I B E W Local 237 Welfare Fund

Not tax-deductible

Niagara Falls, NYMutual-benefit / member-servingSince 1958EIN 16-0834222Revenue $6.6M in FY2024

On file with the IRSibew237.comLpo Box 120, 14304-0000 · Niagara Falls, NYTax-exempt since May 1996

This page gets seen. Tell your story. Claim this org.

To provide members with medical and Welfare benefits

100¢ of each $1 spent went to programs.
$147K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $890K a year · 16% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$147K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$92K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 6 voting members
Fine: 3 of 6 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.6M
+0.4% vs prior year
Spent
$5.7M
To programs
100%
Net assets
$13.6M
By yearFY2020–FY2024
Revenue
$6.6M
FY2024+0.4%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$4.9M
FY2022$5.5M
FY2023$6.5M
FY2024$6.6M
Expenses
$5.7M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.4M
FY2021$3.7M
FY2022$4.6M
FY2023$5.3M
FY2024$5.7M
Net assets
$13.6M
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.6M
FY2021$10.1M
FY2022$9.7M
FY2023$11.9M
FY2024$13.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1996.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $5.7M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

8 people listed on the 990; $147K paid to officers and key staff.

Part VII, Section A · reportable compensation
Fund Administrator
$75,418Pt VII · Sec A
Assistant Fund Administrat
$36,514Pt VII · Sec A
Union Trustee
$22,880Pt VII · Sec A
Union Trustee
$11,971Pt VII · Sec A
Union Trustee
$559Pt VII · Sec A
Management Trustee
$0Pt VII · Sec A
Management Trustee
$0Pt VII · Sec A
Management Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Angela Stanisz$75,418$38,030$1,259——
Jessica M Westphal———$67,529$66,970
Ashley a Stogner$36,514$49,556$16,320——
Cody Samol$22,880$18,683———
Michael Prosser——$19,606$14,850$17,563
Fred Demais$11,971$11,103———
Craig Polley———$11,815—
John Scherrer$559$559$3,244$5,644$3,268

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 I B E W Local 237 Welfare Fund executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers members medical care and financial assistance.

Questions for I B E W Local 237 Welfare Fund

Tap to ask. I B E W Local 237 Welfare Fund sees how many people are interested.

Your first name shows with your question. I B E W Local 237 Welfare Fund answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $5.7M · in their own filed words · FY2024
01

The fund provides benefits to its members, including hospitalization, major medical, prescription drug, health and life insurance, dental and vision care, vacation, unemployment sub-pay, disability sub-pay, workers compensation sub-pay, education, and reimbursement of qualifying medical expenses.

$5.7Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.6M
Ln 12
Fees for servicesLn 2g$6.2M
Investment incomeLn 3$251K
Other incomeLn 4–11$121K
Money outPt IX
$5.7M
Ln 25
Programscol B$5.7M
Owns and owesPt X
$13.6M
net assets · Ln 32
Cash and savingsLn 1–2$420K
Total assetsLn 16$13.7M
LiabilitiesLn 26$92K
PeoplePt VI, VII
8
listed · VII A
PaidVII A5
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.2M
Investment incomeLn 3$251K
Other incomeLn 4–11$121K
Gains on assetsLn 7−$139K
Total revenueLn 12$6.6M
Assets in detailPt X, end of year
SavingsLn 2$420K
Cash and savings togetherLn 1–2$420K
InvestmentsLn 11–13$12.7M
Land, buildings, equipmentLn 10c$43K
Total assetsLn 16$13.7M
LiabilitiesLn 26$92K
Net assetsLn 32$13.6M
OperationsPt I, VI
EmployeesI 5191
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
LineStart FY24End FY24
Cash and savingsLn 1–2$568K$420K
InvestmentsLn 11–13$10.6M$12.7M
Land, buildings, equipmentLn 10c$51K$43K
Total assetsLn 16$12.1M$13.7M
LiabilitiesLn 26$217K$92K
Net assetsLn 32$11.9M$13.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$5.1M
Other salaries and wagesLn 7$107K
Other employee benefitsLn 9$40K
Payroll taxesLn 10$283K
Legal feesLn 11b$44K
Accounting feesLn 11c$37K
Investment management feesLn 11f$32K
Other fees for servicesLn 11g$33K
Office expensesLn 13$27K
OccupancyLn 16$14K
Conferences, conventions and meetingsLn 19$993
Depreciation, depletion and amortizationLn 22$9K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$15K
Total functional expensesLn 25$5.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $6.6M$5.7M$813K$13.6M 990 PDF
FY2023 $6.5M$5.3M$1.3M$11.9M 990 PDF
FY2022 $5.5M$4.6M$917K$9.7M 990 PDF
FY2021 $4.9M$3.7M$1.2M$10.1M 990 PDF
FY2020 $3.7M$3.4M$233K$8.6M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $6,561,563 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $6,198,714$6,190,157
I-10 Investment incomePrior year $218,812$250,776
I-11 Other revenuePrior year $117,090$120,630
I-12 Total revenuePrior year $6,534,616$6,561,563
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $4,662,011$5,100,673
I-15 Salaries and benefitsPrior year $378,904$430,871
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $209,686$217,149
I-18 Total expensesPrior year $5,250,601$5,748,693
I-19 Revenue less expensesPrior year $1,284,015$812,870
Part VI · Governance 3 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
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 $6,561,563 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,190,157$6,190,157
VIII-3 Investment incomeRelated to mission $389,916$389,916
VIII-7 Net gain or loss on sales of assetsRelated to mission −$139,140−$139,140
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $120,630$120,630
VIII-12 Total revenueRelated to mission $6,561,563 · Unrelated business $0 · Excluded from tax $0$6,561,563
Part IX · Statement of functional expenses $5,748,693 across 14 lines filed
IX-4 Benefits paid to or for members$5,100,673
IX-7 Other salaries and wages$107,198
IX-9 Other employee benefits$40,227
IX-10 Payroll taxes$283,446
IX-11b Legal fees$43,727
IX-11c Accounting fees$37,120
IX-11f Investment management fees$32,253
IX-11g Other fees for services$33,468
IX-13 Office expenses$27,404
IX-16 Occupancy$13,685
IX-19 Conferences, conventions and meetings$993
IX-22 Depreciation, depletion and amortization$8,504
IX-23 Insurance$5,339
IX-24 Other expenses (24a–d)$14,656
IX-25 Total functional expenses$5,748,693
Part X · Balance sheet $13,652,041 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $568,212$419,602
X-4 Accounts receivableStart of year $911,125$529,989
X-10c Land, buildings and equipment, netStart of year $51,025$42,521
X-11 Publicly traded securitiesStart of year $10,608,816$12,319,240
X-12 Other securities$340,689
X-16 Total assetsStart of year $12,139,178$13,652,041
X-17 Accounts payable and accrued expensesStart of year $70,295$90,990
X-25 Other liabilitiesStart of year $146,973$553
X-26 Total liabilitiesStart of year $217,268$91,543
X-32 Total net assets or fund balancesStart of year $11,921,910$13,560,498
X-33 Total liabilities and net assetsStart of year $12,139,178$13,652,041
Part XI · Reconciliation of net assets $13,560,498 net assets at year end
XI-1 Total revenue$6,561,563
XI-2 Total expenses$5,748,693
XI-3 Revenue less expenses$812,870
XI-4 Net assets at start of year$11,921,910
XI-5 Net unrealized gains (losses) on investments$825,718
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,560,498

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.