2016-10-10T16:09:43-05:00 2015-06-30 812950760 SAX LLP 28 WEST 44TH STREET NEW YORK NY 10036 990 2014-07-01 136220695 PSC - CUNY WELFARE FUND PSC- 2123545230 61 BROADWAY NEW YORK NY 10006 LARRY MORGAN EXECUTIVE DIRECTOR 2123545230 2016-10-10 1 PATRICK C STINES P01592735 2126618640 2014 2017-02-10 21:41:12Z X LARRY MORGAN 61 BROADWAY NEW YORK NY 10006 52849887 0 X N/A X SINGLE-EMPLOYER, DEFINED BENEFIT, H 1967 NY TO PROVIDE HEALTH AND WELFARE BENEFITS FOR ALL QUALIFYING PLAN PARTICIPANTS. 12 6 15 0 0 0 0 0 51707369 43818048 90727 105557 173592 -960 51971688 43922645 0 0 46409661 36911539 1300710 1354422 0 0 0 631823 714717 48342194 38980678 3629494 4941967 27162569 32385965 425556 753406 26737013 31632559 SEE 4A BELOW 0 0 THROUGH COLLECTIVELY BARGAINED AGREEMENTS WITH THE CITY UNIVERSITY OF NEW YORK, THE FUND COLLECTS CONTRIBUTIONS AND PROVIDES HEALTH AND WELFARE BENEFITS FOR ALL QUALIFYING PLAN PARTICIPANTS. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 17 0 1 15 1 0 0 0 0 0 0 0 0 X 12 6 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 0 X PSC - CUNY WELFARE FUND 2123545230 61 BROADWAY NEW YORK NY 10006 BARBARA BOWEN CHAIRMAN 2.00 X 0 0 0 DAVID KOTELCHUCK TRUSTEE 1.00 X 0 0 0 STEVEN LONDON EXECUTIVE OFFICER 10.00 X 0 0 10737 LESLIE WILLLIAMS TRUSTEE 1.00 X 0 0 0 TERRENCE MARTELL TRUSTEE 2.00 X 0 0 0 SHERRIAN GRANT FORDHAM TRUSTEE 1.00 X 0 0 0 GLORIANA WATERS TRUSTEE 1.00 X 0 0 0 PAULA WHITLOCK TRUSTEE 1.00 X 0 0 0 TERRY PARKER TRUSTEE 1.00 X 0 0 0 SHARON PERSINGER TRUSTEE 1.00 X 0 0 0 ROBERT CERMELE TREASURER 12.00 X 10737 5830 5830 DANIEL PINELLO SECRETARY 1.00 X 0 0 0 LARRY MORGAN EXECUTIVE DIRECTOR 40.00 X 178312 0 36623 DONNA COSTA ASSOCIATE DIRECTOR 40.00 X 122445 0 37186 311494 5830 90376 2 0 1 0 EXPRESS SCRIPTS 100 PARSONS POND DRIVE MVL 1-3 FRANKLIN LAKES NJ 07417 ADMINISTRATIVE FEES 879364 GUARDIAN 3900 BURGESS PLACE BETHLEHEM PA 18017 SERVICE FEES 662240 2 EMPLOYERS CONTRIBUTION 900099 43411473 43411473 SURVIVOR CONTRIBUTION 900009 331582 331582 COBRA REIMBURSEMENTS 900099 74993 74993 43818048 119750 119750 8913049 8927242 -14193 -14193 -14193 REBATES 900099 81699 81699 DECREASE IN ACCRUED PENSION LIABI 900099 -82659 -82659 -960 43922645 43817088 0 105557 36911539 220765 783335 104854 174548 70920 72255 44300 22249 160968 94020 46800 204794 31849 14900 18086 PAYROLL PROCESSING 4496 38980678 6113535 6250048 239739 788837 563408 194954 160062 111931 41539 48131 11313236 15818547 8891112 9285448 27162569 32385965 231388 323671 194168 429735 425556 753406 X 0 0 0 0 26737013 31632559 26737013 31632559 27162569 32385965 4941967 -46421 0 X X 0 1 X 1 0 53930 32092 21838 106132 79839 26293 48131 MEDICAL REBATES AND REFUNDS RECEIVABLE 8998209 ACCRUED INTEREST & DIVIDENDS 57837 OTHER RECEIVABLES 109656 ACCRUED PENSION OBLIGATIONS 119746 9285448 CONTRIBUTIONS RECEIVED IN ADVANCE 428792 401(K) EMPLOYEE CONTRIBUTIONS 943 429735 X 43936634 -46421 -46421 43983055 22249 -82659 -60410 43922645 38958429 0 38958429 22249 22249 38980678 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES. THE ORGANIZATION HAS BEEN CLASSIFIED AS A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE ORGANIZATION FILES A FORM 990 ANNUALLY WITH THE INTERNAL REVENUE SERVICE. WHEN ANNUAL RETURNS ARE FILED, SOME TAX POSITIONS TAKEN ARE HIGHLY CERTAIN TO BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHER TAX POSITIONS ARE SUBJECT TO UNCERTAINTY ABOUT THE TECHNICAL MERITS OF THE POSITION OR AMOUNT OF THE POSITION'S TAX BENEFIT THAT WOULD ULTIMATELY BE SUSTAINED. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS, INCLUDING INTEREST AND PENALTIES ATTRIBUTABLE THERETO, AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO TAX POSITIONS THAT REQUIRED ADJUSTMENT IN ITS FINANCIAL STATEMENTS AS OF JUNE 30, 2013 AND 2014. FORMS 990 FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION FOR THE FISCAL YEARS ENDED JUNE 30, 2011, AND PRIOR. PART XI, LINE 4B - OTHER ADJUSTMENTS: THE AMOUNT REPRESENTED ON LINE SCHEDULE D, LINE 4B (-82,659) REPRESENTS THE INCREASE IN ACCRUED PENSION LIABILITY X 0 0 0 LARRY MORGAN EXECUTIVE DIRECTOR 178312 0 0 0 0 0 21808 0 14815 0 214935 0 0 0 DONNA COSTA ASSOCIATE DIRECTOR 122445 0 0 0 0 0 14975 0 22211 0 159631 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE FUND HAS NO SUBCOMMITEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES REVIEWS THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AND CAN BE EXAMINED AT THE FUND OFFICE. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED. FORM 990, PAGE 1, QUESTION B - AMENDED RETURN THE AMOUNT REPORTED ON PREVIOUSLY FILED 990 FOR PENSION BENEFIT LIABILITY IS BEING CORRECTED. PAGE 10, PART IX, LINE 4 FORM 990, PART X, LINE 33 NET ASSETS PER THE AUDITED FINANCIAL STATEMENTS DO NOT INCLUDE ESTIMATED CURRENT CLAIMS OBLIGATIONS OF $4,330,802 AND ESTIMATED POST-RETIREMENT OBLIGATIONS OF $485,000,000. THEY ARE REPORTED ON A SEPARATE SCHEDULE AS PERMITTED UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. PROFESSIONAL STAFF CONGRESS 61 BROADWAY 15TH FLOOR NEW YORK NY 10006 132638049 LABOR UNION OF PLAN PARTICIPANTS NY 501(C)(5) 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 PROFESSIONAL STAFF CONGRESS K 204794 FAIR MARKET VALUE PROFESSIONAL STAFF CONGRESS O 53881 ACTUAL COST PROFESSIONAL STAFF CONGRESS P 227191 CASH TRANSFERRED