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Nonprofit · EIN 86-1830285

NYSPIA HEALTH AND WELFARE FUND

Tax-exempt · ALBANY, NY 12211

Financials

$3.9M$8K2021$648K$16K2022$599K$148K2023$887K$23K2024
Revenue Expenses · by fiscal year end
Financials of NYSPIA HEALTH AND WELFARE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$887,179$23,232$863,947$5,833,576$0$5,833,576
December 31, 2023990$598,502$147,761$450,741$4,862,844$3,325$4,859,519
December 31, 2022990$647,566$16,002$631,564$3,957,867$0$3,957,867
December 31, 2021990$3,885,205$7,837$3,877,368$3,860,008$0$3,860,008
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$484,568
Investment income
$402,611
Net gain from sales of assets
$188,968
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$750
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0

Balance sheet and other

Total assets, start of year
$4,862,844
Total assets, end of year
$5,833,576
Total liabilities, end of year
$0
Net assets, end of year
$5,833,576
Publicly traded securities
$5,765,393
Gross receipts
$2,276,989
Employees
0
Volunteers
3
Year formed
2021
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 orgs
TIMOTHY DYMONDTRUSTEE
Trustee or director
15$0$20,000
ROBERT LOMBARDITRUSTEE
Trustee or director
4$0$5,000
WILLIAM DIAZTRUSTEE
Trustee or director
3$0$4,423
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensationFrom related orgs
TIMOTHY DYMONDTRUSTEE
Trustee or director
1$0$20,000
RONALD PIERONE JRTRUSTEE - RESIGNED 2/2023
Trustee or director
1$0$5,000
ROBERT LOMBARDITRUSTEE
Trustee or director
1$0$5,000
WILLIAM DIAZTRUSTEE- START 2/2023
Trustee or director
1$0$0
990 for the year ended December 31, 2022: 4 people
NameTitleHours / weekCompensationFrom related orgs
TIMOTHY M DYMONDTRUSTEE
Trustee or director
1$0$20,000
RONALD R PIERONE JRTRUSTEE
Trustee or director
1$0$5,000
ROBERT LOMBARDITRUSTEE- START 4/2022
Trustee or director
1$0$3,654
WILLIAM TSHEETSTRUSTEE- RESIGNED 4/2022
Trustee or director
1$0$1,423
990 for the year ended December 31, 2021: 3 people
NameTitleHours / weekCompensationFrom related orgs
TIMOTHY M DYMONDTRUSTEE
Trustee or director
1$0$20,000
RONALD R PIERONE JRTRUSTEE
Trustee or director
1$0$5,000
WILLIAM SHEETSTRUSTEE
Trustee or director
1$0$4,808

Address and contacts

Address (IRS master file)
421 LOUDON RD, ALBANY, NY 12211-1722
In care of
% TIMOTHY DYMOND
Principal officer (990 for 2024)
KURT J LABUDA, 421 LOUDON ROAD, ALBANY, NY 12211
Signed the 990
ROBERT LOMBARDI, TRUSTEE
Phone
(518) 436-0120
Return prepared by
PKF O'CONNOR DAVIES ADVISORY LLC

Mission

THE TRUST FUND IS CREATED, ESTABLISHED AND MAINTAINED, AND THE TRUSTEES AGREE TO RECEIVE FUNDS FROM THE STATE OF NEW YORK AND TO HOLD IT AND ADMINISTER IT BY WAY OF SELF-ADMINISTRATION FOR THE PURPOSE OF PROVIDING AND MAINTAINING CERTAIN WELFARE BENEFITS FOR PARTICIPANTS AND MEMBERS AND DEFRAYING THE REASONABLE EXPENSES OF ADMINISTRATION OF THE PLAN IN ACCORDANCE WITH THE PROVISIONS SET FORTH HEREIN AND IN THE PLAN, AND TO DEVISE AND IMPLEMENT SUCH PROCEDURES AND PROGRAMS AS MAY BE NECESSARY OR FAVORABLE FROM TIME TO TIME TO FULFILL THE FOREGOING OBJECTIVES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE TRUSTEES HAVE ADOPTED THE MEDICAL EXPENSE REIMBURSEMENT PLAN (THE PLAN) TO PROVIDE FOR THE REIMBURSEMENT OF MEDICAL EXPENSES OF RETIRED EMPLOYEES. THE PLAN IS INTENDED TO QUALIFY AS A HEALTH REIMBURSEMENT ARRANGEMENT AS DEFINED BY IRS NOTICE 2002-45. THE ORGANIZATION IS FUNDED BY EMPLOYER CONTRIBUTIONS REQUIRED UNDER PRIOR AND FUTURE COLLECTIVE BARGAINING AGREEMENTS. THE PLAN WILL BE ADMINISTERED BY THE TRUSTEES WITH ASSISTANCE FROM UNION STAFF.

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
86-1830285
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,833,576
Income (IRS master file)
$2,276,989

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$887,179$23,232$5,833,576IRS
990December 2023$598,502$147,761$4,862,844XML
990December 2022$647,566$16,002$3,957,867XML
990December 2021$3,885,205$7,837$3,860,008XML

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 86-1830285).

Questions about NYSPIA HEALTH AND WELFARE FUND

What is the EIN of NYSPIA HEALTH AND WELFARE FUND?
The employer identification number (EIN) of NYSPIA HEALTH AND WELFARE FUND is 86-1830285.
Is NYSPIA HEALTH AND WELFARE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2024.
Are donations to NYSPIA HEALTH AND WELFARE FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NYSPIA HEALTH AND 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 NYSPIA HEALTH AND 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 NYSPIA HEALTH AND 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 NYSPIA HEALTH AND WELFARE FUND?
The 990 for the year ended December 31, 2024 names KURT J LABUDA.
Who are the officers and directors of NYSPIA HEALTH AND WELFARE FUND?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does NYSPIA HEALTH AND WELFARE FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $887,179, expenses of $23,232 and total assets of $5,833,576 at year end.

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