New York State Teamsters Council - Ups Retiree Health Fund
- Assets
- $23.3m
- Revenue
- $10.4m
- Investments
- $19.2m
- Employees
- 0
- Location
- Syracuse, NY
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 46-4111565
Organization Overview
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 12/2023, New York State Teamsters Council - Ups Retiree Health Fund generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $8.7m during the year ending 12/2023. While expenses have increased by 24.7% per year over the past 9 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael S Scalzo Sr Employer Trustee Co-Chairm | Trustee | 0.5 | $0 |
Brian Speller Employer Trustee | Trustee | 0.5 | $0 |
Samuel D Pilger 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 |
Mark D May Union Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Excellus - Blue Cross Blue Shield Tpa | 12/30/23 | $223,469 |
Medco Health Solutions Inc Tpa | 12/30/23 | $131,286 |
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 | $8,862,641 |
| Investment income | $187,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,365,879 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,415,889 |
| 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 | $7,979,294 |
| 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 | $122,056 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,996 |
| Fees for services: Other | $225 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $237 |
| 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 | $53,046 |
| All other expenses | $0 |
| Total functional expenses | $8,713,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,708,245 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,198,043 |
| 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 | $32,324 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $185,043 |
| Investments—other securities | $19,158,964 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,678 |
| Total assets | $23,284,297 |
| Accounts payable and accrued expenses | $11,535 |
| 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 | $11,535 |
| 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 | $23,272,762 |
| Total liabilities and net assets/fund balances | $23,284,297 |