Suffolk County Municipal Employees Benefit Fund
- Assets
- $29.3m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Bohemia, NY
- Founding
- 07/1976
- Data as of
- 12/2023
- EIN
- 11-2365204
Organization Overview
Suffolk County Municipal Employees Benefit Fund is located in Bohemia, NY. The organization was established in 1976. As of 12/2023, Suffolk County Municipal Employees Benefit Fund employed 12 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 12/2023, Suffolk County Municipal Employees Benefit Fund generated $13.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $18.5m during the year ending 12/2023. While expenses have increased by 4.2% 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 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 11,579.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Levler Chairperson | Trustee | 1 | $0 |
Christina Maher Trustee | Trustee | 1 | $0 |
Stanley Humin III Trustee | Trustee | 1 | $0 |
Thomas Moran Trustee | Trustee | 1 | $0 |
Ben Chiaramonte Trustee | Trustee | 1 | $0 |
Scott Mirabella Adminstrator | Officer | 40 | $130,035 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vision Screening Vision Provider | 12/30/23 | $279,080 |
General Vision Services Llc Vision Provider | 12/30/23 | $130,140 |
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 | $13,621,505 |
| Investment income | $537,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$438,275 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,721,124 |
| 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 | $15,918,756 |
| Compensation of current officers, directors, key employees. | $273,674 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $669,872 |
| Pension plan accruals and contributions | $71,558 |
| Other employee benefits | $411,263 |
| Payroll taxes | $71,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,000 |
| Fees for services: Accounting | $55,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,785 |
| Fees for services: Other | $177,382 |
| Advertising and promotion | $0 |
| Office expenses | $156,667 |
| Information technology | $135,479 |
| Royalties | $0 |
| Occupancy | $204,352 |
| Travel | $35,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,166 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,949 |
| Insurance | $16,212 |
| All other expenses | $0 |
| Total functional expenses | $18,465,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,975,325 |
| Savings and temporary cash investments | $556,508 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,507,955 |
| 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 | $499,324 |
| Net Land, buildings, and equipment | $382,792 |
| Investments—publicly traded securities | $21,446,788 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $905,716 |
| Total assets | $29,274,408 |
| Accounts payable and accrued expenses | $100,576 |
| Grants payable | $0 |
| Deferred revenue | $1,361,044 |
| 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 | $3,336,428 |
| Total liabilities | $4,798,048 |
| 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 | $24,476,360 |
| Total liabilities and net assets/fund balances | $29,274,408 |