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Nonprofit · EIN 13-1615440

EXCAVATORS UNION-731 WELFARE FUND

Tax-exempt · ASTORIA, NY 11106

Financials

$317.8M$203.6M2023$365.1M$228.4M2024
Revenue Expenses · by fiscal year end
Financials of EXCAVATORS UNION-731 WELFARE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$365,130,478$228,448,833$136,681,645$1,112,965,398$7,495,267$1,105,470,131
December 31, 2023990$317,835,772$203,642,189$114,193,583$931,035,083$5,958,285$925,076,798
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$276,047,600
Investment income
$88,666,433
Net gain from sales of assets
$12,459,980
Other revenue
$416,445

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$223,076,783
Other salaries and wages
$1,255,278
Salaries, compensation and benefits (total)
$2,279,144
Professional fundraising fees
$0
Legal fees
$341,250
Accounting fees
$237,123
Occupancy
$293,904
Travel
$51
Depreciation
$43,924
Program services (functional)
$228,448,833

Balance sheet and other

Total assets, start of year
$931,035,083
Total assets, end of year
$1,112,965,398
Total liabilities, end of year
$7,495,267
Net assets, end of year
$1,105,470,131
Land, buildings and equipment
$67,526
Publicly traded securities
$1,030,962,325
Gross receipts
$741,494,925
Employees
6
Year formed
1950
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
CARMINE D'AMATOUNION TRUSTE
Trustee or director
0$0$388,856$222,278
DOMINIC VALDNERUNION TRUSTE
Trustee or director
0$0$383,873$219,535
MARK KEYFUND ADM
Officer
25$0$262,717$108,742
PAUL D'ABBRACCIOFMR FUND MNG
Officer
20$0$230,628$57,546
ANTHONY TODAROBENEFITS COO
Highest-paid employee
12$0$171,138$107,742
MICHELLE REIDPENSION SUPE
Highest-paid employee
10$0$183,174$75,370
CHRISTOPHER NETHAWAYIT DIRECTOR
Highest-paid employee
12$0$132,204$84,340
ANTHONY D'ABBRACCIOACCOUNTANT
Highest-paid employee
12$0$133,180$74,311
JESSICA PIZAWF BENEFIT C
Highest-paid employee
40$112,354$0$67,584
JOSEPH D'AMATOFMR TRUSTEE
Former
0$0$51,954$0
MARK ROSENEMPLOYER TRU
Trustee or director
–$0$0$0
ROBERT WESSELEMPLOYER TRU
Trustee or director
–$0$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOSEPH D'AMATOFMR UNION TR
Trustee or director
0$0$560,909$129,007
CARMINE D'AMATOUNION TRUSTE
Trustee or director
–$0$366,249$209,219
DOMINIC VALDNERUNION TRUSTE
Trustee or director
0$0$365,841$206,314
PAUL D'ABBRACCIOFMR FUND MNG
Officer
20$0$293,268$104,998
MARK KEYFUND ADM
Officer
25$0$213,923$104,998
MICHELLE REIDPENSION SUPE
Highest-paid employee
10$0$175,545$72,325
ANTHONY PICIULLOACCOUNTING
Highest-paid employee
12$0$175,337$71,702
M CHENWF BENEFIT C
Highest-paid employee
40$107,410$0$71,702
MARK ROSENEMPLOYER TRU
Trustee or director
–$0$0$0
ROBERT WESSELEMPLOYER TRU
Trustee or director
–$0$0$0

Address and contacts

Address (IRS master file)
3411 35TH AVE, ASTORIA, NY 11106-1222
Principal officer (990 for 2024)
MARK KEY, 34-11 35 TH AVENUE, ASTORIA, NY 11106
Signed the 990
MARK KEY, FUND ADM
Phone
(718) 391-9099
Return prepared by
CASTIGLIA LLP

Mission

COLLECTIVELY BARGAINED MULTI-EMPLOYER WELFARE FUND CREATED TO PROVIDE HEALTH & WELFARE BENEFITS TO PARTICIPANTS AND THEIR DEPENDENTS

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE HEALTH & WELFARE BENEFITS TO PARTICIPANTS AND THEIR DEPENDENTS
    revenue $276,047,600
  • TO PROVIDE HEALTH & WELFARE BENEFIT TO PARTICIPANTS AND THEIR DEPENDENTS
    Expenses $228,448,833

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
13-1615440
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1951
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,112,965,398
Income (IRS master file)
$741,494,925

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$365,130,478$228,448,833$1,112,965,398IRS
990December 2023$317,835,772$203,642,189$931,035,083XML
990December 2022$148,230,036$194,198,359$763,644,459IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 13-1615440).

Questions about EXCAVATORS UNION-731 WELFARE FUND

What is the EIN of EXCAVATORS UNION-731 WELFARE FUND?
The employer identification number (EIN) of EXCAVATORS UNION-731 WELFARE FUND is 13-1615440.
Is EXCAVATORS UNION-731 WELFARE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1951.
Are donations to EXCAVATORS UNION-731 WELFARE FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does EXCAVATORS UNION-731 WELFARE FUND 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 EXCAVATORS UNION-731 WELFARE FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did EXCAVATORS UNION-731 WELFARE FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of EXCAVATORS UNION-731 WELFARE FUND?
The 990 for the year ended December 31, 2024 names MARK KEY.
Who are the officers and directors of EXCAVATORS UNION-731 WELFARE FUND?
The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization.
How much revenue does EXCAVATORS UNION-731 WELFARE FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $365,130,478, expenses of $228,448,833 and total assets of $1,112,965,398 at year end.

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