Hollow Metal Trust Fund

Organization Overview

Hollow Metal Trust Fund is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Hollow Metal Trust Fund employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hollow Metal Trust 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, Hollow Metal Trust Fund generated $12.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $13.3m during the year ending 12/2021. While expenses have increased by 5.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDES MEDICAL, SURGICAL, HOSPITALIZATION, PRESCRIPTION, DENTAL, OPTICAL, DISABILITY AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISBURSEMENT FOR MEDICAL, PRESCRIPTION, DENTAL, OPTICAL, DISABILITY AND DEATH BENEFIT CLAIMS SUBMITTED BY QUALIFIED COVERED EMPLOYEES OF UNIONS AFFILIATED WITH THE TRUST.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sele-dent
Claims Administration
$153,751
Empire Healthchoice Assurance Inc
Claims Administration
$373,954
C & R Consulting Inc
Claims Administration
$145,268
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $69,200
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$69,200
Total Program Service Revenue$8,371,795
Investment income $779,681
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,402,309
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,661,866

Peer Organizations

Organization NameAssets
Jader Trust 4
New York, NY
$157,383,970
Rockefeller Family Fund Inc
New York, NY
$43,772,368
Shapiro-Silverberg Foundation
New York, NY
$24,069,378
Hess Philanthropic Fund
New York, NY
$32,591,174
Edith L Trees Charitable Trust
Pittsburgh, PA
$23,983,044
Natural Heritage Trust
Albany, NY
$23,861,363
Hollow Metal Trust Fund
New York, NY
$12,661,866
Halvorsen Family Foundation
Greenwich, CT
$4,015,208
Adp Foundation
Roseland, NJ
$20,725,290
Lynch Foundation
Boston, MA
$42,142,694
Foundation Berma
New York, NY
$33,382,644
Bam Endowment Trust
Brooklyn, NY
$5,566,840

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