2024-08-14T10:18:49-05:00 2023-12-31 470900880 CALIBRE CPA GROUP PLLC 7501 WISCONSIN AVENUE SUITE 1200 WEST BETHESDA MD 20814 990 2023-01-01 134237843 AFL-CIO MUTUAL BENEFIT FUND AFL- 2027789815 1100 FIRST STREET NE 850 WASHINGTON DC 20002 PAUL WHITEHEAD TRUSTEE 2027789815 2024-08-14 1 1 SCOTT E HALLBERG CPA P01081188 2023319880 2023 2024-08-08 14:25:15Z PAUL WHITEHEAD 1100 FIRST STREET NE 850 WASHINGTON DC 20002 5122389 0 X N/A X 2001 DC TO PROVIDE HARDSHIP GRANTS, INTEREST FREE MORTGAGE LOANS AND INSURANCE COVERAGE TO MEMBERS OF UNIONS AND ORGANIZATIONS AFFILIATED WITH THE AFL-CIO. 5 5 0 0 0 0 0 0 556700 224100 1952994 1609828 77744 52480 2587438 1886408 922300 1719934 0 0 0 0 0 0 0 655657 709253 1577957 2429187 1009481 -542779 39500557 42617776 371367 832867 39129190 41784909 TO PROVIDE HARDSHIP GRANTS, INTEREST FREE MORTGAGE LOANS AND INSURANCE COVERAGE TO MEMBERS OF UNIONS AND ORGANIZATIONS AFFILIATED WITH THE AFL-CIO. 0 0 PROVIDED GROUP AND OTHER INSURANCE BENEFITS; PROVIDED INTEREST FREE MORTGAGE LOAN ASSISTANCE TO ELIGIBLE PARTICIPANTS; PROVIDED HARDSHIP ASSISTANCE TO ELIGIBLE PARTICIPANTS. 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X STEPHEN GOLDSMITH 2027789815 1100 FIRST STREET NE 850 WASHINGTON DC 20002 X LORRETTA JOHNSON TRUSTEE 1.00 X 0 0 0 PAUL WHITEHEAD TRUSTEE 1.00 X 0 0 0 GREGORY HAMBLET TRUSTEE 1.00 X 0 0 0 KEVIN STRINGER TRUSTEE 1.00 X 0 0 0 STEVEN FANTAUZZO TRUSTEE 1.00 X 0 0 0 KEN RIGMAIDEN TRUSTEE (RESIGNED 10/2023) 1.00 X 0 0 0 0 0 0 0 0 0 0 0 PROGRAM FEES 900099 209100 209100 HARDSHIP ASSISTANCE 900099 15000 15000 224100 1213626 1213626 3632183 3235981 396202 396202 396202 INTEREST AMORTIZATION - MAP 900099 52480 52480 52480 1886408 276580 0 1609828 1719934 240131 16910 37800 135521 65091 5212 48943 MORTGAGE ASSISTANCE BEN 107902 PROMOTIONAL EXPENSES 51743 2429187 1044749 917958 2106155 3399535 63830 95605 772166 769280 35513657 37435398 39500557 42617776 84000 29000 287367 803867 371367 832867 X 39129190 41784909 39129190 41784909 39500557 42617776 -542779 3198498 0 X 0 1 X 0 0 0 REGISTERED INVESTMENT COMPANIES 37435398 F 37435398 DUE TO UNION PRIVILEGE 803867 803867 X 5146385 3198498 197000 3395498 1750887 135521 135521 1886408 2490666 197000 197000 2293666 135521 135521 2429187 PART X, LINE 2: THE PLAN FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING OF UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE TAX RETURN. THE PLAN PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE AN EFFECT ON ITS TAX EXEMPT STATUS. THE PLAN IS DESIGNED AND OPERATED IN A MANNER SO AS TO BE TREATED AS A MUTUAL BENEFIT LABOR ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE (IRC). THE PLAN HAS BEEN AMENDED AND THE INTERNAL REVENUE SERVICE (IRS) HAS DETERMINED AND INFORMED THE PLAN ADMINISTRATOR BY A LETTER DATED SEPTEMBER 3, 2012 OF THE PLAN'S TAX-EXEMPT STATUS. THE PLAN IS NO LONGER SUBJECT TO FEDERAL AND STATE TAX EXAMINATIONS BY EITHER TAX AUTHORITY FOR YEARS BEFORE THE YEAR ENDED DECEMBER 31, 2020. 1 VETERANS GRANTS 19 19000 UTILITY GRANT 36 36000 DISASTER RELIEF GRANT 118 59000 STRIKE BENEFITS 257 545534 MORTGAGE ASSISTANCE GRANTS 29 35000 DISABILITY GRANTS 400 847300 JOB LOSS GRANTS 231 114500 HOSPITALIZATION GRANTS 53 63600 PART III, COLUMN B THE STRIKE BENEFIT PROVIDES FOR CASH ASSISTANCE TO QUALIFIED UNION MEMBERS ON STRIKE TO PAY THE PRINCIPAL AND INTEREST OF UP TO THREE MONTHS WORTH OF MORTGAGE PAYMENTS TO CHASE HOME FINANCE AND WELLS FARGO HOME MORTGAGE. THE MEMBER IS IN NO WAY OBLIGATED TO PAY BACK THIS BENEFIT, AS IT IS CONSIDERED A GIFT. THE MORTGAGE ASSISTANCE DEATH BENEFITS PROVIDES FOR FORGIVENESS OF DEBT RELATED TO THE UNPAID MORTGAGE ASSISTANCE LOAN BALANCE FOR A MEMBER DUE TO DEATH OF THE MEMBER WHO RECEIVED THE INITIAL BENEFIT. THE MORTGAGE ASSISTANCE GRANT PROVIDES FOR THE FORGIVENESS OF DEBT UP TO THE FIRST $1,000 RELATED TO NEWLY QUALIFIED AND ESTABLISHED MORTGAGE ASSISTANCE LOANS. THE DISABILITY GRANT PROVIDES FOR A PAYMENT DIRECTLY TO THE MEMBER RANGING FROM $1,600-$2,700 DEPENDING ON THE AMOUNT OF INCOME LOSS DUE TO A DISABILITY. THE JOB LOSS GRANT PROVIDES FOR A $500 PAYMENT TO QUALIFIED UNION MEMBERS FOR SUBSTANTIATED INVOLUNTARY JOB LOSS. THE HOSPITALIZATION GRANT PROVIDES $1,200 TO A QUALIFIED APPLICANT TO ASSIST IN PAYING FOR LARGE OUT OF POCKET HOSPITALIZATION EXPENSES. THE VETERANS GRANT PROVIDES $1,000 TO QUALIFIED UNION MEMBERS THAT ARE U.S. SERVICE VETERANS, FOR THE PURCHASE OF THEIR PRIMARY RESIDENCE THROUGH THE UNION PLUS MORTGAGE PROGRAM. THE UTILITY GRANT PROVIDES $1,000 TO USERS OF THE MORTGAGE ASSISTANCE PROGRAM TO HELP PAY UTILITY BILLS IN ORDER TO EASE THE BURDEN OF UNION FAMILIES FACING HARDSHIP DUE TO STRIKE, LOCKOUT, DISABILITY OR UNEMPLOYMENT. THE DISASTER RELIEF GRANT PROVIDES FOR A $500 PAYMENT TO QUALIFIED UNION MEMBERS WHO SUSTAINED A LOSS FROM A NATURAL DISASTER. FORM 990, PART VI, SECTION A, LINE 8B THE TRUST HAS NEVER ESTABLISHED OR APPOINTED COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING WITH THE IRS, A COPY OF THE FORM 990 IS PROVIDED TO ALL TRUSTEES AND GENERAL COUNSEL FOR THE FUND. QUESTIONS REGARDING THE FORM 990, IF ANY, ARE ADDRESSED AND RESOLVED BY ALL INTERESTED PARTIES PRIOR TO THE FINAL APPROVAL BY THE SIGNING TRUSTEE. FORM 990, PART VI, SECTION B, LINE 12C THE PLAN IS MAINTAINED AND ADMINISTERED IN ACCORDANCE WITH ERISA SECTIONS 404 AND 406 AND THE PLAN'S "CONFLICT OF INTEREST" POLICY IS DESCRIBED IN THOSE SECTIONS. SINCE FIDUCIARIES ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AND RECUSE THEMSELVES FROM DECISIONS INVOLVING CONFLICTS, THE TRUSTEES THEREFORE MONITOR AND ENFORCE THE FUND'S COMPLIANCE WITH ERISA WITH THE ASSISTANCE OF THE FUND'S PROFESSIONALS AND THIRD PARTY ADMINISTRATOR. FORM 990, PART VI, SECTION C, LINE 19 THE PLAN MAKES AVAILABLE FOR INSPECTION BY THE PUBLIC UPON REQUEST AT THE THIRD PARTY PLAN ADMINISTRATOR'S OFFICE: THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS OF THE PLAN.