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← TEAMSTERS AND FOOD EMPLOYERS SECURITY TRUST FUND

Form 990 for tax year 2023

Filed by TEAMSTERS AND FOOD EMPLOYERS SECURITY TRUST FUND.

Totals

Total revenue
$137,053,618
Total expenses
$126,569,252
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$126,628,515
Investment income
$1,458,118
Other revenue
$8,966,985
Total assets, end of year
$73,749,659
Total liabilities, end of year
$10,841,517
Net assets or fund balances, end of year
$62,908,142
Program services expenses (Part IX)
$126,569,252
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$126,569,252

Program services were 100.0% 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 $120,869,847 · related or exempt $120,869,847

  • 2b · Program service revenue: RETIREE CONTRIBUTIONS

    total $5,576,748 · related or exempt $5,576,748

  • 2c · Program service revenue: COBRA CONTRIBUTIONS

    total $181,920 · related or exempt $181,920

  • 3 · Investment income

    total $1,458,118 · excluded $1,458,118

  • 11a · Other revenue: PRESCRIPTION REBATES

    total $7,803,397 · related or exempt $7,803,397

  • 11b · Other revenue: RETIREE PRESCRIPTION SUBSIDY

    total $1,022,244 · related or exempt $1,022,244

  • 11c · Other revenue: STOP LOSS RECOVERIES

    total $141,344 · related or exempt $141,344

  • 11e · Other revenue, total

    $8,966,985

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $120,517,507 · program services $120,517,507

  • 11a · Fees: management

    total $2,933,229 · program services $2,933,229

  • 11b · Fees: legal

    total $212,647 · program services $212,647

  • 11c · Fees: accounting

    total $25,000 · program services $25,000

  • 13 · Office expenses

    total $333,748 · program services $333,748

  • 19 · Conferences, conventions and meetings

    total $7,869 · program services $7,869

  • 23 · Insurance

    total $58,668 · program services $58,668

  • 24a · Other expenses: ADMINISTRATION - RX

    total $1,436,415 · program services $1,436,415

  • 24b · Other expenses: PPO NETWORK

    total $619,295 · program services $619,295

  • 24c · Other expenses: CONSULTANTS

    total $272,435 · program services $272,435

  • 24d · Other expenses: ADMINISTRATION - VSP

    total $67,352 · program services $67,352

  • 24e · All other expenses

    total $85,087 · program services $85,087

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,047,090 · end of year $10,967,172

  • 4 · Accounts receivable

    beginning of year $6,457,810 · end of year $10,334,296

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,108 · end of year $50,743

  • 11 · Investments: publicly traded securities

    beginning of year $26,851,465 · end of year $52,397,448

  • 17 · Accounts payable and accrued expenses

    beginning of year $346,653 · end of year $525,227

  • 25 · Other liabilities

    beginning of year $9,380,909 · end of year $10,316,290

  • 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 $51,635,911 · end of year $62,908,142

Mission and programs · 2023

Mission

HEALTH & WELFARE BENEFITS PROVIDED TO MEMBERS WHO ARE COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN UNION AND EMPLOYERS

Activities or mission (Part I)

HEALTH & WELFARE BENEFITS PROVIDED TO MEMBERS WHO ARE COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN UNION AND EMPLOYERS.

  • HEALTH & WELFARE BENEFITS PROVIDED TO MEMBERS WHO ARE COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN UNION AND EMPLOYERS

    Expenses $126,569,252

As filed on the 2023 return.

Listed in Part VII

  • Brent Bohn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Frank Afoa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Lourdes Garcia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Eric Tate

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Sonya Munoz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Leroy Westmoreland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

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.

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.

  • ALBERTSON'S

    C · RETAIL GROCERS · CA

  • STATER BROS

    C · RETAIL GROCERS · CA

  • RALPH'S

    C · RETAIL GROCERS · CA

Provenance

Return type
form_990
Tax year
2023
Filed
10 October 2024
IRS schema version
2023v5.1
Source object
202442859349301809

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