Nonprofit · EIN 36-4636298
LOCAL 580 LABOR MANAGEMENT PROMOTION FUND
Tax-exempt · NEW YORK, NY 10036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $739,056 | $502,822 | $236,234 | $4,642,714 | $10,000 | $4,632,714 |
| December 31, 2023 | 990 | $378,443 | $172,180 | $206,263 | $4,439,071 | $42,591 | $4,396,480 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $528,241
- Investment income
- $205,884
- Other revenue
- $4,931
Expenses
- Grants and similar amounts paid
- $310,505
- Other salaries and wages
- $102,013
- Salaries, compensation and benefits (total)
- $162,291
- Professional fundraising fees
- $0
- Legal fees
- $5,802
- Accounting fees
- $8,377
- Occupancy
- $3,297
- Travel
- $317
Balance sheet and other
- Total assets, start of year
- $4,439,071
- Total assets, end of year
- $4,642,714
- Total liabilities, end of year
- $10,000
- Net assets, end of year
- $4,632,714
- Publicly traded securities
- $4,173,075
- Net assets without donor restrictions
- $4,632,714
- Gross receipts
- $739,056
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2009
- State of legal domicile
- NY
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 |
|---|---|---|---|---|---|
| BRENDAN TORMEY | FUND ADMINISTRATOR Officer | 1 | $0 | $182,337 | $127,842 |
| EARL DUNN | UNION TRUSTEE - THRU 12/24 Trustee or director | 1 | $0 | $0 | $0 |
| ENRIQUE MARCANO | UNION TRUSTEE - EFF 12/24 Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH NOLAN | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS MILTON | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN DONOFRIO | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN MCKEON | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH MAFFEI | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PETER CARRIERO | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| HARVEY A HEFFNER | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| RANDALL MENT | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ARTHUR RUBENSTEIN | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRENDAN TORMEY | FUND ADMINISTRATOR Officer | 1 | $0 | $180,112 | $124,306 |
| JOSEPH NOLAN | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PETER MYERS - THRU 1023 | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS MILTON | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOHN CUMBERLAND - TRU 223 | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN DONOFRIO - EFF 223 | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN MCKEON | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH MAFFEI | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PETER CARRIERO | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| HARVEY A HEFFNER | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| RANDALL MENT | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ARTHUR RUBENSTEIN | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| EARL DUNN - EFF 1023 | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 501 W 42ND ST, NEW YORK, NY 10036-6205
- In care of
- % DENNIS LUSARDI
- Principal officer (990 for 2024)
- BRENDAN TORMEY, 501 WEST 42ND STREET, NEW YORK, NY 10036
- Signed the 990
- JOSEPH NOLAN, UNION TRUSTEE
- Phone
- (212) 695-5206
- Return prepared by
- SCHULTHEIS & PANETTIERI LLP
Mission
TO ADVANCE THE INTERESTS OF THE ARCHITECTURAL, ORNAMENTAL AND MISCELLANEOUS METAL WORK INDUSTRY IN THE GREATER NEW YORK AREA AND OF THOSE WHO ARE ENGAGED IN IT.
Program accomplishments
- TO ESTABLISH A JOB TARGETING PROGRAM AND TO MONITOR AND TRACK PUBLIC WORKS PROJECTS TO ENSURE COMPLIANCE WITH PREVAILING WAGE REQUIREMENTS.
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
- 36-4636298
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J40)
- Assets (IRS master file)
- $4,642,714
- Income (IRS master file)
- $739,056
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $739,056 | $502,822 | $4,642,714 | XML |
| 990 | December 2023 | $378,443 | $172,180 | $4,439,071 | XML |
| 990 | December 2022 | $350,698 | $201,300 | $4,059,500 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 36-4636298).
Questions about LOCAL 580 LABOR MANAGEMENT PROMOTION FUND
- What is the EIN of LOCAL 580 LABOR MANAGEMENT PROMOTION FUND?
- The employer identification number (EIN) of LOCAL 580 LABOR MANAGEMENT PROMOTION FUND is 36-4636298.
- Is LOCAL 580 LABOR MANAGEMENT PROMOTION FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 2009.
- Are donations to LOCAL 580 LABOR MANAGEMENT PROMOTION FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LOCAL 580 LABOR MANAGEMENT PROMOTION 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 LOCAL 580 LABOR MANAGEMENT PROMOTION 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 LOCAL 580 LABOR MANAGEMENT PROMOTION 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 LOCAL 580 LABOR MANAGEMENT PROMOTION FUND?
- The 990 for the year ended December 31, 2024 names BRENDAN TORMEY.
- Who are the officers and directors of LOCAL 580 LABOR MANAGEMENT PROMOTION FUND?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does LOCAL 580 LABOR MANAGEMENT PROMOTION FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $739,056, expenses of $502,822 and total assets of $4,642,714 at year end.
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