Workers Compensation Security Fund
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Organization summary
Type of Nonprofit
Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.
Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)
Donations to this organization are not tax deductible.
Summary charts: organization finances over time
Revenue $33.9M (2022)
Expenses $27.5M (2022)
Total Assets $236M (2022)
Total Liabilities $378k (2022)
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.
2022
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$33,850,495
Expenses
$27,511,130
Net Income
$6,339,365
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $31,737,371 |
93.8%
|
| Investment Income | $2,504,480 |
7.4%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$391,356 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $260,306 |
0.9%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $2,063,460 |
7.5%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $236,085,862 | |
| Total Liabilities | $377,689 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Jessica Schlee Gilbert (Trustee Director) | $0 | $0 | $0 |
| David Raczenbeck (Trustee Director) | $0 | $0 | $0 |
| Allstate New Jersey Insurance (Institutional Trustee) | $0 | $0 | $0 |
Document Links
990
Filed on Oct. 26, 2023Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2021
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$28,644,741
Expenses
$29,725,302
Net Income
-$1,080,561
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $26,579,435 |
92.8%
|
| Investment Income | $2,220,341 |
7.8%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$155,035 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $296,747 |
1.0%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $2,375,558 |
8.0%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $229,766,675 | |
| Total Liabilities | $397,867 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Jessica Schlee Gilbert (Trustee Director) | $0 | $0 | $0 |
| James Doherty (Trustee Director) | $0 | $0 | $0 |
| Allstate New Jersey Insurance (Institutional Trustee) | $0 | $0 | $0 |
Document Links
990
Filed on Nov. 2, 2022Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2020
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$35,010,632
Expenses
$33,366,842
Net Income
$1,643,790
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $31,246,406 |
89.2%
|
| Investment Income | $3,453,588 |
9.9%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $310,638 |
0.9%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $282,020 |
0.8%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $2,227,690 |
6.7%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $230,914,440 | |
| Total Liabilities | $465,071 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Joseph Dellafera (Chief Executive Officer) | $0 | $278,764 | $54,921 |
| Lori Connors (General Counsel) | $0 | $215,867 | $41,556 |
| Ronald Chess (Director Of Compliance & It) | $0 | $165,175 | $32,466 |
Document Links
990
Filed on Oct. 25, 2021Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2019
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$58,825,090
Expenses
$36,675,386
Net Income
$22,149,704
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $53,880,880 |
91.6%
|
| Investment Income | $4,875,226 |
8.3%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $68,984 |
0.1%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $279,648 |
0.8%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $2,296,288 |
6.3%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $229,143,293 | |
| Total Liabilities | $337,714 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Joseph Dellafera (Chief Executive Officer) | $0 | $271,694 | $52,007 |
| Lori Connors (General Counsel) | $0 | $210,000 | $41,270 |
| Ronald Chess (Director Of Compliance & It) | $0 | $160,062 | $31,699 |
Document Links
990
Filed on Nov. 2, 2020Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2018
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$51,066,087
Expenses
$34,981,115
Net Income
$16,084,972
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $47,773,399 |
93.6%
|
| Investment Income | $3,318,249 |
6.5%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$25,561 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $310,786 |
0.9%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $2,801,870 |
8.0%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $207,438,414 | |
| Total Liabilities | $782,539 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Jessica Schlee Gilbert (Trustee Director) | $0 | $0 | $0 |
| James Doherty (Trustee Director) | $0 | $0 | $0 |
| Allstate New Jersey Insurance (Institutional Trustee) | $0 | $0 | $0 |
Document Links
990
Filed on Nov. 5, 2019Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2017
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$33,208,154
Expenses
$23,144,368
Net Income
$10,063,786
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $31,007,846 |
93.4%
|
| Investment Income | $2,339,407 |
7.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$139,099 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $176,040 |
0.8%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,791,814 |
7.7%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $190,858,931 | |
| Total Liabilities | $288,028 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Jessica Schlee Gilbert (Trustee Director) | $0 | $0 | $0 |
| James Doherty (Trustee Director) | $0 | $0 | $0 |
| Allstate New Jersey Insurance (Institutional Trustee) | $0 | $0 | $0 |
Document Links
990
Filed on Nov. 13, 2018Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2016
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$36,182,933
Expenses
$21,044,704
Net Income
$15,138,229
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $34,924,780 |
96.5%
|
| Investment Income | $1,664,071 |
4.6%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$405,918 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $220,935 |
1.0%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,502,508 |
7.1%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $180,867,670 | |
| Total Liabilities | $360,553 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Jessica Schlee Gilbert (Trustee Director) | $0 | $0 | $0 |
| James Doherty (Trustee Director) | $0 | $0 | $0 |
| Allstate New Jersey Insurance (Institutional Trustee) | $0 | $0 | $0 |
Document Links
990
Filed on Nov. 15, 2017Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2015
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$43,335,414
Expenses
$20,662,803
Net Income
$22,672,611
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $42,420,117 |
97.9%
|
| Investment Income | $1,216,245 |
2.8%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$300,948 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $243,018 |
1.2%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,134,543 |
5.5%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $165,809,138 | |
| Total Liabilities | $440,250 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Jessica Schlee Gilbert (Trustee Director) | $0 | $0 | $0 |
| James Doherty (Trustee Director) | $0 | $0 | $0 |
| Allstate New Jersey Insurance (Institutional Trustee) | $0 | $0 | $0 |
Document Links
990
Filed on Nov. 2, 2016Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2014
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$37,795,511
Expenses
$23,419,587
Net Income
$14,375,924
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $37,193,923 |
98.4%
|
| Investment Income | $910,161 |
2.4%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$308,573 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $217,378 |
0.9%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $994,596 |
4.2%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $143,115,285 | |
| Total Liabilities | $419,008 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Robert Zetterstrom (Trustee Director) | $0 | $0 | $0 |
| James Doherty (Trustee Director) | $0 | $0 | $0 |
| Allstate New Jersey Insurance (Institutional Trustee) | $0 | $0 | $0 |
Document Links
990
Filed on Nov. 2, 2015Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2013
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$41,171,785
Expenses
$18,401,910
Net Income
$22,769,875
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $40,649,088 |
98.7%
|
| Investment Income | $695,341 |
1.7%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$172,644 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $163,880 |
0.9%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $955,596 |
5.2%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $128,482,821 | |
| Total Liabilities | $162,468 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Robert Zetterstrom (Trustee Director) | $0 | $0 | $0 |
| Kent Jones (Trustee Director) | $0 | $0 | $0 |
| Allstate New Jersey Insurance Compa (Institutional Trustee) | $0 | $0 | $0 |
Document Links
990
Filed on Nov. 11, 2014Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2012
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$31,065,139
Expenses
$15,965,586
Net Income
$15,099,553
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $30,688,097 |
98.8%
|
| Investment Income | $673,138 |
2.2%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$296,096 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $118,943 |
0.7%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $731,290 |
4.6%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $105,667,987 | |
| Total Liabilities | $117,509 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2011
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$45,357,167
Expenses
$17,031,905
Net Income
$28,325,262
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $45,014,718 |
99.2%
|
| Investment Income | $475,092 |
1.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$132,643 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $82,199 |
0.5%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $741,455 |
4.4%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $90,621,363 | |
| Total Liabilities | $170,438 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2010
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$76,781,368
Expenses
$14,655,705
Net Income
$62,125,663
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $76,757,119 |
100.0%
|
| Investment Income | $41,667 |
0.1%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$17,418 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $69,080 |
0.5%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $571,095 |
3.9%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $62,211,054 | |
| Total Liabilities | $85,391 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
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.