Laborers Local 235 Welfare Fund: FY2023 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

Chairman

$0Pt VII · Sec A

Ralph Merritt

Union Trustee

$0Pt VII · Sec A

Jarainare B Arellano

Union Trustee

$0Pt VII · Sec A

Mark Fante

Secretary

$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 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 · FY2023

01

Employer contributions from union contractors provide eligible members with welfare benefits

Form 990 Part III, line 4, FY2023. 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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$10.8M

Ln 12

Fees for servicesLn 2g$10.1M

Other incomeLn 4–11$469K

Investment incomeLn 3$247K

Money outPt IX

$6.1M

Ln 25

Owns and owesPt X

$11.1M

net assets · Ln 32

Cash and savingsLn 1–2$7.7M

Total assetsLn 16$11.9M

LiabilitiesLn 26$851K

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$10.1M

Investment incomeLn 3$247K

Other incomeLn 4–11$469K

Gains on assetsLn 7−$3K

Total revenueLn 12$10.8M

Assets in detailPt X, end of year

CashLn 1$7.6M

SavingsLn 2$139K

Cash and savings togetherLn 1–2$7.7M

Accounts receivableLn 4$1.5M

Notes and loans receivableLn 7$103K

Land, buildings, equipmentLn 10c$42K

InvestmentsLn 11–13$2.5M

Other assetsLn 15$66K

Total assetsLn 16$11.9M

LiabilitiesLn 26$851K

Net assetsLn 32$11.1M

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 FY23	End FY23
Cash and savingsLn 1–2	$3.5M	$7.7M
InvestmentsLn 11–13	$2.2M	$2.5M
Land, buildings, equipmentLn 10c	$31K	$42K
Total assetsLn 16	$7.4M	$11.9M
LiabilitiesLn 26	$1.2M	$851K
Net assetsLn 32	$6.2M	$11.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$4.5M
Other salaries and wagesLn 7	$253K
Pension plan contributionsLn 8	$60K
Other employee benefitsLn 9	$149K
Payroll taxesLn 10	$21K
Legal feesLn 11b	$44K
Accounting feesLn 11c	$19K
Investment management feesLn 11f	$13K
Other fees for servicesLn 11g	$272K
Office expensesLn 13	$95K
Information technologyLn 14	$28K
OccupancyLn 16	$48K
Conferences, conventions and meetingsLn 19	$860
Depreciation, depletion and amortizationLn 22	$10K
InsuranceLn 23	$376K
Other expenses (24a–d)Ln 24	$160K
Total functional expensesLn 25	$6.1M

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
FY2023 ViewingFiled 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 FY2023 990

Part I · Summary $10,765,673 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $8,581,687$10,050,558

I-10 Investment incomePrior year $80,670$243,561

I-11 Other revenuePrior year $486,946$471,554

I-12 Total revenuePrior year $9,149,303$10,765,673

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

I-14 Benefits paid to membersPrior year $5,492,466$4,511,853

I-15 Salaries and benefitsPrior year $558,328$483,466

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

I-17 Other expensesPrior year $999,848$1,064,209

I-18 Total expensesPrior year $7,050,642$6,059,528

I-19 Revenue less expensesPrior year $2,098,661$4,706,145

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 $10,765,673 across 5 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,050,558$10,050,558

VIII-3 Investment incomeExcluded from tax $246,588$246,588

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3,027−$3,027

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $471,554$471,554

VIII-12 Total revenueRelated to mission $10,522,112 · Unrelated business $0 · Excluded from tax $243,561$10,765,673

Part IX · Statement of functional expenses $6,059,528 across 16 lines filed

IX-4 Benefits paid to or for members$4,511,853

IX-7 Other salaries and wages$253,322

IX-8 Pension plan contributions$59,500

IX-9 Other employee benefits$149,485

IX-10 Payroll taxes$21,159

IX-11b Legal fees$43,510

IX-11c Accounting fees$19,200

IX-11f Investment management fees$13,039

IX-11g Other fees for services$271,703

IX-13 Office expenses$94,711

IX-14 Information technology$27,826

IX-16 Occupancy$47,508

IX-19 Conferences, conventions and meetings$860

IX-22 Depreciation, depletion and amortization$10,009

IX-23 Insurance$375,565

IX-24 Other expenses (24a–d)$160,278

IX-25 Total functional expenses$6,059,528

Part X · Balance sheet $11,918,320 assets, 16 lines filed

Net asset lines not itemized here account for $11,067,695. See the IRS return.

X-1 Cash, non-interest-bearingStart of year $3,398,088$7,601,539

X-2 Savings and temporary cash investmentsStart of year $131,684$139,392

X-4 Accounts receivableStart of year $1,307,669$1,515,064

X-7 Notes and loans receivableStart of year $116,010$103,304

X-10c Land, buildings and equipment, netStart of year $31,050$42,250

X-11 Publicly traded securitiesStart of year $2,217,248$2,450,609

X-15 Other assetsStart of year $167,521$66,162

X-16 Total assetsStart of year $7,369,270$11,918,320

X-17 Accounts payable and accrued expensesStart of year $910,257$514,218

X-25 Other liabilitiesStart of year $283,200$336,407

X-26 Total liabilitiesStart of year $1,193,457$850,625

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 $6,175,813$11,067,695

X-33 Total liabilities and net assetsStart of year $7,369,270$11,918,320

Part XI · Reconciliation of net assets $11,067,695 net assets at year end

XI-1 Total revenue$10,765,673

XI-2 Total expenses$6,059,528

XI-3 Revenue less expenses$4,706,145

XI-4 Net assets at start of year$6,175,813

XI-5 Net unrealized gains (losses) on investments$185,737

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$11,067,695

Form 990 e-file FY2023 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 FY2023 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