Nonprofit · EIN 13-3050863
METRO-I L A FRINGE BENEFITS FUND
Tax-exempt · RUTHERFORD, NJ 07070
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $53,528,997 | $46,698,013 | $6,830,984 | $81,615,771 | $185,269 | $81,430,502 |
| December 31, 2023 | 990 | $49,257,511 | $48,100,629 | $1,156,882 | $73,316,234 | $81,348 | $73,234,886 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $50,879,664
- Investment income
- $2,645,148
- Net gain from sales of assets
- $190,717
- Other revenue
- $4,185
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $45,646,795
- Compensation of officers, directors and key employees
- $122,165
- Other salaries and wages
- $226,877
- Salaries, compensation and benefits (total)
- $554,726
- Professional fundraising fees
- $0
- Legal fees
- $46,320
- Accounting fees
- $48,000
- Occupancy
- $42,563
- Depreciation
- $33,279
Balance sheet and other
- Total assets, start of year
- $73,316,234
- Total assets, end of year
- $81,615,771
- Total liabilities, end of year
- $185,269
- Net assets, end of year
- $81,430,502
- Land, buildings and equipment
- $53,762
- Publicly traded securities
- $47,608,746
- Gross receipts
- $99,016,054
- Employees
- 9
- Volunteers
- 0
- Year formed
- 1981
- State of legal domicile
- NJ
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEROME BRANCATO | BENEFIT DIRECTOR Key employee | 14 | $262,591 | $61,794 |
| GEORGE BUENO | PLAN ADMINISTRATOR Key employee | 12 | $171,405 | $54,069 |
| JOSEPH A RAGUSA | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| PETER BARB | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MICHAEL VIGNERON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| FRANK AGOSTA | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MARK KIELY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEROME BRANCATO | BENEFIT DIRECTOR Key employee | 14 | $251,072 | $91,025 |
| GEORGE BUENO | PLAN ADMINISTRATOR Key employee | 12 | $163,493 | $86,989 |
| JOSEPH A RAGUSA | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MICHAEL DEMEO | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MICHAEL VIGNERON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| FRANK AGOSTA | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MARK KIELY | ALTERNATE TRUSTEE Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 301 ROUTE 17N 7TH FLOOR, RUTHERFORD, NJ 07070-2575
- Principal officer (990 for 2024)
- GEORGE BUENO, 301 ROUTE 17N, RUTHERFORD, NJ 07070
- Signed the 990
- GEORGE BUENO, FUND ADMINISTRATOR
- Phone
- (201) 842-0202
- Website
- METRO-ILA.COM
- Return prepared by
- MSPC CPAS & ADVISORS PC
Mission
THE FUND IS ESTABLISHED FOR THE EXCLUSIVE BENEFIT OF ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS TO PROVIDE CERTAIN FRINGE BENEFITS.
Program accomplishments
- THE PLAN PROVIDES HEALTH BENEFITS (LIFE, ACCIDENTAL DEATH AND DISMEMBERMNET, DISABILITY, MAJOR MEDICAL, HOSPITALIZATION AND SURGICAL, CLINIC, PHARMACY, OPTICAL AND DENTAL SERVICES, AN EMPLOYEE ASSISTANCE PROGRAM, VACATION BENEFITS, PAID HOLIDAY BENEFITS, JURY DUTY AND BEREAVEMENT), FOR THE ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. THE PLAN ALSO PROVIDES SUPPLEMENTAL CATASTROPHIC ILLNESS PROTECTION TO SUPPLEMENT MAJOR MEDICAL INSURANCE.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3050863
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $81,615,771
- Income (IRS master file)
- $99,016,054
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $53,528,997 | $46,698,013 | $81,615,771 | XML |
| 990 | December 2023 | $49,257,511 | $48,100,629 | $73,316,234 | XML |
| 990 | December 2022 | $51,847,270 | $46,845,626 | $69,477,700 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 13-3050863).
Questions about METRO-I L A FRINGE BENEFITS FUND
- What is the EIN of METRO-I L A FRINGE BENEFITS FUND?
- The employer identification number (EIN) of METRO-I L A FRINGE BENEFITS FUND is 13-3050863.
- Is METRO-I L A FRINGE BENEFITS FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1983.
- Are donations to METRO-I L A FRINGE BENEFITS FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does METRO-I L A FRINGE BENEFITS 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 METRO-I L A FRINGE BENEFITS 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 METRO-I L A FRINGE BENEFITS 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 METRO-I L A FRINGE BENEFITS FUND?
- The 990 for the year ended December 31, 2024 names GEORGE BUENO.
- Who are the officers and directors of METRO-I L A FRINGE BENEFITS FUND?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $262,591 (JEROME BRANCATO, BENEFIT DIRECTOR).
- How much revenue does METRO-I L A FRINGE BENEFITS FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $53,528,997, expenses of $46,698,013 and total assets of $81,615,771 at year end.
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