Pressmen Welfare Fund

Not tax-deductible

Sparks, MDMutual-benefit / member-servingEIN 23-7092745

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To provide medical, dental and other Welfare benefits to union membership in accordance with collectively bargained agreement

$59K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $218K a year · 13% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$59K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$27K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
-7% vs prior year
Spent
$2.1M
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$2.0M
FY2024▼ -7%
Revenue by fiscal year
FY2020$1.5M
FY2021$1.4M
FY2022$1.7M
FY2023$2.1M
FY2024$2.0M
Expenses
$2.1M
FY2024▲ +1%
Expenses by fiscal year
FY2020$1.9M
FY2021$1.8M
FY2022$1.9M
FY2023$2.1M
FY2024$2.1M
Net assets
$1.2M
FY2024+0.4%
Net assets by fiscal year
FY2020$1.9M
FY2021$1.7M
FY2022$1.3M
FY2023$1.2M
FY2024$1.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1971.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

8 people listed on the 990; $59K paid to officers and key staff.

Part VII, Section A · reportable compensation
Union Trustee
$45,687Pt VII · Sec A
Union Trustee (thru 5/11/24)
$9,462Pt VII · Sec A
Union Trustee
$3,720Pt VII · Sec A
Union Trustee (eff 07/19/2024)
$0Pt VII · Sec A
Er Ttee (eff 12/11/2024)
$0Pt VII · Sec A
Employer Trustee
$0Pt VII · Sec A
Employer Trustee
$0Pt VII · Sec A
Er Ttee (thru 12/10/2024)
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2020
Paul S Atwill——$50,003
Janice Bort$45,687$42,634$45,871
Paul Atwill$9,462$13,995—
Dennis Larkin$3,720——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Pressmen Welfare Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers medical, dental, and welfare benefits to union members as agreed in contracts.

Provided by the organization

This section is blank until Pressmen Welfare Fund claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

Provided health care, vision, prescription drugs, disability and death benefits administered in accordance with collectively bargained agreements for members of washington printing pressmen, assistants and offset workers L.U. No. 72.

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$23K
Money outPt IX
$2.1M
Ln 25
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$122K
Total assetsLn 16$1.3M
LiabilitiesLn 26$27K
PeoplePt VI, VII
8
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$23K
Gains on assetsLn 7$0
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$122K
SavingsLn 2$0
Cash and savings togetherLn 1–2$122K
InvestmentsLn 11–13$949K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.3M
LiabilitiesLn 26$27K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$229K$122K
InvestmentsLn 11–13$810K$949K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$7K$27K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$1.9M
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$124K
Legal feesLn 11b$55K
Accounting feesLn 11c$18K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$8K
Advertising and promotionLn 12$0
Office expensesLn 13$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$6K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$4K
Total functional expensesLn 25$2.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.0M$2.1M−$118K$1.2M 990 PDF
FY2023 $2.1M$2.1M$50K$1.2M 990 PDF
FY2022 $1.7M$1.9M−$261K$1.3M 990 PDF
FY2021 $1.4M$1.8M−$376K$1.7M 990 PDF
FY2020 $1.5M$1.9M−$384K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,973,700 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,950,406$1,950,406
VIII-3 Investment incomeExcluded from tax $23,294$23,294
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,950,406 · Unrelated business $0 · Excluded from tax $23,294$1,973,700
Part IX · Statement of functional expenses $2,092,121 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$1,867,995
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$123,623
IX-11b Legal fees$54,768
IX-11c Accounting fees$18,162
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$8,500
IX-12 Advertising and promotion$0
IX-13 Office expenses$1,465
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$5,923
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$7,201
IX-24 Other expenses (24a–d)$4,484
IX-25 Total functional expenses$2,092,121
Part X · Balance sheet $1,265,354 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $229,472$122,258
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $192,913$192,405
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $7,418$1,605
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $810,358$949,086
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $1,240,161$1,265,354
X-17 Accounts payable and accrued expensesStart of year $6,582$26,730
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $6,582$26,730
X-32 Total net assets or fund balancesStart of year $1,233,579$1,238,624
X-33 Total liabilities and net assetsStart of year $1,240,161$1,265,354
Part XI · Reconciliation of net assets $1,238,624 net assets at year end
XI-1 Total revenue$1,973,700
XI-2 Total expenses$2,092,121
XI-3 Revenue less expenses−$118,421
XI-4 Net assets at start of year$1,233,579
XI-5 Net unrealized gains (losses) on investments$123,466
XI-10 Net assets at end of year$1,238,624

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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