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Local 282 Building Trust Fund

Not tax-deductible

Lake Success, NY501(c)(5)Mutual / membership EIN 11-2735144Revenue $919K in FY2024

On file with the IRSteamsterslocal282.com2500 Marcus Avenue, 11042-1097 · Lake Success, NYTax-exempt since Mar 1988

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Organization's purpose is to hold title to the property that provides a permanent home for the international brotherhood of teamsters Local union 282 tchw and to operate educational and training programs to serve the needs of the local's membership and of capable individuals seeking to enter construction and related industries.

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $93K a year · 13% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
7 mo
of spending, in cash
Plus $481K in investments, Pt X · Ln 11–13
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$821K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$919K
+8% vs prior year
Spent
$573K
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$919K
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$561K
FY2021$640K
FY2022$732K
FY2023$848K
FY2024$919K
Expenses
$573K
FY2024▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$668K
FY2021$630K
FY2022$703K
FY2023$661K
FY2024$573K
Net assets
$3.3M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$2.7M
FY2022$2.8M
FY2023$3.0M
FY2024$3.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Local 282 Building Trust Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Owns property for union members and offers training for construction careers.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The organization's purpose is to hold title to the property that provides a permanent home for the international brotherhood of teamsters local union 282 TCHW and to operate educational and training programs to serve the needs of the local's membership and of capable individuals seeking to enter construction and related industries.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$919K
Ln 12
Fees for servicesLn 2g$892K
Investment incomeLn 3$27K
Money outPt IX
$573K
Ln 25
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$330K
Total assetsLn 16$4.1M
LiabilitiesLn 26$821K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$892K
Investment incomeLn 3$27K
Total revenueLn 12$919K
Assets in detailPt X, end of year
CashLn 1$330K
Cash and savings togetherLn 1–2$330K
InvestmentsLn 11–13$481K
Land, buildings, equipmentLn 10c$3.1M
Total assetsLn 16$4.1M
LiabilitiesLn 26$821K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$437K$330K
InvestmentsLn 11–13$73K$481K
Land, buildings, equipmentLn 10c$3.1M$3.1M
Total assetsLn 16$3.8M$4.1M
LiabilitiesLn 26$857K$821K
Net assetsLn 32$3.0M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$13K
Office expensesLn 13$45
OccupancyLn 16$50K
InterestLn 20$55K
Depreciation, depletion and amortizationLn 22$81K
InsuranceLn 23$22K
Other expenses (24a–d)Ln 24$332K
All other expensesLn 24e$20K
Total functional expensesLn 25$573K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $919K$573K$346K$3.3M 990 PDF
FY2023 $848K$661K$188K$3.0M 990 PDF
FY2022 $732K$703K$29K$2.8M 990 PDF
FY2021 $640K$630K$10K$2.7M 990 PDF
FY2020 $561K$668K−$107K$2.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $919,430 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $820,195$892,224
I-10 Investment incomePrior year $28,291$27,206
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $848,486$919,430
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $660,655$573,427
I-18 Total expensesPrior year $660,655$573,427
I-19 Revenue less expensesPrior year $187,831$346,003
Part VI · Governance 0 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $919,430 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $892,224$892,224
VIII-3 Investment incomeRelated to mission $27,206$27,206
VIII-12 Total revenueRelated to mission $919,430 · Unrelated business $0 · Excluded from tax $0$919,430
Part IX · Statement of functional expenses $573,427 across 8 lines filed
IX-11c Accounting fees$13,000
IX-13 Office expenses$45
IX-16 Occupancy$50,461
IX-20 Interest$55,434
IX-22 Depreciation, depletion and amortization$80,769
IX-23 Insurance$21,857
IX-24 Other expenses (24a–d)$331,741
IX-24e All other expenses$20,120
IX-25 Total functional expenses$573,427
Part X · Balance sheet $4,129,265 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $436,845$330,257
X-4 Accounts receivableStart of year $127,501$138,531
X-9 Prepaid expenses and deferred chargesStart of year $63,649$68,702
X-10c Land, buildings and equipment, netStart of year $3,118,205$3,110,859
X-11 Publicly traded securitiesStart of year $72,884$480,916
X-16 Total assetsStart of year $3,819,084$4,129,265
X-17 Accounts payable and accrued expensesStart of year $27,530$31,137
X-25 Other liabilitiesStart of year $829,722$790,293
X-26 Total liabilitiesStart of year $857,252$821,430
X-27 Net assets without donor restrictionsStart of year $2,961,832$3,307,835
X-32 Total net assets or fund balancesStart of year $2,961,832$3,307,835
X-33 Total liabilities and net assetsStart of year $3,819,084$4,129,265
Part XI · Reconciliation of net assets $3,307,835 net assets at year end
XI-1 Total revenue$919,430
XI-2 Total expenses$573,427
XI-3 Revenue less expenses$346,003
XI-4 Net assets at start of year$2,961,832
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,307,835

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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