Manhasset Education Association Trust Fund
- Assets
- $654.0k
- Revenue
- $435.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Manhasset, NY
- Founding
- 07/1992
- Data as of
- 06/2022
- EIN
- 11-6399998
Organization Overview
Manhasset Education Association Trust Fund is located in Manhasset, NY. The organization was established in 1992. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2022, Manhasset Education Association Trust Fund employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manhasset Education Association 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 06/2022, Manhasset Education Association Trust Fund generated $435.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $461.2k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH BENEFITS TO COVERED MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SUPPLEMENTAL HEALTH BENEFITS NOT COVERED BY EMPLOYER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Faraci Chairperson | Trustee | 10 | $10,220 |
Brian Katz Treasurer | Trustee | 8 | $6,321 |
Elizabeth O'shea Trustee | Trustee | 3 | $1,571 |
Clayton Puccio Trustee | OfficerTrustee | 2 | $1,231 |
Melinda Smith Chairman | OfficerTrustee | 3 | $1,231 |
Frank Russo Trustee | Trustee | 2 | $1,231 |
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 | $422,223 |
| Investment income | $10,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,593 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $435,285 |
| 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 | $397,408 |
| Compensation of current officers, directors, key employees. | $21,805 |
| 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 | $2,422 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,250 |
| Fees for services: Accounting | $1,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,076 |
| Fees for services: Other | $19,400 |
| Advertising and promotion | $0 |
| Office expenses | $7,463 |
| 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 | $669 |
| All other expenses | $0 |
| Total functional expenses | $461,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,097 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,649 |
| 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 | $4,173 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $567,076 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $653,995 |
| Accounts payable and accrued expenses | $13,596 |
| Grants payable | $0 |
| Deferred revenue | $48,210 |
| 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 | $78,901 |
| Total liabilities | $140,707 |
| Net assets without donor restrictions | $513,288 |
| 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 | $653,995 |
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 |