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Excavators Union 731 Welfare Fund

Organization summary

Type of Nonprofit

Designated as a Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$318M (2023)

Expenses
$204M (2023)

Total Assets
$931M (2023)

Total Liabilities
$5.96M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$317,835,772
Expenses
$203,642,189
Net Income
$114,193,583
Net Assets
$925,076,798
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $245,790,180
77.3%
Investment Income $69,758,027
21.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,071,536
0.7%
Net Inventory Sales $0
Other Revenue $216,029
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,225,960
0.6%
Assets/Debt
Total Assets $931,035,083
Total Liabilities $5,958,285
Net Assets $925,076,798
Compensation
Key Employees and Officers Compensation Related Other
M Chen (Wf Benefit C) $107,410 $0 $71,702
Joseph D'amato (Fmr Union Tr) $0 $560,909 $129,007
Carmine D'amato (Union Truste) $0 $366,249 $209,219
Dominic Valdner (Union Truste) $0 $365,841 $206,314
Paul D'abbraccio (Fmr Fund Mng) $0 $293,268 $104,998
Mark Key (Fund Adm) $0 $213,923 $104,998
Michelle Reid (Pension Supe) $0 $175,545 $72,325
Anthony Piciullo (Accounting) $0 $175,337 $71,702
Mark Rosen (Employer Tru) $0 $0 $0
Robert Wessel (Employer Tru) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$148,230,036
Expenses
$194,198,359
Net Income
-$45,968,323
Net Assets
$757,967,368
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $227,119,147
> 100%
Investment Income -$49,964,827
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$29,247,104
Net Inventory Sales $0
Other Revenue $322,820
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,181,402
0.6%
Assets/Debt
Total Assets $763,644,459
Total Liabilities $5,677,091
Net Assets $757,967,368
Compensation
Key Employees and Officers Compensation Related Other
Joseph D'amato (Union Truste) $0 $358,573 $204,359
Dominic Valdner (Union Truste) $0 $355,267 $201,821
Frank Biancaniello (Past Union T) $0 $352,184 $201,821
Paul D'abbraccio (Fund Mngr) $0 $284,726 $101,254
Mark Key (Asst Fund Ad) $0 $207,693 $101,254
Michelle Reid (Pension Supe) $0 $175,648 $70,183
Anthony Piciullo (Accounting) $0 $169,362 $68,571
Mark Rosen (Employer Tru) $0 $0 $0
Robert Wessel (Employer Tru) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$265,733,082
Expenses
$179,407,458
Net Income
$86,325,624
Net Assets
$849,463,680
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $210,844,353
79.3%
Investment Income $47,573,316
17.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,933,842
2.6%
Net Inventory Sales $0
Other Revenue $381,571
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,190,105
0.7%
Assets/Debt
Total Assets $855,197,555
Total Liabilities $5,733,875
Net Assets $849,463,680
Compensation
Key Employees and Officers Compensation Related Other
Joseph D'amato (Union Truste) $0 $348,217 $186,716
Frank Biancaniello (Union Truste) $0 $341,854 $184,515
Paul D'abbraccio (Fund Mngr) $0 $272,730 $94,869
Giovanni Laucella (Collections) $0 $256,903 $94,869
Mark Key (Asst Fund Ad) $0 $191,264 $94,869
Anthony Piciullo (Accounting) $0 $160,558 $83,562
Michelle Reid (Pension Supe) $0 $158,399 $83,273
Mark Rosen (Employer Tru) $0 $0 $0
Robert Wessel (Employer Tru) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$244,683,666
Expenses
$154,710,116
Net Income
$89,973,550
Net Assets
$723,992,720
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $205,271,065
83.9%
Investment Income $46,219,398
18.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,180,957
Net Inventory Sales $0
Other Revenue $374,160
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,002,960
0.6%
Assets/Debt
Total Assets $729,939,503
Total Liabilities $5,946,783
Net Assets $723,992,720
Compensation
Key Employees and Officers Compensation Related Other
Joseph D'amato (Union Truste) $0 $338,164 $182,204
Frank Biancaniello (Union Truste) $0 $331,853 $180,532
Paul D'abbraccio (Fund Mngr) $0 $272,730 $94,869
Giovanni Laucella (Collections) $0 $256,903 $94,869
Mark Key (Asst Fund Ad) $0 $191,264 $94,869
Anthony Piciullo (Accounting) $0 $160,558 $83,562
Michelle Reid (Pension Supe) $0 $158,399 $83,273
Mark Rosen (Employer Tru) $0 $0 $0
Robert Wessel (Employer Tru) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$256,840,962
Expenses
$173,295,875
Net Income
$83,545,087
Net Assets
$587,865,110
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $221,719,798
86.3%
Investment Income $12,810,930
5.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,032,175
8.6%
Net Inventory Sales $0
Other Revenue $278,059
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,032,590
0.6%
Assets/Debt
Total Assets $594,573,217
Total Liabilities $6,708,107
Net Assets $587,865,110
Compensation
Key Employees and Officers Compensation Related Other
Joseph D'amato (Union Truste) $0 $328,509 $173,285
Frank Biancaniello (Union Truste) $0 $322,437 $171,210
Paul D'abbraccio (Fund Mngr) $0 $249,696 $88,930
Giovanni Laucella (Collections) $0 $236,671 $88,930
Mark Key (Asst Fund Ad) $0 $165,262 $88,930
Anthony Piciullo (Accounting) $0 $153,762 $78,769
Michelle Reid (Pension Supe) $0 $153,231 $76,542
Denise Richardson (Employer Tru) $0 $0 $0
Mark Rosen (Employer Tru) $0 $0 $0
Robert Wessel (Employer Tru) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$221,125,972
Expenses
$153,712,929
Net Income
$67,413,043
Net Assets
$452,312,664
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $202,956,924
91.8%
Investment Income $8,735,246
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,164,685
4.1%
Net Inventory Sales $0
Other Revenue $269,117
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $957,500
0.6%
Assets/Debt
Total Assets $453,818,758
Total Liabilities $1,506,094
Net Assets $452,312,664
Compensation
Key Employees and Officers Compensation Related Other
Joseph D'amato (Union Truste) $0 $324,666 $168,530
Frank Biancaniello (Union Truste) $0 $318,275 $166,516
Mark Rosen (Empr Tstee) $0 $0 $0
Denise Richardson (Trustee) $0 $0 $0
Paul D'abbraccio (Fund Mngr) $0 $242,417 $0
Giovanni Laucella (Collections) $0 $229,781 $0
Michael Porto (Computer Tec) $0 $202,454 $0
Anthony Piciullo (Accounting) $0 $147,066 $0
Michelle Reid (Pension Supe) $0 $118,859 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$192,861,487
Expenses
$131,085,482
Net Income
$61,776,005
Net Assets
$416,972,099
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $178,409,252
92.5%
Investment Income $7,767,903
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,487,047
3.4%
Net Inventory Sales $0
Other Revenue $197,285
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $901,777
0.7%
Assets/Debt
Total Assets $422,053,903
Total Liabilities $5,081,804
Net Assets $416,972,099
Compensation
Key Employees and Officers Compensation Related Other
Joseph D'amato (Union Truste) $0 $309,479 $156,517
Frank Biancaniello (Union Truste) $0 $303,290 $154,561
Mark Rosen (Empr Tstee) $0 $0 $0
Denise Richardson (Trustee) $0 $0 $0
Paul D'abbraccio (Fund Mngr) $0 $231,642 $82,222
Giovanni Laucella (Collections) $0 $219,444 $82,222
Michael Porto (Computer Tec) $0 $192,320 $71,945
Anthony Piciullo (Accounting) $0 $140,733 $72,107
Michelle Reid (Pension Supe) $0 $108,028 $72,832

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$164,050,152
Expenses
$129,077,397
Net Income
$34,972,755
Net Assets
$332,022,209
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $156,281,676
95.3%
Investment Income $6,982,295
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $565,797
0.3%
Net Inventory Sales $0
Other Revenue $220,384
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $911,799
0.7%
Assets/Debt
Total Assets $336,387,369
Total Liabilities $4,365,160
Net Assets $332,022,209
Compensation
Key Employees and Officers Compensation Related Other
Joseph D'amato (Union Truste) $0 $301,748 $154,211
Frank Biancaniello (Union Truste) $0 $296,248 $152,312
Mark Rosen (Empr Tstee) $0 $0 $0
Denise Richardson (Trustee) $0 $0 $0
Paul D'abbraccio (Fund Mngr) $0 $221,927 $77,074
Giovanni Laucella (Collections) $0 $210,091 $77,074
Michael Porto (Computer Tec) $0 $186,061 $67,440
Anthony Piciullo (Accounting) $0 $134,722 $67,372
Sebastian Restifo (Asst Funds A) $0 $174,413 $67,440

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$143,387,388
Expenses
$115,668,011
Net Income
$27,719,377
Net Assets
$285,426,872
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $138,650,361
96.7%
Investment Income $5,774,376
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,264,238
Net Inventory Sales $0
Other Revenue $226,889
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $881,026
0.8%
Assets/Debt
Total Assets $290,175,583
Total Liabilities $4,748,711
Net Assets $285,426,872
Compensation
Key Employees and Officers Compensation Related Other
Joseph D'amato (Union Truste) $0 $291,461 $149,146
Frank Biancaniello (Union Truste) $0 $286,329 $147,217
Mark Rosen (Empr Tstee) $0 $0 $0
Densie Richardson (Trustee) $0 $0 $0
Paul D'abbraccio (Fund Mngr) $0 $215,502 $74,232

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$149,679,666
Expenses
$104,584,093
Net Income
$45,095,573
Net Assets
$262,151,612
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $113,626,227
75.9%
Investment Income $5,106,358
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $30,688,907
20.5%
Net Inventory Sales $0
Other Revenue $258,174
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $813,076
0.8%
Assets/Debt
Total Assets $262,553,457
Total Liabilities $401,845
Net Assets $262,151,612
Compensation
Key Employees and Officers Compensation Related Other
Joseph D'amato (Union Truste) $0 $282,439 $141,890
Frank Biancaniello (Union Truste) $0 $276,193 $139,351
Frank Dimenna Jr (Empr Tstee) $0 $0 $0
Mark Rosen (Empr Tstee) $0 $0 $0
Paul D'abbraccio (Fund Mngr) $0 $188,760 $67,392

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$130,207,597
Expenses
$99,303,493
Net Income
$30,904,104
Net Assets
$231,766,239
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $104,865,072
80.5%
Investment Income $4,667,207
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $20,259,006
15.6%
Net Inventory Sales $0
Other Revenue $416,312
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $835,399
0.8%
Assets/Debt
Total Assets $232,087,470
Total Liabilities $321,231
Net Assets $231,766,239
Compensation
Key Employees and Officers Compensation Related Other
Joseph D'amato (Union Truste) $0 $275,116 $137,285
Frank Biancaniello (Union Truste) $0 $265,059 $134,135
Frank Dimenna Jr (Empr Tstee) $0 $0 $0
Mark Rosen (Empr Tstee) $0 $0 $0
Paul D'abbraccio (Fund Mngr) $0 $184,950 $67,392

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$110,808,209
Expenses
$91,988,962
Net Income
$18,819,247
Net Assets
$195,384,637
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $98,523,015
88.9%
Investment Income $4,770,812
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,067,532
6.4%
Net Inventory Sales $0
Other Revenue $446,850
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $772,764
0.8%
Assets/Debt
Total Assets $195,665,816
Total Liabilities $281,179
Net Assets $195,384,637

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$100,759,613
Expenses
$88,490,977
Net Income
$12,268,636
Net Assets
$171,454,480
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $96,775,442
96.0%
Investment Income $4,299,633
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$669,765
Net Inventory Sales $0
Other Revenue $354,303
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $693,649
0.8%
Assets/Debt
Total Assets $171,723,974
Total Liabilities $269,494
Net Assets $171,454,480

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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