Nonprofit · EIN 13-3156507
IRON WORKERS LOCALS 40 & 361 TOPPING OUT FUND
Tax-exempt · NEW YORK, NY 10016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $51,999,666 | $44,206,466 | $7,793,200 | $318,766,675 | $704,525 | $318,062,150 |
| December 31, 2023 | 990 | $49,037,897 | $50,020,862 | -$982,965 | $303,166,578 | $847,137 | $302,319,441 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $40,688,745
- Investment income
- $11,310,921
- Net gain from sales of assets
- $2,384,461
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $42,772,825
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $29,248
- Accounting fees
- $80,053
Balance sheet and other
- Total assets, start of year
- $303,166,578
- Total assets, end of year
- $318,766,675
- Total liabilities, end of year
- $704,525
- Net assets, end of year
- $318,062,150
- Publicly traded securities
- $291,253,606
- Gross receipts
- $216,902,999
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1982
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN J SABBAGH | FUND ADMINISTRATOR Officer | 5 | $0 | $243,115 | $141,988 |
| JAKE BIDOSKY | EMPLOYER TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| BARRY KING | EMPLOYER TRUSTEE - EFF 01/24 Trustee or director | 0.5 | $0 | $0 | $0 |
| GORD LEDER | EMPLOYER TRUSTEE - THRU 01/24 Trustee or director | 0.5 | $0 | $0 | $0 |
| ROBERT SAMELA | EMPLOYER TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID PISACRITA | EMPLOYER TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| ALAN SEIDMAN | EMPLOYER TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DANIEL TEUTUL | EMPLOYER TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| BILL MATRE | EMPLOYER TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| ROBERT WEISS | EMPLOYER TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DANIEL DOYLE | UNION TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHAEL GAYDOS | UNION TRUSTEE - THRU 07/24 Trustee or director | 0.5 | $0 | $0 | $0 |
| JOHN CUSH | UNION TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| CHRISTOPHER WALSH | UNION TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| ROBERT JOHNSON | UNION TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH EISGRUBER | UNION TRUSTEE Trustee or director | 0.5 | $0 |
| MATTHEW P STODDARD | UNION TRUSTEE Trustee or director | 0.5 | $0 |
| ANTHONY DEBLASIE | UNION TRUSTEE Trustee or director | 0.5 | $0 |
| MATTHEW CHARTRAND | UNION TRUSTEE Trustee or director | 0.5 | $0 |
| MICHAEL DUNN | UNION TRUSTEE - EFF 07/24 Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN J SABBAGH | FUND ADMINISTRATOR Highest-paid employee | 5 | $0 | $242,055 | $136,877 |
| JAKE BIDOSKY | EMPLOYER TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| STEVE ISAACSON | EMPLOYER TRUSTEE - THRU 5/23 Trustee or director | 0.5 | $0 | $0 | $0 |
| GORD LEDER | EMPLOYER TRUSTEE - EFF 9/23 Trustee or director | 0.5 | $0 | $0 | $0 |
| ROBERT SAMELA | EMPLOYER TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID PISACRITA | EMPLOYER TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| ALAN SEIDMAN | EMPLOYER TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DANIEL TEUTUL | EMPLOYER TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| BILL MATRE | EMPLOYER TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| ROBERT WEISS | EMPLOYER TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DANIEL DOYLE | UNION TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHAEL GAYDOS | UNION TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JOHN CUSH | UNION TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| CHRISTOPHER WALSH | UNION TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| ROBERT JOHNSON | UNION TRUSTEE - EFF 09/23 Trustee or director | 0.5 | $0 | $0 | $0 |
| KEITH EISGRUBER | UNION TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MATTHEW P STODDARD | UNION TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| ANTHONY DEBLASIE | UNION TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MATTHEW CHARTRAND | UNION TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| ROBERT WALSH | UNION TRUSTEE - THRU 09/23 Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 451 PARK AVE SOUTH, NEW YORK, NY 10016-7390
- Principal officer (990 for 2024)
- BRIAN J SABBAGH, 451 PARK AVE SOUTH, NEW YORK, NY 10016
- Signed the 990
- MATTHEW CHARTRAND, UNION TRUSTEE
- Phone
- (212) 684-1586
- Website
- WWW.IWUSF.NET
- Return prepared by
- SCHULTHEIS & PANETTIERI LLP
Mission
TO PROVIDE DEATH, DISABILITY, UNEMPLOYMENT AND UNREIMBURSED MEDICAL EXPENSE TO ELIGIBLE PARTICIPANTS.
Program accomplishments
- TO PROVIDE DEATH, DISABILITY, UNEMPLOYMENT AND UNREIMBURSED MEDICAL EXPENSE TO ELIGIBLE PARTICIPANTS.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3156507
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $318,766,675
- Income (IRS master file)
- $216,902,999
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $51,999,666 | $44,206,466 | $318,766,675 | XML |
| 990 | December 2023 | $49,037,897 | $50,020,862 | $303,166,578 | XML |
| 990 | December 2022 | $58,496,866 | $50,099,711 | $290,630,517 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 13-3156507).
Questions about IRON WORKERS LOCALS 40 & 361 TOPPING OUT FUND
- What is the EIN of IRON WORKERS LOCALS 40 & 361 TOPPING OUT FUND?
- The employer identification number (EIN) of IRON WORKERS LOCALS 40 & 361 TOPPING OUT FUND is 13-3156507.
- Is IRON WORKERS LOCALS 40 & 361 TOPPING OUT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1983.
- Are donations to IRON WORKERS LOCALS 40 & 361 TOPPING OUT FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IRON WORKERS LOCALS 40 & 361 TOPPING OUT 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 IRON WORKERS LOCALS 40 & 361 TOPPING OUT 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 IRON WORKERS LOCALS 40 & 361 TOPPING OUT 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 IRON WORKERS LOCALS 40 & 361 TOPPING OUT FUND?
- The 990 for the year ended December 31, 2024 names BRIAN J SABBAGH.
- Who are the officers and directors of IRON WORKERS LOCALS 40 & 361 TOPPING OUT FUND?
- The 990 for the year ended December 31, 2024 lists 20 people; 0 received compensation from the organization.
- How much revenue does IRON WORKERS LOCALS 40 & 361 TOPPING OUT FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $51,999,666, expenses of $44,206,466 and total assets of $318,766,675 at year end.
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