Health & Benefits Trusr Fund Iuoe
- Assets
- $504.7m
- Revenue
- $205.1m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 02/1991
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Health & Benefits Trusr Fund Iuoe generated $205.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $154.3m during the year ending 12/2021. While expenses have increased by 5.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Faranda Executive Dir. | Officer | 28 | $246,365 |
Sandra Chin CFO | 22 | $185,007 | |
Kathryn Fisler Fund Admin | Officer | 39 | $164,823 |
Keith Winick Health & Wellness Coord | 40 | $110,088 | |
Annette Hassell Asst Fund Admin | 40 | $105,063 | |
Kuba Brown Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Congress Asset Management Investment Mgmt | 12/30/21 | $630,272 |
Empire Healthchoice Assurance Inc Claims Processing | 12/30/21 | $3,544,975 |
Schultheis & Panettieri Llp Auditing | 12/30/21 | $418,687 |
The Segal Company Consulting | 12/30/21 | $188,440 |
Seledent Claims Processing | 12/30/21 | $199,818 |
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 | $176,524,236 |
| Investment income | $11,481,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,990,375 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,106,745 |
| 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 | $150,191,135 |
| Compensation of current officers, directors, key employees. | $576,562 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $667,396 |
| Pension plan accruals and contributions | $273,392 |
| Other employee benefits | $160,460 |
| Payroll taxes | $71,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $186,336 |
| Fees for services: Accounting | $258,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,066,186 |
| Fees for services: Other | $186,278 |
| Advertising and promotion | $0 |
| Office expenses | $147,959 |
| Information technology | $161,993 |
| 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 | $53,335 |
| Insurance | $64,736 |
| All other expenses | $92,681 |
| Total functional expenses | $154,292,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,624,471 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,794,409 |
| 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 | $243,730 |
| Net Land, buildings, and equipment | $86,092 |
| Investments—publicly traded securities | $453,906,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,031 |
| Total assets | $504,706,967 |
| Accounts payable and accrued expenses | $832,670 |
| Grants payable | $0 |
| Deferred revenue | $597,340 |
| 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 | $18,495,001 |
| Total liabilities | $19,925,011 |
| 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 | $484,781,956 |
| Total liabilities and net assets/fund balances | $504,706,967 |