New Paltz United Teachers Benefit Trust Fund

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Jonathan Stern
Administrator
$38,000
Kieran Bell
Treasurer
$22,000
Ronald Simon
Asst. Administrator
$20,000
Ron Noelle
Administrative Asst.
$7,500
Janice Pallus
Administrative Asst.
$5,000
Marc Knittel
Trustee
$1,000

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$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

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