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CORRECTION OFFICERS BENEVOLENT ASSOC SECURITY BENEFITS FUND - ACTIVE

EAST ELMHURST, NY · EIN 136163565 · Form 990 · FY2024 · Large ($10M-$50M) · cobanyc.org
revenue
$10.7M
expenses
$15.9M
net assets
$12.4M
employees
0
mission · from form 990

PROVIDE HEALTH AND WELFARE BENEFITS TO ALL ELIGIBLE MEMBERS.

profile · synthesized from sources

Union representing correction officers in New York City, focused on securing health, welfare, and retirement benefits for its members. Advocates for improved working conditions, pension parity, and policy changes affecting correction officers. Provides direct support through benefits administration and legal action to enforce member rights.

named programs · 3 · from sources

What they call their work

COBA Benefits
Administers health and welfare benefits for active and retired correction officers
Rapid Response Delegates
Field unit providing immediate support and representation to correction officers in incidents or disciplinary matters
Variable Supplement Fight
Legal advocacy through Article 78 lawsuit to secure Variable Supplement for correction officers retiring with 20 years of service
activities · 3 groups

What they do

  • Union and Association Benefit Funds 2 activities
    • Administers Variable Supplement Fund (VSF) benefits to retired members
      Provides Variable Supplement Fund (VSF) benefits to correction officers who retire after 20 years of service, including ongoing administrative and oversight responsibilities for benefit distribution.
    • Provides health and welfare benefits to eligible members
      Offers health and welfare benefits to eligible correction officer members, as confirmed through IRS Form 990 reporting.
  • Labor Representation for Law Enforcement 1 activity
    • Advocates for retired correction officers' benefit entitlements through legal action
      Conducts targeted advocacy by pursuing Article 78 lawsuits to secure Variable Supplement payments for retired correction officers in the "CO-22 Plan," including achieving NYCERS consent and filing joint court submissions to affirm eligibility.
  • Organizational Governance & Leadership Development 1 activity
    • Represents and supports members through COBA leadership and event participation
      Engages in member support through representation in COBA events and leadership roles, including service as delegates, trustees, and officers on COBA’s Executive Board, with documented roles dating back to 2012.
financials · form 990 · fy2024
revenue
Total revenue$10.74M
Contributions & grants$00%
Program service revenue$10.32M96%
Investment income$252K2%
Other revenue$171K
expenses
Total expenses$15.95M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$12.42M
Cash$9.33M
Investments$0
Liabilities$57K
Net assets$12.37M
Liquid reserves7.0 mo
4 years on record · 2020–2024 · YoY revenue -5.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 22
NameTitleHours/wkCompensation
BENNY BOSCIO JR CHAIRMAN 1 $252K
GLENN MORGAN TRUSTEE 1 $141K
HERMAN JIMINIAN TRUSTEE 1 $127K
ANGEL CASTRO TRUSTEE 1 $125K
ANTIONETTE ANDERSON TRUSTEE 1 $125K
LIONEL CUMBERBATCH TRUSTEE 1 $123K
NEIL RENIOS TRUSTEE 1 $117K
EDWARD YATES TRUSTEE 1 $103K
KEISHA WILLIAMS TRUSTEE (PAST) 1 $68K
ASHAKI ANTOINE TRUSTEE (PAST) 1 $62K
FELIX SANCHEZ TRUSTEE (PAST) 1 $61K
KAAMAL MOORE TRUSTEE 1 $56K
DANIEL MONACO TRUSTEE 1 $54K
MATTHEW ROMANO TRUSTEE (PAST) 1 $45K
CHARLES WINGATE TRUSTEE (PAST) 1 $45K
DERRICK LASCKO TRUSTEE 1 $43K
LATEESHA HARRIS TRUSTEE 1 $42K
CHRISTOPHER CRUZ TRUSTEE 1 $42K
RODNEY MCQUEEN TRUSTEE 1 $42K
AMADO RICO TRUSTEE(PAST) 1 $42K
MAURICE SMITH TRUSTEE (PAST) 1 $42K
VANESSA QUINONES TRUSTEE 1 $42K
relationships · 5

Who they work with

  • Correction Officers' Benevolent Association Network — Angel Castro holds leadership roles within COBA, including Recording Secretary and oversight of multiple divisions.
  • Federal Monitor Government — Engages with and critiques reports issued by the Federal Monitor regarding conditions in NYC jails.
  • NYCERS Government — Administers pension benefits for correction officers, including the Variable Supplement, in partnership with COBA.
  • NYCERS Government — Respondent in an Article 78 lawsuit pursued by COBA to secure the Variable Supplement for correction officers.
  • Senator Roxanne J. Persaud Government — Sent recognition for a COBA member's award.
strategies · 3

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.

  • Accountability through Oversight Reform
    methodology: accountability-through-oversight
    By challenging ineffective or biased oversight mechanisms, the organization seeks to improve institutional accountability, because removing perceived hostile external monitoring preserves operational integrity and supports officer morale.
  • Member Advocacy and Representation
    methodology: member_advocacy
    By representing correction officers in institutional and legal forums, the organization strengthens individual and collective outcomes, because unified representation increases leverage in negotiations and policy influence.
  • Policy Advocacy through Legislative Engagement
    methodology: policy_advocacy
    By advocating for legislative changes, the organization secures long-term structural benefits such as pension restoration, because targeted policy reform produces systemic and durable improvements in member welfare.