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Local 351 Ibew 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
$37.4M (2023)

Expenses
$38.5M (2023)

Total Assets
$23.5M (2023)

Total Liabilities
$7.92M (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
$37,396,300
Expenses
$38,456,424
Net Income
-$1,060,124
Net Assets
$15,570,455
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,091,029
99.2%
Investment Income $305,271
0.8%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $23,491,507
Total Liabilities $7,921,052
Net Assets $15,570,455
Compensation
Key Employees and Officers Compensation Related Other
Roy Foster (Trustee) $0 $244,460 $143,803
Steven Dimatteo (Trustee) $0 $195,569 $124,020
Jeffery Houde (Trustee) $0 $0 $0
Joseph Knecht Jr (Trustee) $0 $0 $0
Thomas J Peterson (Trustee) $0 $0 $0
Daniel Cosner (Trustee) $0 $281,129 $165,710

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,343,361
Expenses
$38,645,948
Net Income
-$5,302,587
Net Assets
$16,663,391
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $32,841,418
98.5%
Investment Income $501,943
1.5%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $24,433,930
Total Liabilities $7,770,539
Net Assets $16,663,391
Compensation
Key Employees and Officers Compensation Related Other
Roy Foster (Trustee) $0 $241,231 $139,516
Steven Dimatteo (Trustee) $0 $192,990 $120,903
Jeffery Houde (Trustee) $0 $0 $0
Joseph Knecht Jr (Trustee) $0 $0 $0
Thomas J Peterson (Trustee) $0 $277,417 $160,426
Daniel Cosner (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,519,027
Expenses
$37,190,885
Net Income
-$3,671,858
Net Assets
$24,093,452
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $32,831,056
97.9%
Investment Income $687,971
2.1%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $31,719,611
Total Liabilities $7,626,159
Net Assets $24,093,452
Compensation
Key Employees and Officers Compensation Related Other
Roy Foster (Trustee) $0 $230,642 $134,306
Steven Dimatteo (Trustee) $0 $184,438 $116,552
Jeffery Houde (Trustee) $0 $0 $0
Joseph Knecht Jr (Trustee) $0 $0 $0
Thomas J Peterson (Trustee) $0 $0 $0
Daniel Cosner (Trustee) $0 $265,113 $154,523

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,519,422
Expenses
$33,446,465
Net Income
$4,072,957
Net Assets
$28,091,782
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,859,170
98.2%
Investment Income $660,252
1.8%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $38,075,327
Total Liabilities $9,983,545
Net Assets $28,091,782
Compensation
Key Employees and Officers Compensation Related Other
Roy Foster (Trustee) $0 $224,102 $137,467
Steven Dimatteo (Trustee) $0 $179,275 $119,073
Jeffery Houde (Trustee) $0 $0 $0
Joseph Knecht Jr (Trustee) $0 $0 $0
Thomas J Peterson (Trustee) $0 $0 $0
Daniel Cosner (Trustee) $0 $257,717 $159,657

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,918,332
Expenses
$33,730,280
Net Income
$4,188,052
Net Assets
$23,383,752
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,289,173
98.3%
Investment Income $629,159
1.7%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $29,770,246
Total Liabilities $6,386,494
Net Assets $23,383,752
Compensation
Key Employees and Officers Compensation Related Other
Roy Foster (Trustee) $0 $220,709 $130,211
Steven Dimatteo (Trustee) $0 $154,549 $101,865
Jeffery Houde (Trustee) $0 $0 $0
Joseph Knecht Jr (Trustee) $0 $0 $0
Thomas J Peterson (Trustee) $0 $0 $0
Daniel Cosner (Trustee) $0 $253,806 $153,450

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,465,638
Expenses
$31,891,405
Net Income
$9,574,233
Net Assets
$18,311,841
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $41,051,957
99.0%
Investment Income $413,681
1.0%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $24,695,836
Total Liabilities $6,383,995
Net Assets $18,311,841
Compensation
Key Employees and Officers Compensation Related Other
Steven Dimatteo (Trustee) $0 $145,618 $76,828
Jeffery Houde (Trustee) $0 $0 $0
Joseph Knecht Jr (Trustee) $0 $0 $0
Thomas J Peterson (Trustee) $0 $0 $0
Daniel Cosner (Trustee) $0 $251,215 $130,428
William Hosey (Former Trustee) $0 $65,370 $32,458

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,096,107
Expenses
$38,150,593
Net Income
-$2,054,486
Net Assets
$9,092,472
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,677,357
98.8%
Investment Income $418,750
1.2%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,636,576
Total Liabilities $7,544,104
Net Assets $9,092,472
Compensation
Key Employees and Officers Compensation Related Other
William Hosey (Trustee) $0 $216,992 $108,176
Steven Dimatteo (Trustee) $0 $141,901 $70,741
Jeffery Houde (Trustee) $0 $0 $0
Joseph Knecht Jr (Trustee) $0 $0 $0
Thomas J Peterson (Trustee) $0 $0 $0
Daniel Cosner (Trustee) $0 $249,540 $124,402

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,538,632
Expenses
$35,383,407
Net Income
$1,155,225
Net Assets
$11,223,476
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,106,743
98.8%
Investment Income $431,889
1.2%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $18,899,197
Total Liabilities $7,675,721
Net Assets $11,223,476
Compensation
Key Employees and Officers Compensation Related Other
William Hosey (Trustee) $0 $211,545 $118,314
Robert Nedohon (Trustee) $0 $169,236 $94,919
Jeffery Houde (Trustee) $0 $0 $0
Joseph Knecht Jr (Trustee) $0 $0 $0
Thomas J Peterson (Trustee) $0 $0 $0
Daniel Cosner (Trustee) $0 $225,660 $126,151
Edward H Gant (Former Trustee) $0 $169,429 $32,083

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,043,819
Expenses
$34,602,297
Net Income
$2,441,522
Net Assets
$10,280,357
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,369,679
98.2%
Investment Income $674,140
1.8%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,249,224
Total Liabilities $6,968,867
Net Assets $10,280,357
Compensation
Key Employees and Officers Compensation Related Other
Edward H Gant (Trustee) $0 $301,986 $39,440
William Hosey (Trustee) $0 $209,645 $0
Robert Nedohon (Trustee) $0 $167,870 $0
Jeffery Houde (Trustee) $0 $0 $0
Joseph Knecht Jr (Trustee) $0 $0 $0
Thomas J Peterson (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,303,732
Expenses
$38,959,463
Net Income
-$7,655,731
Net Assets
$8,130,636
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,550,824
97.6%
Investment Income $752,908
2.4%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,875,869
Total Liabilities $6,745,233
Net Assets $8,130,636
Compensation
Key Employees and Officers Compensation Related Other
Edward H Gant (Trustee) $0 $301,991 $0
William Hosey (Trustee) $0 $209,041 $0
Robert Nedohon (Trustee) $0 $167,389 $0
Jeffery Houde (Trustee) $0 $0 $0
Joseph Knecht Jr (Trustee) $0 $0 $0
Thomas J Peterson (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,793,518
Expenses
$38,488,141
Net Income
-$4,694,623
Net Assets
$16,091,956
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $32,895,099
97.3%
Investment Income $898,419
2.7%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $22,338,808
Total Liabilities $6,246,852
Net Assets $16,091,956
Compensation
Key Employees and Officers Compensation Related Other
Edward H Gant (Trustee) $0 $307,793 $0
William Hosey (Trustee) $0 $208,742 $0
Robert Nedohon (Trustee) $0 $167,136 $0
Jeffery Houde (Trustee) $0 $0 $0
Joseph Knecht Jr (Trustee) $0 $0 $0
Thomas J Peterson (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,140,480
Expenses
$36,958,824
Net Income
-$2,818,344
Net Assets
$21,516,181
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $33,116,829
97.0%
Investment Income $1,023,651
3.0%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $27,696,990
Total Liabilities $6,180,809
Net Assets $21,516,181

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,978,609
Expenses
$36,346,297
Net Income
$4,632,312
Net Assets
$23,653,887
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $40,130,124
97.9%
Investment Income $848,485
2.1%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $31,638,222
Total Liabilities $7,984,335
Net Assets $23,653,887

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 »

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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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  • 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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