Division 1181 Atu - New York Employees Welfare Fund And Plan
- Assets
- $78.1m
- Revenue
- $118.2m
- Investments
- $0.0
- Employees
- 29
- Location
- Valley Stream, NY
- Founding
- 10/1970
- Data as of
- 12/2021
- EIN
- 23-7255573
Organization Overview
Division 1181 Atu - New York Employees Welfare Fund And Plan is located in Valley Stream, NY. The organization was established in 1970. 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, Division 1181 Atu - New York Employees Welfare Fund And Plan employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Division 1181 Atu - New York Employees Welfare Fund And Plan 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, Division 1181 Atu - New York Employees Welfare Fund And Plan generated $118.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $95.5m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUND'S PARTICIPANTS WITH HEALTH & WELFARE BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS. THE NUMBER OF PARTICIPANTS WAS APPROXIMATELY 9,261.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert D'ulisse Fund Director | Officer | 33 | $200,218 |
Vincent Zito Controller | Officer | 27 | $159,841 |
James P Hedge Union Trustee | Trustee | 2 | $16,639 |
Neil Strahl Employer Trustee-Secretary | Trustee | 4 | $0 |
Jean-Claude Calixte Union Trustee | Trustee | 3 | $0 |
Neil Mancuso Employer Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empire Healthchoice Assurance Inc Third Party Benefit Administrator | 12/30/21 | $2,581,901 |
Payer Matrix Benefit Management | 12/30/21 | $829,199 |
C&r Consulting Benefit Management | 12/30/21 | $263,740 |
Express Scripts Pharmaceutical Benefit Management | 12/30/21 | $214,926 |
Buchbinder Tunick & Co Llp Accounting And Audit Services | 12/30/21 | $157,620 |
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 | $116,094,710 |
| Investment income | $643,298 |
| 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 | $118,165,970 |
| 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 | $91,475,637 |
| Compensation of current officers, directors, key employees. | $376,698 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,663,125 |
| Pension plan accruals and contributions | $83,322 |
| Other employee benefits | $459,569 |
| Payroll taxes | $158,071 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $213,586 |
| Fees for services: Accounting | $157,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,411 |
| Fees for services: Other | $40,500 |
| Advertising and promotion | $0 |
| Office expenses | $263,547 |
| Information technology | $61,116 |
| Royalties | $0 |
| Occupancy | $242,692 |
| 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 | $19,877 |
| Insurance | $61,296 |
| All other expenses | $0 |
| Total functional expenses | $95,533,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,337,721 |
| Savings and temporary cash investments | $21,048,393 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,222,707 |
| 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 | $19,042 |
| Net Land, buildings, and equipment | $63,528 |
| Investments—publicly traded securities | $52,337,235 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,526 |
| Total assets | $78,112,152 |
| Accounts payable and accrued expenses | $838,753 |
| 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 | $546,775 |
| Other liabilities | $31,067 |
| Total liabilities | $1,416,595 |
| 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 | $76,695,557 |
| Total liabilities and net assets/fund balances | $78,112,152 |