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← LOCAL 522 WELFARE FUND- ROOFERS DIVISION

Form 990 for tax year 2023

Filed by LOCAL 522 WELFARE FUND- ROOFERS DIVISION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 24 February 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total expenses
$1,426,241 changed to $1,428,871
Total assets, end of year
$1,874,480 changed to $1,874,350
Total liabilities, end of year
$333,094 changed to $335,594
Net assets or fund balances, end of year
$1,541,386 changed to $1,538,756

Totals

Total revenue
$1,427,401
Total expenses
$1,426,241
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,323,700
Investment income
$103,701
Other revenue
$0
Total assets, end of year
$1,874,480
Total liabilities, end of year
$333,094
Net assets or fund balances, end of year
$1,541,386
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: PARTICIPATING EMPLOYER

    total $1,323,700 · related or exempt $1,323,700

  • 3 · Investment income

    total $62,825 · excluded $62,825

  • 7a · Gross sales of assets other than inventory

    securities $419,000

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

    securities $378,124

  • 7c · Gain or loss

    securities $40,876

  • 7d · Net gain or loss

    total $40,876 · excluded $40,876

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,280,130

  • 11a · Fees: management

    total $39,000

  • 11b · Fees: legal

    total $39,115

  • 11c · Fees: accounting

    total $20,000

  • 11f · Fees: investment management

    total $7,724

  • 11g · Fees: other

    total $27,588

  • 19 · Conferences, conventions and meetings

    total $2,026

  • 22 · Depreciation, depletion and amortization

    total $1,925

  • 23 · Insurance

    total $8,733

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$54,062 · end of year -$64,938

  • 2 · Savings and temporary cash investments

    beginning of year $518,467 · end of year $776,135

  • 4 · Accounts receivable

    beginning of year $109,506 · end of year $108,852

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,140 · end of year $7,417

  • 10a · Land, buildings and equipment: cost or other basis

    $9,625

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,887

  • 10c · Land, buildings and equipment, net

    beginning of year $8,663 · end of year $6,738

  • 11 · Investments: publicly traded securities

    beginning of year $1,325,718 · end of year $1,040,276

  • 17 · Accounts payable and accrued expenses

    beginning of year $192,361 · end of year $96,094

  • 25 · Other liabilities

    beginning of year $241,000 · end of year $237,000

  • 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 $1,483,071 · end of year $1,541,386

Mission and programs · 2023

Mission

PROVIDING HEALTH & WELFARE BENEFITS TO PARTICIPANTS COVERED BY COLLECTIVE BARGAINING AGREEMENTS. BENEFITS INCLUDE MEDICAL, HOSPITAL, DENTAL, OPTICAL, DEATH AND HOLIDAY BENEFITS.

  • THE PROVIDING OF HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND DEPENDENTS. BENEFITS INCLUDE MEDICAL, HOSPITAL, DENTAL, OPTICAL, DEATH AND HOLIDAY BENEFITS.

As filed on the 2023 return.

Listed in Part VII

  • James Kane

    TRUSTEE

    Total calculated
    $167,659
    From this org
    $0
    From related orgs
    $117,599
    Other
    $50,060
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $116,600 related
    Bonus
    $0
    Other
    $0 + $999 related
    Deferred
    $0 + $34,190 related
    Nontaxable benefits
    $0 + $15,870 related
    Filer's total
    $0 + $167,659 related

  • Peter Murphy

    TRUSTEE

    Total calculated
    $167,281
    From this org
    $0
    From related orgs
    $117,221
    Other
    $50,060
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $116,600 related
    Bonus
    $0
    Other
    $0 + $621 related
    Deferred
    $0 + $34,190 related
    Nontaxable benefits
    $0 + $15,870 related
    Filer's total
    $0 + $167,281 related

  • Andrew Wist

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas Hussey

    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. 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.

  • AMG WATERPROOFING

    CONTRIBUTING EMPLOYER · NY · share of income $255,739

  • B&A RESTORATION

    CONTRIBUTING EMPLOYER · NY · share of income $71,652

  • HERBERT ROSE INC

    CONTRIBUTING EMPLOYER · NY · share of income $435,137

  • KAY CONSTRUCTION

    CONTRIBUTING EMPLOYER · NY · share of income $60,472

  • PREMIER ROOFING

    CONTRIBUTING EMPLOYER · NY · share of income $22,077

  • STANDARD WATERPROOFING

    CONTRIBUTING EMPLOYER · NY · share of income $177,459

  • PARK AVENUE DRIVERS

    CONTRIBUTING EMPLOYER · NY · share of income $274,971

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413199349318941

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