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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $322,321
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,096,145
For more financial information, click here
What is the mission statement of Psc-Cuny Welfare Fund?
The Psc-Cuny Welfare Fund is committed to extending health and welfare benefits to all eligible participants. This is accomplished through collective bargaining agreements between the fund and the City University of New York. The fund gathers contributions and subsequently offers health and welfare benefits to all qualifying individuals. By doing so, the organization aims to improve the well-being of its participants and enhance their overall quality of life. Collective bargaining not only secures funding but also ensures the provision of essential benefits, providing a safety net for its members.
What is the revenue of Psc-Cuny Welfare Fund?
Psc-Cuny Welfare Fund's revenue in 2024 was $45,779,277.
Who are the executives of Psc-Cuny Welfare Fund and what are their salaries?
The average compensation at Psc-Cuny Welfare Fund during 2024 was $118,206. There are 12 employees at Psc-Cuny Welfare Fund.
Here are 19 key members and their salaries:
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- Compensation: $13,089
- Related: $13,000
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- Compensation: $200,107
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- Other: $55,964
- Compensation: $27,303
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- Compensation: $125,172
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- Other: $75,809
- Compensation: $152,139
- Related: $0
- Other: $31,611
- Compensation: $126,328
- Related: $0
- Other: $76,049
- Compensation: $113,594
- Related: $0
- Other: $73,403
- Compensation: $122,073
- Related: $0
- Other: $75,165
Where can I find the form 990 for Psc-Cuny Welfare Fund?
Psc-Cuny Welfare Fund's most recent form 990 was submitted in 2024 and can be accessed here.
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.
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Impact
October, 2024
Psc-Cuny Welfare Fund significantly enhances the well-being of its participants by providing essential health and welfare benefits. Through its partnerships with the City University of New York, the Fund ensures that qualifying plan participants receive necessary support that promotes their health and financial security.
By collecting contributions based on collectively bargained agreements, the Fund is able to deliver a range of benefits that address the diverse needs of its members. This approach not only fosters a sense of community among participants but also enhances their overall quality of life by alleviating healthcare costs and providing access to vital services.
The Fund's commitment to mutual benefit creates a safety net that empowers individuals and families, enabling them to focus on their professional and personal goals without the burden of financial instability due to health-related issues. In essence, Psc-Cuny Welfare Fund plays a crucial role in supporting the welfare of those associated with the CUNY system, contributing to their health, happiness, and productivity.
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.
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 2024.
- Investment Income: $2,371,143
- Program Service Revenue: $43,935,510
- Gross Receipts: $60,121,543
Assets and Liabilities:
- Total Assets: $97,659,471
- Total Liabilities: $2,288,880
- Net Assets: $95,370,591
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$42,612,981
SURVIVOR CONTRIBUTIONS
Revenue
$990,358
REBATE ROYALTIES
Revenue
$170,380
ADJUNCT FAMILY CO-PAY
Revenue
$104,668
COBRA REIMBURSEMENTS
Revenue
$57,123
Organization Details
Founding Year
1967
Principal Officer
Donna Costa
NTEE Category
Code: Y40 - Mutual benefit
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