Form 990 for tax year 2024
Filed by SHOPMENS LOCAL UNION 508 HEALTH & WELFARE FUND.
Totals
- Total revenue
- $578,158
- Total expenses
- $803,639
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $498,188
- Investment income
- $79,970
- Other revenue
- $0
- Total assets, end of year
- $1,842,801
- Total liabilities, end of year
- $6,743
- Net assets or fund balances, end of year
- $1,836,058
- 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: PROGRAM CONTRIBUTIONS
total $498,188 · related or exempt $498,188
-
3 · Investment income
total $79,970 · excluded $79,970
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $625,946
-
7 · Other salaries and wages
total $53,215
-
8 · Pension plan contributions
total $7,409
-
10 · Payroll taxes
total $5,321
-
11b · Fees: legal
total $4,251
-
11c · Fees: accounting
total $29,275
-
13 · Office expenses
total $11,678
-
16 · Occupancy
total $19,006
-
19 · Conferences, conventions and meetings
total $26,921
-
23 · Insurance
total $20,617
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $254,857 · end of year $128,810
-
2 · Savings and temporary cash investments
beginning of year $1,724,881 · end of year $1,625,812
-
4 · Accounts receivable
beginning of year $49,866 · end of year $44,488
-
9 · Prepaid expenses and deferred charges
beginning of year $31,935 · end of year $43,691
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $6,743
-
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 $2,061,539 · end of year $1,836,058
Mission and programs · 2024
Mission
THE TRUST FUND IS CREATED, ESTABLISHED AND MAINTAINED FOR THE PURPOSE OF PROVIDING HEALTH, WELFARE, DEATH OR RELATED BENEFITS FOR EMPLOYEES AND THEIR DEPENDENTS AND BENEFICIARIES.
Activities or mission (Part I)
WELFARE BENEFIT PLAN
-
COLLECTION OF MONIES PURSUANT TO COLLECTIVE BARGAINING AGREEMENT FOR DISTRIBUTION FOR THE BENEFIT OF PARTICIPANTS.
As filed on the 2024 return.
Listed in Part VII
-
Martin MarinackMARTIN MARINACK
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
Joe GluckJOE GLUCK
SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Sharath MekalaSHARATH MEKALA
ALT. TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael BaumannMICHAEL BAUMANN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Willie MitchellWILLIE MITCHELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeane ChaffinJEANE CHAFFIN
ALT. 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.
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.
-
IRON WORKERS REGIONAL SHOP LOCAL UNION NO 851
501(C)(5) · LOCAL TRADE UNION ADVOCATING AND REPRESENTING ITS MEMBERS · PA
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.
-
ARISTEO CONSTRUCTION COMPANY
MANUFACTURING · MI
-
DEARBORN MID-WEST COMPANY
MANUFACTURING · MI
-
INTERNATIONAL DOOR INC
MANUFACTURING · MI
-
DMW HOLDINGS
MANUFACTURING · MI
-
WERK-BRAU COMPANY
MANUFACTURING · OH
-
NORTHERN STEEL SERVICES
MANUFACTURING · MI
-
IRON WORKERS REGIONAL SHOP LOCAL 851
MANUFACTURING · MI
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 21 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503009349301315
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