Laborers Local 235 Welfare Fund: FY2021 Nonprofit Profile & Form 990 (EIN 13-1777458)

Revenue by fiscal year
FY2020	$7.6M
FY2021	$8.9M
FY2022	$9.1M
FY2023	$10.8M
FY2024	$10.3M

Expenses by fiscal year
FY2020	$9.2M
FY2021	$8.4M
FY2022	$7.1M
FY2023	$6.1M
FY2024	$7.5M

Net assets by fiscal year
FY2020	$3.8M
FY2021	$4.4M
FY2022	$6.2M
FY2023	$11.1M
FY2024	$14.3M

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

Dario Boccarossa

Union Trustee

$0Pt VII · Sec A

Ralph Merritt

Union Trustee

$0Pt VII · Sec A

Salvatore Fusaro

Union Trustee

$0Pt VII · Sec A

Mark Fante

Emplyr Trustee

$0Pt VII · Sec A

Matthew Pepe

Emplyr Trustee

$0Pt VII · Sec A

Alan Seidman

Emplyr 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 2Yes
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

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1 program · in their own filed words · FY2021

01

Employer contributions from union contractors provide eligible members with welfare benefits

Form 990 Part III, line 4, FY2021. 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 FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$8.9M

Ln 12

Fees for servicesLn 2g$8.3M

Other incomeLn 4–11$644K

Investment incomeLn 3$48K

Money outPt IX

$8.4M

Ln 25

Owns and owesPt X

$4.4M

net assets · Ln 32

Cash and savingsLn 1–2$2.1M

Total assetsLn 16$5.5M

LiabilitiesLn 26$1.1M

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$8.3M

Investment incomeLn 3$48K

Other incomeLn 4–11$644K

Gains on assetsLn 7$124K

Total revenueLn 12$8.9M

Assets in detailPt X, end of year

CashLn 1$2.0M

SavingsLn 2$141K

Cash and savings togetherLn 1–2$2.1M

Accounts receivableLn 4$1.1M

Notes and loans receivableLn 7$128K

Land, buildings, equipmentLn 10c$29K

InvestmentsLn 11–13$2.0M

Other assetsLn 15$125K

Total assetsLn 16$5.5M

LiabilitiesLn 26$1.1M

Net assetsLn 32$4.4M

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$1.6M	$2.1M
InvestmentsLn 11–13	$1.8M	$2.0M
Land, buildings, equipmentLn 10c	$4K	$29K
Total assetsLn 16	$4.7M	$5.5M
LiabilitiesLn 26	$920K	$1.1M
Net assetsLn 32	$3.8M	$4.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$6.7M
Other salaries and wagesLn 7	$326K
Pension plan contributionsLn 8	$77K
Other employee benefitsLn 9	$140K
Payroll taxesLn 10	$25K
Legal feesLn 11b	$38K
Accounting feesLn 11c	$68K
Investment management feesLn 11f	$12K
Other fees for servicesLn 11g	$282K
Office expensesLn 13	$71K
OccupancyLn 16	$48K
Conferences, conventions and meetingsLn 19	$767
Depreciation, depletion and amortizationLn 22	$860
InsuranceLn 23	$400K
Other expenses (24a–d)Ln 24	$186K
Total functional expensesLn 25	$8.4M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled 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
FY2021 ViewingFiled 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 FY2021 990

Part I · Summary $8,948,322 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $6,711,204$8,256,899

I-10 Investment incomePrior year $409,207$172,100

I-11 Other revenuePrior year $477,690$519,323

I-12 Total revenuePrior year $7,598,101$8,948,322

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $7,652,596$6,679,673

I-15 Salaries and benefitsPrior year $560,311$567,051

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $998,783$1,104,842

I-18 Total expensesPrior year $9,211,690$8,351,566

I-19 Revenue less expensesPrior year −$1,613,589$596,756

Part VI · Governance 3 of 6 board members independent, 1 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members3

VI-2 Family or business relationship among officers or directorsYes

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 $8,948,322 across 5 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,256,899$8,256,899

VIII-3 Investment incomeRelated to mission $47,631$47,631

VIII-7 Net gain or loss on sales of assetsRelated to mission $124,469$124,469

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $519,323$519,323

VIII-12 Total revenueRelated to mission $8,948,322 · Unrelated business $0 · Excluded from tax $0$8,948,322

Part IX · Statement of functional expenses $8,351,566 across 15 lines filed

IX-4 Benefits paid to or for members$6,679,673

IX-7 Other salaries and wages$325,732

IX-8 Pension plan contributions$77,053

IX-9 Other employee benefits$139,563

IX-10 Payroll taxes$24,703

IX-11b Legal fees$37,960

IX-11c Accounting fees$67,664

IX-11f Investment management fees$11,585

IX-11g Other fees for services$282,008

IX-13 Office expenses$70,853

IX-16 Occupancy$47,508

IX-19 Conferences, conventions and meetings$767

IX-22 Depreciation, depletion and amortization$860

IX-23 Insurance$399,976

IX-24 Other expenses (24a–d)$185,661

IX-25 Total functional expenses$8,351,566

Part X · Balance sheet $5,513,928 assets, 16 lines filed

Net asset lines not itemized here account for $4,406,553. See the IRS return.

X-1 Cash, non-interest-bearingStart of year $1,427,628$2,004,361

X-2 Savings and temporary cash investmentsStart of year $147,340$140,683

X-4 Accounts receivableStart of year $694,369$1,116,964

X-7 Notes and loans receivableStart of year $138,748$127,801

X-10c Land, buildings and equipment, netStart of year $3,880$29,273

X-11 Publicly traded securitiesStart of year $1,820,333$1,969,942

X-15 Other assetsStart of year $516,261$124,904

X-16 Total assetsStart of year $4,748,559$5,513,928

X-17 Accounts payable and accrued expensesStart of year $146,740$141,102

X-25 Other liabilitiesStart of year $773,303$966,273

X-26 Total liabilitiesStart of year $920,043$1,107,375

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 $0$0

X-32 Total net assets or fund balancesStart of year $3,828,516$4,406,553

X-33 Total liabilities and net assetsStart of year $4,748,559$5,513,928

Part XI · Reconciliation of net assets $4,406,553 net assets at year end

XI-1 Total revenue$8,948,322

XI-2 Total expenses$8,351,566

XI-3 Revenue less expenses$596,756

XI-4 Net assets at start of year$3,828,516

XI-5 Net unrealized gains (losses) on investments−$18,719

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$4,406,553

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Laborers Local 235 Welfare Fund FY2021 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Laborers Local 235 Welfare Fund

By the numbers

Filing history

Schedules filed Part IV