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← LOCAL 295-851 IBT EMPLOYER GROUP WELFARE FUND

Form 990 for tax year 2024

Filed by LOCAL 295-851 IBT EMPLOYER GROUP WELFARE FUND.

Totals

Total revenue
$45,669,704
Total expenses
$33,726,909
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$43,806,724
Investment income
$1,862,980
Other revenue
$0
Total assets, end of year
$100,510,237
Total liabilities, end of year
$6,694,105
Net assets or fund balances, end of year
$93,816,132
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 $41,344,372 · related or exempt $41,344,372

  • 2b · Program service revenue: RETIREE CONTRIBUTIONS

    total $2,411,491 · related or exempt $2,411,491

  • 2c · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $50,861 · related or exempt $50,861

  • 3 · Investment income

    total $1,812,149 · excluded $1,812,149

  • 7a · Gross sales of assets other than inventory

    securities $4,694,541

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

    securities $4,643,710

  • 7c · Gain or loss

    securities $50,831

  • 7d · Net gain or loss

    total $50,831 · related or exempt $50,831

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $31,340,625

  • 11b · Fees: legal

    total $209,785

  • 11c · Fees: accounting

    total $63,337

  • 11f · Fees: investment management

    total $113,323

  • 11g · Fees: other

    total $1,881,027

  • 13 · Office expenses

    total $65,889

  • 19 · Conferences, conventions and meetings

    total $40,292

  • 23 · Insurance

    total $12,631

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,503,931 · end of year $4,517,675

  • 4 · Accounts receivable

    beginning of year $4,061,082 · end of year $3,633,864

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,244 · end of year $6,935

  • 11 · Investments: publicly traded securities

    beginning of year $35,515,933 · end of year $78,828,133

  • 12 · Investments: other securities

    beginning of year $38,130,348 · end of year $13,523,630

  • 17 · Accounts payable and accrued expenses

    beginning of year $116,899 · end of year $96,105

  • 25 · Other liabilities

    beginning of year $5,474,000 · end of year $6,598,000

  • 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 $76,626,639 · end of year $93,816,132

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

  • VINCENT BRUNO

    TRUSTEE

    Total calculated
    $187,281
    From this org
    $0
    From related orgs
    $141,212
    Other
    $46,069
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,212 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,480 related
    Nontaxable benefits
    $0 + $32,589 related
    Filer's total
    $0 + $187,281 related

  • LOUIS CALEMINE

    TRUSTEE

    Total calculated
    $205,326
    From this org
    $0
    From related orgs
    $158,987
    Other
    $46,339
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,987 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,480 related
    Nontaxable benefits
    $0 + $32,859 related
    Filer's total
    $0 + $205,326 related

  • ROBERT WHITAKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JOSEPH YATES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • GREGG DECKER

    ALTERNATE TRUSTEE

    Total calculated
    $184,942
    From this org
    $0
    From related orgs
    $138,873
    Other
    $46,069
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,873 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,480 related
    Nontaxable benefits
    $0 + $32,589 related
    Filer's total
    $0 + $184,942 related

  • WILLIAM ROBERTSON

    TRUSTEE

    Total calculated
    $21,373
    From this org
    $0
    From related orgs
    $21,373
    Other
    $0
    Hours/week
    2 + 2 related

  • BRADLEY PASKIEVITCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • PHILIP SACCOMANNO

    TRUSTEE

    Total calculated
    $5,717
    From this org
    $0
    From related orgs
    $5,717
    Other
    $0
    Hours/week
    2 + 2 related

  • MATTHEW WILIM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JAMES MCNALLY

    ALTERNATE TRUSTEE

    Total calculated
    $5,450
    From this org
    $0
    From related orgs
    $5,450
    Other
    $0
    Hours/week
    2 + 2 related

  • MARCIA LIN

    ALTERNATE TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

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.

  • AIR EXPRESS INTERNATIONAL-DHL

    CONTRIBUTING EMPLOYER

  • AIRBORNE EXPRESS-DHL

    CONTRIBUTING EMPLOYER

  • BAX GLOBAL

    CONTRIBUTING EMPLOYER

  • COMPASS FORWARDING CO

    CONTRIBUTING EMPLOYER

  • DF YOUNG TRANSPORTATION INC

    CONTRIBUTING EMPLOYER

  • KUEHNE & NAGEL AIR FREIGHT

    CONTRIBUTING EMPLOYER

  • UPS

    CONTRIBUTING EMPLOYER

Provenance

Return type
form_990
Tax year
2024
Filed
24 March 2026
IRS schema version
2024v5.5
Source object
202610849349300316

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