Local 338 Benefits Trust Fund

Organization Overview

Local 338 Benefits Trust Fund is located in Mineola, NY. The organization was established in 1970. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 338 Benefits Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Local 338 Benefits Trust Fund generated $3.2m 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 (5.2%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE DENTAL, VISION, TEMPORARY DISABILITY, DEATH AND LEGAL SERVICES BENEFITS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE DENTAL, VISION, TEMPORARY DISABILITY, DEATH, LEGAL AND OTHER BENEFITS TO PARTICIPANTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Friedman And Anspach
Legal Fees
$220,707
Dds Services Inc
Claims Administration
$206,271
View All Vendors

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$1,686,784
Investment income $9,722
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,501,440
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,200,592

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