Psc-Cuny Welfare Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 136220695 ✦ Brooklyn, NY ✦ Designated as a 501(c)(9)

Overview

What is Psc-Cuny Welfare Fund?

The Psc-Cuny Welfare Fund is a nonprofit organization based in Brooklyn, New York, that collaborates with the City University of New York (CUNY) through collectively bargained agreements. Their primary mission is to collect contributions and offer health and welfare benefits to all eligible participants. With a small team of 14 employees, the fund prioritizes the wellbeing of its members by providing essential benefits.


Is Psc-Cuny Welfare Fund legitimate?

Psc-Cuny Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Psc-Cuny Welfare Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $251,930
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,240,201

For more financial information, click here


What is the mission statement of Psc-Cuny Welfare Fund?
Who is the CEO of Psc-Cuny Welfare Fund?
What is the revenue of Psc-Cuny Welfare Fund?
Who are the executives of Psc-Cuny Welfare Fund and what are their salaries?
Where can I find the form 990 for Psc-Cuny Welfare Fund?

Mission Statement of Psc-Cuny Welfare Fund

The Psc-Cuny Welfare Fund is a nonprofit organization that plays a vital role in providing health and welfare benefits to all eligible participants. Through collective bargaining agreements with the City University of New York, the Fund collects contributions and extends essential benefits to the qualified membership.

In essence, the Psc-Cuny Welfare Fund functions as a safety net for its members, ensuring they have access to necessary health and welfare services. By pooling resources through the bargaining process with CUNY, the Fund is able to offer comprehensive benefits that might not be available individually. These benefits are accessible to all qualifying participants, providing them with peace of mind and security.

The Fund's mission is to enhance the well-being of its members by ensuring they have access to a broad range of benefits. By partnering with the City University of New York, the Psc-Cuny Welfare Fund has been successful in securing contributions that enable it to provide these benefits. This collaborative approach has proven to be advantageous, as it allows the organization to extend its reach and positively impact the lives of countless individuals. In doing so, the Psc-Cuny Welfare Fund plays a pivotal role in improving the overall quality of life for its members.

Impact

This information is meant to be a general summary of Psc-Cuny Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Psc-Cuny Welfare Fund directly impacts the lives of qualifying plan participants by providing essential health and welfare benefits. Through collectively bargained agreements with the City University of New York, the fund collects contributions and ensures that eligible individuals have access to necessary services and support. This organization's work plays a crucial role in safeguarding the well-being and security of its members, reflecting a commitment to mutual benefit and collective support.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,584,780
  • Program Service Revenue: $45,107,546
  • Gross Receipts: $51,908,198

    • Assets and Liabilities:
  • Total Assets: $97,659,471
  • Total Liabilities: $2,288,880
  • Net Assets: $95,370,591
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EMPLOYER CONTRIBUTIONS

    Revenue

    $44,374,708

    SURVIVOR CONTRIBUTIONS

    Revenue

    $559,498

    ADJUNCT FAMILY CO-PAY

    Revenue

    $107,940

    COBRA REIMBURSEMENTS

    Revenue

    $65,400

    Organization Details

    Founding Year

    1967

    Principal Officer

    Donna Costa

    Main Address

    PO BOX 280278, BROOKLYN, NY, 11228

    NTEE Category

    Code: Y40 - Mutual benefit

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