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← BUFFALO TEACHERS FEDERATION INC SUPPLEMENTAL BENEFIT FUND

Form 990 for tax year 2022

Filed by BUFFALO TEACHERS FEDERATION INC SUPPLEMENTAL BENEFIT FUND.

Totals

Total revenue
$2,709,560
Total expenses
$1,891,643
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,492,583
Investment income
$214,321
Other revenue
$2,656
Total assets, end of year
$11,076,271
Total liabilities, end of year
$3,587,594
Net assets or fund balances, end of year
$7,488,677
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: CONTRIBUT - BD OF ED

    total $2,492,583 · related or exempt $2,492,583

  • 3 · Investment income

    total $214,321 · excluded $214,321

  • 11d · All other revenue

    total $2,656 · related or exempt $2,656

  • 11e · Other revenue, total

    $2,656

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,529,738

  • 5 · Compensation of officers, directors and key employees

    total $114,077

  • 7 · Other salaries and wages

    total $248,792

  • 8 · Pension plan contributions

    total $593

  • 9 · Other employee benefits

    total -$101,910

  • 10 · Payroll taxes

    total $25,349

  • 11g · Fees: other

    total $45,049

  • 13 · Office expenses

    total $8,300

  • 16 · Occupancy

    total $19,260

  • 22 · Depreciation, depletion and amortization

    total $655

  • 24e · All other expenses

    total $1,740

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,612,079 · end of year $4,309,523

  • 4 · Accounts receivable

    beginning of year $369,334 · end of year $0

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

    $199,485

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

    $195,581

  • 10c · Land, buildings and equipment, net

    beginning of year $753 · end of year $3,904

  • 11 · Investments: publicly traded securities

    beginning of year $4,208,288 · end of year $4,875,890

  • 12 · Investments: other securities

    beginning of year $976,866 · end of year $1,886,954

  • 17 · Accounts payable and accrued expenses

    beginning of year $328,075 · end of year $375,239

  • 19 · Deferred revenue

    beginning of year $38,000 · end of year $2,055,417

  • 25 · Other liabilities

    beginning of year $1,352,250 · end of year $1,156,938

  • 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 $6,448,995 · end of year $7,488,677

Mission and programs · 2022

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 2022 return.

Listed in Part VII

  • Samuel Fritz

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • M Sue Raichilson

    SECRETARY

    Total calculated
    $686
    From this org
    $0
    From related orgs
    $686
    Other
    $0
    Hours/week
    2 + 1 related

  • Ruyvette Townsend

    TRUSTEE

    Total calculated
    $995
    From this org
    $0
    From related orgs
    $995
    Other
    $0
    Hours/week
    2 + 1 related

  • Richard Nigro Effective July 2023

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 40 related

  • Jesse McVerby Effective July 2023

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Wendy Aiken

    DIRECTOR

    Total calculated
    $114,077
    From this org
    $104,385
    From related orgs
    $0
    Other
    $9,692
    Hours/week
    40

  • Philip Rumore Former

    TRUSTEE

    Total calculated
    $116,001
    From this org
    $0
    From related orgs
    $116,001
    Other
    $0
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $116,001 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $116,001 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 June 2024
IRS schema version
2022v5.0
Source object
202421709349300307

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