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Nonprofiteer
← SEIU MICHIGAN HEALTH AND WELFARE FUND

Form 990 for tax year 2022

Filed by SEIU MICHIGAN HEALTH AND WELFARE FUND.

Totals

Total revenue
$3,851,493
Total expenses
$6,280,787
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,496,589
Investment income
$354,904
Other revenue
$0
Total assets, end of year
$11,305,414
Total liabilities, end of year
$2,171,794
Net assets or fund balances, end of year
$9,133,620
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: EMPLOYER CONTRIBUTION

    total $3,489,908 · related or exempt $3,489,908

  • 2b · Program service revenue: PARTICIPANT SELF-PAYMENT

    total $6,681 · related or exempt $6,681

  • 3 · Investment income

    total $278,030 · excluded $278,030

  • 7a · Gross sales of assets other than inventory

    securities $3,769,509

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

    securities $3,692,635

  • 7c · Gain or loss

    securities $76,874

  • 7d · Net gain or loss

    total $76,874 · related or exempt $76,874

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,547,405

  • 11a · Fees: management

    total $535,450

  • 11b · Fees: legal

    total $23,742

  • 11c · Fees: accounting

    total $20,800

  • 11f · Fees: investment management

    total $64,801

  • 11g · Fees: other

    total $48,600

  • 13 · Office expenses

    total $4,322

  • 19 · Conferences, conventions and meetings

    total $6,580

  • 23 · Insurance

    total $15,021

  • 24a · Other expenses: PRINTING & MISCELLANEOUS

    total $6,780

  • 24b · Other expenses: MEMBER COMMUNICATION

    total $6,279

  • 24c · Other expenses: SUMMARY ANNUAL REPORT

    total $794

  • 24d · Other expenses: DEPRECIATION

    total $213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $69,944 · end of year $75,445

  • 2 · Savings and temporary cash investments

    beginning of year $260,413 · end of year $469,085

  • 4 · Accounts receivable

    beginning of year $347,194 · end of year $310,937

  • 8 · Inventories for sale or use

    end of year $23,022

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,512

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

    $10,763

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

    $10,763

  • 10c · Land, buildings and equipment, net

    beginning of year $213

  • 11 · Investments: publicly traded securities

    beginning of year $10,933,168 · end of year $10,426,925

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,011 · end of year $61,682

  • 25 · Other liabilities

    beginning of year $808,287 · end of year $2,110,112

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,847,146 · end of year $9,133,620

Mission and programs · 2022

Mission

THE FUND IS CREATED, ESTABLISHED, AND MAINTAINED FOR THE PURPOSE OF PROVIDING ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS AND/OR BENEFICIARIES WITH MEDICAL, SURGICAL, AND HOSPITAL CARE; BENEFITS IN THE EVENT OF SICKNESS, ACCIDENT, DISABILITY, DEATH, OR UNEMPLOYMENT; AND DENTAL, OPTICAL, AND PRESCRIPTION DRUG CARE; AND FOR THE PURPOSE OF DEFRAYING REASONABLE COST OF ADMINISTRATION.

  • TO PROVIDE HEALTH, DENTAL, VISION, LIFE AND SHORT-TERM DISABILITY BENEFITS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kenneth Munz

    SECRETARY

    Total calculated
    $181,174
    From this org
    $0
    From related orgs
    $138,600
    Other
    $42,574
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $138,600 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $42,574 related
    Filer's total
    not reported + $181,174 related

  • Maximilian Gerboc

    TRUSTEE

    Total calculated
    $137,099
    From this org
    $0
    From related orgs
    $105,000
    Other
    $32,099
    Hours/week
    1 + 40 related

  • John Aska

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • John Tamas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 40 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.

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.

  • ABM BUSINESS & INDUSTRY

  • ALLIED NATIONAL SERVICES

  • AMBASSADOR THEATRE GROUP

  • DANTEC

  • DETROIT DIESEL

  • DETROIT PUBLIC SCHOOLSGDI

  • DETROIT TIGERS

  • DETROIT TOWERS

  • DETROIT YACHT CLUB

  • DEVON CONTRACTING INC

  • DFSWCAA

  • EUREST SERVICES (DIV OF COMPASS)

  • GDI OMNI

  • HARVARD MAINTENANCE

  • ISS FACILITY SERVCIES

  • KIMCO FACILITY SERVICES

  • LDT COUNT

  • LGC GLOBAL ENERGY

  • MCNAMARA FEDERAL BLDG

  • NEW IMAGE BUILDING SERVICES

  • OLYMPIA ENTERTAINMENT

  • PREFERRED BUILDING SERVICES

  • SOUTHFIELD TOWN CENTER

  • THE HABITAT COMPANY

  • WCA NORTH TERMINAL

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202431349349302983

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