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← TERENCE J O'SULLIVAN LIUNA CHARITABLE FOUNDATION

Form 990 for tax year 2023

Filed by TERENCE J O'SULLIVAN LIUNA CHARITABLE FOUNDATION.

Totals

Total revenue
$1,524,992
Total expenses
$1,407,680
Contributions and grants received
$1,415,860
Grants paid
$1,335,000
Program service revenue
$0
Investment income
$109,132
Other revenue
$0
Total assets, end of year
$5,090,063
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,090,063
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,415,860

  • 3 · Investment income

    total $110,292 · excluded $110,292

  • 7a · Gross sales of assets other than inventory

    securities $1,105,000

  • 7b · Less cost or other basis and sales expenses

    securities $1,106,160

  • 7c · Gain or loss

    securities -$1,160

  • 7d · Net gain or loss

    total -$1,160 · excluded -$1,160

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,210,000

  • 2 · Grants to domestic individuals

    total $125,000

  • 19 · Conferences, conventions and meetings

    total $72,680

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,316,933 · end of year $3,543,676

  • 12 · Investments: other securities

    beginning of year $1,611,353 · end of year $1,546,387

  • 27 · Net assets without donor restrictions

    beginning of year $4,928,286 · end of year $5,090,063

Mission and programs · 2023

Mission

PROVIDE FINANCIAL ASSISTANCE TO NON-PROFITS AND MEMBERS

Activities or mission (Part I)

FINANCIAL ASSISTANCE TO NON-PROFITS AND MEMBERS

  • PROVIDE FINANCIAL ASSISTANCE TO NON-PROFIT ORGANIZATIONS THAT ENGAGE IN ACTIVITIES THAT BENEFIT LABORERS' INTERNATIONAL UNION OF NORTH AMERICA MEMBERS, DIRECTLY TO THE FAMILIES OF MEMBERS AND OTHER CHARITABLE AND EDUCATIONAL ORGANIZATIONS.

As filed on the 2023 return.

Listed in Part VII

  • TERENCE M O'SULLIVAN

    CHAIRMAN (THRU AUG 2023), DIRECTOR

    Total calculated
    $1,344,708
    From this org
    $0
    From related orgs
    $1,233,066
    Other
    $111,642
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $397,016 related
    Bonus
    $0
    Other
    $0 + $836,050 related
    Deferred
    $0 + $71,961 related
    Nontaxable benefits
    $0 + $39,681 related
    Filer's total
    $0 + $1,344,708 related

  • ARMAND E SABITONI

    TREASURER (THRU AUG 2023), DIRECTOR

    Total calculated
    $1,228,455
    From this org
    $0
    From related orgs
    $1,121,249
    Other
    $107,206
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $348,667 related
    Bonus
    $0
    Other
    $0 + $772,582 related
    Deferred
    $0 + $69,474 related
    Nontaxable benefits
    $0 + $37,732 related
    Filer's total
    $0 + $1,228,455 related

  • BRENT BOOKER

    CHAIRMAN (EFF. AUG 2023)

    Total calculated
    $837,349
    From this org
    $0
    From related orgs
    $608,612
    Other
    $228,737
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $576,294 related
    Bonus
    $0
    Other
    $0 + $32,318 related
    Deferred
    $0 + $183,625 related
    Nontaxable benefits
    $0 + $45,112 related
    Filer's total
    $0 + $837,349 related

  • MICHAEL F SABITONI

    TREASURER (EFF. AUG 2023)

    Total calculated
    $655,655
    From this org
    $0
    From related orgs
    $466,613
    Other
    $189,042
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $444,440 related
    Bonus
    $0
    Other
    $0 + $22,173 related
    Deferred
    $0 + $145,388 related
    Nontaxable benefits
    $0 + $43,654 related
    Filer's total
    $0 + $655,655 related

  • EDWARD GREBOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KEVIN FAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ROBERT TALBOT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • EDWARD M SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JAMES C HALE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINES 4A-B
DURING 2023, TWO OFFICERS RECEIVED A SEVERANCE PAYMENT FROM THE LABORERS' INTERNATIONAL UNION OF NORTH AMERICA, A RELATED ORGANIZATION. TERRY O'SULLIVAN RECEIVED $589,322 AND ARMAND SABITONI RECEIVED $566,566. LABORERS' INTERNATIONAL UNION OF NORTH AMERICA HAD A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO PAY BENEFITS THAT EXCEED BENEFIT AND COMPENSATION LIMITS OF THE INTERNAL REVENUE CODE. THE PLAN IS NOW ADMINISTERED BY THE LABORERS' STAFF & AFFILIATES PENSION FUND. IN 2023, TERRY O'SULLIVAN RECEIVED $130,237. ARMAND SABITONI RECEIVED $140,682.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202421359349310107

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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