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Nonprofiteer
← I B E W LOCAL 237 WELFARE FUND

Form 990 for tax year 2022

Filed by I B E W LOCAL 237 WELFARE FUND.

Totals

Total revenue
$5,470,983
Total expenses
$4,554,078
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,242,008
Investment income
$175,392
Other revenue
$53,583
Total assets, end of year
$9,808,872
Total liabilities, end of year
$84,115
Net assets or fund balances, end of year
$9,724,757
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$4,554,078

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 $5,111,512 · related or exempt $5,111,512

  • 2b · Program service revenue: PARTCIPANT CONTRIBUTIO

    total $130,496 · related or exempt $130,496

  • 3 · Investment income

    total $174,402 · related or exempt $174,402

  • 7a · Gross sales of assets other than inventory

    securities $990

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

    securities $0

  • 7c · Gain or loss

    securities $990

  • 7d · Net gain or loss

    total $990 · related or exempt $990

  • 11a · Other revenue: REIMBURSEMENT FROM AFF

    total $51,679 · related or exempt $51,679

  • 11b · Other revenue: MISCELLANEOUS

    total $1,904 · related or exempt $1,904

  • 11e · Other revenue, total

    $53,583

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $4,103,501

  • 6 · Compensation of disqualified persons

    total $88,504

  • 9 · Other employee benefits

    total $13,072

  • 10 · Payroll taxes

    total $199,736

  • 11b · Fees: legal

    total $22,656

  • 11c · Fees: accounting

    total $33,870

  • 11f · Fees: investment management

    total $21,700

  • 11g · Fees: other

    total $19,471

  • 13 · Office expenses

    total $11,949

  • 16 · Occupancy

    total $20,298

  • 17 · Travel

    total $1,702

  • 23 · Insurance

    total $8,549

  • 24a · Other expenses: BANK CHARGES

    total $8,125

  • 24b · Other expenses: EXCISE TAX

    total $798

  • 24c · Other expenses: MISCELLANEOUS

    total $147

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,756 · end of year $398,078

  • 2 · Savings and temporary cash investments

    beginning of year $1,419,154 · end of year $1,547,576

  • 4 · Accounts receivable

    beginning of year $484,797 · end of year $663,080

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

    $51,025

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $51,025 · end of year $51,025

  • 11 · Investments: publicly traded securities

    beginning of year $8,254,708 · end of year $7,149,113

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,858 · end of year $31,076

  • 25 · Other liabilities

    beginning of year $196,996 · end of year $53,039

  • 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 $10,088,586 · end of year $9,724,757

Mission and programs · 2022

Mission

TO PROVIDE MEMBERS WITH MEDICAL AND WELFARE BENEFITS

  • THE FUND PROVIDES BENEFITS TO ITS MEMBERS, INCLUDING HOSPITALIZATION, MAJOR MEDICAL, PRESCRIPTION DRUG, HEALTH AND LIFE INSURANCE, DENTAL AND VISION CARE, VACATION, UNEMPLOYMENT SUB-PAY, DISABILITY SUB-PAY, WORKERS COMPENSATION SUB-PAY, EDUCATION, AND REIMBURSEMENT OF QUALIFYING MEDICAL EXPENSES.

    Expenses $4,554,078

As filed on the 2022 return.

Listed in Part VII

  • Fred Demais

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Donald Freedman

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Renee Lamonaco

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • John Scherrer

    UNION TRUSTEE

    Total calculated
    $3,244
    From this org
    $3,244
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 2 related

  • Michael Prosser

    UNION TRUSTEE

    Total calculated
    $19,606
    From this org
    $19,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 2 related

  • Richard Lombard

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Cody Samol

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ashley A Stogner

    ASSISTANT FUND ADMINISTRATOR

    Total calculated
    $16,320
    From this org
    $16,320
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Angela Stanisz

    FUND ADMINISTRATOR

    Total calculated
    $1,259
    From this org
    $1,259
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202303149349302005

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