Csa Welfare Fund FY2024 filing

Not tax-deductible

New York, NYMutual-benefit / member-servingSince 1966EIN 13-6203811Revenue $13.9M in FY2024

On file with the IRScsawf.org40 Rector Street, 10006-1705 · New York, NYTax-exempt since Jul 1966

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To provide medical and health benefits to members.

$361K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.5M a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$361K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.9M
+2% vs prior year
Spent
$15.5M
To programs
0%
Net assets
$18.9M
By yearFY2020–FY2024
Revenue
$13.9M
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$15.7M
FY2021$15.3M
FY2022$15.1M
FY2023$13.6M
FY2024$13.9M
FY2024$14.1M
Expenses
$15.5M
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$12.4M
FY2021$12.7M
FY2022$12.8M
FY2023$13.0M
FY2024$15.5M
FY2024$15.9M
Net assets
$18.9M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$16.3M
FY2021$18.8M
FY2022$17.5M
FY2023$18.4M
FY2024$18.9M
FY2024$17.7M

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1966.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

8 people listed on the 990; $361K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Assistant Administrator
$186,362Pt VII · Sec A
Plan Admin.
$174,795Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Executive VP
$0Pt VII · Sec A
First VP
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Attorney
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2021FY2020
Douglas Hathaway——$232,539$222,209
Susan Barone$213,243$174,795——
Glenda Harry$188,809$186,362——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Csa Welfare Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers medical and health benefits to members.

Questions for Csa Welfare Fund

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Provided by the organization

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1 program · in their own filed words · FY2023
01

To provide medical and health benefits to members.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$13.9M
Ln 12
Fees for servicesLn 2g$13.4M
Investment incomeLn 3$491K
Other incomeLn 4–11$7K
Money outPt IX
$15.5M
Ln 25
Owns and owesPt X
$18.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$20.6M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$13.4M
Investment incomeLn 3$491K
Other incomeLn 4–11$7K
Gains on assetsLn 7$16K
Total revenueLn 12$13.9M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$15.3M
Land, buildings, equipmentLn 10c$31K
Other assetsLn 15$4.2M
Total assetsLn 16$20.6M
LiabilitiesLn 26$1.6M
Net assetsLn 32$18.9M
OperationsPt I, VI
EmployeesI 514
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.0M$1.1M
InvestmentsLn 11–13$13.4M$15.3M
Land, buildings, equipmentLn 10c$15K$31K
Total assetsLn 16$20.0M$20.6M
LiabilitiesLn 26$1.5M$1.6M
Net assetsLn 32$18.4M$18.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$13.9M
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$361K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$734K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$650K
Payroll taxesLn 10$88K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$29K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$73K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$235K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$23K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$8K
InsuranceLn 23$44K
Other expenses (24a–d)Ln 24$364K
All other expensesLn 24e−$1.1M
Total functional expensesLn 25$15.5M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $13.9M$15.5M−$1.6M$18.9M 990 PDF
FY2023 $13.6M$13.0M$651K$18.4M 990 PDF
FY2022 $15.1M$12.8M$2.4M$17.5M 990 PDF
FY2021 $15.3M$12.7M$2.6M$18.8M 990 PDF
FY2020 $15.7M$12.4M$3.2M$16.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $13,920,308 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $13,180,956$13,422,284
I-10 Investment incomePrior year $436,401$491,020
I-11 Other revenuePrior year $9,809$7,004
I-12 Total revenuePrior year $13,627,166$13,920,308
I-13 Grants and similar amounts paidPrior year $11,497,263$13,924,989
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,798,633$1,833,283
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year −$319,860−$284,035
I-18 Total expensesPrior year $12,976,036$15,474,237
I-19 Revenue less expensesPrior year $651,130−$1,553,929
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $13,920,308 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,422,284$13,422,284
VIII-3 Investment incomeRelated to mission $474,642$474,642
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $16,378$16,378
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,004$7,004
VIII-12 Total revenueRelated to mission $13,920,308$13,920,308
Part IX · Statement of functional expenses $15,474,237 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$13,924,989
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$361,157
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$734,054
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$649,999
IX-10 Payroll taxes$88,073
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$28,546
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$73,362
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$234,569
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$22,689
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$8,100
IX-23 Insurance$44,237
IX-24 Other expenses (24a–d)$364,014
IX-24e All other expenses−$1,059,552
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$15,474,237
Part X · Balance sheet $20,581,492 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $3,960,037$1,085,010
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $14,735$31,266
X-11 Publicly traded securitiesStart of year $13,437,138$15,312,231
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $2,549,052$4,152,985
X-16 Total assetsStart of year $19,960,962$20,581,492
X-17 Accounts payable and accrued expensesStart of year $84,802$78,949
X-25 Other liabilitiesStart of year $1,453,581$1,555,678
X-26 Total liabilitiesStart of year $1,538,383$1,634,627
X-32 Total net assets or fund balancesStart of year $18,422,579$18,946,865
X-33 Total liabilities and net assetsStart of year $19,960,962$20,581,492
Part XI · Reconciliation of net assets $18,946,865 net assets at year end
XI-1 Total revenue$13,920,308
XI-2 Total expenses$15,474,237
XI-3 Revenue less expenses−$1,553,929
XI-4 Net assets at start of year$18,422,579
XI-5 Net unrealized gains (losses) on investments$2,078,215
XI-10 Net assets at end of year$18,946,865

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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