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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Peter Goldberger Executive Director | Officer | 20.5 | $294,716 |
Farnaz Tamari Director, Dental Center | 35 | $261,249 | |
Randi Farber Director, Tech & Operations | 24 | $237,708 | |
Sara Rothstein Director Of Health Fund | Officer | 33.5 | $226,112 |
Elaine Pommells Dir Of Finance & Admin | Officer | 23 | $218,177 |
Thomas Ormsby Dir Of Billing & Collections | 28 | $215,546 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Empire Blue Cross Blue Shield Medical Claims Admin | 6/29/20 | $40,806,025 |
Delta Dental Dental Claims Admin | 6/29/20 | $2,915,262 |
Schultheis Panettieri Llp Payroll Auditor | 6/29/20 | $1,623,153 |
Independence Blue Cross Medical Claims Admin | 6/29/20 | $1,540,539 |
Vitech Systems Group Computer Consultant | 6/29/20 | $1,395,947 |
Empire Blue Cross Blue Shield Medical Claims Admin | 6/29/20 | $40,806,025 |
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 |
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 | $1,285,770,509 |
Compensation of current officers, directors, key employees. | $1,123,213 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $21,149,844 |
Pension plan accruals and contributions | $3,057,746 |
Other employee benefits | $4,654,665 |
Payroll taxes | $1,798,202 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,869,395 |
Fees for services: Accounting | $137,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,152,098 |
Fees for services: Other | $48,579,692 |
Advertising and promotion | $0 |
Office expenses | $1,267,217 |
Information technology | $1,121,386 |
Royalties | $0 |
Occupancy | $5,601,580 |
Travel | $12,899 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $61,110 |
Interest | $91 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,538,569 |
Insurance | $515,088 |
All other expenses | $4,974 |
Total functional expenses | $1,386,401,099 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $174,461,302 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $127,735,885 |
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 | $8,757,822 |
Net Land, buildings, and equipment | $144,221,401 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,448,633,891 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $42,192,571 |
Total assets | $1,946,002,872 |
Accounts payable and accrued expenses | $5,769,661 |
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 | $164,790 |
Total liabilities | $5,934,451 |
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 | $1,940,068,421 |
Total liabilities and net assets/fund balances | $1,946,002,872 |
Over the last fiscal year, we have identified 2 grants that Building Service 32b-J Health Fund has recieved totaling $40,948.
Awarding Organization | Amount |
---|---|
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 |
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