Local 1199 Hospital League Health Care Industry Job Security Fund

Organization Overview

Local 1199 Hospital League Health Care Industry Job Security Fund is located in New York, NY. The organization was established in 1994. 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. Local 1199 Hospital League Health Care Industry Job Security Fund 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, Local 1199 Hospital League Health Care Industry Job Security Fund generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $7.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 8 years. 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

THE FUND PROVIDES VARIOUS BENEFITS AND SERVICES FOR PARTICIPANTS WHO ARE LAID OFF FROM EMPLOYMENT. FOR MORE INFORMATION, SEE PART III.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THOUGH THE FUND DOES NOT UNDERTAKE PROGRAM SERVICES AND DOES NOT REPORT ANY EXPENSES ON FORM 990, PART IX, COL (B), THE FUND PROVIDES RETRAINING BENEFITS, UNEMPLOYMENT BENEFITS, JOB SECURITY AND JOB PLACEMENT SERVICES FOR PARTICIPANTS WHO ARE LAID OFF FROM EMPLOYMENT BY AN EMPLOYER SUBJECT TO A COLLECTIVE BARGAINING ARGEEMENT ENTERED INTO BETWEEN 1199SEIU NEW YORK'S HEALTH AND HUMAN SERVICES UNION, AFL-CIO (THE UNION") AND THE LEAGUE OF VOLUNTARY HOSPITAL AND HOMES OF NEW YORK AND THE ARCHDIOCESE OF NEW YORK (COLLECTIVELY, THE "LEAGUE") OR OTHER INSTITUTIONS ("OTHERS").


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Board, Officers & Key Employees

Name (title)Compensation
Chris Berner
Employer Trustee
$0
David Brosky
Employer Trustee
$0
Jeffrey Cohen
Employer Trustee
$0
Rebecca Gordon
Former Employer Trustee
$0
Barbara Green PHD
Employer Trustee
$0
Barbara Logan
Employer Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Vanguard Group Staffing
Other Services
$181,309
Queens Training Center Inc
Other Services
$112,475
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$5,345,796
Investment income $0
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 $5,613,667

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