Nonprofit · EIN 11-1955915
LOCAL 298 HEALTH BENEFIT FUND II
Tax-exempt · VALLEY STREAM, NY 11580
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $4,829,522 | $4,563,529 | $265,993 | $5,314,152 | $921,651 | $4,392,501 |
| July 31, 2024 | 990 | $5,174,866 | $3,621,972 | $1,552,894 | $4,947,409 | $1,036,408 | $3,911,001 |
| July 31, 2023 | 990 | $3,803,578 | $3,797,619 | $5,959 | $3,396,034 | $534,501 | $2,861,533 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,706,517
- Investment income
- $99,515
- Net gain from sales of assets
- -$46,082
- Other revenue
- $23,490
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $3,963,525
- Compensation of officers, directors and key employees
- $234,091
- Other salaries and wages
- $92,475
- Salaries, compensation and benefits (total)
- $416,493
- Professional fundraising fees
- $0
- Legal fees
- $38,800
- Accounting fees
- $39,500
- Occupancy
- $19,129
Balance sheet and other
- Total assets, start of year
- $4,947,409
- Total assets, end of year
- $5,314,152
- Total liabilities, end of year
- $921,651
- Net assets, end of year
- $4,392,501
- Publicly traded securities
- $3,811,870
- Gross receipts
- $12,734,588
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1958
- 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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOSEPH GIOVINCO | TRUSTEE/FUND EMPLOYEE Trustee or director | 4 | $13,136 | $475,664 | $138,901 |
| VICTOR LAGRECA | FUND MANAGER Key employee | 17 | $169,461 | $234,339 | $106,170 |
| RALPH MASCOLO | TRUSTEE Trustee or director | 0.5 | $3,000 | $0 | $0 |
990 for the year ended July 31, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| VICTOR LAGRECA | FUND MGR. Key employee | 17 | $179,126 | $224,674 | $325,000 |
| JOSEPH GIOVINCO | TRUSTEE/FUND EMPLOYEE Trustee or director | 4 | $15,446 | $275,292 | $212,000 |
| RALPH MASCOLO | TRUSTEE Trustee or director | 0.5 | $3,000 | $0 | $0 |
990 for the year ended July 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VICTOR LAGRECA | FUND MGR. Key employee | 17 | $163,115 | $32,500 |
| JOSEPH GIOVINCO | TRUSTEE/FUND EMPLOYEE Trustee or director | 4 | $12,230 | $2,500 |
| RALPH MASCOLO | TRUSTEE Trustee or director | 0.5 | $3,000 | $0 |
Address and contacts
- Address (IRS master file)
- 420 W MERRICK RD, VALLEY STREAM, NY 11580-5222
- Principal officer (990 for 2024)
- VICTOR LAGRECA, 420 W MERRICK ROAD, VALLEY STREAM, NY 11580
- Signed the 990
- VICTOR LAGRECA, FUND MANAGER
- Phone
- (516) 872-6690
- Return prepared by
- NOVAK FRANCELLA LLC
Mission
TO PROVIDE HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS.
Program accomplishments
- TO PROVIDE HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS.
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 11-1955915
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1958
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $5,314,152
- Income (IRS master file)
- $12,734,588
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $4,829,522 | $4,563,529 | $5,314,152 | IRS |
| 990 | July 2024 | $5,174,866 | $3,621,972 | $4,947,409 | IRS |
| 990 | July 2023 | $3,803,578 | $3,797,619 | $3,396,034 | XML |
| 990 | July 2022 | $3,718,860 | $4,110,688 | $3,101,056 | IRS |
| 990 | July 2021 | $4,460,186 | $4,321,788 | $3,667,434 | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 2018 | – | – | – | IRS |
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 11-1955915).
Questions about LOCAL 298 HEALTH BENEFIT FUND II
- What is the EIN of LOCAL 298 HEALTH BENEFIT FUND II?
- The employer identification number (EIN) of LOCAL 298 HEALTH BENEFIT FUND II is 11-1955915.
- Is LOCAL 298 HEALTH BENEFIT FUND II tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1958.
- Are donations to LOCAL 298 HEALTH BENEFIT FUND II tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LOCAL 298 HEALTH BENEFIT FUND II 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 LOCAL 298 HEALTH BENEFIT FUND II due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOCAL 298 HEALTH BENEFIT FUND II last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of LOCAL 298 HEALTH BENEFIT FUND II?
- The 990 for the year ended July 31, 2025 names VICTOR LAGRECA.
- Who are the officers and directors of LOCAL 298 HEALTH BENEFIT FUND II?
- The 990 for the year ended July 31, 2025 lists 3 people; 3 received compensation from the organization, the highest $13,136 (JOSEPH GIOVINCO, TRUSTEE/FUND EMPLOYEE).
- How much revenue does LOCAL 298 HEALTH BENEFIT FUND II have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $4,829,522, expenses of $4,563,529 and total assets of $5,314,152 at year end.
Other nonprofits in VALLEY STREAM
- AMALGAMATED TRANSIT WORKERS LOCAL 854 HEALTH BENEFIT FUND EIN 85-0774549 · last filed 990 for 2024
- SOUTH SHORE-LONG BEACH LODGE 1126 FREE & ACCEPTED MASONS OF NEW YORK EIN 23-7185047 · last filed 990-N for 2024
- DIVISION 1181 ATU - NEW YORK EMPLOYEES WELFARE FUND AND PLAN EIN 23-7255573 · last filed 990 for 2024
- NATIONAL HEALTH CARE INC & AFFLIATES VEBA PLAN EIN 06-1268168 · last filed 990 for 2025
- LOCAL 298 HEALTH BENEFIT FUND I EIN 11-1967404 · last filed 990 for 2024
- SICK BENEFIT FUND OF LOCAL 223 AMALGAMETED INDUSTRIAL & TOY EIN 13-1805529 · last filed 990 for 2024
- AMALGAMATED TRANSIT UNION EIN 11-1554402 · last filed 990 for 2025
- VALLEY DREAM HOUSING CO INC EIN 11-2377688 · last filed 990 for 2026
All nonprofits in VALLEY STREAM · New York · Mutual and membership benefit