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← BUFFALO TEACHERS FEDERATION INC SUPPLEMENTAL BENEFIT FUND

Form 990 for tax year 2024

Filed by BUFFALO TEACHERS FEDERATION INC SUPPLEMENTAL BENEFIT FUND.

Totals

Total revenue
$2,784,162
Total expenses
$3,449,056
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,412,075
Investment income
$372,087
Other revenue
$0
Total assets, end of year
$12,640,786
Total liabilities, end of year
$3,438,804
Net assets or fund balances, end of year
$9,201,982
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: CONTRIBUTION BUFFALO B

    total $2,412,075 · related or exempt $2,412,075

  • 3 · Investment income

    total $372,087 · excluded $372,087

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,512,817

  • 5 · Compensation of officers, directors and key employees

    total $54,345

  • 7 · Other salaries and wages

    total $167,278

  • 9 · Other employee benefits

    total $540,540

  • 10 · Payroll taxes

    total $23,867

  • 11g · Fees: other

    total $70,376

  • 13 · Office expenses

    total $8,666

  • 16 · Occupancy

    total $27,479

  • 22 · Depreciation, depletion and amortization

    total $926

  • 24e · All other expenses

    total $42,762

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,043,728 · end of year $4,713,744

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

    $268,688

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

    $197,186

  • 10c · Land, buildings and equipment, net

    beginning of year $2,813 · end of year $71,502

  • 11 · Investments: publicly traded securities

    beginning of year $5,412,116 · end of year $6,457,973

  • 12 · Investments: other securities

    beginning of year $1,714,586 · end of year $1,397,567

  • 17 · Accounts payable and accrued expenses

    beginning of year $169,946 · end of year $147,562

  • 19 · Deferred revenue

    beginning of year $2,189,000 · end of year $2,486,275

  • 25 · Other liabilities

    beginning of year $787,644 · end of year $804,967

  • 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 $9,026,653 · end of year $9,201,982

Mission and programs · 2024

Mission

TO PROVIDE VARIOUS BENEFITS TO MEMBERS OF THE BUFFALO TEACHERS FEDERATION.

  • THE SUPPLEMENTAL BENEFIT FUND PROVIDES DENTAL, OPTICAL, PRESCRIPTION AND DEATH BENEFITS TO MEMBERS OF THE BUFFALO TEACHERS FEDERATION.

As filed on the 2024 return.

Listed in Part VII

  • Richard Nigro

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 40 related

  • Jesse McVerby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Samuel Fritz

    CHAIRPERSON

    Total calculated
    $405
    From this org
    $0
    From related orgs
    $405
    Other
    $0
    Hours/week
    2 + 1 related

  • M Sue Raichilson

    SECRETARY

    Total calculated
    $728
    From this org
    $0
    From related orgs
    $728
    Other
    $0
    Hours/week
    2 + 1 related

  • Ruyvette Townsend

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Christine Whitman

    INTERIM DIRECTOR

    Total calculated
    $20,788
    From this org
    $20,788
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

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
10 July 2026
IRS schema version
2024v5.5
Source object
202641959349300724

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