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← BOSTON TEACHERS UNION HEALTH AND WELFARE FUND

Form 990 for tax year 2023

Filed by BOSTON TEACHERS UNION HEALTH AND WELFARE FUND.

Totals

Total revenue
$13,295,854
Total expenses
$11,512,570
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,522,119
Investment income
$773,735
Other revenue
$0
Total assets, end of year
$30,997,128
Total liabilities, end of year
$184,072
Net assets or fund balances, end of year
$30,813,056
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: HEALTH & WELFARE BENEFITS COVERAG

    total $12,199,097 · related or exempt $12,199,097

  • 2b · Program service revenue: ADMINISTRATION FEES

    total $191,572 · related or exempt $191,572

  • 2c · Program service revenue: COBRA RECEIPTS

    total $131,450 · related or exempt $131,450

  • 3 · Investment income

    total $882,853 · related or exempt $882,853

  • 7a · Gross sales of assets other than inventory

    securities $13,333,739

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

    securities $13,442,857

  • 7c · Gain or loss

    securities -$109,118

  • 7d · Net gain or loss

    total -$109,118 · related or exempt -$109,118

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $10,402,824

  • 5 · Compensation of officers, directors and key employees

    total $146,551

  • 7 · Other salaries and wages

    total $211,197

  • 8 · Pension plan contributions

    total $37,580

  • 9 · Other employee benefits

    total $129,724

  • 10 · Payroll taxes

    total $27,382

  • 11b · Fees: legal

    total $17,442

  • 11c · Fees: accounting

    total $128,489

  • 11f · Fees: investment management

    total $6,000

  • 11g · Fees: other

    total $97,122

  • 13 · Office expenses

    total $46,947

  • 16 · Occupancy

    total $45,942

  • 19 · Conferences, conventions and meetings

    total $10,561

  • 22 · Depreciation, depletion and amortization

    total $12,901

  • 23 · Insurance

    total $17,502

  • 24a · Other expenses: COBRA

    total $149,711

  • 24b · Other expenses: EQUIPMENT REPAIR

    total $24,695

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $412,368 · end of year $93,826

  • 2 · Savings and temporary cash investments

    beginning of year $532,419 · end of year $2,138,521

  • 4 · Accounts receivable

    beginning of year $3,985,978 · end of year $4,234,989

  • 9 · Prepaid expenses and deferred charges

    beginning of year $147,761 · end of year $111,096

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

    $891,142

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

    $823,820

  • 10c · Land, buildings and equipment, net

    beginning of year $96,465 · end of year $67,322

  • 11 · Investments: publicly traded securities

    beginning of year $20,067,468 · end of year $21,760,003

  • 15 · Other assets

    beginning of year $2,591,371 · end of year $2,591,371

  • 17 · Accounts payable and accrued expenses

    beginning of year $150,394 · end of year $150,046

  • 25 · Other liabilities

    beginning of year $42,768 · end of year $34,026

  • 29 · Capital stock, trust principal or current funds

    beginning of year $27,640,668 · end of year $30,813,056

  • 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 $0 · end of year $0

Mission and programs · 2023

Mission

PROVIDE HEALTH AND WELFARE BENEFITS

Activities or mission (Part I)

PROVIDE HLTH & WELFARE BENEFITS

  • PROVIDE HEALTH AND WELFARE BENEFITS

As filed on the 2023 return.

Listed in Part VII

  • Erik Berg

    CHAIRMAN

    Total calculated
    $185,286
    From this org
    $0
    From related orgs
    $185,286
    Other
    $0
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,486 related
    Bonus
    $0
    Other
    $0 + $4,800 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $185,286 related

  • Elizabeth Drinan

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • James A Philip

    TRUSTEE

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    5

  • Sylvaine Lestrade

    TRUSTEE

    Total calculated
    $4,700
    From this org
    $0
    From related orgs
    $4,700
    Other
    $0
    Hours/week
    5

  • Lea Serena

    TRUSTEE

    Total calculated
    $166,720
    From this org
    $0
    From related orgs
    $166,720
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $161,920 related
    Bonus
    $0
    Other
    $0 + $4,800 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $166,720 related

  • Gary Campbell

    EYE CARE CENTER DIRECTOR

    Total calculated
    $167,990
    From this org
    $167,990
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $167,990
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $167,990

  • Eugene McGlynn

    FUND ADMINISTRATOR

    Total calculated
    $174,701
    From this org
    $174,701
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $174,701
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $174,701

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.

Provenance

Return type
form_990
Tax year
2023
Filed
7 April 2025
IRS schema version
2023v6.0
Source object
202540979349300629

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