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NEW YORK STATE NURSES ASSOCIATION BENEFIT FUND: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
NEW YORK STATE NURSES ASSOCIATION BENEFIT FUND (EIN 23-7336001)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-10
IRS object ID
202512839349301111
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-10-10T10:07:50-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN161131146PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BONADIO & CO LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1171 SULLYS TRAILAddressLine1Txt
CityPITTSFORDCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14534ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237336001EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NEW YORK STATE NURSES ASSOCIATIONBusinessNameLine1Txt
Business Name Line2BENEFITS FUNDBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlNEWYBusinessNameControlTxt
Phone5188699501PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13 PINE WEST PLAZA WASHINGTON AVE EXAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRONALD F LAMYPersonNm
Person TitleCEOPersonTitleTxt
Phone5188699501PhoneNum
Signature2025-10-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAWN MINEMIERPreparerPersonNm
PTINP01339753PTIN
Phone5853811000PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRONALD F LAMYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13 PINE WEST PLAZA WASHINGTON AVE EXAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$584,709,701GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressRNBENEFITS.ORGWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1972FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO PROVIDE HOSPITALIZATION, BASIC AND MAJOR MEDICAL, DENTAL, PRESCRIPTION DRUG, OPTICAL, LIFE AND AD&D, SHORT TERM AND LONG TERM DISABILITY COVERAGE AND PAID FAMILY LEAVE (WHICH BEGAN IN 2018) TO REGISTERED NURSES AND OTHER HEALTHCARE PROFESSIONALS EMPLOYED BY EMPLOYERS WHOSE COLLECTIVE BARGAINING AGREEMENTS WITH THE NEW YORK STATE NURSES ASSOCIATION INCLUDED BENEFITS COVERAGE.ActivityOrMissionDesc
Voting Members Governing Body16VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee53TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$499,741,761PYProgramServiceRevenueAmt
CY Program Service Revenue$581,157,097CYProgramServiceRevenueAmt
PY Investment Income$1,450,390PYInvestmentIncomeAmt
CY Investment Income$3,552,604CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$501,192,151PYTotalRevenueAmt
CY Total Revenue$584,709,701CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$468,138,714PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$553,411,809CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,715,816PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,830,842CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,422,816PYOtherExpensesAmt
CY Other Expenses$1,467,507CYOtherExpensesAmt
PY Total Expenses$472,277,346PYTotalExpensesAmt
CY Total Expenses$557,710,158CYTotalExpensesAmt
PY Revenues Less Expenses$28,914,805PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$26,999,543CYRevenuesLessExpensesAmt
Total Assets BOY$80,844,582TotalAssetsBOYAmt
Total Assets EOY$119,897,327TotalAssetsEOYAmt
Total Liabilities BOY$60,753,983TotalLiabilitiesBOYAmt
Total Liabilities EOY$72,802,579TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$20,090,599NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$47,094,748NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROVIDE HOSPITALIZATION, BASIC AND MAJOR MEDICAL, DENTAL, PRESCRIPTION DRUG, OPTICAL, LIFE AND AD&D, SHORT TERM AND LONG TERM DISABILITY COVERAGE AND PAID FAMILY LEAVE (WHICH BEGAN IN 2018) TO REGISTERED NURSES AND OTHER HEALTHCARE PROFESSIONALS EMPLOYED BY EMPLOYERS WHOSE COLLECTIVE BARGAINING AGREEMENTS WITH THE NEW YORK STATE NURSES ASSOCIATION INCLUDED BENEFITS COVERAGE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescWE PROVIDED INSURED AND SELF INSURED HEALTH AND WELFARE ARRANGEMENTS FOR 21,493 REGISTERED NURSES AND OTHER HEALTH CARE PROFESSIONALS AND THEIR DEPENDENTS.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee53EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members16GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ALICIA BUCHANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5188699501PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13 PINE WEST PLAZA WASHINGTON AVE EXAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
JOHN BARRETT
TRUSTEE1.822.36Yes (X)$0$0$0
JEFFREY COHEN
TRUSTEE0.500.65Yes (X)$0$0$0
NANCY HAGANS
TRUSTEE0.230.00Yes (X)$0$0$0
JENNA HAYES
TRUSTEE0.410.72Yes (X)$0$0$0
NANCY KALEDA
TRUSTEE2.793.10Yes (X)$0$0$0
PATRICIA KANE
TRUSTEE0.460.69Yes (X)$0$0$0
TRACEY KAVANAGH
TRUSTEE0.690.00Yes (X)$0$0$0
MARC KRAMER
TRUSTEE0.671.06Yes (X)$0$0$0
JASON LIMSON
TRUSTEE0.150.00Yes (X)$0$0$0
BARBARA LOGAN
TRUSTEE0.771.31Yes (X)$0$0$0
GUY MENONNA
TRUSTEE0.230.31Yes (X)$0$0$0
ARI MOMA
TRUSTEE0.510.74Yes (X)$0$0$0
ROBERT OLIVER
TRUSTEE0.791.25Yes (X)$0$0$0
ALLYSON SELBY
TRUSTEE0.540.00Yes (X)$0$0$0
STACIE WILLIAMS
TRUSTEE0.290.29Yes (X)$0$0$0
DENNIS ZGODA
TRUSTEE0.520.98Yes (X)$0$0$0
RONALD F LAMY
CEO17.5017.50$0$369,988$41,760Yes (X)
CHRISTOPHER ROSETTI
COO17.5017.50$0$271,849$41,760Yes (X)
DAVID STUTSRIM
IT MANAGER17.5017.50$0$169,187$41,760Yes (X)
LINDA WHELTON
BENEITS DEPT MGR35.000.00$0$141,134$41,760Yes (X)
ALICIA BUCHAN
CONTROLLER17.5017.50$0$138,900$41,760Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$1,091,058TotReportableCompRltdOrgAmt
Total Other Compensation$208,800TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
MILLIMAN INC
1 PENNSYLVANIA PLAZANEW YORKNY10119ACTUARY$358,045
PROSKAUER ROSE LLP
11 TIMES SQUARENEW YORKNY10036PLAN CO-COUNSEL$243,842
COHEN WEISS SIMON LLP
330 WEST 42ND STREETNEW YORKNY10035PLAN CO-COUNSEL$159,226
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EMPLOYER CONTRIBUTIONS525100$579,031,907$579,031,907
PARTICIPANT COBRA CONTRIBUTIONS525100$2,125,140$2,125,140
HRA CLAIM PAYMENT REFUNDS525100$50$50
FieldValueIRS element (for citing)
Total Program Service Revenue$581,157,097TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,552,604TotalRevenueColumnAmt
Exclusion$3,552,604ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$584,709,701TotalRevenueColumnAmt
Related Or Exempt Func Income$581,157,097RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$3,552,604ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$553,411,809TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$362,678TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,448,053TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$275,797TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$600,339TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$143,975TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$406,069TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$111,266TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$2,369TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$365,759TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$203,939TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$91,375TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$75,284TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$21,177TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$45,725TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$20,875TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$90,375TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmt
ACA REPORTING$28,474
PROFESSIONAL MEMBERSHIP$4,636
RECRUITMENT$184

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$557,710,158TotalAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$68,163,122BOYAmt
EOY$92,427,780EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$12,222,598BOYAmt
EOY$11,820,860EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$387,339BOYAmt
EOY$395,035EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$280,752LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$230,104LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$71,523BOYAmt
EOY$50,648EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$15,203,004EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$80,844,582BOYAmt
EOY$119,897,327EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,486,008BOYAmt
EOY$1,292,909EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$59,267,975BOYAmt
EOY$71,509,670EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$60,753,983BOYAmt
EOY$72,802,579EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$20,090,599BOYAmt
EOY$47,094,748EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$20,090,599BOYAmt
EOY$47,094,748EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$80,844,582BOYAmt
EOY$119,897,327EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$26,999,543ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$4,606NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$280,752OtherCostOrOtherBasisAmt
Depreciation$230,104DepreciationAmt
Book Value$50,648BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$50,648TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
CLAIMS RESERVE$54,031,000
SELF-FUNDED BENEFITS PAYABLE$15,568,424
HRA BENEFIT PAYABLE$1,688,801
POSTRETIREMENT - BRIDGE TO MEDICARE$221,445
FieldValueIRS element (for citing)
Total Liability$71,509,670TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$584,712,598TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$4,606NetUnrealizedGainsInvstAmt
Revenue Not Reported$4,606RevenueNotReportedAmt
Revenue Subtotal$584,707,992RevenueSubtotalAmt
Investment Expenses Not Incld$1,709InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$1,709RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$584,709,701TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$557,708,449TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$557,708,449ExpensesSubtotalAmt
Investment Expenses Not Incld2$1,709InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$1,709ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$557,710,158TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FUND MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FUND, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
RONALD F LAMY
CEO$0$369,988$0$0$0$0$0$12,376$0$29,384$0$411,748$0$0
CHRISTOPHER ROSETTI
COO$0$271,849$0$0$0$0$0$12,376$0$29,384$0$313,609$0$0
DAVID STUTSRIM
IT MANAGER$0$169,187$0$0$0$0$0$12,376$0$29,384$0$210,947$0$0
LINDA WHELTON
BENEITS DEPT MGR$0$141,134$0$0$0$0$0$12,376$0$29,384$0$182,894$0$0
ALICIA BUCHAN
CONTROLLER$0$138,900$0$0$0$0$0$12,376$0$29,384$0$180,660$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE HIGHEST PAID EMPLOYEES (KEY EMPLOYEES) ARE ALSO EMPLOYEES OF THE NEW YORK NURSES ASSOCIATION PENSION PLAN A 401 (A) DEFINED BENEFITS PENSION PLAN. THE NEW YORK STATE NURSES ASSOCIATION BENEFITS FUND SHARED MEMBERS, EMPLOYEES AND TRUSTEES WITH THE NEW YORK STATE NURSES ASSOCIATION PENSION PLAN. AN ALLOCATION STUDY IS CONDUCTED ANNUALLY BY OUR INDEPENDENT ACCOUNTANT AND SALARIES ARE ALLOCATED BASED ON THE RESULTS OF THE ALLOCATION STUDY.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2NYSNA BENEFITS FUND TRUSTEE DEPUTY EXECUTIVE DIRECTOR BUSINESS RELATIONSHIP NYSNA BENEFITS FUND TRUSTEE CFO BUSINESS RELATIONSHIP NYSNA BENEFITS FUND TRUSTEE EXECUTIVE DIRECTOR BUSINESS RELATIONSHIP
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE TRUSTEES AND KEY EMPLOYEES ARE REQUESTED TO IMMEDIATELY NOTIFY THE CEO OR COO OF ANY CONFLICTS OF INTEREST. TRUSTEES AND ALL EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL QUESTIONNAIRE REGARDING CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15LINE 15A - COMPENSATION FOR THE CEO, IS ESTABLISHED USING DATA FROM COMPENSATION CONSULTANTS, INDEPENDENT COMPENSATION SURVEYS AND BENCHMARKS. COMPENSATION PROPOSALS ARE THEN REVIEWED AND RECOMMENDED BY THE PERSONNEL/COMPENSATION COMMITTEE AND FORMALLY APPROVED BY THE BOARD OF TRUSTEES. THE COMPENSATION LEVEL FOR THE CEO WAS REVIEWED AND APPROVED IN 2023. LINE 15B - COMPENSATION FOR THE CHIEF OPERATING OFFICERS AND CHIEF INVESTMENT OFFICER IS ESTABLISHED USING DATA FROM COMPENSATION CONSULTANTS, INDEPENDENT COMPENSATION SURVEYS AND BENCHMARKS. COMPENSATION PROPOSALS FOR THE CHIEF INVESTMENT OFFICER ARE REVIEWED AND RECOMMENDED BY THE PERSONNEL/COMPENSATION COMMITTEE AND FORMALLY APPROVED BY THE BOARD OF TRUSTEES. THE COMPENSATION LEVEL FOR THE CHIEF INVESTMENT OFFICER WAS REVIEWED AND APPROVED IN 2024. COMPENSATION FOR THE CHIEF OPERATING OFFICER IS APPROVED BY THE BOARD OF TRUSTEES IN CONJUNCTION WITH OPERATING BUDGET.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS THAT ARE REQUIRED BY LAW TO BE AVAILABLE FOR PUBLIC INSPECTION ARE SENT BY MAIL UPON REQUEST.
FORM 990, PART XII, LINE 2C:THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (48 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
AO FOX MEMORIAL HOSPITAL
1 NORTON AVEONEONTANY13820150539039HOSPITALNY501(C)(3)LINE 3N/A0
ALBERT EINSTEIN COLLEGE OF MEDICINE
1300 MORRIS PARK AVEBRONXNY104611975131624225CLINICNY501(C)(3)LINE 3N/A0
ALICE HYDE MEDICAL CENTER
133 PARK STMALONENY12953150346515HOSPITALNY501(C)(3)LINE 3N/A0
BRONXCARE HEALTH SYSTEM
1650 GRAND CONCOURSEBRONXNY10457131974191HOSPITALNY501(C)(3)LINE 3N/A0
BRONXCARE SPECIAL CARE
1265 FULTON AVEBRONXNY10456133479996NURSINGNY501(C)(3)LINE 10N/A0
CABRINI OF WESTCHESTER
115 BROADWAYDOBBS FERRYNY10522237063399NURSINGNY501(C)(3)LINE 10N/A0
CANTON-POTSDAM HOSPITAL
50 LEROY STPOTSDAMNY13676161012691HOSPITALNY501(C)(3)LINE 3N/A0
CENTERLIGHT HEALTH CARE
612 ALLERTON AVEBRONXNY104677404131739920HOSPITALNY501(C)(3)LINE 3N/A0
CHAMPLAIN VALLEY PHYSICIANS
214 CORNELIA STPLATTSBURGHNY12901141338471HOSPITALNY501(C)(3)LINE 3N/A0
ELMHURST HOSPITAL
79-01 BROADWAYELMHURSTNY11373131624096HOSPITALNY501(C)(3)LINE 3N/A0
FLUSHING HOSPITAL MEDICAL
4500 PARSON BLVDFLUSHINGNY113552100111631781HOSPITALNY501(C)(3)LINE 3N/A0
GARNET HEALTH MEDICAL CENTER CATSKILLS
707 EAST MAIN STREETMIDDLETOWNNY10904146049030HOSPITALNY501(C)(3)LINE 3N/A0
GOUVERNEUR HOSPITAL
77 W BARNEY STGOUVERNEURNY13642464249555HOSPITALNY501(C)(3)LINE 3N/A0
GRACIE SQUARE MEDICAL CENTER
420 EAST 76TH STNEW YORKNY100213104133746997HOSPITALNY501(C)(3)LINE 3N/A0
INTERFAITH MEDICAL CENTER
1545 ATLANTIC AVEBROOKLYNNY112131166112626155HOSPITALNY501(C)(3)LINE 3N/A0
KINGSBROOK JEWISH MEDICAL
585 SCHENECTADY AVEBROOKLYNNY112031891111631759HOSPITALNY501(C)(3)LINE 3N/A0
MAIMONIDES MEDICAL CENTER
4802 TENTH AVEBROOKLYNNY11219111635081HOSPITALNY501(C)(3)LINE 3N/A0
MASSENA HOSPITAL
1 HOSPITAL DRIVEMASSENANY13662843134268HOSPITALNY501(C)(3)LINE 3N/A0
MT SINAI MORNINGSIDEMT SINAI WEST
555 W 57TH ST 19TH FLNEW YORKNY100191192132997301HOSPITALNY501(C)(3)LINE 3N/A0
NEW JEWISH HOME
120 W 106TH STREETNEW YORKNY10025131624033NURSINGNY501(C)(3)LINE 3N/A0
NEW YORK EYE & EAR INFIRMARY
310 EAST 14TH STNEW YORKNY10003135562304HOSPITALNY501(C)(3)LINE 3N/A0
NY PRESBYTERIAN BROOKLYN METHODIST
506 6TH AVEBROOKLYNNY112153645111631796HOSPITALNY501(C)(3)LINE 3N/A0
NY PRESBYTERIANCOLUMBIA UNIV HOSP
622 WEST 168TH STNEW YORKNY100323784133957095HOSPITALNY501(C)(3)LINE 3N/A0
NYACK HOSPITAL
160 NORTH MIDLAND AVENYACKNY10960131740119HOSPITALNY501(C)(3)LINE 3N/A0
NYSNA PENSION PLAN
PO BOX 12430ALBANYNY12212136604799PENSION PLANNYN/A0
PARKER JEWISH INSTITUTE FOR
271-11 76TH AVENEW HYDE PARKNY110401433132631069NURSINGNY501(C)(3)LINE 10N/A0
PECONIC BAY MEDICAL CENTER
1300 ROANOKE AVERIVERHEADNY11901111661359HOSPITALNY501(C)(3)LINE 3N/A0
RICHMOND UNIVERSITY MEDICAL CTR
75 VANDERBILT AVESTATEN ISLANDNY10304743177454HOSPITALNY501(C)(3)LINE 3N/A0
RUTLAND NURSING HOME
585 SCHENECTADY AVEBROOKLYNNY11203112164674HOSPITALNY501(C)(3)LINE 3N/A0
SAMARITAN MEDICAL CENTER
830 WASHINGTON STWATERTOWNNY13601150533577HOSPITALNY501(C)(3)LINE 3N/A0
SOUTH SHORE UNIVERSITY HOSPITAL
301 E MAIN STBAY SHORENY11706060974148HOSPITALNY501(C)(3)LINE 3N/A0
ST JOSEPH HOSPITAL
4925 HEMPSTEAD TPKEBETHPAGENY117145769113438973HOSPITALNY501(C)(3)LINE 3N/A0
ST JOHN'S RIVERSIDE HOSPITAL
967 N BROADWAYYONKERSNY107011301131740126HOSPITALNY501(C)(3)LINE 3N/A0
ST VINCENT'S OPIOID TREATMENT CENTER
170 WEST 12 STNEW YORKNY10011134077996CLINICNY501(C)(3)LINE 3N/A0
ST VINCENT'S WESTCHESTER
275 NORTH STREETHARRISONNY10528131740127HOSPITALNY501(C)(3)LINE 30
STATEN ISLAND UNIVERSITY HOSPITAL
500 SEAVIEW AVESTATEN ISLANDNY103053498112868878HOSPITALNY501(C)(3)LINE 3N/A0
SYOSSET HOSPITAL
221 JERICHO TURNPIKESYOSSETNY11791111562701HOSPITALNY501(C)(3)LINE 3N/A0
TERENCE CARDINAL COOKE
1249 5TH AVENEW YORKNY100294437133007801HOSPITALNY501(C)(3)LINE 3N/A0
THE BROOKLYN HOSPITAL
121 DEKALB AVEBROOKLYNNY112015493111630755HOSPITALNY501(C)(3)LINE 3N/A0
THE COUNTY OF SULLIVAN
100 NORTH STMONTICELLONY127011160146002812NURSINGNY501(C)(3)LINE 6N/A0
THE COUNTY OF WESTCHESTER
1448 MARTINE AVEWHITE PLAINSNY10601136007353NURSINGNY501(C)(3)LINE 6N/A0
THE HEALTHALLIANCE HOSPITAL
396 BROADWAYKINGSTONNY12401141338470HOSPITALNY501(C)(3)LINE 3N/A0
THE MOUNT SINAI HOSPITAL
ONE GUSTAVE L LEVY PLACENEW YORKNY10029131624096HOSPITALNY501(C)(3)LINE 3N/A0
UNION COMMUNITY HEALTH
260 EAST 188TH STBRONXNY10458134074478MENTAL HEALTHNY501(C)(3)LINE 3N/A0
US FAMILY HEALTH PLAN AT MITCHELL FIELD
75 VANDERBILT AVESTATEN ISLANDNY10304134077996CLINICNY501(C)(3)LINE 3N/A0
VASSAR BROTHERS MED CTR
READE PLACEPOUGHKEEPSIENY126013990141338586HOSPITALNY501(C)(3)LINE 3N/A0
VISITING NURSES ASSOCIATION
400 LAKE AVESTATEN ISLANDNY103032629175562377NURSINGNY501(C)(3)LINE 3N/A0
WYCKOFF HEIGHTS MEDICAL CENTER
350 STANHOPE STBROOKLYNNY112374099111631837HOSPITALNY501(C)(3)LINE 3N/A0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
NYSNA PENSION PLAN
N$1,235,951SEE R VII
NYSNA PENSION PLAN
O$1,513,775SEE R VII

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE R GROUP EXEMPTION RELATIONSHIPSTHE NEW YORK STATE NURSES ASSOCIATION BENEFITS FUND AND PENSION PLAN SHARE FACILITIES, EQUIPMENT, SUPPLIES, AND EMPLOYEES. WE CONDUCT AN ALLOCATION STUDY AND DETERMINE THE PERCENTAGE OF COST FOR EACH PLAN. THE PLANS THEN FUND A JOINT CHECKING ACCOUNT WHICH PAYS EXPENSES.
SCHEDULE R ADDITIONAL INFORMATIONTHE NEW YORK STATE NURSES ASSOCIATION BENEFITS FUND AND PENSION PLAN SHARE FACILITIES, EQUIPMENT, SUPPLIES, AND EMPLOYEES. WE CONDUCT AN ALLOCATION STUDY AND DETERMINE THE PERCENTAGE OF COST FOR EACH PLAN. THE PLANS THEN FUND A JOINT CHECKING ACCOUNT WHICH PAYS EXPENSES.