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Filing year 2024

LOCAL 580 - INSURANCE FUND

New York, New York·EIN 13-6178513·501(c)(9)
Total revenue
$56.9M
Total assets
$335.3M
Total expenses
$52.9M
Reported officers
11
Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2024

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

Director of Education
Highest Compensated Employee
75th to 90th percentile
$347k
$376k
Base
$190k
Bonus
$11k
Other
Benefits
$52k
Fund Administrator
Key Employee
75th to 90th percentile
$310k
$335k
Base
$173k
Bonus
$10k
Other
Benefits
$45k
Director of Audits
Highest Compensated Employee
75th to 90th percentile
$310k
$335k
Base
$173k
Bonus
$10k
Other
Benefits
$45k
Controller
Above 90th percentile
$258k
$279k
Base
$143k
Bonus
$10k
Other
Benefits
$38k

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 7 unpaid individuals.

Up 2%
from 2023

From $340k in 2023 to $347k in 2024.

$340k
2023
$347k
2024
In today's dollarsEst.
Down 2% in real terms$382k to $376k

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

Highest Compensated Employee pay rose 2% from 2023 to 2024, while revenue rose 22%.

$340k in 2023 to $347k in 2024.
  • Key Employee pay rose 2% from 2023 to 2024.
  • Controller pay rose 17% from 2023 to 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

LOCAL 580 - INSURANCE FUND reported revenue and expenses across 2 filing years.

RevenueExpenses
$46.7M
$54.4M
2023
$56.9M
$52.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about LOCAL 580 - INSURANCE FUND

What does the Highest Compensated Employee of LOCAL 580 - INSURANCE FUND earn?

In 2024, the Highest Compensated Employee of LOCAL 580 - INSURANCE FUND received $347,427 in total compensation. This pay is in the top quarter for Highest Compensated Employee roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at LOCAL 580 - INSURANCE FUND compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Highest Compensated Employee at LOCAL 580 - INSURANCE FUND falls between the 75th and 90th percentiles.

What are LOCAL 580 - INSURANCE FUND's revenue and expenses?

In 2024, LOCAL 580 - INSURANCE FUND reported $56.9M in total revenue and $52.9M in total expenses on its IRS Form 990.

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