2024-11-15T08:03:23-06:00 2023-12-31 BDO USA 200 PARK AVENUE 38TH FLOOR NEW YORK NY 10166 990 2023-01-01 203491772 Freelancers Union Inc % JERMAIN BROWN FREE 7185321515 241 37th Street Suite A26 Brooklyn NY 11232 Rafael Espinal Executive Director 7185321515 2024-11-12 true true Tara Cooke P01281186 2128858000 2023 2024-10-15 13:58:12Z Rafael Espinal 241 37th StreetA26 Brooklyn NY 11232 1393799 false X www.freelancersunion.org X 2005 DE TO ADDRESS THE CONCERNS OF THE INDEPENDENT WORKFORCE THROUGH ADVOCACY, EDUCATION AND SERVICE, AND THROUGH THE DEVELOPMENT OF NEW MODELS 8 7 0 7 0 0 0 5000 0 0 0 0 1145772 1388799 1145772 1393799 0 0 0 0 378982 524672 0 0 51541 590748 701318 969730 1225990 176042 167809 15657941 1586848 18686631 344816 -3028690 1242032 X FREELANCERS UNION, INC. REPRESENTS THE NEEDS AND CONCERNS OF THE GROWING INDEPENDENT WORKFORCE THROUGH ADVOCACY, INFORMATION, AND SERVICE. THE MEMBERSHIP CONSISTS OF INDEPENDENT WORKERS - FREELANCERS, CONSULTANTS, TEMPS, PART-TIMERS, AND CONTINGENT EMPLOYEES. THE ORGANIZATION PROMOTES AND ENGAGES IN PUBLIC AWARENESS CAMPAIGNS AND EDUCATIONAL ACTIVITIES SUCH AS LECTURES, CONFERENCES AND WORKSHOPS. THE ORGANIZATION MAINTAINS AN ONLINE COMMUNITY FOR INDEPENDENT WORKERS AND OTHER INTERESTED ORGANIZATIONS, SUCH AS MEMBERSHIP ORGANIZATIONS ASSOCIATION, GUILDS, NON-PROFIT GROUPS AND UNIONS. THE ORGANIZATION EXPANDS ACCESS TO HEALTH CARE FOR UNINSURED INDEPENDENT AND LOW-INCOME WORKERS THROUGH THE DEVELOPMENT AND OPERATION OF A DEMONSTRATION PROGRAM THAT CONNECTS SUCH WORKERS TO PORTABLE AND AFFORDABLE INSURANCE BENEFITS PREVIOUSLY UNAVAILABLE TO FREELANCERS, AS WELL AS ENGAGING IN SUCH RESEARCH AND PROVIDING EDUCATIONAL WORKSHOPS FOR MEMBERS, THE GENERAL PUBLIC, OTHER NON-PROFIT ORGANIZATIONS false false 790606 0 1388799 PORTABLE BENEFITS NETWORK - MAINTAIN DISCRETIONARY GROUP STATUS AND LINK UNINSURED INDEPENDENT AND LOW-INCOME WORKERS TO AN INNOVATIVE SOCIAL SAFETY NET OF INSURANCE BENEFITS (HEALTH, LIFE AND DISABILITY AND OTHER TRADITIONAL WORKPLACE BENEFITS) NOT PREVIOUSLY AVAILABLE TO FREELANCERS AS THEY MOVE FROM JOB TO JOB. 0 0 0 EDUCATION AND ADVOCACY PROVIDES PRACTICAL INFORMATION AND BROAD RANGE OF RESOURCES TO INDEPENDENT WORKERS, POLICYMAKERS, MEDIA AND THE PUBLIC, INCLUDING WORKSHOPS AND REFERRALS FOR INDEPENDENT WORKERS ON THE LEGAL AND TAX CONSIDERATIONS OF WORKING INDEPENDENTLY, POLICY UPDATES TO FREELANCERS AND POLICYMAKERS, AND RESEARCH AND ANALYSIS TO THE MEDIA AND GENERAL PUBLIC ON THE CHANGING NATURE OF THE ECONOMY. 790606 false true false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false true true true false true 18 0 true 0 false false false false false false false false false X 8 7 false false false false false false false true true false false true true true true true true true false false NY X JERMAIN BROWN 9179695423 241 37TH STREET SUITE A26 Brooklyn NY 11232 RAFAEL ESPINAL EXEC. DIRECTOR 28.0 2.0 X X 186175 6420 9568 HANAN KOLKO CHAIR 1.0 1.0 X X 0 0 0 TRISALA CHANDARIA SECRETARY/TREASURER 1.0 1.0 X X 0 0 0 INA CHANG DIRECTOR 1.0 1.0 X 0 0 0 OHAD FOLMAN DIRECTOR 1.0 1.0 X 0 0 0 JULIE SAMUELS DIRECTOR (AS OF 6/1/23) 1.0 1.0 X 0 0 0 ELLE TOUSSI DIRECTOR 1.0 1.0 X 0 0 0 LAURA WISE DIRECTOR (AS OF 6/1/23) 1.0 1.0 X 0 0 0 186175 6420 9568 1 false true false 0 5000 5000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MARKETING REVENUE 900099 736062 736062 ADMINISTRATIVE FEE 900099 511302 511302 BENEFITS REVENUE 900099 141435 141435 1388799 1393799 1388799 0 0 0 0 0 0 195424 130511 51201 13712 0 257604 171564 67492 18548 0 33298 21818 8724 2756 38346 25538 10047 2761 0 6322 6322 67540 67540 0 0 0 63501 12954 49147 1400 79118 52693 20729 5696 46357 32681 11028 2648 58274 51176 5568 1530 0 150760 100406 50354 27561 18356 7221 1984 0 0 2823 1880 740 203 0 0 79715 53090 26625 WORKSHOPS 115132 115132 LICENSE AND FEES 3365 2241 882 242 EQUIPMENT RENTAL/LEASE 850 566 223 61 1225990 790606 383843 51541 1155151 1162454 1500 0 0 0 176060 244653 0 0 0 0 0 0 0 0 45826 75921 124739 20919 100337 103820 0 0 0 0 13520659 0 0 0 658408 0 15657941 1586848 1510465 167211 0 0 248757 177605 0 0 0 0 0 0 0 0 8921394 0 8006015 0 18686631 344816 X -3028690 1242032 0 0 -3028690 1242032 15657941 1586848 X 167809 4102913 X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 124739 20919 103820 103820 0 0 X X X X false false false false false false false false false RAFAEL ESPINAL EXEC. DIRECTOR 186175 6420 0 0 0 0 0 0 9249 319 195424 6739 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND INTERNAL ACCOUNTING STAFF AND IS THEN PROVIDED TO AND REVIEWED BY EXTERNAL LEGAL COUNSEL. THE ORGANIZATION ELECTRONICALLY DISTRIBUTES FORM 990 TO EACH VOTING BOARD MEMBER AND PROVIDES THEM WITH AN OPPORTUNITY TO REVIEW AND RESOLVE ANY QUESTIONS/ISSUES BEFORE IT IS FILED WITH IRS. A FINAL COPY IS PROVIDED TO THE BOARD BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY REQUIRING ALL DIRECTORS AND OFFICERS TO SIGN A CONFLICT OF INTEREST AND DISCLOSURE FORM ANNUALLY, AND TO AFFIRMATIVELY DISCLOSE POTENTIAL CONFLICTS AS THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15A THE REPORTING ORGANIZATION HAS NO COMPENSATION PAID TO THE EXECUTIVE DIRECTOR. COMPENSATION IS PAID BY A RELATED SECTION 501(C)(3) ORGANIZATION WHO HAS AN INDEPENDENT COMPENSATION COMMITTEE WHICH COLLECTS AND EVALUATES ANNUALLY OUTSIDE DATA FOR COMPENSATION. THAT COMMITTEE ESTABLISHES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. SALARIES TO THE EXECUTIVE DIRECTOR AND OTHER EMPLOYEES ARE ALLOCATED TO AFFILIATED ORGANIZATIONS BASED UPON TIME WORKED ON THE ORGANIZATION. AMOUNT REPORTED REPRESENTS THE ALLOCATED PORTION TO THE ORGANIZATION PURSUANT TO THE ALLOCATED TIME WORKED FOR THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS. FORM 990, PART XI, LINE 9, OTHER CHANGES IN NET ASSETS RELATED PARTY LIABILITY WRITE-OFF $ 7,915,038. DEBT FORGIVENESS FROM THIRD PARTY LOAN $ 10,364,989. LOSS ON INVESTMENT IN FREELANCERS INSURANCE COMPANY $ (13,520,659). WRITE-OFF OF RELATED PARTY RECEIVABLE $ (656,455). --------------- TOTAL $ 4,102,913 FREELANCERS INSURANCE COMPANY ("FIC"), A 100% OWNED SUBSIDIARY OF FREELANCERS UNION, INC. WAS DISSOLVED AND LIQUIDATED EFFECTIVE MARCH 3, 2023, BY THE NEW YORK DEPARTMENT OF FINANCIAL SERVICES. FREELANCERS UNION, INC. FUNDED FIC THROUGH LOANS FROM VARIOUS LENDERS. AN AGREEMENT WAS ENTERED INTO BY FREELANCERS UNION, INC. AND THE LENDERS REGARDING THE ASSET LIQUIDATION OF FIC. PURSUANT TO THE AGREEMENT, DATED APRIL 30, 2020, ANY REMAINING ASSETS OF FIC AVAILABLE AT THE TIME OF LIQUIDATION WERE TO BE THE SOLE ASSETS USED TO REPAY THE LENDERS. THE AMOUNT OWED TO THE LENDERS AT LIQUIDATION WAS $10,364,989 ($8,921,394 IN PRINCIPAL AND $1,443,594.85 IN ACCRUED INTEREST). THE AMOUNT AVAILABLE FOR DISTRIBUTION AFTER THE LIQUIDATION PROCESS WAS $2,331,805 WHICH WAS DISTRIBUTED PRO RATA TO THE LENDERS AND ACCEPTED, PURSUANT TO THE AGREEMENT, AS FULL SETTLEMENT OF THE OUTSTANDING LOANS AND ACCRUED INTEREST. THE INVESTMENT IN FIC OF $13,520,659, THAT WAS CARRIED ON FREELANCERS UNION INC'S BALANCE SHEET, WAS WRITTEN OFF AS A TOTAL LOSS ON THE DATE OF DISSOLUTION WHICH WAS REFLECTED ON FREELANCERS UNION INC.'S BALANCE SHEET AS OF DECEMBER 31, 2023. IN CONJUNCTION WITH THE LIQUIDATION OF FIC, FREELANCERS UNION, INC. RECEIVED NET RELATED PARTY DEBT FORGIVENESS OF $7,915,307. WORKING TODAY, INC. AND FREELANCERS INSURANCE AGENCY ("FIA") WROTE-OFF THE NET RELATED PARTY RECEIVABLES DUE FROM FREELANCERS UNION INC AS OF DECEMBER 31, 2023, IN THE AMOUNT OF $7,219,698 AND $695,339, RESPECTIVELY. THIS NET RECEIVABLE WAS PRIMARILY COMPRISED OF TRANSACTIONS RELATED TO THE OPERATION OF FIC. AS A RESULT OF THE DISSOLUTION AND LIQUIDATION OF FIC ON MARCH 3, 2023, WORKING TODAY, INC. AND FIA DETERMINED THAT THERE WILL BE NO CHANCE OF COLLECTING THIS RELATED PARTY RECEIVABLE AS OF DECEMBER 31, 2023. FREELANCERS UNION, INC. WROTE-OFF NET INTERCOMPANY RECEIVABLE OF $656,455 FROM INDEPENDENT WORKERS SERVICES ("IWS") AS IT DEEMED THIS AMOUNT UNCOLLECTIBLE SINCE IWS WAS DORMANT. WORKING TODAY INC 241 37th Street Suite A26 BROOKLYN NY 11232 133858323 EDU &ADVOCACY NY 501(C)(3) LINE 7 FREE UNION true FREELANCERS BROKERAGE INC 241 37th Street Suite A26 BROOKLYN NY 11232 352503835 INSURANCE NY Freelancers C CORP -17211 254316 1.00000 true FREELANCERS INSURANCE COMPANY INC 241 37th Street Suite A26 BROOKLYN NY 11232 262358055 INSURANCE NY Freelancers C CORP 0 0 1.00000 true FREELANCERS UNION FED PAC 241 37th Street Suite A26 BROOKLYN NY 11232 270799582 PAC NY Freelancers C CORP 0 0 1.00000 true FREELANCERS UNION STATE PAC 241 37th Street Suite A26 BROOKLYN NY 11232 263003312 PAC NY Freelancers C CORP 0 0 1.00000 true INDEPENDENT WORKERS SERVICES INC 241 37th Street Suite A26 BROOKLYN NY 11232 260373278 MANAGEMENT SV NY Freelancers C CORP 0 0 1.00000 true false false false true true false false false false false false false true true false true true false false