2024-11-14T12:59:17-06:00 2023-12-31 510435869 Needles & Associates LLC 350 Interlocken Blvd STE 360 Broomfield CO 80021 990 2023-01-01 541363072 LOCAL 305 NPMHU WELFARE BENEFIT TRUST LOCA 8043584664 4907 FITZHUGH AVENUE 100 RICHMOND VA 232303533 Lafon Robinson Trustee 8043584664 2024-11-14 1 0 Kurt Needles CPA P00850236 3034304225 2024-11-14 2023 2024-10-15 13:58:12Z Lafon Robinson 4907 FITZHUGH AVENUE 100 RICHMOND VA 232303533 249879 0 X www.L305.org X 1986 VA SEE PART III, LINE 1 4 4 0 0 0 0 0 0 0 0 111711 171376 0 0 111711 171376 0 0 77805 72367 20000 20000 0 0 0 46013 35281 143818 127648 -32107 43728 6334366 7389651 9637 806 6324729 7388845 X THE VEBA IS MAINTAINED TO PROVIDE BENEFITS FOR ELIGIBLE UNION MEMBERS WHO ARE SICK AND HAVE EXHAUSTED LEAVE FROM THE U.S. POSTAL SERVICE, TO PROVIDE A ONE-TIME LUMP SUM PAYOUT TO THE BENEFICIARIES OF DECEASED UNION MEMBERS, AND TO PROVIDE SCHOLARSHIP ASSISTANCE FOR ELIGIBLE PARTICIPANTS. 0 0 THE SICK PLAN PROVIDES A BENEFIT TO ELIGIBLE UNION MEMBERS WHO MEET THE REQUIREMENTS OF THE PLAN, WHO ARE UNABLE TO WORK BECAUSE OF SICKNESS OR INJURY, AND WHO HAVE EXHAUSTED THE SICK LEAVE, ANNUAL LEAVE, ADVANCE LEAVE AND OTHER AVAILABLE BENEFITS PROVIDED BY THEIR EMPLOYER (S). THE DEATH PLAN PROVIDES A DEATH BENEFIT FOR ELIGIBLE UNION MEMBERS WHO MEET THE REQUIREMENTS OF THE PLAN AND WHO DIE BEFORE THE PLAN TERMINATES. THE DEATH BENEFIT PROVIDED IN THIS PLAN IS PAYABLE TO THE NAMED BENEFICIARY(IES) OF THE DECEASED ELIGIBLE UNION MEMBER. THE SCHOLARSHIP PLAN PROVIDES EDUCATIONAL OPPORTUNITIES FOR ELIGIBLE DEPENDENTS OF UNION MEMBERS BY PROVIDING FINANCIAL ASSISTANCE TO THOSE WHO MEET THE CONDITIONS OF ELIGIBILITY AND WHO ARE SELECTED PURSUANT TO ARTICLE III.C. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 X Lafon Robinson 8043584664 4907 Fitzhugh Avenue STE 100 Richmond VA 23230 Larry Patterson Trustee 0.50 X 10000 0 0 Felandria A Jackson Trustee 1.00 X X 0 0 0 Lafon Robinson Trustee 1.00 X X 0 0 0 Dwight Burnside Trustee 1.00 X 10000 0 0 Demetria Spratley Trustee 1.00 X X 0 0 0 20000 0 0 0 0 0 0 0 146879 146879 103000 78503 24497 24497 24497 171376 24497 0 146879 72367 20000 540 10000 119 7851 OTHER FEES 11771 ADMINISTRATIVE EXPENSES 5000 127648 93137 58439 13 2392 5886 5894 6235330 7322926 6334366 7389651 9637 806 9637 806 X 6324729 7388845 6324729 7388845 6334366 7389651 43728 1020388 0 X 0 1 X 1 0 0 CLAIMS PAYABLE 806 806 X 1191763 1020388 1020388 171375 0 171375 136478 0 136478 -8831 -8831 127647 Part X, Line 2: The trust funding benefits of the Plan received an exemption letter from the Internal Revenue Service stating that the trust is tax-exempt under the provision of Section 501(c)9 of the Internal Revenue Code. The Plan and the trust are required to operate in conformity with the Internal Revenue Code to maintain the tax-exempt status of the trust. Plan management believes that the Plan is being operated in compliance with the applicable requirements of the Internal Revenue Code. Accounting principles generally accepted in the United States of America require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if it has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Plan management has evaluated the Plan's tax positions and concluded that the Plan has taken no uncertain tax positions that would require financial statement recognition or disclosure for the years ended December 31, 2023 and 2022. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. With few exceptions, the Plan is no longer subject to tax examinations by tax authorities for years preceding December 31, 2019. Part XII, Line 4b - Other Adjustments: Sick Payable Form 990, Part VI, Section A, line 7a THE LOCAL 305, NATIONAL POSTAL MAIL HANDLERS UNION'S EXECUTIVE BOARD HAS THE POWER TO APPOINT AND REMOVE TRUSTEES. Form 990, Part VI, Section A, line 7b AS NOTED FOR LINE 7A, THE LOCAL 305, NATIONAL POSTAL MAIL HANDLERS UNION'S EXECUTIVE BOARD HAS THE POWER TO APPOINT AND REMOVE TRUSTEES. Form 990, Part VI, Section B, line 11b THE DRAFT FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE VEBA'S LEGAL COUNSEL. IT WAS THEN SUBMITTED TO THE TRUSTEES FOR VERIFICATION AND APPROVAL BEFORE FILING WITH THE IRS. Form 990, Part VI, Section C, line 19 THE TRUST EVALUATES EACH REQUEST FOR THESE DOCUMENTS AT THE TIME OF THE REQUEST.