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NEW YORK STATE RETIRED TEACHERS' ASSOCIATION INC - INSURANCE TRUST
AMSTERDAM, NY · EIN 146066944 · Form 990 · FY2024 · Micro (<$100K)
revenue
$43K
expenses
$76K
net assets
$938K
employees
0
volunteers
5
mission · from form 990

TO PROVIDE VARIOUS ASSISTANCE AND INSURANCE COVERAGES THROUGH GROUP INSURANCE POLICIES ISSUED TO CONTRIBUTING MEMBERS (AND THEIR FAMILIES) OF NEW YORK STATE RETIRED TEACHERS' ASSOCIATION, A RELATED NON-FOR-PROFIT TRADE ASSOCIATION FOR RETIRED EDUCATORS WHO TAUGHT IN OR CURRENTLY RESIDE IN NEW YORK STATE.

profile · synthesized from sources

Provides group insurance coverages and assistance to retired educators who taught in or reside in New York State, through a trust affiliated with the New York State Retired Teachers' Association. Services are available to contributing members and their families. The organization operates as a nonprofit insurance trust.

named programs · 1 · from sources

What they call their work

Group Insurance Program
Offers group health, life, and supplemental insurance policies to retired teachers and their families through pooled membership
activities · 1 group

What they do

  • Union and Association Benefit Funds 1 activity
    • Providing group insurance coverage to retired educators and families
      Offers group insurance policies as a direct service to retired educators and their families who are members of the New York State Retired Teachers' Association.
financials · form 990 · fy2024
revenue
Total revenue$43K
Contributions & grants$00%
Program service revenue$00%
Investment income$43K100%
Other revenue$0
expenses
Total expenses$76K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$51K
Largest expense lineProfessional Fees
balance sheet
Total assets$938K
Cash$11K
Investments$927K
Liabilities$0
Net assets$938K
Liquid reserves148.8 mo
4 years on record · 2020–2024 · YoY revenue +15.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
MARY KATHLEEN BASSETT SECRETARY-TREASURER 2 $104K
board members · 5
  • CARLYLE T CAMPANY — TRUSTEE
  • DIANE E HAHN — TRUSTEE
  • LEON HAROLD — TRUSTEE
  • ROBERT JOYCE — CHAIR
  • RONALD WILSON — TRUSTEE
relationships · 1

Who they work with

  • NEW YORK STATE RETIRED TEACHERS' ASSOCIATION Partner — Related nonprofit trade association whose contributing members (and their families) are eligible for group insurance policies issued by the trust.
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.

  • Group Insurance Model
    methodology: group_insurance_model
    By leveraging group insurance policies, the organization provides cost-effective health and financial protection to retired educators and their families, because collective affiliation reduces per-member risk and administrative costs.