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Nonprofit · EIN 14-6022217

LABORERS INTL UNION OF NORTH AMERICA LOCAL 17 WELFARE FUND

Tax-exempt · NEWBURGH, NY 12550

Financials

$14M$10.8M2023$14.7M$14.8M2024
Revenue Expenses · by fiscal year end
Financials of LABORERS INTL UNION OF NORTH AMERICA LOCAL 17 WELFARE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$14,695,767$14,822,107-$126,340$25,791,537$9,801,685$15,989,852
December 31, 2023990$13,959,433$10,780,199$3,179,234$23,964,630$8,179,372$15,785,258
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$13,661,218
Investment income
$1,034,549
Net gain from sales of assets
$320,730
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$13,516,182
Compensation of officers, directors and key employees
$156,165
Other salaries and wages
$130,922
Salaries, compensation and benefits (total)
$399,978
Professional fundraising fees
$0
Legal fees
$2,656
Accounting fees
$47,236
Occupancy
$32,824
Depreciation
$1,609

Balance sheet and other

Total assets, start of year
$23,964,630
Total assets, end of year
$25,791,537
Total liabilities, end of year
$9,801,685
Net assets, end of year
$15,989,852
Land, buildings and equipment
$12,448
Publicly traded securities
$18,542,859
Gross receipts
$15,979,933
Employees
7
Year formed
1952
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
JEFF DIORIOTRUSTEE
Trustee or director
2$0$316,515$153,183
DEAN TAMBURRITRUSTEE
Trustee or director
2$0$246,439$130,862
MICHAEL MARTUCCIFUND MANAGER
Officer
47$156,165$0$0
L TODD DIORIOTRUSTEE
Trustee or director
2$0$36,275$4,894
GENARO A ARGENIOTRUSTEE
Trustee or director
2$0$0$0
MICHAEL MASTROPIETROTRUSTEE
Trustee or director
2$0$0$0
JUSTIN DARROWTRUSTEE
Trustee or director
2$0$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JEFF DIORIOTRUSTEE
Trustee or director
2$0$303,989$152,197
DEAN TAMBURRITRUSTEE
Trustee or director
2$0$237,142$126,454
SCOTT OLIVERTERM ENDED 0
Officer
47$126,501$0$0
L TODD DIORIOTRUSTEE
Trustee or director
2$0$86,700$14,831
MICHAEL MARTUCCIFUND MANAGER
Officer
40$87,500$0$0
GENARO A ARGENIOTRUSTEE
Trustee or director
2$0$0$0
MICHAEL MASTROPIETROTRUSTEE
Trustee or director
2$0$0$0
JUSTIN DARROWTRUSTEE
Trustee or director
2$0$0$0

Address and contacts

Address (IRS master file)
451B LITTLE BRITAIN RD, NEWBURGH, NY 12550-5145
Principal officer (990 for 2024)
MICHAEL MARTUCCI, 451-B LITTLE BRITAIN ROAD, NEWBURGH, NY 12550
Signed the 990
L TODD DIORIO, TRUSTEE
Phone
(845) 565-6878
Return prepared by
RBT CPAS LLP

Mission

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

990 for the year ended December 31, 2024

Program accomplishments

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

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
14-6022217
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1955
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$25,791,537
Income (IRS master file)
$15,979,933

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$14,695,767$14,822,107$25,791,537IRS
990December 2023$13,959,433$10,780,199$23,964,630XML
990December 2022$13,028,049$11,580,891$20,101,403IRS
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 14-6022217).

Questions about LABORERS INTL UNION OF NORTH AMERICA LOCAL 17 WELFARE FUND

What is the EIN of LABORERS INTL UNION OF NORTH AMERICA LOCAL 17 WELFARE FUND?
The employer identification number (EIN) of LABORERS INTL UNION OF NORTH AMERICA LOCAL 17 WELFARE FUND is 14-6022217.
Is LABORERS INTL UNION OF NORTH AMERICA LOCAL 17 WELFARE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1955.
Are donations to LABORERS INTL UNION OF NORTH AMERICA LOCAL 17 WELFARE FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LABORERS INTL UNION OF NORTH AMERICA LOCAL 17 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 LABORERS INTL UNION OF NORTH AMERICA LOCAL 17 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 LABORERS INTL UNION OF NORTH AMERICA LOCAL 17 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 LABORERS INTL UNION OF NORTH AMERICA LOCAL 17 WELFARE FUND?
The 990 for the year ended December 31, 2024 names MICHAEL MARTUCCI.
Who are the officers and directors of LABORERS INTL UNION OF NORTH AMERICA LOCAL 17 WELFARE FUND?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization.
How much revenue does LABORERS INTL UNION OF NORTH AMERICA LOCAL 17 WELFARE FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $14,695,767, expenses of $14,822,107 and total assets of $25,791,537 at year end.

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