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Filing year 2023

LABORERS UNION LOCAL 1298 OF NASSAU & SUFFOLK COUNTIES WELFARE FUND

Hempstead, New York·EIN 11-1628171·501(c)(9)
Total revenue
$38.5M
Total assets
$48.9M
Total expenses
$36.9M
Reported officers
13
Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE MEDICAL, VACATION, DENTAL, VISION, UNEMPLOYMENT, DISABILITY, AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 9 reported individuals · Filing year 2023

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

Fund Administrator
Key Employee
Above 90th percentile
$432k
$484k
Base
$312k
Bonus
$36k
Other
$12k
Benefits
$27k
Fund Officer
Officer (Unspecified)
$310k
$348k
Base
$207k
Bonus
$20k
Other
$12k
Benefits
$27k
Fund Officer
Officer (Unspecified)
$295k
$332k
Base
$192k
Bonus
$20k
Other
$12k
Benefits
$27k
Union Trustee
Board Member
Above 90th percentile
$264k
$296k
Union Trustee
Board Member
Above 90th percentile
$230k
$258k
Union Trustee
Board Member
Above 90th percentile
$219k
$246k
Key Employee
Median to 75th percentile
$218k
$245k
Union Trustee
Board Member
Above 90th percentile
$211k
$237k
Fund Officer
Officer (Unspecified)
$204k
$228k
Base
$127k
Bonus
$14k
Other
$9k
Benefits
$20k

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.

Plus 4 unpaid individuals.

Up 3%
from 2022

From $417k in 2022 to $432k in 2023.

$417k
2022
$432k
2023
In today's dollarsEst.
Roughly flat in real terms$486k to $484k

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

Key Employee pay rose 3% from 2022 to 2023, while revenue rose 5%.

$417k in 2022 to $432k in 2023.
  • Board Member pay rose 10% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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

Revenue and expenses over time

LABORERS UNION LOCAL 1298 OF NASSAU & SUFFOLK COUNTIES WELFARE FUND reported revenue and expenses across 2 filing years.

RevenueExpenses
$36.8M
$31.5M
2022
$38.5M
$36.9M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about LABORERS UNION LOCAL 1298 OF NASSAU & SUFFOLK COUNTIES WELFARE FUND

What does the Key Employee of LABORERS UNION LOCAL 1298 OF NASSAU & SUFFOLK COUNTIES WELFARE FUND earn?

In 2023, the Key Employee of LABORERS UNION LOCAL 1298 OF NASSAU & SUFFOLK COUNTIES WELFARE FUND received $431,585 in total compensation. This pay is in the top 10% for Key Employee roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Key Employee pay at LABORERS UNION LOCAL 1298 OF NASSAU & SUFFOLK COUNTIES WELFARE FUND compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Key Employee at LABORERS UNION LOCAL 1298 OF NASSAU & SUFFOLK COUNTIES WELFARE FUND falls in the top 10%.

What are LABORERS UNION LOCAL 1298 OF NASSAU & SUFFOLK COUNTIES WELFARE FUND's revenue and expenses?

In 2023, LABORERS UNION LOCAL 1298 OF NASSAU & SUFFOLK COUNTIES WELFARE FUND reported $38.5M in total revenue and $36.9M in total expenses on its IRS Form 990.

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