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NOITU INSURANCE TRUST FUND

JAMAICA, NY · EIN 111740492 · Form 990 · FY2024 · Very Large (>$50M) · noitu.org
revenue
$55.2M
expenses
$52.9M
net assets
$145.5M
employees
74
program ratio
0%
mission · from form 990

MULTI-EMPLOYER ERISA HEALTH & WELFARE PLAN PROVIDING HEALTH AND OTHER BENEFITS FOR MEMBERS AND THEIR DEPENDENTS OF THE NATIONAL ORGANIZATION OF INDUSTRIAL TRADE UNIONS AND ITS AFFILIATED LOCALS.

profile · synthesized from sources

NOITU Insurance Trust Fund is a multi-employer ERISA health and welfare plan serving members and dependents of the National Organization of Industrial Trade Unions and its affiliated locals. It provides healthcare, retirement, and scholarship benefits to industrial workers across the United States. The organization operates as part of a larger union structure dedicated to worker advocacy and collective bargaining.

named programs · 3 · from sources

What they call their work

NOITU Daniel Lasky Scholarship Fund
Provides financial assistance to children of union members pursuing higher education, awarded based on academic merit, need, and other considerations.
NOITU Individual Account Plan
Retirement savings plan offering automatic payroll deductions, pre-tax contributions, and diverse investment options for long-term growth.
NOITU Insurance Trust Fund
Provides comprehensive health benefits including hospitalization, medical and surgical services, prescription drugs, vision, and dental care for union members and their dependents.
activities · 4 groups

What they do

  • Union and Association Benefit Funds 2 activities
    • Administers a multi-employer ERISA health and welfare plan
      Provides comprehensive health benefits including hospitalization, medical and surgical care, prescription drugs, vision, dental, and other coverages to members and their dependents through collectively bargained plans under the NOITU Insurance Trust Fund. Will implement benefit enhancements in 2025 such as IVF coverage, improved hearing aid and optical benefits, higher dental and orthotics reimbursement, and expanded chiropractic eligibility.
    • Administers a retirement savings plan for union members
      Operates a retirement savings plan with pre-tax payroll deductions, diverse investment options, and online account access to support long-term financial security for members through the NOITU Individual Account Plan.
  • Labor Union Representation & Organizing 2 activities
    • Advocates for union recognition through formal processes
      Seeks voluntary recognition of unions via neutral third-party card checks to verify majority support and facilitates participation in National Labor Relations Board (NLRB)-supervised elections to establish collective bargaining rights.
    • Conducts worker organizing campaigns
      Supports unionization efforts by forming employee organizing committees across job classifications, constructing crew lists for communication, using authorization cards to secure commitments for IATSE representation, preparing committees to counter anti-union campaigns, and transitioning them into negotiating committees after NLRB certification.
  • Local High School Scholarship Programs 1 activity
    • Funds scholarships for union members' children
      Administers the NOITU Daniel Scholarship Fund, awarding annual scholarships based on scholastic standing, financial need, and personal attainment, including a multi-year Presidential Scholarship renewable for up to four years if a 3.2 GPA is maintained, to support college education for members' children.
  • Member Business Referral & Discount Programs 1 activity
    • Provides no-cost discount program for union members
      Offers a no-cost discount program available to IUJAT members and their families as an additional member benefit.
financials · form 990 · fy2024
revenue
Total revenue$55.25M
Contributions & grants$00%
Program service revenue$48.61M88%
Investment income$6.46M12%
Other revenue$177K
expenses
Total expenses$52.89M
Program expenses0%
Admin / overhead0%
Fundraising0%
Salaries & benefits$4.89M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$160.20M
Cash$7.55M
Investments$147.86M
Liabilities$14.66M
Net assets$145.54M
Liquid reserves35.3 mo
4 years on record · 2020–2024 · YoY revenue +11.1%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 8
NameTitleHours/wkCompensation
Farley Kamhi Director IT Dept 40 $371K
Andre Williams Cnsl & Plan Adm 40 $348K
Mark Green Controller/Trst 30 $336K
David Lieberman Dir of LLMDC 40 $321K
Elizabeth Forte Director of Employer Service 40 $268K
Mariela Russel-Gore Claims Director 40 $246K
Jaemin Kwak Asst IT Director 40 $231K
Virendra Shankar Asst Controller 40 $219K
board members · 8
  • Brian Pepper — Union trustee
  • CARLOS RODRIGUEZ — Union Trustee
  • Charles Reichmann — Emplyr trustee
  • Dough Meyerson — Emplyr trustee
  • Gerard Jones — Union trustee
  • Irwin Siegel — Emp Trst (past)
  • Michael Siegel — Emplyr trustee
  • ROBERT ABREU — Emplyr trustee
relationships · 8

Who they work with

  • Federation of Regional Accrediting Commission of Higher Education Government — Requires college or university acceptance to be verified by this accrediting body for scholarship eligibility.
  • IATSE Partner — Partners with IATSE to provide union representation for collective bargaining.
  • IUJAT Partner — Provides UBenefit discounts exclusively to members of IUJAT.
  • International Union of Journeymen and Allied Trades Network — NOITU is a member of the International Union of Journeymen and Allied Trades (IUJAT).
  • NATIONAL ORGANIZATION OF INDUSTRIAL TRADE UNIONS Partner — Primary affiliated union organization whose members and dependents are served by the trust fund's health and welfare plan.
  • NOITU Daniel Lasky Scholarship Fund Network — Scholarship fund providing financial assistance to members' children for higher education.
  • NOITU Insurance Trust Fund Network — Administrative entity responsible for managing health and welfare benefits for NOITU members under collectively bargained agreements.
  • National Labor Relations Board Government — Engages with the NLRB to conduct government-supervised union representation elections.
strategies · 4

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.

  • Academic Achievement Incentivized by Scholarships
    methodology: academic-incentive-scholarships
    By awarding scholarships based on academic performance and personal achievement, the organization encourages higher education pursuit because financial incentives tied to merit reinforce goal-oriented behavior and investment in skills.
  • Collective Bargaining for Enforceable Workplace Improvements
    methodology: collective_bargaining
    By using collective bargaining to negotiate binding contracts, the organization secures improved wages, benefits, and workplace protections because legally enforceable agreements ensure accountability and sustainability, unlike unenforceable management promises.
  • Habit-Driven Retirement Savings via Automatic Enrollment
    methodology: automatic enrollment and payroll deduction
    By implementing automatic payroll deductions, the organization fosters consistent retirement savings behavior because making contributions habitual and convenient reduces decision fatigue and increases long-term participation.
  • Leadership Development through Education and Empowerment
    methodology: educate-elevate-empower
    By educating members, elevating them into leadership roles, and empowering them to shape workplace outcomes, the organization increases member agency and influence because sustained engagement is built on capability and ownership.