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ADMINISTRATIVE FUND OF THE DETECTIVES ENDOWMENT ASSOCIATION INC
NEW YORK, NY · EIN 383956499 · Form 990 · FY2024 · NTEE Y44 · Mutual & Membership Benefit · Large ($10M-$50M)
revenue
$31.1M
expenses
$28.1M
net assets
$65.4M
employees
8
program ratio
0%
mission · from form 990

TO COLLECT EMPLOYER CONTRIBUTIONS RECEIVED PURSUANT TO A COLLECTIVEBARGAINING AGREEMENT BETWEEN THE DETECTIVES' ENDOWMENT ASSOCIATION,INC. AND THE CITY OF NEW YORK, REMIT THESE CONTRIBUTIONS TO THEDETECTIVES' ENDOWMENT ASSOCIATION, INC.'S BENEFIT PLANS, AND PAY ALLADMINISTRATIVE EXPENSES FOR THOSE PLANS.

profile · synthesized from sources

Administrative fund supporting the Detectives' Endowment Association, Inc., a mutual benefit organization for detectives in the New York City Police Department. Collects employer contributions under a collective bargaining agreement with New York City, administers these funds, and pays for operational expenses related to benefit plans for members. Operates exclusively in New York.

named programs · 1 · from sources

What they call their work

Benefit Plan Administration
Collects employer contributions, remits them to the Detectives' Endowment Association, Inc.'s benefit plans, and pays administrative expenses for those plans
activities · 2 groups

What they do

  • Union Dues Collection and Administration 1 activity
    • Collects and remits employer contributions to benefit plans
      Collects employer contributions from the City of New York under a collective bargaining agreement and remits them to the Detectives' Endowment Association, Inc.'s benefit plans.
  • Union and Association Benefit Funds 1 activity
    • Pays administrative expenses for benefit plans
      Pays administrative expenses for the Detectives' Endowment Association, Inc.'s benefit plans.
financials · form 990 · fy2024
revenue
Total revenue$31.08M
Contributions & grants$00%
Program service revenue$28.69M92%
Investment income$2.18M7%
Other revenue$204K
expenses
Total expenses$28.08M
Program expenses0%
Admin / overhead0%
Fundraising0%
Salaries & benefits$908K
Grants paid out$24.94M
Largest expense lineProfessional Fees
balance sheet
Total assets$65.65M
Cash$1.25M
Investments$55.46M
Liabilities$293K
Net assets$65.36M
Liquid reserves24.2 mo
4 years on record · 2020–2024 · YoY revenue +60.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
Carmine Russo EXECTUTIVE DIRECTOR 12 $241K
Sharon Robertson FUND ADMINISTRATOR 10 $178K
board members · 5
  • Christopher J Schilling — Trustee
  • Jeffrey A Ward — Trustee
  • Nicholas Masi — Trustee
  • Rick Simplicio — Trustee
  • SCOTT MUNRO — Chairman
relationships · 2

Who they work with

  • City of New York Government — Party to the collective bargaining agreement that generates employer contributions.
  • Detectives' Endowment Association, Inc. Partner — Recipient of remitted contributions and owner of the benefit plans for which administrative expenses are paid.
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.

  • Collective Bargaining Administration
    methodology: collective-bargaining administration
    By administering benefit plan funding through a collective bargaining agreement, the organization ensures stable and employer-contributed financing for detectives' benefit plans, because this mechanism legally binds employers to contribute and creates a dedicated funding stream.