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← FACULTY ASSOCIATION OF SUFFOLK COMMUNITY COLLEGE BENEFIT FUND

Form 990 for tax year 2023

Filed by FACULTY ASSOCIATION OF SUFFOLK COMMUNITY COLLEGE BENEFIT FUND.

Totals

Total revenue
$1,820,571
Total expenses
$1,804,921
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,723,531
Investment income
$97,040
Other revenue
$0
Total assets, end of year
$2,583,727
Total liabilities, end of year
$30,006
Net assets or fund balances, end of year
$2,553,721
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $1,188,425 · related or exempt $1,188,425

  • 2b · Program service revenue: COBRA & RETIREE CONTRIBUTIONS

    total $535,106 · related or exempt $535,106

  • 3 · Investment income

    total $92,369 · excluded $92,369

  • 7a · Gross sales of assets other than inventory

    securities $4,534,578

  • 7b · Less cost or other basis and sales expenses

    securities $4,529,907

  • 7c · Gain or loss

    securities $4,671

  • 7d · Net gain or loss

    total $4,671 · excluded $4,671

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,539,460

  • 5 · Compensation of officers, directors and key employees

    total $111,887

  • 10 · Payroll taxes

    total $10,512

  • 11b · Fees: legal

    total $16,500

  • 11c · Fees: accounting

    total $28,500

  • 11f · Fees: investment management

    total $17,406

  • 11g · Fees: other

    total $57,102

  • 13 · Office expenses

    total $14,912

  • 14 · Information technology

    total $5,639

  • 19 · Conferences, conventions and meetings

    total $200

  • 22 · Depreciation, depletion and amortization

    total $460

  • 23 · Insurance

    total $2,018

  • 24a · Other expenses: DUES

    total $325

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $226,837 · end of year $245,895

  • 2 · Savings and temporary cash investments

    beginning of year $29,725 · end of year $19,674

  • 4 · Accounts receivable

    beginning of year $30,951 · end of year $18,089

  • 9 · Prepaid expenses and deferred charges

    beginning of year $431 · end of year $322

  • 10a · Land, buildings and equipment: cost or other basis

    $5,938

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,516

  • 10c · Land, buildings and equipment, net

    beginning of year $882 · end of year $422

  • 11 · Investments: publicly traded securities

    beginning of year $2,153,651 · end of year $2,299,325

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,503 · end of year $30,006

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,413,974 · end of year $2,553,721

Mission and programs · 2023

Mission

TO PROVIDE HEALTH & WELFARE BENEFITS TO ELIGIBLE MEMBERS

Activities or mission (Part I)

TO PROVIDE HEALTH AND WELFARE BENEFITS.

  • THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO PARTICIPANTS PURSUANT TO THE PROVISION OF COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE FACULTY ASSOCIATION OF SUFFOLK COMMUNITY COLLEGE, THE GUILD OF ADMINISTRATIVE OFFICERS SUFFOLK COMMUNITY COLLEGE, AND THE COUNTY OF SUFFOLK, NY. THE TOTAL NUMBER OF PARTICIPANTS IS 841.

As filed on the 2023 return.

Listed in Part VII

  • Dante Morelli

    CHAIRPERSON

    Total calculated
    $19,986
    From this org
    $0
    From related orgs
    $19,986
    Other
    $0
    Hours/week
    1 + 35 related
  • Cynthia Eaton Tvelia

    TRUSTEE

    Total calculated
    $11,835
    From this org
    $0
    From related orgs
    $11,835
    Other
    $0
    Hours/week
    1 + 18 related
  • Peter Digregorio

    TRUSTEE/TREASURER

    Total calculated
    $13,122
    From this org
    $0
    From related orgs
    $13,122
    Other
    $0
    Hours/week
    1 + 18 related
  • Kevin McCoy

    TRUSTEE

    Total calculated
    $6,561
    From this org
    $0
    From related orgs
    $6,561
    Other
    $0
    Hours/week
    1 + 18 related
  • Kim Ng Southard

    TRUSTEE

    Total calculated
    $6,561
    From this org
    $0
    From related orgs
    $6,561
    Other
    $0
    Hours/week
    1 + 18 related
  • Courtney Brewer

    TRUSTEE

    Total calculated
    $6,561
    From this org
    $0
    From related orgs
    $6,561
    Other
    $0
    Hours/week
    1 + 18 related
  • Sean Tvelia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mary Kaffaga

    ADMINISTRATOR

    Total calculated
    $105,599
    From this org
    $105,599
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
30 June 2025
IRS schema version
2023v6.0
Source object
202521849349301422

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