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Nonprofit · EIN 13-2874176

LOCAL 580-VACATION FUND

Tax-exempt · NEW YORK, NY 10036

Financials

$32.9M$33.7M2023$33M$33.6M2024
Revenue Expenses · by fiscal year end
Financials of LOCAL 580-VACATION FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$32,987,846$33,566,879-$579,033$25,303,743$272,697$25,031,046
December 31, 2023990$32,936,246$33,722,257-$786,011$26,961,967$1,339,918$25,622,049
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$32,016,988
Investment income
$970,858
Net gain from sales of assets
$244,012
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$33,176,305
Other salaries and wages
$119,058
Salaries, compensation and benefits (total)
$196,840
Professional fundraising fees
$0
Legal fees
$39,303
Accounting fees
$54,093
Occupancy
$24,066

Balance sheet and other

Total assets, start of year
$26,961,967
Total assets, end of year
$25,303,743
Total liabilities, end of year
$272,697
Net assets, end of year
$25,031,046
Publicly traded securities
$13,910,771
Gross receipts
$53,963,834
Employees
0
Volunteers
0
Year formed
1956
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
BRENDAN TORMEYFUND ADMINISTRATOR
Officer
1$0$182,337$127,842
STEVEN DONOFRIOUNION TRUSTEE
Trustee or director
2$0$0$0
KEVIN MCKEONUNION TRUSTEE
Trustee or director
2$0$0$0
THOMAS MILTONUNION TRUSTEE
Trustee or director
2$0$0$0
JOSEPH NOLANUNION TRUSTEE
Trustee or director
2$0$0$0
PETER CARRIERO JREMPLOYER TRUSTEE
Trustee or director
2$0$0$0
RANDALL MENTEMPLOYER TRUSTEE
Trustee or director
2$0$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
BRENDAN TORMEYFUND ADMINISTRATOR
Officer
1$0$180,112$124,306
PETER MYERS - THRU 1023UNION TRUSTEE - CO CHAIR
Trustee or director
2$0$0$0
STEVEN DONOFRIO - EFF 523UNION TRUSTEE
Trustee or director
2$0$0$0
KEVIN MCKEONUNION TRUSTEE
Trustee or director
2$0$0$0
THOMAS MILTONUNION TRUSTEE
Trustee or director
2$0$0$0
JOSEPH NOLANUNION TRUSTEE
Trustee or director
2$0$0$0
PETER CARRIERO JREMPLOYER TRUSTEE
Trustee or director
2$0$0$0
RANDALL MENTEMPLOYER TRUSTEE
Trustee or director
2$0$0$0

Address and contacts

Address (IRS master file)
501 W 42ND ST, NEW YORK, NY 10036-6205
Principal officer (990 for 2024)
BRENDAN TORMEY, 501 WEST 42ND STREET, NEW YORK, NY 10036
Signed the 990
JOSEPH NOLAN, UNION TRUSTEE
Phone
(212) 695-5206
Return prepared by
SCHULTHEIS & PANETTIERI LLP

Mission

TO PROVIDE VACATION BENEFITS TO ELIGIBLE MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE VACATION BENEFITS TO ELIGIBLE MEMBERS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
13-2874176
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1966
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$25,303,743
Income (IRS master file)
$53,963,834

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$32,987,846$33,566,879$25,303,743XML
990December 2023$32,936,246$33,722,257$26,961,967XML
990December 2022$34,338,279$36,736,121$26,363,593IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-2874176).

Questions about LOCAL 580-VACATION FUND

What is the EIN of LOCAL 580-VACATION FUND?
The employer identification number (EIN) of LOCAL 580-VACATION FUND is 13-2874176.
Is LOCAL 580-VACATION FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1966.
Are donations to LOCAL 580-VACATION FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LOCAL 580-VACATION FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LOCAL 580-VACATION FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LOCAL 580-VACATION FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LOCAL 580-VACATION FUND?
The 990 for the year ended December 31, 2024 names BRENDAN TORMEY.
Who are the officers and directors of LOCAL 580-VACATION FUND?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does LOCAL 580-VACATION FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $32,987,846, expenses of $33,566,879 and total assets of $25,303,743 at year end.

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