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← NORTHERN NEW JERSEY TEAMSTERS BENEFIT FUND

Form 990 for tax year 2022

Filed by NORTHERN NEW JERSEY TEAMSTERS BENEFIT FUND.

Totals

Total revenue
$31,797,428
Total expenses
$31,761,379
Contributions and grants received
$0
Grants paid
$132,700
Program service revenue
$32,902,523
Investment income
-$1,214,674
Other revenue
$109,579
Total assets, end of year
$46,397,600
Total liabilities, end of year
$3,364,366
Net assets or fund balances, end of year
$43,033,234
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: EMPLOYERS' CONTRIBUTIONS

    total $32,526,722 · related or exempt $32,526,722

  • 2b · Program service revenue: ADMINISTRATION FEES

    total $234,550 · related or exempt $234,550

  • 2c · Program service revenue: COBRA CONTRIBUTIONS

    total $141,251 · related or exempt $141,251

  • 3 · Investment income

    total $837,817 · excluded $837,817

  • 6a · Gross rents

    real property $71,076

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $71,076

  • 6d · Net rental income or loss

    total $71,076 · excluded $71,076

  • 7a · Gross sales of assets other than inventory

    securities $27,619,611

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

    securities $29,672,102

  • 7c · Gain or loss

    securities -$2,052,491

  • 7d · Net gain or loss

    total -$2,052,491 · excluded -$2,052,491

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $27,157 · related or exempt $27,157

  • 11b · Other revenue: EMPLOYERS' LATE CHARGES INTEREST

    total $11,346 · related or exempt $11,346

  • 11e · Other revenue, total

    $38,503

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $132,700

  • 4 · Benefits paid to or for members

    total $27,600,089

  • 5 · Compensation of officers, directors and key employees

    total $143,818

  • 7 · Other salaries and wages

    total $800,191

  • 8 · Pension plan contributions

    total $171,003

  • 9 · Other employee benefits

    total $431,498

  • 10 · Payroll taxes

    total $88,356

  • 11b · Fees: legal

    total $158,416

  • 11c · Fees: accounting

    total $128,111

  • 11f · Fees: investment management

    total $192,090

  • 11g · Fees: other

    total $1,296,893

  • 13 · Office expenses

    total $138,864

  • 14 · Information technology

    total $124,945

  • 19 · Conferences, conventions and meetings

    total $27,822

  • 22 · Depreciation, depletion and amortization

    total $111,690

  • 23 · Insurance

    total $72,675

  • 24a · Other expenses: REAL ESTATE TAXES

    total $52,189

  • 24b · Other expenses: BUILDING MAINTENANCE

    total $45,618

  • 24c · Other expenses: UTILITIES

    total $19,402

  • 24d · Other expenses: TELEPHONE

    total $14,898

  • 24e · All other expenses

    total $10,111

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $503,760 · end of year $346,704

  • 2 · Savings and temporary cash investments

    beginning of year $760,780 · end of year $294,283

  • 4 · Accounts receivable

    beginning of year $2,412,989 · end of year $2,313,704

  • 9 · Prepaid expenses and deferred charges

    beginning of year $99,144 · end of year $60,525

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

    $4,016,616

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

    $2,449,982

  • 10c · Land, buildings and equipment, net

    beginning of year $1,659,792 · end of year $1,566,634

  • 11 · Investments: publicly traded securities

    beginning of year $42,971,544 · end of year $40,930,108

  • 15 · Other assets

    beginning of year $848,127 · end of year $885,642

  • 17 · Accounts payable and accrued expenses

    beginning of year $222,972 · end of year $284,622

  • 25 · Other liabilities

    beginning of year $4,291,791 · end of year $3,079,744

  • 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 $44,741,373 · end of year $43,033,234

Mission and programs · 2022

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.

  • THE PLAN IS A FIXED BENEFIT WELFARE PLAN ADMINISTERED BY A JOINT BOARD OF TRUSTEES WHICH IS THE PLAN ADMINISTRATOR. THE PLAN PROVIDES BENEFITS COVERING LIFE INSURANCE, HOSPITALIZATION, MAJOR MEDICAL, OPTICAL, DENTAL & PRESCRIPTION DRUGS. EFFECTIVE 01-01-82, THE PLAN CREATED AN EDUCATIONAL FUND TO PROVIDE EDUCATIONAL PROGRAMS TO ASSIST MEMBERS & THEIR FAMILIES. EFFECTIVE 07-01-90, THE PLAN BECAME SELF INSURED WITH REGARD TO CERTAIN BENEFITS. THE PLAN COVERS APPROXIMATELY 1,692 MEMBERS.

As filed on the 2022 return.

Listed in Part VII

  • MARYANN TITTLE

    TRUSTEE

    Total calculated
    $193,642
    From this org
    $0
    From related orgs
    $105,705
    Other
    $87,937
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $105,705 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $57,517 related
    Nontaxable benefits
    $0 + $30,420 related
    Filer's total
    $0 + $193,642 related

  • RICHARD LAMANTIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RAYMOND FANNER

    TRUSTEE

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • MICHAEL CURCIO

    TRUSTEE

    Total calculated
    $201,427
    From this org
    $0
    From related orgs
    $126,156
    Other
    $75,271
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,156 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $62,047 related
    Nontaxable benefits
    $0 + $13,224 related
    Filer's total
    $0 + $201,427 related

  • SALVATRICE VERILLO

    FUND MANAGER

    Total calculated
    $193,278
    From this org
    $135,818
    From related orgs
    $2,772
    Other
    $54,688
    Hours/week
    34 + 1 related

    Schedule J breakdown matched by us

    Base
    $135,818 + $2,772 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $54,688 related
    Filer's total
    $135,818 + $57,460 related

  • ANITA CLARK

    TRUSTEE

    Total calculated
    $129,057
    From this org
    $0
    From related orgs
    $62,775
    Other
    $66,282
    Hours/week
    1

  • DAN BELMONTE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WALTER TAYLOR

    TRUSTEE

    Total calculated
    $150,271
    From this org
    $0
    From related orgs
    $98,792
    Other
    $51,479
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $95,192 related
    Bonus
    $0
    Other
    $0 + $3,600 related
    Deferred
    $0 + $29,052 related
    Nontaxable benefits
    $0 + $22,427 related
    Filer's total
    $0 + $150,271 related

  • MATTHEW JORDAN

    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. 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

  • 3 · Approval by the board or compensation committee

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.

  • IBT LOCAL UNION NO 11

    501(C)(5) · UNION ACTIVITIES · NJ

  • IBT LOCAL UNION NO 814

    501(C)(5) · UNION ACTIVITIES · NY

  • NORTHERN NJ TEAMSTERS BENEFIT PLAN DCF

    501(A) · PROVIDE PENSION BENEFITS TO OFFICE STAFF · NJ

  • TEAMSTERS LOCAL 11 PENSION FUND

    501(A) · PROVIDES PENSION BENEFITS TO MEMBERS · NJ

  • CEDAR LAWN CEMETERY

    VEBA EMPLOYER · NJ

  • CITY OF ENGLEWOOD INSPECTORS

    VEBA EMPLOYER · NJ

  • LOCAL 814 M&S IPF

    VEBA EMPLOYER · NJ

  • METUCHEN DPW

    VEBA EMPLOYER · NJ

  • MIDDLETOWN PARAPROFESSIONALS

    VEBA EMPLOYER · NJ

  • MIDDLETOWN TOWSHIP BOE

    VEBA EMPLOYER · NJ

  • MONROE BOARD OF EDUCATION

    VEBA EMPLOYER · NJ

  • MOUNT LEBANON CEMETERY

    VEBA EMPLOYER · NJ

  • NORTH BERGEN DPW

    VEBA EMPLOYER · NJ

  • PASSAIC COUNTY ROAD DEPARTMENT

    VEBA EMPLOYER · NJ

  • SECAUCUS DPW

    VEBA EMPLOYER · NJ

  • SECAUCUS MUNICIPAL UTILITIES AUTHORIT

    VEBA EMPLOYER · NJ

  • SOUTH HACKENSACK DPW

    VEBA EMPLOYER · NJ

  • TOWNSHIP OF ROXBURY DPW

    VEBA EMPLOYER · NJ

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CERTIFIED MOVING & STORAGE

    VEBA EMPLOYER · NY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AC CORONATO CORP

    VEBA EMPLOYER · NJ

  • AARUBCO CO

    VEBA EMPLOYER · NJ

  • ALLIED BUILDING PRODUCTS

    VEBA EMPLOYER · NJ

  • AMROD CORPORATION

    VEBA EMPLOYER · NJ

  • BDI

    VEBA EMPLOYER · NJ

  • BOGUE SYSTEMS INC

    VEBA EMPLOYER · NJ

  • BURGESS STEEL ERECTORS OF NEW YORK

    VEBA EMPLOYER · NJ

  • BUTLER PRINTING

    VEBA EMPLOYER · NJ

  • BUTLER PRINTING-NON BARGAINING

    VEBA EMPLOYER · NJ

  • C & S

    VEBA EMPLOYER · NY

  • CAPITAL MOVING AND STORAGE

    VEBA EMPLOYER · NJ

  • CENTRAL MOVING AND STORAGE

    VEBA EMPLOYER · NY

  • CHARTWELLS DIVCOMPASS-HOLMDEL SD

    VEBA EMPLOYER · NC

  • CHRISTIE'S

    VEBA EMPLOYER · NY

  • CLANCY CULLEN

    VEBA EMPLOYER · NY

  • COLLINS BROTHERS

    VEBA EMPLOYER · NY

  • COLORITE PLASTICS

    VEBA EMPLOYER · NJ

  • COORDINATED METALS

    VEBA EMPLOYER · NJ

  • CRANFORD PARK

    VEBA EMPLOYER · NJ

  • CROWN ROLL LEAF

    VEBA EMPLOYER · NJ

  • D & G TRUCKING CO AFD

    VEBA EMPLOYER · NY

  • DIFERRARO

    VEBA EMPLOYER · NJ

  • EAGLE TRANSFER CORP

    VEBA EMPLOYER · NY

  • EXECUTIVE TRIM LLC

    VEBA EMPLOYER · NY

  • FAIRWAY TRUCKING

    VEBA EMPLOYER · NJ

  • FIVE STAR GRPMG-FS DISTR

    VEBA EMPLOYER · SC

  • FOUNDATION BLDG MATERIALS

    VEBA EMPLOYER · CA

  • GENTEK BUILDING PRODUCTS

    VEBA EMPLOYER · NJ

  • GLOBE STORAGE AND MOVING

    VEBA EMPLOYER · NY

  • HUDSON HARBOUR

    VEBA EMPLOYER · NJ

  • HUDSON HOISTING LLC

    VEBA EMPLOYER · NJ

  • HUDSON RIVER MOVING & STORAGE

    VEBA EMPLOYER · NJ

  • HUDSON TROY-MGRS OFFICE

    VEBA EMPLOYER · NJ

  • KOHLER DISTRIBUTING

    VEBA EMPLOYER · NJ

  • LIBERTY INSTALLATIONS

    VEBA EMPLOYER · NJ

  • LOMMA ASSOC

    VEBA EMPLOYER · NJ

  • MEGA VAN & STORAGE

    VEBA EMPLOYER · NY

  • NATIONAL PACKAGING

    VEBA EMPLOYER · NJ

  • NESTLE COMPANY INCORPORATED

    VEBA EMPLOYER · NJ

  • NEW YORK RACING-VALET

    VEBA EMPLOYER · NY

  • NEWCO INC

    VEBA EMPLOYER · NJ

  • NYRA HORSE VAN TRANSPORT

    VEBA EMPLOYER · NY

  • NYRA- PARKING DEPARTMENT

    VEBA EMPLOYER · NY

  • OAKLAND HEALTH CARE

    VEBA EMPLOYER · NJ

  • O'BERK CO

    VEBA EMPLOYER · NJ

  • PARK HUDSON CONDOMINIUM ASSOC

    VEBA EMPLOYER · NJ

  • PERLEN STEEL CORP

    VEBA EMPLOYER · NJ

  • PORT ELIZABETH TERMINAL

    VEBA EMPLOYER · NJ

  • RIBON INDUSTRIES

    VEBA EMPLOYER · NY

  • RIVERVIEW REALTY COMPANY

    VEBA EMPLOYER · NJ

  • RYDER TRUCK RENTAL INC

    VEBA EMPLOYER · FL

  • SALEM LAFAYETTE URBAN RENEWAL

    VEBA EMPLOYER · NY

  • SIKA CHEMICAL CORPORATION

    VEBA EMPLOYER · NJ

  • SILVI CONCRETE CORPORATION

    VEBA EMPLOYER · PA

  • SIMS PUMP& VALVE

    VEBA EMPLOYER · NJ

  • SOTHEBY'S

    VEBA EMPLOYER · NY

  • SOUTHBRIDGE PARK INCTHE PLAZA

    VEBA EMPLOYER · NJ

  • STONEHENGE ASSOCIATES

    VEBA EMPLOYER · NY

  • SUMMIT IMPORT CORP

    VEBA EMPLOYER · NJ

  • SUPOR TRUCKING COMPANY

    VEBA EMPLOYER · NJ

  • TENSION ENVELOPES

    VEBA EMPLOYER · NJ

  • TRODAT USA INC

    VEBA EMPLOYER · NJ

  • UMC MOVING COMPANY

    VEBA EMPLOYER · NY

  • UNION PLAZA ASSOCIATES

    VEBA EMPLOYER · NJ

  • WINSTON TOWERS 300

    VEBA EMPLOYER · NJ

Provenance

Return type
form_990
Tax year
2022
Filed
25 January 2024
IRS schema version
2022v5.0
Source object
202440259349301404

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