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EIN 13-2547675

United Federation of Teachers Welfare Fund

IRS 501(c) type
501(c)(9)
Num. employees
166
City
New York
State
New York
Year formed
1965
Most recent tax filings
2022-09-01
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
$439,631,499
2022
Total expenses
$349,896,380
2022
Total assets
$842,387,577
2022
Num. employees
166
2022

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
Geofrey SorkinExecutive Director$220,524
Mark PearsonDirector of Information Sy$174,394
Umesh PadhyeNetwork Manager$158,513
George ReisFund Comptroller$214,236
Mei Qing ChenAssociate Comptroller$184,563
...and 2 more key personnel

Financials for United Federation of Teachers Welfare Fund

RevenuesFYE 09/2022
Total grants, contributions, etc.$0
Program services$414,638,260
Investment income and dividends$18,444,940
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-1,771,768
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$8,320,067
Total revenues$439,631,499

Form 990s for United Federation of Teachers Welfare Fund

Fiscal year endingDate received by IRSFormPDF link
2021-092022-07-18990OView PDF
2020-092021-06-23990View PDF
2019-092020-08-20990View PDF
2018-092019-10-12990View PDF
2017-092018-10-16990View PDF
...and 7 more Form 990s
Data update history
August 19, 2023
Updated personnel
Identified 1 new personnel
August 19, 2023
Used new vendors
Identified 4 new vendors, including , , , and
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 13, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 4, 2022
Posted financials
Added Form 990 for fiscal year 2019
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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