District Council 37 Benefits Fund Trust is located in New York, NY. The organization was established in 1981. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2022, District Council 37 Benefits Fund Trust employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. District Council 37 Benefits Fund Trust is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, District Council 37 Benefits Fund Trust generated $300.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $242.1m 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
COLLECTION AND DISTRIBUTION OF FUNDS TO OTHER RELATED TAX-EXEMPT HEALTH AND WELFARE BENEFIT PLANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION AND DISTRIBUTION OF FUNDS TO OTHER RELATED TAX-EXEMPT HEALTH AND WELFARE BENEFIT PLANS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Francisco Morales Superintendent | 35 | $102,803 | |
Juan Manzano Telephone System Manager | 35 | $101,599 | |
Jodi Goldman Assoc Admin | Officer | 5 | $0 |
Yvette D Charmant Controller | Officer | 10 | $0 |
William Bifulco - Eff 0521 Fund Admin | Officer | 5 | $0 |
Henry Garrido Trustee | Trustee | 5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
The Switzer Group Inc Architectural Serv | 6/29/22 | $3,326,911 |
Ja Jennings Inc Demolition Contract | 6/29/22 | $2,977,993 |
Hunter Roberts Construction Demolition Contract | 6/29/22 | $2,938,064 |
Deerfield Interiors Inc Contractor | 6/29/22 | $276,665 |
Avison Young Project Management Project Manager | 6/29/22 | $743,600 |
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 | $300,027,109 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $65,506 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $300,092,615 |
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 | $0 |
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 | $455,763 |
Pension plan accruals and contributions | $16,037 |
Other employee benefits | $184,634 |
Payroll taxes | $94,537 |
Fees for services: Management | $0 |
Fees for services: Legal | $97,145 |
Fees for services: Accounting | $65,125 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $297,578 |
Fees for services: Other | $39,084 |
Advertising and promotion | $0 |
Office expenses | $174,666 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $47,364 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,403 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $92,337 |
Insurance | $365,744 |
All other expenses | $0 |
Total functional expenses | $242,148,216 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $89,627,892 |
Savings and temporary cash investments | $1,326 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $37,712,495 |
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 | $1,196,073 |
Net Land, buildings, and equipment | $29,390,780 |
Investments—publicly traded securities | $0 |
Investments—other securities | $507,847,591 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $665,776,157 |
Accounts payable and accrued expenses | $4,110,434 |
Grants payable | $0 |
Deferred revenue | $5,352,161 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $12,146,783 |
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 | $64,278,411 |
Total liabilities | $85,887,789 |
Net assets without donor restrictions | $0 |
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 | $579,888,368 |
Total liabilities and net assets/fund balances | $665,776,157 |
Organization Name | Assets | Revenue |
---|---|---|
United Steelworkers Pittsburgh, PA | $1,591,184,108 | $562,332,613 |
New York Shipping Association Inc Edison, NJ | $171,986,612 | $322,473,763 |
Pennsylvania State Employees Credit Union Harrisburg, PA | $8,187,070,454 | $315,391,935 |
District Council 37 Benefits Fund Trust New York, NY | $665,776,157 | $300,092,615 |
United Welfare Fund Of Amalamated Local Union 355 New Rochelle, NY | $539,950,213 | $188,463,045 |
American Federation Of Teachers New York, NY | $209,373,902 | $197,092,067 |
New York State United Teachers Latham, NY | $251,223,515 | $162,951,138 |
Unite Here New York, NY | $279,468,324 | $95,510,033 |
Civil Service Employees Association Albany, NY | $359,396,505 | $153,849,987 |
Electrical Industry Board Of Nassau & Suffolk Counties New York Hauppauge, NY | $5,151,599 | $113,480,505 |
Service Employees International Local New York, NY | $34,489,521 | $108,760,817 |
Steamfitters Industry Welfare Fund Board Of Trustees Long Island City, NY | $135,023,453 | $84,135,128 |