Nonprofit · EIN 86-1830285
NYSPIA HEALTH AND WELFARE FUND
Tax-exempt · ALBANY, NY 12211
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $887,179 | $23,232 | $863,947 | $5,833,576 | $0 | $5,833,576 |
| December 31, 2023 | 990 | $598,502 | $147,761 | $450,741 | $4,862,844 | $3,325 | $4,859,519 |
| December 31, 2022 | 990 | $647,566 | $16,002 | $631,564 | $3,957,867 | $0 | $3,957,867 |
| December 31, 2021 | 990 | $3,885,205 | $7,837 | $3,877,368 | $3,860,008 | $0 | $3,860,008 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $484,568
- Investment income
- $402,611
- Net gain from sales of assets
- $188,968
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $750
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $4,862,844
- Total assets, end of year
- $5,833,576
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,833,576
- Publicly traded securities
- $5,765,393
- Gross receipts
- $2,276,989
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2021
- 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 |
|---|---|---|---|---|
| TIMOTHY DYMOND | TRUSTEE Trustee or director | 15 | $0 | $20,000 |
| ROBERT LOMBARDI | TRUSTEE Trustee or director | 4 | $0 | $5,000 |
| WILLIAM DIAZ | TRUSTEE Trustee or director | 3 | $0 | $4,423 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| TIMOTHY DYMOND | TRUSTEE Trustee or director | 1 | $0 | $20,000 |
| RONALD PIERONE JR | TRUSTEE - RESIGNED 2/2023 Trustee or director | 1 | $0 | $5,000 |
| ROBERT LOMBARDI | TRUSTEE Trustee or director | 1 | $0 | $5,000 |
| WILLIAM DIAZ | TRUSTEE- START 2/2023 Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| TIMOTHY M DYMOND | TRUSTEE Trustee or director | 1 | $0 | $20,000 |
| RONALD R PIERONE JR | TRUSTEE Trustee or director | 1 | $0 | $5,000 |
| ROBERT LOMBARDI | TRUSTEE- START 4/2022 Trustee or director | 1 | $0 | $3,654 |
| WILLIAM TSHEETS | TRUSTEE- RESIGNED 4/2022 Trustee or director | 1 | $0 | $1,423 |
990 for the year ended December 31, 2021: 3 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| TIMOTHY M DYMOND | TRUSTEE Trustee or director | 1 | $0 | $20,000 |
| RONALD R PIERONE JR | TRUSTEE Trustee or director | 1 | $0 | $5,000 |
| WILLIAM SHEETS | TRUSTEE Trustee or director | 1 | $0 | $4,808 |
Address and contacts
- Address (IRS master file)
- 421 LOUDON RD, ALBANY, NY 12211-1722
- In care of
- % TIMOTHY DYMOND
- Principal officer (990 for 2024)
- KURT J LABUDA, 421 LOUDON ROAD, ALBANY, NY 12211
- Signed the 990
- ROBERT LOMBARDI, TRUSTEE
- Phone
- (518) 436-0120
- Website
- WWW.NYSPIA.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
THE TRUST FUND IS CREATED, ESTABLISHED AND MAINTAINED, AND THE TRUSTEES AGREE TO RECEIVE FUNDS FROM THE STATE OF NEW YORK AND TO HOLD IT AND ADMINISTER IT BY WAY OF SELF-ADMINISTRATION FOR THE PURPOSE OF PROVIDING AND MAINTAINING CERTAIN WELFARE BENEFITS FOR PARTICIPANTS AND MEMBERS AND DEFRAYING THE REASONABLE EXPENSES OF ADMINISTRATION OF THE PLAN IN ACCORDANCE WITH THE PROVISIONS SET FORTH HEREIN AND IN THE PLAN, AND TO DEVISE AND IMPLEMENT SUCH PROCEDURES AND PROGRAMS AS MAY BE NECESSARY OR FAVORABLE FROM TIME TO TIME TO FULFILL THE FOREGOING OBJECTIVES.
Program accomplishments
- THE TRUSTEES HAVE ADOPTED THE MEDICAL EXPENSE REIMBURSEMENT PLAN (THE PLAN) TO PROVIDE FOR THE REIMBURSEMENT OF MEDICAL EXPENSES OF RETIRED EMPLOYEES. THE PLAN IS INTENDED TO QUALIFY AS A HEALTH REIMBURSEMENT ARRANGEMENT AS DEFINED BY IRS NOTICE 2002-45. THE ORGANIZATION IS FUNDED BY EMPLOYER CONTRIBUTIONS REQUIRED UNDER PRIOR AND FUTURE COLLECTIVE BARGAINING AGREEMENTS. THE PLAN WILL BE ADMINISTERED BY THE TRUSTEES WITH ASSISTANCE FROM UNION STAFF.
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
- 86-1830285
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y44)
- Assets (IRS master file)
- $5,833,576
- Income (IRS master file)
- $2,276,989
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $887,179 | $23,232 | $5,833,576 | IRS |
| 990 | December 2023 | $598,502 | $147,761 | $4,862,844 | XML |
| 990 | December 2022 | $647,566 | $16,002 | $3,957,867 | XML |
| 990 | December 2021 | $3,885,205 | $7,837 | $3,860,008 | XML |
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 86-1830285).
Questions about NYSPIA HEALTH AND WELFARE FUND
- What is the EIN of NYSPIA HEALTH AND WELFARE FUND?
- The employer identification number (EIN) of NYSPIA HEALTH AND WELFARE FUND is 86-1830285.
- Is NYSPIA HEALTH AND WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2024.
- Are donations to NYSPIA HEALTH AND WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NYSPIA HEALTH AND 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 NYSPIA HEALTH AND 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 NYSPIA HEALTH AND 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 NYSPIA HEALTH AND WELFARE FUND?
- The 990 for the year ended December 31, 2024 names KURT J LABUDA.
- Who are the officers and directors of NYSPIA HEALTH AND WELFARE FUND?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does NYSPIA HEALTH AND WELFARE FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $887,179, expenses of $23,232 and total assets of $5,833,576 at year end.
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