Liquor Salesmens Union Local 2 Insurance Trust Fund
- Assets
- $5.0m
- Revenue
- $884.1k
- Investments
- $271.4k
- Employees
- 1
- Location
- Staten Island, NY
- Founding
- 02/1958
- Data as of
- 12/2022
- EIN
- 13-6118802
Organization Overview
Liquor Salesmens Union Local 2 Insurance Trust Fund is located in Staten Island, NY. The organization was established in 1958. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liquor Salesmens Union Local 2 Insurance Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Liquor Salesmens Union Local 2 Insurance Trust Fund generated $884.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $746.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DENTAL, OPTICAL, LONG-TERM DISABILITY AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS COVERED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES DEATH, DENTAL, LONG-TERM DISABILITY, SCRIPTSAVE, HEART SCAN AND OPTICAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR COVERED DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Mattassa Employer Trustee | Trustee | 1 | $0 |
Robert Lento Former Employer Trustee | Trustee | 1 | $0 |
Stephen Booras Union Trustee | Trustee | 1 | $0 |
Thomas Baffer Union Trustee | Trustee | 1 | $0 |
Paul Cappiali Union Trustee | Trustee | 1 | $0 |
Susan Blohm Employer Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $783,228 |
| Investment income | $112,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,594 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $884,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $394,613 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,310 |
| Pension plan accruals and contributions | $8,756 |
| Other employee benefits | $15,815 |
| Payroll taxes | $11,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,249 |
| Fees for services: Accounting | $35,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,531 |
| Fees for services: Other | $5,400 |
| Advertising and promotion | $0 |
| Office expenses | $21,566 |
| Information technology | $25,834 |
| Royalties | $0 |
| Occupancy | $30,501 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,535 |
| All other expenses | $0 |
| Total functional expenses | $746,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $632,041 |
| Savings and temporary cash investments | $39,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,162 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,008 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,055,660 |
| Investments—other securities | $271,402 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,933 |
| Total assets | $5,037,842 |
| Accounts payable and accrued expenses | $25,214 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,974 |
| Total liabilities | $41,188 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,996,654 |
| Total liabilities and net assets/fund balances | $5,037,842 |