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Nonprofit · EIN 13-6307146

NEW YORK CITY LOCAL 246 WELFARE FUND

Tax-exempt · NEW YORK, NY 10007

Financials

$3.5M$2.9M2021$3.5M$2.4M2023$3.4M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of NEW YORK CITY LOCAL 246 WELFARE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,422,152$2,311,327$1,110,825$10,062,973$591,414$9,471,559
December 31, 2023990$3,492,109$2,431,511$1,060,598$8,626,139$101,384$8,524,755
December 31, 2021990$3,491,449$2,919,777$571,672$8,447,753$570,341$7,877,412
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,245,239
Investment income
$302,348
Net gain from sales of assets
-$32,372
Other revenue
$874,565

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$1,617,718
Compensation of officers, directors and key employees
$20,276
Other salaries and wages
$264,878
Salaries, compensation and benefits (total)
$422,700
Professional fundraising fees
$0
Legal fees
$36,100
Accounting fees
$10,000
Occupancy
$61,132

Balance sheet and other

Total assets, start of year
$8,626,139
Total assets, end of year
$10,062,973
Total liabilities, end of year
$591,414
Net assets, end of year
$9,471,559
Publicly traded securities
$7,760,302
Net assets without donor restrictions
$9,471,559
Gross receipts
$32,602,098
Employees
4
Year formed
1993
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
JOSEPH COLANGELOTRUSTEE/ADMIN
Officer
10$20,276
MARK BARDESTrustee
Trustee or director
2$0
HARRY FEBOTrustee
Trustee or director
2$0
DOMINIC BAVAROTrustee
Trustee or director
2$0
PETER TUCCITrustee
Trustee or director
2$0
ANTHONY REYESTrustee
Officer
2$0
JASON VETTERTrustee
Officer
2$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
JOSEPH COLANGELOTRUSTEE/ADMIN
Officer
10$14,833
PETER TUCCITrustee
Trustee or director
2$1,042
MARK BARDESTrustee
Trustee or director
2$0
DOMINIC BAVAROTrustee
Trustee or director
2$0
ANTHONY REYESTrustee
Officer
2$0
JASON VETTERTrustee
Officer
2$0
990 for the year ended December 31, 2021: 8 people
NameTitleHours / weekCompensation
JOSEPH COLANGELOTRUSTEE/ADMIN
Officer
10$9,000
MARK BARDESTrustee
Trustee or director
2$0
DOMINIC BAVAROTrustee
Trustee or director
2$0
ANDRZEJ ZUKOWSKITrustee
Trustee or director
2$0
PETER TUCCITrustee
Trustee or director
2$0
RAY SCHACORTRUSTEE
Officer
5$0
ANTHONY REYESTrustee
Officer
2$0
JASON VETTERTrustee
Officer
2$0

Address and contacts

Address (IRS master file)
217 BROADWAY RM 501, NEW YORK, NY 10007-2929
Principal officer (990 for 2024)
JOSEPH COLANGELO, 217 BROADWAY, NEW YORK, NY 10007
Signed the 990
JOSEPH COLANGELO, Chairman
Phone
(212) 233-0616
Return prepared by
Wendel-Walowitz Associates Inc

Mission

PROVIDE SUPPLEMENTAL HEALTH BENEFITS NOT SUPPLIED BY EMPLOYER

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE SUPPLEMENTAL HEALTH BENEFITS NOT PROVIDED BY EMPLOYER

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
13-6307146
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$10,062,973
Income (IRS master file)
$32,602,098

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,422,152$2,311,327$10,062,973XML
990December 2023$3,492,109$2,431,511$8,626,139XML
990December 2022$2,890,460$2,565,792$7,631,199IRS
990December 2021$3,491,449$2,919,777$8,447,753XML
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 13-6307146).

Questions about NEW YORK CITY LOCAL 246 WELFARE FUND

What is the EIN of NEW YORK CITY LOCAL 246 WELFARE FUND?
The employer identification number (EIN) of NEW YORK CITY LOCAL 246 WELFARE FUND is 13-6307146.
Is NEW YORK CITY LOCAL 246 WELFARE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1996.
Are donations to NEW YORK CITY LOCAL 246 WELFARE FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NEW YORK CITY LOCAL 246 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 NEW YORK CITY LOCAL 246 WELFARE 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 NEW YORK CITY LOCAL 246 WELFARE 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 NEW YORK CITY LOCAL 246 WELFARE FUND?
The 990 for the year ended December 31, 2024 names JOSEPH COLANGELO.
Who are the officers and directors of NEW YORK CITY LOCAL 246 WELFARE FUND?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $20,276 (JOSEPH COLANGELO, TRUSTEE/ADMIN).
How much revenue does NEW YORK CITY LOCAL 246 WELFARE FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,422,152, expenses of $2,311,327 and total assets of $10,062,973 at year end.

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