Form 990 for tax year 2024
Filed by BOARD OF TRUSTEES SOUTH FLORIDA HOTEL & CULINARY EMPLOYEES WELFARE.
Totals
- Total revenue
- $34,731,815
- Total expenses
- $31,853,865
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $32,828,620
- Investment income
- $1,894,955
- Other revenue
- $8,240
- Total assets, end of year
- $34,928,322
- Total liabilities, end of year
- $3,181,641
- Net assets or fund balances, end of year
- $31,746,681
- Program services expenses (Part IX)
- $31,853,865
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $31,853,865
Program services were 100.0% 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 $32,805,045
-
2b · Program service revenue: Participant Contributions
total $23,575
-
3 · Investment income
total $1,165,212
-
7a · Gross sales of assets other than inventory
other assets $9,455,992
-
7b · Less cost or other basis and sales expenses
other assets $8,726,249
-
7c · Gain or loss
other assets $729,743
-
7d · Net gain or loss
total $729,743
-
11d · All other revenue
total $8,240
-
11e · Other revenue, total
$8,240
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $30,804,719 · program services $30,804,719
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $540,901 · program services $540,901
-
11b · Fees: legal
total $86,500 · program services $86,500
-
11c · Fees: accounting
total $48,081 · program services $48,081
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $154,119 · program services $154,119
-
11g · Fees: other
total $78,000 · program services $78,000
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $107,655 · program services $107,655
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,039 · program services $1,039
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $11,277 · program services $11,277
-
24a · Other expenses: PCORI Fees
total $13,556 · program services $13,556
-
24e · All other expenses
total $8,018 · program services $8,018
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $7,011,165 · end of year $4,892,857
-
4 · Accounts receivable
beginning of year $3,188,797 · end of year $3,283,947
-
11 · Investments: publicly traded securities
beginning of year $20,667,427 · end of year $26,751,518
-
17 · Accounts payable and accrued expenses
beginning of year $34,662 · end of year $41,641
-
25 · Other liabilities
beginning of year $7,120,000 · end of year $3,140,000
-
27 · Net assets without donor restrictions
beginning of year $23,712,727 · end of year $31,746,681
Mission and programs · 2024
Mission
The Fund is a multi-employer plan established for the purpose of providing health and welfare benefits to eligible participants and their dependents under the terms of various collective bargaining agreements.
Activities or mission (Part I)
The Funds purpose is to provide health and welfare benefits to eligible participants and their dependents under the terms of various collectively bargained agreements.
-
Medical and health benefits to eligible participants and their dependents
Expenses $31,853,865
As filed on the 2024 return.
Listed in Part VII
-
Wendi Walsh
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michael D'Angelo
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy Cruz
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
George Greene
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523169349305947
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