Philadelphia Federation Of Teachers Health & Welfare
- Assets
- $37.9m
- Revenue
- $56.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Philadelphia, PA
- Founding
- 12/1972
- Data as of
- 08/2021
- EIN
- 23-1874001
Organization Overview
Philadelphia Federation Of Teachers Health & Welfare is located in Philadelphia, PA. The organization was established in 1972. 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 08/2021, Philadelphia Federation Of Teachers Health & Welfare employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Federation Of Teachers Health & Welfare is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 08/2021, Philadelphia Federation Of Teachers Health & Welfare generated $56.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $62.5m during the year ending 08/2021. 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 SERVICES AND BENEFITS TO THE EMPLOYEES OF THE PHILADELPHIA SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPLEMENTAL HEALTH BENEFITS PROGRAM TO APPROXIMATELY 20,000 MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosalind Jones-Johnson Education Director | 40 | $119,110 | |
Arthur G Steinberg Chief Trustee | Trustee | 1 | $19,846 |
Jerry T Jordan Trustee | Trustee | 1 | $0 |
Daniel Dimartino Trustee | Trustee | 1 | $0 |
Larisa Shambaugh Trustee | Trustee | 1 | $0 |
Emily Adeshigbin Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Labor First Retired Premiums | 8/30/21 | $15,045,711 |
United Concordia Dental Care | 8/30/21 | $5,653,688 |
Ohcs Asbestos Testing | 8/30/21 | $492,200 |
Capital Rx Prescription | 8/30/21 | $39,907,001 |
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 | $55,825,381 |
| Investment income | $274,382 |
| 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 | $56,422,028 |
| 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 | $56,760,396 |
| 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 | $1,220,795 |
| Pension plan accruals and contributions | $133,891 |
| Other employee benefits | $690,030 |
| Payroll taxes | $88,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,508 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,945 |
| Advertising and promotion | $0 |
| Office expenses | $176,710 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $856,966 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,182 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299 |
| Insurance | $37,277 |
| All other expenses | $42,021 |
| Total functional expenses | $62,482,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,783,783 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,629,802 |
| 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 | $40,987 |
| Net Land, buildings, and equipment | $2,567 |
| Investments—publicly traded securities | $16,434,800 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,891,939 |
| Accounts payable and accrued expenses | $6,615,181 |
| 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 | $3,166,557 |
| Total liabilities | $9,781,738 |
| Net assets without donor restrictions | $28,110,201 |
| 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 | $37,891,939 |