Social Service Employees Union Local 371 Welfare Fund

Organization Overview

Social Service Employees Union Local 371 Welfare Fund is located in New York, NY. The organization was established in 1966. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2022, Social Service Employees Union Local 371 Welfare Fund employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Service Employees Union Local 371 Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 06/2022, Social Service Employees Union Local 371 Welfare Fund generated $23.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $23.2m during the year ending 06/2022. While expenses have increased by 3.2% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SUPPLEMENTAL HEALTH AND OTHER BENEFITS TO COVERED PARTICIPANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED SUPPLEMENTAL HEALTH AND OTHER BENEFITS TO COVERED PARTICIPANTS.


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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$23,162,931
Investment income $71
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 $23,163,002

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Social Service Employees Union Local 371 Welfare Fund has recieved totaling $23,137,474.

Awarding OrganizationAmount
Social Services Employees Union

New York, NY

PURPOSE: TO FUND BENEFITS FOR A RELATED ORG

$23,137,474
View Grant Recipient Profile

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