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Laborers Local 235 Welfare Fund

Not tax-deductible

Elmsford, NYMutual-benefit / member-servingSince 1948Mutual / membership EIN 13-1777458Revenue $10.3M in FY2024Latest return filed Nov 4, 2025

On file with the IRSElmsford, NYTax-exempt since Jan 1959

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Employer contributions from union contractors provide eligible members with Welfare benefits.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 13-1777458) · Dispute this line
Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.7M a year · 18% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
6.6 mo
of spending, in cash
Plus $9.3M in investments, Pt X · Ln 11–13
6.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$496K
3% of total assets
Liabilities are 3% of assets.
Pt X · Ln 26
Independent board members
3
of 6 voting members
3 of 6 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$10.3M
-4% vs prior year
Spent
$7.5M
Net assets
$14.3M
By yearFY2020–FY2024
Revenue
$10.3M
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.6M
FY2021$8.9M
FY2022$9.1M
FY2023$10.8M
FY2024$10.3M
Expenses
$7.5M
FY2024▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.2M
FY2021$8.4M
FY2022$7.1M
FY2023$6.1M
FY2024$7.5M
Net assets
$14.3M
FY2024▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.8M
FY2021$4.4M
FY2022$6.2M
FY2023$11.1M
FY2024$14.3M

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

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1959.

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Miguel Cruz
Union Trustee
$0Pt VII · Sec A
Ralph J Merritt
Union Trustee
$0Pt VII · Sec A
Mark Fante
Employer Trustee
$0Pt VII · Sec A
Matthew Pepe
Employer Trustee
$0Pt VII · Sec A
Alan Seidman
Employer Trustee
$0Pt VII · Sec A
See Laborers Local 235 Welfare Fund executive salaries →

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 15aYes

Programs and updates

Provides welfare benefits to eligible members through union contractor contributions.

Questions for Laborers Local 235 Welfare Fund

Tap to ask. Laborers Local 235 Welfare Fund sees how many people are interested.

Your first name shows with your question. Laborers Local 235 Welfare Fund answers here, for everyone.

1 program · in their own filed words · FY2024
01

Employer contributions from union contractors provide eligible members with welfare benefits

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 13-1777458) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$10.3M
Ln 12
Fees for servicesLn 2g$9.2M
Other incomeLn 4–11$581K
Investment incomeLn 3$506K
Money outPt IX
$7.5M
Ln 25
Owns and owesPt X
$14.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.1M
Total assetsLn 16$14.8M
LiabilitiesLn 26$496K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$9.2M
Investment incomeLn 3$506K
Other incomeLn 4–11$581K
Gains on assetsLn 7$79K
Total revenueLn 12$10.3M
Assets in detailPt X, end of year
CashLn 1$2.5M
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$4.1M
Accounts receivableLn 4$1.2M
Notes and loans receivableLn 7$90K
Land, buildings, equipmentLn 10c$31K
InvestmentsLn 11–13$9.3M
Other assetsLn 15$76K
Total assetsLn 16$14.8M
LiabilitiesLn 26$496K
Net assetsLn 32$14.3M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$7.7M$4.1M
InvestmentsLn 11–13$2.5M$9.3M
Land, buildings, equipmentLn 10c$42K$31K
Total assetsLn 16$11.9M$14.8M
LiabilitiesLn 26$851K$496K
Net assetsLn 32$11.1M$14.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$5.8M
Other salaries and wagesLn 7$316K
Pension plan contributionsLn 8$69K
Other employee benefitsLn 9$166K
Payroll taxesLn 10$26K
Legal feesLn 11b$46K
Accounting feesLn 11c$19K
Investment management feesLn 11f$30K
Other fees for servicesLn 11g$277K
Office expensesLn 13$130K
Information technologyLn 14$60K
OccupancyLn 16$48K
Conferences, conventions and meetingsLn 19$728
Depreciation, depletion and amortizationLn 22$11K
InsuranceLn 23$409K
Other expenses (24a–d)Ln 24$173K
Total functional expensesLn 25$7.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 4, 2025 $10.3M$7.5M$2.8M$14.3M 990 PDF
FY2023Filed with the IRS Nov 11, 2024 $10.8M$6.1M$4.7M$11.1M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $9.1M$7.1M$2.1M$6.2M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $8.9M$8.4M$597K$4.4M 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $7.6M$9.2M−$1.6M$3.8M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $10,323,344 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $10,050,558$9,236,280
I-10 Investment incomePrior year $243,561$506,159
I-11 Other revenuePrior year $471,554$580,905
I-12 Total revenuePrior year $10,765,673$10,323,344
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $4,511,853$5,763,826
I-15 Salaries and benefitsPrior year $483,466$575,557
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,064,209$1,202,072
I-18 Total expensesPrior year $6,059,528$7,541,455
I-19 Revenue less expensesPrior year $4,706,145$2,781,889
Part VI · Governance 3 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,323,344 across 5 lines filed
Lines not itemized here account for $13,856 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,236,280$9,236,280
VIII-3 Investment incomeExcluded from tax $426,894$426,894
VIII-7 Net gain or loss on sales of assetsExcluded from tax $79,265$79,265
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $567,049$567,049
VIII-12 Total revenueRelated to mission $9,803,329 · Unrelated business $0 · Excluded from tax $520,015$10,323,344
Part IX · Statement of functional expenses $7,541,455 across 16 lines filed
IX-4 Benefits paid to or for members$5,763,826
IX-7 Other salaries and wages$315,684
IX-8 Pension plan contributions$68,514
IX-9 Other employee benefits$165,554
IX-10 Payroll taxes$25,805
IX-11b Legal fees$45,820
IX-11c Accounting fees$19,200
IX-11f Investment management fees$30,436
IX-11g Other fees for services$276,527
IX-13 Office expenses$129,560
IX-14 Information technology$59,766
IX-16 Occupancy$47,508
IX-19 Conferences, conventions and meetings$728
IX-22 Depreciation, depletion and amortization$11,069
IX-23 Insurance$408,865
IX-24 Other expenses (24a–d)$172,593
IX-25 Total functional expenses$7,541,455
Part X · Balance sheet $14,788,786 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $7,601,539$2,541,998
X-2 Savings and temporary cash investmentsStart of year $139,392$1,591,956
X-4 Accounts receivableStart of year $1,515,064$1,202,851
X-7 Notes and loans receivableStart of year $103,304$89,611
X-10c Land, buildings and equipment, netStart of year $42,250$31,181
X-11 Publicly traded securitiesStart of year $2,450,609$9,255,557
X-15 Other assetsStart of year $66,162$75,632
X-16 Total assetsStart of year $11,918,320$14,788,786
X-17 Accounts payable and accrued expensesStart of year $514,218$402,891
X-25 Other liabilitiesStart of year $336,407$93,511
X-26 Total liabilitiesStart of year $850,625$496,402
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $11,067,695$14,292,384
X-32 Total net assets or fund balancesStart of year $11,067,695$14,292,384
X-33 Total liabilities and net assetsStart of year $11,918,320$14,788,786
Part XI · Reconciliation of net assets $14,292,384 net assets at year end
XI-1 Total revenue$10,323,344
XI-2 Total expenses$7,541,455
XI-3 Revenue less expenses$2,781,889
XI-4 Net assets at start of year$11,067,695
XI-5 Net unrealized gains (losses) on investments$442,800
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,292,384

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

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