Overview
What is United Federation Of Teachers Welfare Fund?
The United Federation of Teachers Welfare Fund is a nonprofit organization based in New York City, specifically at 52 Broadway in the zip code 10004. Their primary mission is to provide supplementary welfare benefits to eligible employees and retirees of the organization. The Fund also offers college scholarships to children from low-income families who have graduated from the city's public schools as an additional purpose. The organization, with a workforce of 166 employees, focuses on enhancing the well-being of its eligible participants.
Official website here: www.uftwf.org
Is United Federation Of Teachers Welfare Fund legitimate?
United Federation Of Teachers Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. United Federation Of Teachers 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $549,619
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,807,786
For more financial information, click here
Official website here: www.uftwf.org
What is the mission statement of United Federation Of Teachers Welfare Fund?
The United Federation Of Teachers Welfare Fund is dedicated to providing supplementary welfare benefits to eligible employees and retirees. The primary objective of this fund is to enhance the well-being of its beneficiaries by offering additional support. Additionally, it extends college scholarships to children from low-income families who have completed their education in the city's public schools.
Official website here: www.uftwf.org
Who is the CEO of United Federation Of Teachers Welfare Fund?
Geofrey Sorkin is the Trustee of United Federation Of Teachers Welfare Fund.
Official website here: www.uftwf.org
What is the revenue of United Federation Of Teachers Welfare Fund?
United Federation Of Teachers Welfare Fund's revenue in 2022 was $439,631,499.
Official website here: www.uftwf.org
Who are the executives of United Federation Of Teachers Welfare Fund and what are their salaries?
The average compensation at United Federation Of Teachers Welfare Fund during 2022 was $62,394. There are 166 employees at United Federation Of Teachers Welfare Fund.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $341,368
- Other: $58,691
- Compensation: $0
- Related: $209,573
- Other: $43,831
- Compensation: $0
- Related: $41,094
- Other: $0
- Compensation: $0
- Related: $75,171
- Other: $17,929
- Compensation: $0
- Related: $70,000
- Other: $0
- Compensation: $220,524
- Related: $125
- Other: $24,737
- Compensation: $214,236
- Related: $0
- Other: $89,017
- Compensation: $184,563
- Related: $0
- Other: $81,559
- Compensation: $177,985
- Related: $0
- Other: $84,989
- Compensation: $159,811
- Related: $0
- Other: $52,485
- Compensation: $172,843
- Related: $0
- Other: $43,111
- Compensation: $174,394
- Related: $0
- Other: $80,682
- Compensation: $0
- Related: $62,949
- Other: $14,723
Official website here: www.uftwf.org
Where can I find the form 990 for United Federation Of Teachers Welfare Fund?
United Federation Of Teachers Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uftwf.org
Learn more at the official website: www.uftwf.org
Mission Statement of United Federation Of Teachers Welfare Fund
The United Federation of Teachers Welfare Fund is a charitable organization dedicated to extending welfare benefits to eligible participants. In essence, it serves to enhance the well-being of eligible employees and retirees under its purview. Beyond this primary mission, the Fund also offers college scholarships to children from low-income families who have graduated from the city's public schools.
The United Federation of Teachers Welfare Fund functions as a safety net, extending supplementary benefits to those who qualify. By doing so, it aims to alleviate some of the financial burdens faced by its beneficiaries, ensuring they have access to essential resources and support. The charity's commitment to empowering individuals is reflected in its mission to provide supplementary welfare benefits.
Moreover, the Fund's philanthropic efforts extend beyond its core mission. It recognizes the importance of investing in the future of underprivileged students and, as such, offers educational scholarships to deserving children. This initiative not only provides financial assistance but also serves as a beacon of hope and opportunity for the next generation. By focusing on both the present and future needs of its beneficiaries, the United Federation of Teachers Welfare Fund demonstrates a profound commitment to uplifting and enriching the lives of those it serves.
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Impact
October, 2024
The United Federation of Teachers Welfare Fund significantly enhances the quality of life for eligible employees and retirees by providing supplementary welfare benefits. This support includes a range of welfare services designed to meet the diverse needs of members, ensuring financial security and peace of mind. Additionally, the fund actively contributes to the educational advancement of children from low-income families by offering college scholarships to those who have graduated from the city’s public schools. This dual focus on both current employees and the next generation fosters a stronger educational community and promotes long-term benefits for families, making a meaningful impact in New York.
This information is meant to be a general summary of United Federation Of Teachers Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16,673,172
- Program Service Revenue: $414,638,260
- Gross Receipts: $546,210,949
Assets and Liabilities:
- Total Assets: $842,387,577
- Total Liabilities: $42,259,877
- Net Assets: $800,127,700
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$414,217,516
COBRA CONTRIBUTIONS
Revenue
$420,744
Organization Details
Founding Year
1965
Phone
(212) 539-0500Principal Officer
Geofrey Sorkin
Main Address
52 BROADWAY, NEW YORK, NY, 10004
Website
www.uftwf.orgNTEE Category
Code: Y40 - Mutual benefit
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