2024-11-11T13:25:36-06:00 2023-12-31 471492235 HOBERMAN & LESSER LLP 252 W 37TH STREET STE 600 NEW YORK NY 10018 990 2023-01-01 263373401 NEW YORK INDEPENDENT LIVERY DRIVER BENEFIT FUND NEWY 2124612244 CO SHANKER LAW 48 WALL ST 11 FL NEW YORK NY 10005 AVIK KABESSA CHAIRMAN 2124612244 2024-10-23 1 1 STEVEN LESSER CPA P01465175 2124630900 2024-10-23 2023 2024-10-15 13:58:12Z AVIK KABESSA SAME AS C ABOVE NEW YORK NY 10038 1474772 0 X WWW.NEWYORKLIVERYFUND.COM X 2008 NY NEW YORK STATE LEGISLATIVELY CREATED & SPONSORED WORKERS' COMPENSATION INSURANCE BENEFITS FUND 3 3 0 0 0 0 0 0 1582358 1428693 5914 46079 0 0 1588272 1474772 0 0 0 0 400 1200 0 0 0 1686667 1625135 1687067 1626335 -98795 -151563 2177238 1939701 1015650 929676 1161588 1010025 X TO MANAGE THE AFFFAIRS OF THE NOT-FOR-PROFIT CORPORATION BY ASSESSING AND COLLECTING MONIES FROM MEMBER ORGANIZATIONS FOR THE PURPOSE OF OBTAINING A POLICY OF INSURANCE TO BE USED TO PROVIDE WORKERS' COMPENSATION BENEFITS TO LIVERY & BLACK CAR DRIVERS WHO QUALIFY FOR BENFITS UNDER ARTICLE 6-G OF THE EXECUTIVE LAW OF THE STATE OF NEW YORK. 0 0 1. SUCCESSFULLY CONTINUED TO OPERATE UNDER THE PLAN OF OPERATION FOR WHICH THE BOARD OF DIRECTORS EXERCISED ITS STATUTORY POWERS IN ACCORDANCE WITH THE PROVISIONS OF ARTICLE 6-G OF TEH EXECUTIVE LAW OF THE STATE OF NEW YORK;2. SUCCESSFULLY MAINTAINED AN ESTABLISHED FORMULA FOR ASSESSING MEMBER ORGANIZATIONS IN ACCORDANCE WITH ARTICLE 6-G, SECTION 160-CCC;3. SUCCESSFULLY CONTINUED TO COLLECT MONIES FROM MEMBER ORGANIZATIONS AND USED SUCH FUNDS, IN ACCORDANCE WITH SECTION 160-DDD, BY RENEWING A POLICY OF INSURANCE WHICH IS TO PROVIDE WORKERS' COMPENSATION BENEFITS TO LIVERY DRIVERS WHO QUALIFY FOR SUCH UNDER THE TERMS OF THE LAW;4. SUCCESSFULLY CONTINUED TO OPERATE IN ACCORDANCE WITH SECTION 160-GGG, BY ENSURING THE FAIR, REASONABLE AND EQUITABLE ADMINISTRATION OF THE FUNDS OF TEH NOT-FOR-PROFIT CORPORATION;5. SUCCESSFULLY INITIATED AN OUTREACH PROGRAM TO BETTER EDUCATE MEMBER ORGANIZATIONS ON THE REASON FOR COMPLIANCE WITH THE LAW;6. SUCCESSFULLY CONTRIBUTED TO THE MAINTENANCE OF HIGH LEVELS OF COMPLIANCE OF MEMBER ORGANIZATIONS;7. SUCCESSFULLY ENABLED THE NEW YORK STATE UNINSURED EMPLOYERS FUND TO SIGNIFICANTLY DECREASE THE MONIES IT PAID TO PREVIOUSLY UNINSURED CLAIMANTS;8. SUCCESSFULLY CONTINUED TO ENABLE LIVERY DRIVERS TO OPBTAIN BENEFITS THEY ARE ENTITLED TO IN A QUICKER AND MORE EFFICIENT MANNER. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 1 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X THE ORGANIZATION 6467553301 C/O SHANKER LAW 48 WALL STREET - 11 NEW YORK NY 10038 AVIK KABESSA CHAIRMAN 4.00 X X 400 0 0 ALAN PLAFKER TREASURER 4.00 X X 400 0 0 ARACELY MEDRANDA-KUSZEL BOARD MEMBER 4.00 X 400 0 0 1200 0 0 0 0 0 0 0 MEMBERSHIP FEES 525990 1294848 1294848 PROFIT SHARING ON WORKERS COMP PO 525990 133845 133845 1428693 46079 46079 1474772 0 0 1474772 1200 48000 19000 426 1531 23292 WORKERS COMP POLICY 1294848 PROFIT SHARING FEE EXPE 90000 COMPUTER SOFTWARE MAINT 71134 ADMINISTRATIVE EXPENSES 66000 10904 1626335 265520 293642 1702845 1563414 18945 17625 6951 6951 0 0 65020 65020 124908 0 2177238 1939701 1015650 855869 0 73807 1015650 929676 X -718412 -579975 1880000 1590000 1161588 1010025 2177238 1939701 -151563 0 X 0 0 0 6951 6951 0 0 DUE TO HEREFORD INSURANCE COMPANY 73807 73807 X PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS USING A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT AS TO WHETHER THE UNCERTAINTY WILL BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD. FORM 990, PART VI, SECTION A, LINE 3 HEREFORD INSURANCE COMPANY IS DELEGATED CONTROL. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP IN THE FUND IS COMPRISED OF ALL INDEPENDENT LIVERY DRIVERS BASES AS PER ARTICLE 6-G, SECTION 160-FFF. FORM 990, PART VI, SECTION B, LINE 11B COPY OF FORM 990 HAS BEEN REVIEWED BY ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FUND MONITORS COMPLIANCE WITH CONFLICT OF INTEREST POLICIES VIA MANAGEMENT OVERSIGHT AND REGULAR EVALUATIONS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION, IF ANY, OF THE PAID OFFICERS OR TOP MANAGEMENT INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILTY DATA, AND CONTEMPORANEOUS SUBSTANSIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 18 ALL RELATED DOCUMENTS ARE AVAILABLE FOR REVIEW AT THE FUND'S OFFICE FORM 990, PART VI, SECTION C, LINE 19 ALL RELATED DOCUMENTS ARE AVAILABLE FOR REVIEW AT THE FUND'S OFFICE