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Nonprofit · EIN 36-2196729

CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST FUND

Tax-exempt · BELLWOOD, IL 60104

Financials

$31M$25.6M2023$29.9M$27M2024
Revenue Expenses · by fiscal year end
Financials of CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$29,854,571$27,005,121$2,849,450$87,240,920$342,318$86,898,602
December 31, 2023990$30,992,756$25,581,042$5,411,714$80,553,094$388,407$80,164,687
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$27,187,084
Investment income
$2,417,559
Net gain from sales of assets
$116,183
Other revenue
$249,928

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$23,730,663
Compensation of officers, directors and key employees
$257,307
Other salaries and wages
$917,017
Salaries, compensation and benefits (total)
$2,106,989
Professional fundraising fees
$0
Legal fees
$101,718
Accounting fees
$175,971
Occupancy
$216,908
Travel
$12,669
Depreciation
$50,450

Balance sheet and other

Total assets, start of year
$80,553,094
Total assets, end of year
$87,240,920
Total liabilities, end of year
$342,318
Net assets, end of year
$86,898,602
Land, buildings and equipment
$567,481
Publicly traded securities
$73,156,338
Gross receipts
$52,823,170
Employees
24
Volunteers
0
Year formed
1950
State of legal domicile
IL

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 / weekCompensationFrom related orgsOther / benefits
LAWRENCE PICARDI SRTRUSTEE - PAST
Trustee or director
2$0$226,075$141,846
KEVIN FARLEYTRUSTEE
Trustee or director
2$0$204,701$149,157
LAWRENCE PICARDI JRTRUSTEE - NEW
Trustee or director
2$0$169,402$114,451
WILLIAM BEEMANADMINISTRATOR - PAST
Officer
18.16$156,651$7,642$91,897
ANTONIO ACEVADOTRUSTEE
Trustee or director
1$0$159,085$83,737
ANGELO FEOLAADMINISTRATOR - NEW
Officer
13.6$149,834$5,647$83,737
CHARLES PICARDIASSISTANT ADMINISTRATOR
Highest-paid employee
20$141,833$3,452$75,577
COLLEEN LAKISCONTROLLER
Highest-paid employee
10$115,710$0$67,417
JAY LASALATRUSTEE
Trustee or director
1$3,318$41,108$41,345
ANTHONY A FARRELLTRUSTEE
Trustee or director
1$4,130$4,517$4,640
SANDRA HUNTTRUSTEE
Trustee or director
1$4,130$3,145$0
JOHN HALLBERGTRUSTEE
Trustee or director
1$0$0$0
BRIAN BARRYTRUSTEE
Trustee or director
1$0$0$0
MIKE DYNOWSKITRUSTEE
Trustee or director
1$0$0$0
STEVE BAUMGARTNERTRUSTEE
Trustee or director
2$0$0$0
3 more people on this return
NameTitleHours / weekCompensation
SALVATORE CERAMITRUSTEE - NEW
Trustee or director
1$0
ROBERT KUTROVATZTRUSTEE
Trustee or director
1$0
MIKE KOLBERGTRUSTEE - PAST
Trustee or director
2$0
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KEVIN FARLEYTRUSTEE
Trustee or director
2$0$194,079$137,878
LAWRENCE PICARDI SRTRUSTEE
Trustee or director
2$0$182,455$131,077
WILLIAM BEEMANADMINISTRATOR
Officer
18$151,812$4,075$84,141
ANTONIO ACEVEDOTRUSTEE
Trustee or director
1$0$152,165$76,681
ANGELO FEOLACOLLECTION COORDINATOR
Highest-paid employee
14$144,404$1,275$76,682
CHARLIE PICARDICOLLECTION COORDINATOR
Highest-paid employee
20$136,154$1,275$69,222
COLLEEN LAKISCONTROLLER
Highest-paid employee
10$113,317$0$61,761
JAY LA SALATRUSTEE
Trustee or director
1$4,036$58,737$38,767
SANDRA HUNTTRUSTEE
Trustee or director
1$4,434$1,738$0
BRIAN BARRYTRUSTEE - NEW
Trustee or director
1$2,842$0$0
GUADALUPE RODRIGUEZTRUSTEE - PAST
Trustee or director
1$1,592$0$1,211
ANTHONY FARRELLTRUSTEE - NEW
Trustee or director
1$0$0$629
STEVE BAUMGARTNERTRUSTEE
Trustee or director
2$0$0$0
MICHAEL DYNOWSKITRUSTEE
Trustee or director
1$0$0$0
JOHN HALLBERGTRUSTEE
Trustee or director
1$0$0$0
MICHAEL KOLBERGTRUSTEE
Trustee or director
2$0$0$0
ROBERT KUTROVATZTRUSTEE
Trustee or director
1$0$0$0
LANCE HORNADAYTRUSTEE - PAST
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
2400 MADISON ST STE 101, BELLWOOD, IL 60104-1346
Principal officer (990 for 2024)
KEVIN J FARLEY, 739 - 25TH AVENUE, BELLWOOD, IL 60104
Signed the 990
KEVIN J FARLEY, TRUSTEE
Phone
(708) 544-9105
Return prepared by
LEGACY PROFESSIONALS LLP

Mission

PROVIDE HEALTH BENEFITS

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE MEDICAL AND LIFE INSURANCE TO PARTICIPANTS.

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
36-2196729
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1951
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$87,240,920
Income (IRS master file)
$52,823,170

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$29,854,571$27,005,121$87,240,920XML
990December 2023$30,992,756$25,581,042$80,553,094XML
990December 2022$27,817,282$23,804,139$71,138,874IRS
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 36-2196729).

Questions about CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST FUND

What is the EIN of CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST FUND?
The employer identification number (EIN) of CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST FUND is 36-2196729.
Is CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1951.
Are donations to CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST 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 CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST 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 CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST 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 CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST FUND?
The 990 for the year ended December 31, 2024 names KEVIN J FARLEY.
Who are the officers and directors of CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST FUND?
The 990 for the year ended December 31, 2024 lists 18 people; 7 received compensation from the organization.
How much revenue does CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $29,854,571, expenses of $27,005,121 and total assets of $87,240,920 at year end.

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