Bayport-Blue Point Employees Benefit Trust Fund
- Assets
- $129.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bayport, NY
- Founding
- 11/2017
- Data as of
- 08/2024
- EIN
- 32-0521499
Organization Overview
Bayport-Blue Point Employees Benefit Trust Fund is located in Bayport, NY. The organization was established in 2017. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayport-Blue Point Employees 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 08/2024, Bayport-Blue Point Employees Benefit Trust Fund generated $54.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $44.0k during the year ending 08/2024. While expenses have increased by 5.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO COLLECT FUNDS TO PROVIDE BENEFIT PLANS TO PARTICIPANTS, THEIR DEPENDENTS AND BENEFICIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Iberger Chairman | 1 | $0 | |
Vincent Ungaro Secretary | 1 | $0 | |
Louis Frontario Treasurer | 1 | $0 | |
Timothy Hearney Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $51,550 |
| Investment income | $3,168 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54,718 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $40,415 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,005 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,600 |
| Total expenses | $44,020 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $129,573 |
| Other assets | $0 |
| Total assets | $129,573 |
| Total liabilities | $0 |
| Net assets or fund balances | $129,573 |