Nonprofit · EIN 22-1644608
I B OF T WELFARE FUND-945
Tax-exempt · WAYNE, NJ 07470
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $38,235,261 | $41,694,695 | -$3,459,434 | $24,612,331 | $316,669 | $24,295,662 |
| December 31, 2023 | 990 | $35,509,841 | $33,975,667 | $1,534,174 | $28,296,211 | $373,398 | $27,922,813 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $37,045,184
- Investment income
- $1,141,560
- Net gain from sales of assets
- $44,839
- Other revenue
- $48,517
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $39,031,676
- Compensation of officers, directors and key employees
- $128,380
- Other salaries and wages
- $171,367
- Salaries, compensation and benefits (total)
- $425,157
- Professional fundraising fees
- $0
- Legal fees
- $61,134
- Accounting fees
- $58,844
- Occupancy
- $66,210
- Depreciation
- $3,739
Balance sheet and other
- Total assets, start of year
- $28,296,211
- Total assets, end of year
- $24,612,331
- Total liabilities, end of year
- $316,669
- Net assets, end of year
- $24,295,662
- Land, buildings and equipment
- $20,451
- Publicly traded securities
- $15,575,365
- Gross receipts
- $49,481,980
- Employees
- 7
- Volunteers
- 0
- Year formed
- 1960
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL GEIB | TRUSTEE Trustee or director | 1 | $0 | $150,427 | $81,484 |
| PAXTON RYAN | TRUSTEE Trustee or director | 1 | $0 | $150,427 | $72,544 |
| KEVIN MARTELL | TRUSTEE Trustee or director | 1 | $0 | $138,621 | $69,785 |
| DAVID BAUMANN | FUND MANAGER Officer | 40 | $105,840 | $45,360 | $28,435 |
| CATHERINE OAKES | FUND MANAGER Officer | 40 | $22,540 | $8,765 | $15,744 |
| RICHARD MAIO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANDREW PINTO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANTHONY GREGORY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID BAUMANN | TRUSTEE Trustee or director | 1 | $0 | $155,127 | $78,543 |
| MICHAEL GEIB | TRUSTEE Trustee or director | 1 | $0 | $147,368 | $78,372 |
| PAXTON RYAN | TRUSTEE Trustee or director | 1 | $0 | $147,368 | $69,938 |
| CATHERINE OAKES | FUND MANAGER Officer | 40 | $100,959 | $38,432 | $34,960 |
| RICHARD MAIO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANDREW PINTO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| TONY MANHERTZ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 585 HAMBURG TPKE STE 1, WAYNE, NJ 07470-2024
- In care of
- % TEAMSTERS LOCAL 945 WWELFARE FUND
- Principal officer (990 for 2024)
- PAXTON RYAN, 585 HAMBURG TURNPIKE, WAYNE, NJ 07470
- Signed the 990
- PAXTON RYAN, TRUSTEE
- Phone
- (973) 942-9463
- Return prepared by
- MSPC CPAS & ADVISORS PC
Mission
TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.
Program accomplishments
- PROVIDED HEALTH AND WELFARE 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 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
- 22-1644608
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $24,612,331
- Income (IRS master file)
- $49,481,980
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $38,235,261 | $41,694,695 | $24,612,331 | IRS |
| 990 | December 2023 | $35,509,841 | $33,975,667 | $28,296,211 | XML |
| 990 | December 2022 | $30,086,032 | $29,398,752 | $26,184,107 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 22-1644608).
Questions about I B OF T WELFARE FUND-945
- What is the EIN of I B OF T WELFARE FUND-945?
- The employer identification number (EIN) of I B OF T WELFARE FUND-945 is 22-1644608.
- Is I B OF T WELFARE FUND-945 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1961.
- Are donations to I B OF T WELFARE FUND-945 tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does I B OF T WELFARE FUND-945 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 I B OF T WELFARE FUND-945 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 I B OF T WELFARE FUND-945 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 I B OF T WELFARE FUND-945?
- The 990 for the year ended December 31, 2024 names PAXTON RYAN.
- Who are the officers and directors of I B OF T WELFARE FUND-945?
- The 990 for the year ended December 31, 2024 lists 8 people; 2 received compensation from the organization.
- How much revenue does I B OF T WELFARE FUND-945 have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $38,235,261, expenses of $41,694,695 and total assets of $24,612,331 at year end.
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