Nonprofit · EIN 22-1668940
TEAMSTERS LOCAL UNION NO 408 I B OF T WELFARE FUND
Tax-exempt · UNION, NJ 07083
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,232,338 | $3,485,287 | $747,051 | $13,367,434 | $62,427 | $13,305,007 |
| December 31, 2023 | 990 | $3,864,102 | $4,214,050 | -$349,948 | $12,727,013 | $494,406 | $12,232,607 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,158,258
- Investment income
- $1,070,617
- Net gain from sales of assets
- $541,398
- Other revenue
- $3,463
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $2,837,573
- Compensation of officers, directors and key employees
- $57,381
- Other salaries and wages
- $50,450
- Salaries, compensation and benefits (total)
- $191,709
- Professional fundraising fees
- $0
- Legal fees
- $12,124
- Accounting fees
- $44,527
- Occupancy
- $20,056
- Depreciation
- $2,789
Balance sheet and other
- Total assets, start of year
- $12,727,013
- Total assets, end of year
- $13,367,434
- Total liabilities, end of year
- $62,427
- Net assets, end of year
- $13,305,007
- Land, buildings and equipment
- $37,415
- Publicly traded securities
- $12,205,363
- Gross unrelated business income
- $529,219
- Gross receipts
- $15,921,591
- Employees
- 3
- 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 |
|---|---|---|---|---|---|
| JOSEPH DIPALMA | TRUSTEE Trustee or director | 1 | $0 | $128,427 | $87,903 |
| JOSEPH DILEO | TRUSTEE Trustee or director | 1 | $0 | $119,757 | $92,075 |
| ROSALIND TOMEIO | FUND MANAGER Officer | 40 | $57,381 | $55,131 | $64,343 |
| ROBERT HRYSZKO SR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT KLEIN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS MISKEWITZ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOSEPH DIPALMA | TRUSTEE Trustee or director | 1 | $0 | $121,974 | $85,514 |
| JOSEPH DILEO | TRUSTEE Trustee or director | 1 | $0 | $113,306 | $88,639 |
| ROSALIND TOMEIO | FUND MANAGER Officer | 40 | $54,809 | $52,660 | $64,343 |
| ROBERT HRYSZKO SR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT KLEIN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS MISKEWITZ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1907 MORRIS AVE, UNION, NJ 07083-3506
- Principal officer (990 for 2024)
- JOSEPH DIPALMA, 1907 MORRIS AVENUE, UNION, NJ 070833506
- Signed the 990
- JOSEPH DIPALMA, TRUSTEE
- Phone
- (908) 964-9177
- Return prepared by
- MSPC CPAS & ADVISORS PC
Mission
TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.
Program accomplishments
- PROVIDED HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE 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
- 22-1668940
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1964
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $13,367,434
- Income (IRS master file)
- $15,921,591
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,232,338 | $3,485,287 | $13,367,434 | XML |
| 990 | December 2023 | $3,864,102 | $4,214,050 | $12,727,013 | XML |
| 990 | December 2022 | $3,044,750 | $3,758,696 | $11,594,174 | 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 22-1668940).
Questions about TEAMSTERS LOCAL UNION NO 408 I B OF T WELFARE FUND
- What is the EIN of TEAMSTERS LOCAL UNION NO 408 I B OF T WELFARE FUND?
- The employer identification number (EIN) of TEAMSTERS LOCAL UNION NO 408 I B OF T WELFARE FUND is 22-1668940.
- Is TEAMSTERS LOCAL UNION NO 408 I B OF T WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1964.
- Are donations to TEAMSTERS LOCAL UNION NO 408 I B OF T WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TEAMSTERS LOCAL UNION NO 408 I B OF T 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 TEAMSTERS LOCAL UNION NO 408 I B OF T 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 TEAMSTERS LOCAL UNION NO 408 I B OF T 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 TEAMSTERS LOCAL UNION NO 408 I B OF T WELFARE FUND?
- The 990 for the year ended December 31, 2024 names JOSEPH DIPALMA.
- Who are the officers and directors of TEAMSTERS LOCAL UNION NO 408 I B OF T WELFARE FUND?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization.
- How much revenue does TEAMSTERS LOCAL UNION NO 408 I B OF T WELFARE FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,232,338, expenses of $3,485,287 and total assets of $13,367,434 at year end.
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