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Nonprofiteer
← PORT AUTHORITY PBA TRUST FUND

Form 990 for tax year 2023

Filed by PORT AUTHORITY PBA TRUST FUND.

Totals

Total revenue
$1,658,859
Total expenses
$1,935,726
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,247,582
Investment income
$397,485
Other revenue
$13,792
Total assets, end of year
$13,816,308
Total liabilities, end of year
$51,065
Net assets or fund balances, end of year
$13,765,243
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: DUES REVENUE

    total $1,247,582 · related or exempt $1,247,582

  • 3 · Investment income

    total $247,903 · excluded $247,903

  • 7a · Gross sales of assets other than inventory

    securities $2,317,594

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

    securities $2,168,012

  • 7c · Gain or loss

    securities $149,582

  • 7d · Net gain or loss

    total $149,582 · excluded $149,582

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $13,792 · related or exempt $13,792

  • 11e · Other revenue, total

    $13,792

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,713,490

  • 11c · Fees: accounting

    total $59,558

  • 11f · Fees: investment management

    total $81,357

  • 13 · Office expenses

    total $49

  • 16 · Occupancy

    total $6,930

  • 22 · Depreciation, depletion and amortization

    total $44,315

  • 23 · Insurance

    total $17,654

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $12,373

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3

  • 2 · Savings and temporary cash investments

    beginning of year $610,435 · end of year $43,353

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,654 · end of year $87,492

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

    $1,205,110

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

    $793,350

  • 10c · Land, buildings and equipment, net

    beginning of year $387,197 · end of year $411,760

  • 11 · Investments: publicly traded securities

    beginning of year $9,440,743 · end of year $10,797,945

  • 12 · Investments: other securities

    beginning of year $2,259,956 · end of year $2,381,200

  • 15 · Other assets

    beginning of year $253,166 · end of year $94,558

  • 17 · Accounts payable and accrued expenses

    beginning of year $108,197 · end of year $51,065

  • 27 · Net assets without donor restrictions

    beginning of year $12,860,957 · end of year $13,765,243

Mission and programs · 2023

Mission

THE WELFARE FUND WAS CREATED TO PROVIDE MEDICAL, DENTAL, OPTICAL, LEGAL, DEATH, AND OTHER BENEFITS TO THE PORT AUTHORITY P.B.A. MEMBERSHIP.

  • TO PROVIDE MEDICAL, DENTAL, OPTICAL, LEGAL, DEATH, AND OTHER BENEFITS TO THE PORT AUTHORITY POLICE PBA MEMBERSHIP.

As filed on the 2023 return.

Listed in Part VII

  • FRANK CONTI

    TRUSTEE/PRESIDENT

    Total calculated
    $71,210
    From this org
    $0
    From related orgs
    $71,210
    Other
    $0
    Hours/week
    5 + 40 related

  • STEVE EKIZIAN

    TRUSTEE/TREASURER

    Total calculated
    $57,962
    From this org
    $0
    From related orgs
    $57,962
    Other
    $0
    Hours/week
    10 + 40 related

  • VINCENT RICCI

    TRUSTEE

    Total calculated
    $9,600
    From this org
    $0
    From related orgs
    $9,600
    Other
    $0
    Hours/week
    5 + 10 related

  • TARIQ ABDOOL

    TRUSTEE

    Total calculated
    $10,150
    From this org
    $0
    From related orgs
    $10,150
    Other
    $0
    Hours/week
    5 + 10 related

  • JOHN MOHRMAN

    TRUSTEE

    Total calculated
    $9,600
    From this org
    $0
    From related orgs
    $9,600
    Other
    $0
    Hours/week
    5 + 10 related

  • TERENCE MCPIKE

    TRUSTEE

    Total calculated
    $9,600
    From this org
    $0
    From related orgs
    $9,600
    Other
    $0
    Hours/week
    5 + 10 related

  • MICHAEL BUNERO

    TRUSTEE

    Total calculated
    $9,600
    From this org
    $0
    From related orgs
    $9,600
    Other
    $0
    Hours/week
    5 + 10 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.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202403209349315090

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