Nonprofit · EIN 13-5671180
ELECTRICAL WORKERS BENEFIT SOCIETY
Tax-exempt · FLUSHING, NY 11365
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,302,989 | $2,329,778 | $973,211 | $64,508,484 | $947,047 | $63,561,437 |
| December 31, 2023 | 990 | $4,204,468 | $2,595,998 | $1,608,470 | $61,657,382 | $720,925 | $60,936,457 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $669,567
- Investment income
- $2,633,096
- Net gain from sales of assets
- $885,757
- Other revenue
- $326
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,784,795
- Other salaries and wages
- $87,971
- Salaries, compensation and benefits (total)
- $148,716
- Professional fundraising fees
- $0
- Accounting fees
- $12,000
- Occupancy
- $5,053
- Depreciation
- $763
Balance sheet and other
- Total assets, start of year
- $61,657,382
- Total assets, end of year
- $64,508,484
- Total liabilities, end of year
- $947,047
- Net assets, end of year
- $63,561,437
- Land, buildings and equipment
- $1,905
- Publicly traded securities
- $62,248,015
- Net assets without donor restrictions
- $63,561,437
- Gross receipts
- $46,182,102
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1940
- 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 |
|---|---|---|---|
| THOMAS J CLEARY | PRESIDENT & DIRECTOR Trustee or director, Officer | 2 | $0 |
| LOUIS ALVAREZ | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| MICHAEL LORETO | SECRETARY Trustee or director, Officer | 2 | $0 |
| DAMON ARMSTRONG | TREASURER Trustee or director, Officer | 2 | $0 |
| ANTONIO ABREU | DIRECTOR Trustee or director | 1 | $0 |
| DAVID BENJAMIN | DIRECTOR Trustee or director | 1 | $0 |
| LEONARD CAPPICATTO | DIRECTOR Trustee or director | 1 | $0 |
| ANGEL CORCHADO | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER ERIKSON | DIRECTOR Trustee or director | 1 | $0 |
| ERIC FARBMAN | DIRECTOR Trustee or director | 1 | $0 |
| GREGORY FARRELL | DIRECTOR Trustee or director | 1 | $0 |
| JOHN FAZEKAS | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN FOWLER | DIRECTOR Trustee or director | 1 | $0 |
| HARVEY GOLDMAN | DIRECTOR Trustee or director | 1 | $0 |
| DENNIS MCSPEDON JR | DIRECTOR Trustee or director | 1 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS MESSINA | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS MOHAN | DIRECTOR Trustee or director | 1 | $0 |
| LONWAY MOY | DIRECTOR Trustee or director | 1 | $0 |
| TRICIA BENDEROTH NEW | DIRECTOR Trustee or director | 1 | $0 |
| JOHN PAPANDREA | DIRECTOR Trustee or director | 1 | $0 |
| PAUL PATTI | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS PREZIOSO | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH PROSCIA JR | DIRECTOR Trustee or director | 1 | $0 |
| RAYMOND RIPLEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS J CLEARY | PRESIDENT & DIRECTOR Trustee or director, Officer | 2 | $0 |
| LOUIS ALVAREZ | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| MICHAEL LORETO | SECRETARY Trustee or director, Officer | 2 | $0 |
| DAMON ARMSTRONG | TREASURER Trustee or director, Officer | 2 | $0 |
| ANTONIO ABREU | DIRECTOR Trustee or director | 1 | $0 |
| DAVID BENJAMIN | DIRECTOR Trustee or director | 1 | $0 |
| LEONARD CAPPICATTO | DIRECTOR Trustee or director | 1 | $0 |
| ANGEL CORCHADO | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER ERIKSON | DIRECTOR Trustee or director | 1 | $0 |
| ERIC FARBMAN | DIRECTOR Trustee or director | 1 | $0 |
| GREGORY FARRELL | DIRECTOR Trustee or director | 1 | $0 |
| JOHN FAZEKAS | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN FOWLER | DIRECTOR Trustee or director | 1 | $0 |
| HARVEY GOLDMAN | DIRECTOR Trustee or director | 1 | $0 |
| DENNIS MCSPEDON JR | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS MESSINA | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS MOHAN | DIRECTOR Trustee or director | 1 | $0 |
| LONWAY MOY | DIRECTOR Trustee or director | 1 | $0 |
| TRICIA BENDEROTH NEW | DIRECTOR Trustee or director | 1 | $0 |
| JOHN PAPANDREA | DIRECTOR Trustee or director | 1 | $0 |
| PAUL PATTI | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS PREZIOSO | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH PROSCIA JR | DIRECTOR Trustee or director | 1 | $0 |
| RAYMOND RIPLEY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 158-11 HARRY VAN ARSDALE JR AVENUE, FLUSHING, NY 11365-3085
- Principal officer (990 for 2024)
- THOMAS J CLEARY, 158-11 HARRY VAN ARSDALE JR AVENUE, FLUSHING, NY 11365
- Signed the 990
- THOMAS J CLEARY, PRESIDENT
- Phone
- (718) 591-4400
- Return prepared by
- PETER DECARLO CPA PLLC
Mission
THE OBJECTIVE OF THE ELECTRICAL WORKERS DEATH BENEFIT SOCIETY IS TO PROVIDE DEATH BENEFITS TO BENEFICIARIES AND DEPENDENTS OF MEMBERS OF LOCAL UNION NO. 3, IBEW.
Program accomplishments
- THE ELECTRICAL WORKERS DEATH BENEFIT SOCIETY PROVIDED DEATH BENEFITS TO APPROXIMATELY 550 BENEFICIARIES AND DEPENDENTS OF MEMBERS OF LOCAL UNION NO. 3, IBEW.
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
- 13-5671180
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 1949
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $64,508,484
- Income (IRS master file)
- $46,182,102
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,302,989 | $2,329,778 | $64,508,484 | XML |
| 990 | December 2023 | $4,204,468 | $2,595,998 | $61,657,382 | XML |
| 990 | December 2022 | $4,343,271 | $2,861,926 | $58,451,024 | 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 13-5671180).
Questions about ELECTRICAL WORKERS BENEFIT SOCIETY
- What is the EIN of ELECTRICAL WORKERS BENEFIT SOCIETY?
- The employer identification number (EIN) of ELECTRICAL WORKERS BENEFIT SOCIETY is 13-5671180.
- Is ELECTRICAL WORKERS BENEFIT SOCIETY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1949.
- Are donations to ELECTRICAL WORKERS BENEFIT SOCIETY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ELECTRICAL WORKERS BENEFIT SOCIETY 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 ELECTRICAL WORKERS BENEFIT SOCIETY 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 ELECTRICAL WORKERS BENEFIT SOCIETY 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 ELECTRICAL WORKERS BENEFIT SOCIETY?
- The 990 for the year ended December 31, 2024 names THOMAS J CLEARY.
- Who are the officers and directors of ELECTRICAL WORKERS BENEFIT SOCIETY?
- The 990 for the year ended December 31, 2024 lists 24 people; 0 received compensation from the organization.
- How much revenue does ELECTRICAL WORKERS BENEFIT SOCIETY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,302,989, expenses of $2,329,778 and total assets of $64,508,484 at year end.
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