Employee Welfare Plan Local 734 in Jersey City, New Jersey (NJ)

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Employee Welfare Plan Local 734
Employer Identification Number (EIN)221585776
Name of OrganizationEmployee Welfare Plan Local 734
Address3218 Kennedy Blvd, Jersey City, NJ 07306-3416
ActivitiesEmployee or member welfare association
SubsectionVoluntary Employees' Beneficiary Association (Non-Govt. Emps.)
Ruling Date10/1956
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period05/2014
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$481,789
Amount of Income$485
Form 990 Revenue Amount$485
National Taxonomy of Exempt Entities (NTEE)Mutual/Membership Benefit Organizations, Other: Voluntary Employees Beneficiary Associations (Non-Government)


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Amount of income in 2014: $485
Employee Welfare Plan Local 734: 

 $485
Other organizations performing similar types of work: 

 $15,763,180

Assets in 2014: $481,789
This organization: 

 $481,789
Other organizations performing similar types of work: 

 $11,878,897

Expenses in 2013: $8,440
This organization: 

 $8,440
Other organizations performing similar types of work: 

 $9,981,586

Income to expenses ratio in 2013: 0.1
This organization: 

 0.1
Other organizations performing similar types of work: 

 1.2

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$50,852$12,653$489
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$852$544$489
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$50,000$12,109$0
Total expenses$3,342$600$8,440
Total net assets$477,727$489,780$481,829
Excess/Deficit for the year$47,510$12,053$-7,951
Net assets or fund balances at beginning of year$430,217$477,727$489,780
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$489,780$481,829
Balance Sheets
201120122013
Total assets$482,727$492,780$484,829
Total liabilities$5,000$3,000$3,000
Net assets or fund balances$477,727$489,780$481,829
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004
Total revenue$12,374,268$12,926,366$11,843,111$11,550,617$11,480,085
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0
Contributions to donor advised funds
Direct public support$0$0$0$0$0
Indirect public support$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0
Program service revenue including government fees and contracts$9,986,841$9,959,032$9,341,875$10,022,027$11,222,034
Membership dues and assessments$0$0$0$0$0
Interest on savings and temporary cash investments$36,963$90,878$11,558$11,573$7,391
Dividends and interest from securities$1,699,877$1,362,212$1,039,082$617,137$337,104
Net rental income or (loss)$0$0$0$0$0
Gross rents$0$0$0$0$0
Less: rental expenses$0$0$0$0$0
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$73,324$582,424$717,009$78,145$-86,444
Gross amount from sales of assets other than inventory$17,418,914$37,238,424$22,159,210$36,123,178$8,194,048
Less: cost or other basis and sales expenses$17,345,590$36,656,000$21,442,201$36,045,033$8,280,492
Net income or (loss) from special events and activities$0$0$0$0$0
Gross revenue$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0
Other revenue$577,263$931,820$733,587$821,735$0
Total expenses$15,062,416$14,990,035$16,114,620$19,403,598$14,103,407
Program services$0$0$0$0$0
Management and general$0$0$0$0$0
Fundraising$0$0$0$0$0
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$28,188,925$26,086,155$22,232,745$13,636,252$6,927,693
Excess or (deficit) for the year$-2,688,148$-2,063,669$-4,271,509$-7,852,981$-2,623,322
Net assets or fund balances at beginning of year$26,811,406$28,188,925$26,086,155$22,232,745$13,636,252
Other changes in net assets or fund balances$4,065,667$-39,101$418,099$-743,512$-4,085,237
Statement of Functional Expenses (for 2004)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$14,103,407$0$0$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$12,242,793
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$642,453$0$0$0
Pension plan contributions not included above$73,837$0$0$0
Employee benefits not included above$80,963$0$0$0
Payroll taxes$26,187$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$152,238$0$0$0
Legal fees$279,886$0$0$0
Supplies$139,932$0$0$0
Telephone$16,275$0$0$0
Postage and shipping$9,900$0$0$0
Occupancy$66,401$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$22,904$0$0$0
Conferences, conventions, and meetings$3,304$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$47,196$0$0$0
Other expenses not covered above$299,138$0$0$0
Balance Sheets
20002001200220032004
Total assets$28,262,529$26,180,436$22,370,868$13,906,882$10,936,463
Cash - non-interest-bearing$218,348$519,450$345,088$250$262,424
Savings and temporary cash investments$1,435,130$2,253,675$1,806,866$458,873$215,930
Accounts receivable less allowance for doubtful accounts$1,559,757$1,372,369$1,464,193$1,372,121$1,372,971
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0
Grants receivable$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0
Prepaid expenses and deferred charges$111,440$97,298$107,080$95,117$28,844
Investments - publicly-traded securities
Investments - other securities$24,794,418$21,829,576$18,547,398$11,856,834$8,805,751
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$143,436$108,068$100,243$123,687$121,991
Other assets, including program-related investments$0$0$0$0$128,552
Total liabilities$73,604$94,281$138,123$270,630$4,008,770
Accounts payable and accrued expenses$73,604$79,209$122,822$257,225$98,770
Grants payable$0$0$0$0$0
Deferred revenue$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0
Other liabilities$0$15,072$15,301$13,405$3,910,000
Total liabilities and net assets/fund balances$28,262,529$26,180,436$22,370,868$13,906,882$10,936,463
Total net assets or fund balances$28,188,925$26,086,155$22,232,745$13,636,252$6,927,693
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004
Total revenue$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0
Other expenses$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0
Other$0$0$0$0$0
Other revenue$0$0$0$0$0
Investment expenses$0$0$0$0$0
Other$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004
Total expenses$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0
Other revenue$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$0$0$0$0$0
Other expenses$0$0$0$0$0
Investment expenses$0$0$0$0$0
Other$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200614
Analysis of Income-Producing Activities (for 2004)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$258,051$11,222,034
Program service revenue
Program service revenue 1000000$000$0$11,094,137
Program service revenue 2000000$000$0$113,118
Program service revenue 3000000$000$0$14,779
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$7,391$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$337,104$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-86,444$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2004)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2004)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2004)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
19992000200120022003
Total$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0
Membership fees received$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2004)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Delta Dental Plan Of New Jersey1639 Rt 10, Parsippany, NJ 07054-4506NJ1971-11$688,054,711
2American Water Works Company Inc Post Retirement Medical Trust1025 Laurel Oak Rd, Voorhees, NJ 08043-3506NJ1995-06$684,509,825
3Roche Employee Welfare Benefits Tr150 Love Rd, Little Falls, NJ 07424NJ1978-02$448,140,341
4Automatic Data Processing Inc And Susidiaries Empl Welfare Bnft TrOne Adp Boulevard Ms 433, Roseland, NJ 07068-1728NJ1988-02$337,830,017
5Merck & Co Inc Employee Benefits Trust2000 Galloping Hill Rd K5 3008a, Kenilworth, NJ 07033-1310NJ1981-09$289,341,984
6Marsh & Mclennan Companies Employer Funded Welfare Benefit Trust121 River Street, Hoboken, NJ 07030-5982NJ1982-10$246,446,648
7Operating Engineers Local 825 Welfare Fund65 Springfield Ave, Springfield, NJ 07081-1308NJ1952-11$197,552,102
8New Jersey Carpenters Welfare FundRaritan Plaza Ii Raritan Centerpo, Edison, NJ 08818NJ1958-04$186,934,545
9Lucent Technologies Inc Postretirment Welfare Benefits Tru, St For Represented EmployeesC/O Karen Alexander 600 Mountain A, Murray Hill, NJ 07974NJ1998-11$186,443,087
10Teamsters Managed Health Care Trust, Blasquez Ray TteePO BOX 757, Pleasanton, CA 94566-0075CA1991-10$58,641,034
11United Food & Commercial Workers Local 1000 & Kroger Dallas Health2010 Nw 150th Ave Ste 100, Pembroke Pnes, FL 33028-2888FL1998-06$42,032,340
12The Sealy Flexible Benefit Plan1 Office Parkway Rd, Trinity, NC 27370-9449NC1979-09$29,284,783
13Teamsters Retiree TrustPO BOX 2330, Stockton, CA 95201-2330CA1994-08$27,152,357
14Sheet Metal Workers 16 Health And Welfare FundPO BOX 4148, Portland, OR 97208-4148OR1955-12$20,130,012
15Ufcw & Employers Health & Welfare T Rust Fund3100 Broadway, Kansas City, MO 64111-2658MO1960-12$19,309,932
16Usw District 10 Local 286 Welfare Trust Fund410 N 8th St, Philadelphia, PA 19123-3903PA1968-02$16,102,246
17United Assn Of Journeymen & Apprntc, 198 Hlth & Welfr FundPO BOX 52749, Baton Rouge, LA 70892-2749LA1961-03$8,415,921
18The Nml Benefit Plans TrustPO BOX 3171, Milwaukee, WI 53201-3171WI2007-09$3,344,810
19Teamsters Union No 142 Health & Welfare Trust Fund1300 Clark Rd, Gary, IN 46404-1644IN1954-11$2,391,317
20Lucent Technologies Inc Post Retmt Welfare Benifits Tr For Non Rep EmC/O Karen Alexander 600 Mountain A, Murray Hill, NJ 07974NJ2011-05$264,091,981
Number of organizations performing similar types of work
Alaska4
Alabama13
Arkansas6
Arizona19
California214
Colorado19
Connecticut44
District of Columbia23
Delaware6
Florida40
Georgia41
Hawaii21
Iowa25
Idaho5
Illinois226
Indiana45
Kansas18
Kentucky22
Louisiana10
Massachusetts79
Maryland58
Maine4
Michigan100
Minnesota79
Missouri75
Mississippi6
Montana7
North Carolina46
North Dakota6
Nebraska12
New Hampshire5
New Jersey130
New Mexico3
Nevada17
New York321
Ohio133
Oklahoma13
Oregon39
Pennsylvania198
Rhode Island19
South Carolina6
South Dakota2
Tennessee45
Texas112
Utah16
Virginia31
Vermont1
Washington66
Wisconsin62
West Virginia13
Wyoming1
International1
Total2,507

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