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← CARPENTERS LOCAL NO 491 HEALTH AND WELFARE FUND

Form 990 for tax year 2022

Filed by CARPENTERS LOCAL NO 491 HEALTH AND WELFARE FUND.

Totals

Total revenue
$4,664,455
Total expenses
$3,992,635
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,583,321
Investment income
$81,134
Other revenue
$0
Total assets, end of year
$7,334,835
Total liabilities, end of year
$967,474
Net assets or fund balances, end of year
$6,367,361
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,992,635

Program services were 0.0% 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: PARTICIPATING EMPLOYERS' HEALTH CONTRIBUTIONS

    total $3,684,386 · related or exempt $3,684,386 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: PARTICIPANTS' VACATION CONTRIBUTIONS

    total $837,758 · related or exempt $837,758 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: PARTICIPANTS' HEALTH CONTRIBUTIONS

    total $61,177 · related or exempt $61,177 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $129,744 · related or exempt $0 · unrelated business $0 · excluded $129,744

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,104,280 · other assets $0

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

    securities $1,152,890 · other assets $0

  • 7c · Gain or loss

    securities -$48,610 · other assets $0

  • 7d · Net gain or loss

    total -$48,610 · related or exempt -$48,610 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,443,571

  • 10 · Payroll taxes

    total $393

  • 11b · Fees: legal

    total $25,504

  • 11c · Fees: accounting

    total $18,244

  • 11f · Fees: investment management

    total $4,480

  • 11g · Fees: other

    total $280,219

  • 13 · Office expenses

    total $5,681

  • 19 · Conferences, conventions and meetings

    total $765

  • 23 · Insurance

    total $213,778

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,292,626 · end of year $1,193,212

  • 2 · Savings and temporary cash investments

    beginning of year $147,697 · end of year $208,739

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $657,756 · end of year $390,882

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,541 · end of year $1,856

  • 11 · Investments: publicly traded securities

    beginning of year $5,399,647 · end of year $5,540,146

  • 17 · Accounts payable and accrued expenses

    beginning of year $375,599 · end of year $469,085

  • 25 · Other liabilities

    beginning of year $245,213 · end of year $498,389

  • 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 $6,879,455 · end of year $6,367,361

Mission and programs · 2022

Mission

To provide medical benefits to its members

  • The fund provides short term disability, dental , prescription drug, hospitalization, medical, death and optical benefits to all eligible employees employed by contributing employers

    Expenses $3,992,635

As filed on the 2022 return.

Listed in Part VII

  • Sandy Forstner

    Labor Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bill Sproule

    Labor Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert Tarby

    Labor Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stephen deLeon

    Employer Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mike Joyce

    Employer Trustee

    Total calculated
    $0
    Hours/week
    1

  • Todd Weitzman

    Employer 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
2022
Filed
17 October 2023
IRS schema version
2022v5.0
Source object
202333109349303623

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