Local 282 Welfare Trust Fund
501(c)(9)
Strong reserves Growing revenue
Local 282 Welfare Trust Fund is a 501(c)(9) organization based in Lake Success, New York, registered in 1956, with $128,283,405 in FY2024 revenue.
2500 Marcus Ave, Lake Success, NY, 11042 EIN 11-6244552 Since 1956
Revenue (FY2024)
$128.3M
▲ 22.6% vs prior year
Expenses (FY2024)
$136.7M
Net assets
$154.5M
Employees
40
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Local 282 Welfare Trust Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating14 mo reserves · -7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Local 282 Welfare Trust Fund: 14 mo reserves · -7% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Local 282 Welfare Trust Fund: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Local 282 Welfare Trust Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide health, welfare and other benefits to plan participants.
Contact & location
- Address
- 2500 Marcus Ave, Lake Success, NY, 11042
- City
- Lake Success
- State
- New York
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $59.8M (FY2013) to $128.3M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $30.2MNet assets $154.5M
Operating margin
-6.6%
Spent more than it raised in the latest fiscal year.
Total assets
$184.7M
Total liabilities
$30.2M
Net assets
$154.5M
Salaries & benefits
$5.6M
4% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $128,283,405▲22.6% | $136,743,248▲36.9% | $154,539,667▼4.3% | $184,705,462▲1.3% | 990 |
| 2023 | $104,672,572▲24.1% | $99,863,938▲20.0% | $161,428,422▲9.3% | $182,381,277▲6.9% | 990 |
| 2022 | $84,366,474▼18.7% | $83,189,600▼20.3% | $147,718,112▼6.4% | $170,623,482▼7.5% | 990 |
| 2021 | $103,717,191▲2.0% | $104,438,644▲12.8% | $157,764,324▼0.9% | $184,372,400▼0.6% | 990 |
| 2020 | $101,717,095▼3.7% | $92,579,245▼18.9% | $159,206,975▲8.4% | $185,452,034▲3.7% | 990 |
| 2019 | $105,615,403▲16.9% | $114,091,318▲40.6% | $146,875,453▲4.3% | $178,831,652▲11.7% | 990 |
| 2017 | $90,383,484▲9.8% | $81,126,850▲4.4% | $140,826,583▲6.2% | $160,051,800▲7.2% | 990 |
| 2016 | $82,289,218▲3.9% | $77,737,948▲7.1% | $132,571,131▲9.0% | $149,344,938▲11.6% | 990 |
| 2015 | $79,183,568▲12.9% | $72,569,178▲16.3% | $121,658,500▼4.0% | $133,878,366▼4.4% | 990 |
| 2014 | $70,144,056▲17.3% | $62,403,148▲2.7% | $126,782,066▲5.8% | $139,997,504▲5.9% | 990 |
| 2013 | $59,791,606 | $60,750,272▲0.3% | $119,834,764▲3.6% | $132,202,107▲0.5% | 990 |
| 2012 | — | $60,546,275▼0.1% | $115,671,153▼2.5% | $131,484,685▲0.5% | 990 |
| 2011 | — | $60,632,612▲7.9% | $118,612,518▲3.6% | $130,798,024▲5.2% | 990 |
| 2010 | — | $56,205,087 | $114,512,472 | $124,357,549 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Mario Bulding — $295,886 (0.22% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mario Bulding | Fund Manager | 18.25 | $295,886 |
| Thomas Zultko | Instructor | 0 | $157,971 |
| Hong Ying Li | Controller | 15.5 | $115,162 |
| Octavia Malone | Pension Clerk | 0 | $107,173 |
| Patrick Shure | Accounts Payable | 32 | $107,039 |
| Ho Y Ho | Payroll Auditor | 16 | $103,811 |
| Darin Jeffers | Trustee | 1.5 | — |
| Frank Finkel | Trustee | 1.5 | — |
| Louis Bisignano | Trustee | 1.5 | — |
| Marc Herbst | Trustee | 1.5 | — |
| Michael Bourgal Jr | Trustee | 1.5 | — |
| Michael O'toole | Trustee | 1.5 | — |
| Robert G Wessels | Trustee | 1.5 | — |
| Rocco Tomassetti Sr | Trustee | 1.5 | — |
| Thomas Corbett | Trustee | 1.5 | — |
| Thomas Gesualdi | Trustee | 1.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Empire Bc Bs | Medical & Rx Admin Fees | $1,426,180 |
| Cohen Weiss & Simon | Legal Services | $759,403 |
| Trivella & Forte LLP | Legal Services | $650,691 |
| Payer Matrix | Rx Drug Consultant | $363,697 |
| Bridgeway Benefit Technologies | I.t. Consulting | $284,100 |
Frequently asked questions
- Is Local 282 Welfare Trust Fund a legitimate nonprofit?
- Yes. Local 282 Welfare Trust Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 11-6244552, based in Lake Success, New York.
- What is Local 282 Welfare Trust Fund's EIN?
- Local 282 Welfare Trust Fund's Employer Identification Number (EIN) is 11-6244552.
- How much revenue does Local 282 Welfare Trust Fund report?
- Local 282 Welfare Trust Fund reported $128,283,405 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Local 282 Welfare Trust Fund's highest-paid employee make?
- The highest reported compensation on Local 282 Welfare Trust Fund's latest Form 990 is $295,886, paid to Mario Bulding (Fund Manager).
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Data for Local 282 Welfare Trust Fund (EIN 11-6244552) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.