NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS TR: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS TR (EIN 22-2480854)
- Tax period
- 2015-09-01 to 2016-08-31
- Filed
- 2017-01-16
- IRS object ID
- 201720189349301002
- Schema version
- 2015v3.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-01-16T00:00:00-06:00 | ReturnTs |
| Tax Period End | 2016-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 131578842 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BUCHBINDER TUNICK & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6720-A ROCKLEDGE DRIVE SUITE 510 | AddressLine1Txt |
| City | BETHESDA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20817 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222480854 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW YORK STATE UNITED | BusinessNameLine1Txt |
| Business Name Line2 | TEACHERS MEMBER BENEFITS TRUST | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWY | BusinessNameControlTxt |
| Phone | 5182136000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 TROY SCHENECTADY ROAD | AddressLine1Txt |
| City | LATHAM | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 121102455 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARTIN MESSNER | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 5182136000 | PhoneNum |
| Signature | 2017-01-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN ZIMMERMAN | PreparerPersonNm |
| PTIN | P01049106 | PTIN |
| Phone | 2402001400 | PhoneNum |
| Preparation | 2017-01-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARTIN MESSNER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 TROY SCHENECTADY ROAD | AddressLine1Txt |
| City | LATHAM | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 121102455 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $18,825,987 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | HTTP://MEMBERBENEFITS.NYSUT.ORG | WebsiteAddressTxt |
| Type Of Organization Trust | Yes (X) | TypeOfOrganizationTrustInd |
| Formation | 1983 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $37,660,696 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,274,190 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,616,733 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,155,228 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,743,943 | PYOtherRevenueAmt |
| CY Other Revenue | $7,217,494 | CYOtherRevenueAmt |
| PY Total Revenue | $45,021,372 | PYTotalRevenueAmt |
| CY Total Revenue | $12,646,912 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $5,313,276 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $3,159,575 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,199,064 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,663,667 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,451,222 | PYOtherExpensesAmt |
| CY Other Expenses | $2,488,173 | CYOtherExpensesAmt |
| PY Total Expenses | $15,963,562 | PYTotalExpensesAmt |
| CY Total Expenses | $9,311,415 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $29,057,810 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,335,497 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $101,968,721 | TotalAssetsBOYAmt |
| Total Assets EOY | $54,828,180 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $32,157,612 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $31,854,358 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $69,811,109 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $22,973,822 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | ENDORSING QUALITY PROGRAMS THAT ARE COMPETITIVELY PRICED AND ARE DESIGNED TO PROVIDE FINANCIAL EDUCATION AND SECURITY FOR MEMBERS AND THEIR FAMILIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | Yes (1) | SignificantChangeInd |
| Desc | NYSUT AND GROUP LEGAL SERVICE PLANPROVIDES LEGAL ASSISTANCE FOR LEGAL MATTERS. FOR THE YEAR ENDING 8/31/16, THERE WERE, ON AVERAGE, 95,425 PARTICIPANTS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | VOLUNTARY TERM LIFEPROVIDES TERM LIFE INSURANCE COVERAGE TO MEMBERS AND SPOUSES OR DOMESTIC PARTNERS. FOR THE YEAR ENDING 8/31/16, THERE WERE, ON AVERAGE, 77,825 PARTICIPANTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GROUP TERM LIFEPROVIDES TERM LIFE INSURANCE COVERAGE TO MEMBERS AND SPOUSES OR DOMESTIC PARTNERS. FOR THE YEAR ENDING 8/31/16, THERE WERE, ON AVERAGE, 59,500 PARTICIPANTS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | Yes (1) | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 7 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JACLYN FERRUCCI | PersonNm |
| Phone | 5182136000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 TROY SCHENECTADY ROAD | AddressLine1Txt |
| City | LATHAM | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 121102455 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| RODERICK SHERMAN | ||||||||
| TRUSTEE-SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ROBERT LESNIEWSKI | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $239,287 | $101,563 | |||
| ARTHUR PEPPER | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $14,871 | $0 | |||
| LORETTA DONLON | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $15,171 | $0 | |||
| MATTHEW HILL | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $14,871 | $0 | |||
| MARTIN MESSNER | ||||||||
| TRUSTEE-CHAIR | 7.00 | Yes (X) | Yes (X) | $0 | $253,362 | $100,558 | ||
| PAUL PECORALE | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $112,063 | $67,946 | |||
| KEVIN PETERMAN | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $14,871 | $0 | |||
| FLORENCE MCCUE | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $14,871 | $0 | |||
| THOMAS MCMAHON | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFFREY HARTNETT | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $181,401 | $88,767 | |||
| LYNETTE METZ | ||||||||
| DIRECTOR OF MEMBER BENEFITS | 35.00 | $0 | $211,382 | $95,618 | Yes (X) | |||
| MICHAEL TRAVINSKI | ||||||||
| ASSOC GENERAL COUNSEL | 11.00 | $0 | $179,106 | $80,600 | Yes (X) | |||
| JEFFREY LOCKWOOD | ||||||||
| DIRECTOR OF FINANCE | 2.00 | $0 | $169,477 | $86,571 | Yes (X) | |||
| KATHYRN MAGUIRE | ||||||||
| ASSISTANT IN MEMBER BENEFITS | 35.00 | $0 | $145,617 | $59,770 | Yes (X) | |||
| DEREK CLEMENT | ||||||||
| ASSISTANT IN MEMBER BENEFITS | 35.00 | $0 | $148,870 | $79,194 | Yes (X) | |||
| DONALD COLLIGAN | ||||||||
| ASSISTANT IN MEMBER BENEFITS | 35.00 | $0 | $145,335 | $60,294 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,860,555 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $820,881 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | Yes (1) | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MERCER CONSUMER | |||||
| 12421 MEREDITH DRIVE | URBANDALE | IA | 50398 | CLAIMS PROCESSOR; RECORDKEEPER & INFORMA | $475,570 |
| HEALTH ADVOCATE INC | |||||
| 3043 WALTON RD STE 150 | PLYMOUTH MEETING | PA | 19462 | CONSULTING | $338,788 |
| STACEY BRAUN ASSOCIATES INC | |||||
| 377 BROADWAY | NEW YORK | NY | 100133934 | INVESTMENT ADVISER | $222,854 |
| BENCHEMARK PRINTING INC | |||||
| PO BOX 1031 | SCHENECTADY | NY | 12301 | PRINTING | $115,887 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PARTICIPANT CONTRIBS | 524292 | $3,658,598 | $3,658,598 |
| SERVICE FEE | 561000 | $615,592 | $615,592 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,274,190 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $979,193 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $143,810 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $835,383 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,355,110 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,179,075 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $176,035 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $176,035 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $176,035 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| EXP. REIMB./ENDORSEMENT FEES | 900099 | $7,589,567 | $7,589,567 |
| EQUIPMENT RENTAL | 532420 | $2,400 | $2,400 |
| NET EARNINGS/(LOSS) OF SUBSIDIARY | 900099 | -$374,473 | -$374,473 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $7,217,494 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,646,912 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,811,529 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $835,383 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,159,575 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,305,301 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $828,572 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $349,353 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $180,441 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,939 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,782 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $160,305 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,469 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $690,061 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,662 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $732,289 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $388,517 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,020 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,152 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,560 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,405 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| ADMINISTRATIVE SERVICE | $105,858 |
| SECURITY SERVICES | $3,508 |
| STAFF TRAINING | $1,387 |
| MISCELLANEOUS | $259 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,311,415 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100 | BOYAmt |
| EOY | $100 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,995,764 | BOYAmt |
| EOY | $11,309,676 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,798,969 | BOYAmt |
| EOY | $1,874,027 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,046 | BOYAmt |
| EOY | $19,758 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,269,787 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,242,468 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,879 | BOYAmt |
| EOY | $27,319 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,703,144 | BOYAmt |
| EOY | $25,989,552 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,836,823 | BOYAmt |
| EOY | $14,815,263 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $541,996 | BOYAmt |
| EOY | $792,485 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,968,721 | BOYAmt |
| EOY | $54,828,180 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,727,038 | BOYAmt |
| EOY | $8,987,171 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,319,799 | BOYAmt |
| EOY | $74,700 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,110,775 | BOYAmt |
| EOY | $22,792,487 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,157,612 | BOYAmt |
| EOY | $31,854,358 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,811,109 | BOYAmt |
| EOY | $22,973,822 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,811,109 | BOYAmt |
| EOY | $22,973,822 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,968,721 | BOYAmt |
| EOY | $54,828,180 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,335,497 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,401,315 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$51,574,099 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $22,110,775 | BeginningYearBalanceAmt |
| Contributions | $694,212 | ContributionsAmt |
| Other Expenditures | $500 | OtherExpendituresAmt |
| Administrative Expenses | $12,000 | AdministrativeExpensesAmt |
| End Year Balance | $22,792,487 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $21,306,978 | BeginningYearBalanceAmt |
| Contributions | $815,797 | ContributionsAmt |
| Administrative Expenses | $12,000 | AdministrativeExpensesAmt |
| End Year Balance | $22,110,775 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,326,772 | BeginningYearBalanceAmt |
| Contributions | $992,206 | ContributionsAmt |
| Administrative Expenses | $12,000 | AdministrativeExpensesAmt |
| End Year Balance | $21,306,978 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $19,719,796 | BeginningYearBalanceAmt |
| Contributions | $965,355 | ContributionsAmt |
| Other Expenditures | $176,000 | OtherExpendituresAmt |
| Administrative Expenses | $182,379 | AdministrativeExpensesAmt |
| End Year Balance | $20,326,772 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $19,306,491 | BeginningYearBalanceAmt |
| Contributions | $539,123 | ContributionsAmt |
| Administrative Expenses | $125,818 | AdministrativeExpensesAmt |
| End Year Balance | $19,719,796 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 1.00000 | BoardDesignatedBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $591,050 | OtherCostOrOtherBasisAmt |
| Depreciation | $591,050 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $287,667 | OtherCostOrOtherBasisAmt |
| Depreciation | $287,667 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $391,070 | OtherCostOrOtherBasisAmt |
| Depreciation | $363,751 | DepreciationAmt |
| Book Value | $27,319 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $27,319 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | WELLINGTON TRUST CORE BOND FUND | Desc |
| Book Value | $14,815,263 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $14,815,263 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PREMIUM STABILIZATION AND OTHER RESERVES | Desc |
| Amt | $22,792,487 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $22,792,487 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART V, LINE 4: | FormAndLineReferenceDesc |
| Explanation | PREMIUM STABILIZATION RESERVES HAVE BEEN ESTABLISHED BY THE TRUST AND INSURANCE PROVIDERS FOR CERTAIN GROUP INSURANCE ARRANGEMENTS. THESE ARRANGEMENTS PROVIDE FOR THE RETURN TO THE NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS TRUST OF A PORTION OF EARNED PREMIUMS WHEN BENEFIT EXPERIENCE IN A POLICY YEAR IS FAVORABLE. THE AMOUNTS RETURNED ARE HELD IN RESERVE BY THE TRUST FOR THE EXCLUSIVE BENEFIT OF THE TRUST'S PARTICIPANTS. THE BENEFIT PROGRAMS WHICH HAVE PREMIUM STABILIZATION RESERVES INCLUDE THE FOLLOWING INSURANCES: TERM LIFE, DISABILITY, GROUP DENTAL AND INDIVIDUAL DENTAL. SOME RESERVES MAY BE USED TO OFFSET PROGRAM LOSSES OR CERTAIN EXPENSES RELATED DIRECTLY TO THAT PROGRAM. OTHER RESERVES HAVE BEEN ESTABLISHED TO SET ASIDE FUNDS EARMARKED FOR SPECIFIC BENEFIT PURPOSES. THOSE BENEFITS INCLUDE HOMEOWNERS INSURANCE AND LEGAL SERVICE PLAN CONFLICT RESOLUTION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROBERT LESNIEWSKI | ||||||||||||||
| TRUSTEE | $0 | $226,837 | $0 | $0 | $0 | $12,450 | $0 | $61,452 | $0 | $40,111 | $0 | $340,850 | $0 | $0 |
| MARTIN MESSNER | ||||||||||||||
| TRUSTEE-CHAIR | $0 | $253,362 | $0 | $0 | $0 | $0 | $0 | $61,093 | $0 | $39,465 | $0 | $353,920 | $0 | $0 |
| PAUL PECORALE | ||||||||||||||
| TRUSTEE | $0 | $94,063 | $0 | $0 | $0 | $18,000 | $0 | $25,693 | $0 | $42,253 | $0 | $180,009 | $0 | $0 |
| JEFFREY HARTNETT | ||||||||||||||
| TRUSTEE | $0 | $181,401 | $0 | $0 | $0 | $0 | $0 | $47,164 | $0 | $41,603 | $0 | $270,168 | $0 | $0 |
| LYNETTE METZ | ||||||||||||||
| DIRECTOR OF MEMBER BENEFITS | $0 | $211,382 | $0 | $0 | $0 | $0 | $0 | $54,865 | $0 | $40,753 | $0 | $307,000 | $0 | $0 |
| MICHAEL TRAVINSKI | ||||||||||||||
| ASSOC GENERAL COUNSEL | $0 | $179,106 | $0 | $0 | $0 | $0 | $0 | $45,367 | $0 | $35,233 | $0 | $259,706 | $0 | $0 |
| JEFFREY LOCKWOOD | ||||||||||||||
| DIRECTOR OF FINANCE | $0 | $169,477 | $0 | $0 | $0 | $0 | $0 | $44,979 | $0 | $41,592 | $0 | $256,048 | $0 | $0 |
| KATHYRN MAGUIRE | ||||||||||||||
| ASSISTANT IN MEMBER BENEFITS | $0 | $145,617 | $0 | $0 | $0 | $0 | $0 | $37,225 | $0 | $22,545 | $0 | $205,387 | $0 | $0 |
| DEREK CLEMENT | ||||||||||||||
| ASSISTANT IN MEMBER BENEFITS | $0 | $148,870 | $0 | $0 | $0 | $0 | $0 | $38,565 | $0 | $40,629 | $0 | $228,064 | $0 | $0 |
| DONALD COLLIGAN | ||||||||||||||
| ASSISTANT IN MEMBER BENEFITS | $0 | $141,963 | $0 | $0 | $0 | $3,372 | $0 | $37,225 | $0 | $23,069 | $0 | $205,629 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, PAUL PECORALE | FormAndLineReferenceDesc |
| Explanation | THIS OFFICER IS CURRENTLY UNDER A COMPENSATION ARRANGEMENT WHERE A RELATED ORGANIZATION TO THE FILING ORGANIZATION PAYS SOME OF THIS OFFICER'S COMPENSATION AND AN UNRELATED ORGANIZATION (PATCHOGUE-MEDFORD SCHOOL DISTRICT) PAYS THE REMAINDER OF THE COMPENSATION. FOR 2015, THE AMOUNT PAID TO PAUL PECORALE BY PATCHOGUE-MEDFORD SCHOOL DISTRICT TOTALED $160,473 WHICH INCLUDES WAGES AND RETIREMENT. | ExplanationTxt |
Schedule N IRS990ScheduleN
Disposition Of Assets Detail DispositionOfAssetsDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Distri Or Expnss Paid | THE ASSETS AND LIABILITIES THAT RESULTED FROM THE TRUST'S CATASTROPHE MAJOR MEDICAL PLAN. | AssetsDistriOrExpnssPaidDesc |
| Distribution | 2015-09-01 | DistributionDt |
| Fair Market Value Of Asset | $51,574,099 | FairMarketValueOfAssetAmt |
| Method Of FMV Determination | ACTUAL COSTS AND/OR FMV | MethodOfFMVDeterminationTxt |
| EIN | 477358956 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NYSUT MEMBER BENEFITS CATASTROPHE MAJOR MEDICAL INSURANCE TRUST | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 TROY SCHENECTADY ROAD | AddressLine1Txt |
| City | LATHAM | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 121102455 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | 501(C)(5) | IRCSectionTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | Yes (1) | DirectorOfSuccessor2Ind |
| Employee Of Successor2 | 0 | EmployeeOfSuccessor2Ind |
| Owner Of Successor2 | 0 | OwnerOfSuccessor2Ind |
| Receive Compensation2 | 0 | ReceiveCompensation2Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART II, LINE 2E: | PERSON(S) INVOLVED: RODERICK SHERMAN, ARTHUR PEPPER, AND JEFFREY HARTNETT. |
| PART II, LINE 2E: | EXPLANATION OF INVOLVEMENT: ALSO TRUSTEES OF NYSUT MEMBER BENEFITS CATASTROPHE MAJOR MEDICAL INSURANCE TRUST. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 3 | THE CATASTROPHE MAJOR MEDICAL PLAN (PROGRAM) WAS SPONSORED AND ADMINISTERED BY NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS TRUST (TRUST) PRIOR TO SEPTEMBER 1, 2015. EFFECTIVE SEPTEMBER 1, 2015, THE NEW YORK STATE UNITED TEACHERS (NYSUT) MEMBER BENEFITS CATASTROPHE MAJOR MEDICAL INSURANCE TRUST BECAME THE SOLE PLAN SPONSOR AND PLAN ADMINISTRATOR OF THE PROGRAM. |
| FORM 990, PART VI, SECTION A, LINE 2 | NAME RELATIONSHIP ORGANIZATION RODERICK SHERMAN BUSINESS NYSUT MEMBER BENEFITS CORPORATION LYNETTE METZ BUSINESS NYSUT MEMBER BENEFITS CORPORATION ARTHUR PEPPER BUSINESS NYSUT MEMBER BENEFITS CORPORATION ROBERT LESNIEWSKI BUSINESS NYSUT MEMBER BENEFITS CORPORATION PAUL PECORALE BUSINESS NYSUT MEMBER BENEFITS CORPORATION JEFFREY HARTNETT BUSINESS NYSUT MEMBER BENEFITS CORPORATION |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO ITS FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | TRUSTEES AND TRUST EMPLOYEES ARE COVERED UNDER THE POLICY/CODE OF ETHICS, WHICH APPOINTS AN ETHICS COMPLIANCE OFFICER, WHO IS RESPONSIBLE FOR ADMINISTERING, IMPLEMENTING, INTERPRETING AND ENFORCING THE POLICY. EACH TRUSTEE AND TRUST EMPLOYEE MUST SIGN AND SUBMIT WRITTEN ACKNOWLEDGMENT STATING THAT HE OR SHE HAS RECEIVED THE POLICY. IN ADDITION, EACH TRUSTEE SHALL BE REQUIRED TO SUBMIT ANNUALLY AN ETHICS COMPLIANCE FORM. TRUSTEES AND TRUST EMPLOYEES WHO BECOME AWARE OF, OR REASONABLY SHOULD HAVE BECOME AWARE, THAT THEY HAVE A CONFLICT OF INTEREST, HAVE A DUTY NOT ONLY TO DISCLOSE THAT CONFLICT, BUT TO CURE IT (NORMALLY BY PROMPTLY ELIMINATING THE CONFLICT OR REFRAINING FROM TAKING ACTION ON A PARTICULAR TRUST MATTER AS TO WHICH A CONFLICT EXISTS), IF A CURE IS REQUIRED. A CONFLICT OF INTEREST ARISES WHENEVER A TRUSTEE OR TRUST EMPLOYEE HAS AN INTEREST WITH AN INDIVIDUAL OR ORGANIZATION WHICH HAS OR IS SEEKING TO ENTER INTO A TRANSACTION, ARRANGEMENT, OR OTHER RELATIONSHIP WITH THE TRUST, INCLUDING, WITHOUT LIMITATION, AN ENDORSEMENT ARRANGEMENT, OR STANDS TO OBTAIN A BENEFIT THEREFROM. A CONFLICT OF INTEREST MAY ALSO ARISE AS A RESULT OF A PERSONAL OR PROFESSIONAL RELATIONSHIP BETWEEN A TRUSTEE OR TRUST EMPLOYEE AND THIRD PARTIES, COMMONLY REFERRED TO AS A "RELATED-PARTY TRANSACTION." |
| FORM 990, PART VI, SECTION B, LINE 15 | THIS ORGANIZATION, AND ALL ITS RELATED ORGANIZATIONS, DETERMINES COMPENSATION OF ALL ITS OFFICERS AND KEY EMPLOYEES ANNUALLY EITHER BY A) COMPLIANCE WITH COLLECTIVE BARGAINING AGREEMENTS FOR INDIVIDUALS COVERED BY THE CBAS OR B) THE BOARD OF DIRECTORS OF THE PARENT ORGANIZATION, NEW YORK STATE UNITED TEACHERS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT MAKE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE FORM 5500 FILED WITH THE EMPLOYEE BENEFIT SECURITY ADMINISTRATION (US DEPARTMENT OF LABOR) IS MADE AVAILABLE TO PLAN PARTICIPANTS. |
| FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B | HOURS FOR RELATED ORGANIZATIONS SOME OF THE OFFICERS AND DIRECTORS LISTED IN PART VII, SECTION A, LINE 1A ALSO SERVE IN SIMILAR ROLES FOR RELATED ORGANIZATIONS. THE HOURS LISTED IN PART VII COLUMN B REFLECT THE AVERAGE HOURS PER WEEK FOR THIS ORGANIZATION ONLY. THE HOURS WORKED FOR RELATED ORGANIZATIONS ARE REFLECTED ON THE RESPECTIVE ORGANIZATIONS' FORM 990. CERTAIN KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES LISTED IN PART VII, SECTION A, LINE 1A ALSO PERFORM WORK IN VARYING CAPACITIES FOR RELATED ORGANIZATIONS. THE TOTAL HOURS THAT THESE EMPLOYEES WORK ON AVERAGE IS BETWEEN 35 AND 40 HOURS PER WEEK FOR THIS AND RELATED ORGANIZATIONS. |
| FORM 990, PART XI, LINE 9: | TRANSFER OF NET ASSETS AVAILABLE FOR BENEFITS TO NYSUT MB CMM INS TRUST -51,574,099. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| NEW YORK STATE UNITED TEACHERS | ||||||||||
| 800 TROY SCHENECTADY ROAD | LATHAM | NY | 121102455 | 141584772 | LABOR ORGANIZATION | NY | 501(C)(5) | N/A | 0 | |
| NYSUT BUILDING CORPORATION | ||||||||||
| 800 TROY SCHENECTADY ROAD | LATHAM | NY | 121102455 | 141700200 | BUILDING CORPORATION | NY | 501(C)(2) | N/A | 0 | |
| NYSUT RETIREE VEBA HEALTH FUND | ||||||||||
| 800 TROY SCHENECTADY ROAD | LATHAM | NY | 121102455 | 146204878 | BENEFIT PLAN | NY | 501(C)(9) | N/A | 0 | |
| VOICE OF TEACHERS FOR EDUCATIONCOMMITTEE ON POLICAL EDUCATION | ||||||||||
| 800 TROY SCHENECTADY ROAD | LATHAM | NY | 121102455 | 141565672 | POLICAL ACTION COMMITTEE | NY | 527 | N/A | 0 | |
| NYSUT EMPLOYEES RETIREMENT PLAN | ||||||||||
| 800 TROY SCHENECTADY ROAD | LATHAM | NY | 121102455 | 141584772 | NYSUT EMPLOYEE BENEFIT PLAN | NY | 501(A) | N/A | 0 | |
| NYSUT STAFF 401(K) PLAN | ||||||||||
| 800 TROY SCHENECTADY ROAD | LATHAM | NY | 121102455 | 141584772 | NYSUT EMPLOYEE ELECTIVE BENEFIT PLAN | NY | 501(A) | N/A | 0 | |
| NYSUT EDUCATION AND LEARNING TRUST | ||||||||||
| 800 TROY SCHENECTADY ROAD | LATHAM | NY | 121102455 | 166460576 | OFFERS COURSES TO PROMOTE EFFECTIVE TEACHING | NY | 501(C)(3) | N/A | 0 | 170(B)(1)(A)(II) |
| NYSUT DISASTER RELIEF AND SCHOLARSHIP TRUST | ||||||||||
| 800 TROY SCHENECTADY ROAD | LATHAM | NY | 121102455 | 113761261 | PROVIDES DISASTER RELIEF AND SCHOLARSHIPS | NY | 501(C)(3) | N/A | 0 | 170(B)(1)(A)(IV) |
| MARY MULDOON FUND | ||||||||||
| 800 TROY SCHENECTADY ROAD | LATHAM | NY | 121102455 | 146030191 | PRIVATE FOUNDATION | NY | 501(C)(3) | N/A | 0 | PF |
| NYSUT PLAN FOR FORMER EMPLOYEES OF NEA NY PLAN #006 | ||||||||||
| 800 TROY SCHENECTADY ROAD | LATHAM | NY | 121102455 | 141584772 | NYSUT EMPLOYEE BENEFIT PLAN | NY | 501(A) | N/A | 0 | |
| NEW YORKERS FOR A BRIGHTER FUTURE | ||||||||||
| 800 TROY SCHENECTADY ROAD | LATHAM | NY | 121102455 | 273442678 | POLICAL ACTION COMMITTEE | NY | 527 | N/A | 0 | |
| VOICE OF TEACHERS FOR EDUCATIONCOMMITTEE ON POLICAL EDUCATION | ||||||||||
| 800 TROY SCHENECTADY ROAD | LATHAM | NY | 121102455 | 264047272 | POLICAL ACTION COMMITTEE | NY | 527 | N/A | 0 | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NYSUT MEMBER BENEFITS CORPORATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 TROY SCHENECTADY ROAD | AddressLine1Txt |
| City | LATHAM | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 121102455 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263989358 | EIN |
| Primary Activities | MEMBER PROGRAM DISCOUNTS | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | -$374,473 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $809,892 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| NYSUT MEMBER BENEFITS CORPORATION | ||
| A | $143,810 | ACTUAL COSTS AND/OR FMV |
| NYSUT MEMBER BENEFITS CORPORATION | ||
| Q | $220,000 | ACTUAL COSTS AND/OR FMV |
| NYSUT MEMBER BENEFITS CORPORATION | ||
| P | $1,732,011 | ACTUAL COSTS AND/OR FMV |
| NYSUT MEMBER BENEFITS CORPORATION | ||
| D | $7,230,292 | ACTUAL COSTS AND/OR FMV |