Skip to content
Nonprofiteer
← TRUSTEES LOCAL UNION 400 IBEW WELFARE FUND

Form 990 for tax year 2024

Filed by TRUSTEES LOCAL UNION 400 IBEW WELFARE FUND.

Totals

Total revenue
$16,949,002
Total expenses
$14,506,343
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$16,565,888
Investment income
$370,097
Other revenue
$13,017
Total assets, end of year
$16,430,012
Total liabilities, end of year
$2,121,697
Net assets or fund balances, end of year
$14,308,315
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: EMPLOYERS CONTRIBUTIONS

    total $15,321,881 · related or exempt $15,321,881

  • 2b · Program service revenue: PARTICIPANTS CONTRIBUTIONS

    total $1,244,007 · related or exempt $1,244,007

  • 3 · Investment income

    total $406,305 · excluded $406,305

  • 7a · Gross sales of assets other than inventory

    securities $710,512

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

    securities $746,720

  • 7c · Gain or loss

    securities -$36,208

  • 7d · Net gain or loss

    total -$36,208 · excluded -$36,208

  • 11a · Other revenue: OTHER INCOME

    total $13,017 · related or exempt $13,017

  • 11e · Other revenue, total

    $13,017

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $13,827,046

  • 11b · Fees: legal

    total $47,056

  • 11c · Fees: accounting

    total $63,296

  • 11f · Fees: investment management

    total $66,943

  • 11g · Fees: other

    total $463,138

  • 13 · Office expenses

    total $9,616

  • 19 · Conferences, conventions and meetings

    total $19,834

  • 23 · Insurance

    total $1,886

  • 24a · Other expenses: PCORI FEE

    total $4,719

  • 24b · Other expenses: BANK FEES

    total $2,627

  • 24c · Other expenses: FIDELITY BOND

    total $182

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,715,839 · end of year $3,094,720

  • 2 · Savings and temporary cash investments

    beginning of year $46,531 · end of year $56,555

  • 4 · Accounts receivable

    beginning of year $1,349,706 · end of year $1,298,782

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,661 · end of year $3,734

  • 11 · Investments: publicly traded securities

    beginning of year $2,892,039 · end of year $3,793,198

  • 12 · Investments: other securities

    beginning of year $6,285,178 · end of year $6,737,548

  • 15 · Other assets

    beginning of year $1,184,944 · end of year $1,445,475

  • 17 · Accounts payable and accrued expenses

    beginning of year $182,455 · end of year $101,865

  • 25 · Other liabilities

    beginning of year $1,735,668 · end of year $2,019,832

  • 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 $11,559,775 · end of year $14,308,315

Mission and programs · 2024

Mission

TO PROVIDE GROUP HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS.

  • TO PROVIDE GROUP HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS.

As filed on the 2024 return.

Listed in Part VII

  • Robert Shimko

    TRUSTEE

    Total calculated
    $384,049
    From this org
    $0
    From related orgs
    $224,590
    Other
    $159,459
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,590 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $85,344 related
    Nontaxable benefits
    $0 + $74,115 related
    Filer's total
    $0 + $384,049 related

  • Michael Ricca

    TRUSTEE

    Total calculated
    $329,179
    From this org
    $0
    From related orgs
    $192,502
    Other
    $136,677
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,502 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $73,151 related
    Nontaxable benefits
    $0 + $63,526 related
    Filer's total
    $0 + $329,179 related

  • Robert Ingman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michael Tomasiello

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas O Johnston Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Manzo Esq

    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

  • 3 · Approval by the board or compensation committee

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.

  • LOCAL UNION 400 IBEW PENSION PLAN

    401(A) · PENSION FUND · NJ

  • IBEW LOCAL UNION 400 AUXILIARY WELFARE FUND

    501(C)(9) · TO PROVIDE HEALTHCARE REIMBURSEMENT BENEFITS TO PARTICIPANTS · NJ

  • LOCAL UNION 400 IBEW JOINT ANNUITY FUND

    401(A) · TO PROVIDE ANNUITY BENEFITS TO PARTICIPANTS · NJ

  • IBEW 400 LOCAL UNION

    501(C)(5) · TO REPRESENT UNION MEMBERS FOR THE PURPOSE OF COLLECTIVE BARGAINING · NJ

Provenance

Return type
form_990
Tax year
2024
Filed
10 February 2026
IRS schema version
2024v5.5
Source object
202630419349300828

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.