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Nonprofit · EIN 13-6121369

DERRICKMENS WELFARE FUND LOCAL 197

Tax-exempt · NEW YORK CITY, NY 10018

Financials

$5M$5.7M2023$3.8M$4.7M2024
Revenue Expenses · by fiscal year end
Financials of DERRICKMENS WELFARE FUND LOCAL 197 by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,827,675$4,660,785-$833,110$3,741,134$888,014$2,853,120
December 31, 2023990$5,034,767$5,720,772-$686,005$4,727,261$952,355$3,774,906
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,480,324
Investment income
$347,351
Net gain from sales of assets
$265,373
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$4,402,531
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$39,164
Accounting fees
$73,474
Occupancy
$21,349

Balance sheet and other

Total assets, start of year
$4,727,261
Total assets, end of year
$3,741,134
Total liabilities, end of year
$888,014
Net assets, end of year
$2,853,120
Publicly traded securities
$1,976,573
Gross receipts
$4,754,682
Employees
0
Volunteers
0
Year formed
1950
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
WILLIAM HAYESUNION TRUSTEE
Trustee or director
1$0
CAROLE RAFTREYUNION TRUSTEE
Trustee or director
1$0
DAVID CARRUAUNION TRUSTEE
Trustee or director
1$0
MARCO BERARDIEMPLOYER TRUSTEE
Trustee or director
1$0
ANTHONY VESPAEMPLOYER TRUSTEE
Trustee or director
1$0
ROBERT WEISSEMPLOYER TRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
WILLIAM HAYESUNION TRUSTEE
Trustee or director
1$0
CAROLE RAFTREYUNION TRUSTEE
Trustee or director
1$0
DAVID CARRUAUNION TRUSTEE
Trustee or director
1$0
MARCO BERARDIEMPLOYER TRUSTEE
Trustee or director
1$0
ANTHONY VESPAEMPLOYER TRUSTEE
Trustee or director
1$0
ROBERT WEISSEMPLOYER TRUSTEE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1040 AVENUE OF THE AMERICAS 24TH F, NEW YORK CITY, NY 10018-3703
Principal officer (990 for 2024)
WILLIAM HAYES, 1040 AVENUE OF THE AMERICAS 24TH FL, NEW YORK CITY, NY 10018
Signed the 990
WILLIAM HAYES, BUSINESS MANAGER/TRUSTEE
Phone
(212) 505-5050
Return prepared by
SCHULTHEIS & PANETTIERI LLP

Mission

TO PROVIDE MEDICAL, VACATION, DEATH BENEFITS, PRESCRIPTION DRUG,OPTICAL, DENTAL, DISABILITY AND PAID FAMILY LEAVE TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE MEDICAL, VACATION, DEATH BENEFITS, PRESCRIPTION DRUG,OPTICAL, DENTAL, DISABILITY AND PAID FAMILY LEAVE TO ELIGIBLE PARTICIPANTS 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 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
13-6121369
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1954
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,741,134
Income (IRS master file)
$4,754,682

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,827,675$4,660,785$3,741,134XML
990December 2023$5,034,767$5,720,772$4,727,261XML
990December 2022$3,594,277$4,078,216$4,835,724IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 13-6121369).

Questions about DERRICKMENS WELFARE FUND LOCAL 197

What is the EIN of DERRICKMENS WELFARE FUND LOCAL 197?
The employer identification number (EIN) of DERRICKMENS WELFARE FUND LOCAL 197 is 13-6121369.
Is DERRICKMENS WELFARE FUND LOCAL 197 tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1954.
Are donations to DERRICKMENS WELFARE FUND LOCAL 197 tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does DERRICKMENS WELFARE FUND LOCAL 197 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 DERRICKMENS WELFARE FUND LOCAL 197 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 DERRICKMENS WELFARE FUND LOCAL 197 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 DERRICKMENS WELFARE FUND LOCAL 197?
The 990 for the year ended December 31, 2024 names WILLIAM HAYES.
Who are the officers and directors of DERRICKMENS WELFARE FUND LOCAL 197?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does DERRICKMENS WELFARE FUND LOCAL 197 have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,827,675, expenses of $4,660,785 and total assets of $3,741,134 at year end.

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