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Filing year 2024

HEAVY AND GENERAL CONSTRUCTION LABORERS UNION LOCAL 472 SEVERANCE FUND

Newark, New Jersey·EIN 22-6500282·501(c)(9)
Total revenue
$703k
Total assets
$3.5M
Total expenses
$585k
Reported officers
3
Mission

CREATED AND ESTABLISHED FOR THE PURPOSE OF PROVIDING SEVERANCE BENEFIT FOR ELIGIBLE EMPLOYEES IN ORDER TO PROVIDE CERTAIN FINANCIAL PROTECTION FOR SUCH EMPLOYEES UPON SEVERANCE, TERMINATION OF EMPLOYMENT OR IN THE EVENT OF THEIR DEATH, FOR THEIR BENEFICIARIES.

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Trustee
Board Member
Above 90th percentile
$242k
$262k
Trustee
Board Member
Above 90th percentile
$234k
$253k
Trustee
Board Member
Above 90th percentile
$230k
$249k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 6%
from 2023

From $228k in 2023 to $242k in 2024.

$228k
2023
$242k
2024
In today's dollarsEst.
Up 2% in real terms$255k to $262k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 6% from 2023 to 2024, while revenue rose 9%.

$228k in 2023 to $242k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

HEAVY AND GENERAL CONSTRUCTION LABORERS UNION LOCAL 472 SEVERANCE FUND reported revenue and expenses across 2 filing years.

RevenueExpenses
$643k
$588k
2023
$703k
$585k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about HEAVY AND GENERAL CONSTRUCTION LABORERS UNION LOCAL 472 SEVERANCE FUND

What does the Board Member of HEAVY AND GENERAL CONSTRUCTION LABORERS UNION LOCAL 472 SEVERANCE FUND earn?

In 2024, the Board Member of HEAVY AND GENERAL CONSTRUCTION LABORERS UNION LOCAL 472 SEVERANCE FUND received $242,058 in total compensation. This pay is in the top 10% for Board Member roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at HEAVY AND GENERAL CONSTRUCTION LABORERS UNION LOCAL 472 SEVERANCE FUND compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Board Member at HEAVY AND GENERAL CONSTRUCTION LABORERS UNION LOCAL 472 SEVERANCE FUND falls in the top 10%.

What are HEAVY AND GENERAL CONSTRUCTION LABORERS UNION LOCAL 472 SEVERANCE FUND's revenue and expenses?

In 2024, HEAVY AND GENERAL CONSTRUCTION LABORERS UNION LOCAL 472 SEVERANCE FUND reported $703k in total revenue and $585k in total expenses on its IRS Form 990.

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