Sergents Benevolent Assn Health & Welfare Fund
- Assets
- $51.3m
- Revenue
- $24.9m
- Investments
- $5.5m
- Employees
- 11
- Location
- New York, NY
- Founding
- 04/1995
- Data as of
- 06/2021
- EIN
- 13-3704948
Organization Overview
Sergents Benevolent Assn Health & Welfare Fund is located in New York, NY. The organization was established in 1995. 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. As of 06/2021, Sergents Benevolent Assn Health & Welfare Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sergents Benevolent Assn Health & Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2021, Sergents Benevolent Assn Health & Welfare Fund generated $24.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $22.4m during the year ending 06/2021. While expenses have increased by 1.4% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPLEMENTAL HEATH BENEFITS TO COVERED MEMBERS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPLEMENTAL HEALTH BENEFITS TO COVERED MEMBERS AND THEIR DEPENDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Errol Ogman Benefit Fund | 38 | $114,000 | |
Dennis Ostermann Controller | 2 | $32,964 | |
Edward D Mullins Resigned Trustee (re | Trustee | 5 | $0 |
Vincent Vallelong Trustee | Trustee | 5 | $0 |
Edmund Small Trustee | Trustee | 5 | $0 |
Anthony Borelli Trustee | Trustee | 5 | $0 |
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 | $24,000,006 |
| Investment income | $560,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,900,715 |
| 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 | $20,843,660 |
| 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 | $630,158 |
| Pension plan accruals and contributions | $37,116 |
| Other employee benefits | $102,990 |
| Payroll taxes | $56,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $132,000 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,000 |
| Advertising and promotion | $0 |
| Office expenses | $12,020 |
| 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 | $4,365 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,148 |
| Insurance | $5,446 |
| All other expenses | $13 |
| Total functional expenses | $22,390,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,359,003 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,434,921 |
| 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 | $25,352 |
| Net Land, buildings, and equipment | $5,366 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,487,220 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,311,862 |
| Accounts payable and accrued expenses | $378,483 |
| Grants payable | $0 |
| Deferred revenue | $124,800 |
| 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 | $12,017,426 |
| Total liabilities | $12,520,709 |
| 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 | $38,791,153 |
| Total liabilities and net assets/fund balances | $51,311,862 |