New York State United Teachers Member Benefits Tr
- Assets
- $92.2m
- Revenue
- $15.6m
- Investments
- $20.1m
- Employees
- 0
- Location
- Latham, NY
- Founding
- 11/1984
- Data as of
- 08/2023
- EIN
- 22-2480854
Organization Overview
New York State United Teachers Member Benefits Tr is located in Latham, NY. The organization was established in 1984. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York State United Teachers Member Benefits Tr is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, New York State United Teachers Member Benefits Tr generated $15.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $12.4m during the year ending 08/2023. While expenses have increased by 3.6% per year over the past 8 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 BE FIRST AND FOREMOST IN MINDS OF MEMBERS WHEN IT COMES TO INSURANCE, FINANCIAL, LEGAL AND OTHER SERVICES. THIS WILL OCCUR BY ENDORSING QUALITY PROGRAMS THAT ARE COMPETITIVELY PRICED AND ARE DESIGNED TO PROVIDE FINANCIAL EDUCATION AND SECURITY FOR MEMBERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEER SUPPORT LINETHE PEER SUPPORT LINE, AVAILABLE THROUGH RUTGERS UNIVERSITY BEHAVIORAL HEALTH CARE, IS A CONFIDENTIAL HELPLINE PROVIDED AT NO COST TO ALL NYSUT MEMBERS AND THEIR FAMILIES. STAFFED BY TRAINED IN-SERVICE AND RETIRED INDIVIDUALS WHO UNDERSTAND THE UNIQUE PROFESSIONAL AND PERSONAL CHALLENGES OF NYSUT MEMBERS, THE PEER SUPPORT LINE CAN PROVIDE ANSWERS, RESOURCES, AND EMPATHETIC SUPPORT WHEN IT IS NEEDED.
LEGAL ASSISTANCE PLANTHE LEGAL ASSISTANCE PLAN IS AVAILABLE AT NO COST TO NYSUT MEMBERS IN A NON-FULL DUES CATEGORY OR SPLIT DUES CATEGORY. PROVIDED BY THE LAW FIRM OF FELDMAN, KRAMER & MONACO, P.C., THIS PLAN PROVIDES ELIGIBLE MEMBERS WITH FREE TELEPHONE ACCESS TO ATTORNEYS AS WELL AS A LIMITED NUMBER OF LEGAL DOCUMENTS.
PREMIUM CALM SERVICETHE PREMIUM CALM SUBSCRIPTION PROVIDES ALL NYSUT IN-SERVICE AND RETIREE MEMBERS WITH UNLIMITED FREE ACCESS TO THE FULL LIBRARY OF SLEEP, MEDITATION, AND RELAXATION CONTENT AT CALM.COM AND IN THE CALM APP, WHICH CAN BE UTILIZED VIA A DESKTOP, LAPTOP, TABLET, OR MOBILE DEVICE (IOS OR ANDROID). MEMBERS CAN ADD UP TO FIVE DEPENDENTS (AGE 16 OR OLDER) TO RECEIVE THEIR OWN PREMIUM CALM SUBSCRIPTION.
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 |
|---|---|---|---|
Roderick Sherman Trustee-Secretary | OfficerTrustee | 2 | $0 |
Loretta Donlon Trustee | Trustee | 2 | $0 |
Natalie Mckay Trustee | Trustee | 2 | $0 |
Kevin Peterman Trustee | Trustee | 2 | $0 |
Anthony Nicodemo Trustee | Trustee | 2 | $0 |
Amber Chandler Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davis Vision Claims & Premium Processing | 8/30/23 | $202,244 |
Benchemark Printing Inc Printing | 8/30/23 | $583,192 |
Pj Green Printing | 8/30/23 | $202,720 |
Rutgers Health-university Behavioral Hea Consultant | 8/30/23 | $607,696 |
Stacey Braun Associates Inc Investment Advisor | 8/30/23 | $195,840 |
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 | $4,920,975 |
| Investment income | $2,251,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$252,818 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,581,239 |
| 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 | $5,183,172 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,131,606 |
| Pension plan accruals and contributions | $768,224 |
| Other employee benefits | $207,067 |
| Payroll taxes | $181,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,179 |
| Fees for services: Accounting | $55,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $298,115 |
| Fees for services: Other | $562,348 |
| Advertising and promotion | $1,242,339 |
| Office expenses | $75,119 |
| Information technology | $849,074 |
| Royalties | $0 |
| Occupancy | $347,549 |
| Travel | $20,650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,003 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,589 |
| Insurance | $130,203 |
| All other expenses | $0 |
| Total functional expenses | $12,375,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,259,824 |
| Savings and temporary cash investments | $6,955,734 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,299,657 |
| 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 | $105,136 |
| Net Land, buildings, and equipment | $6,470 |
| Investments—publicly traded securities | $56,998,330 |
| Investments—other securities | $20,055,095 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $518,715 |
| Total assets | $92,198,961 |
| Accounts payable and accrued expenses | $11,627,098 |
| 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 | $27,725,793 |
| Total liabilities | $39,352,891 |
| 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 | $52,846,070 |
| Total liabilities and net assets/fund balances | $92,198,961 |