#374 of 500 · Member & Benefit Funds

United Federation Of Teachers Welfare Fund

EIN 13-2547675 · NY · NTEE n/a · Form 990, fiscal 2023

A nonprofit benefit fund based in New York City, founded in 1965. Administered by a board of trustees appointed by the United Federation of Teachers, it uses employer contributions to provide supplementary health and welfare benefits (such as prescription, dental, and optical coverage) to eligible active and retired New York City Department of Education employees covered under UFT agreements and their dependents, and funds certain college scholarships.

Financials, fiscal 2023

Revenue

$411.9M

Expenses

$352.9M

Total assets

$988.7M

Net assets

$866.8M

Operating margin

14.3%

1-year growth

-6.3%

5-year growth (CAGR)

-1.9%

Reserve (years of spending)

29.5

Contributions share

n/a

Programme spending

93.6%

Fundraising cost

n/a

Executive pay share

0.16%

Employees

168

Revenue per employee

$2.5M

Grants paid

n/a

Years filing

57

NFP Health Score: 79 / 100

Financial 62 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To provide supplementary welfare benefits to eligible employees and retirees, and to make available college scholarships for children from low-income families who have graduated from the city's public schools.

Revenue history