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NEW YORK CITY LOCAL 246 SEIU WELFARE BENEFITS FUND
NEW YORK, NY · EIN 136307146 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$3.4M
expenses
$2.3M
net assets
$9.5M
employees
4
program ratio
0%
mission · from form 990

PROVIDE SUPPLEMENTAL HEALTH BENEFITS NOT SUPPLIED BY EMPLOYER

profile · synthesized from sources

Provides supplemental health benefits to members of SEIU Local 246 in New York City. The fund supports workers by offering health coverage not provided by employers, focusing on union-affiliated employees in the city. Operates as a trust fund established under labor union agreements.

named programs · 1 · from sources

What they call their work

Supplemental Health Benefits Program
Provides health insurance coverage including medical, dental, and vision benefits to SEIU Local 246 members and their dependents, supplementing employer-provided plans
activities · 1 group

What they do

  • Union and Association Benefit Funds 1 activity
    • Provides supplemental health benefits
      Offers supplemental health benefits to individuals that are not provided by employers, enhancing access to healthcare coverage for eligible members.
financials · form 990 · fy2024
revenue
Total revenue$3.42M
Contributions & grants$00%
Program service revenue$2.25M66%
Investment income$302K9%
Other revenue$875K
expenses
Total expenses$2.31M
Program expenses0%
Admin / overhead0%
Fundraising0%
Salaries & benefits$423K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$10.06M
Cash$1.55M
Investments$7.76M
Liabilities$591K
Net assets$9.47M
Liquid reserves48.3 mo
5 years on record · 2020–2024 · YoY revenue -2.0%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
JOSEPH COLANGELO TRUSTEE/ADMIN 10 $20K
board members · 4
  • DOMINIC BAVARO — Trustee
  • HARRY FEBO — Trustee
  • MARK BARDES — Trustee
  • PETER TUCCI — Trustee
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.