Form 990 for tax year 2023
Filed by NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS TR.
Totals
- Total revenue
- $18,491,676
- Total expenses
- $11,661,045
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,792,461
- Investment income
- $4,270,413
- Other revenue
- $9,428,802
- Total assets, end of year
- $102,167,026
- Total liabilities, end of year
- $37,278,754
- Net assets or fund balances, end of year
- $64,888,272
- 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: PARTICIPANT CONTRIBS
total $4,172,974 · related or exempt $4,172,974
-
2b · Program service revenue: SERVICE FEE
total $619,487 · related or exempt $619,487
-
3 · Investment income
total $2,979,728 · related or exempt $208,225 · excluded $2,771,503
-
7a · Gross sales of assets other than inventory
securities $13,044,884
-
7b · Less cost or other basis and sales expenses
securities $11,754,199
-
7c · Gain or loss
securities $1,290,685
-
7d · Net gain or loss
total $1,290,685 · related or exempt $1,290,685
-
11a · Other revenue: EXP. REIMB./ENDORSEMENT FEES
total $9,480,272 · related or exempt $9,480,272
-
11b · Other revenue: EQUIPMENT RENTAL
total $565 · related or exempt $565
-
11c · Other revenue: NET EARNINGS/(LOSS) OF SUBSIDIARY
total -$52,035 · related or exempt -$52,035
-
11e · Other revenue, total
$9,428,802
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $4,936,745
-
7 · Other salaries and wages
total $1,936,546
-
8 · Pension plan contributions
total $721,557
-
9 · Other employee benefits
total $33,903
-
10 · Payroll taxes
total $181,264
-
11b · Fees: legal
total $291,704
-
11c · Fees: accounting
total $68,262
-
11f · Fees: investment management
total $298,953
-
11g · Fees: other
total $536,985
-
12 · Advertising and promotion
total $1,070,818
-
13 · Office expenses
total $153,912
-
14 · Information technology
total $851,165
-
16 · Occupancy
total $229,121
-
17 · Travel
total $21,756
-
19 · Conferences, conventions and meetings
total $56,328
-
22 · Depreciation, depletion and amortization
total $4,348
-
23 · Insurance
total $133,031
-
24a · Other expenses: ADMINISTRATIVE SERVICE
total $119,454
-
24b · Other expenses: STAFF TRAINING
total $8,573
-
24c · Other expenses: SECURITY SERVICES
total $6,620
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,259,824 · end of year $6,295,424
-
2 · Savings and temporary cash investments
beginning of year $6,955,734 · end of year $7,173,689
-
4 · Accounts receivable
beginning of year $2,299,657 · end of year $2,613,516
-
9 · Prepaid expenses and deferred charges
beginning of year $105,136 · end of year $355,161
-
10a · Land, buildings and equipment: cost or other basis
$1,265,130
-
10b · Land, buildings and equipment: accumulated depreciation
$1,236,940
-
10c · Land, buildings and equipment, net
beginning of year $6,470 · end of year $28,190
-
11 · Investments: publicly traded securities
beginning of year $56,998,330 · end of year $63,021,598
-
12 · Investments: other securities
beginning of year $20,055,095 · end of year $21,777,343
-
15 · Other assets
beginning of year $518,715 · end of year $902,105
-
17 · Accounts payable and accrued expenses
beginning of year $11,627,098 · end of year $8,613,410
-
25 · Other liabilities
beginning of year $27,725,793 · end of year $28,665,344
-
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 $52,846,070 · end of year $64,888,272
Mission and programs · 2023
Mission
ENDORSING QUALITY PROGRAMS THAT ARE COMPETITIVELY PRICED AND ARE DESIGNED TO PROVIDE FINANCIAL EDUCATION AND SECURITY FOR MEMBERS AND THEIR FAMILIES.
Activities or mission (Part I)
TO BE FIRST AND FOREMOST IN MINDS OF MEMBERS WHEN IT COMES TO INSURANCE, FINANCIAL, LEGAL AND OTHER SERVICES. THIS WILL OCCUR BY ENDORSING QUALITY PROGRAMS THAT ARE COMPETITIVELY PRICED AND ARE DESIGNED TO PROVIDE FINANCIAL EDUCATION AND SECURITY FOR MEMBERS AND THEIR FAMILIES.
-
PEER SUPPORT LINETHE PEER SUPPORT LINE, AVAILABLE THROUGH RUTGERS UNIVERSITY BEHAVIORAL HEALTH CARE, IS A CONFIDENTIAL HELPLINE PROVIDED AT NO COST TO ALL NYSUT MEMBERS AND THEIR FAMILIES. STAFFED BY TRAINED IN-SERVICE AND RETIRED INDIVIDUALS WHO UNDERSTAND THE UNIQUE PROFESSIONAL AND PERSONAL CHALLENGES OF NYSUT MEMBERS, THE PEER SUPPORT LINE CAN PROVIDE ANSWERS, RESOURCES, AND EMPATHETIC SUPPORT WHEN IT IS NEEDED.
-
LEGAL ASSISTANCE PLANTHE LEGAL ASSISTANCE PLAN IS AVAILABLE AT NO COST TO NYSUT MEMBERS IN A NON-FULL DUES CATEGORY OR SPLIT DUES CATEGORY. PROVIDED BY THE LAW FIRM OF FELDMAN, KRAMER & MONACO, P.C., THIS PLAN PROVIDES ELIGIBLE MEMBERS WITH FREE TELEPHONE ACCESS TO ATTORNEYS AS WELL AS A LIMITED NUMBER OF LEGAL DOCUMENTS.
-
PREMIUM CALM SERVICETHE PREMIUM CALM SUBSCRIPTION PROVIDES ALL NYSUT IN-SERVICE AND RETIREE MEMBERS WITH UNLIMITED FREE ACCESS TO THE FULL LIBRARY OF SLEEP, MEDITATION, AND RELAXATION CONTENT AT CALM.COM AND IN THE CALM APP, WHICH CAN BE UTILIZED VIA A DESKTOP, LAPTOP, TABLET, OR MOBILE DEVICE (IOS OR ANDROID). MEMBERS CAN ADD UP TO FIVE DEPENDENTS (AGE 16 OR OLDER) TO RECEIVE THEIR OWN PREMIUM CALM SUBSCRIPTION.
As filed on the 2023 return.
Listed in Part VII
-
Roderick ShermanRODERICK SHERMAN
TRUSTEE-SECRETARY
- Total calculated
- $2,705
- From this org
- $0
- From related orgs
- $2,705
- Other
- $0
- Hours/week
- 2
-
Anthony NicodemoANTHONY NICODEMO
TRUSTEE
- Total calculated
- $11,542
- From this org
- $0
- From related orgs
- $11,542
- Other
- $0
- Hours/week
- 2
-
Carolyn KubeCAROLYN KUBE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Loretta DonlonLORETTA DONLON
TRUSTEE
- Total calculated
- $16,418
- From this org
- $0
- From related orgs
- $16,418
- Other
- $0
- Hours/week
- 2
-
J Philippe AbrahamJ PHILIPPE ABRAHAM
TRUSTEE-CHAIR
- Total calculated
- $265,704
- From this org
- $0
- From related orgs
- $163,978
- Other
- $101,726
- Hours/week
- 17
Schedule J breakdown matched by us
- Base
- $0 + $143,438 related
- Bonus
- $0
- Other
- $0 + $20,540 related
- Deferred
- $0 + $43,800 related
- Nontaxable benefits
- $0 + $57,926 related
- Filer's total
- $0 + $265,704 related
-
Michael SillMICHAEL SILL
TRUSTEE
- Total calculated
- $16,418
- From this org
- $0
- From related orgs
- $16,418
- Other
- $0
- Hours/week
- 2
-
Amber ChandlerAMBER CHANDLER
TRUSTEE
- Total calculated
- $16,418
- From this org
- $0
- From related orgs
- $16,418
- Other
- $0
- Hours/week
- 2
-
Natalie McKayNATALIE MCKAY
TRUSTEE
- Total calculated
- $13,310
- From this org
- $0
- From related orgs
- $13,310
- Other
- $0
- Hours/week
- 2
-
Kevin PetermanKEVIN PETERMAN
TRUSTEE
- Total calculated
- $2,705
- From this org
- $0
- From related orgs
- $2,705
- Other
- $0
- Hours/week
- 2
-
Angelina RiveraANGELINA RIVERA
TRUSTEE
- Total calculated
- $16,418
- From this org
- $0
- From related orgs
- $16,418
- Other
- $0
- Hours/week
- 2
-
Ginger LachapelleGINGER LACHAPELLE
DIRECTOR OF MEMBER BENEFITS
- Total calculated
- $248,580
- From this org
- $0
- From related orgs
- $157,936
- Other
- $90,644
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $0 + $140,643 related
- Bonus
- $0
- Other
- $0 + $17,293 related
- Deferred
- $0 + $41,144 related
- Nontaxable benefits
- $0 + $49,500 related
- Filer's total
- $0 + $248,580 related
-
Betsy L PorterBETSY L PORTER
MANAGER, MEMBER BENEFITS
- Total calculated
- $290,373
- From this org
- $0
- From related orgs
- $175,792
- Other
- $114,581
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $0 + $175,792 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $49,863 related
- Nontaxable benefits
- $0 + $64,718 related
- Filer's total
- $0 + $290,373 related
-
Jeffrey LockwoodJEFFREY LOCKWOOD
DIRECTOR OF FINANCE
- Total calculated
- $361,779
- From this org
- $0
- From related orgs
- $229,683
- Other
- $132,096
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- $0 + $229,683 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $65,094 related
- Nontaxable benefits
- $0 + $67,002 related
- Filer's total
- $0 + $361,779 related
-
Michael TravinskiMICHAEL TRAVINSKI
ASSOC GENERAL COUNSEL
- Total calculated
- $343,307
- From this org
- $0
- From related orgs
- $211,012
- Other
- $132,295
- Hours/week
- 7
Schedule J breakdown matched by us
- Base
- $0 + $155,545 related
- Bonus
- $0
- Other
- $0 + $55,467 related
- Deferred
- $0 + $86,176 related
- Nontaxable benefits
- $0 + $46,119 related
- Filer's total
- $0 + $343,307 related
-
Debra FellowsDEBRA FELLOWS
ASST MGR MEMBER BENEFITS
- Total calculated
- $215,997
- From this org
- $0
- From related orgs
- $140,371
- Other
- $75,626
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $0 + $140,371 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $36,599 related
- Nontaxable benefits
- $0 + $39,027 related
- Filer's total
- $0 + $215,997 related
-
Derek ClementDEREK CLEMENT
ASST IN MEMBER BENEFITS
- Total calculated
- $278,710
- From this org
- $0
- From related orgs
- $168,758
- Other
- $109,952
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $0 + $168,758 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $44,675 related
- Nontaxable benefits
- $0 + $65,277 related
- Filer's total
- $0 + $278,710 related
-
Jaclyn L FerrucciJACLYN L FERRUCCI
DEPUTY DIRECTOR FINANCE
- Total calculated
- $310,631
- From this org
- $0
- From related orgs
- $191,252
- Other
- $119,379
- Hours/week
- 9
Schedule J breakdown matched by us
- Base
- $0 + $191,252 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $53,038 related
- Nontaxable benefits
- $0 + $66,341 related
- Filer's total
- $0 + $310,631 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART II, J. PHILIPPE ABRAHAM
- THIS TRUSTEE WAS UNDER A COMPENSATION ARRANGEMENT FOR 2023, WHERE A RELATED ORGANIZATION TO THE FILING ORGANIZATION PAYS SOME OF THIS TRUSTEE'S COMPENSATION AND AN UNRELATED ORGANIZATION (UNITED UNIVERSITY PROFESSIONS) PAYS THE REMAINDER OF THE COMPENSATION. FOR 2023, THE AMOUNT PAID TO J. PHILIPPE ABRAHAM BY UNITED UNIVERSITY PROFESSIONS TOTALED $171,095, WHICH INCLUDES WAGES, RETIREMENT AND NONTAXABLE BENEFITS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
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.
-
NEW YORK STATE UNITED TEACHERS
501(C)(5) · LABOR ORGANIZATION · NY
-
501(C)(2) · BUILDING CORPORATION · NY
Directly controlled by NEW YORK STATE UNITED TEACHERS
-
NYSUT RETIREE VEBA HEALTH FUND
501(C)(9) · BENEFIT PLAN · NY
-
VOICE OF TEACHERS FOR EDUCATIONCOMMITTEE ON POLITICAL EDUCATION
527 · POLITICAL COMMITTEE · NY
-
NYSUT EMPLOYEES RETIREMENT PLAN
501(A) · NYSUT EMPLOYEE BENEFIT PLAN · NY
-
501(A) · NYSUT EMPLOYEE ELECTIVE BENEFIT PLAN · NY
-
NYSUT EDUCATION AND LEARNING TRUST
501(C)(3) · OFFERS COURSES TO PROMOTE EFFECTIVE TEACHING · NY
-
NYSUT DISASTER RELIEF AND SCHOLARSHIP TRUST
501(C)(3) · PROVIDES DISASTER RELIEF AND SCHOLARSHIPS · NY
-
501(C)(3) · PRIVATE FOUNDATION · NY
-
VOICE OF TEACHERS FOR EDUCATIONCOMMITTEE ON POLITICAL EDUCATION
527 · POLITICAL COMMITTEE · NY
-
CATASTROPHE MAJOR MEDICAL PLAN
501(C)(5) · BENEFIT PLAN · NY
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
NYSUT MEMBER BENEFITS CORPORATION
C · MEMBER PROGRAM DISCOUNTS · NY · 100% owned · share of income -$52,035 · share of assets $1,062,756 · controlled entity
Directly controlled by NYSUT MEMBER BENEFITS TRUST
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500159349302500
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.