Laborers Local 235 Welfare Fund: FY2022 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

Jarainare B Arellano

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 · FY2022

01

Employer contributions from union contractors provide eligible members with welfare benefits

Form 990 Part III, line 4, FY2022. 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 FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$9.1M

Ln 12

Fees for servicesLn 2g$8.6M

Other incomeLn 4–11$503K

Investment incomeLn 3$65K

Money outPt IX

$7.1M

Ln 25

Owns and owesPt X

$6.2M

net assets · Ln 32

Cash and savingsLn 1–2$3.5M

Total assetsLn 16$7.4M

LiabilitiesLn 26$1.2M

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$8.6M

Investment incomeLn 3$65K

Other incomeLn 4–11$503K

Gains on assetsLn 7$16K

Total revenueLn 12$9.1M

Assets in detailPt X, end of year

CashLn 1$3.4M

SavingsLn 2$132K

Cash and savings togetherLn 1–2$3.5M

Accounts receivableLn 4$1.3M

Notes and loans receivableLn 7$116K

Land, buildings, equipmentLn 10c$31K

InvestmentsLn 11–13$2.2M

Other assetsLn 15$168K

Total assetsLn 16$7.4M

LiabilitiesLn 26$1.2M

Net assetsLn 32$6.2M

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 FY22	End FY22
Cash and savingsLn 1–2	$2.1M	$3.5M
InvestmentsLn 11–13	$2.0M	$2.2M
Land, buildings, equipmentLn 10c	$29K	$31K
Total assetsLn 16	$5.5M	$7.4M
LiabilitiesLn 26	$1.1M	$1.2M
Net assetsLn 32	$4.4M	$6.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$5.5M
Other salaries and wagesLn 7	$312K
Pension plan contributionsLn 8	$68K
Other employee benefitsLn 9	$154K
Payroll taxesLn 10	$24K
Legal feesLn 11b	$37K
Accounting feesLn 11c	$19K
Investment management feesLn 11f	$13K
Other fees for servicesLn 11g	$250K
Office expensesLn 13	$81K
OccupancyLn 16	$48K
Conferences, conventions and meetingsLn 19	$728
Depreciation, depletion and amortizationLn 22	$7K
InsuranceLn 23	$383K
Other expenses (24a–d)Ln 24	$162K
Total functional expensesLn 25	$7.1M

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
FY2022 ViewingFiled 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 FY2022 990

Part I · Summary $9,149,303 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $8,256,899$8,581,687

I-10 Investment incomePrior year $172,100$80,670

I-11 Other revenuePrior year $519,323$486,946

I-12 Total revenuePrior year $8,948,322$9,149,303

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

I-14 Benefits paid to membersPrior year $6,679,673$5,492,466

I-15 Salaries and benefitsPrior year $567,051$558,328

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

I-17 Other expensesPrior year $1,104,842$999,848

I-18 Total expensesPrior year $8,351,566$7,050,642

I-19 Revenue less expensesPrior year $596,756$2,098,661

Part VI · Governance 4 of 6 board members independent, 1 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members4

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 $9,149,303 across 5 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,581,687$8,581,687

VIII-3 Investment incomeRelated to mission $64,803$64,803

VIII-7 Net gain or loss on sales of assetsRelated to mission $15,867$15,867

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $486,946$486,946

VIII-12 Total revenueRelated to mission $9,149,303 · Unrelated business $0 · Excluded from tax $0$9,149,303

Part IX · Statement of functional expenses $7,050,642 across 15 lines filed

IX-4 Benefits paid to or for members$5,492,466

IX-7 Other salaries and wages$312,476

IX-8 Pension plan contributions$67,970

IX-9 Other employee benefits$153,916

IX-10 Payroll taxes$23,966

IX-11b Legal fees$36,617

IX-11c Accounting fees$19,200

IX-11f Investment management fees$12,744

IX-11g Other fees for services$249,979

IX-13 Office expenses$81,228

IX-16 Occupancy$47,508

IX-19 Conferences, conventions and meetings$728

IX-22 Depreciation, depletion and amortization$6,827

IX-23 Insurance$383,075

IX-24 Other expenses (24a–d)$161,942

IX-25 Total functional expenses$7,050,642

Part X · Balance sheet $7,369,270 assets, 16 lines filed

Net asset lines not itemized here account for $6,175,813. See the IRS return.

X-1 Cash, non-interest-bearingStart of year $2,004,361$3,398,088

X-2 Savings and temporary cash investmentsStart of year $140,683$131,684

X-4 Accounts receivableStart of year $1,116,964$1,307,669

X-7 Notes and loans receivableStart of year $127,801$116,010

X-10c Land, buildings and equipment, netStart of year $29,273$31,050

X-11 Publicly traded securitiesStart of year $1,969,942$2,217,248

X-15 Other assetsStart of year $124,904$167,521

X-16 Total assetsStart of year $5,513,928$7,369,270

X-17 Accounts payable and accrued expensesStart of year $141,102$206,307

X-25 Other liabilitiesStart of year $966,273$987,150

X-26 Total liabilitiesStart of year $1,107,375$1,193,457

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 $4,406,553$6,175,813

X-33 Total liabilities and net assetsStart of year $5,513,928$7,369,270

Part XI · Reconciliation of net assets $6,175,813 net assets at year end

XI-1 Total revenue$9,149,303

XI-2 Total expenses$7,050,642

XI-3 Revenue less expenses$2,098,661

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

XI-5 Net unrealized gains (losses) on investments−$329,401

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$6,175,813

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Laborers Local 235 Welfare Fund FY2022 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