Central New York Laborers Health And Welfare Fund
- Assets
- $9.2m
- Revenue
- $3.0m
- Investments
- $174.2k
- Employees
- 10
- Location
- E Syracuse, NY
- Founding
- 05/1959
- Data as of
- 06/2022
- EIN
- 16-6044095
Organization Overview
Central New York Laborers Health And Welfare Fund is located in E Syracuse, NY. The organization was established in 1959. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Central New York Laborers Health And Welfare Fund employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central New York Laborers Health And 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 06/2022, Central New York Laborers Health And Welfare Fund generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 6 years. 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
PROVIDE MEDICAL, DENTAL, DISABILITY AND DEATH BENEFITS TO UNION MEMBERS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES MEDICAL, DENTAL, DISABILITY AND DEATH BENEFITS FOR UNION MEMBERS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Bellinger Trustee | Trustee | 1 | $0 |
Stephen Compagni Trustee | Trustee | 1 | $0 |
Earl R Hall Trustee | Trustee | 1 | $0 |
Joseph Solazzo III Recording Secretary | OfficerTrustee | 1 | $0 |
Gabriel Rosetti III Business Manager | OfficerTrustee | 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 | $2,357,289 |
| Investment income | $270,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $273,231 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,042,356 |
| 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 | $1,840,759 |
| 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 | $50,848 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,103 |
| Payroll taxes | $5,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,860 |
| Fees for services: Accounting | $44,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,069 |
| Fees for services: Other | $213,463 |
| Advertising and promotion | $0 |
| Office expenses | $12,418 |
| Information technology | $5,956 |
| Royalties | $0 |
| Occupancy | $30,630 |
| 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 | $8,614 |
| Insurance | $5,954 |
| All other expenses | $0 |
| Total functional expenses | $2,390,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,107 |
| Savings and temporary cash investments | $231,354 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $402,097 |
| 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 | $0 |
| Net Land, buildings, and equipment | $18,663 |
| Investments—publicly traded securities | $8,192,355 |
| Investments—other securities | $174,237 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,126 |
| Total assets | $9,238,939 |
| Accounts payable and accrued expenses | $87,391 |
| Grants payable | $0 |
| Deferred revenue | $7,472 |
| 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 | $0 |
| Total liabilities | $94,863 |
| 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 | $9,144,076 |
| Total liabilities and net assets/fund balances | $9,238,939 |