Building Service 32b-J Health Fund

Building Service 32b-J Health Fund Overview

Building Service 32b-J Health Fund is located in New York, NY. The organization was established in 1978. 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 06/2020, Building Service 32b-J Health Fund employed 428 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Building Service 32b-J Health Fund generated $1.6b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.4b during the year ending 06/2020. While expenses have increased by 5.0% per year over the past 5 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTH, DEATH, LIFE INSURANCE, ACCIDENTAL DEATH & DISMEMBERMENT AND LONG-TERM DISABILITY BENEFITS TO ITS ELIGIBLE PARTICIPANTS & DEPENDENTS UNDER COLLECTIVE BARGAINING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PLAN PROVIDES VARIOUS HEALTH BENEFITS TO APPROXIMATELY 117,200 ELIGIBLE PARTICIPANTS.


THE PLAN PROVIDES VARIOUS HEALTH BENEFITS TO APPROXIMATELY 117,200 ELIGIBLE PARTICIPANTS.


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Building Service 32b-J Health Fund Board, Officers & Key Employees

Building Service 32b-J Health Fund Vendors

Vendor Name (Service)Compensation
Empire Blue Cross Blue Shield
Medical Claims Admin
$40,806,025
Delta Dental
Dental Claims Admin
$2,915,262
Schultheis Panettieri Llp
Payroll Auditor
$1,623,153
Independence Blue Cross
Medical Claims Admin
$1,540,539
Vitech Systems Group
Computer Consultant
$1,395,947
Empire Blue Cross Blue Shield
Medical Claims Admin
$40,806,025
View All Vendors

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$160,582
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$160,582
Total Program Service Revenue$1,585,017,291
Investment income $8,896,525
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $40,686,743
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,640,458,496

Building Service 32b-J Health Fund Grants Recieved

Over the last fiscal year, we have identified 2 grants that Building Service 32b-J Health Fund has recieved totaling $40,948.

Awarding OrganizationAmount
New York State Health Foundation

New York, NY

PURPOSE: EMPOWERING CONSUMERS WITH A HIGH VALUE MATERNITY NETWORK

$40,145
New York State Health Foundation

New York, NY

PURPOSE: EMPOWERING CONSUMERS WITH A HIGH VALUE MATERNITY NETWORK

$803
View Grant Recipient Profile

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