Asbestos Workers Local 25 Sub Fund: Nonprofit Profile, Financials & Form 990 (EIN 23-7114574)

Revenue by fiscal year
FY2021	$841K
FY2022	$440K
FY2023	$350K
FY2024	$902K
FY2025	$663K

Expenses by fiscal year
FY2021	$220K
FY2022	$239K
FY2023	$190K
FY2024	$153K
FY2025	$314K

Net assets by fiscal year
FY2021	$2.9M
FY2022	$3.1M
FY2023	$3.3M
FY2024	$4.0M
FY2025	$4.4M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1985.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $314K

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

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Constance Vincent

Trustee

$0Pt VII · Sec A

Rich Goupille

Trustee

$0Pt VII · Sec A

Bob Wright

Administrator

$0Pt VII · Sec A

Micha Vincent

Trustee

$0Pt VII · Sec A

See Asbestos Workers Local 25 Sub Fund executive salaries →

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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

Asbestos Workers Local 25 Sub Fund is a member-serving organization based in Southfield, MI.

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Provided by the organization

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1 program · $314K · in their own filed words · FY2024

01

Provide unemployment benefits

$314Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$663K

Ln 12

Fees for servicesLn 2g$374K

Other incomeLn 4–11$160K

Investment incomeLn 3$129K

Money outPt IX

$314K

Ln 25

Programscol B$314K

Owns and owesPt X

$4.4M

net assets · Ln 32

Cash and savingsLn 1–2$530K

Total assetsLn 16$4.4M

LiabilitiesLn 26$21K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$374K

Investment incomeLn 3$129K

Other incomeLn 4–11$160K

Total revenueLn 12$663K

Assets in detailPt X, end of year

CashLn 1$530K

Cash and savings togetherLn 1–2$530K

InvestmentsLn 11–13$3.8M

Total assetsLn 16$4.4M

LiabilitiesLn 26$21K

Net assetsLn 32$4.4M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderMay

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$447K	$530K
InvestmentsLn 11–13	$3.5M	$3.8M
Total assetsLn 16	$4.1M	$4.4M
LiabilitiesLn 26	$7K	$21K
Net assetsLn 32	$4.0M	$4.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$209K	$209K
Other salaries and wagesLn 7	$50K	$50K	$0	$0
Payroll taxesLn 10	$15K	$15K	$0	$0
Legal feesLn 11b	$2K	$2K	$0	$0
Accounting feesLn 11c	$14K	$14K	$0	$0
Investment management feesLn 11f	$18K	$18K	$0	$0
Other fees for servicesLn 11g	$91	$91	$0	$0
Office expensesLn 13	$1K	$1K	$0	$0
OccupancyLn 16	$3K	$3K	$0	$0
InsuranceLn 23	$2K	$2K	$0	$0
Total functional expensesLn 25	$314K	$314K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$663K	$314K	$349K	$4.4M	990 PDF
FY2024	$902K	$153K	$750K	$4.0M	990 PDF
FY2023	$350K	$190K	$161K	$3.3M	990 PDF
FY2022	$440K	$239K	$201K	$3.1M	990 PDF
FY2021	$841K	$220K	$621K	$2.9M	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 FY2025 990 (6 parts)

Part I · Summary $662,791 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $375,929$374,264

I-10 Investment incomePrior year $92,918$128,682

I-11 Other revenuePrior year $433,310$159,845

I-12 Total revenuePrior year $902,157$662,791

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to membersPrior year $70,440$208,920

I-15 Salaries and benefitsPrior year $50,761$64,578

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $31,371$40,233

I-18 Total expensesPrior year $152,572$313,731

I-19 Revenue less expensesPrior year $749,585$349,060

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

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $662,791 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$374,264

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$128,682

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $159,845 · Unrelated business $0 · Excluded from tax $0$159,845

VIII-12 Total revenueRelated to mission $662,791 · Unrelated business $0 · Excluded from tax $0$662,791

Part IX · Statement of functional expenses $313,731 across 10 lines filed

IX-4 Benefits paid to or for membersPrograms $208,920$208,920

IX-7 Other salaries and wagesPrograms $49,920 · Management $0 · Fundraising $0$49,920

IX-10 Payroll taxesPrograms $14,658 · Management $0 · Fundraising $0$14,658

IX-11b Legal feesPrograms $1,586 · Management $0 · Fundraising $0$1,586

IX-11c Accounting feesPrograms $13,800 · Management $0 · Fundraising $0$13,800

IX-11f Investment management feesPrograms $18,486 · Management $0 · Fundraising $0$18,486

IX-11g Other fees for servicesPrograms $91 · Management $0 · Fundraising $0$91

IX-13 Office expensesPrograms $1,466 · Management $0 · Fundraising $0$1,466

IX-16 OccupancyPrograms $2,520 · Management $0 · Fundraising $0$2,520

IX-23 InsurancePrograms $2,284 · Management $0 · Fundraising $0$2,284

IX-25 Total functional expensesPrograms $313,731 · Management $0 · Fundraising $0$313,731

Part X · Balance sheet $4,417,671 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $447,087$530,417

X-4 Accounts receivableStart of year $70,216$71,799

X-9 Prepaid expenses and deferred chargesStart of year $2,284$0

X-11 Publicly traded securitiesStart of year $3,535,543$3,815,455

X-16 Total assetsStart of year $4,055,130$4,417,671

X-17 Accounts payable and accrued expensesStart of year $7,214$20,695

X-26 Total liabilitiesStart of year $7,214$20,695

X-32 Total net assets or fund balancesStart of year $4,047,916$4,396,976

X-33 Total liabilities and net assetsStart of year $4,055,130$4,417,671

Part XI · Reconciliation of net assets $4,396,976 net assets at year end

XI-1 Total revenue$662,791

XI-2 Total expenses$313,731

XI-3 Revenue less expenses$349,060

XI-4 Net assets at start of year$4,047,916

XI-10 Net assets at end of year$4,396,976

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Asbestos Workers Local 25 Sub Fund

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Asbestos Workers Local 25 Sub Fund

By the numbers

Filing history

Schedules filed Part IV