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← Shopmen's Local 527 Benefit Fund

Form 990 for tax year 2023

Filed by Shopmen's Local 527 Benefit Fund.

Totals

Total revenue
$985,523
Total expenses
$1,362,154
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$949,480
Investment income
$30,205
Other revenue
$5,838
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: Employer Contributions

    total $823,332 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Participant Contributions

    total $126,148 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $20,393 · unrelated business $0 · excluded $20,393

  • 7a · Gross sales of assets other than inventory

    securities $330,000

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

    securities $320,188

  • 7c · Gain or loss

    securities $9,812

  • 7d · Net gain or loss

    total $9,812 · related or exempt $0 · unrelated business $0 · excluded $9,812

  • 11a · Other revenue: OTHER INCOME

    total $5,838 · related or exempt $5,838 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $5,838

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,191,814 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $5,500 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $51,508 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $6,448 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $6,136 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $4,363 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $25,588 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $17,037 · program services $0 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $2,500 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $3,848 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $1,216 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $2,820 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $770 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Consulting Fees

    total $33,090 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: Miscellaneous

    total $1,416 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: Contract Administrator

    total $8,100 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $76,331 · end of year $0

  • 4 · Accounts receivable

    beginning of year $166,987 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,746 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,806,569 · end of year $0

  • 15 · Other assets

    beginning of year $169,954 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,705 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,232,882 · end of year $0

Mission and programs · 2023

Mission

To Pay Benefits

  • Provide welfare and supplemental unemployment benefits to its members.

As filed on the 2023 return.

Listed in Part VII

  • Jack Ramage

    TRUSTEE

    Total calculated
    $1,750
    From this org
    $1,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • William Ligetti

    TRUSTEE

    Total calculated
    $3,750
    From this org
    $3,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Martin Marinack

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chadwick Rink

    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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MASON STRUCTURAL

    METAL FABRICATION · OH · 0% owned

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ALLEN GAUGE & TOOL COMPANY

    C · MANUFACTURING · PA · 0% owned

  • EPIC METALS CORPORATION

    C · MANUFACTURING · PA · 0% owned

  • GROLL ORNAMENTAL IRON WORKS

    C · RAILING FABRICATION · PA · 0% owned

  • KINCAID MANUFACTURING COMPANY

    C · METAL FABRICATION · PA · 0% owned

  • MINNOTTE MANUFACTURING CORP

    S · MANUFACTURING · PA · 0% owned

  • LB FOSTER

    C · MANUFACTURING · PA · 0% owned

  • TRADITIONAL LOGISTICS

    C · MI · 0% owned

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

4 distributions to recipients named as people, $1,789,651 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
1 April 2024
IRS schema version
2023v5.0
Source object
202440929349301064

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