Liabilities / Assets
89th percentile
Higher debt load relative to assets than 89% of similar nonprofits.
Local 553 Benefits Fund
EIN 13-6152244 • 501(c)9 • New York, NY
Profile
The plan provides optical benefits and scholarships to eligible participants and their dependents.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.20x
Liabilities / Revenue
93rd percentile
Higher debt load relative to revenue than 93% of similar nonprofits.
Net Margin
78th percentile
Higher net margin than 78% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
94th percentile
Faster asset growth than 94% of similar nonprofits.
Revenue Growth
65th percentile
Faster revenue growth than 65% of similar nonprofits.
Balance Sheet
Assets
Up$110,177
Up $20,235 (+22%) from 2023
Liabilities
Up$22,529
Up $4,974 (+28%) from 2023
Net Assets
$87,648
No earlier filing loaded for comparison.
Revenue
Down$67,911
Down $2,470 (-3.5%) from 2023
Expenses
Down$52,650
Down $8,295 (-14%) from 2023
Net Income
Up$15,261
Up $5,825 (+62%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $110,177
- Liabilities
- $22,529
- Net assets
- $87,648
- Revenue
- $67,911
- Expenses
- $52,650
- Net income
- $15,261
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Sep 16, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $67,911
Mission and Program Overview
Mission
This plan provides optical benefits to approximately 678 participants
The plan provides optical benefits and scholarships to eligible participants and their dependents.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE PLAN PROVIDES OPTICAL BENEFITS AND SCHOLARSHIP BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JEFFREY HAMMOND | Trustee | - | $0 | - | - |
| VINCENT THEURER | Trustee | - | $0 | - | - |
| DEMOS DEMOPOULOS | Trustee | - | $0 | - | - |
| RALPH BLASI | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Local 553 Benefits Fund
- EIN
- 13-6152244
- Phone
- 2126275553
- Address
- 265 WEST 14TH STREET 315, NEW YORK, NY 10011
Signing Officer
- Name
- Demos Demopoulos
- Title
- Trustee
- Phone
- 2126275553
- Signed
- 2025-09-16
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Calibre CPA Group Pllc
- Address
- 462 SEVENTH AVENUE 16TH FLOOR, NEW YORK, NY 10018
- Preparer
- Joseph Morello
- Phone
- 2126951300
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: shared administrative expenses. Amount: 19,636.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: contributions receivable. Beg. Of year amount: 2,888. End of year amount: 3,694. Description: due from related fund. Beg. Of year amount: 71. End of year amount: 0.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable & accrued expenses. Beg. Of year amount: 14,400. End of year amount: 15,293. Description: benefit obligations. Beg. Of year amount: 3,155. End of year amount: 2,600. Description: due to related fund. Beg. Of year amount: 0. End of year amount: 4,636.”
Raw XML Appendix115 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BenefitsPaidToOrForMembersAmt | 0 | 19585 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | BOARD OF TRUSTEES |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2126275553 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 265 WEST 14TH STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | NEW YORK |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10011 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 86983 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 106483 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 15261 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 13429 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 89942 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 110177 |
| IRS990EZ/GrossReceiptsAmt | 0 | 67911 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 72387 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 87648 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 72387 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 87648 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JEFFREY HAMMOND |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | VINCENT THEURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DEMOS DEMOPOULOS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | RALPH BLASI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TRUSTEE |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 2959 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 3694 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 19636 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE PLAN PROVIDES OPTICAL BENEFITS AND SCHOLARSHIPS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 67911 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE PLAN PROVIDES OPTICAL BENEFITS AND SCHOLARSHIP BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 17555 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 22529 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 52650 |
| IRS990EZ/TotalRevenueAmt | 0 | 67911 |
| IRS990EZ/TypeOfOrganizationTrustInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: SHARED ADMINISTRATIVE EXPENSES. AMOUNT: 19,636. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: CONTRIBUTIONS RECEIVABLE. BEG. OF YEAR AMOUNT: 2,888. END OF YEAR AMOUNT: 3,694. DESCRIPTION: DUE FROM RELATED FUND. BEG. OF YEAR AMOUNT: 71. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS PAYABLE & ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 14,400. END OF YEAR AMOUNT: 15,293. DESCRIPTION: BENEFIT OBLIGATIONS. BEG. OF YEAR AMOUNT: 3,155. END OF YEAR AMOUNT: 2,600. DESCRIPTION: DUE TO RELATED FUND. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 4,636. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DEMOS DEMOPOULOS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TRUSTEE |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2126275553 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-09-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LOCAL 553 BENEFITS FUND |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LOCA |
| ReturnHeader/Filer/EIN | 0 | 136152244 |
| ReturnHeader/Filer/PhoneNum | 0 | 2126275553 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 265 WEST 14TH STREET 315 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 10011 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 470900880 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CALIBRE CPA GROUP PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 462 SEVENTH AVENUE 16TH FLOOR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 10018 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2126951300 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-09-16 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOSEPH MORELLO |
| ReturnHeader/ReturnTs | 0 | 2025-09-16T15:53:35-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
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