Nysa-ila Welfare Fund
501(c)(9)
Growing revenue
Nysa-ila Welfare Fund is a 501(c)(9) organization based in Jersey City, New Jersey, registered in 1956, with $18,614,281 in FY2024 revenue.
10 Exchange Pl Ste 1400, Jersey City, NJ, 07302 EIN 13-5638505 Since 1956
Revenue (FY2024)
$18.6M
▲ 5.9% vs prior year
Expenses (FY2024)
$18.6M
Net assets
$8.0M
Employees
423
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 Nysa-ila Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +0% 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 Nysa-ila Welfare Fund: 5 mo reserves · +0% margin earns a A 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 Nysa-ila Welfare 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 Nysa-ila Welfare Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The fund is a multi-employer welfare employee benefit plan established pursuant to the collective bargaining agreement between the new york shipping association and the international longshoremen's association.
Contact & location
- Address
- 10 Exchange Pl Ste 1400, Jersey City, NJ, 07302
- City
- Jersey City
- State
- New Jersey
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $63.9M (FY2013) to $18.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.9MNet assets $8.0M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$11.9M
Total liabilities
$3.9M
Net assets
$8.0M
Salaries & benefits
$1.5M
8% of expenses
Board members
15
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $18,614,281▲5.9% | $18,613,339▲7.9% | $7,974,135 | $11,902,487▲3.2% | 990 |
| 2023 | $17,576,587▼13.1% | $17,249,175▼1.0% | $7,973,193▲4.3% | $11,537,085▲6.7% | 990 |
| 2022 | $20,224,051▲28.4% | $17,425,126▲7.7% | $7,645,781▲57.7% | $10,816,202▲43.7% | 990 |
| 2021 | $15,752,237▼9.6% | $16,185,003▲12.7% | $4,846,856▼8.2% | $7,529,228▲4.6% | 990 |
| 2020 | $17,425,581▲24.8% | $14,358,262▼2.8% | $5,279,622▲139% | $7,200,947▲72.9% | 990 |
| 2019 | $13,957,693▲15.5% | $14,774,495▲5.5% | $2,212,303▼27.0% | $4,165,129▼13.4% | 990 |
| 2018 | $12,089,666▼22.4% | $14,010,099▼7.0% | $3,029,105▼38.8% | $4,809,552▼28.1% | 990 |
| 2017 | $15,573,670▲33.3% | $15,058,964▼5.9% | $4,949,538▲11.6% | $6,692,903▼23.1% | 990 |
| 2016 | $11,684,386▲254% | $15,997,872▲8.4% | $4,434,832▼49.3% | $8,703,337▼33.3% | 990 |
| 2015 | $3,299,995▼78.1% | $14,764,022▼1.7% | $8,748,318▼56.7% | $13,044,166▼46.8% | 990 |
| 2014 | $15,076,877▼76.4% | $15,026,877▼76.5% | $20,212,345▲0.2% | $24,519,394▼22.7% | 990 |
| 2013 | $63,913,372 | $63,857,060▲0.5% | $20,162,345▲0.3% | $31,703,652▲2.6% | 990 |
| 2012 | — | $63,514,092▼2.1% | $20,106,033▲0.3% | $30,896,746▼5.7% | 990 |
| 2011 | — | $64,898,631▼9.5% | $20,045,033▲0.3% | $32,756,864▼3.3% | 990 |
| 2010 | — | $71,698,583 | $19,977,132 | $33,869,471 | 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: Thomas Omiatek — $279,694 (1.50% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Thomas Omiatek | Director | 35 | $279,694 |
| Jennifer Freedberg-berkoff | Director | 35 | $228,661 |
| Jacqueline Scarpari | Employee Adm Asst | 35 | $191,719 |
| Robert Fiore | Employee Asst Adm | 35 | $179,183 |
| Billie Jean Suggs | Admin Assistant | 35 | $112,612 |
| Brandon Garcia | Alt. Trustee | 0 | — |
| Capt Louis Ferrer | Trustee | 0 | — |
| Clifton Smith | Alt. Trustee | 0 | — |
| David Cicalese | Trustee | 0 | — |
| Dennis Daggett | Trustee | 0 | — |
| Dominick Gaudioso | Treasurer | 0 | — |
| Frank Agosta | Trustee | 0 | — |
| Harold Daggett | Trustee | 0 | — |
| James Pelliccio | Trustee | 0 | — |
| James Stolpinski | Trustee | 0 | — |
| John Daggett | Trustee | 0 | — |
| John Nardi | Trustee | 0 | — |
| John Williams | Trustee | 0 | — |
| Kurt Mittenzwei | Trustee | 0 | — |
| Michael Izzo | Alt. Trustee | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Managed Health Care Trust Fund | Health Benefits | $5,656,374 |
| Metlife | Insurance Provider | $3,475,003 |
Frequently asked questions
- Is Nysa-ila Welfare Fund a legitimate nonprofit?
- Yes. Nysa-ila Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 13-5638505, based in Jersey City, New Jersey.
- What is Nysa-ila Welfare Fund's EIN?
- Nysa-ila Welfare Fund's Employer Identification Number (EIN) is 13-5638505.
- How much revenue does Nysa-ila Welfare Fund report?
- Nysa-ila Welfare Fund reported $18,614,281 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Nysa-ila Welfare Fund's highest-paid employee make?
- The highest reported compensation on Nysa-ila Welfare Fund's latest Form 990 is $279,694, paid to Thomas Omiatek (Director).
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Explore more
Data for Nysa-ila Welfare Fund (EIN 13-5638505) 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.