STRATEGY STUDIO / PUBLIC DATA EXPLORER

LOCAL 580 INSURANCE FUND: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LOCAL 580 INSURANCE FUND (EIN 13-6178513)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-10-11
IRS object ID
202402859349300730
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-11T09:28:03-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN131577780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SCHULTHEIS & PANETTIERI LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1450 WIRELESS BLVDAddressLine1Txt
CityHAUPPAUGECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11788ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN136178513EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LOCAL 580 - INSURANCE FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLOCABusinessNameControlTxt
Phone2126955206PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1501 WEST 42ND STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOSEPH NOLANPersonNm
Person TitleUNION TRUSTEEPersonTitleTxt
Phone2126955206PhoneNum
Signature2024-10-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCAROL WESTFALLPreparerPersonNm
PTINP00539069PTIN
Phone6312734778PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBRENDAN TORMEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1501 WEST 42ND STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$442,213,284GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1946FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTHE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee20TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$43,039,255PYProgramServiceRevenueAmt
CY Program Service Revenue$39,565,203CYProgramServiceRevenueAmt
PY Investment Income$2,749,957PYInvestmentIncomeAmt
CY Investment Income$7,114,839CYInvestmentIncomeAmt
PY Other Revenue$1,787PYOtherRevenueAmt
CY Other Revenue$3,214CYOtherRevenueAmt
PY Total Revenue$45,790,999PYTotalRevenueAmt
CY Total Revenue$46,683,256CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$53,403,370PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$52,363,376CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,480,826PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,826,484CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses-$540,182PYOtherExpensesAmt
CY Other Expenses-$826,439CYOtherExpensesAmt
PY Total Expenses$55,344,014PYTotalExpensesAmt
CY Total Expenses$54,363,421CYTotalExpensesAmt
PY Revenues Less Expenses-$9,553,015PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$7,680,165CYRevenuesLessExpensesAmt
Total Assets BOY$321,828,797TotalAssetsBOYAmt
Total Assets EOY$327,954,180TotalAssetsEOYAmt
Total Liabilities BOY$20,548,698TotalLiabilitiesBOYAmt
Total Liabilities EOY$19,274,130TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$301,280,099NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$308,680,050NetAssetsOrFundBalancesEOYAmt
MissionTHE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescTHE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document13IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee20EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRENDAN TORMEYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2126955206PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1501 WEST 42ND STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
RANDALL MENT
EMPLOYER TRUSTEE2.000.00Yes (X)$0$0$0
RANDALL RIFELLI
EMPLOYER TRUSTEE2.000.00Yes (X)$0$0$0
PETER CARRIERO
EMPLOYER TRUSTEE2.000.00Yes (X)$0$0$0
PETER MYERS - THRU 1023
UNION TRUSTEE2.000.00Yes (X)$0$0$0
THOMAS MILTON
UNION TRUSTEE2.000.00Yes (X)$0$0$0
JOSEPH NOLAN
UNION TRUSTEE2.000.00Yes (X)$0$0$0
JOSEPH MAFFEI - THRU 523
UNION TRUSTEE2.000.00Yes (X)$0$0$0
KEVIN MCKEON
UNION TRUSTEE2.000.00Yes (X)$0$0$0
STEVEN DONOFRIO - EFF 523
UNION TRUSTEE2.000.00Yes (X)$0$0$0
BRENDAN TORMEY
FUND ADMINISTRATOR14.0036.00$180,112$0$124,306Yes (X)
JOHN CUMBERLAND - EFF 223
ASST FUND ADMINISTRATOR14.0036.00$160,627$0$110,429Yes (X)
THOMAS LECOMPTE
CONTROLLER14.0036.00$127,369$0$92,965Yes (X)
RYAN HERBERT
DIRECTOR OF AUDITS14.0036.00$178,826$0$124,306Yes (X)
RICHARD FALASCA
DIRECTOR OF EDUCATION0.0057.00$198,707$0$141,710Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$845,641TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$593,716TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
BLUE CROSS BLUE SHIELD
15 METROTECH CENTERBROOKLYNNY11201MED CLAIM ADMIN$1,409,353
JOINT MULTI SERVICE ASSOCIATES LTD
89 JOSEPH AVESTATEN ISLANDNY10314PAYROLL AUDITOR$374,000
COLLERAN O'HARA & MILLS LP
100 CROSSWAYS PARK DRIVE WEST STEWOODBURYNY11797LEGAL$195,072
JP MORGAN INVESTMENT MGMT
383 MADISON AVENEW YORKNY10017INVESTMENT MGMT$194,686
LOOMIS SAYLES TRUST COMPANY
ONE FINANCIAL CENTERBOSTONMA02111INVESTMENT MGMT$130,206
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EMPLOYER CONTRIBUTIONS238900$39,153,061$39,153,061
PARTICIPANT CONTRIBUTIONS238900$412,142$412,142
FieldValueIRS element (for citing)
Total Program Service Revenue$39,565,203TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,417,415TotalRevenueColumnAmt
Exclusion$7,417,415ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$395,227,452SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$395,530,028SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$302,576SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$302,576TotalRevenueColumnAmt
Exclusion-$302,576ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business238900BusinessCd
Total Revenue Column$3,214TotalRevenueColumnAmt
Related Or Exempt Func Income$3,214RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$3,214OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$46,683,256TotalRevenueColumnAmt
Related Or Exempt Func Income$39,568,417RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$7,114,839ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$52,363,376TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$575,474TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,394,240TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$509,512TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$205,081TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$142,177TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$168,004TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$179,085TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$631,303TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$105,967TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$67,235TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$66,508TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$82,385TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$17,661TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$59,321TotalAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescREIMB FROM RELATED ORGADesc
Total-$2,203,908TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$54,363,421TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$6,575,262BOYAmt
EOY$9,631,376EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,331,064BOYAmt
EOY$4,555,647EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$45,867BOYAmt
EOY$45,970EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$220,085LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$219,665LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,499BOYAmt
EOY$420EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$236,777,970BOYAmt
EOY$236,786,193EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$73,641,455BOYAmt
EOY$76,857,574EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$455,680BOYAmt
EOY$77,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$321,828,797BOYAmt
EOY$327,954,180EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$216,551BOYAmt
EOY$512,415EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$20,332,147BOYAmt
EOY$18,761,715EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$20,548,698BOYAmt
EOY$19,274,130EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$301,280,099BOYAmt
EOY$308,680,050EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$301,280,099BOYAmt
EOY$308,680,050EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$321,828,797BOYAmt
EOY$327,954,180EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$7,680,165ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$15,080,116NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$31,863OtherCostOrOtherBasisAmt
Depreciation$31,863DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$188,222OtherCostOrOtherBasisAmt
Depreciation$187,802DepreciationAmt
Book Value$420BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$420TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
NHIT INTERMEDIATE DURATION FIXED INCOME TRUST$61,212,385F
WCM FOCUSED INTERNATIONAL GROWTH FUND$8,879,208F
NT COMMON EAFE INDEX FUND - NON LENDING$6,765,981F
FieldValueIRS element (for citing)
Total Book Value Securities$76,857,574TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
BENEFIT OBLIGATIONS CURRENTLY PAYABLE$7,143,100
NET TRADES PENDING SETTLEMENT$8,628,128
RELATED ORGANIZATIONS$2,990,487
FieldValueIRS element (for citing)
Total Liability$18,761,715TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$61,132,069TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$15,080,116NetUnrealizedGainsInvstAmt
Revenue Not Reported$15,080,116RevenueNotReportedAmt
Revenue Subtotal$46,051,953RevenueSubtotalAmt
Investment Expenses Not Incld$631,303InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$631,303RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$46,683,256TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$54,026,318TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$54,026,318ExpensesSubtotalAmt
Investment Expenses Not Incld2$631,303InvestmentExpensesNotIncld2Amt
Other Expenses Not Included-$294,200OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$337,103ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$54,363,421TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART XII, LINE 4B - OTHER ADJUSTMENTS:FormAndLineReferenceDesc
ExplanationCHANGE IN BENEFIT CLAIMS PAYABLE -294,200.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
RICHARD FALASCA
DIRECTOR OF EDUCATION$187,635$0$11,072$0$0$0$91,395$0$50,315$0$340,417$0$0$0
BRENDAN TORMEY
FUND ADMINISTRATOR$170,400$0$9,712$0$0$0$80,171$0$44,135$0$304,418$0$0$0
RYAN HERBERT
DIRECTOR OF AUDITS$169,114$0$9,712$0$0$0$80,171$0$44,135$0$303,132$0$0$0
JOHN CUMBERLAND - EFF 223
ASST FUND ADMINISTRATOR$150,915$0$9,712$0$0$0$71,227$0$39,202$0$271,056$0$0$0
THOMAS LECOMPTE
CONTROLLER$127,369$0$0$0$0$0$59,944$0$33,021$0$220,334$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990, SCHEDULE J SUPPLEMENTAL INFORMATION EXPLANATION:FormAndLineReferenceDesc
ExplanationBRENDAN TORMEY RECEIVES COMPENSATION AND BENEFITS IN HIS CAPACITY AS FUND ADMINISTRATOR OF THE RELATED PENSION, ANNUITY, SCHOLARSHIP, LABOR MANAGEMENT, TRAINING AND VACATION FUNDS. COMPENSATION AND BENEFITS ARE PAID BY THIS ENTITY WITH REIMBURSEMENTS MADE ACCORDINGLY. THE ENTITY'S PORTION OF EXPENSES IS 29% OF THE GROSS AMOUNT DETAILED ON SCHEDULE J, PART II. THOMAS LECOMPTE RECEIVES COMPENSATION AND BENEFITS IN HIS CAPACITY AS CONTROLLER OF THE RELATED PENSION, ANNUITY, SCHOLARSHIP, LABOR MANAGEMENT, TRAINING AND VACATION FUNDS. COMPENSATION AND BENEFITS ARE PAID BY THIS ENTITY WITH REIMBURSEMENTS MADE ACCORDINGLY. THE ENTITY'S PORTION OF EXPENSES IS 29% OF THE GROSS AMOUNT DETAILED ON SCHEDULE J, PART II. RYAN HERBERT RECEIVES COMPENSATION AND BENEFITS IN HIS CAPACITY AS DIRECTOR OF AUDITS OF THE RELATED PENSION, ANNUITY, SCHOLARSHIP, LABOR MANAGEMENT, TRAINING AND VACATION FUNDS. COMPENSATION AND BENEFITS ARE PAID BY THIS ENTITY WITH REIMBURSEMENTS MADE ACCORDINGLY. THE ENTITY'S PORTION OF EXPENSES IS 29% OF THE GROSS AMOUNT DETAILED ON SCHEDULE J, PART II. JOHN CUMBERLAND RECEIVES COMPENSATION AND BENEFITS IN HIS CAPACITY AS ASSISTANT FUND ADMINISTRATOR OF THE RELATED TRAINING FUND. COMPENSATION AND BENEFITS ARE PAID BY THIS ENTITY WITH REIMBURSEMENTS MADE ACCORDINGLY. THE ENTITY'S PORTION OF EXPENSES IS 29% OF THE GROSS AMOUNT DETAILED ON SCHEDULE J, PART II. RICHARD FALASCA RECEIVES COMPENSATION AND BENEFITS IN HIS CAPACITY AS DIRECTOR OF EDUCATION OF THE RELATED TRAINING FUND. COMPENSATION AND BENEFITS ARE PAID BY THIS ENTITY WITH REIMBURSEMENTS MADE ACCORDINGLY. THE ENTITY'S PORTION OF EXPENSES IS 0% OF THE GROSS AMOUNT DETAILED ON SCHEDULE J, PART II.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 WAS PREPARED IN COORDINATION WITH THE FUND ADMINISTRATOR WHO WORKS FULL TIME FOR THE PLAN. ONCE COMPLETE, THE FORM WAS PROVIDED TO AND REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO SUBMISSION.
FORM 990, PART VI, SECTION B, LINE 12CLOCAL 580 INSURANCE FUND MONITORS ITS CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS.
FORM 990, PART VI, SECTION C, LINE 19LOCAL 580 INSURANCE FUND'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
LOCAL 580 PENSION FUND
501 WEST 42ND STREETNEW YORKNY10036136178514BENEFIT FUNDNY401(A) /501(A)N/AN/A0
LOCAL 580 ANNUITY FUND
501 WEST 42ND STREETNEW YORKNY10036136178512BENEFIT FUNDNY401(A) /501(A)N/AN/A0
LOCAL 580 COLLEGE SCHOLARSHIP FUND
501 WEST 42ND STREETNEW YORKNY10036450536496BENEFIT FUNDNY501(C)(5)N/AN/A0
LOCAL 580 VACATION FUND
501 WEST 42ND STREETNEW YORKNY10036132874176BENEFIT FUNDNY501(C)(9)N/AN/A0
LOCAL 580 LABOR MANAGEMENT PROMOTION FUND
501 WEST 42ND STREETNEW YORKNY10036364636298LABOR- MANAGEMENT PROMOTIONAL ORGANIZATIONNY501(C)(5)N/AN/A0
ARCHITECTURAL IRON REALTY CORP
501 WEST 42ND STREETNEW YORKNY10036134192352TITLE HOLDING CORP.NY501(C)(2)N/AN/A0
501-507 WEST 42ND STREET REALTY CORP
501 WEST 42ND STREETNEW YORKNY10036133120148TITLE HOLDING CORP.NY501(C)(2)N/AN/A0
LOCAL 580 EDUCATIONAL FUND
501 WEST 42ND STREETNEW YORKNY10036237040036TRAINING FUNDNY501(C)(3)N/AN/A0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1SEE SCHEDULE R SUPPLEMENTAL INFORMATIONBusinessNameLine1Txt

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1SEE SCHEDULE R SUPPLEMENTAL INFORMATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VII SECTION ACERTAIN TRUSTEES LISTED ON THE FORM 990, PART VII, SECTION A, SERVE AS VOLUNTEERS AND DO NOT RECEIVE COMPENSATION FROM THE FILING ORGANIZATION OR ANY RELATED ORGANIZATION IN THEIR CAPACITY AS TRUSTEES OF THE FILING ORGANIZATION. THE INFORMATION DISCLOSED ON THE ATTACHED SCHEDULE OF RELATED PARTIES IS THAT WHICH WAS AVAILABLE TO THE ORGANIZATION AT THE TIME OF THIS FILING.
FORM 990, SCHEDULE R ATTACHMENT, RELATED ORGANIZATIONSPART III & IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A PARTNERSHIP OR CORPORATION OR TRUST: A & A EQUIPMENT A & V STEEL LLC ABC & NY CONSTRUCTION INC. ABC CONTRUCTION CONTRACTING INC. ABLE ROLLING STEEL DOOR INC. ACME STAGE&SPORTS SPECIALTIES ACTION STORE FRONTS INC. ADAM'S EUROPEAN CONTRACTING AIRFLEX CORP AJEF INSTRUCTOR BENEFITS ALC STEEL CORP. ALL ACTION ARCHITECTURAL METAL ALL AROUND CONTRACTING ALL METRO GLASS INC ALLEN ARCHITECTURAL METALS AMERICAN STRUCTURAL WORKS /JV ANSU CONSTRUCTION ANVIL IRONWORKS INC ARCH GLASS & MTLS/CLIFTON PRK INST ARCHITECTURAL IRON REALTY CORP ARMSTRONG ROOFING CORP ASHNU INTERNATIONAL INC ATLAS FENCE ATS CAULKING SUPPLY INC AWL INDUSTRIES, INC. B & R CONSTRUCTION SERVICES CORP. BAMCO INC. BARTKOWSKI LIFE SAFETY BASEC GLASS CORP CERTIFIED BEACH ERECTORS INC BENSON INDUSTRIES LLC BERLIN STEEL CONSTRUCTION CO. BILMAR CONSULTING INC BUILDING SUPPLY & INSTALLATION SERV BUNTING GRAPHS, INC. BURGESS STEEL PRDCTS CORP C&S FENCING,INC. CAPITOL AWNING CO. INC. CENTRAL INDRUSTRIES INC. CHAMPION MTL & GLS CHERRY HILL GLASS CO INC CHRISTOPHER GLASS & ALUMINUM CITY GLASS CO CITY STORE GATES MFG. CORP CIVIL CONTRACTING CORP. COASTAL CONTRACTING CORP. COMMODORE CONSTRUCTION CO COMMODORE MAINTENANCE CORP. COMPETITION ARCHITECTURAL MET. COMPOSITE TECHNOLOGY & INFRASTRUCTURE CONSOLIDATED STEEL & ALUM FENCE CO CONSTAR INC CONSTRUCTION RESOURCES COORDINATED METALS INC CORE ERECT LLC/CORE INSTAL CRYSTAL STEEL FABRICATORS INC CVM CONSTRUCTION CORP. DAVID SHULDINER INC. DELRIC CONSTRUCTION CO. DKM CONSTRUCTION DOBCO INC DOOR AUTOMATION CORP. DUBLIN IRONWORKS INC. E & Y GENERAL CONSTRUCTION CO. INC. EAGLE ERECTORS GROUP LTD EAGLE FENCE EASTERN EXCAVATIONS INC EMPIRE ARCH METAL CORP EMPIRE CITY IRON WORKS EMPL. LOCAL 153 EDUCATION FUND EMPL. LOCAL 153 FUND OFFICE EMPL. LOCAL 153 FUND OFFICE PILAR EMPL.LOCAL 153 FUND OFFICE ENERGY FENCING ERIN ERCTRS & CONSTRCTN EVS MANAGEMENT INC F.M.B. FACADE SOLUTION NEW YORK LLC. FAITH CONSTRUCTION INC. FALCON BUILDERS INC. FAXA INC FOCUSED FRAMING LLC. FORCE INSTALLATIONS, LLC FREEDOM IRONWORKS INC GABRIEL STEEL ERECTORS, INC. GAMMA USA INC. GARDEN STATE DOCK AND DOOR GC IRONWORKS GENERAL FOUNDRIES INC GENETECH BUILDING SYSTEMS INC GIANT INDUSTRIAL INC. GIN SKYE CONSTRUCTION INC GLENRIDGE FABRICATORS GREG BEECHE LOGISTICS GUYTEC STEEL INC H & L CONTRACTING LLC HAILEY INSULATION CORP. HALLEN WELDING SERVICE HARMON CONTRACTING HIGH TOUCH LLC HINSS JV HOMERIC CONTRACTING CO. HUDSON VALLEY GLASS METAL I.C. FIRESTOP LLC IACONO ARCHITECTURAL METALS ICON EXTERIOR BUILDING SOLUTIO IDA EXTERIOR SYSTEMS LLC INSULATION CONTRACTORS INC INTEGRATED STRUCTURES CORP. IRONCLAD CONCEPTS IW DISTRICT COUNCIL EMPLOYEE J & N CONSTRUCTION GROUP CORP J.C. STEEL ERECTORS CORP. JECI CORPORATION JEM ARCHITECTURALS JNP SERVICES JONATHAN METAL & GLASS JORDAN CONSTRUCTION PROD CORP JS GENERAL CONTRACTING LLC K&M ARCHITECTURAL WINDOW PROD K&W CONSULTING INC. KC FABRICATIONS INC. KENCO WIRE & IRON PRODUCTS KG CONSTRUCTION SERVICES INC KIEWIT CONSTRUCTORS INC. KING HOIST & SCAFFOLDING INC. KING INSTALLATION CORP KINGS COUNTY WATERPROOFING INC KKG CONSTRUCTION KNJ FABRICATORS LLC KOKO CONTRACTING LABOR MNGMNT FUND I.T. CONSULTANT LAFAYETTE GLASS CO. LITEHOUSE BUILDERS, INC. LO SARDO GENERAL CONTRACTORS LOADING DOCK INC. LOCAL 580 SHOP OFFICE STAFF LOCAL UNION 580 LYNBROOK GLASS WORKS CORP. MALCOLM PATRICK CORP MAVEN CONSTRUCTION CORP. MCS STRUCTURES MELTO METAL PROD. MENT BROTHERS IRON WORKS METAL SALES CO. INC. METRALITE INDUSTRIES INC METRO STEEL ERECTORS METROPOLITAN DRYWALL CO INC METROPOLITAN WALTERS LLC METRO-TECH ERECTORS CORP MID ISLAND ERECTORS LTD. MIDLAND TECH LLC MIDTOWN CONTRACTING LLC. MINESTONE CONSTRUCTION LLC MINHAS GENERAL CONTRACTOR COMPANY LLC. MISTRAL ARCH. METAL & GLASS MOHEGAN ASSOCIATES INC MONUMENTAL INC. MON-X USA,INC. MST GENERAL CONTRACTING NATHAN ENTERPRISES LLC NAVILLUS CONTRACTING NEHAL CONTRACTING INC NORTHEAST STAGE NORTHEAST STRUCTURAL STEEL INC NOVA INNOVATIONS INC NPSG GLOBAL LLC. NSP ENTERPRISES INC. NY CAPITAL SERVICES NYC CONSTRUCTORS LLC NYSFAB INC. OIS FACADES LLC ORNAMENTAL ERECTORS INC. OZ STEEL INC P & K CONTRACTING PADILLA CONSTRUCTION SERVICES PARK CONSTRUCTION GROUP LTD PERMASTEELISA NORTH AMERICA CORP. POLE TECH CO INC PONDEROSA FENCE ENTERPRISES POST ROAD IRON WORKS INC. POTTSGROVE GLASS PRECISION WINDOW SYSTEMS PRECISION BUILDERS GROUP LTD. PREET & D CONSTRUCTION INC PRO METAL INSTALL GROUP PYLON CG INC QUALITY INSTALLATIONS R&R ARCHIT ALUM.PRODUCT R.J. INDUSTRIES INC. RAVEN CONSTRUCTION SERVICES CORP. RED IRONWORKS RELATED SERVICES LLC RELIABLE SERVICES CORPORATION RESIDENTIAL FENCES CORP RICKS CONSTRUCTION & IRON RISA MANAGEMENT CORP. ROMA SCAFFOLDING INC. RSG CAULKING SECURITY SYSTEM INSTALLATION SEELE L. P. SHEILA DOLAN (UNION STAFF) SIGNS & DECAL CORP SINGH LANDSCAPING AND LAWN SPRINKLE CORP SKANSKA MECHANICAL&STRUCT SKANSKA WALSH JV SKY HEIGHTS CONSTRUCTION SKYLINE INDUSTRIES LLC SQUARE INCH DESIGN CORP SSI OF NASSAU LLC STEEL RISER CORP STEELWAYS, INC STONEBRIDGE INC. STRONG STEEL DOOR CORP. STRUCTURAL SYSTEMS, INC. SUPERIOR CURTAINWALL SOLUTIONS CORP. SUPERIOR STEEL DOOR&TRIM CO. T J STEEL LLC T.L. CONTRACTING TEXAS SCENIC COMPANY INC. THE JOBIN ORGANIZATION THE LOCKER LADY THE PEELLE COMPANY THIRD TRACK CONTRACTORS THOMPSON OVERHEAD DOOR CO. INC TORAL WELDING TRANSCONTINENTAL CONTRACT. TRIPLE H CONSTRUCTION INC. TRITON BUILDERS INC. TRI-WEST STEEL INC. UNITED FENCE & GUARD RAIL UNITED IRON INC UNITED STEEL PRODUCTS UNITED STRUCTURAL WORKS INC. UNITED STRUCTURE SOLUTION UNITED TECHNOLOGY INC. UNIVERSAL CONSTRUCTION RESOURCES, INC UTOPIA CONSTRUCTION CORP.OF NY VECTOR FOILTEC LLC VERRAZANO IRONWORKS INC VISION ENTERPRISE OF QUEENS VITATECH ELECTROMAGNETICS LLC. W & W GLASS LLC WDF INC. WESTCHESTER METAL WORKS WESTMORELAND CONSTRUCTION INC. WILLIAMS SPECIALTY SERVICE LLC WINDOW 2000 WORKSPACE II X-TREME CONSTRUCTION CORP. YABOO FENCE CO ZARCO CONTRACTING INC