Form 990 for tax year 2025
Filed by WELFARE FUND HEAT AND FROST INSULATORS LOCAL 12.
Totals
- Total revenue
- $16,716,056
- Total expenses
- $18,062,578
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $15,328,740
- Investment income
- $1,313,966
- Other revenue
- $73,350
- Total assets, end of year
- $29,870,824
- Total liabilities, end of year
- $4,654,181
- Net assets or fund balances, end of year
- $25,216,643
- 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: EMPLOYERS' CONTRIB.
total $11,175,429 · related or exempt $11,175,429
-
2b · Program service revenue: PARTICIPANTS' CONTRIB.
total $4,153,311 · related or exempt $4,153,311
-
3 · Investment income
total $542,252 · excluded $542,252
-
7a · Gross sales of assets other than inventory
securities $18,074,454
-
7b · Less cost or other basis and sales expenses
securities $17,302,740
-
7c · Gain or loss
securities $771,714
-
7d · Net gain or loss
total $771,714 · excluded $771,714
-
11a · Other revenue: OTHER INCOME
total $73,350 · related or exempt $73,350
-
11e · Other revenue, total
$73,350
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $17,377,180
-
7 · Other salaries and wages
total $81,014
-
9 · Other employee benefits
total $52,303
-
10 · Payroll taxes
total $8,148
-
11a · Fees: management
total $99,463
-
11b · Fees: legal
total $161,848
-
11c · Fees: accounting
total $235,301
-
11f · Fees: investment management
total $72,678
-
11g · Fees: other
total $78,451
-
13 · Office expenses
total $37,165
-
14 · Information technology
total $14,160
-
16 · Occupancy
total $64,003
-
19 · Conferences, conventions and meetings
total $3,120
-
22 · Depreciation, depletion and amortization
total $10,197
-
23 · Insurance
total $145,547
-
24a · Other expenses: REIMB TO RELATED ORG
total -$378,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,303,310 · end of year $5,042,131
-
2 · Savings and temporary cash investments
beginning of year $1,770,313 · end of year $1,555,708
-
4 · Accounts receivable
beginning of year $2,898,340 · end of year $2,173,972
-
10a · Land, buildings and equipment: cost or other basis
$112,204
-
10b · Land, buildings and equipment: accumulated depreciation
$102,007
-
10c · Land, buildings and equipment, net
beginning of year $20,394 · end of year $10,197
-
11 · Investments: publicly traded securities
beginning of year $11,134,782 · end of year $11,602,985
-
12 · Investments: other securities
beginning of year $9,922,049 · end of year $9,072,074
-
15 · Other assets
beginning of year $416,706 · end of year $413,757
-
17 · Accounts payable and accrued expenses
beginning of year $140,177 · end of year $169,375
-
21 · Escrow or custodial account liability
beginning of year $1,247,815 · end of year $1,182,238
-
25 · Other liabilities
beginning of year $4,488,110 · end of year $3,302,568
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $25,589,792 · end of year $25,216,643
Mission and programs · 2025
Mission
PLAN'S PURPOSE IS TO PROVIDE MEDICAL, VACATION, HRA AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
-
PLAN'S PURPOSE IS TO PROVIDE MEDICAL, VACATION, HRA AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
As filed on the 2025 return.
Listed in Part VII
-
John JovicJOHN JOVIC
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Christopher CookCHRISTOPHER COOK
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Mark BayalaMARK BAYALA
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Nick GrgasNICK GRGAS
UNION TRUSTEE - THRU 5/25
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Stephen McCannSTEPHEN MCCANN
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Octavio SoaresOCTAVIO SOARES
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Donald DonnellyDONALD DONNELLY
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Al DurantiAL DURANTI
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Christopher GrandoCHRISTOPHER GRANDO
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Timothy HartnettTIMOTHY HARTNETT
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Brian AullBRIAN AULL
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Daniel MakowskiDANIEL MAKOWSKI
ALT UNION TRUSTEE - EFF 5/25
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Matthew CoyneMATTHEW COYNE
ALT EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 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.
-
PENSION FUND OF HEAT & FROST INSULATORS LOCAL 12
501(A) · RETIREMENT BENEFITS · NY
-
ANNUITY FUND OF HEAT & FROST INSULATORS LOCAL 12
501(A) · RETIREMENT BENEFITS · NY
-
INTERNATIONAL ASSOCIATION OF HEAT & FROST INSULATORS & ALLIED WORKERS LCL 1
501(C)(5) · LABOR UNION · NY
-
APPRENTICE JOURNEYWORKER EDUCATION FUND OF HEAT & FROST INSULATORS LOCAL 12
501(C)(3) · APPRENTICE TRAINING BENEFITS · NY
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
SEE SCHEDULE R SUPPLEMENTAL INFORMATION
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SEE SCHEDULE R SUPPLEMENTAL INFORMATION
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 11 September 2026
- IRS schema version
- 2025v4.2
- Source object
- 202612549349300631
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