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Nonprofiteer
← GRAPHIC COMMUNICATIONS BENEVOLENT TRUST FUND

Form 990 for tax year 2023

Filed by GRAPHIC COMMUNICATIONS BENEVOLENT TRUST FUND.

Totals

Total revenue
-$164,492
Total expenses
$2,744,281
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$138,319
Investment income
-$207,887
Other revenue
-$94,924
Total assets, end of year
$63,427,214
Total liabilities, end of year
$81,481
Net assets or fund balances, end of year
$63,345,733
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: MEMBERSHIP DUES

    total $138,319 · related or exempt $138,319

  • 3 · Investment income

    total $1,095,267 · excluded $1,095,267

  • 7a · Gross sales of assets other than inventory

    securities $25,860,140

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

    securities $27,163,294

  • 7c · Gain or loss

    securities -$1,303,154

  • 7d · Net gain or loss

    total -$1,303,154 · excluded -$1,303,154

  • 11a · Other revenue: FOREIGN CURRENCY LOSS

    total -$94,924 · related or exempt -$94,924

  • 11e · Other revenue, total

    -$94,924

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,296,981

  • 11b · Fees: legal

    total $19,403

  • 11c · Fees: accounting

    total $20,000

  • 11f · Fees: investment management

    total $131,329

  • 11g · Fees: other

    total $209,914

  • 13 · Office expenses

    total $27,059

  • 16 · Occupancy

    total $3,867

  • 23 · Insurance

    total $29,116

  • 24e · All other expenses

    total $6,612

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $190,050 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $116,985 · end of year $45,893

  • 4 · Accounts receivable

    beginning of year $38,062 · end of year $28,711

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,125 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $15,467,151 · end of year $14,367,673

  • 12 · Investments: other securities

    beginning of year $44,096,987 · end of year $48,877,652

  • 15 · Other assets

    beginning of year $68,151 · end of year $107,285

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,538 · end of year $7,826

  • 25 · Other liabilities

    beginning of year $72,512 · end of year $73,655

  • 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 $59,897,461 · end of year $63,345,733

Mission and programs · 2023

Mission

TO PROVIDE DEATH BENEFITS FOR MEMBERS OF THE GRAPHIC COMMUNICATIONS CONFERENCE INTERNATIONAL BROTHERHOOD OF TEAMSTERS.

  • PAYMENT OF DEATH BENEFITS FOR MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • Kurt Freeman

    PRESIDENT (THRU AUG 2023)

    Total calculated
    $281,184
    From this org
    $0
    From related orgs
    $235,411
    Other
    $45,773
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,149 related
    Bonus
    $0
    Other
    $0 + $7,262 related
    Deferred
    $0 + $15,181 related
    Nontaxable benefits
    $0 + $30,592 related
    Filer's total
    $0 + $281,184 related

  • Steven Nobles

    PRESIDENT/CHAIRMAN (EFF. AUG 2023)

    Total calculated
    $270,311
    From this org
    $0
    From related orgs
    $207,377
    Other
    $62,934
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,047 related
    Bonus
    $0
    Other
    $0 + $2,330 related
    Deferred
    $0 + $26,275 related
    Nontaxable benefits
    $0 + $36,659 related
    Filer's total
    $0 + $270,311 related

  • Clark Ritchey

    VICE PRESIDENT/ SECRETARY TREASURER

    Total calculated
    $8,481
    From this org
    $0
    From related orgs
    $8,481
    Other
    $0
    Hours/week
    1 + 2 related

  • Daniel Cabada

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Israel Castro

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Alex Charles

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Marty Hallberg

    TRUSTEE

    Total calculated
    $11,192
    From this org
    $0
    From related orgs
    $11,192
    Other
    $0
    Hours/week
    1 + 2 related

  • Patrick Lopresti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Greg Morley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Eddie Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 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.

  • PPPWU

    501(C)(5) · TO ORGANIZE WORKERS IN THE PRINTING INDUSTRY. · DC

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202531059349300348

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