Storeworkers Security Plan
- Assets
- $6.1m
- Revenue
- $242.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Astoria, NY
- Founding
- 04/1953
- Data as of
- 01/2023
- EIN
- 13-6162367
Organization Overview
Storeworkers Security Plan is located in Astoria, NY. The organization was established in 1953. According to its NTEE Classification (I99) the organization is classified as: Crime & Legal-Related N.E.C., under the broad grouping of Crime & Legal-Related and related organizations. As of 01/2023, Storeworkers Security Plan employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storeworkers Security Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 01/2023, Storeworkers Security Plan generated $242.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $1.0m during the year ending 01/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND RELATED BENEFITS COVERAGE TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH AND RELATED BENEFITS COVERAGE TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaun Kavanagh Trustee | Trustee | 5 | $0 |
Helena Gubelman Trustee | Trustee | 5 | $0 |
Brenda Moses Trustee | Trustee | 5 | $0 |
Eileen Boland Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,000 |
| 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 | $21,000 |
| Total Program Service Revenue | $137,518 |
| Investment income | $148,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$101,948 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,524 |
| 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 | $436,628 |
| 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 | $288,932 |
| Pension plan accruals and contributions | $26,692 |
| Other employee benefits | $19,947 |
| Payroll taxes | $22,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,616 |
| Fees for services: Accounting | $25,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,479 |
| Fees for services: Other | $25,000 |
| Advertising and promotion | $0 |
| Office expenses | $43,017 |
| Information technology | $35,092 |
| Royalties | $0 |
| Occupancy | $5,236 |
| Travel | $58 |
| 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 | $2,600 |
| Insurance | $17,356 |
| All other expenses | $0 |
| Total functional expenses | $1,025,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,056 |
| Savings and temporary cash investments | $43,888 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,622 |
| 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 | $8,322 |
| Net Land, buildings, and equipment | $2,416 |
| Investments—publicly traded securities | $5,855,647 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,565 |
| Total assets | $6,070,516 |
| Accounts payable and accrued expenses | $34,423 |
| 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 | $255,427 |
| Total liabilities | $289,850 |
| 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 | $5,780,666 |
| Total liabilities and net assets/fund balances | $6,070,516 |