Administrative Fund Of The Detectives Endowment Association Inc

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

EIN: 383956499 ✦ New york, NY ✦ Designated as a 501(c)(9)

Overview

What is Administrative Fund Of The Detectives Endowment Association Inc?

The Administrative Fund of the Detectives Endowment Association Inc, based in New York City, serves as a conduit for employer contributions obtained through a collective bargaining agreement between the Detectives' Endowment Association, Inc. and the City of New York. These funds are then directed towards the Detectives' Endowment Association, Inc.'s benefit plans, and all related administrative expenses are covered by the organization. The primary mission of this nonprofit is to efficiently manage and distribute the collected contributions to support the functioning of the benefit plans. With a workforce of six individuals, the Administrative Fund ensures the smooth execution of this essential process.


Is Administrative Fund Of The Detectives Endowment Association Inc legitimate?

Administrative Fund Of The Detectives Endowment Association Inc is a legitimate nonprofit organization registered as a 501(c)(9) entity. Administrative Fund Of The Detectives Endowment Association Inc 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: $433,427
Professional Fundraising Fees: $0
Other Salaries and Wages: $215,391

For more financial information, click here


What is the mission statement of Administrative Fund Of The Detectives Endowment Association Inc?
Who is the CEO of Administrative Fund Of The Detectives Endowment Association Inc?
What is the revenue of Administrative Fund Of The Detectives Endowment Association Inc?
Who are the executives of Administrative Fund Of The Detectives Endowment Association Inc and what are their salaries?
Where can I find the form 990 for Administrative Fund Of The Detectives Endowment Association Inc?

Mission Statement of Administrative Fund Of The Detectives Endowment Association Inc

The Administrative Fund of the Detectives Endowment Association Inc plays a crucial role in managing the employer contributions received under a collective bargaining agreement between the Detectives' Endowment Association, Inc. and the City of New York. This nonprofit organization is responsible for collecting these contributions and transferring them to the Detectives' Endowment Association, Inc.'s benefit plans. Furthermore, it assumes the responsibility of covering all administrative expenses related to these plans.

In essence, the Administrative Fund of the Detectives Endowment Association Inc serves as a vital intermediary, ensuring the seamless flow of financial resources from the City of New York to the Detectives' Endowment Association, Inc.'s benefit plans. Its mission is to facilitate the collection, remittance, and administration of these contributions, thereby enabling the Detectives' Endowment Association, Inc. to focus on delivering essential services to its members.

By managing the financial aspects of the collective bargaining agreement, the Administrative Fund of the Detectives Endowment Association Inc contributes significantly to the overall functioning and sustainability of the Detectives' Endowment Association, Inc. This enables the organization to fulfill its commitments to its members effectively and efficiently.

Impact

This information is meant to be a general summary of Administrative Fund Of The Detectives Endowment Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The impact of the Administrative Fund Of The Detectives Endowment Association Inc is to efficiently collect employer contributions received through a collective bargaining agreement between the Detectives' Endowment Association, Inc. and the City of New York. These contributions are then remitted to the Detective's Endowment Association, Inc.'s benefit plans. The fund also covers all administrative expenses related to these benefit plans, ensuring the smooth operation and management of the association's resources. This process helps support the welfare and benefits of detectives in New York City by ensuring the proper handling and distribution of funds for their benefit plans.





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: $6,814,211
  • Program Service Revenue: $12,055,311
  • Gross Receipts: $71,919,385

    • Assets and Liabilities:
  • Total Assets: $94,517,641
  • Total Liabilities: $9,556,130
  • Net Assets: $84,961,511
  • Programs

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

    UNIFORM ALLOWANCE

    Revenue

    $8,386,280

    RETIRED EMPLOYER CONTRIBUTIONS

    Revenue

    $2,423,571

    ACTIVE EMPLOYER CONTRIBUTIONS

    Revenue

    $1,194,412

    W&C REIMBURSED BENEFITS

    Revenue

    $38,857

    OTHER CONTRIBUTIONS

    Revenue

    $12,191

    Organization Details

    Founding Year

    2016

    Principal Officer

    Paul Digiacomo Chairman

    Main Address

    26 THOMAS STREET, NEW YORK, NY, 10007

    NTEE Category

    Code: Y44 - Mutual benefit

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