Bridge & Tunnel Officers Benevolent Assoc Family Protection Plan
- Assets
- $3.8m
- Revenue
- $3.6m
- Investments
- $323.4k
- Employees
- 2
- Location
- Massapequa, NY
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 13-3329865
Organization Overview
Bridge & Tunnel Officers Benevolent Assoc Family Protection Plan is located in Massapequa, NY. The organization was established in 1985. According to its NTEE Classification (I60) the organization is classified as: Law Enforcement, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Bridge & Tunnel Officers Benevolent Assoc Family Protection Plan employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge & Tunnel Officers Benevolent Assoc Family Protection Plan 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, Bridge & Tunnel Officers Benevolent Assoc Family Protection Plan generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. 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 PURPOSE OF THE ASSOCIATION IS TO ACQUIRE AND PROVIDE BENEFITS TO THE MEMBERS OF THE BRIDGE & TUNNEL OFFICERS UNION INCLUDING DENTAL, OPTICAL, PRESCRIPTION DRUG, LIFE AND DISABILITY INSURANCE, AND CERTAIN BASIC LEGAL SERVICES. THE ASSOCIATION IS FUNDED BY THE TRIBOROUGH BRIDGE & TUNNEL AUTHORITY OF NEW YORK, WHICH PAYS A STIPULATED AMOUNT FOR EACH ACTIVE AND RETIRED EMPLOYEE OF THE BRIDGE AND TUNNEL OFFICERS UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE ASSOCIATION IS TO ACQUIRE AND PROVIDE BENEFITS TO THE MEMBERS OF THE BRIDGE & TUNNEL OFFICERS UNION INCLUDING DENTAL, OPTICAL, PRESCRIPTION DRUG, LIFE AND DISABILITY INSURANCE, AND CERTAIN BASIC LEGAL SERVICES. THE ASSOCIATION IS FUNDED BY THE TRIBOROUGH BRIDGE & TUNNEL AUTHORITY OF NEW YORK, WHICH PAYS A STIPULATED AMOUNT FOR EACH ACTIVE AND RETIRED EMPLOYEE OF THE BRIDGE AND TUNNEL OFFICERS UNION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darnell Eason Chairman | 35 | $14,575 | |
Scott Denley 1st Vice Pres | Trustee | 1 | $0 |
Bryan Walsh Trustee | Trustee | 1 | $0 |
Anthony Barbato 2nd Vice Pres | Trustee | 1 | $0 |
Wayne Joseph President | Trustee | 1 | $0 |
Ricardo Cruz Acting Chairman | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benecard Pbf Member Benefits | 12/30/16 | $2,292,161 |
Anthem Life & Disability Insurance Co Member Benefits | 12/30/16 | $272,370 |
Dentcare Delivery System Inc Member Benefits | 12/30/16 | $615,352 |
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 | $3,009,291 |
| Investment income | $89,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $479,637 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,578,235 |
| 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 | $4,321,912 |
| Compensation of current officers, directors, key employees. | $14,575 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,753 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,792 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,619 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,870 |
| Information technology | $34,676 |
| Royalties | $0 |
| Occupancy | $7,200 |
| Travel | $1,853 |
| 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 | $346 |
| Insurance | $504 |
| All other expenses | $0 |
| Total functional expenses | $4,536,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $373,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,324 |
| 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 | $0 |
| Net Land, buildings, and equipment | $114 |
| Investments—publicly traded securities | $2,672,569 |
| Investments—other securities | $323,384 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $431,432 |
| Total assets | $3,839,752 |
| Accounts payable and accrued expenses | $5,346 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $536,283 |
| Total liabilities | $541,629 |
| Net assets without donor restrictions | $3,298,123 |
| 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 | $3,839,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uniformed Fire Officers Family Protection Plan New York, NY | $31,154,966 | $17,146,267 |
New York City Police Foundation Inc New York, NY | $15,470,390 | $7,956,906 |
Special And Superior Officers Benevolent Assoc Welfare Fun Lindenhurst, NY | $11,431,978 | $5,900,750 |
Bridge & Tunnel Officers Benevolent Assoc Family Protection Plan Massapequa, NY | $3,839,752 | $3,578,235 |
Greene County Emergency Medical Systems Inc Cairo, NY | $1,086,281 | $1,856,985 |
Court Officers Benevolent Assoc Of Nassau County Health & Welfare Carle Place, NY | $2,750,670 | $1,637,376 |
New York State Sheriffs Association Institute Inc Albany, NY | $2,034,443 | $1,848,236 |
Municipal Police Institute Inc South Grafton, MA | $1,943,914 | $1,786,887 |
State Troopers Nco Association Bordentown, NJ | $2,004,937 | $1,297,471 |
Special & Superior Officers Benevolent Association Lindenhurst, NY | $706,114 | $1,212,678 |
Rochester Police Benevolent Association Public Safety Building Rochester, NY | $27,198,754 | $1,585,076 |
Trooper Foundation State Of New York Inc Latham, NY | $2,189,117 | $913,307 |