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Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B

701 Local Welfare Plan A

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.

Details

According to its May 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$8.16M (2023)

Expenses
$8.38M (2023)

Total Assets
$9.41M (2023)

Total Liabilities
$184k (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 May
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,163,611
Expenses
$8,378,232
Net Income
-$214,621
Net Assets
$9,222,863
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,534,419
92.3%
Investment Income $314,110
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $273,952
3.4%
Net Inventory Sales $0
Other Revenue $41,130
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $110,000
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $119,583
1.4%
Assets/Debt
Total Assets $9,407,025
Total Liabilities $184,162
Net Assets $9,222,863
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Giancarlo Prezioso (Fund Manager) $74,000 $166,109 $48,784
Ernest Soehl (Trustee) $12,000 $12,000 $0
Anthony Sidoti (Trustee) $12,000 $0 $0
Lamar Beinhower (Trustee) $12,000 $12,000 $0
Ronald Lake (Trustee) $0 $129,173 $77,855
Rocco Morongello (Trustee) $0 $0 $0
Gregorey Riggleman (Trustee) $0 $121,966 $70,170
Robert Weiser (Trustee) $0 $0 $0
Anthony Fischetti (Trustee) $0 $115,182 $63,260

Document Links

Fiscal Year Ending May
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,768,982
Expenses
$8,171,526
Net Income
-$402,544
Net Assets
$10,146,213
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,379,185
95.0%
Investment Income $394,988
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$12,984
Net Inventory Sales $0
Other Revenue $7,793
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $90,903
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $123,585
1.5%
Assets/Debt
Total Assets $10,308,418
Total Liabilities $162,205
Net Assets $10,146,213
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Giancarlo Prezioso (Fund Manager) $67,144 $164,442 $47,743
Anthony Sidoti (Trustee) $11,442 $5,000 $0
Ernest Soehl (Trustee) $5,000 $130,826 $69,493
Lamar Beinhower (Trustee) $5,000 $5,000 $0
Rocco Morongello (Trustee) $2,317 $3,798 $0
Ronald Lake (Trustee) $0 $119,086 $73,891
Gregorey Riggleman (Trustee) $0 $34,492 $12,459
Raymond Milmoe (Trustee (Former)) $0 $102,778 $66,733
Wojciech Szyszko (Trustee (Former)) $0 $0 $0
Robert Weiser (Trustee) $0 $0 $0
Anthony Fischetti (Trustee) $0 $7,362 $1,512

Document Links

Fiscal Year Ending May
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,575,935
Expenses
$8,036,766
Net Income
$539,169
Net Assets
$11,280,031
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,848,206
91.5%
Investment Income $281,773
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $224,942
2.6%
Net Inventory Sales $0
Other Revenue $221,014
2.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $81,910
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $141,893
1.8%
Assets/Debt
Total Assets $11,595,361
Total Liabilities $315,330
Net Assets $11,280,031
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Giancarlo Prezioso (Fund Manager) $61,245 $165,506 $46,723
Anthony Sidoti (Trustee) $11,043 $0 $0
Rocco Morongello (Trustee) $9,622 $11,804 $0
Ernest Soehl (Trustee) $0 $121,938 $67,723
Ronald Lake (Trustee) $0 $117,072 $72,035
Robert Weiser (Trustee) $0 $0 $0
Raymond Milmoe (Trustee) $0 $110,305 $64,734
Lamar Beinhower (Trustee) $0 $0 $0
Wojciech Szyszko (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,814,226
Expenses
$7,612,680
Net Income
$201,546
Net Assets
$9,393,766
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,463,999
95.5%
Investment Income $214,861
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $104,605
1.3%
Net Inventory Sales $0
Other Revenue $30,761
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $72,770
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $113,773
1.5%
Assets/Debt
Total Assets $9,593,498
Total Liabilities $199,732
Net Assets $9,393,766
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Giancarlo Prezioso (Fund Manager) $50,082 $0 $39,281
Rocco Morongello (Trustee) $11,644 $0 $0
Anthony Sidoti (Trustee) $11,044 $0 $0
Ernest Soehl (Trustee) $0 $112,607 $65,070
Ronald Lake (Trustee) $0 $108,030 $69,298
Robert Weiser (Trustee) $0 $0 $0
Raymond Milmoe (Trustee) $0 $102,156 $62,158
Lamar Beinhower (Trustee) $0 $0 $0
Eric Bonawitz (Trustee) $0 $0 $0
Wojciech Szyszko (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,342,311
Expenses
$7,204,883
Net Income
$137,428
Net Assets
$9,152,379
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,731,049
91.7%
Investment Income $277,497
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $259,130
3.5%
Net Inventory Sales $0
Other Revenue $74,635
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $72,900
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $105,848
1.5%
Assets/Debt
Total Assets $9,270,421
Total Liabilities $118,042
Net Assets $9,152,379
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Giancarlo Prezioso (Fund Manager) $51,694 $148,669 $20,506
Anthony Sidoti (Trustee) $11,044 $0 $0
Rocco Morongello (Trustee) $10,162 $13,126 $0
Ernest Soehl (Trustee) $0 $110,263 $64,312
Ronald Lake (Trustee) $0 $105,646 $64,817
Robert Weiser (Trustee) $0 $0 $0
Raymond Milmoe (Trustee) $0 $99,110 $63,652
Lamar Beinhower (Trustee) $0 $0 $0
Eric Bonawitz (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,446,592
Expenses
$6,167,173
Net Income
$279,419
Net Assets
$9,308,054
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,052,392
93.9%
Investment Income $237,482
3.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,373
Net Inventory Sales $0
Other Revenue $160,091
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $88,562
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $76,922
1.2%
Assets/Debt
Total Assets $9,502,583
Total Liabilities $194,529
Net Assets $9,308,054
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Giancarlo Prezioso (Fund Manager) $67,096 $127,432 $20,156
Anthony Sidoti (Trustee) $11,044 $0 $0
Rocco Morongello (Trustee) $10,422 $10,926 $0
Ernest Soehl (Trustee) $0 $106,106 $61,133
Ronald Lake (Trustee) $0 $101,220 $62,216
Robert Weiser (Trustee) $0 $0 $0
Raymond Milmoe (Trustee) $0 $94,457 $61,017
Lamar Beinhower (Trustee) $0 $0 $0
Rodney Malarchik (Former Trustee) $0 $0 $0
Eric Bonawitz (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,842,311
Expenses
$5,768,331
Net Income
$73,980
Net Assets
$8,730,635
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,600,392
95.9%
Investment Income $185,440
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $135
0.0%
Net Inventory Sales $0
Other Revenue $56,344
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $94,785
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $106,233
1.8%
Assets/Debt
Total Assets $8,795,748
Total Liabilities $65,113
Net Assets $8,730,635
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Giancarlo Prezioso (Fund Manager) $71,366 $117,516 $7,186
Rocco Morongello (Trustee) $12,375 $10,913 $0
Anthony Sidoti (Trustee) $11,044 $0 $0
Ernest Soehl (Trustee) $0 $103,970 $60,287
Ronald Lake (Trustee) $0 $99,675 $61,327
Robert Weiser (Trustee) $0 $0 $0
Raymond Milmoe (Trustee) $0 $92,806 $60,016
Lamar Beinhower (Trustee) $0 $0 $0
Rodney Malarchik (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,599,564
Expenses
$5,099,077
Net Income
$500,487
Net Assets
$8,158,333
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,396,820
96.4%
Investment Income $163,011
2.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $646
0.0%
Net Inventory Sales $0
Other Revenue $39,087
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $93,146
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $125,917
2.5%
Assets/Debt
Total Assets $8,212,276
Total Liabilities $53,943
Net Assets $8,158,333
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Giancarlo Prezioso (Fund Manager) $63,730 $112,808 $33,792
Rocco Morongello (Trustee) $12,240 $11,048 $0
Anthony Sidoti (Trustee) $11,044 $0 $0
David Russell (Trustee) $6,132 $5,535 $0
Ernest Soehl (Trustee) $0 $103,279 $57,673
Ronald Lake (Trustee) $0 $97,077 $60,341
Robert Weiser (Trustee) $0 $0 $0
Raymond Milmoe (Trustee) $0 $90,815 $55,639
Lamar Beinhower (Trustee) $0 $0 $0
Rodney Malarchik (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,274,854
Expenses
$6,344,707
Net Income
-$69,853
Net Assets
$7,778,013
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,092,080
97.1%
Investment Income $175,948
2.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,721
Net Inventory Sales $0
Other Revenue $8,547
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $82,543
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $164,766
2.6%
Assets/Debt
Total Assets $7,842,040
Total Liabilities $64,027
Net Assets $7,778,013
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Giancarlo Prezioso (Fund Manager) $39,397 $85,218 $24,626
Anthony Sidoti (Trustee/Fund Manager) $25,831 $37,258 $2,997
Rocco Morongello (Trustee) $9,315 $13,973 $0
David Russell (Trustee) $8,000 $12,000 $0
Ernest Soehl (Trustee) $0 $95,271 $54,483
Ronald Lake (Trustee) $0 $90,142 $58,570
Robert Weiser (Trustee) $0 $0 $0
Raymond Milmoe (Trustee) $0 $82,857 $51,571
Rodney Malarchik (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,474,068
Expenses
$8,498,883
Net Income
-$1,024,815
Net Assets
$7,763,051
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,628,738
88.7%
Investment Income $180,300
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $660,114
8.8%
Net Inventory Sales $0
Other Revenue $4,916
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $61,052
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $149,369
1.8%
Assets/Debt
Total Assets $7,818,270
Total Liabilities $55,219
Net Assets $7,763,051
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Anthony Sidoti (Trustee/Fund Manager) $37,535 $99,920 $8,794
Rocco Morongello (Trustee) $8,515 $12,773 $0
David Russell (Trustee) $8,333 $8,333 $0
Ernest Soehl (Trustee) $0 $84,326 $52,581
Ronald Lake (Trustee) $0 $87,065 $57,834
Robert Weiser (Trustee) $0 $0 $0
Raymond Milmoe (Trustee) $0 $71,950 $49,669
Rodney Malarchik (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,175,470
Expenses
$10,523,099
Net Income
-$2,347,629
Net Assets
$8,982,047
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,728,202
94.5%
Investment Income $175,618
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $267,062
3.3%
Net Inventory Sales $0
Other Revenue $4,588
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $46,771
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $201,105
1.9%
Assets/Debt
Total Assets $9,056,803
Total Liabilities $74,756
Net Assets $8,982,047

Document Links

Fiscal Year Ending May
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,539,471
Expenses
$12,556,212
Net Income
-$2,016,741
Net Assets
$11,156,425
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,838,158
93.3%
Investment Income $251,407
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $442,649
4.2%
Net Inventory Sales $0
Other Revenue $7,257
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $59,525
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $187,065
1.5%
Assets/Debt
Total Assets $12,249,213
Total Liabilities $1,092,788
Net Assets $11,156,425

Document Links

Fiscal Year Ending May
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,232,717
Expenses
$10,853,766
Net Income
-$1,621,049
Net Assets
$13,485,389
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,663,231
93.8%
Investment Income $345,350
3.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $199,011
2.2%
Net Inventory Sales $0
Other Revenue $25,125
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $59,019
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $179,409
1.7%
Assets/Debt
Total Assets $14,804,611
Total Liabilities $1,319,222
Net Assets $13,485,389

Document Links

Fiscal Year Ending May
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.
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 May
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 May
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 May
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 May
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 May
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.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • 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.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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