Welfare Fund Heat and Frost Insulators Local 12
Revenue
$20m
year to 31 December 2024
Expenses
$17.2m
year to 31 December 2024
Total assets
$31.5m
$5.9m liabilities
Net assets
$25.6m
assets less liabilities
Directors and trustees
13
5.6 years on average
Staff
1
employees, year to 31 December 2024
Left since last filing
0
no seats appear to have opened
Officers and senior staff
4
named in Part VII
Welfare Fund Heat and Frost Insulators Local 12's network
13 people4 organisationsi13 people and 4 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (13). Violet dotted lines (16) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
13 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 10 voting members of its governing body on its latest Form 990 Part VI; we list 13 in Part VII (Part VII does not always name every voting member).| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Al Duranti | Employer Trustee | 2018 | 8 yrs |
| Brian Aull | Employer Trustee | 2023 | 3 yrs |
| Christopher Cook (also filed as Chris Cook) | Union Trustee | 2020 | 6 yrs |
| Christopher Grando (also filed as Chris Grando) | Employer Trustee | 2018 | 8 yrs |
| Donald Donnelly | Employer Trustee | 2018 | 8 yrs |
| John Jovic | Union Trustee | 2019 | 7 yrs |
| Mark Bayala | Union Trustee | 2023 | 3 yrs |
| Mattew Coyle - EFF 124 | Alt Employer Trustee | 2024 | 2 yrs |
| Nicholas Grgas (also filed as Nick Grgas) | Union Trustee | 2018 | 8 yrs |
| Octavio Soares | Alt Union Trustee | 2023 | 3 yrs |
| Richard Budinich - Thru 124 | Employer Trustee | 2024 | 2 yrs |
| Stephen McCann | Union Trustee | 2023 | 3 yrs |
| Timothy Hartnett (also filed as TIM Hartnett) | Employer Trustee | 2019 | 7 yrs |
Officers and senior leadership
4 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Albert Wassell | Fund Manager | since 2018 |
| Albert Wassell - Thru 1122 | Fund Manager | 2022 |
| Magali Avila - EFF 1122 | Interim Fund Manager | 2022 |
| Magali Avila -Thru 523 | Interim Fund Manager | 2023 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| John Jovic | Union Trustee | 1 | $0 | ||
| Christopher Cook | Union Trustee | 1 | $0 | ||
| Mark Bayala | Union Trustee | 1 | $0 | ||
| Nick Grgas | Union Trustee | 1 | $0 | ||
| Stephen McCann | Union Trustee | 1 | $0 | ||
| Octavio Soares | Alt Union Trustee | 1 | $0 | ||
| Richard Budinich - Thru 124 | Employer Trustee | 1 | $0 | ||
| Donald Donnelly | Employer Trustee | 1 | $0 | ||
| Al Duranti | Employer Trustee | 1 | $0 | ||
| Christopher Grando | Employer Trustee | 1 | $0 | ||
| Timothy Hartnett | Employer Trustee | 1 | $0 | ||
| Brian Aull | Employer Trustee | 1 | $0 | ||
| Mattew Coyle - Eff 124 | Alt Employer Trustee | 1 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Welfare Fund Heat and Frost Insulators Local 12
- EIN
- 116302784
- Address
- 3553 24th St, Long Is City, NY, 11106-4416
- State
- New York
- Mission
- Plan's purpose is to provide medical, vacation, hra and other benefits to eligible participants and their dependents. (as filed on the Form 990)
- IRS classification
- 501(c)09 (tax-exempt under section 501(c)(3) where shown)
- Size band
- 8 (IRS master file code)
- Formed
- 1950
- Principal officer
- John Sardo (as named on the Form 990)
- IRS ruling date
- 1 December 1988
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2024
Most connected
Related organisations (Schedule R)
RelatedLABOR UNIONInternational Association of Heat & Frost Insulators & Allied Workers LCL 1RelatedAPPRENTICE TRAINING BENEFITSApprentice Journeyworker Education Fund of Heat & Frost Insulators Local 12
Longest observed on the filings
≥8years on the filingsAl Duranti
≥8years on the filingsChristopher Grando
≥8years on the filingsDonald Donnelly
≥8years on the filingsNicholas Grgas
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $31.5m
- Total liabilities
- $5.9m
- Net assets or fund balances
- $25.6m
- Contributions and grants received
- $0
- Program service revenue
- $15.5m
- Employees
- 1
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $20m | $17.2m | $2.8m |
As filed on the IRS Form 990. US dollars.