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← RHODE ISLAND LABORERS HEALTH AND WELFARE FUND

Form 990 for tax year 2023

Filed by RHODE ISLAND LABORERS HEALTH AND WELFARE FUND.

Totals

Total revenue
$35,138,719
Total expenses
$36,527,151
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$34,900,631
Investment income
$170,346
Other revenue
$67,742
Total assets, end of year
$84,901,152
Total liabilities, end of year
$854,906
Net assets or fund balances, end of year
$84,046,246
Program services expenses (Part IX)
$35,876,884
Management and general expenses
$650,267
Fundraising expenses
$0
Program service expenses (Part III)
$35,876,884

Program services were 98.2% 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 $34,818,549 · related or exempt $34,818,549

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $82,082 · related or exempt $82,082

  • 3 · Investment income

    total $170,346 · related or exempt $170,346

  • 11a · Other revenue: LATE FEES

    total $66,834 · related or exempt $66,834

  • 11b · Other revenue: MISCELLANEOUS

    total $908 · related or exempt $908

  • 11e · Other revenue, total

    $67,742

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $35,862,703 · program services $35,862,703

  • 11b · Fees: legal

    total $28,000 · management and general $28,000

  • 11c · Fees: accounting

    total $40,500 · management and general $40,500

  • 11f · Fees: investment management

    total $48,902 · management and general $48,902

  • 11g · Fees: other

    total $508,532 · management and general $508,532

  • 13 · Office expenses

    total $4,046 · management and general $4,046

  • 23 · Insurance

    total $17,174 · management and general $17,174

  • 24a · Other expenses: PLAN EXCISE TAX

    total $14,181 · program services $14,181

  • 24b · Other expenses: BANK CHARGES

    total $1,732 · management and general $1,732

  • 24c · Other expenses: DUES

    total $1,381 · management and general $1,381

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,997,126 · end of year $10,395,344

  • 4 · Accounts receivable

    beginning of year $5,140,591 · end of year $5,279,591

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,294 · end of year $28,387

  • 12 · Investments: other securities

    beginning of year $63,915,856 · end of year $68,781,430

  • 15 · Other assets

    beginning of year $416,400 · end of year $416,400

  • 17 · Accounts payable and accrued expenses

    beginning of year $926,662 · end of year $854,906

  • 31 · Retained earnings, endowment or other funds

    beginning of year $77,578,605 · end of year $84,046,246

Mission and programs · 2023

Mission

TO PROVIDE HEALTH, DENTAL, LIFE AND DISABILITY COVERAGE TO QUALIFIED PARTICIPANTS.

  • PROVIDE ELIGIBLE PARTICIPANTS WITH MEDICAL, DENTAL AND LIFE AND DISABILITY COVERAGE.

    Expenses $35,876,884

As filed on the 2023 return.

Listed in Part VII

  • Michael F Sabitoni

    TRUSTEE

    Total calculated
    $0

  • Michael D'Ambra

    TRUSTEE

    Total calculated
    $0

  • Donato Bianco

    TRUSTEE

    Total calculated
    $0

  • Armand Lusi

    TRUSTEE

    Total calculated
    $0

  • Raymond Coia

    TRUSTEE

    Total calculated
    $0

  • Joseph Vitullo

    TRUSTEE

    Total calculated
    $0

  • Leo K Marshall

    TRUSTEE

    Total calculated
    $0

  • Michael Gammino

    TRUSTEE

    Total calculated
    $0

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.

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.0
Source object
202443179349306644

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