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SERGEANTS BENEVOLENT ASSOCIATION HEALTH & WELFARE FUND

NEW YORK, NY · EIN 133704948 · Form 990 · FY2024 · Large ($10M-$50M)
revenue
$27.5M
expenses
$28.6M
net assets
$45.8M
employees
10
mission · from form 990

TO PROVIDE SUPPLEMENTAL HEATH BENEFITS TO COVERED MEMBERS AND THEIR DEPENDENTS.

profile · synthesized from sources

Provides supplemental health benefits to members of the Sergeants Benevolent Association and their dependents. The organization operates as a welfare fund focused on health coverage, serving a defined membership base primarily in New York. No direct public services or broad community programs are described in the filing data.

named programs · 1 · from sources

What they call their work

Supplemental Health Benefits Program
Provides supplemental health insurance coverage to eligible members of the Sergeants Benevolent Association and their dependents
activities · 1 group

What they do

  • Union and Association Benefit Funds 1 activity
    • Provides supplemental health benefits to covered members and their dependents
      Offers supplemental health benefits to members and their dependents, as part of its core operational services.
financials · form 990 · fy2024
revenue
Total revenue$27.52M
Contributions & grants$00%
Program service revenue$25.64M93%
Investment income$1.74M6%
Other revenue$141K
expenses
Total expenses$28.56M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$937K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$51.30M
Cash$36.29M
Investments$5.46M
Liabilities$5.47M
Net assets$45.84M
Liquid reserves17.5 mo
6 years on record · 2019–2024 · YoY revenue +9.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 10
NameTitleHours/wkCompensation
DENNIS OSTERMANN CONTROLLER 2 $233K
ERROL OGMAN BENEFIT FUND MANAGER 38 $164K
VINCENT VALLELONG TRUSTEE 5 $129K
EDMUND SMALL TRUSTEE 5 $83K
ANTHONY BORELLI TRUSTEE 5 $42K
EDWARD GEARY TRUSTEE 5 $42K
DONALD KIPP TRUSTEE 5 $41K
JOHN COLLINS TRUSTEE 5 $36K
WILLIAM MORRISSEY TRUSTEE 5 $24K
MICHAEL PERUGGIA TRUSTEE 5 $17K
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Supplemental Health Coverage
    methodology: supplemental_health_coverage
    By providing supplemental health benefits beyond primary insurance, the organization improves access to care and reduces out-of-pocket costs for members and their dependents, because gaps in coverage are a barrier to consistent healthcare utilization.