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.
What are the reviews and ratings of this charity?
The Administrative Fund Of The Detectives Endowment Association Inc is currently not rated by Charity Navigator. This is primarily because the organization does not meet the criteria for a rating, as it is not registered as a 501(c)(3) nonprofit with the IRS, which is necessary for certain evaluative methodologies. The absence of a rating should not be construed as inherently positive or negative; it simply indicates that the proposal does not fit within the existing evaluative framework.
The historical context provides that past ratings might have focused on aspects like Accountability and Finance, but they did not include the more modern metrics such as Leadership & Adaptability or Impact & Measurement. This reflects a more basic level of evaluation that Charity Navigator offers for registered organizations today, focusing on specific areas of financial responsibility and governance which are not applicable here due to the organization's classification.
Key financial data, such as revenue, expenses, and the salaries of key persons, are not provided, limiting the transparency typically available for evaluated nonprofits. The organization's classification as independent, and separate from national or regional affiliations, speaks to its specificity in mission or function, although that mission is not detailed in the provided data.
This AI summary has been generated from information found on Charity Navigator.
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 tax deductible.
Heare 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?
The Administrative Fund of the Detectives Endowment Association Inc serves as a crucial intermediary in the collection and distribution of employer contributions, as outlined in a collective bargaining agreement between the association and the City of New York. This fund's primary role is to transmit these contributions to the Detectives' Endowment Association Inc's benefit plans, while managing and covering all administrative expenses related to these plans. By efficiently handling these financial transactions, the Administrative Fund ensures the smooth operation of the association's benefit programs.
Who is the CEO of Administrative Fund Of The Detectives Endowment Association Inc?
Paul Digiacomo Chairman is the Chairman of Administrative Fund Of The Detectives Endowment Association Inc.
What is the revenue of Administrative Fund Of The Detectives Endowment Association Inc?
Administrative Fund Of The Detectives Endowment Association Inc's revenue in 2022 was $19,394,707.
Who are the executives of Administrative Fund Of The Detectives Endowment Association Inc and what are their salaries?
The average compensation at Administrative Fund Of The Detectives Endowment Association Inc during 2022 was $108,136. There are 6 employees at Administrative Fund Of The Detectives Endowment Association Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $106,284
- Other: $0
- Compensation: $0
- Related: $80,057
- Other: $0
- Compensation: $0
- Related: $71,074
- Other: $0
- Compensation: $0
- Related: $69,854
- Other: $0
- Compensation: $212,561
- Related: $0
- Other: $38,085
- Compensation: $161,745
- Related: $0
- Other: $21,036
Where can I find the form 990 for Administrative Fund Of The Detectives Endowment Association Inc?
Administrative Fund Of The Detectives Endowment Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
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.
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Impact
October, 2024
Administrative Fund Of The Detectives Endowment Association Inc plays a crucial role in supporting the financial health and benefits management of law enforcement personnel in New York City. By collecting employer contributions as stipulated in a collective bargaining agreement, the organization ensures that funds are appropriately allocated to vital benefit plans designed for detectives.
The effective remittance of these contributions aids in fulfilling the promises made to officers regarding their benefits, encompassing areas such as retirement, health care, and other necessary support mechanisms. Additionally, the organization manages the administrative expenses related to these benefit plans, which streamlines operations and enhances the efficiency of fund distribution.
Through these efforts, the Administrative Fund contributes to the overall well-being and security of the detective community, fostering trust and stability among its members. This impact is significant, as it directly relates to the support individuals receive in their respective roles and during their transition post-career, ultimately contributing to the longevity and morale of the New York City's law enforcement workforce.
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.
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: $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
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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
Phone
(212) 587-9120Principal Officer
Paul Digiacomo Chairman
Main Address
26 THOMAS STREET, NEW YORK, NY, 10007
NTEE Category
Code: Y44 - Mutual benefit
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