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← DIVISION 1181 ATU - NEW YORK EMPLOYEES WELFARE FUND AND PLAN

Form 990 for tax year 2023

Filed by DIVISION 1181 ATU - NEW YORK EMPLOYEES WELFARE FUND AND PLAN.

Totals

Total revenue
$131,178,259
Total expenses
$109,247,941
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$126,169,187
Investment income
$3,522,626
Other revenue
$1,486,446
Total assets, end of year
$120,001,891
Total liabilities, end of year
$2,083,008
Net assets or fund balances, end of year
$117,918,883
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 $114,391,680 · related or exempt $114,391,680

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $11,735,620 · related or exempt $11,735,620

  • 2c · Program service revenue: COBRA

    total $41,887 · related or exempt $41,887

  • 3 · Investment income

    total $3,522,626 · excluded $3,522,626

  • 11a · Other revenue: REIMBURSEMENTS FOR SHARED SERVICE

    total $1,401,760 · related or exempt $1,401,760

  • 11b · Other revenue: OTHER INCOME

    total $84,686 · related or exempt $84,686

  • 11e · Other revenue, total

    $1,486,446

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $105,077,813

  • 5 · Compensation of officers, directors and key employees

    total $397,118

  • 7 · Other salaries and wages

    total $1,703,987

  • 8 · Pension plan contributions

    total $84,140

  • 9 · Other employee benefits

    total $472,841

  • 10 · Payroll taxes

    total $170,265

  • 11b · Fees: legal

    total $244,289

  • 11c · Fees: accounting

    total $273,800

  • 11f · Fees: investment management

    total $4,992

  • 11g · Fees: other

    total $55,500

  • 13 · Office expenses

    total $272,374

  • 14 · Information technology

    total $77,131

  • 16 · Occupancy

    total $265,870

  • 22 · Depreciation, depletion and amortization

    total $24,047

  • 23 · Insurance

    total $84,693

  • 24a · Other expenses: PCORI FEES

    total $39,081

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $326,427 · end of year $2,019,481

  • 2 · Savings and temporary cash investments

    beginning of year $41,040,320 · end of year $13,228,172

  • 4 · Accounts receivable

    beginning of year $3,069,098 · end of year $3,915,442

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,305 · end of year $46,181

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

    $441,998

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

    $168,321

  • 10c · Land, buildings and equipment, net

    beginning of year $56,537 · end of year $273,677

  • 11 · Investments: publicly traded securities

    beginning of year $48,599,833 · end of year $99,092,283

  • 15 · Other assets

    beginning of year $1,641,797 · end of year $1,426,655

  • 17 · Accounts payable and accrued expenses

    beginning of year $714,760 · end of year $701,553

  • 25 · Other liabilities

    beginning of year $1,595,510 · end of year $1,381,455

  • 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 $92,469,047 · end of year $117,918,883

Mission and programs · 2023

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE LIFE, ACCIDENT, DISABILITY, HOSPITALIZATION, MAJOR MEDICAL, DENTAL,PRESCRIPTION DRUG AND OPTICAL BENEFITS TO ELIGIBLE PARTICIPANTSAND THEIR DEPENDENTS.

Activities or mission (Part I)

TO PROVIDE FUND'S PARTICIPANTS WITH HEALTH & WELFARE BENEFITS.

  • THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS. THE NUMBER OF PARTICIPANTS WAS APPROXIMATELY 9,506.

As filed on the 2023 return.

Listed in Part VII

  • Michael Cordiello

    UNION TRUSTEE - CHAIRMAN

    Total calculated
    $48,000
    From this org
    $0
    From related orgs
    $48,000
    Other
    $0
    Hours/week
    3

  • Neil Strahl

    EMPLOYER TRUSTEE-SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Jean-Claude Calixte

    UNION TRUSTEE

    Total calculated
    $222,462
    From this org
    $0
    From related orgs
    $200,851
    Other
    $21,611
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $0 + $200,851 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,611 related
    Filer's total
    $0 + $222,462 related

  • James P Hedge

    ALT. UNION TRUSTEE

    Total calculated
    $39,178
    From this org
    $17,567
    From related orgs
    $0
    Other
    $21,611
    Hours/week
    2

  • Neil Mancuso

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Corey Muirhead

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Stanley Brettschneider

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tomas Fret Jr

    UNION TRUSTEE

    Total calculated
    $279,831
    From this org
    $0
    From related orgs
    $258,220
    Other
    $21,611
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $0 + $258,220 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,611 related
    Filer's total
    $0 + $279,831 related

  • Anthony Cordiello

    UNION TRUSTEE

    Total calculated
    $212,883
    From this org
    $0
    From related orgs
    $191,272
    Other
    $21,611
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $191,272 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,611 related
    Filer's total
    $0 + $212,883 related

  • Robert D'Ulisse

    FUND DIRECTOR

    Total calculated
    $232,699
    From this org
    $211,088
    From related orgs
    $0
    Other
    $21,611
    Hours/week
    33

    Schedule J breakdown matched by us

    Base
    $211,088
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,611
    Filer's total
    $232,699

  • Vincent Zito

    CONTROLLER

    Total calculated
    $190,074
    From this org
    $168,463
    From related orgs
    $0
    Other
    $21,611
    Hours/week
    27

    Schedule J breakdown matched by us

    Base
    $168,463
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,611
    Filer's total
    $190,074

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.

  • DIVISION 1181 AMALGAMATED TRANSIT UNION NEW YORK EMPLOYEES PENSION FUND

    401A · TO PROVIDE PENSION BENEFITS TO PARTICIPANTS · NY

  • AMALGAMATED TRANSIT UNION LOCAL 1181-1061

    501(C)(5) · TO REPRESENT MEMBERS IN LABOR RELATED ISSUES, CONTRACT NEGOTIATIONS · NY

  • DIVISION 1181 AMALGAMATED TRANSIT FEDERAL CREDIT UNION

    CREDIT UNION · NY

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.

  • ALL AMERICAN

  • ANJ SERVICES INC

  • B-ALERT

  • BAY PARKWAY MAINTENANCE

  • BOBBY'S TRANS

  • BORO TRANSIT

  • CEREBRAL PALSY TRANSPORTATION (UCP)

  • GRANDPAS BUS

  • HOYT TRANSPORTATION

  • IC ESCORTS

  • LOGAN TRANSPORTATION

  • LORISSA BUS

  • PIONEER SCHOOL BUS RENTALINC

  • PIONEER TRANSPORTATION

  • SNT BUS INC

  • IC BUS INC

  • ATU-LOCAL 1181

  • DIVISION 1181 NY PENSION FUND

  • DIVISION 1181 NY WELFARE FUND

  • DIVISION 1181 ATU FCU

  • NYC SCHOOL BUS

  • WE TRANSPORT INC

  • PIONEER TRANS OFFICE

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349320762

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