Northeastern New York District Council Pipefitters Welfare Fund

Organization Overview

Northeastern New York District Council Pipefitters Welfare Fund is located in Glens Falls, NY. The organization was established in 1982. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 05/2023, Northeastern New York District Council Pipefitters Welfare Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeastern New York District Council Pipefitters Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 05/2023, Northeastern New York District Council Pipefitters Welfare Fund generated $6.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $5.7m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE MEDICAL, LIFE, DISABILITY AND DEATH BENEFITS TO MEMBERS OF THE LOCAL UNION NO. 773.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE MEDICAL , LIFE, DISABILITY , AND DEATH BENEFITS TO MEMBERS OF THE LOCAL UNION NO. 773.


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Board, Officers & Key Employees

Name (title)Compensation
Lawrence Gonnelly
Trustee
$0
Michael Salerno
Trustee
$0
Terry Bulman
Trustee
$0
Andrew Laplante
Trustee
$0
Daniel Monroe Jr
Trustee
$0
Joseph Collier
Trustee
$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$5,107,028
Investment income $830,311
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $458,696
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,502,514

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