Nonprofit · EIN 24-6021365
ELECTRICIANS WELFARE FUND-NO 81
Tax-exempt · ROSELAND, NJ 07068
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $10,612,348 | $9,487,338 | $1,125,010 | $17,813,323 | $163,358 | $17,649,965 |
| April 30, 2024 | 990 | $8,832,053 | $8,739,149 | $92,904 | $16,261,380 | $136,509 | $16,124,871 |
| April 30, 2023 | 990 | $8,397,793 | $8,474,258 | -$76,465 | $15,532,076 | $111,213 | $15,420,863 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,877,376
- Investment income
- $734,972
- Net gain from sales of assets
- $413,231
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $8,300,887
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $26,202
- Accounting fees
- $20,900
- Program services (functional)
- $8,923,412
- Management and general (functional)
- $563,926
Balance sheet and other
- Total assets, start of year
- $16,261,380
- Total assets, end of year
- $17,813,323
- Total liabilities, end of year
- $163,358
- Net assets, end of year
- $17,649,965
- Publicly traded securities
- $14,815,488
- Gross receipts
- $12,950,818
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1954
- State of legal domicile
- PA
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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AJ PALAZZARI | MANAGEMENT TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL MCDERMOTT | UNION TRUSTEE Trustee or director | 1 | $0 |
| EDWARD O'DONNELL | UNION TRUSTEE Trustee or director | 1 | $0 |
| TIMOTHY LEBER | MANAGEMENT TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL WALSH JR | MANAGEMENT TRUSTEE Trustee or director | 1 | $0 |
| PATRICK HARDING | UNION TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended April 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AJ PALAZZARI | MANAGEMENT TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL MCDERMOTT | UNION TRUSTEE Trustee or director | 1 | $0 |
| EDWARD O'DONNELL | UNION TRUSTEE Trustee or director | 1 | $0 |
| GLEN LESNIAK | MANAGEMENT TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL WALSH JR | MANAGEMENT TRUSTEE Trustee or director | 1 | $0 |
| PATRICK HARDING | UNION TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended April 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AJ PALAZZARI FROM JUNE 2022 | MANAGEMENT TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL MCDERMOTT | UNION TRUSTEE Trustee or director | 1 | $0 |
| EDWARD O'DONNELL | UNION TRUSTEE Trustee or director | 1 | $0 |
| GERARD NICHOLS TO JUNE 2022 | MANAGEMENT TRUSTEE Trustee or director | 1 | $0 |
| GLEN LESNIAK | MANAGEMENT TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL WALSH JR | MANAGEMENT TRUSTEE Trustee or director | 1 | $0 |
| PATRICK HARDING | UNION TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 425 EAGLE ROCK AVE STE 105, ROSELAND, NJ 07068-1717
- Principal officer (990 for 2024)
- MICHAEL MCDERMOTT, 431 WYOMING AVENUE, SCRANTON, PA 18503
- Signed the 990
- MICHAEL MCDERMOTT, TRUSTEE
- Phone
- (570) 344-5711
- Return prepared by
- MMQ & ASSOCIATES PC
Mission
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, LOCAL UNION #81-WELFARE FUND, OPERATING FROM OFFICES IN SCRANTON, PENNSYLVANIA, PROVIDES WELFARE BENEFITS TO ITS ELIGIBLE MEMBERS THROUGH A SEPARATELY ORGANIZED WELFARE FUND.
Program accomplishments
- DEATH, SICKNESS, HOSPITALIZATION, AND DISABILITY BENEFITSExpenses $8,923,412 · revenue $9,877,376
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 24-6021365
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1964
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $17,813,323
- Income (IRS master file)
- $12,950,818
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $10,612,348 | $9,487,338 | $17,813,323 | XML |
| 990 | April 2024 | $8,832,053 | $8,739,149 | $16,261,380 | XML |
| 990 | April 2023 | $8,397,793 | $8,474,258 | $15,532,076 | XML |
| 990 | April 2022 | $8,238,937 | $8,124,886 | $15,969,478 | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2020 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | IRS |
| 990 | April 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 24-6021365).
Questions about ELECTRICIANS WELFARE FUND-NO 81
- What is the EIN of ELECTRICIANS WELFARE FUND-NO 81?
- The employer identification number (EIN) of ELECTRICIANS WELFARE FUND-NO 81 is 24-6021365.
- Is ELECTRICIANS WELFARE FUND-NO 81 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1964.
- Are donations to ELECTRICIANS WELFARE FUND-NO 81 tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ELECTRICIANS WELFARE FUND-NO 81 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 ELECTRICIANS WELFARE FUND-NO 81 due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ELECTRICIANS WELFARE FUND-NO 81 last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of ELECTRICIANS WELFARE FUND-NO 81?
- The 990 for the year ended April 30, 2025 names MICHAEL MCDERMOTT.
- Who are the officers and directors of ELECTRICIANS WELFARE FUND-NO 81?
- The 990 for the year ended April 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does ELECTRICIANS WELFARE FUND-NO 81 have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $10,612,348, expenses of $9,487,338 and total assets of $17,813,323 at year end.
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