Licensed Practical Nurses Welfare Fund: Nonprofit Profile, Financials & Form 990 (EIN 13-2623987)

Revenue by fiscal year
FY2020	$1.3M
FY2021	$1.2M
FY2022	$979K
FY2023	$810K
FY2024	$1.0M

Expenses by fiscal year
FY2020	$1.2M
FY2021	$1.3M
FY2022	$1.1M
FY2023	$1.3M
FY2024	$956K

Net assets by fiscal year
FY2020	$7.5M
FY2021	$7.2M
FY2022	$6.2M
FY2023	$5.8M
FY2024	$5.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1971.

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

Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation

Vicky Reid

Trustee

$0Pt VII · Sec A

Dan Ratner

Union Trustee

$0Pt VII · Sec A

Stacylea Gray

Union Trustee

$0Pt VII · Sec A

Joyce Neil

Union Trustee - Former

$0Pt VII · Sec A

Kim Cameron

Trustee - Former

$0Pt VII · Sec A

Joseph Chinea

Union Trustee

$0Pt VII · Sec A

Fabiola Buddan-Mais

Trustee

$0Pt VII · Sec A

Lorraine Henry-Dempsey

Trustee

$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

Name	FY2021	FY2020
Lorraine Monchak	$481	$373
Mitra Behroozi	$294	$291
Jeffrey Stein	$260	$209
Van H Dunn	$205	$210
Stacey Millman	$189	$179

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Licensed Practical Nurses 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 15aNo

Programs and updates

Offers health and other benefits to eligible individuals.

Questions for Licensed Practical Nurses Welfare Fund

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1 program · in their own filed words · FY2024

01

Provided health and other benefits to approx. 400 eligible participants

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 13-2623987) · 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

$1.0M

Ln 12

Fees for servicesLn 2g$597K

Other incomeLn 4–11$235K

Investment incomeLn 3$187K

Money outPt IX

$956K

Ln 25

Owns and owesPt X

$5.7M

net assets · Ln 32

Cash and savingsLn 1–2$1.1M

Total assetsLn 16$5.8M

LiabilitiesLn 26$34K

PeoplePt VI, VII

18

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$597K

Investment incomeLn 3$187K

Other incomeLn 4–11$235K

Total revenueLn 12$1.0M

Assets in detailPt X, end of year

CashLn 1$477K

SavingsLn 2$646K

Cash and savings togetherLn 1–2$1.1M

Accounts receivableLn 4$448K

Prepaid expenses and deferred chargesLn 9$13K

InvestmentsLn 11–13$4.2M

Other assetsLn 15$43K

Total assetsLn 16$5.8M

LiabilitiesLn 26$34K

Net assetsLn 32$5.7M

OperationsPt I, VI

EmployeesI 522

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 FY24	End FY24
Cash and savingsLn 1–2	$472K	$1.1M
InvestmentsLn 11–13	$5.0M	$4.2M
Total assetsLn 16	$5.8M	$5.8M
LiabilitiesLn 26	$37K	$34K
Net assetsLn 32	$5.8M	$5.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$860K
Legal feesLn 11b	$15K
Accounting feesLn 11c	$18K
Other fees for servicesLn 11g	$49K
Office expensesLn 13	$479
Other expenses (24a–d)Ln 24	$13K
Total functional expensesLn 25	$956K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025	$1.0M	$956K	$62K	$5.7M	990 PDF
FY2023Filed with the IRS Nov 15, 2024	$810K	$1.3M	−$489K	$5.8M	990 PDF
FY2022Filed with the IRS Nov 15, 2023	$979K	$1.1M	−$90K	$6.2M	990 PDF
FY2021Filed with the IRS Nov 15, 2022	$1.2M	$1.3M	−$109K	$7.2M	990 PDF
FY2020Filed with the IRS Nov 15, 2021	$1.3M	$1.2M	$41K	$7.5M	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $1,018,768 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $635,995$596,846

I-10 Investment incomePrior year $172,895$187,135

I-11 Other revenuePrior year $659$234,787

I-12 Total revenuePrior year $809,549$1,018,768

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

I-14 Benefits paid to membersPrior year $1,191,435$860,497

I-15 Salaries and benefitsPrior year $0$0

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

I-17 Other expensesPrior year $107,604$95,928

I-18 Total expensesPrior year $1,299,039$956,425

I-19 Revenue less expensesPrior year −$489,490$62,343

Part VI · Governance 3 of 7 board members independent, 2 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members3

VI-2 Family or business relationship among officers or directorsYes

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $1,018,768 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $596,846$596,846

VIII-3 Investment incomeExcluded from tax $187,135$187,135

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $234,787$234,787

VIII-12 Total revenueRelated to mission $831,633 · Unrelated business $0 · Excluded from tax $187,135$1,018,768

Part IX · Statement of functional expenses $956,425 across 6 lines filed

IX-4 Benefits paid to or for members$860,497

IX-11b Legal fees$15,000

IX-11c Accounting fees$17,625

IX-11g Other fees for services$49,348

IX-13 Office expenses$479

IX-24 Other expenses (24a–d)$13,476

IX-25 Total functional expenses$956,425

Part X · Balance sheet $5,779,338 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $266,107$476,726

X-2 Savings and temporary cash investmentsStart of year $205,951$645,972

X-4 Accounts receivableStart of year $360,076$448,463

X-9 Prepaid expenses and deferred chargesStart of year $29,598$13,061

X-11 Publicly traded securitiesStart of year $4,966,366$4,152,409

X-15 Other assetsStart of year $3,454$42,707

X-16 Total assetsStart of year $5,831,552$5,779,338

X-17 Accounts payable and accrued expensesStart of year $37,378$33,892

X-26 Total liabilitiesStart of year $37,378$33,892

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 $5,794,174$5,745,446

X-32 Total net assets or fund balancesStart of year $5,794,174$5,745,446

X-33 Total liabilities and net assetsStart of year $5,831,552$5,779,338

Part XI · Reconciliation of net assets $5,745,446 net assets at year end

XI-1 Total revenue$1,018,768

XI-2 Total expenses$956,425

XI-3 Revenue less expenses$62,343

XI-4 Net assets at start of year$5,794,174

XI-5 Net unrealized gains (losses) on investments−$111,071

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$5,745,446

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

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Licensed Practical Nurses Welfare Fund

Before you give

Is it real?

Who runs it and what they're paid

Compensation history total reportable pay by year · 5 named individuals · Part VII

Questions the 990 asks

Programs and updates

Questions for Licensed Practical Nurses Welfare Fund

By the numbers

Filing history

Schedules filed Part IV