Laborers Intl Union Of North America Local 17 Welfare Fund

Organization Overview

Laborers Intl Union Of North America Local 17 Welfare Fund is located in Newburgh, NY. The organization was established in 1955. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Laborers Intl Union Of North America Local 17 Welfare Fund employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laborers Intl Union Of North America Local 17 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 12/2021, Laborers Intl Union Of North America Local 17 Welfare Fund generated $13.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $14.5m during the year ending 12/2021. While expenses have increased by 7.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTH, VISION, DENTAL, PRESCRIPTION, TEMPORARY DISABILITY AND LIFE INSURANCE BENEFITS TO MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HEALTH, VISION, DENTAL, PRESCRIPTION, TEMPORARY DISABILITY AND LIFE INSURANCE BENEFITS TO MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Scott Oliver
Fund Manager
$127,935
L Todd Diorio
Trustee
$0
Dean Tamburri
Trustee
$0
Jeff Diorio
Trustee
$0
Genaro A Argenio
Trustee
$0
Michael Mastropietro
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $83,782
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$83,782
Total Program Service Revenue$12,873,958
Investment income $250,603
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $63,632
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,271,975

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