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← NYSPIA HEALTH AND WELFARE FUND

Form 990 for tax year 2024

Filed by NYSPIA HEALTH AND WELFARE FUND.

Totals

Total revenue
$887,179
Total expenses
$23,232
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$484,568
Investment income
$402,611
Other revenue
$0
Total assets, end of year
$5,833,576
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,833,576
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: CONTRIBUTION FROM NYS

    total $481,243 · related or exempt $481,243

  • 2b · Program service revenue: CONTRIBUTION FROM NYSPIA

    total $3,325 · related or exempt $3,325

  • 3 · Investment income

    total $213,643 · excluded $213,643

  • 7a · Gross sales of assets other than inventory

    securities $1,578,778

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

    securities $1,389,810

  • 7c · Gain or loss

    securities $188,968

  • 7d · Net gain or loss

    total $188,968 · excluded $188,968

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $750

  • 11f · Fees: investment management

    total $22,066

  • 13 · Office expenses

    total $416

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $237,777 · end of year $68,183

  • 11 · Investments: publicly traded securities

    beginning of year $4,625,067 · end of year $5,765,393

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,325 · end of year $0

  • 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 $4,859,519 · end of year $5,833,576

Mission and programs · 2024

Mission

THE TRUST FUND IS CREATED, ESTABLISHED AND MAINTAINED, AND THE TRUSTEES AGREE TO RECEIVE FUNDS FROM THE STATE OF NEW YORK AND TO HOLD IT AND ADMINISTER IT BY WAY OF SELF-ADMINISTRATION FOR THE PURPOSE OF PROVIDING AND MAINTAINING CERTAIN WELFARE BENEFITS FOR PARTICIPANTS AND MEMBERS AND DEFRAYING THE REASONABLE EXPENSES OF ADMINISTRATION OF THE PLAN IN ACCORDANCE WITH THE PROVISIONS SET FORTH HEREIN AND IN THE PLAN, AND TO DEVISE AND IMPLEMENT SUCH PROCEDURES AND PROGRAMS AS MAY BE NECESSARY OR FAVORABLE FROM TIME TO TIME TO FULFILL THE FOREGOING OBJECTIVES.

Activities or mission (Part I)

TO PROVIDE HEALTH AND WELFARE BENEFITS TO EMPLOYEES AND RETIRED EMPLOYEES.

  • THE TRUSTEES HAVE ADOPTED THE MEDICAL EXPENSE REIMBURSEMENT PLAN (THE PLAN) TO PROVIDE FOR THE REIMBURSEMENT OF MEDICAL EXPENSES OF RETIRED EMPLOYEES. THE PLAN IS INTENDED TO QUALIFY AS A HEALTH REIMBURSEMENT ARRANGEMENT AS DEFINED BY IRS NOTICE 2002-45. THE ORGANIZATION IS FUNDED BY EMPLOYER CONTRIBUTIONS REQUIRED UNDER PRIOR AND FUTURE COLLECTIVE BARGAINING AGREEMENTS. THE PLAN WILL BE ADMINISTERED BY THE TRUSTEES WITH ASSISTANCE FROM UNION STAFF.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TIMOTHY DYMOND

    TRUSTEE

    Total calculated
    $20,000
    From this org
    $0
    From related orgs
    $20,000
    Other
    $0
    Hours/week
    15 + 61 related

  • WILLIAM DIAZ

    TRUSTEE

    Total calculated
    $4,423
    From this org
    $0
    From related orgs
    $4,423
    Other
    $0
    Hours/week
    3 + 22 related

  • ROBERT LOMBARDI

    TRUSTEE

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    4 + 11.5 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.

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349326783

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