PAINTING INDUSTRY INSURANCE FUND: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- PAINTING INDUSTRY INSURANCE FUND (EIN 13-5600369)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-09
- IRS object ID
- 201103139349300245
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-09T11:11:18-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NOVAK FRANCELLA LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE PRESIDENTIAL BLVD SUITE 330 | AddressLine1 |
| City | BALA CYNWYD | City |
| State | PA | State |
| ZIP Code | 19004 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 135600369 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PAINTING INDUSTRY INSURANCE FUND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PAIN | NameControl |
| Phone | 2122552950 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 WEST 14TH STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10011 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH RAMAGLIA | Name |
| Title | TRUSTEE | Title |
| Phone | 2122552950 | Phone |
| Date Signed | 2011-11-07 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LOUIS VERZELLA CPA | Name |
| Phone | 6106689400 | Phone |
| Date Prepared | 2011-10-24 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOSEPH RAMAGLIA | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 WEST 14TH STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10011 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 110454582 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | N/A | WebSite |
| Type Of Organization Trust | X | TypeOfOrganizationTrust |
| Year Formation | 1948 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE MAJOR MEDICAL, HOSPITAL AND OTHER HEALTHCARE BENEFITS, AS WELL AS VACATION BENEFITS TO APPROXIMATELY 6,623 ELIGIBLE PARTICIPANTS WHO ARE MEMBERS OF IUPAT, AFL-CIO, DISTRICT COUNCIL NO. 9 AND ITS AFFILIATED LOCAL UNIONS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 16 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 38 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 67783954 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 66211706 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2173146 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2102833 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1387173 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1404779 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 71344273 | TotalRevenuePriorYear |
| Total Revenue Current Year | 69719318 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 68807572 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 66555834 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2076141 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2227891 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2352384 | OtherExpensePriorYear |
| Other Expenses Current Year | 2531997 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 73236097 | TotalExpensesPriorYear |
| Total Expenses Current Year | 71315722 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1891824 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1596404 | RevenuesLessExpensesCY |
| Total Assets BOY | 113867365 | TotalAssetsBOY |
| Total Assets EOY | 114267061 | TotalAssetsEOY |
| Total Liabilities BOY | 15419867 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 15871325 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 98447498 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 98395736 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PROVIDE MAJOR MEDICAL, HOSPITAL AND OTHER HEALTHCARE BENEFITS, AS WELL AS VACATION BENEFITS TO APPROXIMATELY 6,017 ELIGIBLE PARTICIPANTS WHO ARE MEMBERS OF IUPAT, AFL-CIO, DISTRICT COUNCIL NO. 9 AND ITS AFFILIATED LOCAL UNIONS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | TO PROVIDE MAJOR MEDICAL, HOSPITAL AND OTHER HEALTHCARE BENEFITS, AS WELL AS VACATION BENEFITS TO APPROXIMATELY 6,623 ELIGIBLE PARTICIPANTS WHO ARE MEMBERS OF IUPAT, AFL-CIO, DISTRICT COUNCIL NO. 9 AND ITS AFFILIATED LOCAL UNIONS. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 21 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 38 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 16 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREG VAGELATOS ADMINISTRATOR | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2122552950 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 WEST 14TH STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10011 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|
| WILLIAM ELFELD | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| PETER GISONDI | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| JEROME HABER | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| ANGELO LOPES | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| STEPHEN MELISH | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| BRENDAN MURRAY | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| TODD NUGENT | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| JOE RAMAGLIA | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| GORDON ROTH | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| ANTHONY SPEZIALE | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| TODD HELFRICH | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| BRIAN GORDON | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| ANTHONY BUSCEMA | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| JACK KITTLE | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| JOSE TORRENT | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| KIERAN AHERN | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| PETER CAFIERO | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| JEFF STARK | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| GREGORY VAGELATOS | ||||||
| CO-FUND ADMINISTRATOR | 40.00 | 130176 | 0 | 70494 | X | |
| LLOYD GOLDENBERG | ||||||
| CO-FUND ADMINISTRATOR | 40.00 | 130176 | 0 | 70494 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 260352 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 140988 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| MARSHALL MOSS LLP | |||||
| 1400 OLD COUNTRY RD STE 406 | WESTBURY | NY | 11590 | ACCOUNTING/PAYROLL COMPLINACE REVIEWS | 670206 |
| ALICARE | |||||
| 730 BROADWAY | NEW YORK | NY | 10013 | CLAIMS ADMINISTRATION | 660923 |
| BARNES IACCARINO & SHEPHERD PLLC | |||||
| THREE SURREY LANE | HEAMPSTEAD | NY | 11550 | LEGAL SERVICES | 428034 |
| THE SEGAL COMPANY | |||||
| 333 WEST 34TH STREET | NEW YORK | NY | 10001 | ACTUARY | 146082 |
| MAGNACARE | |||||
| 825 EAST GATE BOULEVARD | GARDEN CITY | NY | 11530 | CLAIMS ADMINISTRATION | 134253 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| EMPLOYER CONTRIBUTIONS | 525100 | 64476419 | 64476419 |
| COBRA & RETRIEE CONTRI | 525100 | 1439099 | 1439099 |
| EMPLOYER LATE CHARGES | 525100 | 296188 | 296188 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 66211706 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2025525 | TotalRevenueColumn |
| Exclusion | $2,025,525 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 40812572 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 40735264 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 77308 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 77308 | TotalRevenueColumn |
| Exclusion | $77,308 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| ADMIN EXPENSE REIMBURS | 900099 | 1180446 | 1180446 |
| REFUND & OTHER INCOME | 900099 | 224333 | 224333 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1404779 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 69719318 | TotalRevenueColumn |
| Related Or Exempt Function Income | 67616485 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $2,102,833 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66555834 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1437805 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 236796 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 423698 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 129592 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 350541 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 787853 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 173621 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 184942 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 264811 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 123748 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 277822 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10807 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35760 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47206 | Total |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| ADMINISTRATIVE CHARGES | 197407 |
| STAMP BOOKS AND STAMP P | 58489 |
| COMMUNICATION AND PARTI | 18990 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71315722 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 629212 | BOY |
| EOY | 531924 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36347186 | BOY |
| EOY | 32967356 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6463166 | BOY |
| EOY | 6864848 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34687 | BOY |
| EOY | 67329 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1605986 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1528187 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 93358 | BOY |
| EOY | 77799 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45468896 | BOY |
| EOY | 29308936 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22589692 | BOY |
| EOY | 42715016 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2241168 | BOY |
| EOY | 1733853 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 113867365 | BOY |
| EOY | 114267061 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 424456 | BOY |
| EOY | 485668 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7010282 | BOY |
| EOY | 7545324 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7985129 | BOY |
| EOY | 7840333 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15419867 | BOY |
| EOY | 15871325 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98447498 | BOY |
| EOY | 98395736 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98447498 | BOY |
| EOY | 98395736 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 113867365 | BOY |
| EOY | 114267061 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1596404 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1544642 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1605986 | OtherCostOrOtherBasis |
| Depreciation | 1528187 | Depreciation |
| Book Value | 77799 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 77799 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INV. CONTRACT WITH INSURANCE CO. | 17369061 | F |
| INV. IN PAINTING INDUSTRY FUND BUILDING CORPORATION | 6000000 | F |
| COMMINGLED TRUSTS | 19345955 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 42715016 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CASH OVERDRAFT | $2,034,216 |
| ESCROW PAYABLE | $1,122,068 |
| UNALLOCATED EMPLOYER CONTRIBUTIONS | $790,773 |
| DUE TO RELATED PARTIES & OTHER ENTITIES | $3,699,031 |
| DUE TO BROKER | $194,245 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 7840333 | TotalOfAmounts |
| Total Revenue | 69719318 | TotalRevenue |
| Total Expenses | 71315722 | TotalExpenses |
| Excess Or Deficit For Year | -1596404 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 2131245 | NetUnrealizedGLOnInvestments |
| Other | -$586,603 | OtherAmount |
| Total Adjustments | 1544642 | TotalAdjustments |
| Excess Or Deficit Per FS | -51762 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 70676608 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2131245 | NetUnrealizedGainsInvestments |
| Other Revenues | 180112 | OtherRevenues |
| Revenue Not Rptd F990 | 2311357 | RevenueNotRptdF990 |
| Revenue Subtotal | 68365251 | RevenueSubtotal |
| Investment Expenses Not Included | 173621 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 1180446 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1354067 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 69719318 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 70056519 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 283395 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 283395 | ExpensesNotRptdF990 |
| Expenses Subtotal | 69773124 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 173621 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 1368977 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1542598 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 71315722 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | BOOK VALUE ADJUSTMENT IN VALUE OF LAND & BUILDING ON BOOKS 28,532. PRIOR PERIOD ADJUSTMENT -615,135. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SUBSIDIARY INTEREST INCOME AND RENTAL REVENUE 180,112. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | REIMBURSED ADMINISTRATIVE EXPENSES 1,180,446. |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | SUBSIDIARY OPERATING EXPENSES 283,395. |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | REIMBURSED ADMINISTRATIVE EXPENSES 1,180,446. RENT PAID TO SUBSIDIARY 160,000. DEPRECIATION ELIMINATED IN CONSOLIDATED F/S 28,531. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GREGORY VAGELATOS | |||||||||||||
| 130176 | 0 | 0 | 0 | 0 | 0 | 45784 | 0 | 24710 | 0 | 200670 | 0 | 0 | 0 |
| LLOYD GOLDENBERG | |||||||||||||
| 130176 | 0 | 0 | 0 | 0 | 0 | 45784 | 0 | 24710 | 0 | 200670 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE PAINTING INDUSTRY INSURANCE FUND'S FORM 990 IS PREPARED BY ITS INDEPENDENT PUBLIC ACCOUNTANT WHO FORWARDS THE COMPLETED RETURN TO THE FUND ADMINISTRATOR FOR INTIAL REVIEW. THE FUND ADMINISTRATOR THEN PRESENTS THE FORM 990 TO THE GOVERNING BODY FOR REVEIW AND SIGNATURE. | |
| THE PAINTING INDUSTRY INSURANCE FUND MONITORS ITS CONFLICT OF INTERETS POLICY ON AN ANNUAL BASIS. | FORM 990, PART VI, SECTION B, LINE 12C | |
| PAINTING INDUSTRY INSURANCE FUND'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC | PETER GISONDI - 11 HARDING AVE, WHITE PLAINS, NY 10606. JEROME HABER - 300 AIRPORT EXECUTIVE PARK, SUITE 302, NANUET, NY 10954. ANGELO LOPES - 21-52 45TH AVENUE, LONG ISLAND CITY, NY 11101. STEPHEN MELISH - 44 PICTURE LANE, HICKSVILLE, NY 11801. BRENDAN MURRAY - 532 W. 30TH STREET, NEW YORK, NY 10011. TODD NUGENT - 10 ROCKEFELLER PLAZA, SUITE B2, NEW YORK, NY 10011. GORDON ROTH - 441 LEXINGTON AVE., SUITE 1401, NEW YORK, NY 10017. ANTHONY SPEZIALE - P.O. BOX 1256, POUGHKEEPSIE, NY 12602. TODD HELFRICH - 6 AIRLINE DRIVE, ALBANY, NY 12205. BRIAN GORDON - 7 RAILROAD STREET, GREENLAWN, NY 11740. KIERAN AHERN - 69-21 49TH AVE, WOODSIDE, NY 11377. PETER CAFIERO - 5-21 47TH RD, LONG ISLAND CITY, NY 11101. JEFF STARK - 890 3RD STREET, ALBANY, NY 12206. | FORM 990, PART VII |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 2,131,245. BOOK VALUE ADJUSTMENT IN VALUE OF LAND & BUILDING ON BOOKS 28,532. PRIOR PERIOD ADJUSTMENT -615,135. TOTAL TO FORM 990, PART XI, LINE 5: 1,544,642. | FORM 990, PART XI, LINE 5: |
| THE PAINTING INDUSTRY INSURANCE FUND RECEIVED CONSOLIDATED AUDITED FINANCIAL STATEMENTS WHICH INCLUDED THE PAINTING INDUSTRY BUILDING CORPORATION FOR THE YEAR ENDED DECEMBER 31, 2010. THE FUND'S BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSEEING THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT WHO PERFORMS THE AUDIT. THERE HAS BEEN NO CHNAGE IN PROCEDURE FROM TEH PRIOR YEAR. | FORM 990, PART XII, LINE 2C: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Controlled OrgControlledOrg | Public Charity StatusPublicCharityStatus |
|---|---|---|---|---|---|---|---|---|---|
| PAINTING INDUSTRY ANNUITY FUND | |||||||||
| 45 WEST 14TH STREET | NEW YORK | NY | 10011 | 516049898 | PENSION FUND | NY | 401(A)/501(A) | 0 | |
| PAINTING INDUSTRY BUILDING CORPORATION | |||||||||
| 45 WEST 14TH STREET | NEW YORK | NY | 10011 | 132534897 | TITLE HOLDING CORPORATION | NY | 501(C)(2) | 0 | |
| FINISHING TRADES INSTITUTE OF NEW YORK | |||||||||
| 45 WEST 14TH STREET | NEW YORK | NY | 10011 | 133724146 | EDUCATION AND TRAINING FUND | NY | 501(C)(3) | 0 | 509(A)(2) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| PAINTING INDUSTRY ANNUITY FUND | ||
| P | 611789 | FMV |
| PAINTING INDUSTRY BUILDING CORPORATION | ||
| J | 160000 | FMV |