2014-03-22T12:02:02-05:00 2012-06-30 135381590 BDO USA LLP 100 PARK AVENUE 9TH FLOOR NEW YORK NY 10017 990 2011-07-01 132928869 BUILDING SERVICE 32BJ HEALTH FUND BUIL 2125392778 25 WEST 18TH STREET NEW YORK NY 100114676 HOWARD ROTHSCHILDHECTOR FIGUEROA 2125392778 2014-03-22 1 JAMES P WETZOLD P00229911 2128858000 2011 2016-03-07 17:11:31Z X HOWARD ROTHSCHILDHECTOR 25 WEST 18TH STREET NEW YORK NY 100114676 1022041455 0 X WWW.32BJFUNDS.COM X 501(C)(9) 1978 NY ESTABLISHED TO PROVIDE HEALTH BENEFITS (MEDICAL, HOSPITAL, PRESCRIPTION, DENTAL, VISION, EMPLOYEE ASSISTANCE PROGRAM, DISEASE MANAGEMENT), DEATH BENEFITS, LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT AND LONG-TERM DISABILITY TO ITS ELIGIBLE PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS (IF PROVIDED FOR IN THE COLLECTIVE BARGAINING AGREEMENT), IN ACCORDANCE WITH THEIR CONTROLLING PLAN DOCUMENTS. 8 8 508 0 0 0 0 0 848826950 904245688 5674407 3037760 4215177 4215628 858716534 911499076 0 0 734466927 773130781 16551681 17007097 0 0 0 17526562 28860746 768545170 818998624 90171364 92500452 660249314 763963227 124630393 123718509 535618921 640244718 X ESTABLISHED TO PROVIDE HEALTH BENEFITS (MEDICAL, HOSPITAL, PRESCRIPTION, DENTAL, VISION, EMPLOYEE ASSISTANCE PROGRAM, DISEASE MANAGEMENT), DEATH BENEFITS, LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT AND LONG-TERM DISABILITY TO ITS ELIGIBLE PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS (IF PROVIDED FOR IN THE COLLECTIVE BARGAINING AGREEMENT), IN ACCORDANCE WITH THEIR CONTROLLING PLAN DOCUMENTS. 0 0 THE PLAN PROVIDES VARIOUS HEALTH BENEFITS TO APPROXIMATELY 98,600 ELIGIBLE PARTICIPANTS. 0 0 0 0 0 0 0 0 0 1 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 0 1 911 0 508 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ALAN LANGER CONTROLLER 2123883489 25 WEST 18TH STREET NEW YORK NY 100114676 MICHAEL FISHMAN 1.00 X 0 0 0 KEVIN DOYLE 1.00 X 0 0 0 HECTOR FIGUEROA 1.00 X 0 0 0 BRIAN LAMBERT 1.00 X 0 0 0 HOWARD ROTHSCHILD 1.00 X 0 0 0 CHARLES DOREGO 1.00 X 0 0 0 JOHN SANTORA 1.00 X 0 0 0 FRED WARD 1.00 X 0 0 0 SUSAN COWELL 18.00 X 128243 88201 22058 PETER GOLDBERGER 22.00 X 114321 69094 20114 LAZARO GONZALEZ 23.00 X 124978 85955 21836 ANGELO DASCOLI 35.00 X 214617 0 21860 BARBARA CARESS 21.00 X 117143 70800 20064 MARGARET NAPIER 17.00 X 78719 102093 20459 IMTIAZ ALUR MOHAMMAD 24.00 X 124398 38816 18872 PETER HAMARICH 20.00 X 99982 65943 19512 RANDI FARBER 13.00 X 123010 55685 19913 1125411 576587 184688 39 0 1 0 EMPIRE BLUE CROSS BLUE SHIELD 3 HUNTINGTON QUADRANGLE MELVILLE NY 11747 MEDICAL CLAIMS ADMINISTRATION 16462266 CIGNA 900 COTTAGE GROVE ROAD BLOOMFIELD CT 06002 MEDICAL CLAIMS ADMINISTRATION 9426131 UNITED HEALTH CARE 5015 CAMPUSWOOD DRIVE SUITE 303 E NEW YORK NY 13057 MEDICAL CLAIMS ADMINISTRATION 2177708 RAAB STURM & GANCHROW LLP 317 MADISON AVENUE NEW YORK NY 10017 LEGAL SERVICES 1740726 ADMINISTRATIVE SERVICES ONLY INC 303 MERRICK ROAD LYNBROOK NY 11563 DENTAL ADMINISTRATION 1425628 22 EMPLOYERS CONTRIBUTION 900099 897419389 897419389 RENTS FROM EXEMPT AFFI 900099 5220289 5220289 PARTICIPANTS CONTRIBUT 900099 1606010 1606010 904245688 2765920 2765920 599361 2139089 -1539728 -1539728 -1539728 108675130 108403290 271840 271840 271840 INTEREST INCOME - EMPL 900099 2576326 2576326 LIQUIDATED DAMAGES - E 900099 2496469 2496469 OTHER INCOME 900099 682239 682239 322 322 5755356 911499076 908733156 0 2765920 773130781 1299842 11046666 1432651 2150215 1077723 2942752 129928 275458 329886 17659981 77387 35640 2198996 214138 PAYROLL AUDITING 1644861 CONSULTING 1346011 PUBLICATIONS 567824 TELEPHONE 237940 1199944 818998624 25513656 201436405 195425116 14677401 84402250 91204800 3532762 2302315 46675961 2896833 25637013 43779128 314261269 390444201 11477248 20118977 660249314 763963227 8451244 5177838 116179149 118540671 124630393 123718509 X 0 0 0 0 535618921 640244718 535618921 640244718 660249314 763963227 X 92500452 12125345 X X 0 1 1 X 0 31710871 799049 30911822 14965090 2097784 12867306 43779128 OBLIGATION UNDER CAPITAL LEASE 1683225 DUE TO AFFILIATES 1106542 DEFERRED COMPENSATION 104547 LEASE INCENTIVE OBLIGATION 11984400 DEFERRED RENT 10285673 DUE TO BROKER FOR SECURITIES PURCHASED 48884 CLAIMS PAYABLE AND CLAIMS INCURRED BUT NOT REPORTED 93327400 118540671 911499076 818998624 92500452 14159278 -2033933 12125345 104625797 921702336 14159278 14159278 907543058 275458 3680560 3956018 911499076 834433501 0 834433501 275458 -15710335 -15434877 818998624 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: U.S. GAAP REQUIRES FUND 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 FEDERAL, STATE AND/OR LOCAL TAXING AUTHORITIES. THE ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF JUNE 30, 2012, 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. THE ADMINISTRATOR BELIEVES THE PLAN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JULY 1, 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: RENTAL LOSS NETTED ON FINANCIAL STATEMENTS -2,033,933. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTS FROM EXEMPT AFFILIATES 5,220,289. NET RENTAL LOSS -1,539,729. PART XIII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN CLAIMS PAYABLE -17,356,962. RENTS FROM EXEMPT AFFILIATES 5,220,289. NET RENTAL LOSS -3,573,662. X X X 0 0 0 SUSAN COWELL 123452 84906 4791 3295 0 0 0 0 15900 10935 144143 99136 0 0 PETER GOLDBERGER 112122 77113 2199 1512 0 0 0 0 15367 10569 129688 89194 0 0 LAZARO GONZALEZ 120306 82742 4672 3213 0 0 0 0 15768 10844 140746 96799 0 0 ANGELO DASCOLI 206710 0 7907 0 0 0 0 0 26636 0 241253 0 0 0 BARBARA CARESS 112822 77595 4321 2972 0 0 0 0 15335 10547 132478 91114 0 0 MARGARET NAPIER 75742 100239 2977 3939 0 0 0 0 10963 14508 89682 118686 0 0 IMTIAZ ALUR MOHAMMAD 122154 54881 2244 1008 0 0 0 0 17679 7943 142077 63832 0 0 PETER HAMARICH 96261 68176 3721 2635 0 0 0 0 14553 10307 114535 81118 0 0 RANDI FARBER 120744 58585 2266 1099 0 0 0 0 16923 8211 139933 67895 0 0 FORM 990, PART VI, SECTION A, LINE 7A IF A UNION TRUSTEE VACANCY ARISES, THE FUND'S TRUST AGREEMENT PROVIDES THAT SERVICE EMPLOYEES INTERNATIONAL UNION LOCAL 32BJ HAS THE POWER TO APPOINT A SUCCESSOR UNION TRUSTEE FOR THE FUND. IF AN EMPLOYER TRUSTEE VACANCY ARISES, THE FUND'S TRUST AGREEMENT PROVIDES THAT THE REALTY ADVISORY BOARD HAS THE POWER TO APPOINT A SUCCESSOR EMPLOYER TRUSTEE FOR THE FUND. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE AND CONTROLLER. THE FINAL FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE FUND IS SUBJECT TO THE REQUIREMENTS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT, AS AMENDED ("ERISA") AND THE FIDUCIARY STANDARDS OF ERISA, INCLUDING THE PROHIBITED TRANSACTIONS PROVISIONS, WHICH CONSTITUTES THE FUND'S CONFLICT OF INTEREST POLICY. THE BOARD OF TRUSTEES MONITORS AND ENFORCES COMPLIANCE WITH THOSE PROVISIONS AS REQUIRED BY ERISA ALONG WITH THE ASSISTANCE OF THE FUND'S PROFESSIONALS. FORM 990, PART VI, SECTION B, LINE 15 THE FUND RETAINED AN INDEPENDENT COMPENSATION CONSULTANT WHICH CONDUCTED SEARCHES ON A LOCAL AND NATIONAL LEVEL FOR SIMILAR JOBS AND DETERMINED REASONABLENESS OF THE FUND'S COMPENSATION BASED ON THE BENEFITS THE FUND PROVIDES AND OTHER INTERNAL FACTORS. THE CONSULTANT ALSO BUILT A SALARY STRUCTURE FOUNDATION FOR THE FUND AND THAT STRUCTURE IS REVIEWED ANNUALLY AND ADJUSTED WHEN APPROPRIATE. IN ADDITION, THE DIRECTOR OF HUMAN RESOURCES SUBSCRIBES TO AN ONLINE COMPENSATION SURVEY WHICH IS USED AS A TOOL IN REVIEWING THE FUND'S COMPENSATION FOR COMPARABILITY PURPOSES AGAINST THE CURRENT JOB MARKET. FORM 990, PART VI, SECTION C, LINE 19 THE FUND MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO PARTICIPANTS, BENEFICIARIES, THE SPONSORING UNION, AND CONTRIBUTING EMPLOYERS AS REQUIRED BY ERISA. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 14,159,278. RENTAL LOSS NETTED ON FINANCIAL STATEMENTS -2,033,933. TOTAL TO FORM 990, PART XI, LINE 5: 12,125,345. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE SELECTION OF AN INDEPENDENT ACCOUNTANT AND OVERSIGHT OF THE AUDIT FROM THE PRIOR YEAR. FORM 990, PAGE 1, B: AMENDED FORM 990 THE 2011 FORM 990 IS BEING AMENDED TO CORRECT CLAIMS PAYABLE AND CLAIMS INCURRED BUT NOT REPORTED IN THE AMOUNT OF $93,327,400. AS A RESULT OF THE AUDIT, THE FOLLOWING SCHEDULES HAVE BEEN AMENDED: 1) FORM 990 PAGE 10 PART IX: STATEMENT OF FUNCTIONAL EXPENSES, LINE 4 THE CORRECTED AMOUNT IS $773,130,781. 2) FORM 990 PAGE 11 PART X: BALANCE SHEETS LINE 25 AND LINE 33: THE CORRECTED AMOUNT FOR OTHER LIABILITIES IS $118,540,671 AND THE TOTAL NET ASSETS OR FUND BALANCES IS $640,244,718. 3) FORM 990 PAGE 12 PART XI: RECONCILIATION OF NET ASSETS: THE CORRECTED AMOUNT IS $640,244,718. 4) FORM 990 SCH D PAGE 4 PART X LINE 1: OTHER LIABILITIES: THE CORRECTED AMOUNT IS $118,540,671. 5) FORM 990 SCHEDULE D PAGE 4 PART XI LINE 10: RECONCILIATION OF CHANGE IN NET ASSETS FROM FORM 990 TO AUDITED FINANCIAL STATEMENTS: THE CORRECTED AMOUNT IS $104,625,797. BUILDING SERVICE 32BJ PENSION FUND 25 WEST 18TH STREET NEW YORK NY 100114676 131879376 PENSION BENEFITS NY 501 (A) NOT APPLICABLE 0 THOMAS SHORTMAN TRAINING SCHOLARSHIP 25 WEST 18TH STREET NEW YORK NY 100114676 237424757 TRAINING FUND NY 501 (C)(3) NOT APPLICABLE 0 BUILDING SERVICE 32BJ LEGAL SERVICES 25 WEST 18TH STREET NEW YORK NY 100114676 136841620 LEGAL SERVICES NY 501 (C) (9) NOT APPLICABLE 0 BUILDING SERVICE 32BJ SRSP FUND 25 WEST 18TH STREET NEW YORK NY 100114676 133507075 401(K) PROFIT SHARING NY 401 NOT APPLICABLE 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0