United Crafts Benefit Fund
- Assets
- $142.0m
- Revenue
- $30.6m
- Investments
- $83.3m
- Employees
- 4
- Location
- Williston Park, NY
- Founding
- 08/1973
- Data as of
- 12/2021
- EIN
- 11-2252603
Organization Overview
United Crafts Benefit Fund is located in Williston Park, NY. The organization was established in 1973. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, United Crafts Benefit Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Crafts Benefit Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, United Crafts Benefit Fund generated $30.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $29.2m during the year ending 12/2021. While expenses have increased by 8.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO NEGOTIATE AND PROVIDE VARIOUS MEDICAL BENEFITS TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEDICAL, HOSPITALIZATION, SURGICAL, DENTAL, OPTICAL AND DEATH BENEFITS IN CONJUNCTION WITH COLLECTIVE BARGAINING AGREEMENTS WITH UNITED CRAFTS & INDUSTRIAL WORKERS UNION LOCAL 91
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Sciortino Administrator | Officer | 40 | $172,100 |
Peter Scalzo Trustee | Trustee | 3 | $0 |
Daniel Wottawa Trustee | Trustee | 0.5 | $0 |
Joseph Pellettiere Trustee | Trustee | 0.5 | $0 |
Alfred Chiaino Trustee | Trustee | 0.5 | $0 |
Phil J Castrogiovanni Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $19,956,517 |
| Investment income | $3,164,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,781 |
| Net Gain/Loss on Asset Sales | $7,424,151 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,570,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $26,871,559 |
| Compensation of current officers, directors, key employees. | $172,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,736 |
| Pension plan accruals and contributions | $5,040 |
| Other employee benefits | $0 |
| Payroll taxes | $32,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,000 |
| Fees for services: Accounting | $26,326 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $318,768 |
| Fees for services: Other | $32,500 |
| Advertising and promotion | $0 |
| Office expenses | $18,582 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,705 |
| Insurance | $35,722 |
| All other expenses | $19,932 |
| Total functional expenses | $29,160,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $5,449,442 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,885,231 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $853,065 |
| Investments—publicly traded securities | $50,569,120 |
| Investments—other securities | $83,262,566 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,355 |
| Total assets | $142,020,781 |
| Accounts payable and accrued expenses | $3,329,562 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,329,562 |
| Net assets without donor restrictions | $138,691,219 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $142,020,781 |