Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1958.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
9 people listed on the 990; $128K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Thomas L Panek | — | $139,946 | $133,400 | $134,700 | $135,409 |
| Tracy Baugher - Eff 0724 | $128,154 | — | — | — | — |
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.
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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 welfare benefits funded by employer contributions for unionized laborers.
Questions for Buffalo Laborers Welfare Fund
Your first name shows with your question. Buffalo Laborers Welfare Fund answers here, for everyone.
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To provide health and other benefits to eligible paricipants and their dependents.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.0M | $1.5M |
| InvestmentsLn 11–13 | $20.4M | $23.1M |
| Land, buildings, equipmentLn 10c | $18K | $14K |
| Total assetsLn 16 | $23.1M | $27.2M |
| LiabilitiesLn 26 | $174K | $468K |
| Net assetsLn 32 | $22.9M | $26.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Benefits paid to or for membersLn 4 | $9.2M | |||
| Pay of current officers, directors and key staffLn 5 | $191K | |||
| Other salaries and wagesLn 7 | $211K | |||
| Pension plan contributionsLn 8 | $34K | |||
| Other employee benefitsLn 9 | $78K | |||
| Payroll taxesLn 10 | $45K | |||
| Legal feesLn 11b | $76K | |||
| Accounting feesLn 11c | $146K | |||
| Investment management feesLn 11f | $8K | |||
| Other fees for servicesLn 11g | $4K | |||
| Office expensesLn 13 | $51K | |||
| Information technologyLn 14 | $67K | |||
| OccupancyLn 16 | $40K | |||
| Conferences, conventions and meetingsLn 19 | $37K | |||
| Depreciation, depletion and amortizationLn 22 | $8K | |||
| InsuranceLn 23 | $21K | |||
| Other expenses (24a–d)Ln 24 | −$332K | |||
| Total functional expensesLn 25 | $9.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $12.8M | $9.9M | $3.0M | $26.7M | 990 PDF |
| FY2024 | $11.3M | $10.1M | $1.2M | $22.9M | 990 PDF |
| FY2023 | $10.4M | $9.5M | $841K | $20.9M | 990 PDF |
| FY2022 | $10.3M | $9.6M | $678K | $19.9M | 990 PDF |
| FY2021 | $9.6M | $9.1M | $425K | $20.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $12,845,204 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 2 to look at
Part VIII · Statement of revenue $12,845,204 across 4 lines filed
Part IX · Statement of functional expenses $9,861,140 across 17 lines filed
Part X · Balance sheet $27,205,097 assets, 13 lines filed
Part XI · Reconciliation of net assets $26,737,189 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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