Upstate New York Engineers Health Fund

Organization Overview

Upstate New York Engineers Health Fund is located in Syracuse, NY. The organization was established in 1958. 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 03/2022, Upstate New York Engineers Health Fund employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upstate New York Engineers Health Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 03/2022, Upstate New York Engineers Health Fund generated $46.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $38.1m during the year ending 03/2022. While expenses have increased by 1.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTH CARE AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HEALTH CARE AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lifetime Benefit Solutions
Access/network Fees
$438,208
Aetna
Claims Processor
$655,677
Sei Inv Mgmt Corp
Investment Manager
$328,595
Joseph W Mccarthy & Associates
Payroll Audits
$310,298
Blitman & King Llp
Collection Fees
$133,883
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $340,998
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$340,998
Total Program Service Revenue$40,050,768
Investment income $2,304,032
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,482,509
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $46,317,639

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