irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $0LEGAL ASSISTANCE PLANTHE LEGAL ASSISTANCE PLAN IS AVAILABLE AT NO COST TO NYSUT MEMBERS IN A NON-FULL DUES CATEGORY OR SPLIT DUES CATEGORY. PROVIDED BY THE LAW FIRM OF FELDMAN, KRAMER & MONACO, P.C., THIS PLAN PROVIDES ELIGIBLE MEMBERS WITH FREE TELEPHONE ACCESS TO ATTORNEYS AS WELL AS A LIMITED NUMBER OF LEGAL DOCUMENTS.
- #2 $0PREMIUM CALM SERVICETHE PREMIUM CALM SUBSCRIPTION PROVIDES ALL NYSUT IN-SERVICE AND RETIREE MEMBERS WITH UNLIMITED FREE ACCESS TO THE FULL LIBRARY OF SLEEP, MEDITATION, AND RELAXATION CONTENT AT CALM.COM AND IN THE CALM APP, WHICH CAN BE UTILIZED VIA A DESKTOP, LAPTOP, TABLET, OR MOBILE DEVICE (IOS OR ANDROID). MEMBERS CAN ADD UP TO FIVE DEPENDENTS (AGE 16 OR OLDER) TO RECEIVE THEIR OWN PREMIUM CALM SUBSCRIPTION.
named programs · 12 · from sources
What they call their work
Accidental Death & Dismemberment Insurance
Automatically provides all NYSUT members with a $5,000 AD&D insurance benefit.
Auto & Home Insurance
Endorsed competitive insurance programs available to members, with tips and resources for selecting optimal coverage.
Credit Counseling
Offers free, no-obligation debt consultations with certified Cambridge Credit Counseling counselors to all NYSUT members.
Disability Insurance
Offers income replacement benefits to members who become partially or totally disabled and unable to work.
Financial Learning Center
Powered by Kiplinger's Personal Finance, offers articles and resources to help members with financial goals, insurance, savings, and investing.
Legal Assistance Plan
Offers free telephone access to attorneys and limited legal documents for eligible NYSUT members in non-full or split dues categories through Feldman, Kramer & Monaco, P.C.
Long-Term Care Insurance
Helps cover costs of custodial care and other long-term care services not covered by Medicare or traditional health insurance.
New Member Life Insurance Policy
Provides new NYSUT members with a free one-year term life insurance policy up to $25,000, renewable at year-end.
Premium Calm Service
Provides all NYSUT in-service and retiree members with unlimited free access to the Calm app’s sleep, meditation, and relaxation content, plus up to five dependents.
Student Loan Counseling
Connects NYSUT members with Cambridge Credit Counseling loan counselors and workshops to manage student debt.
Term Life Insurance
Provides term life insurance coverage to NYSUT members and their spouses/domestic partners, available through payroll or pension deduction.
Travel Assistance Services
Provides travel coordination services through AXA Assistance to all NYSUT members.
activities · 10 groups
What they do
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Union and Association Benefit Funds 2 activities
- Endorses and manages insurance and benefit programsEndorses multiple insurance programs available to NYSUT members and their families, offers payroll or pension deduction options for enrollment, and monitors these programs for participation, member satisfaction, utilization, financial health, and competitiveness through regular provider meetings and five-year reviews.
- Offers term life and accidental death & dismemberment insuranceProvides group term life insurance coverage to members and their spouses or domestic partners, with 80,553 participants as of August 31, 2022, and automatically provides all active and retired members with a $5,000 accidental death and dismemberment insurance benefit.
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Financial Coaching and Credit Counseling 1 activity
- Administers financial counseling and education programsProvides up to six hours of toll-free telephone consultations with certified financial planners or registered investment advisors through Stacey Braun Associates, Inc., along with student loan counseling, debt counseling consultations, and access to a financial learning platform powered by Kiplinger's Personal Finance.
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Spiritual Development & Meditation Programs 1 activity
- Distributes free Calm app subscriptions to membersProvides all active and retired NYSUT members with free, unlimited access to the full Premium Calm subscription, including sleep, meditation, and relaxation content, with the option to extend access to up to five dependents aged 16 or older.
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Professional Membership and Association Benefits 1 activity
- Facilitates travel programs with discounted pricingOffers NYSUT members reduced pricing on domestic and international tours—saving at least $150 per trip—and access to over 80 travel adventures across 100 countries through group buying power.
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First-Time Homebuyer Support Services 1 activity
- Hosts financial and homebuying education webinarsHosts informational webinars for members on homebuying and refinancing, featuring live Q&A sessions to support financial literacy and homeownership.
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Membership Program Administration 1 activity
- Offers event ticket discounts and shopping benefitsProvides exclusive discounts on event tickets and other shopping benefits to NYSUT members through the NYSUT Together program, leveraging the group buying power of over 700,000 members to secure competitive pricing.
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Text Messaging Communication Services 1 activity
- Operates member communications and support servicesRuns the MAP Alert weekly email service to inform members of new benefits, program updates, and prize drawing opportunities, and provides customer support via phone and secure encrypted email during business hours, including continuity during annual shutdown periods.
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Legal Representation for Members 1 activity
- Provides access to legal services for membersOffers NYSUT members unlimited toll-free legal advice on personal legal matters and access to a limited number of legal documents through Feldman, Kramer & Monaco, P.C., with limited assistance also available to members paying non-full or split dues.
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Credit Union Financial Services 1 activity
- Provides access to savings and deposit accountsOffers NYSUT members access to savings accounts with competitive interest rates, including Certificates of Deposit, Money Market accounts, and High Yield Savings accounts, with 24/7 access via online, mobile, and phone channels, ATM card access, and FDIC insurance up to $250,000 per depositor.
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24/7 Crisis and Warmline Support Services 1 activity
- Provides peer support and travel assistance servicesOperates a confidential peer support helpline in partnership with NYSUT Social Services and Rutgers University Behavioral Health Care, and offers automatic travel assistance services through AXA Assistance, including coordination support during travel, to all active and retired members.
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financials · form 990 · fy2024
revenue
Total revenue$17.97M
Contributions & grants$00%
Program service revenue$4.60M26%
Investment income$4.01M22%
Other revenue$9.36M
expenses
Total expenses$15.04M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$2.93M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$110.54M
Cash$14.00M
Investments$93.98M
Liabilities$40.68M
Net assets$69.86M
Liquid reserves86.2 mo
6 years on record · 2019–2024 · YoY revenue -2.8%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 13
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| JEFFREY LOCKWOOD | DIRECTOR OF FINANCE | 2 | $345K |
| JACLYN L FERRUCCI | DEPUTY DIRECTOR FINANCE | 9 | $310K |
| DEREK CLEMENT | ASST IN MEMBER BENEFITS | 35 | $274K |
| J PHILIPPE ABRAHAM | TRUSTEE-CHAIR | 17 | $265K |
| ADAM DOLING | MEMBER BENEFITS SPECIALIST | 35 | $214K |
| MICHELLE KENNEDY | MEMBER BENEFITS | 35 | $207K |
| ANGELINA RIVERA | TRUSTEE | 2 | $17K |
| ANTHONY NICODEMO | TRUSTEE | 2 | $17K |
| LORETTA DONLON | TRUSTEE | 2 | $17K |
| MICHAEL SILL | TRUSTEE | 2 | $17K |
| NATALIE MCKAY | TRUSTEE | 2 | $17K |
| KEVIN PETERMAN | TRUSTEE | 2 | $3K |
| RODERICK SHERMAN | TRUSTEE-SECRETARY | 2 | $3K |
board members · 2
- AMBER CHANDLER — TRUSTEE
- CAROLYN KUBE — TRUSTEE
relationships · 33
Who they work with
- AXA Assistance Partner — Provides travel assistance coordination services to all NYSUT members.
- American Federation of Teachers Network — Provides trauma counseling services and accidental death & dismemberment insurance benefits to NYSUT members through national affiliation.
- Buyer's Edge Auto Buying Service Partner — Enables NYSUT members to search for vehicles through TrueCar and receive discounted pricing from dealerships.
- Calm Partner — Provides free Premium subscriptions to NYSUT in-service and retiree members for mental wellness resources.
- Cambridge Credit Counseling Partner — Provides student loan counseling and debt consultation services to NYSUT members.
- FELDMAN, KRAMER & MONACO, P.C. Partner — Law firm that provides attorney access and legal document services for the NYSUT Legal Assistance Plan.
- Feldman, Kramer & Monaco, P.C. Partner — Provides legal services under the NYSUT Member Benefits Trust-endorsed Legal Service Plan.
- Feldman, Kramer & Monaco, P.C. Partner — Provides limited legal assistance services to eligible NYSUT members.
- Grand Circle Travel Partner — Provides discounted travel opportunities to NYSUT members.
- Grand Circle Travel Partner — Provides reduced pricing on travel destinations and includes educational programming for NYSUT members.
- Kiplinger's Personal Finance Partner — Powers the Financial Learning Center with educational content for NYSUT members.
- Mid-Island Mortgage Partner — Co-hosts an informational webinar with NYSUT on homebuying and refinancing for members.
- NYSUT Government — Reimburses NYSUT for use of facilities, services, personnel, and incidental use of intellectual property.
- NYSUT Network — NYSUT Member Benefits Trust operates as a benefit arm of NYSUT, endorsing insurance programs for its members.
- NYSUT Network — NYSUT Member Benefits Trust provides endorsed programs and services to members of NYSUT.
- NYSUT Partner — NYSUT created the Member Benefits Trust and provides leadership oversight.
- NYSUT Member Benefits Catastrophe Major Medical Insurance Trust Partner — Collaborates on privacy and reporting practices for the Catastrophe Major Medical Plan.
- NYSUT Member Benefits Corporation Partner — Jointly grants endorsements for benefit programs with the NYSUT Member Benefits Trust.
- NYSUT Social Services Partner — Co-created the Peer Support Line with NYSUT Member Benefits Trust.
- National Education Association Network — Provides complimentary life insurance benefits to NYSUT members through national affiliation.
- National Highway Traffic Safety Administration Partner — Recommends using NHTSA's website to research vehicle safety ratings when shopping for auto insurance.
- Nationwide Partner — Offers pet insurance plans with reimbursement up to 70% for care at any licensed veterinarian in the U.S. to NYSUT members.
- Overseas Adventure Travel Partner — Offers discounted educational travel experiences for NYSUT members.
- Overseas Adventure Travel Partner — Provides discounted travel opportunities to NYSUT members.
- PSC/CUNY Partner — Coordinates name and address changes for members, requiring PSC/CUNY to initiate updates before information is sent to NYSUT Member Benefits.
- Rutgers University Behavioral Health Care Partner — Collaborates with NYSUT Member Benefits Trust to operate the Peer Support Line.
- Stacey Braun Associates, Inc. Partner — Provides financial counseling services under the NYSUT Member Benefits Corporation-endorsed Financial Counseling Program.
- Synchrony Bank Partner — Partner bank offering NYSUT members access to savings accounts with competitive interest rates and FDIC-insured products.
- Synchrony Bank Partner — Provides preferred banking rates on CDs, money market, and savings accounts for NYSUT members.
- Talkspace Partner — Offers discounted therapy and mental health resources to NYSUT members.
+ 3 more
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.
- Education-Integrated Travel for Lifelong Learningmethodology: lifelong-learning_through_travelBy designing travel experiences that incorporate cultural, historical, and outdoor educational components, the Trust promotes lifelong learning among members, because immersive, experiential engagement deepens knowledge retention and personal growth beyond traditional formats.
- Endorsement Model with Quality Assurance and Revenue Reinvestmentmethodology: endorsed_benefits_modelBy endorsing third-party programs only after rigorous evaluation for quality and competitiveness, the Trust ensures member trust and program effectiveness, while negotiated revenue-sharing from endorsements sustains operations and funds benefit enhancements, creating a self-reinforcing cycle of value and accountability.
- Financial Wellness Through Competitive Financial Productsmethodology: financial-wellness-through-competitive-ratesBy offering members access to savings and financial products at preferential rates through strategic partnerships, the Trust supports long-term financial resilience, because reduced costs and enhanced returns make saving and planning more attainable for educators.
- Leveraging Collective Buying Power for Member Benefitsmethodology: unified_buying_powerBy aggregating the membership base of NYSUT, the Trust secures high-quality, competitively priced insurance and financial products, because large-scale enrollment capacity increases its negotiating power with vendors and enhances program affordability and accessibility.