Noitu Insurance Trust Fund
- Assets
- $148.8m
- Revenue
- $71.5m
- Investments
- $82.6m
- Employees
- 73
- Location
- Jamaica, NY
- Founding
- 12/1957
- Data as of
- 12/2021
- EIN
- 11-1740492
Organization Overview
Noitu Insurance Trust Fund is located in Jamaica, NY. The organization was established in 1957. 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 12/2021, Noitu Insurance Trust Fund employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Noitu Insurance 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 12/2021, Noitu Insurance Trust Fund generated $71.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $46.0m during the year ending 12/2021. While expenses have increased by 3.2% 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
MULTI-EMPLOYER ERISA HEALTH & WELFARE PLAN PROVIDING HEALTH AND OTHER BENEFITS FOR MEMBERS AND THEIR DEPENDENTS OF THE NATIONAL ORGANIZATION OF INDUSTRIAL TRADE UNIONS AND ITS AFFILIATED LOCALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH AND OTHER BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Orzano Co Plan Admin | Officer | 40 | $277,802 |
Farley Kamhi Director It Dept | 40 | $237,269 | |
David Lieberman Dir Of Llmdc | 40 | $211,109 | |
Mark Green Controller/trst | Trustee | 30 | $206,193 |
Elizabeth Forte Dir Of Empl Servs | 40 | $166,573 | |
Andre Williams Cnsl & Co Admin | Officer | 40 | $163,972 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empire Healthchoice Assurance Inc Contract Admin | 12/30/21 | $825,893 |
Wcm Investment Management Llc Investment Mgmt | 12/30/21 | $105,078 |
Basys Inc It Consulting | 12/30/21 | $301,533 |
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 | $43,186,753 |
| Investment income | $2,841,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,331,068 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,536,431 |
| 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 | $37,785,075 |
| Compensation of current officers, directors, key employees. | $1,005,402 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,770,667 |
| Pension plan accruals and contributions | $574,374 |
| Other employee benefits | $38,807 |
| Payroll taxes | $312,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,042 |
| Fees for services: Accounting | $78,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $239,115 |
| Fees for services: Other | $1,047,283 |
| Advertising and promotion | $0 |
| Office expenses | $132,461 |
| Information technology | $604,737 |
| Royalties | $0 |
| Occupancy | $498,113 |
| Travel | $46,729 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,440 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $334,634 |
| Insurance | $66,153 |
| All other expenses | $0 |
| Total functional expenses | $45,995,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,427,691 |
| Savings and temporary cash investments | $5,698,270 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $461,207 |
| 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 | $102,026 |
| Net Land, buildings, and equipment | $2,343,511 |
| Investments—publicly traded securities | $46,621,475 |
| Investments—other securities | $82,638,251 |
| Investments—program-related | $7,009,440 |
| Intangible assets | $0 |
| Other assets | $453,984 |
| Total assets | $148,755,855 |
| Accounts payable and accrued expenses | $164,993 |
| Grants payable | $0 |
| Deferred revenue | $1,009,607 |
| 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 | $13,342,679 |
| Total liabilities | $14,517,279 |
| 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 | $134,238,576 |
| Total liabilities and net assets/fund balances | $148,755,855 |