Health & Benefits Trusr Fund Iuoe
- Assets
- $569.8m
- Revenue
- $210.0m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 02/1991
- Data as of
- 12/2023
- EIN
- 13-6674743
Organization Overview
Health & Benefits Trusr Fund Iuoe is located in New York, NY. The organization was established in 1991. 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 12/2023, Health & Benefits Trusr Fund Iuoe employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health & Benefits Trusr Fund Iuoe is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Health & Benefits Trusr Fund Iuoe generated $210.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $175.5m during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS 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 |
|---|---|---|---|
William Faranda Executive Dir. | Officer | 28 | $260,694 |
Sandra Chin CFO | 22 | $196,017 | |
Derek Davis Fund Admin | Officer | 40 | $183,460 |
Annette Hassell Asst Fund Admin | 40 | $111,790 | |
Kuba Brown Trustee | Trustee | 1 | $0 |
Thomas Hart Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empire Healthchoice Assurance Inc Claims Processing | 12/30/23 | $2,345,162 |
Congress Asset Management Investment Mgmt | 12/30/23 | $504,616 |
Schultheis & Panettieri Llp Auditing | 12/30/23 | $331,579 |
Dataprise Computer Consulting | 12/30/23 | $255,724 |
Proskauer Rose Llp Legal Counsel | 12/30/23 | $248,450 |
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 | $201,657,201 |
| Investment income | $12,753,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,448,023 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,030,138 |
| 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 | $171,340,507 |
| Compensation of current officers, directors, key employees. | $620,921 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $680,837 |
| Pension plan accruals and contributions | $277,257 |
| Other employee benefits | $171,155 |
| Payroll taxes | $85,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $251,936 |
| Fees for services: Accounting | $206,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,156,911 |
| Fees for services: Other | $157,430 |
| Advertising and promotion | $0 |
| Office expenses | $184,020 |
| Information technology | $172,595 |
| Royalties | $0 |
| Occupancy | $134,400 |
| Travel | $0 |
| 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 | $23,143 |
| Insurance | $80,576 |
| All other expenses | -$36,263 |
| Total functional expenses | $175,507,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,472,539 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,472,662 |
| 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 | $253,789 |
| Net Land, buildings, and equipment | $55,496 |
| Investments—publicly traded securities | $512,521,012 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,033 |
| Total assets | $569,780,531 |
| Accounts payable and accrued expenses | $742,482 |
| Grants payable | $0 |
| Deferred revenue | $581,663 |
| 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 | $18,139,717 |
| Total liabilities | $19,463,862 |
| 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 | $550,316,669 |
| Total liabilities and net assets/fund balances | $569,780,531 |