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EIN 13-2547675

United Federation of Teachers Welfare Fund

IRS 501(c) type
501(c)(9)
Num. employees
168
City
New York
State
New York
Year formed
1965
Most recent tax filings
2023-09-01
NTEE code, primary
Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
Description
The United Federation of Teachers Welfare Fund provides supplementary welfare benefits to eligible employees and retirees, as well as college scholarships for children from low income families who have graduated from the city's public schools. The Fund's mission is to provide welfare benefits to eligible participants through various programs.
Related structure
United Federation of Teachers Welfare Fund is a subordinate organization under American Federation of Teachers - United Federation of Teachers Local 2.
Also known as...
UFT Welfare Fund
Total revenues
$411,902,353
2023
Total expenses
$352,933,277
2023
Total assets
$988,654,030
2023
Num. employees
168
2023

Program areas at United Federation of Teachers Welfare Fund

Provide supplementary Welfare benefits to eligible employees and retirees.

Personnel at United Federation of Teachers Welfare Fund

NameTitleCompensation
William BarrettChief Technology Officer$181,923
Geofrey SorkinExecutive Director$220,961
Mark PearsonDirector of Information Systems$174,199
George ReisFund Comptroller$207,894
Mei Qing ChenAssociate Comptroller$179,588
...and 1 more key personnel

Financials for United Federation of Teachers Welfare Fund

RevenuesFYE 09/2023
Total grants, contributions, etc.$0
Program services$385,391,890
Investment income and dividends$23,410,744
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-5,866,415
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$8,966,134
Total revenues$411,902,353

Form 990s for United Federation of Teachers Welfare Fund

Fiscal year endingDate received by IRSFormPDF link
2023-092024-06-26990View PDF
2022-092023-06-29990View PDF
2021-092022-07-18990OView PDF
2020-092021-06-23990View PDF
2019-092020-08-20990View PDF
...and 9 more Form 990s
Data update history
August 29, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 28, 2024
Updated personnel
Identified 1 new personnel
August 25, 2024
Used new vendors
Identified 2 new vendors, including , and
August 23, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 19, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Fraternal societiesMutual assistance organizationsChapter / child organizations
Issues
Education
Characteristics
No characteristics found
General information
Address
52 Broadway
New York, NY 10004
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
uft.org/your-benefits/health-benefits/about-welfare-fund 
Phone
(212) 539-0500
IRS details
EIN
13-2547675
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1965
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
NAICS code, primary
525120: Health and Welfare Funds
Parent/child status
Subordinate organization
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