Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

  total $13,562,615 · related or exempt $13,562,615

• 2b · Program service revenue: SPECIAL RETIREE CONTRIBUTIONS

  total $63,796 · related or exempt $63,796

• 2c · Program service revenue: PAYROLL AUDIT CONTRIBUTIONS

  total $42,224 · related or exempt $42,224

• 2d · Program service revenue: COBRA CONTRIBUTIONS

  total $27,192 · related or exempt $27,192

• 3 · Investment income

  total $1,548,720 · excluded $1,548,720

• 7a · Gross sales of assets other than inventory

  securities $7,184,478

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

  securities $7,447,371

• 7c · Gain or loss

  securities -$262,893

• 7d · Net gain or loss

  total -$262,893 · excluded -$262,893

• 11a · Other revenue: SEVERANCE RECOVERY

  total $3,720 · related or exempt $3,720

• 11b · Other revenue: REFUNDS AND REIMBURSMENTS

  total $3,041 · related or exempt $3,041

• 11e · Other revenue, total

  $6,761

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $13,648,586

• 5 · Compensation of officers, directors and key employees

  total $14,000

• 7 · Other salaries and wages

  total $193,277

• 8 · Pension plan contributions

  total $116,743

• 9 · Other employee benefits

  total $88,704

• 10 · Payroll taxes

  total $15,935

• 11c · Fees: accounting

  total $18,000

• 11f · Fees: investment management

  total $90,530

• 11g · Fees: other

  total $578,751

• 13 · Office expenses

  total $23,024

• 16 · Occupancy

  total $29,440

• 17 · Travel

  total $23,938

• 19 · Conferences, conventions and meetings

  total $4,740

• 22 · Depreciation, depletion and amortization

  total $1,235

• 23 · Insurance

  total $18,985

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $954,500 · end of year $400

• 2 · Savings and temporary cash investments

  beginning of year $10,847,450 · end of year $1,810,828

• 4 · Accounts receivable

  beginning of year $1,083,809 · end of year $1,198,149

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,515 · end of year $3,459

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

  $18,662

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

  $14,303

• 10c · Land, buildings and equipment, net

  beginning of year $4,472 · end of year $4,359

• 11 · Investments: publicly traded securities

  beginning of year $49,368,950 · end of year $71,812,315

• 15 · Other assets

  beginning of year $485,190 · end of year $265,198

• 17 · Accounts payable and accrued expenses

  beginning of year $23,108 · end of year $36,672

• 25 · Other liabilities

  beginning of year $1,464,805 · end of year $3,235,687

• 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 $61,260,973 · end of year $71,822,349

The filer's explanations (Part III)

PART I, LINE 3

UNION TRUSTEES ARE PAID BY THE LOCAL UNION (RELATED PARTY) FOR THEIR POSITIONS AS UNION OFFICERS OF TEAMSTERS LOCAL 493. SALARIES ARE DETERMINED BY THE UNION BYLAWS AND ARE APPROVED BY THE UNION EXECUTIVE BOARD.

Related corporations and trusts

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

• YRC WORLDWIDE INC

  C · KS

• TOWN OF WOODSTOCK HGHWY DEPT

  C · CT

• WESCON CORP OF CONN

  C · RI

• ARBORIO CORPORATION

  C · CT

• DAY & ZIMMERMAN NPS INC

  C · PA

• TILCON-RYAN

  C · CT

• MONTVILLE BOARD OF ED BUS DRIVERS

  C · CT

• TOWN OF LEDYARD HWY

  C · CT

• TOWN OF WINDHAM HWY DEPT

  C · CT

• UNITED PARCEL SERVICE

  C · OH

• ABF FREIGHT SYSTEM INC

  C · AR

• LEVINE DISTRIBUTING CO INC

  C · CT

• WINDHAM PEPSICOLA BOTLG CO

  C · CT