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← LABORERS WELFARE FUND LOCAL 130

Form 990 for tax year 2024

Filed by LABORERS WELFARE FUND LOCAL 130.

Totals

Total revenue
$72,417
Total expenses
$80,477
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$16,120
Investment income
$56,112
Other revenue
$185
Total assets, end of year
$1,504,837
Total liabilities, end of year
$3,536
Net assets or fund balances, end of year
$1,501,301
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$80,477

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: EMPLOYEE CONTRIBUTIONS

    total $16,120 · related or exempt $16,120

  • 3 · Investment income

    total $50,174 · excluded $50,174

  • 7a · Gross sales of assets other than inventory

    securities $286,590

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

    securities $280,652

  • 7c · Gain or loss

    securities $5,938

  • 7d · Net gain or loss

    total $5,938 · excluded $5,938

  • 11a · Other revenue: LITIGATION SETTLEMENTS

    total $185 · excluded $185

  • 11e · Other revenue, total

    $185

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $36,720

  • 11a · Fees: management

    total $6,000

  • 11b · Fees: legal

    total $2,463

  • 11c · Fees: accounting

    total $21,761

  • 11f · Fees: investment management

    total $5,927

  • 11g · Fees: other

    total $1,500

  • 13 · Office expenses

    total $348

  • 23 · Insurance

    total $2,806

  • 24a · Other expenses: BANK FEES

    total $2,314

  • 24b · Other expenses: MEMBERSHIP DUES

    total $396

  • 24c · Other expenses: PCORI FEE

    total $242

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $197,521 · end of year $61,469

  • 2 · Savings and temporary cash investments

    beginning of year $5,277 · end of year $11,014

  • 4 · Accounts receivable

    beginning of year $179

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,119 · end of year $2,378

  • 11 · Investments: publicly traded securities

    beginning of year $1,248,892 · end of year $1,429,976

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,336 · end of year $3,536

  • 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 $1,453,652 · end of year $1,501,301

Mission and programs · 2024

Mission

TO PROVIDE LIFE INSURANCE TO ELIGIBLE RETIRED AND SEPARATED MEMBERS.

Activities or mission (Part I)

PROVIDES LIFE INSURANCE BENEFITS TO RETIRED AND ELIGIBLE SEPARATED MEMBERS.

  • THE FUND PROVIDES LIFE INSURANCE BENEFITS TO RETIRED AND SEPARATED EMPLOYEES OF CONTRIBUTING EMPLOYERS UNDER GROUP INSURED PLANS.

    Expenses $80,477

As filed on the 2024 return.

Listed in Part VII

  • Joline Sobeck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephen Viccica

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jacob Hyder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jon O'Brien

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joseph Sonday

    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.

  • LABORERS' INTERNATIONAL UNION OF NORTH AMERICA LOCAL NO 130

    501(C)(5) · LABOR UNION · PA

  • LABORERS' INT'L LOCAL NO 130 PENSION

    401(A) · COLLECTIVELY BARGAINED MULTIEMPLOYER DEFINED BENEFIT PENSION PLAN · PA

  • LABORERS' INT'L LOCAL NO 130 ANNUITY

    401(A) · COLLECTIVELY BARGAINED MULTIEMPLOYER DEFINED CONTRIBUTION PENSION PLAN · PA

Provenance

Return type
form_990
Tax year
2024
Filed
4 February 2026
IRS schema version
2024v5.5
Source object
202640429349301224

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