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Nonprofit · EIN 13-3161717

LOCAL 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS FUND

Tax-exempt · HOPATCONG, NJ 07843

Financials

$3.1M$1.7M2023$3.6M$3M2024
Revenue Expenses · by fiscal year end
Financials of LOCAL 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,601,845$2,963,247$638,598$12,911,576$42,315$12,869,261
December 31, 2023990$3,115,756$1,748,915$1,366,841$11,892,187$26,506$11,865,681
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,159,920
Investment income
$356,675
Net gain from sales of assets
-$23,099
Other revenue
$85,250

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$2,777,999
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$24,000
Accounting fees
$39,885

Balance sheet and other

Total assets, start of year
$11,892,187
Total assets, end of year
$12,911,576
Total liabilities, end of year
$42,315
Net assets, end of year
$12,869,261
Publicly traded securities
$11,475,460
Gross receipts
$7,518,598
Employees
91
Year formed
1983
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 / weekCompensation
RICHARD T FITZSIMMONSUNION TRUSTEE
Trustee or director
1$0
JOHN RYANUNION TRUSTEE
Trustee or director
1$0
CHRISTOPHER FITZSIMMONSUNION TRUSTEE
Trustee or director
1$0
ROBERT WESSELSEMPLOYER TRUSTE
Trustee or director
0.5$0
MARK ROSENEMPLOYER TRUSTE
Trustee or director
0.5$0
PATRICK ROONEYEMPLOYER TRUSTE
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
RICHARD T FITZSIMMONSUNION TRUSTEE
Trustee or director
1$0$263,936$263,168
CHRISTOPHER FITZSIMMONSUNION TRUSTEE
Trustee or director
1$0$203,887$185,452
JOHN RYANUNION TRUSTEE
Trustee or director
1$0$16,175$6,695
ROBERT WESSELSEMPLOYER TRUSTEE
Trustee or director
0.5$0$0$0
MARK ROSENEMPLOYER TRUSTEE
Trustee or director
0.5$0$0$0
PATRICK ROONEYEMPLOYER TRUSTEE
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
36 HOPATCHUNG RD, HOPATCONG, NJ 07843-1524
Principal officer (990 for 2024)
CHRISTOPHER FITZSIMMONS, 4332 KATONAH AVENUE, BRONX, NY 10470
Signed the 990
CHRISTOPHER FITZSIMMONS, UNION TRUSTEE
Phone
(973) 601-3828
Return prepared by
Gould Kobrick & Schlapp PC

Mission

THE FUND PROVIDES ADDITIONAL BENEFITS SUCH AS UNEMPLOYMENT, WORKERS COMPENSATION, DISABILITY, ECONOMIC ASSISTANCE, EDUCATION, DEATH,SEVERANCE AND VACATION TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS WHICH ARE FUNDED BY PARTICIPATING EMPLOYERS WHICH MAKECONTRIBUTIONS BASED ON HOURS WORKERS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE FUND PROVIDES ADDITIONAL BENEFITS SUCH AS UNEMPLOYMENT, WORKERS COMPENSATION, DISABILITY, ECONOMIC ASSISTANCE, EDUCATION, DEATH, SEVERANCE AND VACATION TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS WHICH ARE FUNDED BY PARTICIPATING EMPLOYERS WHICH MAKE CONTRIBUTIONS BASED ON HOURS WORKERS.

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
13-3161717
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1985
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$12,911,576
Income (IRS master file)
$7,518,598

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,601,845$2,963,247$12,911,576XML
990December 2023$3,115,756$1,748,915$11,892,187XML
990December 2022$1,812,678$1,172,971$10,793,223IRS
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 13-3161717).

Questions about LOCAL 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS FUND

What is the EIN of LOCAL 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS FUND?
The employer identification number (EIN) of LOCAL 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS FUND is 13-3161717.
Is LOCAL 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1985.
Are donations to LOCAL 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LOCAL 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS 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 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS 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 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS 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 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS FUND?
The 990 for the year ended December 31, 2024 names CHRISTOPHER FITZSIMMONS.
Who are the officers and directors of LOCAL 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS FUND?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does LOCAL 147 CONSTRUCTION WORKERS ADDITIONAL SECURITY BENEFITS FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,601,845, expenses of $2,963,247 and total assets of $12,911,576 at year end.

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