Storeworkers Security Plan
- Assets
- $7.3m
- Revenue
- $430.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Astoria, NY
- Founding
- 04/1953
- Data as of
- 01/2022
- EIN
- 13-6162367
Organization Overview
Storeworkers Security Plan is located in Astoria, NY. The organization was established in 1953. According to its NTEE Classification (I99) the organization is classified as: Crime & Legal-Related N.E.C., under the broad grouping of Crime & Legal-Related and related organizations. As of 01/2022, Storeworkers Security Plan employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storeworkers Security Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 01/2022, Storeworkers Security Plan generated $430.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $963.8k during the year ending 01/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND RELATED BENEFITS COVERAGE TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH AND RELATED BENEFITS COVERAGE TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helena Gubelman Trustee | Trustee | 5 | $0 |
Cassandra Berrocal Past Trustee | Trustee | 5 | $0 |
Shaun Kavanagh Trustee | Trustee | 5 | $0 |
Eileen Boland Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,507 |
| 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 | $44,507 |
| Total Program Service Revenue | $156,525 |
| Investment income | $158,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,469 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $430,154 |
| 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 | $484,360 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,269 |
| Pension plan accruals and contributions | $16,727 |
| Other employee benefits | $16,701 |
| Payroll taxes | $14,780 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,900 |
| Fees for services: Accounting | $25,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,095 |
| Fees for services: Other | $25,000 |
| Advertising and promotion | $0 |
| Office expenses | $43,119 |
| Information technology | $17,617 |
| Royalties | $0 |
| Occupancy | $86,524 |
| Travel | $193 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,587 |
| Insurance | $16,741 |
| All other expenses | $0 |
| Total functional expenses | $963,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,383 |
| Savings and temporary cash investments | $153,608 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,372 |
| 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 | $7,774 |
| Net Land, buildings, and equipment | $5,016 |
| Investments—publicly traded securities | $6,971,768 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,024 |
| Total assets | $7,344,945 |
| Accounts payable and accrued expenses | $68,543 |
| 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 | $251,842 |
| Total liabilities | $320,385 |
| 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 | $7,024,560 |
| Total liabilities and net assets/fund balances | $7,344,945 |
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|---|---|---|
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I Have A Dream Foundation New York, NY | $4,280,533 | $3,609,855 |
Cfa Society Boston Inc Boston, MA | $5,288,449 | $2,072,624 |
New Jersey Association For Justice Educational Foundation Inc Trenton, NJ | $774,500 | $1,685,412 |
Childrens Law Center Inc Hartford, CT | $1,609,797 | $1,213,365 |
West Family Foundation Chesterbrook, PA | $20,253,095 | $295,521 |
Storeworkers Security Plan Astoria, NY | $7,344,945 | $430,154 |
The Eder Family Foundation Inc West Haven, CT | $5,987,056 | $349,537 |
First Friends Of New Jersey And New York Kearny, NJ | $339,041 | $522,411 |
New York International Arbitration Center Inc New York, NY | $526,912 | $446,398 |