Building Service 32b-J Health Fund
- Assets
- $1.9b
- Revenue
- $1.6b
- Investments
- $1.4b
- Employees
- 428
- Location
- New York, NY
- Founding
- 05/1978
- Data as of
- 06/2020
- EIN
- 13-2928869
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.
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.
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Building Service 32b-J Health Fund Board, Officers & Key Employees
| 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 |
Building Service 32b-J Health Fund Vendors
| 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 |
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 |
| 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 |
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 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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