Nonprofit · EIN 13-5555808
LOCAL 272 WELFARE FUND
Tax-exempt · NEW YORK, NY 10168
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2024 | 990 (amended) | $38,227,973 | $32,634,341 | $5,593,632 | $50,261,786 | $5,779,397 | $44,482,389 |
| November 30, 2023 | 990 | $35,864,581 | $29,071,451 | $6,793,130 | $42,476,869 | $5,570,342 | $36,906,527 |
Financial details: 990 for the year ended November 30, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $36,580,877
- Investment income
- $1,647,096
- Net gain from sales of assets
- $339,806
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $30,127,945
- Other salaries and wages
- $935,310
- Salaries, compensation and benefits (total)
- $1,150,421
- Professional fundraising fees
- $0
- Legal fees
- $115,097
- Accounting fees
- $182,125
- Occupancy
- $225,977
Balance sheet and other
- Total assets, start of year
- $42,476,869
- Total assets, end of year
- $50,261,786
- Total liabilities, end of year
- $5,779,397
- Net assets, end of year
- $44,482,389
- Publicly traded securities
- $34,242,738
- Gross receipts
- $59,321,961
- Employees
- 9
- Volunteers
- 0
- Year formed
- 1951
- 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 November 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC A GOODMAN | FUND MANAGER Officer | 30 | $407,430 | $0 | $23,479 |
| FRED ALSTON | TRUSTEE Trustee or director | 5 | $0 | $271,820 | $31,285 |
| JOSE ROJAS | TRUSTEE Trustee or director | 5 | $0 | $268,620 | $29,153 |
| EDDIE RIVERA | TRUSTEE Trustee or director | 5 | $0 | $263,020 | $29,465 |
| MARIA BANCHS | ASSIST. FUND MANAGER Highest-paid employee | 20 | $212,718 | $0 | $23,479 |
| CAROLYN ECHOLS | CLAIM EXAMINER Highest-paid employee | 40 | $135,580 | $0 | $23,479 |
| GORDON HAMM | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| LANCE HOWARD | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| KENNETH ROSENBLATT | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended November 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC A GOODMAN | FUND MANAGER Officer | 30 | $387,610 | $0 | $24,612 |
| FRED ALSTON | TRUSTEE Trustee or director | 5 | $0 | $261,160 | $31,730 |
| JOSE ROJAS | TRUSTEE Trustee or director | 5 | $0 | $256,370 | $29,269 |
| EDDIE RIVERA | TRUSTEE Trustee or director | 5 | $0 | $254,520 | $29,605 |
| MARIA BANCHS | ASSIST. FUND MANAGER Highest-paid employee | 20 | $202,220 | $0 | $24,612 |
| CAROLYN ECHOLS | CLAIM EXAMINER Highest-paid employee | 40 | $128,807 | $0 | $24,612 |
| GORDON HAMM | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| LANCE HOWARD | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| KENNETH ROSENBLATT | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 122 E 42ND ST RM 2210, NEW YORK, NY 10168-2299
- Principal officer (990 for 2023)
- FRED ALSTON, 220 EAST 23RD STREET 805, NEW YORK, NY 10010
- Signed the 990
- FRED ALSTON, TRUSTEE
- Phone
- (212) 726-9730
- Return prepared by
- CALIBRE CPA GROUP PLLC
Mission
TO PROVIDE HEALTH AND RELATED BENEFITS TO ELIGIBLE UNION MEMBERS AND THEIR DEPENDENTS.
Program accomplishments
- TO PROVIDE HEALTH AND RELATED BENEFITS TO ELIGIBLE UNION MEMBERS AND THEIR DEPENDENTS.
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 November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | Not on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990 on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990 on file |
IRS record
- EIN
- 13-5555808
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1951
- Accounting year ends
- November
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $50,261,786
- Income (IRS master file)
- $38,227,973
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | November 2024 | $38,227,973 | $32,634,341 | $50,261,786 | XML |
| 990 | November 2023 | $35,864,581 | $29,071,451 | $42,476,869 | XML |
| 990 | November 2022 | $34,791,395 | $21,873,676 | $33,709,724 | IRS |
| 990 | November 2021 | – | – | – | IRS |
| 990 | November 2020 | – | – | – | IRS |
| 990 | November 2018 | – | – | – | IRS |
| 990 | November 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 13-5555808).
Questions about LOCAL 272 WELFARE FUND
- What is the EIN of LOCAL 272 WELFARE FUND?
- The employer identification number (EIN) of LOCAL 272 WELFARE FUND is 13-5555808.
- Is LOCAL 272 WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1951.
- Are donations to LOCAL 272 WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LOCAL 272 WELFARE 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 272 WELFARE FUND due?
- The return for tax year 2024 (the year ending November 30, 2025) is due April 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOCAL 272 WELFARE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended November 2024.
- Who is the principal officer of LOCAL 272 WELFARE FUND?
- The 990 for the year ended November 30, 2024 names FRED ALSTON.
- Who are the officers and directors of LOCAL 272 WELFARE FUND?
- The 990 for the year ended November 30, 2024 lists 9 people; 3 received compensation from the organization, the highest $407,430 (MARC A GOODMAN, FUND MANAGER).
- How much revenue does LOCAL 272 WELFARE FUND have?
- On its 990 for the year ended November 30, 2024 it reported revenue of $38,227,973, expenses of $32,634,341 and total assets of $50,261,786 at year end.
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