2023-08-01T15:46:35-05:00 2022-12-31 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2022-01-01 236737795 TEAMSTERS UNION LOCAL 331 HEALTH & WELFARE TRUST FUND TEAM 6094850837 1 PHILADELPHIA AVENUE EGG HARBOR CITY NJ 082151168 MARCUS KING TRUSTEE 6094850837 2023-08-01 1 MARCUS KING 999009999 1 PATRICK M TROMBETTA CPA P00450410 9082727000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARCUS KING 1 PHILADELPHIA AVENUE EGG HARBOR CITY NJ 08215 127410 0 X N/A X 1983 NJ TO PROVIDE BENEFITS TO UNION MEMBERS. THESE BENEFITS INCLUDE HEALTH & WELFARE BENEFITS, SCHOLARSHIPS, TRAINING & LEGAL SERVICES 4 4 1 0 0 0 0 0 91008 91525 30210 25535 0 10350 121218 127410 0 0 74702 59269 29479 23035 0 0 0 51719 54663 155900 136967 -34682 -9557 928999 804007 2170 7604 926829 796403 TO PROVIDE BENEFITS TO UNION MEMBERS. THESE BENEFITS INCLUDE HEALTH & WELFARE BENEFITS, SCHOLARSHIPS, TRAINING & LEGAL SERVICES 0 0 TO PROVIDE BENEFITS TO UNION MEMBERS. THESE BENEFITS INCLUDE HEALTH & WELFARE BENEFITS, SCHOLARSHIPS, TRAINING & LEGAL SERVICES 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X TRUSTEES 6094850837 1 PHILADELPHIA AVENUE EGG HARBOR CITY NJ 08215 MARCUS KING TRUSTEE 2.00 X 0 113366 82773 ABIMAEL ORTIZ TRUSTEE 2.00 X 0 73066 71086 THOMAS RITTER TRUSTEE 2.00 X 0 0 0 LUIS FONSECA TRUSTEE 2.00 X 0 0 0 RENEE TURNER-INMAN TRUSTEE 2.00 X 0 0 0 0 186432 153859 0 0 1 0 0 EMPLOYERS' CONTRIBUTIO 525100 91525 91525 91525 25535 25535 SCHOLARSHIP BANQUET IN 900099 10350 10350 10350 127410 101875 0 25535 59269 8156 7739 6416 724 5910 15000 800 1334 7119 12454 3724 SCHOLARSHIP BANQUET EXP 8322 136967 103162 163494 16822 25684 5769 3935 803246 607160 0 3734 928999 804007 0 3870 2170 3734 2170 7604 X 0 0 0 0 926829 796403 926829 796403 928999 804007 X -9557 -121431 562 X X 0 1 X 1 0 0 LEASE LIABILITIES 3734 3734 X 5979 -121431 -121431 127410 0 127410 136967 0 136967 0 136967 PART X, LINE 2: THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLANS NET ASSETS IS QUALIFIED PURSUANT TO SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE ("IRC") AND, ACCORDINGLY, THE TRUSTS NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE PLAN HAD OBTAINED A FAVORABLE TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE AND THE PLANS MANAGEMENT BELIEVES THAT THE TRUST, AS AMENDED, CONTINUES TO OPERATE AS DESIGNED. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN 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 A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. X 0 0 0 MARCUS KING TRUSTEE 0 113366 0 0 0 0 0 54824 0 27949 0 196139 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE TRUSTEES ARE PROVIDED A COPY OF THE FORM 990 PRIOR TO ISSUANCE. AFTER REVIEW OF THE FORM IT IS SIGNED & FORWARDED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FUND IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT (ERISA) WHICH OUTLINES PROHIBITIVE TRANSACTIONS BETWEEN PARTIES IN INTEREST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, & FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PRIOR PERIOD ADJUSTMENT 562. FORM 990, PART XII, LINE 2C THE BOARD OF TRUSTEES HAS RESPONSIBILITY FOR OVERSEEING THE AUDIT AND FOR THE SELECTION OF THE INDEPENDENT AUDITOR. TEAMSTERS LOCAL UNION 331 SEVERANCE TRUST FUND 1 PHILADELPHIA AVENUE EGG HARBOR CITY NJ 082151168 236737793 TO PROVIDE SEVERANCE BENEFITS TO PARTICIPANTS NJ 401(A) N/A 0 INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL UNION 331 1 PHILADELPHIA AVENUE EGG HARBOR CITY NJ 082151168 210577323 TO SECURE BETTER WAGES, WORKING CONDITIONS, & BENEFITS THROUGH CBA NJ 501(C)(5) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0