United Teamster Fund
- Assets
- $16.1m
- Revenue
- $41.6m
- Investments
- $0.0
- Employees
- 18
- Location
- Brooklyn, NY
- Founding
- 03/1959
- Data as of
- 04/2022
- EIN
- 13-5549593
Organization Overview
United Teamster Fund is located in Brooklyn, NY. The organization was established in 1959. 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 04/2022, United Teamster Fund employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Teamster Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2022, United Teamster Fund generated $41.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $43.2m during the year ending 04/2022. While expenses have increased by 2.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE UNION MEMBERS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE UNION MEMBERS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Reich Fund Administrator | Officer | 40 | $165,000 |
Michael J Haft Accounting Supervisor | 40 | $118,082 | |
Bibi Amena Ahmad Bookkeeper | 40 | $116,965 | |
Belkis Henriquez Asst To Fund Administrator | 40 | $105,292 | |
Dhanrajee Khan Pension Coordinator | 40 | $102,590 | |
Daniel Kane Jr Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meritain Health Claims Administrator | 4/29/22 | $892,994 |
Dj O'grady Consultants Medical Consultant | 4/29/22 | $232,272 |
Cary Kane Pllc Legal Counsel | 4/29/22 | $112,650 |
Healthplex Dental Administration | 4/29/22 | $104,436 |
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 | $40,085,231 |
| Investment income | $139,311 |
| 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 | $41,629,568 |
| 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 | $39,732,926 |
| Compensation of current officers, directors, key employees. | $192,712 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,399,745 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $203,648 |
| Other employee benefits | $267,461 |
| Payroll taxes | $124,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $167,716 |
| Fees for services: Accounting | $136,137 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,990 |
| Advertising and promotion | $0 |
| Office expenses | $272,561 |
| Information technology | $109,191 |
| Royalties | $0 |
| Occupancy | $356,352 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,339 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,210 |
| Insurance | $97,624 |
| All other expenses | $0 |
| Total functional expenses | $43,170,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,300,551 |
| Savings and temporary cash investments | $535,683 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,898,961 |
| 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 | $262,601 |
| Net Land, buildings, and equipment | $57,918 |
| Investments—publicly traded securities | $7,028,389 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,084,103 |
| Accounts payable and accrued expenses | $52,583 |
| 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 | $4,765,239 |
| Total liabilities | $4,817,822 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $16,084,103 |