Civic Intelligence

Asbestos Workers Local 42 Welfare Fund

990 • Fiscal year 2020 • EIN 52-6079218

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 15, 2020

Organization ProfileN/A

View Organization Page

140 Sylvan AvenueEnglewood Cliffs, NJ 07632

(412) 471-2885

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.03x

Higher debt load relative to assets than 52% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

61st percentile

0.07x

Higher debt load relative to revenue than 61% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Net Margin

12th percentile

-29%

Higher net margin than 12% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Asset Growth

11th percentile

-14%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

17th percentile

-18%

Faster revenue growth than 17% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$6,231,106

Down $1,017,609 (-14%) from 2019

Net Assets

Down

$6,047,975

Down $860,954 (-12%) from 2019

Liabilities

Down

$183,131

Down $156,655 (-46%) from 2019

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin12th percentile

Revenue

Down

$2,759,120

Down $604,208 (-18%) from 2019

Expenses

Down

$3,553,629

Down $33,882 (-0.9%) from 2019

Net Income

Down

-$794,509

Down $570,326 (-254%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $5,336,990Liabilities 2010: $312,182Net Assets 2010: $5,024,8082010Assets 2011: $5,818,051Liabilities 2011: $59,430Net Assets 2011: $5,758,6212011Assets 2012: $5,891,227Liabilities 2012: $25,284Net Assets 2012: $5,865,9432012Assets 2013: $6,265,618Liabilities 2013: $38,593Net Assets 2013: $6,227,0252013Assets 2014: $6,984,065Liabilities 2014: $25,261Net Assets 2014: $6,958,8042014Assets 2015: $7,472,332Liabilities 2015: $41,596Net Assets 2015: $7,430,7362015Assets 2016: $7,461,904Liabilities 2016: $112,944Net Assets 2016: $7,348,9602016Assets 2017: $7,659,903Liabilities 2017: $166,105Net Assets 2017: $7,493,7982017Assets 2018: $7,100,382Liabilities 2018: $98,451Net Assets 2018: $7,001,9312018Assets 2019: $7,248,715Liabilities 2019: $339,786Net Assets 2019: $6,908,9292019Assets 2020: $6,231,106Liabilities 2020: $183,131Net Assets 2020: $6,047,9752020Assets 2021: $5,215,338Liabilities 2021: $383,052Net Assets 2021: $4,832,2862021Assets 2022: $4,864,672Liabilities 2022: $951,535Net Assets 2022: $3,913,1372022Assets 2023: $3,601,528Liabilities 2023: $661,114Net Assets 2023: $2,940,4142023Assets 2024: $3,097,217Liabilities 2024: $504,501Net Assets 2024: $2,592,7162024

Highlighted filing

2020

Assets$6,231,106
Liabilities$183,131
Net Assets$6,047,975
Open 2020 Filing

Operations Trend

Revenue Growth17th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,063,9662010Expenses 2011: $2,179,7712011Revenue 2012: $2,590,740Expenses 2012: $2,558,816Net Income 2012: $31,9242012Expenses 2013: $2,262,8592013Revenue 2014: $2,881,528Expenses 2014: $2,284,481Net Income 2014: $597,0472014Revenue 2015: $3,026,644Expenses 2015: $2,612,849Net Income 2015: $413,7952015Revenue 2016: $2,836,790Expenses 2016: $3,101,577Net Income 2016: -$264,7872016Revenue 2017: $1,724,398Expenses 2017: $2,625,333Net Income 2017: -$900,9352017Revenue 2018: $2,900,757Expenses 2018: $3,531,663Net Income 2018: -$630,9062018Revenue 2019: $3,363,328Expenses 2019: $3,587,511Net Income 2019: -$224,1832019Revenue 2020: $2,759,120Expenses 2020: $3,553,629Net Income 2020: -$794,5092020Revenue 2021: $2,490,963Expenses 2021: $4,045,258Net Income 2021: -$1,554,2952021Revenue 2022: $2,576,578Expenses 2022: $3,256,165Net Income 2022: -$679,5872022Revenue 2023: $2,696,822Expenses 2023: $3,660,964Net Income 2023: -$964,1422023Revenue 2024: $3,003,872Expenses 2024: $3,364,351Net Income 2024: -$360,4792024

Highlighted filing

2020

Revenue$2,759,120
Expenses$3,553,629
Net Income-$794,509
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 15, 2020
Return Version
2019v5.1
Gross Receipts
$5,229,625
Mission and Program Overview

Mission

The exempt purpose of the plan is to provideparticipants and their dependents with health, accident, disability and death benefits.

To provide participants and their dependents with health, accident, disability and death benefits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$6,908,929$6,047,975▼ $860,954
Investments in Publicly Traded Securities$6,341,657$5,581,254▼ $760,403
Cash and Non-Interest-Bearing Accounts$373,874$311,502▼ $62,372
Accounts Receivable$382,992$185,030▼ $197,962
Savings and Temporary Cash Investments$145,303$148,081▲ $2,778
Prepaid Expenses and Deferred Charges$4,889$5,239▲ $350
Total Assets$7,248,715$6,231,106▼ $1,017,609
Liabilities
Escrow Account Liability$287,510$144,831▼ $142,679
Accounts Payable and Accrued Expenses$52,276$38,300▼ $13,976
Total Liabilities$339,786$183,131▼ $156,655
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,908,929$6,047,975▼ $860,954
Total Liabilities and Net Assets / Fund Balance$7,248,715$6,231,106▼ $1,017,609
Compensation and Service Providers
Top Officer Pay48th percentile

Board Members and Trustees

NameTitle
Eric DudzinskiEmployer Trustee
John DillonEmployer Trustee
John KlineEmployer Trustee
Steven CastellarinEmployer Trustee (Alt)
Nicholas SmithUnion Trustee
Philip S MitchenerUnion Trustee
Preston SmithUnion Trustee
Joseph FerraraUnion Trustee (Alt)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,418,366
Investment Income
$264,334
Other Revenue
$76,420
Change in Net Assets
$-794,509

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,727,923
Revenue Not Reported on Financial Statements
$31,197
Revenue Not Reported on Form 990
$-66,447
Total Revenue per Audited Statements
$2,661,476
Total Revenue per Form 990
$2,759,120
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$175,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$3,377,889--$3,377,889
Fees for Services Management$71,413$0$0$71,413
Fees for Service Investment Mgmnt Fees$31,199$0$0$31,199
Fees for Services Legal$20,000$0$0$20,000
Fees for Services Other$15,014$0$0$15,014
Fees for Services Accounting$14,000$0$0$14,000
Other Expenses$10,022$0$0$10,022
Conferences and Meetings$4,843$0$0$4,843
Office Expenses$4,648$0$0$4,648
Insurance$4,179$0$0$4,179
Total Functional Expenses$3,553,629$0$0$3,553,629

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,553,629
Expenses per Audited Statements$3,522,432
Total Expenses per Audited Statements$3,522,432
Expenses Not Reported on Financial Statements$31,197
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Asbestos Workers Local 42 Welfare Fund
EIN
52-6079218
Phone
4124712885
Address
140 SYLVAN AVENUE, ENGLEWOOD CLIFFS, NJ 07632
Doing Business As
co ZENITH AMERICAN SOLUTIONS

Signing Officer

Name
Preston Smith
Title
Trustee
Phone
4124712885
Signed
2020-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Preston Smith
Formed
1951
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Bacheler & Company Pc
Address
400 S KINGS HWY, CHERRY HILL, NJ 08034
Preparer
William J Bacheler CPA
Phone
8564291835
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“A copy of the Form 990 is provided to the third party administrator and to the members of the Board of Trustees, for review before it is filed.”

Pt VI, Line 12C

“The Board of Trustees monitors the confict of interest policy annually for any potential conflicts.”

Financial Statement Notes

Pt IV, Line 1B

“The organization deposits checks from employers that include amounts that are due to other collectively bargained benefit funds. The organization then transfers the amounts due to the other benefits funds to those benefit funds.”

Pt IV, Line 2B

“At the end of the year there were amounts that had not yet been transferred to the other benefit funds.”

Raw XML Appendix378 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt052276
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt038300
IRS990/AccountsReceivableGrp/BOYAmt0382992
IRS990/AccountsReceivableGrp/EOYAmt0185030
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE PARTICIPANTS AND THEIR DEPENDENTS WITH HEALTH, ACCIDENT, DISABILITY AND DEATH BENEFITS.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BenefitsToMembersGrp/ProgramServicesAmt03377889
IRS990/BenefitsToMembersGrp/TotalAmt03377889
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Christopher Schnupp
IRS990/BooksInCareOfDetail/PhoneNum04124712885
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0140 Sylvan Ave 303
IRS990/BooksInCareOfDetail/USAddress/CityNm0Englewood Cliffs
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007632
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt06908929
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt06047975
IRS990/CashNonInterestBearingGrp/BOYAmt0373874
IRS990/CashNonInterestBearingGrp/EOYAmt0311502
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/FundraisingAmt00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt04843
IRS990/ConferencesMeetingsGrp/TotalAmt04843
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt03377889
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0264334
IRS990/CYOtherExpensesAmt0175740
IRS990/CYOtherRevenueAmt076420
IRS990/CYProgramServiceRevenueAmt02418366
IRS990/CYRevenuesLessExpensesAmt0-794509
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt03553629
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02759120
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0To provide participants and their dependets with health, accident, disability and death benefits.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0co ZENITH AMERICAN SOLUTIONS
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EscrowAccountLiabilityGrp/BOYAmt0287510
IRS990/EscrowAccountLiabilityGrp/EOYAmt0144831
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt014000
IRS990/FeesForServicesAccountingGrp/TotalAmt014000
IRS990/FeesForServicesLegalGrp/FundraisingAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt020000
IRS990/FeesForServicesLegalGrp/TotalAmt020000
IRS990/FeesForServicesManagementGrp/FundraisingAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt071413
IRS990/FeesForServicesManagementGrp/TotalAmt071413
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt015014
IRS990/FeesForServicesOtherGrp/TotalAmt015014
IRS990/FeesForSrvcInvstMgmntFeesGrp/FundraisingAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt031199
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt031199
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0Nicholas Smith
IRS990/Form990PartVIISectionAGrp/PersonNm1Eric Dudzinski
IRS990/Form990PartVIISectionAGrp/PersonNm2John Dillon
IRS990/Form990PartVIISectionAGrp/PersonNm3Philip S Mitchener
IRS990/Form990PartVIISectionAGrp/PersonNm4John Kline
IRS990/Form990PartVIISectionAGrp/PersonNm5Preston Smith
IRS990/Form990PartVIISectionAGrp/PersonNm6Joseph Ferrara
IRS990/Form990PartVIISectionAGrp/PersonNm7Steven Castellarin
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0Union Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Employer Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Employer Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Union Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Employer Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Union Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Union Trustee (Alt)
IRS990/Form990PartVIISectionAGrp/TitleTxt7Employer Trustee (Alt)
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01951
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt066852
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02537357
IRS990/GrossReceiptsAmt05229625
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt04179
IRS990/InsuranceGrp/TotalAmt04179
IRS990/InvestmentIncomeGrp/ExclusionAmt0197482
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0197482
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06341657
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05581254
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NJ
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02470505
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE PARTICIPANTS AND THEIR DEPENDENTS WITH HEALTH, ACCIDENT, DISABILITY AND DEATH BENEFITS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06908929
IRS990/NetAssetsOrFundBalancesEOYAmt06047975
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt066852
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt066852
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-66445
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt04648
IRS990/OfficeExpensesGrp/TotalAmt04648
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0Dues and subscriptions
IRS990/OtherExpensesGrp/Desc1Bank charges
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt0422
IRS990/OtherExpensesGrp/ProgramServicesAmt110022
IRS990/OtherExpensesGrp/TotalAmt0422
IRS990/OtherExpensesGrp/TotalAmt110022
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0Scholarship fund income
IRS990/OtherRevenueMiscGrp/Desc1RDS subsidy
IRS990/OtherRevenueMiscGrp/Desc2Stop loss and claims refunds
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt014943
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt142828
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt218649
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014943
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt142828
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt218649
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt076420
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04889
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05239
IRS990/PrincipalOfficerNm0PRESTON SMITH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Employer contribtuion
IRS990/ProgramServiceRevenueGrp/Desc1Participant contribution
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01910641
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1507725
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt03416224
IRS990/PYInvestmentIncomeAmt0310074
IRS990/PYOtherExpensesAmt0171287
IRS990/PYOtherRevenueAmt0111650
IRS990/PYProgramServiceRevenueAmt02941604
IRS990/PYRevenuesLessExpensesAmt0-224183
IRS990/PYTotalExpensesAmt03587511
IRS990/PYTotalRevenueAmt03363328
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-794509
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0145303
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0148081
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AdditionsDuringYearAmt01569827
IRS990ScheduleD/AgentTrusteeEtcInd0true
IRS990ScheduleD/BeginningBalanceAmt0287510
IRS990ScheduleD/DistributionsDuringYearAmt01712506
IRS990ScheduleD/EndingBalanceAmt0144831
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt031197
IRS990ScheduleD/ExpensesSubtotalAmt03522432
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt031197
IRS990ScheduleD/InvestmentExpensesNotIncldAmt031197
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-66447
IRS990ScheduleD/RevenueNotReportedAmt0-66447
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt031197
IRS990ScheduleD/RevenueSubtotalAmt02727923
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization deposits checks from employers that include amounts that are due to other collectively bargained benefit funds. The organization then transfers the amounts due to the other benefits funds to those benefit funds.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1At the end of the year there were amounts that had not yet been transferred to the other benefit funds.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt IV, Line 1b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt IV, Line 2b
IRS990ScheduleD/TotalExpensesPerForm990Amt03553629
IRS990ScheduleD/TotalRevenuePerForm990Amt02759120
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02661476
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03522432
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the Form 990 is provided to the third party administrator and to the members of the Board of Trustees, for review before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Trustees monitors the confict of interest policy annually for any potential conflicts.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07248715
IRS990/TotalAssetsEOYAmt06231106
IRS990/TotalAssetsGrp/BOYAmt07248715
IRS990/TotalAssetsGrp/EOYAmt06231106
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03553629
IRS990/TotalFunctionalExpensesGrp/TotalAmt03553629
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0339786
IRS990/TotalLiabilitiesEOYAmt0183131
IRS990/TotalLiabilitiesGrp/BOYAmt0339786
IRS990/TotalLiabilitiesGrp/EOYAmt0183131
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06908929
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06047975
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt02418366
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0197482
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02561638
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02759120
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07248715
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06231106
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0400 FRANKLIN AVE
IRS990/USAddress/CityNm0PHOENIXVILLE
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019640
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PRESTON SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum04124712885
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASBESTOS WORKERS LOCAL 42 WELFARE FUND
ReturnHeader/Filer/BusinessNameControlTxt0ASBE
ReturnHeader/Filer/EIN0526079218
ReturnHeader/Filer/PhoneNum04124712885
ReturnHeader/Filer/USAddress/AddressLine1Txt0140 SYLVAN AVENUE
ReturnHeader/Filer/USAddress/CityNm0ENGLEWOOD CLIFFS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007632
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BACHELER & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 S KINGS HWY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHERRY HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008034
ReturnHeader/PreparerPersonGrp/PhoneNum08564291835
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM J BACHELER CPA
ReturnHeader/ReturnTs02021-04-23T08:10:43-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,231,106
Liabilities
$183,131
Net assets
$6,047,975
Revenue
$2,759,120
Expenses
$3,553,629
Net income
-$794,509
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.10$0.50$2.59$3.00$3.36$0.36
2023Detailed filing. Detailed filing data is available for this year.$3.60$0.66$2.94$2.70$3.66$0.96
2022Detailed filing. Detailed filing data is available for this year.$4.86$0.95$3.91$2.58$3.26$0.68
2021Detailed filing. Detailed filing data is available for this year.$5.22$0.38$4.83$2.49$4.05$1.55
2020Detailed filing. Detailed filing data is available for this year.$6.23$0.18$6.05$2.76$3.55$0.79
2019Detailed filing. Detailed filing data is available for this year.$7.25$0.34$6.91$3.36$3.59$0.22
2018Detailed filing. Detailed filing data is available for this year.$7.10$0.10$7.00$2.90$3.53$0.63
2017Detailed filing. Detailed filing data is available for this year.$7.66$0.17$7.49$1.72$2.63$0.90
2016Detailed filing. Detailed filing data is available for this year.$7.46$0.11$7.35$2.84$3.10$0.26
2015Detailed filing. Detailed filing data is available for this year.$7.47$0.04$7.43$3.03$2.61$0.41
2014Detailed filing. Detailed filing data is available for this year.$6.98$0.03$6.96$2.88$2.28$0.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.27$0.04$6.23$2.26
2012Summary only. Only limited summary data is available for this year.$5.89$0.03$5.87$2.59$2.56$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.82$0.06$5.76$2.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.34$0.31$5.02$3.06