Overview
What is Social Service Employees Union Local 371 Administrative Fund?
The Social Service Employees Union Local 371 Administrative Fund is a nonprofit entity based in New York City, specifically at 1501 Broadway, 4th floor. Its primary role is to manage and administer various benefit plans on behalf of the union, as outlined in a collective bargaining agreement with the City of New York. To fulfill this mission, the fund collects employer contributions and remits them to the union's benefit plans. Furthermore, it assumes responsibility for covering all administrative expenses related to these plans. The fund, which employs 26 individuals, functions as a crucial intermediary between the City of New York, the union, and the benefit plans.
Official website here: www.mightyunionfunds.org
What are the reviews and ratings of this charity?
The Social Service Employees Union Local 371 Administrative Fund is not currently rated by Charity Navigator. The absence of a rating suggests that the organization has not yet been evaluated according to Charity Navigator's criteria, rather than indicating a positive or negative performance.
Charity Navigator evaluates organizations primarily registered under IRS 501(c)(3) status, which provides tax-exempt status and eligibility for tax-deductible contributions. However, the Social Service Employees Union Local 371 is not a 501(c)(3) nonprofit, leading to an inability to evaluate it on key beacons such as Accountability & Finance or Impact & Measurement.
With no available ratings or user reviews, it's challenging to ascertain the strengths or weaknesses of the organization through these channels. The lack of IRS 501(c)(3) status and absence from charity evaluation platforms might limit the organization's visibility and donor engagement via these rating systems.
This AI summary has been generated from information found on Charity Navigator.
Is Social Service Employees Union Local 371 Administrative Fund legitimate?
Social Service Employees Union Local 371 Administrative Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Social Service Employees Union Local 371 Administrative 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: $488,066
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,225,004
For more financial information, click here
Official website here: www.mightyunionfunds.org
What is the mission statement of Social Service Employees Union Local 371 Administrative Fund?
The Social Service Employees Union Local 371 Administrative Fund is responsible for collecting employer contributions as per the terms of a collective bargaining agreement between the Union and the City of New York. These contributions are then remitted to the Union's benefit plans. The administrative fund also covers all expenses related to managing these plans. The primary objective of the fund is to facilitate the smooth operation of the Union's benefit plans by collecting and managing the necessary contributions and payments.
Official website here: www.mightyunionfunds.org
Who is the CEO of Social Service Employees Union Local 371 Administrative Fund?
Anthony Wells is the Trustee of Social Service Employees Union Local 371 Administrative Fund.
Official website here: www.mightyunionfunds.org
What is the revenue of Social Service Employees Union Local 371 Administrative Fund?
Social Service Employees Union Local 371 Administrative Fund's revenue in 2022 was $40,912,693.
Official website here: www.mightyunionfunds.org
Who are the executives of Social Service Employees Union Local 371 Administrative Fund and what are their salaries?
The average compensation at Social Service Employees Union Local 371 Administrative Fund during 2022 was $65,887. There are 26 employees at Social Service Employees Union Local 371 Administrative Fund.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $214,781
- Other: $34,103
- Compensation: $201,079
- Related: $0
- Other: $44,736
- Compensation: $160,327
- Related: $0
- Other: $49,346
- Compensation: $145,929
- Related: $0
- Other: $50,786
- Compensation: $117,624
- Related: $0
- Other: $52,382
- Compensation: $111,846
- Related: $0
- Other: $27,913
- Compensation: $0
- Related: $36,494
- Other: $0
- Compensation: $0
- Related: $36,166
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mightyunionfunds.org
Where can I find the form 990 for Social Service Employees Union Local 371 Administrative Fund?
Social Service Employees Union Local 371 Administrative Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mightyunionfunds.org
Learn more at the official website: www.mightyunionfunds.org
Mission Statement of Social Service Employees Union Local 371 Administrative Fund
Social Service Employees Union Local 371 Administrative Fund is a vital entity that plays a significant role in managing contributions received from the City of New York as part of a collective bargaining agreement. This Union Fund is dedicated to collecting employer contributions and subsequently remitting them to the Union's benefit plans. In addition to this key responsibility, the Fund is also tasked with covering all administrative expenses related to these plans.
By fulfilling this mission, Social Service Employees Union Local 371 Administrative Fund ensures the smooth functioning of associated benefit plans. It acts as a crucial intermediary, enabling the Union to allocate resources effectively and efficiently towards providing essential benefits to its members. The Fund's essential role in managing the financial aspects of the benefit plans allows the Union to focus on its core mission of representing and advocating for the interests of its members in the social service sector.
Furthermore, the Administrative Fund's commitment to paying all administrative expenses of the benefit plans enables these programs to operate effectively and sustainably. This financial support is crucial in maintaining the necessary infrastructure and resources to deliver valuable benefits and services to Union members. Overall, Social Service Employees Union Local 371 Administrative Fund serves as an essential partner in the Union's efforts to enhance the well-being and livelihoods of its members.
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Impact
October, 2024
The Social Service Employees Union Local 371 Administrative Fund significantly impacts its members by ensuring the smooth collection and distribution of employer contributions as stipulated in collective bargaining agreements with the City of New York. These contributions are vital for funding various employee benefit plans, which provide essential services and support to union members and their families.
By effectively managing these funds, the Administrative Fund covers necessary administrative expenses, thereby ensuring that resources are allocated efficiently to benefit plans. This fosters a sense of security and well-being among the workforce, as members can rely on comprehensive benefits that support their health, retirement, and other critical needs. The Fund's operations enhance the overall welfare of the union members, reinforcing the importance of collective bargaining in securing their rights and benefits.
This information is meant to be a general summary of Social Service Employees Union Local 371 Administrative 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: $360,423
- Program Service Revenue: $40,048,717
- Gross Receipts: $58,580,668
Assets and Liabilities:
- Total Assets: $61,499,555
- Total Liabilities: $1,911,750
- Net Assets: $59,587,805
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
employer contributions
Revenue
$40,048,717
Organization Details
Founding Year
1973
Phone
(212) 777-9000Principal Officer
Anthony Wells
Main Address
1501 BROADWAY 4 fl, NEW YORK, NY, 10036
Website
www.mightyunionfunds.orgNTEE Category
Code: Y40 - Mutual benefit
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