New York State Teamsters Council - Ups Retiree Health Fund is located in Syracuse, NY. The organization was established in 2015. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., 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. New York State Teamsters Council - Ups Retiree Health Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, New York State Teamsters Council - Ups Retiree Health Fund generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $6.7m during the year ending 12/2021. While expenses have increased by 27.9% 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
THE PLAN PROVIDES POST-RETIREMENT BENEFITS FOR ELIGIBLE RETIRED UPS EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN IS A POST-RETIREMENT BENEFIT FUND ESTABLISHED FOR THE BENEFIT OF ELIGIBLE RETIRED UPS EMPLOYEES. THE PLAN PROVIDES POST-RETIREMENT HEALTH AND RELATED BENEFITS, INCLUDING HOSPITAL, SURGICAL, MEDICAL, PRESCRIPTION, DENTAL, AND VISION CARE TO ELIGIBLE PARTICIPANTS INCLUDING THEIR ELIGIBLE SPOUSES AND UNMARRIED DEPENDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kenneth Stilwell Executive Administrator | Officer | 0.5 | $0 |
Michael S Scalzo Sr Employer Trustee Co-Chairm | Trustee | 0.5 | $0 |
Samuel D Pilger Employer Trustee | Trustee | 0.5 | $0 |
Brian Speller Employer Trustee | Trustee | 0.5 | $0 |
John A Bulgaro Union Trustee Co-Chairman | Trustee | 0.5 | $0 |
Brian K Hammond Union Trustee | Trustee | 0.5 | $0 |
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 | $1,180,800 |
Investment income | $276,854 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,237,227 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,694,881 |
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 | $6,140,309 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $53,228 |
Fees for services: Accounting | $7,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $85,330 |
Fees for services: Other | $1,125 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $0 |
Insurance | $72,540 |
All other expenses | $0 |
Total functional expenses | $6,669,579 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $143,345 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $282,281 |
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 | $48,040 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $572,599 |
Investments—other securities | $28,495,328 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $29,541,593 |
Accounts payable and accrued expenses | $21,147 |
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 | $0 |
Total liabilities | $21,147 |
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 | $29,520,446 |
Total liabilities and net assets/fund balances | $29,541,593 |
Organization Name | Assets | Revenue |
---|---|---|
Trust Agreement For Post-Retirement Medical Plan For Union Employees O Orange, CT | $12,937,744 | $1,860,359 |
New York State Teamsters Council - Ups Retiree Health Fund Syracuse, NY | $29,541,593 | $3,694,881 |
Cambridge Public Employees Dental Cambridge, MA | $9,868,388 | $6,527,168 |
Greater Rochester Area Honda Dealers Ad Association Inc Rochester, NY | $2,436,536 | $5,748,832 |
Cruden Bay Risk Retention Group Inc Williston, VT | $20,126,037 | $6,048,862 |
Greater Philadelphia Alliance For Capital And Technologies Philadelphia, PA | $1,201,603 | $2,118,926 |
Motion Picture Players Welfare Fund New York, NY | $15,840,921 | $1,390,563 |
The Atlas 400 Inc Shrewsbury, PA | $1,163,842 | $1,332,536 |
Moonstone Inc Philadelphia, PA | $964,589 | $1,798,698 |
New York State Energy Coalition Inc Hauppauge, NY | $1,821,552 | $890,161 |
Dooley Family Foundation New York, NY | $10,223,917 | $729,132 |
Allied Security Health & Welfare Fund Mineola, NY | $4,468,653 | $757,342 |