2024-11-11T12:04:16-06:00 2023-12-31 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2023-01-01 222893340 LOCAL 945 PENSION FUND BUILDING CORPORATION LOCA 9739429463 585 HAMBURG TURNPIKE WAYNE NJ 07470 PAXTON RYAN DIRECTOR 9739429463 2024-11-11 1 1 RAYMOND HARGADON CPA P01780635 9082727000 2023 2024-10-15 13:58:12Z PAXTON RYAN 585 HAMBURG TURNPIKE WAYNE NJ 07470 128366 0 X N/A X 1988 NJ TO HOLD TITLE TO AND OPERATE REAL PROPERTY FOR TEAMSTERS LOCAL 945 PENSION FUND. 6 6 0 0 0 0 0 0 130849 128257 0 0 0 109 130849 128366 0 0 0 0 0 0 0 0 0 153606 150777 153606 150777 -22757 -22411 317787 293688 2180 492 315607 293196 TO HOLD TITLE TO AND OPERATE REAL PROPERTY FOR TEAMSTERS LOCAL 945 PENSION FUND. 0 0 TO HOLD TITLE TO AND OPERATE REAL PROPERTY FOR TEAMSTERS LOCAL 945 PENSION FUND. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 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 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X BOARD OF DIRECTORS 9739429463 585 HAMBURG TURNPIKE WAYNE NJ 07470 DAVID BAUMANN DIRECTOR 1.00 1.00 X 0 0 0 PAXTON RYAN DIRECTOR 1.00 1.00 X 0 0 0 RICHARD MAIO DIRECTOR 1.00 1.00 X 0 0 0 ANDREW PINTO DIRECTOR 1.00 1.00 X 0 0 0 TONY MANHERTZ DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL GEIB TRUSTEE 1.00 1.00 X 0 0 0 CATHERINE OAKES MANAGER 3.00 40.00 X 0 139391 34960 0 139391 34960 0 0 1 0 0 RENTAL INCOME 531120 128257 128257 128257 MISCELLANEOUS INCOME 900099 109 109 109 128366 128366 0 0 4336 1500 415 111834 32692 150777 34560 44548 3004 4075 1911225 1666160 277757 245065 2466 0 317787 293688 2180 492 2180 492 X 0 0 0 0 315607 293196 315607 293196 317787 293688 -22411 0 X 0 1 X 0 0 35600 35600 1418917 1418917 0 456708 247243 209465 245065 X -22411 -150777 -150777 128366 0 128366 0 0 0 150777 150777 150777 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(2). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITES STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CORPORATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. AS OF DECEMBER 31, 2023, THERE WERE 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 CORPORATION FILES AN ANNUAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, WITH THE INTERNAL REVENUE SERVICE ("IRS"). AT DECEMBER 31, 2023, THE CORPORATION'S FORMS 990 FOR THE YEARS 2020 THROUGH 2023 REMAIN ELIGIBLE FOR EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BUILDING RELATED EXPENSES -150,777. PART XII, LINE 4B - OTHER ADJUSTMENTS: BUILDING RELATED EXPENSES 150,777. 0 0 0 CATHERINE OAKES MANAGER 0 139391 0 0 0 0 0 13540 0 21420 0 174351 0 0 FORM 990, PART VI, SECTION A, LINE 2 UNION DIRECTORS RYAN, BAUMANN AND GEIB ARE EMPLOYEES OF TEAMSTERS LOCAL UNION NO. 125. EACH OF THE EMPLOYER DIRECTORS ARE EMPLOYED BY COMPANIES THAT HAVE COLLECTIVE BARGAINING AGREEMENTS WITH TEAMSTERS LOCAL UNION NO. 125. MEMBERS OF THE LOCAL UNION ARE EMPLOYED BY THE EMPLOYER DIRECTORS' COMPANIES AND THE TERMS AND CONDITIONS OF THAT EMPLOYMENT ARE NEGOTIATED BY THE EMPLOYERS AND THE LOCAL UNION IN THE COLLECTIVE BARGAINING PROCESS. FORM 990, PART VI, SECTION A, LINE 6 THE LOCAL 945 PENSION FUND BUILDING CORPORATION IS WHOLLY-OWNED BY TEAMSTERS LOCAL 945 PENSION FUND. THE CORPORATION HAS THE AUTHORITY TO ISSUE 2,500 SHARES, ALL OF WHICH ARE WITHOUT PAR VALUE, AND ALL OF WHICH ARE DESIGNATED AS COMMON STOCK. FORM 990, PART VI, SECTION A, LINE 7A THE EXECUTIVE BOARD OF TEAMSTERS LOCAL UNION NO. 125 SHALL DESIGNATE THE UNION DIRECTORS AND SHALL HAVE THE RIGHT AT ALL TIMES, WITH OR WITHOUT CAUSE, TO REMOVE AND REPLACE SUCH DIRECTOR SO DESIGNATED BY OR FOR THEM AND TO FILL ANY VACANCY OR VACANCIES CAUSED BY THE DEATH, REMOVAL, INCAPABILITY TO ACT UNDER THIS TRUST AGREEMENT, OR RESIGNATION OF SUCH DIRECTOR. A UNION DIRECTOR MAY BE REMOVED FROM OFFICE AT ANY TIME BY ACTION OF THE UNION, WRITTEN NOTICE OF SUCH ACTION TO BE DELIVERED TO THE DIRECTORS SERVING AT THAT TIME. EMPLOYER DIRECTORS ARE DESIGNATED BY A MAJORITY VOTE OF THE REMAINING EMPLOYER DIRECTORS. AN EMPLOYER DIRECTOR MAY BE REMOVED FROM OFFICE AT ANY TIME BY ACTION OF A MAJORITY OF THE EMPLOYERS, WRITTEN NOTICE OF SUCH ACTION TO BE DELIVERED TO THE DIRECTORS SERVING AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS FILING, THE FORM 990 WAS REVIEWED BY EACH OF THE DIRECTORS OF THE CORPORATION. THE BOARD OF DIRECTORS IS THE GOVERNING BODY OF THE CORPORATION AND CONSISTS OF ALL OF THE VOTING MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICTS OF INTEREST POLICY WAS ADOPTED BY THE CORPORATION'S BOARD OF DIRECTORS DURING THE YEAR ENDED DECEMBER 31, 2013. IT IS THE INTENTION OF THE BOARD OF DIRECTORS TO MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY ON AT LEAST AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUIRED REPORTS, RECORDS, AND DOCUMENTS ARE MADE AVAILABLE AT THE CORPORATION'S OFFICES UPON REQUEST. TEAMSTERS EMPLOYERS LOCAL 945 PENSION FUND 585 HAMBURG TURNPIKE WAYNE NJ 07470 226196388 PENSION FUND NJ 501(A) N/A 0 LOCAL 945 INTERNATIONAL BROTHERHOOD OF TEAMSTERS WELFARE FUND 585 HAMBURG TURNPIKE WAYNE NJ 07470 221644608 HEALTH & WELFARE FUND NJ 501(C)(9) N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 TEAMSTERS LOCAL 945 PENSION FUND J 34267 MARKET RENT TEAMSTERS LOCAL 945 WELFARE FUND J 52630 MARKET RENT