Nonprofit · EIN 47-7358956
NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS CATASTROPHE MAJOR
Tax-exempt · LATHAM, NY 12110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $51,255,298 | $29,226,113 | $22,029,185 | $212,113,236 | $2,372,198 | $209,741,038 |
| December 31, 2023 | 990 | $40,748,810 | $28,168,874 | $12,579,936 | $184,862,048 | $3,302,493 | $181,559,555 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $37,445,143
- Investment income
- $13,810,155
- Net gain from sales of assets
- $8,868,908
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $22,673,769
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $28,646
- Accounting fees
- $37,411
Balance sheet and other
- Total assets, start of year
- $184,862,048
- Total assets, end of year
- $212,113,236
- Total liabilities, end of year
- $2,372,198
- Net assets, end of year
- $209,741,038
- Publicly traded securities
- $182,122,483
- Gross receipts
- $80,443,909
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LOCKWOOD JEFFREY J | CFO, DIRECTOR OF FINANCE Highest-paid employee | 1 | $0 | $222,424 | $122,950 |
| FERRUCCI JACLYN L | DEPUTY DIRECTOR FINANCE Highest-paid employee | 1 | $0 | $196,064 | $113,453 |
| MCCREA GREGORY J | SECRETARY Trustee or director, Officer | 1 | $0 | $189,026 | $106,971 |
| CLEMENT DEREK S | ASST IN MEMBER BENEFITS Highest-paid employee | 3 | $0 | $168,311 | $105,314 |
| ABRAHAM J PHILIPPE | CHAIRPERSON/TRUSTEE Trustee or director, Officer | 1 | $0 | $165,584 | $99,570 |
| KENNEDY MICHELLE | MEMBER BENEFIT SPECIALIST Highest-paid employee | 3 | $0 | $123,355 | $83,344 |
| JACOBSEN MARGARET | DIRECTOR OF MEMBER BENEFIT Highest-paid employee | 10 | $0 | $144,297 | $57,403 |
| FRANZ LAURA | TRUSTEE Trustee or director | 1 | $0 | $32,274 | $0 |
| BUSHEY MICHELE | TRUSTEE Trustee or director | 1 | $0 | $16,747 | $0 |
| SILL MICHAEL | TRUSTEE Trustee or director | 1 | $0 | $16,747 | $0 |
| CARNER-SHAFRAN SANDRA | TRUSTEE Trustee or director | 1 | $0 | $3,195 | $0 |
| SHERMAN RODERICK | TRUSTEE Trustee or director | 1 | $0 | $2,875 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LOCKWOOD JEFFREY J | CFO, DIRECTOR OF FINANCE Highest-paid employee | 1 | $0 | $229,683 | $132,096 |
| TRAVINSKI MICHAEL S | ASSOC GENERAL COUNSEL Highest-paid employee | 1 | $0 | $211,012 | $132,295 |
| FERRUCCI JACLYN L | DEPUTY DIRECTOR FINANCE Highest-paid employee | 1 | $0 | $191,252 | $119,379 |
| MCCREA GREGORY J | SECRETARY Trustee or director, Officer | 1 | $0 | $181,761 | $112,741 |
| PORTER BETSY L | MANAGER, MEMBER BENEFITS Key employee | 9 | $0 | $175,792 | $114,581 |
| CLEMENT DEREK S | ASST IN MEMBER BENEFITS Highest-paid employee | 3 | $0 | $168,758 | $109,952 |
| ABRAHAM J PHILIPPE | CHAIRPERSON/TRUSTEE Trustee or director, Officer | 1 | $0 | $163,978 | $101,726 |
| LACHAPELLE GINGER | DIRECTOR OF MEMBER BENEFITS Key employee | 9 | $0 | $157,936 | $90,644 |
| FELLOWS DEBRA L | ASST MGR. IN MEMBER BENEFI Highest-paid employee | 9 | $0 | $140,371 | $75,626 |
| FRANZ LAURA | TRUSTEE Trustee or director | 1 | $0 | $35,236 | $0 |
| BUSHEY MICHELE | TRUSTEE Trustee or director | 1 | $0 | $16,418 | $0 |
| SILL MICHAEL | TRUSTEE Trustee or director | 1 | $0 | $16,418 | $0 |
| CARNER-SHAFRAN SANDRA | TRUSTEE Trustee or director | 1 | $0 | $8,716 | $0 |
| SHERMAN RODERICK | TRUSTEE Trustee or director | 1 | $0 | $2,705 | $0 |
Address and contacts
- Address (IRS master file)
- 800 TROY SCHENECTADY RD, LATHAM, NY 12110-2455
- In care of
- % LYNETTE A METZ
- Principal officer (990 for 2024)
- J PHILIPPE ABRAHAM, 800 TROY-SCHENECTADY ROAD, LATHAM, NY 121102455
- Signed the 990
- J PHILIPPE ABRAHAM, TRUSTEE
- Phone
- (518) 213-6000
- Return prepared by
- WEAVER AND TIDWELL LLP
Mission
THE CATASTROPHE MAJOR MEDICAL PLAN ("CMM PLAN") WAS FORMED UNDER TRUST TO PROVIDE SUPPLEMENTAL (EXCESS MAJOR MEDICAL BENEFITS) HEALTH INSURANCE TO THE NYSUT MEMBERSHIP WHO VOLUNTARILY PARTICIPATE.
Program accomplishments
- SUPPLEMENTED BASIC HOSPITALIZATION AND MAJOR MEDICAL INSURANCE AND LONG TERM CARE. FOR THE YEAR ENDING 12/31/24, THERE WERE, ON AVERAGE, 90,478 COVERED LIVES, AND 54,250 POLICIES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-7358956
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E80)
- Assets (IRS master file)
- $212,113,236
- Income (IRS master file)
- $80,443,909
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $51,255,298 | $29,226,113 | $212,113,236 | XML |
| 990 | December 2023 | $40,748,810 | $28,168,874 | $184,862,048 | XML |
| 990 | December 2022 | $43,148,939 | $25,958,750 | $159,504,251 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-7358956).
Questions about NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS CATASTROPHE MAJOR
- What is the EIN of NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS CATASTROPHE MAJOR?
- The employer identification number (EIN) of NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS CATASTROPHE MAJOR is 47-7358956.
- Is NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS CATASTROPHE MAJOR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 2016.
- Are donations to NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS CATASTROPHE MAJOR tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS CATASTROPHE MAJOR file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS CATASTROPHE MAJOR due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS CATASTROPHE MAJOR last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS CATASTROPHE MAJOR?
- The 990 for the year ended December 31, 2024 names J PHILIPPE ABRAHAM.
- Who are the officers and directors of NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS CATASTROPHE MAJOR?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS CATASTROPHE MAJOR have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $51,255,298, expenses of $29,226,113 and total assets of $212,113,236 at year end.
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