Farmingdale Federation Of Teachers Benefit Fund
- Assets
- $1.3m
- Revenue
- $994.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmingdale, NY
- Founding
- 05/1975
- Data as of
- 08/2021
- EIN
- 11-2352476
Organization Overview
Farmingdale Federation Of Teachers Benefit Fund is located in Farmingdale, NY. The organization was established in 1975. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmingdale Federation Of Teachers 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 08/2021, Farmingdale Federation Of Teachers Benefit Fund generated $994.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $893.6k during the year ending 08/2021. While expenses have increased by 1.8% per year over the past 6 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
THE ORGANIZATION PROVIDES DENTAL, VISION AND INSURANCE BENEFITS TO MEMBERS OF THE FARMINGDALE FEDERATION OF TEACHERS. THE AVERAGE NUMBER OF MEMBERS THAT RECEIVED DENTAL, VISION, AND LIFE INSURANCE BENEFITS DURING THE FISCAL YEAR WAS 725.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFITS PROVIDED TO OR FOR MEMBERS OF THE FARMINGDALE FEDERATION OF TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Krell Chairman | OfficerTrustee | 5 | $0 |
Claire Zatorski Trustee | Trustee | 5 | $0 |
Candice Collazo Trustee | Trustee | 5 | $0 |
Cordelia Anthony Trustee | Trustee | 5 | $0 |
Donna Scheuerer 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 | $973,483 |
| Investment income | $19,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,282 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $993,955 |
| 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 | $803,939 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,313 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $39 |
| 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 | $0 |
| Insurance | $4,745 |
| All other expenses | $12,167 |
| Total functional expenses | $893,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,103 |
| Savings and temporary cash investments | $101,439 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,424 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,153,930 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,311,896 |
| Accounts payable and accrued expenses | $3,900 |
| Grants payable | $0 |
| Deferred revenue | $77,884 |
| 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 | $145,000 |
| Total liabilities | $226,784 |
| Net assets without donor restrictions | $1,085,112 |
| 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 | $1,311,896 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania State Education Association P S E A Harrisburg, PA | $182,856,842 | $77,031,675 |
St Thomas Aquinas College Sparkill, NY | $109,572,323 | $32,266,792 |
United Federation Of Teachers Health Care Chapter Bene New York, NY | $44,363,289 | $35,536,855 |
New Jersey Education Association Trenton, NJ | $44,298,969 | $35,727,105 |
Educators For Excellence New York, NY | $11,862,127 | $12,667,542 |
Society Of Hospital Medicine Philadelphia, PA | $18,912,774 | $11,282,806 |
New England Association Of Schools & Colleges Inc Lowell, MA | $16,030,739 | $7,781,290 |
Pennsylvania School Boards Association Inc Mechanicsburg, PA | $12,806,871 | $8,442,070 |
National Association For Communitycollege Entrepreneurship Inc Springfield, MA | $6,289,800 | $9,180,513 |
Foundation For Educational Administration Monroe Twp, NJ | $7,493,691 | $6,007,495 |
National Association Of Colleges And Employers Bethlehem, PA | $16,581,342 | $8,504,625 |
Center For Educational Innovation New York, NY | $3,305,790 | $4,609,505 |