Guards and Security 1412 Welfare Fund: Nonprofit Profile, Financials & Form 990 (EIN 22-2325150)

Revenue by fiscal year
FY2020	$470K
FY2021	$541K
FY2022	$578K
FY2023	$186K

Expenses by fiscal year
FY2020	$375K
FY2021	$429K
FY2022	$493K
FY2023	$319K

Net assets by fiscal year
FY2020	$306K
FY2021	$417K
FY2022	$502K
FY2023	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Who runs it and what they're paid

3 people listed on the 990; $54K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Michael Ciallella

Fund Administrator

$54,279Pt VII · Sec A

Gary Carullo

Trustee

$0Pt VII · Sec A

James Carlucci

Trustee

$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

Name	FY2023	FY2022	FY2021	FY2020
Michael Ciallella	$54,279	$53,039	$53,942	$50,200

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 Guards and Security 1412 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides health and welfare benefits to those in need.

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1 program · in their own filed words · FY2022

01

The fund was created for the purpose of providing welfare benefits authorized or permitted by law for paticipants and their eligible dependents and beneficiaries.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$186K

Ln 12

Fees for servicesLn 2g$176K

Other incomeLn 4–11$10K

Investment incomeLn 3$1K

Money outPt IX

$319K

Ln 25

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A1

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$176K

Investment incomeLn 3$1K

Other incomeLn 4–11$10K

Total revenueLn 12$186K

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 52

VolunteersI 60

Fiscal year endsHeaderAugust

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$439K	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$502K	$0
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$502K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$235K
Pay of current officers, directors and key staffLn 5	$18K
Other salaries and wagesLn 7	$5K
Payroll taxesLn 10	$18K
Legal feesLn 11b	$4K
Accounting feesLn 11c	$6K
Office expensesLn 13	$10K
InsuranceLn 23	$7K
Other expenses (24a–d)Ln 24	$18K
Total functional expensesLn 25	$319K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Latest ViewingFiled with the IRS Jun 27, 2024	$186K	$319K	−$133K	$0	990 PDF
FY2022Filed with the IRS Jul 5, 2023	$578K	$493K	$85K	$502K	990 PDF
FY2021Filed with the IRS Jun 14, 2022	$541K	$429K	$111K	$417K	990 PDF
FY2020Filed with the IRS Jul 14, 2021	$470K	$375K	$95K	$306K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $186,370 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $545,889$175,595

I-10 Investment incomePrior year $149$1,045

I-11 Other revenuePrior year $32,231$9,730

I-12 Total revenuePrior year $578,269$186,370

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

I-14 Benefits paid to membersPrior year $357,291$235,365

I-15 Salaries and benefitsPrior year $71,249$40,328

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

I-17 Other expensesPrior year $64,252$43,656

I-18 Total expensesPrior year $492,792$319,349

I-19 Revenue less expensesPrior year $85,477−$132,979

Part VI · Governance 3 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

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

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $186,370 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $175,595$175,595

VIII-3 Investment incomeExcluded from tax $1,045$1,045

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,730$9,730

VIII-12 Total revenueRelated to mission $185,325 · Unrelated business $0 · Excluded from tax $1,045$186,370

Part IX · Statement of functional expenses $319,349 across 9 lines filed

IX-4 Benefits paid to or for members$235,365

IX-5 Pay of current officers, directors and key staff$17,540

IX-7 Other salaries and wages$5,075

IX-10 Payroll taxes$17,713

IX-11b Legal fees$3,500

IX-11c Accounting fees$5,500

IX-13 Office expenses$9,627

IX-23 Insurance$7,120

IX-24 Other expenses (24a–d)$17,909

IX-25 Total functional expenses$319,349

Part X · Balance sheet $0 assets, 22 lines filed

X-1 Cash, non-interest-bearingStart of year $296,656$0

X-2 Savings and temporary cash investmentsStart of year $142,486$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivableStart of year $62,978$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, netStart of year $0$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $502,120$0

X-26 Total liabilitiesStart of year $0$0

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 $502,120$0

X-32 Total net assets or fund balancesStart of year $502,120$0

X-33 Total liabilities and net assetsStart of year $502,120$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$186,370

XI-2 Total expenses$319,349

XI-3 Revenue less expenses−$132,979

XI-4 Net assets at start of year$502,120

XI-9 Other changes in net assets−$369,141

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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