
33-00 PARTNERS LLC
-
ALASKA TANKER COMPANY
-
AMERICAN SERVICE TECH
-
ARGENT MARINE OPERATIONS INC
-
ARMSTRONG STEAMSHIP COMPANY
-
ASSOC OF MD PILOTS
-
CETACEAN MARINE SERVICES
-
CHESAPEAKE CREWING LLC
-
COVANTA SUSTAINABLE SOLUTIONS
-
CRESCENT TOWING & SALVAGE
-
CROWLEY LINER SERVICES
-
CROWLEY TOWING & TRANSPORTATION
-
E N BISSO & SON
-
ECO-TANKERS CREW MGT LLC
-
EXPRESS MARINE
-
FOSS MARITIME - DELTA MARINER
-
G & H TOWING
-
GFC CRANE CONSULTANTS
-
GREAT LAKES DREDGE & DOCK
-
GREAT LAKES TOWING
-
HORIZON LINES LLC
-
INLAND LAKES MANAGEMENT
-
INTREPID PERSONNEL & PROVISIONING
-
KEY LAKES II INC
-
KEY LAKES IV INC
-
KEY MARINE LLC
-
KEYSTONE SHIPPING SERVICES
-
LIBERTY MARITIME CORP
-
MAERSK LINE LTD
-
MAERSK LINE LTD (M-SHIPS)
-
MATSON NAVIGATION OF ALASKA
-
NCL AMERICA INC
-
NEW YORK NEW JERSEY RAIL LLC
-
NORTH STAR SHIPPING CO
-
OCEAN DUCHESS INC
-
OCEAN SHIPHOLDINGS INC
-
OFFSHORE AVIATION LLC
-
OSG SHIP MANAGEMENT
-
OVERSEAS SHIP MANAGEMENT INC
-
PACIFIC GULF MARINE
-
PASHA
-
PATRIOT CONTRACT SERVICES LLC
-
PENN MARITIME
-
PHOENIX CREW MANAGEMENT LLC
-
PORT CITY MARINE SERVICES
-
PRISM MARINE LLC
-
SEABULK TANKER INC
-
SEABULK TOWING SERVICES INC
-
SEALIFT INC
-
SUNRISE OPERATIONS
-
TOTE SERVICES INC
-
SUBCOM (TYCO)
-
USMMI
-
USS TRANSPORT LLC
-
WATERMAN STEAMSHIP
-
WATCO TRANSLOADING LLC
-
AMERICAN STEAMSHIP COMPANY
-
APL MARINE SERVICES LTD
-
BRUSCO TUG & BARGE
-
MATSON NAVIGATION CO
-
MARINE PERSONNEL & PROVISIONING
-
WATERMAN TRANSPORT INC (CGL)
-
KEYSTONE OCEAN SERVICES
-
KEYSTONE INLAND SHIPPING
-
STARLIGHT MARINE SERVICES
-
FIRST COAST TERMINALS LLC
-
HAINA PATRIOT LLC
-
KEY LAKES INC
-
K-SHIP 3 LLC
-
US MARINE MANAGEMENT
-
AMNAV MARITIME
-
ECO-ENERGY DISTRIBUTION-PHILADELPHIA LLC
-
PATRIOT SHIPPING LLC
-
SEABULK CREW MANAGEMENT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433199349312318
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