United Teamster Fund
- Assets
- $16.4m
- Revenue
- $44.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Brooklyn, NY
- Founding
- 03/1959
- Data as of
- 04/2023
- EIN
- 13-5549593
Organization Overview
United Teamster Fund is located in Brooklyn, NY. The organization was established in 1959. 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 04/2023, United Teamster Fund employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Teamster Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2023, United Teamster Fund generated $44.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $46.4m during the year ending 04/2023. While expenses have increased by 3.3% per year over the past 8 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
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE UNION MEMBERS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE UNION MEMBERS AND THEIR DEPENDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Kane Jr Trustee | Trustee | 2 | $0 |
Charles Machadio Trustee | Trustee | 2 | $0 |
Leonardo Servedio Trustee | Trustee | 2 | $0 |
Vincent L Pacifico Trustee | Trustee | 2 | $0 |
Myra Gordon Trustee | Trustee | 2 | $0 |
Andrew Roy Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meritain Health Claims Administrator | 4/29/23 | $926,934 |
Dj O'grady Consultants Medical Consultant | 4/29/23 | $255,300 |
Cary Kane Pllc Legal Counsel | 4/29/23 | $144,662 |
Lafond Consulting Llc It Consultant | 4/29/23 | $110,637 |
Healthplex Dental Administration | 4/29/23 | $102,963 |
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 | $42,442,730 |
| Investment income | $150,510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,133,995 |
| 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 | $42,720,193 |
| Compensation of current officers, directors, key employees. | $198,507 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,407,711 |
| Pension plan accruals and contributions | $205,757 |
| Other employee benefits | $285,654 |
| Payroll taxes | $126,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $197,018 |
| Fees for services: Accounting | $92,496 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,072 |
| Advertising and promotion | $0 |
| Office expenses | $245,725 |
| Information technology | $281,976 |
| Royalties | $0 |
| Occupancy | $411,997 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,707 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,651 |
| Insurance | $100,576 |
| All other expenses | $0 |
| Total functional expenses | $46,398,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,303 |
| Savings and temporary cash investments | $543,680 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,917,567 |
| 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 | $147,980 |
| Net Land, buildings, and equipment | $89,027 |
| Investments—publicly traded securities | $7,093,348 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,870,291 |
| Total assets | $16,396,196 |
| Accounts payable and accrued expenses | $236,293 |
| 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 | $7,236,064 |
| Total liabilities | $7,472,357 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $16,396,196 |