Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: CONTRIBUTION FROM NYC

  total $46,143,448 · related or exempt $46,143,448

• 2b · Program service revenue: COBRA PREMIUM COLLECTED

  total $70,362 · related or exempt $70,362

• 3 · Investment income

  total $5,001,317 · excluded $5,001,317

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $29,524,825

• 5 · Compensation of officers, directors and key employees

  total $150,060

• 7 · Other salaries and wages

  total $1,020,178

• 8 · Pension plan contributions

  total $85,219

• 9 · Other employee benefits

  total $600,231

• 10 · Payroll taxes

  total $89,256

• 11a · Fees: management

  total $1,945

• 11b · Fees: legal

  total $33,810

• 11c · Fees: accounting

  total $76,482

• 11g · Fees: other

  total $108,394

• 13 · Office expenses

  total $58,054

• 14 · Information technology

  total $107,375

• 16 · Occupancy

  total $313,581

• 22 · Depreciation, depletion and amortization

  total $9,279

• 23 · Insurance

  total $48,050

• 24a · Other expenses: BENEFIT EXP REIMBURSEME

  total $5,179,501

• 24b · Other expenses: BENEFIT ADMIN. EXPENSE

  total $486,209

• 24c · Other expenses: SUBSCRIPTION FEE

  total $670

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,238,195 · end of year $360,619

• 2 · Savings and temporary cash investments

  beginning of year $31,480,593 · end of year $28,024,408

• 9 · Prepaid expenses and deferred charges

  beginning of year $86,182 · end of year $66,312

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

  $653,959

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

  $534,586

• 10c · Land, buildings and equipment, net

  beginning of year $38,205 · end of year $119,373

• 11 · Investments: publicly traded securities

  beginning of year $91,763,842 · end of year $97,086,890

• 15 · Other assets

  beginning of year $32,973,891 · end of year $47,454,841

• 17 · Accounts payable and accrued expenses

  beginning of year $1,023,641 · end of year $1,019,125

• 25 · Other liabilities

  beginning of year $2,012,107 · end of year $1,360,603

• 29 · Capital stock, trust principal or current funds

  beginning of year $155,545,160 · end of year $170,732,715

• 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 $0 · end of year $0

The filer's explanations (Part III)

PART I, LINE 3

EACH YEAR THE BOARD APPROVES THE SALARIES OF ALL EMPLOYEES OF THE ORGANIZATION. THE APPROVAL PROCESS INCLUDES A DISCUSSION OF PERFORMANCE AND REVIEW OF SALARIES FOR COMPARABLE POSITIONS IN COMPARABLE ORGANIZATIONS. SALARY ADJUSTMENTS ARE DIRECTED BY THE BOARD.