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LOCAL 282 WELFARE TRUST FUND

LAKE SUCCESS, NY · EIN 116244552 · Form 990 · FY2024 · Very Large (>$50M) · teamsterslocal282.com
revenue
$128.3M
expenses
$136.7M
net assets
$154.5M
employees
40
program ratio
0%
mission · from form 990

TO PROVIDE HEALTH, WELFARE AND OTHER BENEFITS TO PLAN PARTICIPANTS.

profile · synthesized from sources

Teamsters Local 282 is a labor union representing construction and building materials workers in the greater New York area. It advocates for workers' rights, negotiates collective bargaining agreements, and administers benefits including health, welfare, and pension plans for its members. The union also supports members through programs like mortgage assistance, identity theft protection, and scholarship opportunities.

named programs · 5 · from sources

What they call their work

Identity Fraud Services
Provides identity theft protection and resolution services to members through a partnership with ID Resolution
Local 282 Scholarship Dinner Dance
Hosts an annual event to award scholarships to members' children and dependents
Retiree Club
Supports retired members through social engagement and access to retiree dental insurance
SafeGuard Advantage Program
Provides debt resolution and homeownership advice to union members
Union Plus Mortgage Assistance
Offers interest-free loans and grants to help members make mortgage payments during income loss due to disability, unemployment, lockout, or strike
activities · 7 groups

What they do

  • Union and Association Benefit Funds 1 activity
    • Administers health, welfare, and retirement benefits for union members
      Provides health, welfare, and retiree dental insurance benefits to plan participants, including distribution of enrollment materials and access to IRS Form 1095-B for tax reporting purposes.
  • Student Milestone Ceremonies & Events 1 activity
    • Hosts scholarship events for union members and their families
      Organizes periodic scholarship luncheons and dinner dances, such as events in 2018, 2023, and 2025, to support student scholarships for members’ dependents.
  • Union Dues Collection and Administration 1 activity
    • Manages union membership administrative processes
      Processes member withdrawals, re-initiations, and associated fees, including collection of dues, strike fund contributions, and a 50-cent processing fee for honorable withdrawal cards.
  • First-Time Homebuyer Support Services 1 activity
    • Offers financial and personal support services to members
      Provides access to debt resolution counseling, homeownership assistance, identity fraud resolution services, and mortgage assistance, including over $12 million distributed through the Union Plus Mortgage Assistance program.
  • Community Festival & Event Production 1 activity
    • Participates in labor movement public engagements
      Takes part in public labor events such as the Labor Day Parade in 2022 and 2024 to represent the union and its members.
  • Emergency Ambulance & Medical Response 1 activity
    • Supported post-9/11 recovery and rebuilding efforts
      Participated in rescue operations and reconstruction at the World Trade Center site following the September 11 attacks.
  • Uncategorized 3 activities
    • Contributed labor to major regional construction projects
      Provided skilled labor for landmark buildings and large-scale construction efforts across the greater New York area, including the Manhattan skyline and post-war Long Island developments.
    • Engaged in historical labor advocacy to secure worker protections
      Won a 44-hour workweek without pay reduction during the Great Depression through a citywide strike and ensured returning WWII veterans retained job seniority.
    • Sold union-made apparel
      Offers apparel produced in the United States using union labor, promoting domestic and union-based manufacturing.
financials · form 990 · fy2024
revenue
Total revenue$128.28M
Contributions & grants$00%
Program service revenue$103.16M80%
Investment income$11.96M9%
Other revenue$13.16M
expenses
Total expenses$136.74M
Program expenses0%
Admin / overhead0%
Fundraising0%
Salaries & benefits$5.57M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$184.71M
Cash$19.00M
Investments$135.60M
Liabilities$30.17M
Net assets$154.54M
Liquid reserves13.6 mo
3 years on record · 2020–2024 · YoY revenue +22.6%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 6
NameTitleHours/wkCompensation
MARIO BULDING FUND MANAGER 18 $435K
THOMAS ZULTKO INSTRUCTOR 0 $233K
Hong Ying Li Controller 16 $173K
Ho Y Ho Payroll auditor 16 $168K
OCTAVIA MALONE Pension Clerk 0 $165K
PATRICK SHURE Accounts Payable 32 $164K
board members · 10
  • DARIN JEFFERS — Trustee
  • FRANK FINKEL — Trustee
  • LOUIS BISIGNANO — Trustee
  • MARC HERBST — Trustee
  • MICHAEL BOURGAL JR — Trustee
  • MICHAEL O'TOOLE — Trustee
  • ROBERT G WESSELS — Trustee
  • ROCCO TOMASSETTI SR — Trustee
  • THOMAS CORBETT — Trustee
  • THOMAS GESUALDI — Trustee
relationships · 7

Who they work with

  • AFL-CIO Government — Union benefits are administered under AFL-CIO programs in partnership with Wells Fargo.
  • ID Resolution Partner — Partner organization providing identity fraud resolution services to union members.
  • International Brotherhood of Teamsters Network — Local 282 is a local chapter within the International Brotherhood of Teamsters union network.
  • NY Life Partner — Partner organization offering Whole Life Insurance with Chronic Care benefits to Local 282 members.
  • Perfect Printing Solutions Partner — Vendor responsible for fulfilling orders of Local 282 apparel.
  • Teamsters International Network — Local 282 is part of the International Brotherhood of Teamsters, with its president elected as an International Vice President At-Large.
  • Wells Fargo N.A. Partner — Administers the Union Plus Mortgage Assistance benefits for union members.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Collective Bargaining Benefits Delivery
    methodology: collective_bargaining_benefits
    By operating a trust fund that delivers health and welfare benefits as part of collective bargaining agreements, the organization ensures stable, negotiated access to essential services, because legally binding labor agreements secure long-term member support and accountability.
  • Income-Loss Mortgage Protection
    methodology: housing_stability_during_income_loss
    By offering interest-free loans and grants during periods of income disruption, the organization prevents housing instability among union members, because timely financial intervention preserves homeownership and reduces economic stress during crises.
  • Integrated Benefits Model
    methodology: integrated_benefits_model
    By linking life insurance with chronic care coverage, the organization provides holistic financial and health protection to members, because integrated benefits reduce gaps in long-term support and improve overall well-being.