Steamfitters Industry Welfare Fund Board of Trustees
98% goes to programs Strong reserves
Steamfitters Industry Welfare Fund Board of Trustees is a 501(c)(5) organization based in Long Island City, New York, registered in 2006, with $79,878,294 in FY2024 revenue. CharityIndex grades it B+, and it directs about 98% of spending to programs.
27-08 40th Avenue 2nd Fl, Long Island City, NY, 11101 EIN 13-1545680 Since 2006
Revenue (FY2024)
$79.9M
▲ 11.9% vs prior year
Employment median: $367K
Expenses (FY2024)
$97.9M
Net assets
$75.0M
Employees
34
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating98% to programs
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. For Steamfitters Industry Welfare Fund Board of Trustees: 98% to programs earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating9 mo reserves · -23% 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 Steamfitters Industry Welfare Fund Board of Trustees: 9 mo reserves · -23% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Steamfitters Industry Welfare Fund Board of Trustees: 6 of 6 checks met earns a A+ 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 Steamfitters Industry Welfare Fund Board of Trustees: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The fund provides health coverage and other benefits to eligible participants in accordance with the rules and regulations of the fund.
Contact & location
- Address
- 27-08 40th Avenue 2nd Fl, Long Island City, NY, 11101
- City
- Long Island City
- State
- New York
- Category
- Employment
- Subcategory
- Labor Unions & Organizations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $74.3M (FY2020) to $79.9M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.7MNet assets $75.0M
Operating margin
-22.6%
Spent more than it raised in the latest fiscal year.
Total assets
$78.7M
Total liabilities
$3.7M
Net assets
$75.0M
Salaries & benefits
$1.2M
1% of expenses
Board members
6
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $79,878,294▲11.9% | $97,891,515▲16.3% | $74,953,832▼15.8% | $78,688,518▼14.2% | 990 |
| 2023 | $71,377,034▲4.0% | $84,156,944▼13.0% | $88,993,189▼3.9% | $91,726,848▼5.1% | 990 |
| 2022 | $68,606,554▼18.5% | $96,768,505▲6.1% | $92,587,631▼30.3% | $96,675,389▼28.4% | 990 |
| 2021 | $84,135,128▲13.3% | $91,192,029▲7.7% | $132,849,521▼5.1% | $135,023,453▼5.2% | 990 |
| 2020 | $74,266,606 | $84,669,507 | $139,944,531 | $142,425,475 | 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: James C White — $63,657 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| James C White | Assistant Administrator | 8 | $63,657 |
| William J Turnbull | Executive Administrator | 2 | $23,209 |
| James Ippolito | Assistant Administrator | 1 | $9,357 |
| Anthony Saporito | Trustee | 2 | — |
| Brian Kearney Jr | Trustee | 2 | — |
| Daniel Knights | Education Director | — | — |
| Dave Johnson | Trustee | 2 | — |
| Edward English | Trustee | 2 | — |
| Jason Grecco | Education Instructor | — | — |
| Matthew Pizzo | Education Instructor | — | — |
| Nicholas Magna | Education Instructor | — | — |
| Robert Bartels Jr | Trustee | 2 | — |
| Shane Mcmorrow | Trustee | 2 | — |
| Stephen Powers | Education Instructor | — | — |
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Compare Steamfitters Industry Welfare Fund Board of Trustees
Frequently asked questions
- Is Steamfitters Industry Welfare Fund Board of Trustees a legitimate nonprofit?
- Yes. Steamfitters Industry Welfare Fund Board of Trustees is a 501(c)(5) organization registered with the U.S. Internal Revenue Service under EIN 13-1545680, based in Long Island City, New York.
- What is Steamfitters Industry Welfare Fund Board of Trustees's EIN?
- Steamfitters Industry Welfare Fund Board of Trustees's Employer Identification Number (EIN) is 13-1545680.
- How much revenue does Steamfitters Industry Welfare Fund Board of Trustees report?
- Steamfitters Industry Welfare Fund Board of Trustees reported $79,878,294 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Steamfitters Industry Welfare Fund Board of Trustees's spending goes to programs?
- Steamfitters Industry Welfare Fund Board of Trustees spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Steamfitters Industry Welfare Fund Board of Trustees have?
- CharityIndex grades Steamfitters Industry Welfare Fund Board of Trustees B+, based on program efficiency and fundraising cost.
- How much does Steamfitters Industry Welfare Fund Board of Trustees's highest-paid employee make?
- The highest reported compensation on Steamfitters Industry Welfare Fund Board of Trustees's latest Form 990 is $63,657, paid to James C White (Assistant Administrator).
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Data for Steamfitters Industry Welfare Fund Board of Trustees (EIN 13-1545680) 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.