New Paltz United Teachers Benefit Trust Fund is located in New Paltz, NY. The organization was established in 1998. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2022, New Paltz United Teachers Benefit Trust Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Paltz United Teachers Benefit Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2022, New Paltz United Teachers Benefit Trust Fund generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 3.0% 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
BENEFIT OF ELIGIBLE EMPLOYEES AND RETIREES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT OF BENEFITS FOR MEMBERS AS REQUIRED UNDER THE PLAN DOCUMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jonathan Stern Administrator | Trustee | 25 | $38,000 |
Kieran Bell Treasurer | OfficerTrustee | 20 | $22,000 |
Ronald Simon Asst. Administrator | Trustee | 15 | $20,000 |
Ron Noelle Administrative Asst. | Trustee | 5 | $7,500 |
Janice Pallus Administrative Asst. | Trustee | 12 | $5,000 |
Marc Knittel Trustee | Trustee | 2 | $1,000 |
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 | $1,312,392 |
Investment income | $8,584 |
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 | $1,320,976 |
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 | $1,115,795 |
Compensation of current officers, directors, key employees. | $98,000 |
Compensation of current officers, directors, key employees. | $98,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $8,403 |
Fees for services: Management | $0 |
Fees for services: Legal | $7,000 |
Fees for services: Accounting | $9,240 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $31,500 |
Advertising and promotion | $0 |
Office expenses | $3,681 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $5,400 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $571 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,821 |
All other expenses | $0 |
Total functional expenses | $1,283,197 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,056,986 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $19,454 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,578 |
Total assets | $1,079,018 |
Accounts payable and accrued expenses | $4,950 |
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 | $140,616 |
Total liabilities | $145,566 |
Net assets without donor restrictions | $933,452 |
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 | $1,079,018 |
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