2023-11-15T20:35:46-06:00 2022-12-31 131578842 BUCHBINDER TUNICK & CO LLP ONE PENN PLAZA - SUITE 3200 NEW YORK NY 101190002 990 2022-01-01 133800331 1199SEIU LABOR MANAGEMENT INITIATIVES INC 1199 6464736656 PO BOX 842 NEW YORK NY 10108 MERCEDES MAMBRU CHIEF FINANCIAL OFFICER 6464736656 2023-11-15 1 MERCEDES MAMBRU 999009999 0 MATTHEW SIMON CPA P00293700 2126955003 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MERCEDES MAMBRU 498 SEVENTH AVENUE 5TH FLOOR NEW YORK NY 10018 31677529 0 X HTTP://1199SEIUBENEFITS.ORG X 1995 NY TO IMPROVE LABOR-MANGEMENT RELATIONSHIPS AND TO ACHIEVE BETTER WORKING CONDITIONS FOR EMPLOYEES, A MORE QUALIFIED AND SATISFIED WORKFORCE AND TO MAXIMIZE JOB SECURITY. 26 26 206 26 0 0 0 0 18580857 31458356 0 0 51596 219173 18632453 31677529 0 0 21218136 23389233 0 0 0 0 0 5308654 4805235 26526790 28194468 -7894337 3483061 9531850 16469803 5211469 8666361 4320381 7803442 THE FUND WAS ESTABLISHED TO IMPROVE LABOR-MANGEMENT RELATIONSHIPS AND TO ACHIEVE BETTER WORKING CONDITIONS FOR EMPLOYEES, A MORE QUALIFIED AND SATISFIED WORKFORCE AND TO MAXIMIZE JOB SECURITY. 0 0 THOUGH THE FUND DOES NOT UNDERTAKE PROGRAM SERVICES AND DOES NOT REPORT ANY EXPENSES ON FORM 990, COL (B), THE FUND HAS CREATED A LABOR MANAGEMENT PARTICIPATION PROJECT, A JOINT EMPLOYMENT SERVICE, A RESEARCH PROJECT, A MEDIA PROJECT AND A GRANT PROJECT FOR EMPLOYEES AND EMPLOYERS IN THE HEALTH CARE INDUSTRY. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 60 0 1 206 1 0 0 0 0 0 0 0 0 0 0 X 26 26 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X MERCEDES MAMBRU CFO 6464736656 498 SEVENTH AVENUE 5TH FLOOR NEW YORK NY 10018 X DAVID BRODSKY EMPLOYER TRUSTEE 1.00 2.00 X 0 0 0 JEFFREY COHEN EMPLOYER TRUSTEE 1.00 7.00 X 0 0 0 REBECCA GORDON FORMER EMPLOYER TRUSTEE 1.00 7.00 X 0 0 0 BARBARA GREEN PDD EMPLOYER TRUSTEE 1.00 3.00 X 0 0 0 PAUL STUART EMPLOYER TRUSTEE 1.00 X 0 0 0 BARBARA LOGAN EMPLOYER TRUSTEE 1.00 3.00 X 0 0 0 HUGO PIZARRO EMPLOYER TRUSTEE 1.00 3.00 X 0 0 0 TANYA ISAACS EMPLOYER TRUSTEE 1.00 1.00 X 0 0 0 ROBERT L OLIVER EMPLOYER TRUSTEE 1.00 4.00 X 0 0 0 MARC KRAMER EMPLOYER TRUSTEE 1.00 6.00 X 0 0 0 JACQUELINE ALLEYNE UNION TRUSTEE 1.00 5.00 X 0 0 0 SEAN MOORE UNION TRUSTEE 1.00 5.00 X 0 0 0 YVONNE ARMSTRONG UNION TRUSTEE 1.00 5.00 X 0 0 0 GERARD CADET FORMER UNION TRUSTEE 1.00 X 0 0 0 MARIA CASTANEDA UNION TRUSTEE 1.00 7.00 X 0 0 0 GEORGE GRESHAM UNION TRUSTEE 1.00 6.00 X 0 0 0 MARIA KERCADO FORMER UNION TRUSTEE 1.00 3.00 X 0 0 0 STEVE KRAMER UNION TRUSTEE 1.00 5.00 X 0 0 0 GREG SPELLER UNION TRUSTEE 1.00 1.00 X 0 0 0 VERONICA TURNER UNION TRUSTEE 1.00 5.00 X 0 0 0 MARGARET WEST-ALLEN FORMER UNION TRUSTEE 1.00 X 0 0 0 JANICE REYES TUTIVEN UNION TRUSTEE 1.00 6.00 X 0 0 0 STEPHERN ALLISON EMPLOYER TRUSTEE 1.00 3.00 X 0 0 0 AARON KRANICH EMPLOYER TRUSTEE 1.00 6.00 X 0 0 0 CHRISTENE NATION-JUMPP EMPLOYER TRUSTEE 1.00 2.00 X 0 0 0 STACEY GRAY UNION TRUSTEE 1.00 0.00 X 0 0 0 ADEKEMI GRAY UNION TRUSTEE 1.00 3.00 X 0 0 0 ROBERT MORRIS UNION TRUSTEE 1.00 0.00 X 0 0 0 DAN RATNER UNION TRUSTEE 1.00 3.00 X 0 0 0 MILLY SILVA UNION TRUSTEE 1.00 4.00 X 0 0 0 SANDI VITO EXECUTIVE OFFICER 7.00 2.00 X 81716 248029 154139 VILMA LINARES VAUGHN DEPUTY EXECUTIVE DIRECTOR 7.00 3.00 X 35991 109242 66747 MITRA BEHROOZI CROSS FUNDS EXECUTIVE OFFI 1.00 33.00 X 0 0 0 DONNA S REY CROSS FUNDS EXECUTIVE OFFI 2.00 21.00 X 27050 636568 366781 MERCEDES MAMBRU CHIEF FINANCIAL OFFICER 2.00 21.00 X 11120 261673 172121 LORRAINE MONCHAK CHIEF INVESTMENT OFFICER 1.00 21.00 X 0 1237834 690230 BRANDY D SHILOH CHIEF OF ADMINISTRATION 2.00 3.00 X 25325 595954 339824 STACEY MILLMAN CHIEF COMMUNICATIONS OFFIC 1.00 21.00 X 0 432836 236085 VAN DUNN CHIEF MEDICAL OFFICER 1.00 21.00 X 0 473785 268279 ANGELA SCOTT CHIEF BENEFITS OFFICER 1.00 0.00 X 15354 361319 209408 DILAY ALTINER NBF- PORTFOLIO MANAGER 1.00 0.00 X 0 381632 188471 JOSHUA SORENSEN NBF- PORTFOLIO MANAGER 1.00 0.00 X 0 354522 174664 196556 5093394 2866749 0 0 1 0 PRECISION STRATEGIES LLC 901 NEW YORK AVENUE SUITE 530 WASHINGTON DC 20001 OTHER SERVICES 5584000 SIXTEEN THIRTY FUND 1201 CONNECTICUT AVENUE SUITE 200 WASHINGTON DC 20036 OTHER SERVICES 800000 ARC INITIATIVES 818 CONNECTICUT AVENUE SUITE 200 WASHINGTON DC 20006 OTHER SERVICES 660000 MARRIOTT HOTEL SERVICES INC 333 ADAMS STREET BROOKLYN NY 11201 OTHER SERVICES 372423 TD BANK NA PO BOX 2580 CHERRY HILL NJ 08034 OTHER SERVICES 300953 42 EMPLOYER CONTRIBUTIONS 900099 31458356 31458356 31458356 OTHER INCOME 900099 219173 219173 219173 31677529 31677529 0 0 23389233 21743 33300 40393 473414 213233 SHARED EXPENSES 4023152 28194468 3282541 9366492 182486 183993 601784 380984 19006 215156 1713754 1220039 330729 493715 5115304 5829463 9531850 16469803 2638777 4564893 2572692 4101468 5211469 8666361 X 4320381 7803442 4320381 7803442 9531850 16469803 3483061 0 X X 0 1 X 1 0 304347 283067 21280 1367324 896311 471013 42083 40661 1422 493715 DUE FROM RELATED ENTITIES 5829463 5829463 DUE TO RELATED ENTITIES 4101468 4101468 X 31677529 0 31677529 0 31677529 28194468 0 28194468 0 28194468 PART X, LINE 2: FORM 990, PART IV, LINE 11F: US GAAP REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FUND AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF LIABILITY (OR ASSET) OR DISCLOSURE IN FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2019. X X X 0 1 0 LORRAINE MONCHAK CHIEF INVESTMENT OFFICER 0 1119879 0 0 0 117955 0 259232 0 430998 0 1928064 0 0 DONNA S REY CROSS FUNDS EXECUTIVE OFFI 23529 553702 0 0 3521 82866 2659 141975 9055 213092 38764 991635 0 0 BRANDY D SHILOH CHIEF OF ADMINISTRATION 23033 542029 0 0 2292 53925 2603 121992 8773 206456 36701 924402 0 0 VAN DUNN CHIEF MEDICAL OFFICER 0 408941 0 0 0 64844 0 102616 0 165663 0 742064 0 0 STACEY MILLMAN CHIEF COMMUNICATIONS OFFIC 0 372442 0 0 0 60394 0 93522 0 142563 0 668921 0 0 ANGELA SCOTT CHIEF BENEFITS OFFICER 13436 316172 0 0 1918 45147 1518 78999 5254 123637 22126 563955 0 0 DILAY ALTINER NBF- PORTFOLIO MANAGER 0 381632 0 0 0 0 0 43124 0 145347 0 570103 0 0 JOSHUA SORENSEN NBF- PORTFOLIO MANAGER 0 352346 0 0 0 2176 0 39815 0 134849 0 529186 0 0 SANDI VITO EXECUTIVE OFFICER 77528 235317 0 0 4188 12712 8761 26591 29437 89350 119914 363970 0 0 MERCEDES MAMBRU CHIEF FINANCIAL OFFICER 10976 258289 0 0 144 3384 1240 66458 4257 100166 16617 428297 0 0 VILMA LINARES VAUGHN DEPUTY EXECUTIVE DIRECTOR 33572 101899 0 0 2419 7343 3794 11515 12747 38691 52532 159448 0 0 FORM 990, SCHEDULE J, PART III ALL OFFICERS AND KEY EMPLOYEES ARE PAID BY 1199SEIU LEAGUE TRAINING AND UPGRADING FUND FOR THEIR SERVICES PERFORMED FOR ALL 1199SEIU FUNDS. THEIR SALARY IS THEN ALLOCATED TO EACH FUND BASED ON THE AMOUNT OF SERVICES PROVIDED TO EACH FUND AND IS REPORTED AS IF PAID BY THE FILING ORGANIZATION. THE AMOUNT REPORTED IN SCHEDULE J, PART II LINE (I) REPRESENTS THE AMOUNT ALLOCATED TO 1199SEIU LABOR MANAGEMENT INITIATIVES, INC. AND THE AMOUNTS REPORTED ON LINE (II) REPRESENT THE TOTAL SALARY AND BENEFITS RECEIEVED FOR SERVICES PROVIDED BY ALL OTHER 1199 SEIU FUNDS. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND RECEIVED TAXABLE DISTRIBUTIONS DURING 2022: LORRAINE MONCHAK $123,287 DONNA S. REY $62,569 BRANDY D. SHILOH $51,398 VAN DUNN $52,175 STACEY MILLMAN $47,013 ANGELA SCOTT $35,926 THE ABOVE AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN B (III). THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND RECEIVED DEFERRED CONTRIBUTIONS DURING 2022: LORRAINE MONCHAK $132,686 DONNA S. REY $79,407 MERCEDES MAMBRU $37,271 BRANDY D. SHILOH $60,743 STACEY MILLMAN $51,436 ANGELA SCOTT $43,272 THE ABOVE AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN C. FORM 990, PART VI, SECTION A, LINE 2 ALL OF THE UNION DIRECTORS ARE ALSO EMPLOYEES OF 1199SEIU (THE UNION) AND THEREFORE HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. FORM 990, PART VI, SECTION A, LINE 7A THE UNION DIRECTORS ARE APPOINTED BY 1199SEIU UNITED HEALTHCARE WORKERS EAST, AND THE EMPLOYER DIRECTORS ARE APPOINTED BY THE LEAGUE OF VOLUNTARY HOSPITALS AND HOMES OF NEW YORK. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER AND FINANCE TEAM REVIEWS THE DRAFT FORM 990 AND CONFER WITH THE ACCOUNTANTS AND LEGAL COUNSEL TO ENSURE THE ACCURACY OF THE RETURN. ANY CONCERNS ARE NOTED AND ADDRESSED AND MANAGEMENT ENSURES THAT THE CHANGES ARE INCORPORATED IN THE FORM 990. THE COMPLETED FORM 990 IS THEN SIGNED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE OR UPDATE TO THE EXECUTIVE DIRECTOR, OR DESIGNEE, THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTERESTS. FOR EACH INTEREST DISCLOSED BY A TRUSTEE, THE EXECUTIVE DIRECTOR OR DESIGNEE WILL DETERMINE WHETHER TO (A) TAKE NO ACTION (B) ASSURE FULL DISCLOSURE TO THE TRUSTEE (C) ASK THE TRUSTEE TO BE RECUSED FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS; AND OR (D) ASK THE TRUSTEE TO RESIGN. REGARDING EMPLOYEES, COMPLETED CONFLICTS OF INTEREST DISCLOSURE FORMS WILL BE REVIEWED BY THE HUMAN RESOURCES DEPARTMENT AND DISCLOSED CONFLICTS WILL BE REVIEWED BY HUMAN RESOURCES MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES OF THE FUND IS DETERMINED BY THE CROSS FUNDS COMPENSATION COMMITTEE (THE "COMMITTEE"), COMPRISED OF INDEPENDENT MEMBERS. THE COMMITTEE UTILIZES APPROPRIATE DATA AS TO COMPARABILITY IN ITS DETERMINATIONS, INCLUDING INFORMATION PROVIDED BY INDEPENDENT COMPENSATION CONSULTANTS. THE COMMITTEE DOCUMENTS THE BASIS FOR ANY COMPENSATION DETERMINATIONS CONTEMPORANEOUSLY IN THE MINUTES OF THE COMMITTEE. THE COMMITTEE DETERMINES COMPENSATION PERIODICALLY AS IT DEEMS APPROPRIATE. FORM 990, PART VI, SECTION C, LINE 18 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 SPD AND FINANCIAL REPORTS ARE MADE PUBLIC PURSUANT TO IRS FILING REQUIREMENTS. WRITTEN REQUESTS FOR OTHER INFORMATION WILL BE FORWARDED TO GENERAL COUNSEL'S OFFICE FOR CONSIDERATION. FORM 990, PART VII, SECTION A: ALL OFFICERS AND KEY EMPLOYEES ARE PAID BY THE LEAGUE TRAINING AND UPGRADING FUND FOR THEIR SERVICES PERFORMED FOR THE 1199SEIU FUNDS. THEIR SALARIES ARE THEN ALLOCATED TO EACH FUND BASED ON THE AMOUNT OF SERVICES PROVIDED TO EACH FUND AND IS REPORTED AS IF PAID BY THE FILING ORGANIZATION. FORM 990, PART XII, LINE 2C THE FUND'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART V, LINE 2A: W-2'S ARE ISSUED TO PARTICIPANTS OF THE PLAN WHO RECEIVE DIRECT PAYMENT BENEFITS. 1199SEIU NBF HEALTH AND HUMAN SERV EMPL 498 SEVENTH AVENUE NEW YORK NY 10018 131628401 BENEFIT FUND NY 501(C)(9) N/A 0 1199SEIU HEALTH CARE EMPL PENSION FUND 498 SEVENTH AVENUE NEW YORK NY 10018 133604862 PENSION FUND NY 401(A) N/A 0 1199SEIU TRAINING AND UPGRADING FUND 498 SEVENTH AVENUE NEW YORK NY 10018 132637580 EDUC/TRAINING NY 501(C)(3) 10 N/A 0 1199SEIU JOB SECURITY FUND 498 SEVENTH AVENUE NEW YORK NY 10018 133712851 BENEFIT FUND NY 501(C)(9) N/A 0 1199SEIU LEAGUE RN TRAINING & JSF 498 SEVENTH AVENUE NEW YORK NY 10018 133946135 EDUC/TRAINING NY 501(C)(9) N/A 0 LOCAL EMPLOYER CHILD CARE FUND 498 SEVENTH AVENUE NEW YORK NY 10018 133641466 CHILDCARE NY 501(C)(9) N/A 0 1199SEIU HEALTH CARE INDUSTRY GRANT CORP 498 SEVENTH AVENUE NEW YORK NY 10018 134197609 HEALTHCARE NY 501(C)(3) 10 N/A 0 1199SEIU LICENSED PRACTICAL NURSE WF 498 SEVENTH AVENUE NEW YORK NY 10018 132623987 BENEFIT FUND NY 501(C)(9) N/A 0 1199SEIU EMPLOYEE CHILD CARE CORP 498 SEVENTH AVENUE NEW YORK NY 10018 134063281 DAY CARE CNTR NY 501(C)(3) 7 N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1