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Nonprofiteer
← JOINT BENEFIT TRUST

Form 990 for tax year 2023

Filed by JOINT BENEFIT TRUST.

Totals

Total revenue
$47,151,511
Total expenses
$50,882,859
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$45,543,491
Investment income
$1,573,284
Other revenue
$34,736
Total assets, end of year
$59,173,548
Total liabilities, end of year
$10,879,686
Net assets or fund balances, end of year
$48,293,862
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: EMPLOYER CONTRIBUTIONS

    total $39,954,414 · related or exempt $39,954,414

  • 2b · Program service revenue: STOP-LOSS RECOVERY

    total $3,217,221 · related or exempt $3,217,221

  • 2c · Program service revenue: PRESCRIPTION REBATE INCOME

    total $1,975,916 · related or exempt $1,975,916

  • 2d · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $395,940 · related or exempt $395,940

  • 3 · Investment income

    total $1,369,308 · excluded $1,369,308

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $17,895,335

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

    securities $17,691,359

  • 7c · Gain or loss

    securities $203,976

  • 7d · Net gain or loss

    total $203,976 · excluded $203,976

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $34,736 · related or exempt $34,736

  • 11e · Other revenue, total

    $34,736

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $46,060,075

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $3,012,840

  • 11b · Fees: legal

    total $138,057

  • 11c · Fees: accounting

    total $160,180

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $167,580

  • 11g · Fees: other

    total $1,135,348

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $104,852

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $21,994

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $55,995

  • 24a · Other expenses: PCORI TAX

    total $24,513

  • 24b · Other expenses: OTHER EXPENSES

    total $1,425

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,460,340 · end of year $2,732,068

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $6,708,860 · end of year $6,995,441

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,193 · end of year $47,544

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $50,479,257 · end of year $49,398,495

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $111,194 · end of year $142,389

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $7,356,612 · end of year $10,737,297

  • 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 $51,232,844 · end of year $48,293,862

Mission and programs · 2023

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.

Activities or mission (Part I)

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.

  • HEALTH AND WELFARE BENEFITS PROVIDED UNDER COLLECTIVE BARGAINING FOR PARTICIPANTS.

As filed on the 2023 return.

Listed in Part VII

  • ASHLEY ALVARADO

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • STACEY CUE

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • LUIS DIAZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5

  • PETER FINN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5

  • JP BRADLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5

  • JOTI AULAK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5

  • ADAM SROUFE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5

  • CRESCENCIO DIAZ

    TRUSTEE - TERM. 4/2024

    Total calculated
    $0
    Hours/week
    2.5

  • VERONICA DIAZ

    TRUSTEE - EFF. 4/2024

    Total calculated
    $0
    Hours/week
    2.5

  • SEE SCH O FOR COMPENSATION

    PAID BY RELATED ORGANIZATIONS

    Total calculated
    $0
    Hours/week
    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.

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.

  • A&W CONCENTRATES INC

    CONTRIBUTING ER

  • CONAGRA FOODS

    CONTRIBUTING ER

  • BEECH-NUT CORP

    CONTRIBUTING ER

  • BORDEN HOLDINGS

    CONTRIBUTING ER

  • SENECA FOODS CORP

    CONTRIBUTING ER

  • DIXON CANNING CORP

    CONTRIBUTING ER

  • ESCALON PREMIUM BRANDS

    CONTRIBUTING ER

  • GERBER PRODUCTS COMPANY

    CONTRIBUTING ER

  • H J HEINZ COMPANY

    CONTRIBUTING ER

  • C&S WHOLESALE GROCERS

    CONTRIBUTING ER

  • HORMEL FOODS CORP

    CONTRIBUTING ER

  • OLAM SPICES AND VEGETABLE

    CONTRIBUTING ER

  • PACIFIC COAST PRODUCERS

    CONTRIBUTING ER

  • TOMOPCO INC

    CONTRIBUTING ER

  • UNILEVER

    CONTRIBUTING ER

  • STANISLAUS FOOD PRODUCTS

    CONTRIBUTING ER

  • SUN GARDEN PACKING CO

    CONTRIBUTING ER

  • TILLIE LEWIS

    CONTRIBUTING ER

  • CAMPBELL SOUP COMPANY

    CONTRIBUTING ER

  • UNION LOCAL 856

    CONTRIBUTING ER

  • TEAMSTERS CA STATE COUNCIL

    CONTRIBUTING ER

Provenance

Return type
form_990
Tax year
2023
Filed
31 January 2025
IRS schema version
2023v6.0
Source object
202500489349301920

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