Liquor Salesmens Union Local 2 Insurance Trust Fund

Staten Island, NY
Tax-exempt since Feb. 1958
EIN: 13-6118802

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Type of Nonprofit

Designated as a 501(c)(9) Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Category: Health — General and Rehabilitative / Health, General and Financing (E81Z) (NTEE)

Donations to this organization are not tax deductible.

Revenue

$865k (2024)

Expenses

$926k (2024)

Total Assets

$5.49M (2024)

Total Liabilities

$12.1k (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$865,458

Expenses

$925,810

Net Income

-$60,352

Net Assets

$5,474,208

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$764,553	88.3%
Investment Income	$116,430	13.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$15,525
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$59,024	6.4%

Assets/Debt
Total Assets	$5,486,344
Total Liabilities	$12,136
Net Assets	$5,474,208

Compensation

Key Employees and Officers	Compensation	Related	Other
Matthew Mattassa (Employer Trustee)	$0	$0	$0
Stephen Booras (Union Trustee)	$0	$277,818	$41,287
Thomas Baffer (Union Trustee)	$0	$200,074	$39,075
Paul Cappiali (Union Trustee)	$0	$3,000	$0
Susan Blohm (Employer Trustee)	$0	$0	$0
Kevin Saul (Employer Trustee)	$0	$0	$0

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990

Filed on Nov. 3, 2025

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Fiscal Year Ending Dec.
2023

Revenue

$795,820

Expenses

$759,041

Net Income

$36,779

Net Assets

$5,284,311

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$778,523	97.8%
Investment Income	$115,909	14.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$98,612
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$53,463	7.0%

Assets/Debt
Total Assets	$5,286,635
Total Liabilities	$2,324
Net Assets	$5,284,311

Compensation

Key Employees and Officers	Compensation	Related	Other
Matthew Mattassa (Employer Trustee)	$0	$0	$0
Stephen Booras (Union Trustee)	$0	$272,032	$86,469
Thomas Baffer (Union Trustee)	$0	$183,870	$57,849
Paul Cappiali (Union Trustee)	$0	$3,000	$0
Susan Blohm (Employer Trustee)	$0	$0	$0
Kevin Saul (Employer Trustee)	$0	$0	$0

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990

Filed on Nov. 14, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$884,064

Expenses

$746,546

Net Income

$137,518

Net Assets

$4,996,654

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$783,228	88.6%
Investment Income	$112,984	12.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$24,594
Net Inventory Sales	$0
Other Revenue	$12,446	1.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$72,310	9.7%

Assets/Debt
Total Assets	$5,037,842
Total Liabilities	$41,188
Net Assets	$4,996,654

Compensation

Key Employees and Officers	Compensation	Related	Other
Matthew Mattassa (Employer Trustee)	$0	$0	$0
Robert Lento (Former Employer Trustee)	$0	$0	$0
Stephen Booras (Union Trustee)	$0	$317,293	$33,349
Thomas Baffer (Union Trustee)	$0	$214,595	$54,198
Paul Cappiali (Union Trustee)	$0	$0	$0
Susan Blohm (Employer Trustee)	$0	$0	$0
Kevin Saul (Employer Trustee)	$0	$0	$0

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990

Filed on Oct. 27, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$905,370

Expenses

$715,492

Net Income

$189,878

Net Assets

$5,266,657

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$729,681	80.6%
Investment Income	$127,205	14.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$42,461	4.7%
Net Inventory Sales	$0
Other Revenue	$6,023	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$58,370	8.2%

Assets/Debt
Total Assets	$5,353,320
Total Liabilities	$86,663
Net Assets	$5,266,657

Compensation

Key Employees and Officers	Compensation	Related	Other
Dave Young (Former Union Trustee)	$0	$0	$0
George Orlando (Former Union Trustee)	$0	$0	$0
Steven Meresman (Former Employer Trustee)	$0	$0	$0
Matthew Mattassa (Employer Trustee)	$0	$0	$0
Robert Lento (Employer Trustee)	$0	$0	$0
Stephen Booras (Union Trustee)	$0	$203,255	$18,802
Thomas Baffer (Union Trustee)	$0	$197,155	$0
Paul Cappiali (Union Trustee)	$0	$0	$0
Susan Blohm (Employer Trustee)	$0	$0	$0

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990

Filed on Nov. 14, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$1,007,893

Expenses

$736,757

Net Income

$271,136

Net Assets

$5,303,541

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$828,255	82.2%
Investment Income	$112,392	11.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$67,246	6.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$56,483	7.7%

Assets/Debt
Total Assets	$5,376,920
Total Liabilities	$73,379
Net Assets	$5,303,541

Compensation

Key Employees and Officers	Compensation	Related	Other
Dave Young (Union Trustee)	$0	$0	$0
George Orlando (Union Trustee)	$0	$0	$0
Steven Meresman (Employer Trustee)	$0	$0	$0
Matthew Mattassa (Employer Trustee)	$0	$0	$0
Robert Lento (Employer Trustee)	$0	$0	$0
Paul Wallace (Former Union Trustee)	$0	$0	$0
Vincent Fyfe (Former Union Trustee)	$0	$0	$0
Manny Normandia (Former Union Trustee)	$0	$0	$0

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990

Filed on Oct. 29, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$1,017,063

Expenses

$670,452

Net Income

$346,611

Net Assets

$4,884,701

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$863,597	84.9%
Investment Income	$102,938	10.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$50,528	5.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$53,633	8.0%

Assets/Debt
Total Assets	$4,939,806
Total Liabilities	$55,105
Net Assets	$4,884,701

Compensation

Key Employees and Officers	Compensation	Related	Other
Vincent Fyfe (Union Trustee)	$0	$280,938	$18,260
Steven Meresman (Employer Trustee)	$0	$0	$0
Robert Lento (Employer Trustee)	$0	$0	$0
Matthew Mattassa (Employer Trustee)	$0	$0	$0
Paul Wallace (Union Trustee)	$0	$0	$0
Manny Normandia (Union Trustee)	$0	$0	$0

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990

Filed on Nov. 9, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$904,767

Expenses

$664,148

Net Income

$240,619

Net Assets

$4,412,243

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$852,663	94.2%
Investment Income	$101,779	11.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$49,675
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$48,499	7.3%

Assets/Debt
Total Assets	$4,497,124
Total Liabilities	$84,881
Net Assets	$4,412,243

Compensation

Key Employees and Officers	Compensation	Related	Other
Vincent Fyfe (Union Trustee)	$0	$277,680	$18,200
Vincent D'acunto (Former Union Trustee)	$0	$0	$0
Steven Meresman (Employer Trustee)	$0	$0	$0
Robert Lento (Employer Trustee)	$0	$0	$0
Matthew Mattassa (Employer Trustee)	$0	$0	$0
Vincent Volpe (Former Union Trustee)	$0	$0	$0
Paul Wallace (Union Trustee)	$0	$0	$0
Manny Normandia (Union Trustee)	$0	$0	$0

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990

Filed on Nov. 4, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$956,984

Expenses

$710,412

Net Income

$246,572

Net Assets

$4,172,872

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$848,913	88.7%
Investment Income	$109,282	11.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,211
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$46,915	6.6%

Assets/Debt
Total Assets	$4,358,077
Total Liabilities	$185,205
Net Assets	$4,172,872

Compensation

Key Employees and Officers	Compensation	Related	Other
Vincent Fyfe (Union Trustee)	$0	$275,040	$17,570
Vincent D'acunto (Union Trustee)	$0	$0	$0
Steven Meresman (Employer Trustee)	$0	$0	$0
Robert Lento (Employer Trustee)	$0	$0	$0
Matthew Mattassa (Employer Trustee)	$0	$0	$0
Sal D'acunto (Former Union Trustee)	$0	$36,653	$17,570
Vincent Volpe (Union Trustee)	$0	$0	$0

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990

Filed on Nov. 7, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$921,130

Expenses

$724,421

Net Income

$196,709

Net Assets

$3,970,587

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$808,230	87.7%
Investment Income	$104,642	11.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$8,258	0.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$44,460	6.1%

Assets/Debt
Total Assets	$4,038,338
Total Liabilities	$67,751
Net Assets	$3,970,587

Compensation

Key Employees and Officers	Compensation	Related	Other
Vincent Fyfe (Union Trustee)	$0	$274,798	$16,980
Vincent D'acunto (Union Trustee)	$0	$0	$0
Vincent Volpe (Union Trustee Past)	$0	$0	$0
Steven Meresman (Employer Trustee)	$0	$0	$0
Robert Lento (Employer Trustee)	$0	$0	$0
Matthew Mattassa (Employer Trustee)	$0	$0	$0
Sal D'acunto (Union Trustee)	$0	$35,201	$16,980

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990

Filed on Nov. 9, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$921,114

Expenses

$724,113

Net Income

$197,001

Net Assets

$3,820,487

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$778,194	84.5%
Investment Income	$130,716	14.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$12,204	1.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,800	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$43,580	6.0%

Assets/Debt
Total Assets	$3,873,710
Total Liabilities	$53,223
Net Assets	$3,820,487

Compensation

Key Employees and Officers	Compensation	Related	Other
Vincent Volpe (Union Trustee)	$1,800	$1,800	$0
Vincent Fyfe (Union Trustee)	$0	$265,000	$16,920
Vincent D'acunto (Union Trustee)	$0	$44,730	$0
Steven Meresman (Employer Trustee)	$0	$0	$0
Robert Lento (Employer Trustee)	$0	$0	$0
Matthew Mattassa (Employer Trustee)	$0	$0	$0

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990

Filed on Nov. 11, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$842,872

Expenses

$675,618

Net Income

$167,254

Net Assets

$3,719,290

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$697,896	82.8%
Investment Income	$141,189	16.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,787	0.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,800	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$42,023	6.2%

Assets/Debt
Total Assets	$3,847,694
Total Liabilities	$128,404
Net Assets	$3,719,290

Compensation

Key Employees and Officers	Compensation	Related	Other
Vincent Volpe (Union Trustee)	$1,800	$1,800	$0
Vincent Fyfe (Union Trustee)	$0	$267,040	$16,260
Vincent D'acunto (Union Trustee)	$0	$41,620	$0
Stephen Meresman (Employer Trustee)	$0	$0	$0
Robert Lento (Employer Trustee)	$0	$0	$0
Matthew Mattassa (Employer Trustee)	$0	$0	$0

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990

Filed on Nov. 9, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$827,581

Expenses

$533,818

Net Income

$293,763

Net Assets

$3,610,096

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$682,547	82.5%
Investment Income	$145,887	17.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$853
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,800	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$37,267	7.0%

Assets/Debt
Total Assets	$3,618,848
Total Liabilities	$8,752
Net Assets	$3,610,096

Compensation

Key Employees and Officers	Compensation	Related	Other
Vincent Volpe (Union Trustee)	$1,800	$1,800	$0
Vincent Fyfe (Union Trustee)	$0	$282,302	$16,140
Vincent D'acunto (Union Trustee)	$0	$39,300	$0
Stephen Meresman (Employer Trustee)	$0	$0	$0
Robert Lento (Employer Trustee)	$0	$0	$0
Matthew Mattassa (Employer Trustee)	$0	$0	$0

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990

Filed on Nov. 5, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$792,050

Expenses

$568,466

Net Income

$223,584

Net Assets

$3,432,371

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$661,033	83.5%
Investment Income	$131,017	16.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,600	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$33,336	5.9%

Assets/Debt
Total Assets	$3,444,572
Total Liabilities	$12,201
Net Assets	$3,432,371

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$773,368

Expenses

$501,166

Net Income

$272,202

Net Assets

$3,209,319

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$652,209	84.3%
Investment Income	$117,502	15.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,657	0.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,600	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$31,890	6.4%

Assets/Debt
Total Assets	$3,227,272
Total Liabilities	$17,953
Net Assets	$3,209,319

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Liquor Salesmens Union Local 2 Insurance Trust Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $865k (2024)

Expenses $926k (2024)

Total Assets $5.49M (2024)

Total Liabilities $12.1k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

Revenue

$865k (2024)

Expenses

$926k (2024)

Total Assets

$5.49M (2024)

Total Liabilities

$12.1k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004