Building Service 32b-J Health Fund
- Assets
- $2.2b
- Revenue
- $1.7b
- Investments
- $1.8b
- Employees
- 436
- Location
- New York, NY
- Founding
- 05/1978
- Data as of
- 06/2021
- EIN
- 13-2928869
Organization 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 06/2021, Building Service 32b-J Health Fund employed 436 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Service 32b-J Health Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2021, Building Service 32b-J Health Fund generated $1.7b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.5b during the year ending 06/2021. While expenses have increased by 5.4% per year over the past 6 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
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 109,872 ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Goldberger Executive Director | Officer | 22.5 | $310,480 |
Farnaz Tamari Director, Dental Center | 35 | $272,816 | |
Randi Farber Director, Tech & Operations | 24.5 | $248,683 | |
Sara Rothstein Director Of Health Fund | Officer | 34 | $243,208 |
Steve Jenkins Director Of Operations | Officer | 25 | $238,867 |
Elaine Pommells Dir Of Finance & Admin | Officer | 24 | $232,177 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empire Blue Cross Blue Shield Medical Claims Admin | 6/29/21 | $41,972,800 |
Delta Dental Dental Claims Admin | 6/29/21 | $2,785,750 |
Schultheis Panettieri Llp Payroll Auditor | 6/29/21 | $1,684,361 |
Vitech Systems Group Computer Consultant | 6/29/21 | $1,903,185 |
Hh Graphic Printing Communications Printing | 6/29/21 | $1,274,639 |
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 | $40,948 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,948 |
| Total Program Service Revenue | $1,557,840,187 |
| Investment income | $11,096,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83,280,355 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,656,759,440 |
| 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 | $1,386,412,479 |
| Compensation of current officers, directors, key employees. | $1,174,589 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,247,996 |
| Pension plan accruals and contributions | $3,397,080 |
| Other employee benefits | $4,929,947 |
| Payroll taxes | $893,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,855,863 |
| Fees for services: Accounting | $178,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,432,981 |
| Fees for services: Other | $48,971,938 |
| Advertising and promotion | $0 |
| Office expenses | $1,333,984 |
| Information technology | $1,182,191 |
| Royalties | $0 |
| Occupancy | $6,339,838 |
| Travel | $2,479 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,798 |
| Interest | $29 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,558,069 |
| Insurance | $584,593 |
| All other expenses | $47,033 |
| Total functional expenses | $1,491,859,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $135,000,271 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $134,331,191 |
| 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 | $9,091,708 |
| Net Land, buildings, and equipment | $141,966,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,756,879,565 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,323,232 |
| Total assets | $2,221,592,410 |
| Accounts payable and accrued expenses | $27,986,903 |
| 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 | $234,283 |
| Total liabilities | $28,221,186 |
| 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 | $2,193,371,224 |
| Total liabilities and net assets/fund balances | $2,221,592,410 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Building Service 32b-J Health Fund has recieved totaling $40,145.
| Awarding Organization | Amount |
|---|---|
New York State Health Foundation New York, NY PURPOSE: EMPOWERING CONSUMERS WITH A HIGH VALUE MATERNITY NETWORK | $40,145 |