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LOCAL 580 INSURANCE FUND: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
LOCAL 580 INSURANCE FUND (EIN 13-6178513)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-11
IRS object ID
202103159349300220
Schema version
2020v4.1
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)
Return2021-11-11T06:55:04-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN611436956PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1NOVAK FRANCELLA LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line140 MONUMENT RD 5TH FLRAddressLine1Txt
CityBALA CYNWYDCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19004ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

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
ZIP100366205ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSEAN BOYLEPersonNm
Person TitleFUND DIRECTORPersonTitleTxt
Phone2126955206PhoneNum
Signature2021-11-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSEANPersonFirstNm
Person LastBOYLEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLOUIS VERZELLA CPAPreparerPersonNm
PTINP00360279PTIN
Phone6106689400PhoneNum
Preparation2021-11-11PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSEAN BOYLEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1501 WEST 42ND STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100366205ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$121,190,131GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1946FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO PROVIDE LIFE INSURANCE, MEDICAL, HOSPITALIZATION, DENTAL, DISABILITY, HEARING AIDS, DEATH BENEFITS, ETC. FOR MEMBER OF IRON WORKERS UNION LOCAL 580.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$57,385,785PYProgramServiceRevenueAmt
CY Program Service Revenue$43,752,104CYProgramServiceRevenueAmt
PY Investment Income$12,605,362PYInvestmentIncomeAmt
CY Investment Income$8,284,206CYInvestmentIncomeAmt
PY Other Revenue$12,584PYOtherRevenueAmt
CY Other Revenue$12,584CYOtherRevenueAmt
PY Total Revenue$70,003,731PYTotalRevenueAmt
CY Total Revenue$52,048,894CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$47,212,434PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$37,867,475CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$544,212PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$485,924CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,367,288PYOtherExpensesAmt
CY Other Expenses$1,319,943CYOtherExpensesAmt
PY Total Expenses$49,123,934PYTotalExpensesAmt
CY Total Expenses$39,673,342CYTotalExpensesAmt
PY Revenues Less Expenses$20,879,797PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$12,375,552CYRevenuesLessExpensesAmt
Total Assets BOY$330,501,791TotalAssetsBOYAmt
Total Assets EOY$358,341,898TotalAssetsEOYAmt
Total Liabilities BOY$22,251,088TotalLiabilitiesBOYAmt
Total Liabilities EOY$19,893,360TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$308,250,703NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$338,448,538NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE LIFE INSURANCE, MEDICAL, HOSPITALIZATION, DENTAL, DISABILITY, HEARING AIDS, DEATH BENEFITS, ETC. FOR MEMBER OF IRON WORKERS UNION LOCAL 580.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescTO PROVIDE LIFE INSURANCE, MEDICAL, HOSPITALIZATION, DENTAL, DISABILITY, HEARING AIDS, DEATH BENEFITS, ETC. FOR MEMBER OF IRON WORKERS UNION LOCAL 580.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 FootnoteYes (1)IncludeFIN48FootnoteInd
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 MemYes (1)BusinessRlnWithFamMemInd
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 Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
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 Members8GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
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 Line1FUND OFFICEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2126955206PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1501 WEST 42ND STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100366205ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
THOMAS MILTON
UNION TRUSTEE2.0045.00Yes (X)$0$153,059$142,357
RANDALL RIFELLI
EMPLOYER TRUSTEE2.00Yes (X)$0$0$0
RANDALL MENT
EMPLOYER TRUSTEE2.00Yes (X)$0$0$0
PETER MYERS
UNION TRUSTEE2.0045.00Yes (X)$0$154,674$142,357
PETER CARRIERO
EMPLOYER TRUSTEE2.00Yes (X)$0$0$0
MICHAEL WENZEL
UNION TRUSTEE2.00Yes (X)$0$8,466$426
KENNETH CODY
UNION TRUSTEE2.000.00Yes (X)$987$0$0
JOSEPH NOLAN
UNION TRUSTEE2.0045.00Yes (X)$0$150,784$142,357
MARK NARDELLA
CONTROLLER20.0030.00$47,011$110,743$113,085Yes (X)
ROBERT MAGUIRE
ASST ADMINISTRATOR20.0030.00$49,630$116,916$112,647Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$97,628TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$694,642TotReportableCompRltdOrgAmt
Total Other Compensation$653,229TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
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
EMPIRE BLUE CROSS AND BLUE SHIELD
ONE LIBERTY PLAZANEW YORKNY10006ADMINISTRATIVE FEES$1,937,329
J P MORGAN ASSET MANAGEMENT
270 PARK AVENUE 6TH FLOORNEW YORKNY10017INVESTMENT FEES$193,205
GUARDIAN LIFE INSURANCE CO
7 HANOVER SQUARENEW YORKNY10004ADMINISTRATIVE FEES$123,006
LOOMIS SAYLE TRUST CO LLC
ONE FINANCIAL CENTER 27TH FLBOSTONMA02111INVESTMENT FEES$119,584
LORD ABBETT & CO LLC
90 HUDSON STREETJERSEY CITYNJ07302INVESTMENT FEES$110,713
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EMPLOYER CONTRIBUTIONS525100$43,411,863$43,411,863
COBRA CONTRIBUTIONS525100$340,241$340,241
FieldValueIRS element (for citing)
Total Program Service Revenue$43,752,104TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,571,531TotalRevenueColumnAmt
Exclusion$6,571,531ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$70,853,912SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$69,141,237SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,712,675SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,712,675TotalRevenueColumnAmt
Exclusion$1,712,675ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescADMINISTRATIVE FEESDesc
Business900099BusinessCd
Total Revenue Column$12,584TotalRevenueColumnAmt
Related Or Exempt Func Income$12,584RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$12,584OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$52,048,894TotalRevenueColumnAmt
Related Or Exempt Func Income$43,764,688RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$8,284,206ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$37,867,475TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$298,508TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$121,363TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$53,368TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$12,685TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$115,445TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$130,662TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$685,251TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$137,518TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$64,349TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$10,497TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$82,808TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$10,030TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$774TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,198TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$63,973TotalAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescFEES MANADATED BY ACADesc
Total$16,438TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$39,673,342TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$7,654,492BOYAmt
EOY$11,907,584EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$10,226,840BOYAmt
EOY$9,045,804EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,307,897BOYAmt
EOY$6,896,807EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$192,727BOYAmt
EOY$402,907EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$220,085LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$216,430LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$5,852BOYAmt
EOY$3,655EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$244,539,378BOYAmt
EOY$252,001,501EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$63,163,164BOYAmt
EOY$77,606,199EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$411,441BOYAmt
EOY$477,441EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$330,501,791BOYAmt
EOY$358,341,898EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$179,218BOYAmt
EOY$112,490EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$22,071,870BOYAmt
EOY$19,780,870EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$22,251,088BOYAmt
EOY$19,893,360EOYAmt
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$308,250,703BOYAmt
EOY$338,448,538EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$308,250,703BOYAmt
EOY$338,448,538EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$330,501,791BOYAmt
EOY$358,341,898EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$12,375,552ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$17,822,283NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
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

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$220,085OtherCostOrOtherBasisAmt
Depreciation$216,430DepreciationAmt
Book Value$3,655BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,655TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
LIMITED PARTNERSHIP$16,591,521F
COLLECTIVE INVESTMENT TRUSTS$61,014,678F
FieldValueIRS element (for citing)
Total Book Value Securities$77,606,199TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
SECURITIES PURCHASED AND NOT SETTLED$14,425,350
DUE TO RELATED PARTY$5,347,440
PAYROLL TAXES PAYABLE$8,080
FieldValueIRS element (for citing)
Total Liability$19,780,870TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$69,185,926TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$17,822,283NetUnrealizedGainsInvstAmt
Revenue Not Reported$17,822,283RevenueNotReportedAmt
Revenue Subtotal$51,363,643RevenueSubtotalAmt
Investment Expenses Not Incld$685,251InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$685,251RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$52,048,894TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$38,988,091TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$38,988,091ExpensesSubtotalAmt
Investment Expenses Not Incld2$685,251InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$685,251ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$39,673,342TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT, MORE LIKELY THAN NOT, WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE U.S. FEDERAL, STATE, OR LOCAL TAXING AUTHORITIES. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. TYPICALLY, PLAN TAX YEARS WILL REMAIN OPEN FOR THREE YEARS; HOWEVER, THIS MAY DIFFER DEPENDING UPON THE CIRCUMSTANCES OF THE PLAN.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
PETER MYERS
UNION TRUSTEE$0$143,024$0$0$0$11,650$0$103,805$0$38,552$0$297,031$0$0
THOMAS MILTON
UNION TRUSTEE$0$143,024$0$0$0$10,035$0$103,805$0$38,552$0$295,416$0$0
JOSEPH NOLAN
UNION TRUSTEE$0$143,024$0$0$0$7,760$0$103,805$0$38,552$0$293,141$0$0
ROBERT MAGUIRE
ASST ADMINISTRATOR$49,630$116,916$0$0$0$0$21,396$50,402$12,173$28,676$83,199$195,994$0$0
MARK NARDELLA
CONTROLLER$47,011$110,743$0$0$0$0$21,479$50,599$12,220$28,787$80,710$190,129$0$0

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonMICHAEL W WENZELPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionSHARES FAMILY RELATIONSHIP WITH MICHEAL WENZEL, A TRUSTEERelationshipDescriptionTxt
Transaction$32,850TransactionAmt
TransactionCOMPENSATIONTransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BLOCAL 580 INSURANCE FUND'S FORM 990 IS PREPARED BY ITS INDEPENDENT ACCOUNTANT WHO THEN FORWARDS THE COMPLETED RETURN TO THE FUND'S ADMINISTRATOR FOR REVIEW. THE FUND ADMINISTRATOR THEN PRESENTS THE FORM 990 TO THE GOVERNING BODY FOR REVIEW AND SIGNATURE.
FORM 990, PART VI, SECTION B, LINE 12CLOCAL 580 INSURANCE FUND MONITORS ITS CONFLICT OF INTERST POLICY ON AN ANNUAL BASIS.
FORM 990, PART VI, SECTION C, LINE 19LOCAL 580 INSURANCE FUND'S GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:LOCAL 580 INSURANCE FUND'S BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDPENDENT ACCOUNTANT THAT PERFORMS THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (9 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtControlled OrganizationControlledOrganizationInd
LOCAL 580 VACATION FUND
501 WEST 42ND STREETNEW YORKNY100366205132874176VACATION BENEFITSNY501(C)(9)0
LOCAL 580 PENSION FUND
501 WEST 42ND STREETNEW YORKNY100366205132874172PENSION FUNDNY401(A)/(501(A)0
LOCAL 580 ANNUITY FUND
501 WEST 42ND STREETNEW YORKNY100366205136178512PENSION FUNDNY401(A)/(501(A)0
LOCAL 580 EDUCATION FUND
501 WEST 42ND STREETNEW YORKNY100366205230740036EDUCATION AND TRAINING FUNDNY501(C)(3)0
LOCAL 580 COLLEGE SCHOLARSHIP FUND
501 WEST 42ND STREETNEW YORKNY100366205450536496COLLEGE SCHOLARSHIP BENEFITSNY501(C)(5)0
ARCHITECTURAL IRON REALTY CORP
501 WEST 42ND STREETNEW YORKNY100366205134192352TITLE HOLDING CORPNY501(C)(2)0
501-507 WEST 42ND STREET REALTY CORP
501 WEST 42ND STREETNEW YORKNY100366205133120147TITLE HOLDING CORPNY501(C)(2)0
LOCAL 580 LABOR MANAGEMENT PROMOTION FUND
501 WEST 42ND STREETNEW YORKNY100366205364636298LABOR-MANAGEMENT PROMOTIONAL ORGANIZATIONNY501(C)(5)0
INTERNATIONAL ASSN OF BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL 580
501 WEST 42ND STREETNEW YORKNY100366205135157704LABOR UNIONNY501(C)(5)0

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (278 entries)

A & V STEEL LLC
A QUEST CORP
A&S STEEL CONTRACTORS LTD (467
AC DELLOVADE INC
AAH COSTRUCTION CORP
ABAX INC
ABC & NY CONSTRUCTION INC
ABLE ROLLING STEEL DOOR INC
ACCURATE SPECIALTY METAL
ACME STAGE&SPORTS SPECIALTIES
ACTION STEEL LLC
ADAM'S EUROPEAN CONTRACTING
AIRFLEX CORP
AJB BUILDERS & COMPANY
ALC STEEL CORP
ALL ACTION ARCHITECTURAL METAL
ALL AROUND CONTRACTING
ALL METRO GLASS INC
AMCC INDUSTRIES
AMERICAN IRON AND CRANE INC
ANVIL IRONWORKS INC
ARBEN CORP (2595)
ARCHITECTURAL IRON REALTY CORP
ASHNU INTERNATIONAL INC
ATLAS FENCE
AWL INDUSTRIES INC
BAMCO INC
BANGOR STEEL CORP
BARDEN CONTRACTING SERVICES
BASEC GLASS CORP CERTIFIED
BEACH ERECTORS INC
BENSON INDUSTRIES LLC
BERLIN STEEL CONSTRUCTION CO
BILMAR CONSULTING INC
BNW RIGGING INC
BRENNAN INDUSTRIAL CONTRACTORS
BUILDING SUPPLY & INSTALLATION
BUNTING GRAPHICS INC
BURGESS STEEL PRDCTS CORP
C&H RENTALS INC
C&L CONTRACTING CORP
CAPITOL AWNING CO INC
CAROUSEL USA
CENTRAL INDRUSTRIES INC
CHAMPION CONSTRUCTION &INSTALL
CHAMPION MTL & GLS (4208)
CHARLES CASCIO IRON WORKS
CHERRY HILL GLASS CO INC
CITY EVOLUTIONARY CONSTRUCTION
CITY GLASS CO
CITY STORE GATES MFG CORP
CLIFTON ARCH GLASS & MTL(3766)
COMMODORE CONSTRUCTION CO (395
COMPETITION ARCHITECTURAL MET
CONSOLIDATED STEEL & ALUM
CONSTAR INC
CONSTRUCTION RESOURCES (4594)
COORDINATED METALS INC
CORBEX INC
CORE ERECT LLCCORE INSTAL
CORTINA GLASS LLC
CRYSTAL STEEL FABRICATORS INC
CUSTOM EXTERIOR SYSTEMS INC
CUSTOM METAL FAB INC
CUSTOM WELDING
DAVID SHULDINER INC
DEERPATH CONSTRUCTION CORP(270
DELRIC CONSTRUCTION CO
DEMAYO CONSTRUCTION INC
DIAMOND HILL STEEL CORP
DKM CONSTRUCTION (3978)
DMD CONTRACTING LLC
DOOR AUTOMATION CORP
DUBLIN IRONWORKS INC
E Y GENERAL CONTRACTORS INC
EAGLE ERECTORS GROUP LTD
EAGLE FENCE (2876)
ECCO III ENTERPRIISESINC
ELECTROMAGNETIC SHIELDING INC
EMPIRE ARCH METAL CORP
EMPIRE CITY IRON WORKS
EMPIRE CONTROL ABATEMENT
ENCLOS CORP
ENTERPRISE ERECTORS INC
ERECTION WELDING CONTRACTORS
ERIN ERECTORS OF NY
EVAN FALL PROTECTION
EVS MANAGEMENT INC
EXTERIOR CLADDING TEC LLC
EXTERIOR WALL & BUILDING CONSU
FMB
FAITH CONSTRUCTION INC
FALCON BUILDERS INC
FAXA INC
FERREIRA CONSTRUCTION COINC
FINEST WINDOWS(4215)
FORCE INSTALLATIONS LLC
FREEDOM IRONWORKS INC
GCCOMM CONSTRUCTION (4419)
GABRIEL STEEL ERECTORS INC
GAMMA USA INC
GC IRONWORKS
GCT CONSTRUCTORS JV
GENETECH BUILDING SYSTEMS INC
GERARD SHEET METAL FAB INC
GIANT INDUSTRIAL INC
GIN SKYE CONSTRUCTION INC
GLENRIDGE FABRICATORS (2649)
GLOBE INSTALLATIONS CORP
GREG BEECHE LOGISTICS
H & L CONTRACTING LLC
HAILEY INSULATION CORP
HALLEN WELDING SERVICE
HARMON CONTRACTING
HARRIOTT CONTRACTING
HAVEN STEEL ERECTORS
HIGH TOUCH LLC
HINSS JV
HOMERIC CONTRACTING CO
HUDSON MACHINE WORKS
HUDSON VALLEY GLASS METAL
IC FIRESTOP LLC
IWEISS & SONS
IANNELLI CONSTRUCTION CO INC
ICON EXTERIOR BUILDING SOLUTIO
IDA EXTERIOR SYSTEMS LLC
IMPERIAL IRON WORKSINC
INDUSTRIAL WINDOW CORP
INSULATION CONTRACTORS INC (33
INTEGRITY IRON INC
INTEGRO BUILDING SYSTEMS OF AM
IRONSTONE INDUSTRIES CORP
IRV SCHRODER & SONS INC
J & J ERECTORS
J & N CONSTRUCTION GROUP CORP
JC STEEL CORPORATION
JECI CORPORATION
JEM ARCHITECTURALS
JETT INDUSTRIES
JONATHAN METAL & GLASS
JORDAN CONSTRUCTION PROD CORP
JORDAN INSTALLATIONS SERVICES
JS GENERAL CONTRACTING LLC
K&M ARCHITECTURAL WINDOW PROD
K&W CONSULTING INC
KC FABRICATIONS INC
KENCO WIRE & IRON PRODUCTS
KIEWIT CONSTRUCTORS INC
KING HOIST & SCAFFOLDING INC
KING INSTALLATION CORP
KINGS COUNTY WATERPROOFING INC
KKG CONSTRUCTION
KOKO CONTRACTING
L&M STEEL CORP
LAFAYETTE GLASS CO
LINEAR CONTRACTING INC
LOADING DOCK INC
LYNBROOK GLASS WORKS CORP
MALCOLM PATRICK CORP
MARYLAND FABRICATORSINC (367
MCS STRUCTURES
MELTO METAL PROD
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METAL SALES CO INC
METRALITE INDUSTRIES INC
METRO STEEL ERECTORS
METRO-TECH ERECTORS CORP
METROPOLITAN DRYWALL CO INC
METROPOLITAN WALTERS LLC
MID ISLAND ERECTORS LTD
MIDLAND TECH LLC
MIDTOWN CONTRACTING LLC
MIDTOWN HEIGHTS INC
MINELLI CONSTRUCTION CO INC
MINESTONE CONSTRUCTION LLC
MISTRAL ARCH METAL & GLASS
MOHEGAN ASSOCIATES INC(3795)
MON-X USAINC
MONUMENTAL INC
MPCC CORP
NY NY WINDOWS CORP
NATIONAL RETAIL INSTALLERS
NAVILLUS CONTRACTING
NEHAL CONTRACTING INC
NORTHEAST REMSCO CONSTRUCTION(
NORTHEAST STRUCTURAL STEEL INC
NOVA INNOVATIONS INC
NYC CONSTRUCTORS LLC
NYS IRONWORKERS DISTRICT COUNC
ORNAMENTAL ERECTORS INC
ORNAMENTAL INSTALLATION SPEC
OZ STEEL INC
PADILLA CONSTRUCTION SERVICES
PAL CONTRACTING (4589)
PARAGON IRON INC
PENNSYLVANIA STEEL ERECTORS LL
PERINI CORPORATION
PHOENIX METAL DESIGNS INC
POLE TECH CO INC
PONDEROSA FENCE ENTERPRISES
POSILLICO CIVIL INC
POST ROAD IRON WORKS INC
PRECISION WINDOW SYSTEMS
PREET & D CONSTRUCTION INC
PRESRAY CORP
PRO METAL INSTALL GROUP
PRP SERVICES INC
QUALITY INSTALLATIONS
R&D CONTRACTORS&BUILDERS INC
RSN CONSTRUCTION
RR ARCHIT ALUMPRODUCT
RED IRONWORKS
REILLY CONTRACT INSTALL(1761)
RESIDENTIAL FENCES CORP
RICKS CONSTRUCTION & IRON
RISA MANAGEMENT CORP
RJ INDUSTRIES INCMARTIN JV
RSG CAULKING
S & N BUILDERS
SAFECON BUILDERS CORP
SECURITY SYSTEM INSTALLATION
SEELE L P
SHEILA DOLAN (UNION STAFF)
SIGNS & DECAL CORP
SITE FENCING INC
SKANSKA MECHANICAL&STRUCT
SKANSKA WALSH JV
SKY HEIGHTS CONSTRUCTION
SKY KING SKYLIGHTS INC
SQUARE INCH DESIGN CORP
SSI OF NASSAU LLC
STAR WIRE MESH FABRICATORS INC
STARR INDUSTRIES LLC
STEALTH WINDOWS INC
STEEL RISER CORP
STEVEN DUBNER LANDSCAPING INC
STONEBRIDGE INC
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STRUCTURAL SYSTEMS INC
SUPERIOR ERECTORS INC
SUPERIOR STEEL DOOR&TRIM CO
T J STEEL LLC
TL CONTRACTING
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THE JOBIN ORGANIZATION
THE PEELLE COMPANY
THIRD TRACK CONTRACTORS
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THOMPSON OVERHEAD DOOR CO INC
TORAL WELDING
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UNITED IRON INC
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UNITED STRUCTURE SOLUTION
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UNITED TECHNOLOGY INC
UNIVERSAL CONSTRUCTION RESOURC
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VISION ENTERPRISE OF QUEENS
VULCAN INSTALLATION INC
W & W GLASS LLC (3029)
WH KASSNER INC
WBE SHEETMETAL
WESTCHESTER METAL WORKS(4313)
WESTERN FACADES
WHITESTONE CONSTRUCTION CORP
WILLIAMS SPECIALTY SERVICE LLC
WINDOW 2000
WOODBRIDGE DOOR CO LLC
YABOO FENCE CO
YONKERS CONTACTING CO INC
ZARCO CONTRACTING INC
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 Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1501-507 WEST 42ND STREET REALTY CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeKTransactionTypeTxt
Involved$82,808InvolvedAmt
Method Of Amount DeterminationFMVMethodOfAmountDeterminationTxt