Nonprofit · EIN 13-5520944
SMART LOCAL 137 INSURANCE FUND
Also known as LOCAL UNION 137 INSURANCE PLAN
Tax-exempt · LONG ISLAND CITY, NY 11101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $7,641,733 | $7,874,481 | -$232,748 | $16,442,840 | $1,394,178 | $15,048,662 |
| December 31, 2024 | 990 | $6,785,606 | $7,308,620 | -$523,014 | $16,455,111 | $1,068,776 | $15,386,335 |
| December 31, 2023 | 990 | $7,280,231 | $7,124,147 | $156,084 | $15,678,557 | $1,063,733 | $14,614,824 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,916,955
- Investment income
- $1,712,704
- Net gain from sales of assets
- $1,506,914
- Other revenue
- $12,074
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $7,276,191
- Compensation of officers, directors and key employees
- $236,543
- Other salaries and wages
- $200,311
- Salaries, compensation and benefits (total)
- $636,658
- Professional fundraising fees
- $0
- Legal fees
- $20,654
- Accounting fees
- $71,511
- Occupancy
- $31,342
- Depreciation
- $902
Balance sheet and other
- Total assets, start of year
- $16,455,111
- Total assets, end of year
- $16,442,840
- Total liabilities, end of year
- $1,394,178
- Net assets, end of year
- $15,048,662
- Publicly traded securities
- $3,885,113
- Gross receipts
- $9,781,673
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1958
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD BASULTO | FUND ADMINISTRATOR Officer | 23 | $136,315 | $74,938 |
| PATRICIA KIERNAN | BOOKKEEPER Highest-paid employee | 13 | $101,431 | $86,167 |
| RUSSELL CAPALDO | UNION TRUSTEE Trustee or director | 1 | $4,876 | $2,703 |
| DANTE DANO JR | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANTHONY FOTIADIS | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN GOING | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 |
| JONATHAN BRAGOLI | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHANNA PERAS | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD BASULTO | FUND ADMINISTRATOR Officer | 23 | $123,074 | $67,253 |
| RUSSELL CAPALDO | UNION TRUSTEE Trustee or director | 1 | $1,638 | $1,017 |
| DANTE DANO JR | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANTHONY FOTIADIS | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN GOING | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 |
| JONATHAN BRAGOLI | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHANNA PERAS | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD BASULTO | FUND ADMINISTRATOR Officer | 22 | $148,497 | $82,067 |
| RUSSELL CAPALDO | UNION TRUSTEE Trustee or director | 1 | $4,408 | $2,717 |
| DANTE DANO JR | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANTHONY FOTIADIS | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN GOING | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 |
| JONATHAN BRAGOLI | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHANNA PERAS | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 50-02 5TH ST STE A, LONG ISLAND CITY, NY 11101-6164
- In care of
- % PATTY
- Principal officer (990 for 2025)
- RICHARD BASULTO, 50-02 5TH ST STE A, LONG ISLAND CITY, NY 111014710
- Signed the 990
- RICHARD BASULTO, FUND ADMINISTRATOR
- Phone
- (718) 937-4514
- Return prepared by
- SCHULTHEIS & PANETTIERI LLP
Mission
TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.
Program accomplishments
- TO PROVIDE HEALTH AND OTHER BENEFITS 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 | 990 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
- 13-5520944
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1958
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $16,442,840
- Income (IRS master file)
- $9,781,673
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $7,641,733 | $7,874,481 | $16,442,840 | XML |
| 990 | December 2024 | $6,785,606 | $7,308,620 | $16,455,111 | XML |
| 990 | December 2023 | $7,280,231 | $7,124,147 | $15,678,557 | XML |
| 990 | December 2022 | $6,550,369 | $7,320,046 | $14,718,521 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 13-5520944).
Questions about SMART LOCAL 137 INSURANCE FUND
- What is the EIN of SMART LOCAL 137 INSURANCE FUND?
- The employer identification number (EIN) of SMART LOCAL 137 INSURANCE FUND is 13-5520944.
- Is SMART LOCAL 137 INSURANCE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1958.
- Are donations to SMART LOCAL 137 INSURANCE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SMART LOCAL 137 INSURANCE 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 SMART LOCAL 137 INSURANCE FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SMART LOCAL 137 INSURANCE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SMART LOCAL 137 INSURANCE FUND?
- The 990 for the year ended December 31, 2025 names RICHARD BASULTO.
- Who are the officers and directors of SMART LOCAL 137 INSURANCE FUND?
- The 990 for the year ended December 31, 2025 lists 8 people; 3 received compensation from the organization, the highest $136,315 (RICHARD BASULTO, FUND ADMINISTRATOR).
- How much revenue does SMART LOCAL 137 INSURANCE FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $7,641,733, expenses of $7,874,481 and total assets of $16,442,840 at year end.
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