Suffolk County Municipal Employees Benefit Fund
- Assets
- $36.6m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Bohemia, NY
- Founding
- 07/1976
- Data as of
- 12/2021
- EIN
- 11-2365204
Organization Overview
Suffolk County Municipal Employees Benefit Fund is located in Bohemia, NY. The organization was established in 1976. As of 12/2021, Suffolk County Municipal Employees Benefit Fund employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suffolk County Municipal Employees Benefit 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, Suffolk County Municipal Employees Benefit Fund generated $14.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $12.8m during the year ending 12/2021. While expenses have increased by 0.2% 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
THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE SUPPLEMENTAL HEALTH AND WELFARE BENEFITS TO ITS ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPLEMENTAL HEALTH AND WELFARE BENEFITS ON BEHALF OF ELIGIBLE PARTICIPANTS. THE APPROXIMATE NUMBER OF ELIGIBLE PARTICIPANTS WAS 11,590.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Mirabella Adminstrator | Officer | 40 | $126,187 |
Tom Rico Controller | 40 | $109,693 | |
Daniel Levler Chairperson | Trustee | 1 | $0 |
Thomas Moran Trustee | Trustee | 1 | $0 |
Ben Chiaramonte Trustee | Trustee | 1 | $0 |
Stanley Humin III Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
General Vision Services Llc Vision Provider | 12/30/21 | $111,030 |
Vision Screening Vision Provider | 12/30/21 | $305,880 |
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 | $13,150,077 |
| Investment income | $362,611 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,228,992 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,741,680 |
| 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 | $10,635,360 |
| Compensation of current officers, directors, key employees. | $153,658 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $608,157 |
| Pension plan accruals and contributions | $192,295 |
| Other employee benefits | $296,530 |
| Payroll taxes | $54,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,967 |
| Fees for services: Accounting | $55,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $134,399 |
| Fees for services: Other | $215,252 |
| Advertising and promotion | $0 |
| Office expenses | $126,311 |
| Information technology | $80,672 |
| Royalties | $0 |
| Occupancy | $166,064 |
| Travel | $264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,114 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,398 |
| Insurance | $16,312 |
| All other expenses | $1,310 |
| Total functional expenses | $12,846,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,615,586 |
| Savings and temporary cash investments | $1,000,518 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,470,676 |
| 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 | $18,007 |
| Net Land, buildings, and equipment | $313,218 |
| Investments—publicly traded securities | $22,120,626 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,910 |
| Total assets | $36,557,541 |
| Accounts payable and accrued expenses | $116,615 |
| Grants payable | $0 |
| Deferred revenue | $980,235 |
| 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 | $2,968,141 |
| Total liabilities | $4,064,991 |
| 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 | $32,492,550 |
| Total liabilities and net assets/fund balances | $36,557,541 |