2013-03-15T14:17:57-05:00 2012-04-30 542076905 BST ADVISORS LLC 28 WEST 44TH STREET NEW YORK NY 10036 990 2011-05-01 111823976 UNITED WELFARE FUND UNIT 7186584848 138-50 QUEENS BLVD BRIARWOOD NY 11435 EDWARD L BYRNE SR 7186584848 2013-03-15 1 PATRICK C STINES P01592735 2126618640 2011 2016-02-25 16:41:14Z EDWARD L BYRNE SR 138-50 QUEENS BLVD BRIARWOOD NY 11435 262094225 0 X N/A X 1956 NY TO PROVIDE HEALTH, SEVERANCE, DEATH AND OTHER SUPPLEMENTAL WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES. 16 16 23 0 0 0 0 0 156259197 154337591 16452605 15010581 -13591 -13002 172698211 169335170 0 0 155305036 153622781 2898776 2988937 0 0 0 8655295 9255578 166859107 165867296 5839104 3467874 487638177 494834349 2590493 1851219 485047684 492983130 TO PROVIDE HEALTH, SEVERANCE, DEATH AND OTHER SUPPLEMENTAL WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES. 0 0 TO PROVIDE HEALTH, SEVERANCE, DEATH AND OTHER SUPPLEMENTAL WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 5920 0 1 23 1 0 0 0 0 0 0 X 16 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X EDWARD L BYRNE SR 7186584848 138-50 QUEENS BLVD BRIARWOOD NY 11435 X JONATHAN S AMES 70.00 X 0 0 0 MARK READER 65.00 X 0 0 0 LORI AMES 65.00 X 0 0 0 PETER DEVITO JR 65.00 X 0 0 0 CHARLES SHIMKUS 65.00 X 0 0 0 TROY ANDERSON 65.00 X 0 0 0 ED KAHN 65.00 X 0 0 0 JAMES SCAGNELLI 65.00 X 0 0 0 KEVIN BARRY 65.00 X 0 0 0 SEAN CULLINAN 65.00 X 0 0 0 DONALD BARKIN 10.00 X 0 0 0 LARRY AMATULLI 10.00 X 0 0 0 STEVEN BARNA 10.00 X 0 0 0 JAY GEORGE 10.00 X 0 0 0 AGOSTINO VONA 10.00 X 0 0 0 PAUL STENDARDI 10.00 X 0 0 0 MICHAEL WALBY 10.00 X 0 0 0 CARL CURCIO 10.00 X 0 0 0 CAROL BARKIN 10.00 X 0 0 0 EDWARD L BYRNE SR 65.00 X 0 0 0 KEVIN COUGHLAN 65.00 X 420148 0 13969 JOSEPH M PECORA 65.00 X 217381 0 63672 GERALDINE DORSEY 40.00 X 118437 0 33182 SAM MATTHEWS 40.00 X 180084 0 36974 MATTHEW T POWER 40.00 X 159059 0 37814 STEVEN R ELLIOTT JR 65.00 X 246624 0 68944 JOSEPHINE FALCONE 40.00 X 106951 0 43714 1448684 0 298269 8 0 1 1 O'DWYER & BERNSTEIN LLP 52 DUANE ST NEW YORK NY 10007 LEGAL 380267 BLACKROCK 800 SCUDDER MILL ROAD PLAINSBORO NJ 08536 INVESTMENT MGMT 322500 NIXON PEABODY LLC 401 9TH ST NW WASHINGTON DC 20004 LEGAL 144181 SCHULTHEIS & PANETTIERI LLP 210 MARCUS BLVD HAUPPAUGE NY 11788 AUDIT 120000 4 EMPLOYERS' CONTRIBUTIO 900099 146726806 146726806 PARTICIPANTS' CONTRIBU 900099 6616521 6616521 FEDERAL SUBSIDIES - CO 900099 994264 994264 154337591 15961656 15961656 13002 -13002 -13002 -13002 91794978 92746053 -951075 -951075 -951075 169335170 154337591 0 14997579 153622781 615420 1643696 76677 517274 135870 593274 103000 351455 97627 166730 141512 926038 108234 19012 31794 207751 NET REIMB. EXPENSES 6445568 SHOP STEWARD WEEKEND 40984 REPAIRS AND MAINTENANCE 22599 165867296 2786752 2505153 89722724 3385415 5620178 4842244 2099 808832 584692 2308690 224140 387190357 481675298 2200000 9476 0 487638177 494834349 280289 489148 1689204 1362071 621000 0 2590493 1851219 X 0 0 0 0 485047684 492983130 485047684 492983130 487638177 494834349 X 3467874 4467572 X X 0 1 1 X 0 271625 174566 97059 537207 410126 127081 224140 169335170 165867296 3467874 4467572 -621000 3846572 7314446 173451287 4467572 4467572 168983715 351455 351455 169335170 166136841 621000 621000 165515841 351455 351455 165867296 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE PLAN (AND ITS RELATED TRUST) ARE INTENDED TO BE EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE (IRC), AS AMENDED AND HAS OBTAINED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) DATED FEBRUARY 1986. THE PLAN HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER. HOWEVER, THE PLAN'S TRUSTEES AND THE PLAN'S COUNSEL BELIEVE THAT THE PLAN IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. THE PLAN'S MANAGEMENT EVALUATES TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZES A TAX LIABILITY OR ASSET IF AN UNCERTAIN TAX POSITION WAS TAKEN AND IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. THE PLAN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE TAX YEARS PRIOR TO 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN BENEFIT OBLIGATION -621,000. PART XIII, LINE 4D - OTHER ADJUSTMENTS: CHANGE IN BENEFIT OBLIGATION - $621,000 X 0 0 0 KEVIN COUGHLAN 158400 0 254748 0 7000 0 2057 0 11912 0 434117 0 0 0 JOSEPH M PECORA 202748 0 11697 0 2936 0 6082 0 57590 0 281053 0 0 0 GERALDINE DORSEY 113848 0 4589 0 0 0 5590 0 27592 0 151619 0 0 0 SAM MATTHEWS 174119 0 4500 0 1465 0 3974 0 33000 0 217058 0 0 0 MATTHEW T POWER 155559 0 3500 0 0 0 3974 0 33840 0 196873 0 0 0 STEVEN R ELLIOTT JR 228748 0 13197 0 4679 0 6862 0 62082 0 315568 0 0 0 JOSEPHINE FALCONE 102367 0 4584 0 0 0 5590 0 38124 0 150665 0 0 0 SUPPLEMENTAL INFORMATION PART III COMPENSATION FROM UNRELATED ORGANIZATIONS: EDWARD L. BYRNE, SR.- TOTAL COMPENSATION REPORTED BY UNITED SERVICE WORKERS UNION IUJAT - NATIONAL UNION (UNRELATED ORGANIZATION) AMOUNTED TO $682,166 CONSISTING OF $455,600 IN REPORTABLE W-2 COMPENSATION AND $226,566 IN CONTRIBUTIONS TO EMPLOYEE BENEFIT PLANS. 60% OF SALARIES AND BENEFITS INCLUDED IN TOTAL COMPENSATION IS REIMBURSED BY THE FILING ORGANIZATION. KEVIN COUGHLAN - BENEFITS REPORTED BY UNITED SERVICE WORKERS UNION, IUJAT - NATIONAL UNION (UNRELATED ORGANIZATION) AMOUNTED TO $26,250 OF WHICH 100% OF BENEFITS INCLUDED IN TOTAL COMPENSATION IS REIMBURSED BY THE FILING ORGANIZATION. STEVEN R. ELLIOTT, JR. - BENEFITS REPORTED BY UNITED SERVICE WORKERS UNION, IUJAT - NATIONAL UNION (UNRELATED ORGANIZATION) AMOUNTED TO $161,776 OF WHICH 90% OF BENEFITS INCLUDED IN TOTAL COMPENSATION IS REIMBURSED BY THE FILING ORGANIZATION. JOSEPH M. PECORA - BENEFITS REPORTED BY UNITED SERVICE WORKERS UNION, IUJAT - NATIONAL UNION (UNRELATED ORGANIZATION) AMOUNTED TO $161,776 OF WHICH 100% OF BENEFITS INCLUDED IN TOTAL COMPENSATION IS REIMBURSED BY THE FILING ORGANIZATION. THE UNITED WELFARE FUND (FUND) AND UNITED SERVICE WORKERS UNION, IUJAT-NATIONAL UNION (USWU), AN UNRELATED ORGANIZATION, ARE PARTIES TO AN ADMINISTRATIVE COST SHARING AGREEMENT WHEREBY, AMONG OTHER THINGS, CERTAIN PERSONNEL OF THE USWU PROVIDE SERVICES TO THE FUND. DURING THE TAX REPORTING PERIOD ENDED APRIL 30, 2012, THE FUND REIMBURSED TO USWU FOR SHARED ADMINISTRATIVE COSTS. INCLUDED IN SUCH REIMBURSEMENT WAS A COMPONENT OF COMPENSATION AND RELATED BENEFIT COSTS OF $1,423,759. NONE OF THE REIMBURSEMENT RELATES TO TIME SERVING AS A TRUSTEE OF THE FUND. EDWARD L BYRNE JR FAMILY MEMBER 71586 EMPLOYMENT 0 JOSEPH PECORA FAMILY MEMBER 64987 EMPLOYMENT 0 STEVEN R ELLIOTT SR FAMILY MEMBER 50000 EMPLOYMENT 0 STEVEN R ELLIOTT SR FAMILY MEMBER 15000 INDEPENDENT CONTRACTOR 0 FORM 990, PART VI, SECTION A, LINE 2 CAROL BARKIN AND DONALD BARKIN - FAMILY RELATIONSHIP JONATHAN S. AMES AND LORI AMES - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTING FIRM WITH ASSISTANCE FROM FUND PERSONNEL AND COUNSEL AND PRESENTED TO THE CONTROLLER FOR INITIAL REVIEW. THE CONTROLLER THEN CIRCULATED A COPY OF THE DRAFT FORM 990 TO THE FUND ADMINISTRATOR, FUND'S TRUSTEES, OFFICERS AND COUNSEL. AFTER FURTHER REVIEW AND COMPLETION OF ANY OPEN ITEMS, THE FINAL DOCUMENT WAS CIRCULATED IN ELECTRONIC FORM TO ALL OF THE OFFICERS AND TRUSTEES, WHO, AFTER THEIR OWN REVIEW, WERE CANVASSED FOR ELECTRONIC APPROVAL FOR ACCEPTANCE AND AUTHORIZATION TO FILE THE FORM 990 BEFORE ITS DUE DATE. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES OF THE FUND AT THEIR REGULAR MEETINGS TAKE UP THE BUSINESS OF THE ORGANIZATION WHICH MAY INCLUDE INSTANCES WHERE A CONFLICT OF INTEREST MAY HAVE OCCURRED OR IS SUBJECT OF DISCUSSION. IF A CONFLICT OF INTEREST IS PRESENTED, THE TRUSTEES TAKE APPROPRIATE ACTION WITH ANY CONFLICTED MEMBER ABSTAINING FROM PARTICIPATION IN THE DISCUSSION AND VOTE. ALL TRUSTEES, OFFICERS AND EMPLOYEES ARE COVERED BY CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE FUND'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO ALL MEMBERS UPON REQUEST. DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC TO THE EXTENT REQUIRED BY LAW. FORM 990, PART VII - COLUMN (B) AVG HOURS: HOURS RECORDED ARE AN ESTIMATE OF AVERAGE HOURS WORKED PER WEEK AMONGST THE TAX EXEMPT ORGANIZATIONS THAT THE INDIVIDUAL HOLDS POSITION IN, WHERE WORK IS ASSIGNED AS A REQUIRED COMPONENT OF THE PERSON'S PRIMARY EMPLOYMENT. AS ALLOCATED, WORK TIME IS DEVOTED TO PROVIDE NECESSARY SUPPORT AND SERVICES NEEDED BY THE RESPECTIVE ORGANIZATIONS' PROGRAMS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 4,467,572. FORM 990, PART XII, LINE 2C: THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR.