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Nonprofit · EIN 25-6030310

INSULATORS LOCAL NO 2 WELFARE FUND

Tax-exempt · PITTSBURGH, PA 15203

Financials

$12.2M$12.5M2023$11.6M$13.1M2024
Revenue Expenses · by fiscal year end
Financials of INSULATORS LOCAL NO 2 WELFARE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$11,598,160$13,125,666-$1,527,506$37,618,631$72,793$37,545,838
December 31, 2023990$12,160,294$12,498,051-$337,757$37,425,839$54,726$37,371,113
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$10,573,832
Investment income
$1,024,328
Net gain from sales of assets
$286,917
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$12,659,736
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$24,099
Accounting fees
$33,575

Balance sheet and other

Total assets, start of year
$37,425,839
Total assets, end of year
$37,618,631
Total liabilities, end of year
$72,793
Net assets, end of year
$37,545,838
Publicly traded securities
$19,621,518
Gross receipts
$24,458,153
Employees
23
Volunteers
0
Year formed
1961
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JAMES CASSIDYTRUSTEE / CO-CHAIRMAN
Trustee or director
1$0
JAMES BURNHAM JRTRUSTEE / CO-CHAIRMAN
Trustee or director
1$0
BRAD SCHAFERTRUSTEE
Trustee or director
1$0
JOHN STEWARTTRUSTEE
Trustee or director
1$0
KEITH CONNOLLYTRUSTEE
Trustee or director
1$0
MICHAEL LANGSDORFTRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
JAMES CASSIDYTRUSTEE / CO-CHAIRMAN
Trustee or director
1$0
JAMES BURNHAM JRTRUSTEE / CO-CHAIRMAN
Trustee or director
1$0
BRAD SCHAFERTRUSTEE
Trustee or director
1$0
JONATHAN SEILERTRUSTEE
Trustee or director
1$0
KEITH CONNOLLYTRUSTEE
Trustee or director
1$0
MICHAEL LANGSDORFTRUSTEE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
5 HOT METAL ST STE 200, PITTSBURGH, PA 15203-2351
In care of
% INSULATORS LOCAL 2 WELFARE
Principal officer (990 for 2024)
JAMES CASSIDY, 5 Hot Metal Street, Pittsburgh, PA 15203
Signed the 990
JOHN W STEWART, TRUSTEE
Phone
(412) 432-1143
Return prepared by
DICLAUDIO & KRAMER LLC

Mission

TO PROVIDE HEALTH & WELFARE BENEFITS

990 for the year ended December 31, 2024

Program accomplishments

  • HEALTH AND WELFARE BENEFITS ARE PROVIDED TO MEMBERS OF THE ASBESTOS WORKERS LOCAL UNION #2.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
25-6030310
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1963
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$37,618,631
Income (IRS master file)
$24,458,153

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$11,598,160$13,125,666$37,618,631XML
990December 2023$12,160,294$12,498,051$37,425,839XML
990December 2022$16,607,776$10,238,239$35,666,325IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 25-6030310).

Questions about INSULATORS LOCAL NO 2 WELFARE FUND

What is the EIN of INSULATORS LOCAL NO 2 WELFARE FUND?
The employer identification number (EIN) of INSULATORS LOCAL NO 2 WELFARE FUND is 25-6030310.
Is INSULATORS LOCAL NO 2 WELFARE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1963.
Are donations to INSULATORS LOCAL NO 2 WELFARE FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does INSULATORS LOCAL NO 2 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 INSULATORS LOCAL NO 2 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 INSULATORS LOCAL NO 2 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 INSULATORS LOCAL NO 2 WELFARE FUND?
The 990 for the year ended December 31, 2024 names JAMES CASSIDY.
Who are the officers and directors of INSULATORS LOCAL NO 2 WELFARE FUND?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does INSULATORS LOCAL NO 2 WELFARE FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $11,598,160, expenses of $13,125,666 and total assets of $37,618,631 at year end.

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