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Nonprofiteer
← ASBESTOS WORKERS SYRACUSE WELFARE FUND

Form 990 for tax year 2024

Filed by ASBESTOS WORKERS SYRACUSE WELFARE FUND.

Totals

Total revenue
$1,107,641
Total expenses
$987,934
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$989,696
Investment income
$117,945
Other revenue
$0
Total assets, end of year
$2,733,126
Total liabilities, end of year
$4,651
Net assets or fund balances, end of year
$2,728,475
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.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $967,556 · related or exempt $967,556

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $22,140 · related or exempt $22,140

  • 3 · Investment income

    total $73,554 · related or exempt $73,554

  • 7a · Gross sales of assets other than inventory

    securities $1,802,005

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

    securities $1,757,614

  • 7c · Gain or loss

    securities $44,391

  • 7d · Net gain or loss

    total $44,391 · related or exempt $44,391

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $841,000

  • 11a · Fees: management

    total $68,399

  • 11b · Fees: legal

    total $18,648

  • 11c · Fees: accounting

    total $18,928

  • 11f · Fees: investment management

    total $19,248

  • 11g · Fees: other

    total $1,200

  • 13 · Office expenses

    total $6,406

  • 16 · Occupancy

    total $2,750

  • 19 · Conferences, conventions and meetings

    total $5,093

  • 23 · Insurance

    total $6,262

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $333,192 · end of year $302,710

  • 2 · Savings and temporary cash investments

    beginning of year $61,620 · end of year $28,454

  • 4 · Accounts receivable

    beginning of year $103,306 · end of year $122,841

  • 10a · Land, buildings and equipment: cost or other basis

    $14,040

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,040

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,067,185 · end of year $2,279,121

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,334 · end of year $4,651

  • 25 · Other liabilities

    beginning of year $698 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,557,271 · end of year $2,728,475

Mission and programs · 2024

Mission

TO PROVIDE PARTICIPANTS OR THEIR BENEFICIARIES WITH LIFE, SICKNESS, ACCIDENT AND OTHER BENEFITS.

Activities or mission (Part I)

THE FUND PROVIDES HEALTH, DISABILITY AND DEATH BENEFITS TO THE EMPLOYEES OF PARTICIPATING EMPLOYERS IN THE CENTRAL NEW YORK AREA MEETING THE FUND ELIGIBILITY REQUIREMENTS, SUBJECT TO THE PROVISIONS OF ERISA.

  • TO PROVIDE PARTICIPANTS OR THEIR BENEFICIARIES WITH LIFE, SICKNESS, ACCIDENT AND OTHER BENEFITS.

As filed on the 2024 return.

Listed in Part VII

  • Thomas Clark

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • James Lister

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • Paul Ruggio

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • Mark Sabert

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • Richard Mullen

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • Donna Thomas

    FUND MANAGER

    Total calculated
    $39,055
    From this org
    $0
    From related orgs
    $39,055
    Other
    $0
    Hours/week
    14 + 14 related

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.

Grants on this return

No itemized grants to organizations on this return.

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
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202543189349302004

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