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Operative Plasterers & Cement FY2022 filing

Not tax-deductible

Jersey City, NJ501(c)(5)EIN 22-1507478Revenue $1.6M in FY2022

On file with the IRS130 Central Ave Ste 24, 07306-2118 · Jersey City, NJTax-exempt since Jul 1940

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Welfare benefit plan

$64K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
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
2 of 5
filings with a surplus
Average deficit $84K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$64K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$186K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+13% vs prior year
Spent
$1.8M
To programs
0%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$1.6M
FY2022▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$1.4M
FY2022$1.6M
FY2023$1.3M
FY2024$1.4M
Expenses
$1.8M
FY2022▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.9M
FY2022$1.8M
FY2023$1.2M
FY2024$1.5M
Net assets
$3.1M
FY2022▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.0M
FY2021$3.5M
FY2022$3.1M
FY2023$3.3M
FY2024$3.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1940.

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

Who runs it and what they're paid

7 people listed on the 990; $64K paid to officers and key staff.

Part VII, Section A · reportable compensation
Marc L Gallo
Administrator
$34,705Pt VII · Sec A
$28,921Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Marc L Gallo$46,167$35,903$34,705$39,866—
Charles Rolon JR$40,019$29,919$28,921$27,976—
Marc Gallo————$38,880
Charlie Rolon JR————$25,239

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operative Plasterers & Cement is a member-serving organization based in Jersey City, NJ.

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Provided by the organization

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1 program · $1.8M · in their own filed words · FY2022
01

Welfare fund for the purpose of providing health, prescription, dental and vision benefits for eligible plan participants and their dependents pursuant to collective bargaining agreements with particpating employers.

$1.8Mprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.5M
Other incomeLn 4–11$34K
Investment incomeLn 3$9K
Money outPt IX
$1.8M
Ln 25
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$3.3M
LiabilitiesLn 26$186K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$9K
Other incomeLn 4–11$34K
Gains on assetsLn 7−$36K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$148K
SavingsLn 2$910K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$2.2M
Land, buildings, equipmentLn 10c$463
Total assetsLn 16$3.3M
LiabilitiesLn 26$186K
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$635K$1.1M
InvestmentsLn 11–13$2.8M$2.2M
Land, buildings, equipmentLn 10c$1K$463
Total assetsLn 16$3.5M$3.3M
LiabilitiesLn 26$15K$186K
Net assetsLn 32$3.5M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$1.3M
Pay of current officers, directors and key staffLn 5$97K
Other salaries and wagesLn 7$205
Payroll taxesLn 10$7K
Legal feesLn 11b$6K
Accounting feesLn 11c$11K
Investment management feesLn 11f$22K
Other fees for servicesLn 11g$61K
Office expensesLn 13$1K
Information technologyLn 14$8K
OccupancyLn 16$11K
Conferences, conventions and meetingsLn 19$50
Depreciation, depletion and amortizationLn 22$930
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$251K$251K
Total functional expensesLn 25$1.8M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.4M$1.5M−$146K$3.2M 990 PDF
FY2023 $1.3M$1.2M$71K$3.3M 990 PDF
FY2022 Viewing $1.6M$1.8M−$217K$3.1M 990 PDF
FY2021 $1.4M$1.9M−$503K$3.5M 990 PDF
FY2020 $2.1M$1.7M$377K$4.0M 990 PDF

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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 FY2022 990 (6 parts)
Part I · Summary $1,575,747 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,265,485$1,533,227
I-10 Investment incomePrior year $94,524$8,802
I-11 Other revenuePrior year $36,504$33,718
I-12 Total revenuePrior year $1,396,513$1,575,747
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $1,230,762$1,309,728
I-15 Salaries and benefitsPrior year $132,594$104,362
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $535,840$378,451
I-18 Total expensesPrior year $1,899,196$1,792,541
I-19 Revenue less expensesPrior year −$502,683−$216,794
Part VI · Governance 5 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,575,747 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,533,227$1,533,227
VIII-3 Investment incomeRelated to mission $44,477$44,477
VIII-7 Net gain or loss on sales of assetsRelated to mission −$35,675−$35,675
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $33,718$33,718
VIII-12 Total revenueRelated to mission $1,575,747 · Unrelated business $0 · Excluded from tax $0$1,575,747
Part IX · Statement of functional expenses $1,792,541 across 15 lines filed
IX-4 Benefits paid to or for members$1,309,728
IX-5 Pay of current officers, directors and key staff$97,180
IX-7 Other salaries and wages$205
IX-10 Payroll taxes$6,977
IX-11b Legal fees$6,150
IX-11c Accounting fees$10,580
IX-11f Investment management fees$22,453
IX-11g Other fees for services$60,794
IX-13 Office expenses$1,116
IX-14 Information technology$7,793
IX-16 Occupancy$10,581
IX-19 Conferences, conventions and meetings$50
IX-22 Depreciation, depletion and amortization$930
IX-23 Insurance$7,342
IX-24 Other expenses (24a–d)Programs $250,662$250,662
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,792,541
Part X · Balance sheet $3,264,789 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $123,699$147,659
X-2 Savings and temporary cash investmentsStart of year $511,120$910,193
X-10c Land, buildings and equipment, netStart of year $1,393$463
X-11 Publicly traded securitiesStart of year $2,782,960$2,206,474
X-16 Total assetsStart of year $3,517,524$3,264,789
X-17 Accounts payable and accrued expensesStart of year $14,720$185,777
X-26 Total liabilitiesStart of year $14,720$185,777
X-32 Total net assets or fund balancesStart of year $3,502,804$3,079,012
X-33 Total liabilities and net assetsStart of year $3,517,524$3,264,789
Part XI · Reconciliation of net assets $3,079,012 net assets at year end
XI-1 Total revenue$1,575,747
XI-2 Total expenses$1,792,541
XI-3 Revenue less expenses−$216,794
XI-4 Net assets at start of year$3,502,804
XI-5 Net unrealized gains (losses) on investments−$206,998
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,079,012

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

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