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← LOCAL 1205 WELFARE PLAN

Form 990 for tax year 2024

Filed by LOCAL 1205 WELFARE PLAN.

Totals

Total revenue
$19,208,847
Total expenses
$21,699,679
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$18,237,221
Investment income
$969,427
Other revenue
$2,199
Total assets, end of year
$38,685,054
Total liabilities, end of year
$5,263,229
Net assets or fund balances, end of year
$33,421,825
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 $17,901,669 · related or exempt $17,901,669

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $298,213 · related or exempt $298,213

  • 2c · Program service revenue: COBRA CONTRIBUTIONS

    total $37,339 · related or exempt $37,339

  • 3 · Investment income

    total $795,987 · excluded $795,987

  • 7a · Gross sales of assets other than inventory

    securities $5,603,749

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

    securities $5,430,309

  • 7c · Gain or loss

    securities $173,440

  • 7d · Net gain or loss

    total $173,440 · related or exempt $173,440

  • 11a · Other revenue: OTHER INCOME

    total $2,199 · related or exempt $2,199

  • 11e · Other revenue, total

    $2,199

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $20,897,053

  • 7 · Other salaries and wages

    total $247,443

  • 8 · Pension plan contributions

    total $34,093

  • 9 · Other employee benefits

    total $61,184

  • 10 · Payroll taxes

    total $20,264

  • 11b · Fees: legal

    total $61,200

  • 11c · Fees: accounting

    total $38,050

  • 11f · Fees: investment management

    total $43,469

  • 11g · Fees: other

    total $57,736

  • 13 · Office expenses

    total $71,053

  • 14 · Information technology

    total $82,934

  • 16 · Occupancy

    total $53,625

  • 19 · Conferences, conventions and meetings

    total $759

  • 22 · Depreciation, depletion and amortization

    total $4,510

  • 23 · Insurance

    total $26,306

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $521,115 · end of year $166,856

  • 2 · Savings and temporary cash investments

    beginning of year $1,402,479 · end of year $483,237

  • 4 · Accounts receivable

    beginning of year $1,937,600 · end of year $1,748,622

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,343 · end of year $20,188

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

    $170,756

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

    $136,889

  • 10c · Land, buildings and equipment, net

    beginning of year $29,178 · end of year $33,867

  • 11 · Investments: publicly traded securities

    beginning of year $12,663,940 · end of year $13,550,172

  • 12 · Investments: other securities

    beginning of year $21,037,887 · end of year $22,682,112

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,589 · end of year $52,017

  • 25 · Other liabilities

    beginning of year $4,835,395 · end of year $5,211,212

  • 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 $32,723,558 · end of year $33,421,825

Mission and programs · 2024

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

  • TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

As filed on the 2024 return.

Listed in Part VII

  • Daniel Decrotie - Past

    TRUSTEE

    Total calculated
    $142,717
    From this org
    $0
    From related orgs
    $110,083
    Other
    $32,634
    Hours/week
    2 + 38 related

  • Thomas Carberry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Nelson Nunez

    TRUSTEE

    Total calculated
    $144,403
    From this org
    $0
    From related orgs
    $111,769
    Other
    $32,634
    Hours/week
    2 + 38 related

  • Venus Temple

    FUND ADMINISTRATOR

    Total calculated
    $144,914
    From this org
    $0
    From related orgs
    $116,361
    Other
    $28,553
    Hours/week
    28 + 12 related

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.

  • LOCAL 1205 IBT

    501(C)(5) · LABOR UNION · NY

  • LOCAL 1205 PENSION FUND

    501(A) · PENSION FUND · 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.

  • ANRON AIR SYSTEM INC

    CONTRIBUTING EMPLOYER

  • BLUELINX

    CONTRIBUTING EMPLOYER

  • C&H RENTALS & LEASINGLLC

    CONTRIBUTING EMPLOYER

  • CERCO PRODUCTS INC

    CONTRIBUTING EMPLOYER

  • CONTRACTORS SHEET METAL LLC

    CONTRIBUTING EMPLOYER

  • CORD CONTRACTING COINC

    CONTRIBUTING EMPLOYER

  • DIERKS HEATING COMPANY INC

    CONTRIBUTING EMPLOYER

  • DURHAM SCHOOL SERVICES

    CONTRIBUTING EMPLOYER

  • DYKES LUMBER COMPANY INC

    CONTRIBUTING EMPLOYER

  • EASTERN METALWORKS INC

    CONTRIBUTING EMPLOYER

  • FERGUSON HAULING CORP

    CONTRIBUTING EMPLOYER

  • FIRST GRP AMERICAFIRST STUDENT

    CONTRIBUTING EMPLOYER

  • FRP SHEET METAL CONTRACTING CO

    CONTRIBUTING EMPLOYER

  • GLENDALE LUMBER CO INC

    CONTRIBUTING EMPLOYER

  • HERITAGE MECHANICAL SERVICES

    CONTRIBUTING EMPLOYER

  • ITC

    CONTRIBUTING EMPLOYER

  • ICE AIR LLC

    CONTRIBUTING EMPLOYER

  • INDUSTRIAL THREADED

    CONTRIBUTING EMPLOYER

  • ISLAND ARCHITECTURAL WOODWORK

    CONTRIBUTING EMPLOYER

  • KINGS MATERIAL HANDLING CORP

    CONTRIBUTING EMPLOYER

  • BUILDERS FIRST SOURCE

    CONTRIBUTING EMPLOYER

  • PB VENTILATING SYSTEM

    CONTRIBUTING EMPLOYER

  • RAEL AUTOMATIC SPRINKLER CO

    CONTRIBUTING EMPLOYER

  • RIVERHEAD BUILDING SUPPLY CORP

    CONTRIBUTING EMPLOYER

  • RUSSIN LUMBER CORP

    CONTRIBUTING EMPLOYER

  • S W ANDERSON SALES CORP

    CONTRIBUTING EMPLOYER

  • SEA BREEZE MECH CORP

    CONTRIBUTING EMPLOYER

  • STERLING INDUSTRIES INC

    CONTRIBUTING EMPLOYER

  • SUFFOLK CEMENT PRODUCTS INC

    CONTRIBUTING EMPLOYER

  • THE NEW SCHOOL UNIVERSITY

    CONTRIBUTING EMPLOYER

  • TRIPLE S AIR SYSTEMS INC

    CONTRIBUTING EMPLOYER

  • TULNOY LUMBER INC

    CONTRIBUTING EMPLOYER

  • FIRST STUDENT

    CONTRIBUTING EMPLOYER

  • TOMCO MECHANICAL

    CONTRIBUTING EMPLOYER

  • WOLKOW BRAKER ROOFING CORP

    CONTRIBUTING EMPLOYER

Provenance

Return type
form_990
Tax year
2024
Filed
10 March 2026
IRS schema version
2024v5.5
Source object
202640699349300639

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