Nonprofit · EIN 14-1437195
LABORERS-157 WELFARE FUND
Tax-exempt · SCHENECTADY, NY 12306
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,256,187 | $5,501,685 | $1,754,502 | $21,876,354 | $4,630,699 | $17,245,655 |
| June 30, 2024 | 990 | $5,775,500 | $4,132,777 | $1,642,723 | $18,249,247 | $3,581,222 | $14,668,025 |
| June 30, 2023 | 990 | $4,544,920 | $4,316,403 | $228,517 | $15,944,009 | $3,619,826 | $12,324,183 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,845,796
- Investment income
- $402,976
- Net gain from sales of assets
- -$20,131
- Other revenue
- $7,415
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $4,746,665
- Compensation of officers, directors and key employees
- $74,252
- Other salaries and wages
- $68,195
- Salaries, compensation and benefits (total)
- $177,760
- Professional fundraising fees
- $0
- Legal fees
- $29,602
- Accounting fees
- $57,305
- Occupancy
- $8,928
- Travel
- $12,127
- Depreciation
- $3,692
Balance sheet and other
- Total assets, start of year
- $18,249,247
- Total assets, end of year
- $21,876,354
- Total liabilities, end of year
- $4,630,699
- Net assets, end of year
- $17,245,655
- Land, buildings and equipment
- $3,655
- Publicly traded securities
- $18,095,767
- Gross receipts
- $10,937,811
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL P BRADY | FUND ADMINISTRATOR Officer | 40 | $125,867 | $25,724 |
| GLENN MAREK | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| IAN SHAUL | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAURA REGAN | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIMOTHY STANDHARDT | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES DAWSEY | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN JENKINS JR | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL P BRADY | FUND ADMINISTRATOR Officer | 40 | $126,969 | $25,563 |
| GLENN MAREK | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| IAN SHAUL | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAURA REGAN | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIMOTHY STANDHARDT | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES DAWSEY | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN JENKINS JR | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL P BRADY | FUND ADMINISTRATOR Officer | 40 | $113,425 | $25,745 |
| GLENN MAREK | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| IAN SHAUL | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAURA REGAN | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIMOTHY STANDHARDT | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES DAWSEY | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN JENKINS JR | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 348 DUANESBURG RD, SCHENECTADY, NY 12306-2034
- Principal officer (990 for 2024)
- MICHAEL BRADY, 348 DUANESBURG RD, SCHENECTADY, NY 12306
- Signed the 990
- MICHAEL BRADY, PLAN ADMINISTRATOR
- Phone
- (518) 374-8872
- Return prepared by
- TEAL BECKER & CHIARAMONTE CPAS PC
Mission
TO PROVIDE HEALTH INSURANCE TO IT'S MEMBERS
Program accomplishments
- THE FUND PROVIDED MEMBERS WHO ARE ACTIVELY EMPLOYED IN THIS LOCAL'S JURISDICTION AND THEIR DEPENDENTS WITH THE FOLLOWING BENEFITS: LIFE INSURANCE; ACCIDENTAL DEATH & DISMEMBERMENT; LOSS OF TIME; HOSPITAL EXPENSES; SURGICAL EXPENSE; MEDICAL; LAB; X-RAY; HOME HEALTH CARE; MAJOR MEDICAL; PRESCRIPTIONS; DENTAL; VISION CARE; AND PHYSICAL EXAMS.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 14-1437195
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $21,876,354
- Income (IRS master file)
- $10,937,811
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,256,187 | $5,501,685 | $21,876,354 | IRS |
| 990 | June 2024 | $5,775,500 | $4,132,777 | $18,249,247 | IRS |
| 990 | June 2023 | $4,544,920 | $4,316,403 | $15,944,009 | XML |
| 990 | June 2022 | $5,105,855 | $3,293,612 | $13,731,577 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 14-1437195).
Questions about LABORERS-157 WELFARE FUND
- What is the EIN of LABORERS-157 WELFARE FUND?
- The employer identification number (EIN) of LABORERS-157 WELFARE FUND is 14-1437195.
- Is LABORERS-157 WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1960.
- Are donations to LABORERS-157 WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LABORERS-157 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 LABORERS-157 WELFARE FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LABORERS-157 WELFARE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LABORERS-157 WELFARE FUND?
- The 990 for the year ended June 30, 2025 names MICHAEL BRADY.
- Who are the officers and directors of LABORERS-157 WELFARE FUND?
- The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $125,867 (MICHAEL P BRADY, FUND ADMINISTRATOR).
- How much revenue does LABORERS-157 WELFARE FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,256,187, expenses of $5,501,685 and total assets of $21,876,354 at year end.
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