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Nonprofit · EIN 22-2317253

HEALTH & WELFARE FUND LOCAL 456 IB

Tax-exempt · TRENTON, NJ 08628

Financials

$25.2M$23M2023$29.5M$25.3M2024
Revenue Expenses · by fiscal year end
Financials of HEALTH & WELFARE FUND LOCAL 456 IB by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$29,460,962$25,325,875$4,135,087$80,238,870$3,710,588$76,528,282
December 31, 2023990$25,154,227$23,045,015$2,109,212$74,917,423$4,296,588$70,620,835
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$22,941,300
Investment income
$4,965,192
Net gain from sales of assets
$2,627,055
Other revenue
$1,554,470

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$24,456,425
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$49,220
Accounting fees
$45,160
Occupancy
$16,469

Balance sheet and other

Total assets, start of year
$74,917,423
Total assets, end of year
$80,238,870
Total liabilities, end of year
$3,710,588
Net assets, end of year
$76,528,282
Publicly traded securities
$75,243,924
Gross receipts
$40,660,402
Employees
61
Volunteers
0
Year formed
1980
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL G MCLAUGHLINTRUSTEE
Trustee or director
1$0$249,834$140,541
KEVIN P EGANTRUSTEE
Trustee or director
1$0$242,006$140,541
DENNIS F CRONINTRUSTEE
Trustee or director
1$0$2,935$0
HARRY C ALEXANDERTRUSTEE
Trustee or director
1$0$0$0
TERRANCE CRAIGTRUSTEE
Trustee or director
1$0$0$0
JEFFREY SHAUTETRUSTEE
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL G MCLAUGHLINTRUSTEE
Trustee or director
1$0$238,998$133,309
KEVIN P EGANTRUSTEE
Trustee or director
1$0$231,372$133,862
DENNIS F CRONINTRUSTEE
Trustee or director
1$0$2,860$0
HARRY C ALEXANDERTRUSTEE
Trustee or director
1$0$0$0
TERRANCE CRAIGTRUSTEE
Trustee or director
1$0$0$0
JEFFREY SHAUTETRUSTEE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
830 BEAR TAVERN RD IE SHAFFER CO, TRENTON, NJ 08628-1020
In care of
% IE SHAFFER AND CO
Principal officer (990 for 2024)
MICHAEL G MCLAUGHLIN, 830 BEAR TAVERN ROAD, WEST TRENTON, NJ 08628
Signed the 990
MICHAEL G MCLAUGHLIN, TRUSTEE
Phone
(609) 718-1323
Return prepared by
MSPC CPAS & ADVISORS PC

Mission

TO PROVIDE GROUP HEALTH BENEFITS FOR ELIGIBLE PARTICIPANTS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE GROUP HEALTH BENEFITS FOR 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 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
22-2317253
Tax-exempt status
501(c)(8): Fraternal beneficiary society
Donations deductible
No
Exempt since
1982
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$80,238,870
Income (IRS master file)
$40,660,402

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$29,460,962$25,325,875$80,238,870XML
990December 2023$25,154,227$23,045,015$74,917,423XML
990December 2022$21,485,919$27,668,255$66,828,884IRS
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 22-2317253).

Questions about HEALTH & WELFARE FUND LOCAL 456 IB

What is the EIN of HEALTH & WELFARE FUND LOCAL 456 IB?
The employer identification number (EIN) of HEALTH & WELFARE FUND LOCAL 456 IB is 22-2317253.
Is HEALTH & WELFARE FUND LOCAL 456 IB tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(8) since 1982.
Are donations to HEALTH & WELFARE FUND LOCAL 456 IB tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does HEALTH & WELFARE FUND LOCAL 456 IB 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 HEALTH & WELFARE FUND LOCAL 456 IB 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 HEALTH & WELFARE FUND LOCAL 456 IB 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 HEALTH & WELFARE FUND LOCAL 456 IB?
The 990 for the year ended December 31, 2024 names MICHAEL G MCLAUGHLIN.
Who are the officers and directors of HEALTH & WELFARE FUND LOCAL 456 IB?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does HEALTH & WELFARE FUND LOCAL 456 IB have?
On its 990 for the year ended December 31, 2024 it reported revenue of $29,460,962, expenses of $25,325,875 and total assets of $80,238,870 at year end.

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