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← CORRECTION OFFICERS BENEVOLENT ASSC SECURITY BENEFITS FUND-RETIREES

Form 990 for tax year 2022

Filed by CORRECTION OFFICERS BENEVOLENT ASSC SECURITY BENEFITS FUND-RETIREES.

Totals

Total revenue
$21,497,894
Total expenses
$20,903,930
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,849,476
Investment income
$18,429
Other revenue
$1,629,989
Total assets, end of year
$13,455,447
Total liabilities, end of year
$126,431
Net assets or fund balances, end of year
$13,329,016
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: EMPLOYER CONTRIBUTIONS

    total $19,849,476 · related or exempt $19,849,476

  • 3 · Investment income

    total $18,429 · excluded $18,429

  • 11a · Other revenue: PRESCRIPTION REBATES

    total $1,629,989 · related or exempt $1,629,989

  • 11e · Other revenue, total

    $1,629,989

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $20,124,125

  • 11b · Fees: legal

    total $35,004

  • 11c · Fees: accounting

    total $25,000

  • 11g · Fees: other

    total $325,092

  • 13 · Office expenses

    total $20,571

  • 24a · Other expenses: ALLOCATED ADMIN. EXP.

    total $374,138

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,621,312 · end of year $8,362,183

  • 4 · Accounts receivable

    beginning of year $3,190,154 · end of year $5,093,264

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,674 · end of year $43,553

  • 25 · Other liabilities

    beginning of year $14,740 · end of year $82,878

  • 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 $12,735,052 · end of year $13,329,016

Mission and programs · 2022

Mission

THE ORGANIZATIONS PRIMARY PURPOSE IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ALL ELIGIBLE MEMBERS.

Activities or mission (Part I)

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ALL ELIGIBLE MEMBERS.

  • PROVIDED HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 10,004 COVERED PARTICIPANTS.

As filed on the 2022 return.

Listed in Part VII

  • Benny Boscio Jr

    CHAIRMAN

    Total calculated
    $213,490
    From this org
    $0
    From related orgs
    $213,490
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,490 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $213,490 related
  • Joseph Bracco - Past

    TRUSTEE

    Total calculated
    $175,005
    From this org
    $0
    From related orgs
    $175,005
    Other
    $0
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,005 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $175,005 related
  • Michael Maiello - Past

    TRUSTEE

    Total calculated
    $133,249
    From this org
    $0
    From related orgs
    $133,249
    Other
    $0
    Hours/week
    1 + 39 related
  • Glenn Morgan

    TRUSTEE

    Total calculated
    $114,056
    From this org
    $0
    From related orgs
    $114,056
    Other
    $0
    Hours/week
    1 + 39 related
  • Keisha Williams

    TRUSTEE

    Total calculated
    $110,466
    From this org
    $0
    From related orgs
    $110,466
    Other
    $0
    Hours/week
    1 + 39 related
  • Lionel Cumberbatch

    TRUSTEE

    Total calculated
    $104,224
    From this org
    $0
    From related orgs
    $104,224
    Other
    $0
    Hours/week
    1 + 39 related
  • Herman Jiminian

    TRUSTEE

    Total calculated
    $102,029
    From this org
    $0
    From related orgs
    $102,029
    Other
    $0
    Hours/week
    1 + 39 related
  • Antionette Anderson

    TRUSTEE

    Total calculated
    $104,930
    From this org
    $0
    From related orgs
    $104,930
    Other
    $0
    Hours/week
    1 + 39 related
  • Felix Sanchez

    TRUSTEE

    Total calculated
    $104,224
    From this org
    $0
    From related orgs
    $104,224
    Other
    $0
    Hours/week
    1 + 39 related
  • Ashaki Antoine

    TRUSTEE

    Total calculated
    $78,075
    From this org
    $0
    From related orgs
    $78,075
    Other
    $0
    Hours/week
    1 + 39 related
  • Charles Wingate

    TRUSTEE

    Total calculated
    $78,075
    From this org
    $0
    From related orgs
    $78,075
    Other
    $0
    Hours/week
    1 + 39 related
  • Edward Yates

    TRUSTEE

    Total calculated
    $79,753
    From this org
    $0
    From related orgs
    $79,753
    Other
    $0
    Hours/week
    1 + 39 related
  • Matthew Romano

    TRUSTEE

    Total calculated
    $77,336
    From this org
    $0
    From related orgs
    $77,336
    Other
    $0
    Hours/week
    1 + 39 related
  • Neil Renios

    TRUSTEE

    Total calculated
    $76,598
    From this org
    $0
    From related orgs
    $76,598
    Other
    $0
    Hours/week
    1 + 39 related
  • Angel Castro

    TRUSTEE

    Total calculated
    $106,641
    From this org
    $0
    From related orgs
    $106,641
    Other
    $0
    Hours/week
    1 + 39 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
2 November 2023
IRS schema version
2022v5.0
Source object
202343129349301709

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