Form 990 for tax year 2022
Filed by RHODE ISLAND LABORERS HEALTH AND WELFARE FUND.
Totals
- Total revenue
- $32,201,057
- Total expenses
- $31,476,625
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $32,101,004
- Investment income
- $41,594
- Other revenue
- $58,459
- Total assets, end of year
- $78,505,267
- Total liabilities, end of year
- $926,662
- Net assets or fund balances, end of year
- $77,578,605
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $30,914,909
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 CONTRIBUTIONS
total $32,037,585 · related or exempt $32,037,585
-
2b · Program service revenue: EMPLOYEE CONTRIBUTIONS
total $63,419 · related or exempt $63,419
-
3 · Investment income
total $41,594 · related or exempt $41,594
-
11a · Other revenue: LATE FEES
total $42,258 · related or exempt $42,258
-
11b · Other revenue: MISCELLANEOUS
total $16,201 · related or exempt $16,201
-
11e · Other revenue, total
$58,459
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $30,902,230
-
11b · Fees: legal
total $26,000
-
11c · Fees: accounting
total $38,936
-
11f · Fees: investment management
total $71,849
-
11g · Fees: other
total $402,601
-
13 · Office expenses
total $1,644
-
23 · Insurance
total $16,151
-
24a · Other expenses: PLAN EXCISE TAX
total $12,679
-
24b · Other expenses: BANK CHARGES
total $2,278
-
24c · Other expenses: DUES
total $2,257
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $7,329,475 · end of year $8,997,126
-
4 · Accounts receivable
beginning of year $3,143,788 · end of year $5,140,591
-
9 · Prepaid expenses and deferred charges
beginning of year $22,800 · end of year $35,294
-
12 · Investments: other securities
beginning of year $75,268,308 · end of year $63,915,856
-
15 · Other assets
beginning of year $416,400 · end of year $416,400
-
17 · Accounts payable and accrued expenses
beginning of year $622,084 · end of year $926,662
-
31 · Retained earnings, endowment or other funds
beginning of year $85,558,687 · end of year $77,578,605
Mission and programs · 2022
Mission
TO PROVIDE HEALTH, DENTAL, LIFE AND DISABILITY COVERAGE TO QUALIFIED PARTICIPANTS.
-
PROVIDE ELIGIBLE PARTICIPANTS WITH MEDICAL, DENTAL AND LIFE AND DISABILITY COVERAGE.
Expenses $30,914,909
As filed on the 2022 return.
Listed in Part VII
-
Michael F SabitoniMICHAEL F SABITONI
TRUSTEE
- Total calculated
- $0
-
Michael D'AmbraMICHAEL D'AMBRA
TRUSTEE
- Total calculated
- $0
-
Donato BiancoDONATO BIANCO
TRUSTEE
- Total calculated
- $0
-
Armand LusiARMAND LUSI
TRUSTEE
- Total calculated
- $0
-
Raymond CoiaRAYMOND COIA
TRUSTEE
- Total calculated
- $0
-
Joseph VitulloJOSEPH VITULLO
TRUSTEE
- Total calculated
- $0
-
Leo K MarshallLEO K MARSHALL
TRUSTEE
- Total calculated
- $0
-
Michael GamminoMICHAEL GAMMINO
TRUSTEE
- Total calculated
- $0
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343109349301609
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