2020-01-13T15:37:36-06:00 2019-08-31 131578842 BUCHBINDER TUNICK & COMPANY LLP 6720-A ROCKLEDGE DRIVE SUITE 510 BETHESDA MD 20817 990 2018-09-01 222480854 NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS TRUST NEWY 5182136000 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 J PHILIPPE ABRAHAM TRUSTEE 5182136000 2020-01-13 1 GARY BRUNICK P01049106 2402001400 2020-01-13 207.99.80.132 2020-01-13 10:22:50 ES P AA7797E29E8E9AF0AE760B6B811E4E75E09D129C AA7797E29E8E9AF0AE760B6B811E4E75E09D129C 2018 2021-01-29 14:40:06Z J PHILIPPE ABRAHAM 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 23363921 0 X HTTP://MEMBERBENEFITS.NYSUT.ORG X 1983 NY TO BE FIRST AND FOREMOST IN MINDS OF MEMBERS WHEN IT COMES TO INSURANCE, FINANCIAL, LEGAL AND OTHER SERVICES. THIS WILL OCCUR BY ENDORSING QUALITY PROGRAMS THAT ARE COMPETITIVELY PRICED AND ARE DESIGNED TO PROVIDE FINANCIAL EDUCATION AND SECURITY FOR MEMBERS AND THEIR FAMILIES. 8 7 0 8 0 0 0 0 4361278 4754307 2467546 1602758 7531872 8877595 14360696 15234660 0 0 3413682 3786820 3541876 3448228 0 0 0 2990778 3549770 9946336 10784818 4414360 4449842 62802554 72440652 32967278 35371266 29835276 37069386 ENDORSING QUALITY PROGRAMS THAT ARE COMPETITIVELY PRICED AND ARE DESIGNED TO PROVIDE FINANCIAL EDUCATION AND SECURITY FOR MEMBERS AND THEIR FAMILIES. 0 0 NYSUT AND GROUP LEGAL SERVICE PLANPROVIDES LEGAL ASSISTANCE FOR LEGAL MATTERS. FOR THE YEAR ENDING 8/31/19, THERE WERE, ON AVERAGE, 119,345 PARTICIPANTS. VOLUNTARY TERM LIFEPROVIDES TERM LIFE INSURANCE COVERAGE TO MEMBERS AND SPOUSES OR DOMESTIC PARTNERS. FOR THE YEAR ENDING 8/31/19, THERE WERE, ON AVERAGE, 81,970 PARTICIPANTS. GROUP TERM LIFEPROVIDES TERM LIFE INSURANCE COVERAGE TO MEMBERS AND SPOUSES OR DOMESTIC PARTNERS. FOR THE YEAR ENDING 8/31/19, THERE WERE, ON AVERAGE, 63,437 PARTICIPANTS. 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 10 0 1 0 0 0 0 0 0 0 0 0 X 8 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JACLYN FERRUCCI 5182136000 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 X RODERICK SHERMAN TRUSTEE-SECRETARY 2.00 X X 0 2500 0 ARTHUR PEPPER TRUSTEE 2.00 X 0 15167 0 LORETTA DONLON TRUSTEE 2.00 X 0 15167 0 MATTHEW HILL TRUSTEE 2.00 X 0 22752 0 KEVIN PETERMAN TRUSTEE 2.00 X 0 15167 0 THOMAS MCMAHON TRUSTEE 2.00 X 0 11662 0 JEFFREY HARTNETT TRUSTEE 2.00 X 0 179321 114780 J PHILIPPE ABRAHAM TRUSTEE-CHAIR 17.00 X X 0 153453 92286 ANGELINA RIVERA TRUSTEE 2.00 X 0 15167 0 THOMAS TUCKER TRUSTEE 2.00 X 0 15167 0 LYNETTE METZ DIRECTOR OF MEMBER BENEFITS 35.00 X 0 261616 180952 MICHAEL TRAVINSKI ASSOC GENERAL COUNSEL 7.00 X 0 183301 98379 JEFFREY LOCKWOOD DIRECTOR OF FINANCE 2.00 X 0 198276 116953 DEREK CLEMENT ASSISTANT IN MEMBER BENEFITS 35.00 X 0 152575 98781 JACLYN L FERRUCCI MANAGER OF ACCOUNTING/REPORTING 9.00 X 0 167879 101101 BETSY PORTER MANAGER IN MEMBER BENEFITS 35.00 X 0 144902 98584 0 1554072 901816 0 0 1 1 BENCHEMARK PRINTING INC PO BOX 1031 SCHENECTADY NY 12301 PRINTING 469501 PJ GREEN PO BOX 4026 UTICA NY 13504 PRINTING 446768 AMAZONCOM SERVICES 401 TERRY AVENUE NORTH SEATTLE WA 981095210 MEMBER ENGAGEMENT 252224 STACEY BRAUN ASSOCIATES INC 377 BROADWAY NEW YORK NY 100133934 INVESTMENT ADVISER 214769 SOUDERS LLC PO BOX 200896 PITTSBURGH PA 152510896 SUPPLIES FOR DISTRIBUTION 135254 5 PARTICIPANT CONTRIBS 524292 4070741 4070741 SERVICE FEE 561000 683566 683566 4754307 1647453 184420 1463033 8084566 8129261 -44695 -44695 -44695 EXP. REIMB./ENDORSEMENT FEES 900099 8925722 8925722 EQUIPMENT RENTAL 532420 411 411 NET EARNINGS/(LOSS) OF SUBSIDIARY 900099 -48538 -48538 8877595 15234660 13816322 0 1418338 3786820 2070816 769383 446665 161364 43570 47000 224619 422317 1116372 63735 845548 452070 26886 52870 2740 105689 ADMINISTRATIVE SERVICE 121696 STAFF TRAINING 17796 SECURITY SERVICES 6452 MISCELLANEOUS 410 10784818 3797 3457194 7344093 8452846 891824 772414 136470 123433 1226119 1225620 3239 499 39095350 42831802 14879805 16348884 447976 453580 62802554 72440652 9141517 10951921 77850 76650 23747911 24342695 32967278 35371266 X 0 0 0 0 29835276 37069386 29835276 37069386 62802554 72440652 4449842 2784268 0 X 0 1 X 0 0 23747911 629219 34435 24342695 23379352 746272 377713 23747911 22792487 721984 123119 12000 23379352 22110775 694212 500 12000 22792487 21306978 815797 12000 22110775 1.00000 0 0 591050 591050 0 243999 243999 0 391070 390571 499 499 WELLINGTON TRUST CORE BOND FUND 16348884 F 16348884 PREMIUM STABILIZATION AND OTHER RESERVES 24342695 24342695 X PART V, LINE 4: PREMIUM STABILIZATION RESERVES HAVE BEEN ESTABLISHED BY THE TRUST AND INSURANCE PROVIDERS FOR CERTAIN FULLY INSURED GROUP INSURANCE ARRANGEMENTS. THESE ARRANGEMENTS PROVIDE FOR THE RETURN TO THE NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS TRUST OF A PORTION OF EARNED PREMIUMS WHEN BENEFIT EXPERIENCE IN A POLICY YEAR IS FAVORABLE. THE AMOUNTS RETURNED ARE HELD IN RESERVE BY THE TRUST FOR THE EXCLUSIVE BENEFIT OF THE TRUST'S PARTICIPANTS. THE BENEFIT PROGRAMS WHICH HAVE PREMIUM STABILIZATION RESERVES INCLUDE THE FOLLOWING INSURANCES: TERM LIFE, DISABILITY, GROUP DENTAL AND INDIVIDUAL DENTAL. SOME RESERVES MAY BE USED TO OFFSET PROGRAM LOSSES OR CERTAIN EXPENSES RELATED DIRECTLY TO THAT PROGRAM. OTHER RESERVES HAVE BEEN ESTABLISHED TO SET ASIDE FUNDS EARMARKED FOR SPECIFIC BENEFIT PURPOSES. THOSE BENEFITS INCLUDE HOMEOWNERS INSURANCE AND LEGAL SERVICE PLAN CONFLICT RESOLUTION. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE TRUST AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE TRUST HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS CONCLUDED THAT AS OF AUGUST 31, 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. EMPLOYEE BENEFIT PLANS ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS FOR THE TRUST. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO THE YEAR ENDED AUGUST 31, 2016. 0 0 0 JEFFREY HARTNETT TRUSTEE 0 179321 0 0 0 0 0 52069 0 62711 0 294101 0 0 J PHILIPPE ABRAHAM TRUSTEE-CHAIR 0 134953 0 0 0 18500 0 40368 0 51918 0 245739 0 0 LYNETTE METZ DIRECTOR OF MEMBER BENEFITS 0 219562 0 0 0 42054 0 96391 0 84561 0 442568 0 0 MICHAEL TRAVINSKI ASSOC GENERAL COUNSEL 0 183301 0 0 0 0 0 52039 0 46340 0 281680 0 0 JEFFREY LOCKWOOD DIRECTOR OF FINANCE 0 198276 0 0 0 0 0 57196 0 59757 0 315229 0 0 DEREK CLEMENT ASSISTANT IN MEMBER BENEFITS 0 152575 0 0 0 0 0 40309 0 58472 0 251356 0 0 JACLYN L FERRUCCI MANAGER OF ACCOUNTING/REPORTING 0 167879 0 0 0 0 0 44424 0 56677 0 268980 0 0 BETSY PORTER MANAGER IN MEMBER BENEFITS 0 144902 0 0 0 0 0 41764 0 56820 0 243486 0 0 PART II, J. PHILIPPE ABRAHAM THIS TRUSTEE WAS UNDER A COMPENSATION ARRANGEMENT FOR 2018, WHERE A RELATED ORGANIZATION TO THE FILING ORGANIZATION PAYS SOME OF THIS TRUSTEE'S COMPENSATION AND AN UNRELATED ORGANIZATION (UNITED UNIVERSITY PROFESSIONS) PAYS THE REMAINDER OF THE COMPENSATION. FOR 2018, THE AMOUNT PAID TO J. PHILIPPE ABRAHAM BY UNITED UNIVERSITY PROFESSIONS TOTALED $150,869, WHICH INCLUDES WAGES, RETIREMENT AND NONTAXABLE BENEFITS. FORM 990, PART VI, SECTION A, LINE 2 NAME RELATIONSHIP ORGANIZATION LYNETTE METZ BUSINESS NYSUT MEMBER BENEFITS CORPORATION ARTHUR PEPPER BUSINESS NYSUT MEMBER BENEFITS CORPORATION JEFFREY HARTNETT BUSINESS NYSUT MEMBER BENEFITS CORPORATION FORM 990, PART VI, SECTION B, LINE 11B THE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPOINTS A CONFLICT OF INTEREST OFFICER. THE CONFLICT OF INTEREST OFFICER'S RESPONSIBILITIES ARE TO MONITOR THE IMPLEMENTATION OF THE CONFLICT OF INTEREST POLICY AND RECOMMEND TO THE OVERSIGHT COMMITTEE, SUCH MODIFICATIONS IN THE POLICY AS HE OR SHE MAY FROM TIME TO TIME DEEM APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THIS ORGANIZATION, AND ALL ITS RELATED ORGANIZATIONS, DETERMINES COMPENSATION OF ALL ITS OFFICERS AND KEY EMPLOYEES ANNUALLY EITHER BY A) COMPLIANCE WITH COLLECTIVE BARGAINING AGREEMENTS FOR INDIVIDUALS COVERED BY THE CBAS OR B) THE BOARD OF DIRECTORS OF THE PARENT ORGANIZATION, NEW YORK STATE UNITED TEACHERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE FORM 5500 FILED WITH THE EMPLOYEE BENEFIT SECURITY ADMINISTRATION (US DEPARTMENT OF LABOR) IS MADE AVAILABLE TO PLAN PARTICIPANTS. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B HOURS FOR RELATED ORGANIZATIONS SOME OF THE OFFICERS AND DIRECTORS LISTED IN PART VII, SECTION A, LINE 1A ALSO SERVE IN SIMILAR ROLES FOR RELATED ORGANIZATIONS. THE HOURS LISTED IN PART VII COLUMN B REFLECT THE AVERAGE HOURS PER WEEK FOR THIS ORGANIZATION ONLY. THE HOURS WORKED FOR RELATED ORGANIZATIONS ARE REFLECTED ON THE RESPECTIVE ORGANIZATIONS' FORM 990. CERTAIN KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES LISTED IN PART VII, SECTION A, LINE 1A ALSO PERFORM WORK IN VARYING CAPACITIES FOR RELATED ORGANIZATIONS. THE TOTAL HOURS THAT THESE EMPLOYEES WORK ON AVERAGE IS BETWEEN 35 AND 40 HOURS PER WEEK FOR THIS AND RELATED ORGANIZATIONS. JEFFREY HARTNETT BECAME THE DIRECTOR OF MEMBER BENFITS IN JANUARY 2019, AT WHICH POINT HIS AVERAGE HOURS PER WEEK CHANGED FROM 2 TO 35. NEW YORK STATE UNITED TEACHERS 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 141584772 LABOR ORGANIZATION NY 501(C)(5) N/A 0 NYSUT BUILDING CORPORATION 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 141700200 BUILDING CORPORATION NY 501(C)(2) NEW YORK STATE UNITED TEACHERS 0 NYSUT RETIREE VEBA HEALTH FUND 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 146204878 BENEFIT PLAN NY 501(C)(9) N/A 0 VOICE OF TEACHERS FOR EDUCATIONCOMMITTEE ON POLICAL EDUCATION 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 141565672 POLICAL COMMITTEE NY 527 N/A 0 NYSUT EMPLOYEES RETIREMENT PLAN 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 141584772 NYSUT EMPLOYEE BENEFIT PLAN NY 501(A) N/A 0 NYSUT STAFF 401(K) PLAN 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 141584772 NYSUT EMPLOYEE ELECTIVE BENEFIT PLAN NY 501(A) N/A 0 NYSUT EDUCATION AND LEARNING TRUST 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 166460576 OFFERS COURSES TO PROMOTE EFFECTIVE TEACHING NY 501(C)(3) LINE 2 N/A 0 NYSUT DISASTER RELIEF AND SCHOLARSHIP TRUST 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 113761261 PROVIDES DISASTER RELIEF AND SCHOLARSHIPS NY 501(C)(3) LINE 5 N/A 0 MARY MULDOON FUND 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 146030191 PRIVATE FOUNDATION NY 501(C)(3) PF N/A 0 NYSUT PLAN FOR FORMER EMPLOYEES OF NEA NY PLAN #006 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 141584772 NYSUT EMPLOYEE BENEFIT PLAN NY 501(A) N/A 0 NEW YORKERS FOR A BRIGHTER FUTURE 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 273442678 POLICAL COMMITTEE NY 527 N/A 0 VOICE OF TEACHERS FOR EDUCATIONCOMMITTEE ON POLICAL EDUCATION 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 264047272 POLICAL COMMITTEE NY 527 N/A 0 FUND FOR GREAT PUBLIC SCHOOLS 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 813546512 POLICAL COMMITTEE NY 527 N/A 0 FIGHTING FOR OUR FUTURE 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 831504855 POLICAL COMMITTEE NY 527 N/A 0 TEACHERS FOR CHRISTINE 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 821324199 POLICAL COMMITTEE NY 527 N/A 0 NYSUT MEMBER BENEFITS CORPORATION 800 TROY SCHENECTADY ROAD LATHAM NY 121102455 263989358 MEMBER PROGRAM DISCOUNTS NY N/A C -48538 594815 1.00000 1 1 0 0 1 0 0 0 0 0 0 1 1 1 1 1 1 1 0 0 NYSUT MEMBER BENEFITS CORPORATION A 184420 ACTUAL COSTS AND/OR FMV NYSUT MEMBER BENEFITS CORPORATION Q 84000 ACTUAL COSTS AND/OR FMV NYSUT MEMBER BENEFITS CORPORATION P 1001513 ACTUAL COSTS AND/OR FMV NYSUT MEMBER BENEFITS CORPORATION D 9077274 ACTUAL COSTS AND/OR FMV