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← Shopmen's Local 527 Benefit Fund

Form 990 for tax year 2022

Filed by Shopmen's Local 527 Benefit Fund.

Totals

Total revenue
$1,982,177
Total expenses
$2,662,135
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,003,916
Investment income
-$21,739
Other revenue
$0
Total assets, end of year
$2,246,587
Total liabilities, end of year
$13,705
Net assets or fund balances, end of year
$2,232,882
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 $1,712,693 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Participant Contributions

    total $291,223 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $42,977 · unrelated business $0 · excluded $42,977

  • 7a · Gross sales of assets other than inventory

    securities $680,000

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

    securities $744,716

  • 7c · Gain or loss

    securities -$64,716

  • 7d · Net gain or loss

    total -$64,716 · related or exempt $0 · unrelated business $0 · excluded -$64,716

  • 11a · Other revenue: OTHER INCOME

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,475,066 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $3,000 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $14,350 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $4,012 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $3,808 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $1,509 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $21,620 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $28,513 · program services $0 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $5,000 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $4,717 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $2,714 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $1,880 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $12,210 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $2,358 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Administrative Expenses

    total $44,395 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: Consulting Fees

    total $30,499 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: Miscellaneous

    total $1,084 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: Contract Administrator

    total $5,400 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,976 · end of year $76,331

  • 4 · Accounts receivable

    beginning of year $181,832 · end of year $166,987

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,208 · end of year $26,746

  • 11 · Investments: publicly traded securities

    beginning of year $2,869,737 · end of year $1,806,569

  • 15 · Other assets

    beginning of year $186,148 · end of year $169,954

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,631 · end of year $13,705

  • 29 · Capital stock, trust principal or current funds

    beginning of year $3,274,270 · end of year $2,232,882

Mission and programs · 2022

Mission

To Pay Benefits

  • Provide welfare and supplemental unemployment benefits to its members.

As filed on the 2022 return.

Listed in Part VII

  • Jack Ramage

    TRUSTEE

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • William Ligetti

    TRUSTEE

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Martin Marinack

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chadwick Rink

    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.

  • SHOPMENS LOCAL 527 PENSION FUND

    BENEFIT PLAN · PA

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.

  • MASON STRUCTURAL

    METAL FABRICATION · OH · 0% owned

Related corporations and trusts

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

  • ALLEN GAUGE & TOOL COMPANY

    C · MANUFACTURING · PA · 0% owned

  • EPIC METALS CORPORATION

    C · MANUFACTURING · PA · 0% owned

  • GROLL ORNAMENTAL IRON WORKS

    C · RAILING FABRICATION · PA · 0% owned

  • KINCAID MANUFACTURING COMPANY

    C · METAL FABRICATION · PA · 0% owned

  • MINNOTTE MANUFACTURING CORP

    S · MANUFACTURING · PA · 0% owned

  • LB FOSTER

    C · MANUFACTURING · PA · 0% owned

  • TRADITIONAL LOGISTICS

    C · MI · 0% owned

Provenance

Return type
form_990
Tax year
2022
Filed
30 March 2023
IRS schema version
2022v5.0
Source object
202301639349301005

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