Correction Officers Benevolent Association Security Benefits

Organization Overview

Correction Officers Benevolent Association Security Benefits is located in East Elmhurst, NY. The organization was established in 1964. 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. Correction Officers Benevolent Association Security Benefits 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, Correction Officers Benevolent Association Security Benefits generated $16.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $17.4m during the year ending 12/2021. While expenses have increased by 0.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE HEALTH AND WELFARE BENEFITS TO ALL ELIGIBLE MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 6,960 COVERED MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Benny Boscio Jr
Chairman
$0
Joseph Bracco
Trustee
$0
Glenn Morgan
Trustee
$0
Michael Maiello
Trustee
$0
Keisha Williams
Trustee
$0
Lionel Cumberbatch
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Karasyk Moschella Llp
Legal Service Benefit
$2,850,000
Joey Jackson Law Pllc
Legal Service Benefit
$2,280,000
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$16,249,585
Investment income $46,233
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 $16,478,813

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