Nonprofit · EIN 22-1481564
H&GL WELFARE FUND
Tax-exempt · NEWARK, NJ 07105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $265,452,660 | $243,876,094 | $21,576,566 | $367,808,806 | $48,509,313 | $319,299,493 |
| March 31, 2024 | 990 | $240,902,456 | $230,554,607 | $10,347,849 | $350,203,696 | $54,886,490 | $295,317,206 |
| March 31, 2023 | 990 | $226,578,670 | $215,670,065 | $10,908,605 | $320,028,510 | $51,509,066 | $268,519,444 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $225,044,356
- Investment income
- $13,453,318
- Net rental income
- $187,843
- Net gain from sales of assets
- $1,590,097
- Other revenue
- $26,954,986
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $236,659,705
- Compensation of officers, directors and key employees
- $621,771
- Other salaries and wages
- $2,996,071
- Salaries, compensation and benefits (total)
- $6,722,263
- Professional fundraising fees
- $0
- Legal fees
- $494,150
- Accounting fees
- $79,000
- Occupancy
- $92,030
- Depreciation
- $35,290
Balance sheet and other
- Total assets, start of year
- $350,203,696
- Total assets, end of year
- $367,808,806
- Total liabilities, end of year
- $48,509,313
- Net assets, end of year
- $319,299,493
- Land, buildings and equipment
- $8,584,915
- Publicly traded securities
- $212,178,655
- Gross receipts
- $576,360,029
- Employees
- 46
- Volunteers
- 0
- Year formed
- 1950
- State of legal domicile
- NJ
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BEVERLY CEASER | GENERAL MANAGER Officer | 20 | $263,394 | $91,173 |
| THOMAS COTOV | LEGAL SERVICES Highest-paid employee | 35 | $249,902 | $90,027 |
| VINCENT RICCARDI | LEGAL SERVICES Highest-paid employee | 35 | $223,569 | $87,788 |
| CHARLES FERNS | FINANCE MANAGER Highest-paid employee | 14 | $199,257 | $85,722 |
| RUSSEL BLEY | ASST. GENERAL MGR Officer | 20 | $190,172 | $78,294 |
| GLEN KENYON | MANAGER Highest-paid employee | 18 | $163,076 | $82,646 |
| CARLOS DEOLIVEIRA | COLLECTIONS AUDITOR Highest-paid employee | 18 | $162,080 | $82,569 |
| JACK KOCSIS JR | CO-CHAIRMAN Trustee or director | 1 | $0 | $0 |
| MANUEL AMADOR JR | CO CHAIRMAN Trustee or director | 1 | $0 | $0 |
| ANTHONY CAPACCIO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY S WATERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANK CRISCOLA JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRIAN DELPOME | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LUIS RECIO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTIN DOWN | TRUSTEE Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL E HELLSTROM JR | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL GIUNTA | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended March 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BEVERLY CEASER | GENERAL MANAGER Officer | 20 | $238,639 | $85,318 |
| THOMAS COTOV | LEGAL SERVICES Highest-paid employee | 35 | $235,950 | $85,089 |
| VINCENT RICCARDI | LEGAL SERVICES Highest-paid employee | 35 | $210,164 | $82,898 |
| CHARLES FERNS | FINANCE MANAGER Highest-paid employee | 14 | $186,393 | $80,877 |
| RUSSEL BLEY | ASST. GENERAL MGR Officer | 20 | $164,956 | $73,281 |
| GLEN KENYON | MANAGER Highest-paid employee | 18 | $153,468 | $78,078 |
| CARLOS DEOLIVEIRA | COLLECTIONS AUDITOR Highest-paid employee | 18 | $152,958 | $78,035 |
| JACK KOCSIS JR | CO-CHAIRMAN Trustee or director | 1 | $0 | $0 |
| MANUEL AMADOR JR | CO CHAIRMAN Trustee or director | 1 | $0 | $0 |
| ANTHONY CAPACCIO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY S WATERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANK CRISCOLA JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NELSON FERREIRA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LUIS RECIO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTIN DOWN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL E HELLSTROM JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL GIUNTA | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended March 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS COTOV | LEGAL SERVICES Highest-paid employee | 35 | $227,658 | $82,835 |
| BEVERLY CEASER | GENERAL MANAGER Officer | 20 | $226,938 | $82,774 |
| VINCENT RICCARDI | LEGAL SERVICES Highest-paid employee | 35 | $205,479 | $80,950 |
| CHARLES FERNS | FINANCE MANAGER Highest-paid employee | 14 | $178,915 | $78,692 |
| RUSSEL BLEY | ASST. GENERAL MGR Officer | 20 | $155,198 | $71,244 |
| CARLOS DEOLIVEIRA | COLLECTIONS AUDITOR Highest-paid employee | 18 | $147,390 | $76,012 |
| GLEN KENYON | MANAGER Highest-paid employee | 18 | $144,887 | $75,799 |
| ANTONIO OLIVEIRA | CO-CHAIRMAN - THRU 8/22 Trustee or director | 1 | $0 | $0 |
| JACK KOCSIS JR | CO-CHAIRMAN Trustee or director | 1 | $0 | $0 |
| RAYMOND M POCINO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MANUEL AMADOR JR | CO CHAIRMAN - EFF 9/22 Trustee or director | 1 | $0 | $0 |
| ANTHONY CAPACCIO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY S WATERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANK CRISCOLA JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NELSON FERREIRA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LUIS RECIO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTIN DOWN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL E HELLSTROM JR | TRUSTEE - EFF 9/22 Trustee or director | 1 | $0 | $0 |
| MICHAEL GIUNTA | TRUSTEE - EFF 9/22 Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 700 RAYMOND BLVD, NEWARK, NJ 07105-2909
- Principal officer (990 for 2024)
- BEVERLY CEASER, 700 RAYMOND BOULEVARD, NEWARK, NJ 071052909
- Signed the 990
- BEVERLY CEASER, GENERAL MANAGER
- Phone
- (973) 589-5050
- Return prepared by
- SCHULTHEIS & PANETTIERI LLP
Mission
THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Program accomplishments
- THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS 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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 22-1481564
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1952
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $367,808,806
- Income (IRS master file)
- $576,360,029
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $265,452,660 | $243,876,094 | $367,808,806 | XML |
| 990 | March 2024 | – | – | – | IRS |
| 990 | March 2023 | $226,578,670 | $215,670,065 | $320,028,510 | XML |
| 990 | March 2022 | $218,623,615 | $204,412,911 | $313,433,739 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 22-1481564).
Questions about H&GL WELFARE FUND
- What is the EIN of H&GL WELFARE FUND?
- The employer identification number (EIN) of H&GL WELFARE FUND is 22-1481564.
- Is H&GL WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1952.
- Are donations to H&GL WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does H&GL 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 H&GL WELFARE FUND due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did H&GL WELFARE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of H&GL WELFARE FUND?
- The 990 for the year ended March 31, 2025 names BEVERLY CEASER.
- Who are the officers and directors of H&GL WELFARE FUND?
- The 990 for the year ended March 31, 2025 lists 17 people; 7 received compensation from the organization, the highest $263,394 (BEVERLY CEASER, GENERAL MANAGER).
- How much revenue does H&GL WELFARE FUND have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $265,452,660, expenses of $243,876,094 and total assets of $367,808,806 at year end.
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