Bridgeport Firemens Sick & Death Benefit Association Incorporated
- Assets
- $2.2m
- Revenue
- $35.2k
- Investments
- $381.9k
- Employees
- 2
- Location
- Milford, CT
- Founding
- 09/1964
- Data as of
- 03/2023
- EIN
- 06-0794308
Organization Overview
Bridgeport Firemens Sick & Death Benefit Association Incorporated is located in Milford, CT. The organization was established in 1964. According to its NTEE Classification (M24) the organization is classified as: Fire Prevention, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 03/2023, Bridgeport Firemens Sick & Death Benefit Association Incorporated employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgeport Firemens Sick & Death Benefit Association Incorporated is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERSHIP DUES ARE USED SOLELY FOR THE PURPOSE OF PROVIDING BENEFITS FOR THE ASSOCIATION'S MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFITS ARE PAYABLE TO COVERED MEMBERS FOR DEATH OR SICKNESS AND INJURIES SUSTAINED WHILE ON DUTY. SICKNESS BENEFITS ARE $5 A DAY FOR ILLNESSES WHICH EXCEED 30 DAYS WITH A MAXIMUM OF $500 IN ANY FISCAL YEAR. INJURY BENEFITS ARE $10 A DAY FOR TIME MISSED FROM WORK UP TO A MAXIMUM OF $1,200. AT THE DEATH OF A MEMBER, THE SUM OF $14,000 IS PAID TO A PERSON DESIGNATED BY THE SAID MEMBER BY WRITTEN NOTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Novack President | OfficerTrustee | 5 | $704 |
Francis Mcnellis Vice President | OfficerTrustee | 5 | $353 |
Louis Santiago Treasurer | OfficerTrustee | 15 | $7,443 |
Salvatore Emanuel Secretary | OfficerTrustee | 15 | $7,443 |
Joseph Lachioma Trustee | Trustee | 5 | $1,477 |
Robert Kostyszyn Trustee | Trustee | 5 | $1,477 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,622 |
| 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 | $13,622 |
| Total Program Service Revenue | $0 |
| Investment income | $59,234 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,693 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,163 |
| 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 | $148,625 |
| Compensation of current officers, directors, key employees. | $20,374 |
| 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 | $1,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,462 |
| Fees for services: Other | $0 |
| 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 | $155 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $221,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,058 |
| Savings and temporary cash investments | $102,742 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,722,949 |
| Investments—other securities | $381,915 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,236,664 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,567,932 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$144,548 |
| Retained earnings, endowment, accumulated income, or other funds | -$186,720 |
| Total liabilities and net assets/fund balances | $2,236,664 |