Skip to content
Nonprofiteer
← HEAVY AND GENERAL CONSTRUCTION LABORERS UNION L172 SEVERANCE FUND

Form 990 for tax year 2023

Filed by HEAVY AND GENERAL CONSTRUCTION LABORERS UNION L172 SEVERANCE FUND.

Totals

Total revenue
$443,432
Total expenses
$195,978
Contributions and grants received
$379,876
Grants paid
$0
Program service revenue
$0
Investment income
$63,556
Other revenue
$0
Total assets, end of year
$1,711,063
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,711,063
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1d · Related organizations

    $379,876

  • 3 · Investment income

    total $43,095 · excluded $43,095

  • 7a · Gross sales of assets other than inventory

    securities $689,118

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

    securities $668,657

  • 7c · Gain or loss

    securities $20,461

  • 7d · Net gain or loss

    total $20,461 · related or exempt $20,461

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $195,978

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $120,431 · end of year $109,298

  • 11 · Investments: publicly traded securities

    beginning of year $1,201,894 · end of year $1,598,338

  • 15 · Other assets

    beginning of year $2,536 · end of year $3,427

  • 27 · Net assets without donor restrictions

    beginning of year $1,324,861 · end of year $1,711,063

Mission and programs · 2023

Mission

SECURITY FOR SEVERED EMPLOYEES THE PURPOSE OF THE SEVERANCE FUND IS TO PROVIDE CERTAIN FINANCIAL SECURITY FOR EMPLOYEES OF THE UNION WHOSE EMPLOYMENT WITH THE UNION HAS BEEN SEVERED OR TERMINATED.

  • THE PURPOSE OF THE SEVERANCE FUND IS TO PROVIDE FINANCIAL SECURITY FOR EMPLOYEES OF THE UNION WHOSE EMPLOYMENT WITH THE UNION HAS BEEN SEVERED OR TERMINATED.

As filed on the 2023 return.

Listed in Part VII

  • Anthony Capaccio

    CHAIRMAN

    Total calculated
    $496,027
    From this org
    $0
    From related orgs
    $318,035
    Other
    $177,992
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $318,035 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $93,438 related
    Nontaxable benefits
    not reported + $84,554 related
    Filer's total
    not reported + $496,027 related

  • Alfonso Guarraggi

    TRUSTEE

    Total calculated
    $413,042
    From this org
    $0
    From related orgs
    $253,531
    Other
    $159,511
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $253,531 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $93,438 related
    Nontaxable benefits
    not reported + $66,073 related
    Filer's total
    not reported + $413,042 related

  • William Coffin Jr

    VICE CHAIRMA

    Total calculated
    $400,144
    From this org
    $0
    From related orgs
    $240,603
    Other
    $159,541
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $240,603 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $93,468 related
    Nontaxable benefits
    not reported + $66,073 related
    Filer's total
    not reported + $400,144 related

  • Keith Klemmer

    TRUSTEE

    Total calculated
    $399,515
    From this org
    $0
    From related orgs
    $241,504
    Other
    $158,011
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $241,504 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $93,438 related
    Nontaxable benefits
    not reported + $64,573 related
    Filer's total
    not reported + $399,515 related

  • Christian Cole

    TRUSTEE

    Total calculated
    $397,445
    From this org
    $0
    From related orgs
    $239,434
    Other
    $158,011
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $239,434 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $93,438 related
    Nontaxable benefits
    not reported + $64,573 related
    Filer's total
    not reported + $397,445 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. 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

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
2023
Filed
7 June 2024
IRS schema version
2023v5.0
Source object
202401739349301225

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

The source document this was parsed from is served over the API, which is where bulk and document access live.