Nonprofit · EIN 80-0967048
CEMENT MASONS LOCAL NO 502 RETIREE WELFARE FUND
Also known as PATRICK LACASSA TTEE
Tax-exempt · BELLWOOD, IL 60104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,570,617 | $8,183,367 | -$1,612,750 | $18,314,790 | $314,855 | $17,999,935 |
| December 31, 2023 | 990 | $6,487,890 | $7,289,652 | -$801,762 | $18,675,693 | $245,323 | $18,430,370 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,164,622
- Investment income
- $405,995
- Net gain from sales of assets
- $142,788
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $7,515,124
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $28,755
- Accounting fees
- $41,315
- Travel
- $15,882
Balance sheet and other
- Total assets, start of year
- $18,675,693
- Total assets, end of year
- $18,314,790
- Total liabilities, end of year
- $314,855
- Net assets, end of year
- $17,999,935
- Publicly traded securities
- $9,497,120
- Gross receipts
- $8,153,803
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- IL
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LAWRENCE PICARDI SR | TRUSTEE - PAST Trustee or director | 2 | $0 | $226,075 | $141,846 |
| KEVIN FARLEY | TRUSTEE Trustee or director | 2 | $0 | $204,701 | $149,157 |
| LAWRENCE PICARDI JR | TRUSTEE - NEW Trustee or director | 2 | $0 | $169,402 | $114,451 |
| WILLIAM BEEMAN | ADMINISTRATOR - PAST Officer | 6.23 | $0 | $164,293 | $91,897 |
| ANTONIO ACEVEDO | TRUSTEE Trustee or director | 1 | $0 | $159,085 | $83,737 |
| ANGELO FEOLA | ADMINISTRATOR - NEW Officer | 8.8 | $0 | $155,481 | $83,737 |
| CHARLES PICARDI | ASSISTANT ADMINISTRATOR Highest-paid employee | 4 | $0 | $145,285 | $75,577 |
| COLLEEN LAKIS | CONTROLLER Highest-paid employee | 4 | $0 | $115,710 | $67,417 |
| JAY LASALA | TRUSTEE Trustee or director | 1 | $0 | $44,426 | $41,345 |
| ANTHONY A FARRELL | TRUSTEE Trustee or director | 1 | $0 | $8,647 | $4,640 |
| SANDRA HUNT | TRUSTEE Trustee or director | 1 | $0 | $7,275 | $0 |
| JOHN HALLBERG | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN BARRY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MIKE DYNOWSKI | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| STEVE BAUMGARTNER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT KUTROVATZ | TRUSTEE Trustee or director | 2 | $0 |
| SALVATORE CERAMI | TRUSTEE - NEW Trustee or director | 2 | $0 |
| MICHAEL KOLBERG | TRUSTEE - PAST Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN FARLEY | TRUSTEE Trustee or director | 2 | $0 | $194,079 | $137,878 |
| LAWRENCE PICARDI SR | TRUSTEE Trustee or director | 2 | $0 | $182,455 | $131,077 |
| WILLIAM BEEMAN | ADMINISTRATOR Officer | 6 | $0 | $155,887 | $84,141 |
| ANTONIO ACEVEDO | TRUSTEE Trustee or director | 1 | $0 | $152,164 | $76,682 |
| ANGELO FEOLA | COLLECTION COORDINATOR Highest-paid employee | 2 | $0 | $145,679 | $76,682 |
| CHARLES PICARDI | COLLECTION COORDINATOR Highest-paid employee | 3 | $0 | $137,429 | $69,222 |
| COLLEEN LAKIS | CONTROLLER Highest-paid employee | 4 | $0 | $113,317 | $61,761 |
| JAY LASALA | TRUSTEE Trustee or director | 1 | $0 | $62,773 | $38,767 |
| SANDRA HUNT | TRUSTEE Trustee or director | 1 | $0 | $6,172 | $0 |
| ANTHONY FARRELL | TRUSTEE - NEW Trustee or director | 1 | $0 | $2,842 | $629 |
| GUADALUPE RODRIGUEZ | TRUSTEE - PAST Trustee or director | 1 | $0 | $1,592 | $1,211 |
| STEVE BAUMGARTNER | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| MICHAEL DYNOWSKI | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOHN HALLBERG | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL KOLBERG | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| ROBERT KUTROVATZ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LANCE HORNADAY | TRUSTEE - PAST Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN BARRY | TRUSTEE - NEW Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2400 MADISON ST STE 101, BELLWOOD, IL 60104-1346
- Principal officer (990 for 2024)
- KEVIN J FARLEY, 739 - 25TH AVENUE, BELLWOOD, IL 60104
- Signed the 990
- KEVIN J FARLEY, TRUSTEE
- Phone
- (708) 544-9105
- Return prepared by
- LEGACY PROFESSIONALS LLP
Mission
PROVIDE HEALTH BENEFITS
Program accomplishments
- TO PROVIDE MEDICAL AND LIFE INSURANCE TO 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 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
- 80-0967048
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $18,314,790
- Income (IRS master file)
- $8,153,803
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,570,617 | $8,183,367 | $18,314,790 | XML |
| 990 | December 2023 | $6,487,890 | $7,289,652 | $18,675,693 | XML |
| 990 | December 2022 | $5,802,559 | $6,166,042 | $18,185,085 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 80-0967048).
Questions about CEMENT MASONS LOCAL NO 502 RETIREE WELFARE FUND
- What is the EIN of CEMENT MASONS LOCAL NO 502 RETIREE WELFARE FUND?
- The employer identification number (EIN) of CEMENT MASONS LOCAL NO 502 RETIREE WELFARE FUND is 80-0967048.
- Is CEMENT MASONS LOCAL NO 502 RETIREE WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2015.
- Are donations to CEMENT MASONS LOCAL NO 502 RETIREE WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CEMENT MASONS LOCAL NO 502 RETIREE 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 CEMENT MASONS LOCAL NO 502 RETIREE 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 CEMENT MASONS LOCAL NO 502 RETIREE 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 CEMENT MASONS LOCAL NO 502 RETIREE WELFARE FUND?
- The 990 for the year ended December 31, 2024 names KEVIN J FARLEY.
- Who are the officers and directors of CEMENT MASONS LOCAL NO 502 RETIREE WELFARE FUND?
- The 990 for the year ended December 31, 2024 lists 18 people; 0 received compensation from the organization.
- How much revenue does CEMENT MASONS LOCAL NO 502 RETIREE WELFARE FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,570,617, expenses of $8,183,367 and total assets of $18,314,790 at year end.
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