2011-11-09T11:11:18-06:00 2010-12-31 NOVAK FRANCELLA LLC ONE PRESIDENTIAL BLVD SUITE 330 BALA CYNWYD PA 19004 990 2010-01-01 135600369 PAINTING INDUSTRY INSURANCE FUND PAIN 2122552950 45 WEST 14TH STREET NEW YORK NY 10011 JOSEPH RAMAGLIA 2122552950 2011-11-07 LOUIS VERZELLA CPA 6106689400 2011-10-24 2010 2016-02-24 21:20:13Z JOSEPH RAMAGLIA 45 WEST 14TH STREET NEW YORK NY 10011 110454582 0 X N/A X 1948 NY 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. 16 16 38 0 0 0 0 0 67783954 66211706 2173146 2102833 1387173 1404779 71344273 69719318 0 0 68807572 66555834 2076141 2227891 0 0 0 2352384 2531997 73236097 71315722 -1891824 -1596404 113867365 114267061 15419867 15871325 98447498 98395736 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. 0 0 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. 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 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 21 0 38 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X GREG VAGELATOS ADMINISTRATOR 2122552950 45 WEST 14TH STREET NEW YORK NY 10011 X WILLIAM ELFELD 2.00 X 0 0 0 PETER GISONDI 2.00 X 0 0 0 JEROME HABER 2.00 X 0 0 0 ANGELO LOPES 2.00 X 0 0 0 STEPHEN MELISH 2.00 X 0 0 0 BRENDAN MURRAY 2.00 X 0 0 0 TODD NUGENT 2.00 X 0 0 0 JOE RAMAGLIA 2.00 X 0 0 0 GORDON ROTH 2.00 X 0 0 0 ANTHONY SPEZIALE 2.00 X 0 0 0 TODD HELFRICH 2.00 X 0 0 0 BRIAN GORDON 2.00 X 0 0 0 ANTHONY BUSCEMA 2.00 X 0 0 0 JACK KITTLE 2.00 X 0 0 0 JOSE TORRENT 2.00 X 0 0 0 KIERAN AHERN 2.00 X 0 0 0 PETER CAFIERO 2.00 X 0 0 0 JEFF STARK 2.00 X 0 0 0 GREGORY VAGELATOS 40.00 X 130176 0 70494 LLOYD GOLDENBERG 40.00 X 130176 0 70494 260352 0 140988 2 0 1 0 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 7 EMPLOYER CONTRIBUTIONS 525100 64476419 64476419 COBRA & RETRIEE CONTRI 525100 1439099 1439099 EMPLOYER LATE CHARGES 525100 296188 296188 66211706 2025525 2025525 40812572 40735264 77308 77308 77308 ADMIN EXPENSE REIMBURS 900099 1180446 1180446 REFUND & OTHER INCOME 900099 224333 224333 1404779 69719318 67616485 0 2102833 66555834 1437805 236796 423698 129592 350541 787853 173621 184942 264811 123748 277822 10807 35760 47206 ADMINISTRATIVE CHARGES 197407 STAMP BOOKS AND STAMP P 58489 COMMUNICATION AND PARTI 18990 71315722 629212 531924 36347186 32967356 6463166 6864848 34687 67329 1605986 1528187 93358 77799 45468896 29308936 22589692 42715016 2241168 1733853 113867365 114267061 424456 485668 7010282 7545324 7985129 7840333 15419867 15871325 X 0 0 0 0 98447498 98395736 98447498 98395736 113867365 114267061 X -1596404 1544642 X X 0 1 1 X 0 1605986 1528187 77799 77799 INV. CONTRACT WITH INSURANCE CO. 17369061 F INV. IN PAINTING INDUSTRY FUND BUILDING CORPORATION 6000000 F COMMINGLED TRUSTS 19345955 F 42715016 CASH OVERDRAFT 2034216 ESCROW PAYABLE 1122068 UNALLOCATED EMPLOYER CONTRIBUTIONS 790773 DUE TO RELATED PARTIES & OTHER ENTITIES 3699031 DUE TO BROKER 194245 7840333 69719318 71315722 -1596404 2131245 -586603 1544642 -51762 70676608 2131245 180112 2311357 68365251 173621 1180446 1354067 69719318 70056519 283395 283395 69773124 173621 1368977 1542598 71315722 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. X 0 0 0 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 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. FORM 990, PART VI, SECTION B, LINE 12C THE PAINTING INDUSTRY INSURANCE FUND MONITORS ITS CONFLICT OF INTERETS POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 PAINTING INDUSTRY INSURANCE FUND'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: 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 XII, LINE 2C: 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. 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) 509(A)(2) 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 PAINTING INDUSTRY ANNUITY FUND P 611789 FMV PAINTING INDUSTRY BUILDING CORPORATION J 160000 FMV