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Nonprofiteer
← HEALTH & WELFARE TRUST

Form 990 for tax year 2023

Filed by HEALTH & WELFARE TRUST.

Totals

Total revenue
$7,481,302
Total expenses
$7,806,452
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,328,609
Investment income
$152,693
Other revenue
$0
Total assets, end of year
$6,190,104
Total liabilities, end of year
$30,462
Net assets or fund balances, end of year
$6,159,642
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 $7,299,807 · related or exempt $7,299,807

  • 2b · Program service revenue: PARTICIPANT CONTRIBUIT

    total $28,802 · related or exempt $28,802

  • 3 · Investment income

    total $123,967 · excluded $123,967

  • 7a · Gross sales of assets other than inventory

    securities $410,500

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

    securities $381,774

  • 7c · Gain or loss

    securities $28,726

  • 7d · Net gain or loss

    total $28,726 · excluded $28,726

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $7,521,023

  • 11a · Fees: management

    total $51,796

  • 11b · Fees: legal

    total $31,665

  • 11c · Fees: accounting

    total $39,196

  • 11f · Fees: investment management

    total $31,608

  • 11g · Fees: other

    total $55,483

  • 13 · Office expenses

    total $43,397

  • 19 · Conferences, conventions and meetings

    total $2,390

  • 23 · Insurance

    total $15,530

  • 24a · Other expenses: SHARED ADMINISTRATIVE E

    total $14,364

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $653,109 · end of year $250,243

  • 2 · Savings and temporary cash investments

    beginning of year $616,464 · end of year $573,630

  • 4 · Accounts receivable

    beginning of year $19,258 · end of year $86,454

  • 6 · Loans and receivables from disqualified persons

    beginning of year $132,307 · end of year $82,292

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,657 · end of year $10,755

  • 11 · Investments: publicly traded securities

    beginning of year $4,501,765 · end of year $5,167,542

  • 15 · Other assets

    beginning of year $16,010 · end of year $19,188

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,254 · end of year $5,505

  • 25 · Other liabilities

    beginning of year $34,134 · end of year $24,957

  • 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 $5,900,182 · end of year $6,159,642

Mission and programs · 2023

Mission

PROVIDING HEALTH, DENTAL, PRESCRIPTION, AND DEATH BENEFITS FOR ELIGIBLE PARTICIPANTS WHO PERFORMED WORK UNDER THE COLLECTIVE BARGAINING AGREEMENT WITH THE LOCAL UNION.

  • PROVIDE HEALTH, DENTAL, PRESCRIPTION, AND DEATH BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

As filed on the 2023 return.

Listed in Part VII

  • Debra Simmons-Peterson

    TRUSTEE

    Total calculated
    $288,699
    From this org
    $0
    From related orgs
    $227,082
    Other
    $61,617
    Hours/week
    2.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,000 related
    Bonus
    $0 + $10,475 related
    Other
    $0 + $35,607 related
    Deferred
    $0 + $38,214 related
    Nontaxable benefits
    $0 + $23,403 related
    Filer's total
    $0 + $288,699 related

  • James Thomas

    ALTERNATE TRUSTEE

    Total calculated
    $249,579
    From this org
    $0
    From related orgs
    $186,199
    Other
    $63,380
    Hours/week
    2.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,000 related
    Bonus
    $0 + $9,362 related
    Other
    $0 + $33,837 related
    Deferred
    $0 + $35,874 related
    Nontaxable benefits
    $0 + $27,506 related
    Filer's total
    $0 + $249,579 related

  • Jose Silva

    TRUSTEE

    Total calculated
    $215,579
    From this org
    $0
    From related orgs
    $155,371
    Other
    $60,208
    Hours/week
    2.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $115,000 related
    Bonus
    $0 + $7,645 related
    Other
    $0 + $32,726 related
    Deferred
    $0 + $37,564 related
    Nontaxable benefits
    $0 + $22,644 related
    Filer's total
    $0 + $215,579 related

  • Jay Sandler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5

  • David Kozin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5

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.

  • ALTA REHAB AT OAK BROOK

  • AVANTARA LINCOLN PARK

  • BAGCRAFT PAPERCONNOVOLEX

  • BELL HAVEN NURSING HOME

  • BLACK SWAN

  • CHARTWELLS

  • CHICAGO RIDGE NURSING

  • CON GLOBAL INDUSTRIES

  • COUNTRYSIDE NURSING HOME

  • DECARDY DIECASTING

  • DECORATORS SUPPLY CO

  • IMPERIAL ZINC

  • LANDMARK OF RICHTON PARK

  • LAUREATE CHICAGO OPERATIONS

  • LAUREATE CRESTWOOD OPERATIONS

  • LAUREATE FRANKFORT OPERATIONS

  • LAUREATE JOLIET OPERATIONS

  • METRO FACILITY SOLUTIONS

  • MIDWAY NEUROLOGY AND REHAB CENTER

  • NEXT LEVEL HOSPITALITY SERVICES

  • PEER CHAIN

  • PREVUE PET

  • YONA SOLUTIONS

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202413209349308321

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