Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy

Organization Overview

Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy is located in Valley Stream, NY. The organization was established in 1958. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2022, Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy generated $10.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $11.8m during the year ending 12/2022. While expenses have increased by 2.6% per year over the past 8 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE MEDICAL, HOSPITAL, SURGICAL, MAJOR MEDICAL, LIFE, DENTAL, OPTICAL, DISABILITY AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS AND, WHEREAPPLICABLE, MEDICAL CARE FOR THEIR FAMILIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE MEDICAL, HOSPITAL, SURGICAL, MAJOR MEDICAL, DENTAL, OPTICAL, DISABILITY AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS AND, WHERE APPLICABLE, MEDICAL CARE FOR THEIR FAMILIES. THE NUMBER OF PARTICIPANTS IS 2,673.


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Board, Officers & Key Employees

Name (title)Compensation
Cosmo Lubrano
Trustee
$0
Bryan Mccarthy ESQ
Trustee
$19,500
Joe Giovinco
Fund Administrator
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Dickinson Group Llc
Claims Processor & Consultant
$338,117
Empire Blue Cross Blue Shield
Claims Processor
$232,585
View All Vendors

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$10,517,178
Investment income $601,214
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$565,887
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,552,505

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