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← PUBLIC EMPLOYEES FEDERATION MEMBERSHIP BENEFITS PROGRAM

Form 990 for tax year 2024

Filed by PUBLIC EMPLOYEES FEDERATION MEMBERSHIP BENEFITS PROGRAM.

Totals

Total revenue
$29,811,282
Total expenses
$28,711,220
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$27,427,599
Investment income
$2,339,829
Other revenue
$43,854
Total assets, end of year
$28,988,403
Total liabilities, end of year
$5,425,238
Net assets or fund balances, end of year
$23,563,165
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: MEMBER CONTRIBUTIONS

    total $27,009,681 · related or exempt $27,009,681

  • 2b · Program service revenue: BENEFIT ADMINISTRATION FEES

    total $496,687 · related or exempt $496,687

  • 2c · Program service revenue: LIMITED PARTNERSHIP INCOME

    total -$78,769 · unrelated business -$78,769

  • 3 · Investment income

    total $588,899 · excluded $588,899

  • 7a · Gross sales of assets other than inventory

    securities $26,447,926

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

    securities $24,696,996

  • 7c · Gain or loss

    securities $1,750,930

  • 7d · Net gain or loss

    total $1,750,930 · excluded $1,750,930

  • 11a · Other revenue: CREDIT CARD REBATES

    total $42,468 · related or exempt $42,468

  • 11b · Other revenue: OTHER REVENUE

    total $1,386 · related or exempt $1,386

  • 11e · Other revenue, total

    $43,854

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $23,459,383

  • 7 · Other salaries and wages

    total $2,300,553

  • 8 · Pension plan contributions

    total $446,480

  • 9 · Other employee benefits

    total $569,501

  • 10 · Payroll taxes

    total $164,890

  • 11b · Fees: legal

    total $96,000

  • 11c · Fees: accounting

    total $36,372

  • 11f · Fees: investment management

    total $127,513

  • 11g · Fees: other

    total $569,800

  • 12 · Advertising and promotion

    total $19,964

  • 13 · Office expenses

    total $260,995

  • 14 · Information technology

    total $39,939

  • 16 · Occupancy

    total $234,750

  • 17 · Travel

    total $26,020

  • 19 · Conferences, conventions and meetings

    total $83,827

  • 22 · Depreciation, depletion and amortization

    total $50,261

  • 23 · Insurance

    total $65,425

  • 24a · Other expenses: CREDIT CARD PROCESSING

    total $84,655

  • 24b · Other expenses: PROVISION FOR DOUBTFUL

    total $74,892

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $228,413 · end of year $54,941

  • 2 · Savings and temporary cash investments

    beginning of year $1,879,064 · end of year $1,801,262

  • 4 · Accounts receivable

    beginning of year $1,115,492 · end of year $1,379,432

  • 8 · Inventories for sale or use

    end of year $379,226

  • 9 · Prepaid expenses and deferred charges

    beginning of year $594,128 · end of year $261,189

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

    $551,078

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

    $458,158

  • 10c · Land, buildings and equipment, net

    beginning of year $139,765 · end of year $92,920

  • 11 · Investments: publicly traded securities

    beginning of year $20,227,686 · end of year $21,470,087

  • 12 · Investments: other securities

    beginning of year $1,772,845 · end of year $1,824,076

  • 15 · Other assets

    beginning of year $935,582 · end of year $1,725,270

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,133,803 · end of year $3,547,472

  • 19 · Deferred revenue

    beginning of year $161,818 · end of year $152,121

  • 25 · Other liabilities

    beginning of year $947,809 · end of year $1,725,645

  • 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 $22,649,545 · end of year $23,563,165

Mission and programs · 2024

Mission

TO PROVIDE CERTAIN BENEFITS AND SERVICES TO MEMBERS OF THE NEW YORK STATE PUBLIC EMPLOYEES FEDERATION, AFL-CIO.

Activities or mission (Part I)

TO PROVIDE CERTAIN WELFARE BENEFITS TO MEMBERS.

  • THE PROGRAM PROVIDED CERTAIN BENEFITS AND SERVICES TO APPROXIMATELY 55,000 ACTIVE AND 15,000 RETIRED MEMBERS OF THE NEW YORK STATE PUBLIC EMPLOYEES FEDERATION, ON A VOLUNTARY BASIS.

As filed on the 2024 return.

Listed in Part VII

  • Wayne Spence

    TRUSTEE

    Total calculated
    $142,199
    From this org
    $0
    From related orgs
    $119,878
    Other
    $22,321
    Hours/week
    1 + 35 related

  • Joseph Donahue

    TRUSTEE

    Total calculated
    $78,071
    From this org
    $0
    From related orgs
    $66,425
    Other
    $11,646
    Hours/week
    1 + 35 related

  • David Dubofsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 18 related

  • Maureen Kozakiewicz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Bernadette O'Conner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 18 related

  • Jeanette Santos

    TRUSTEE - PAST

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
15 April 2026
IRS schema version
2024v5.5
Source object
202611059349301526

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