2024-12-18T13:57:28-06:00 2024-03-31 010723685 DERMODY BURKE & BROWN CPAS LLC 443 N FRANKLIN ST STE 100 SYRACUSE NY 132041441 990 2023-04-01 141742655 UNITED UNIVERSITY PROFESSIONS BENEFIT TRUST FUND UNIT 5186406600 PO BOX 15143 ALBANY NY 12112 FREDERICK KOWAL PRESIDENT 5186406600 2024-12-18 1 0 DONALD E ALBRIGHT P01533708 3154719171 2024-12-18 2023 2024-10-15 13:58:12Z FREDERICK KOWAL PO BOX 15143 ALBANY NY 12112 47225324 0 X WWW.UUPINFO.ORG X 1991 NY PROVIDES DENTAL, OPTICAL, LIFE INSURANCE & TUITION SCHOLARSHIP BENEFITS TO PARTICIPANTS & THEIR COVERED DEPENDENTS. 5 0 0 0 0 0 0 0 42438440 44117204 1105953 2781658 0 0 43544393 46898862 0 0 0 0 0 0 0 0 0 33779405 36175096 33779405 36175096 9764988 10723766 88844424 103776145 4726749 4799440 84117675 98976705 X THE PLAN WAS ESTABLISHED PURSUANT TO THE PROVISIONS OF AN AGREEMENT & DECLARATION OF TRUST BETWEEN THE UNITED UNIVERSITY PROFESSIONS & THE BOARD OF TRUSTEES. THE PLAN PROVIDES DENTAL, OPTICAL, LIFE INSURANCE & TUITION SCHOLARSHIP BENEFITS TO PARTICIPANTS & THEIR COVERED DEPENDENTS. 0 0 TO PROVIDE DENTAL, OPTICAL, LIFE INSURANCE AND TUITION SCHOLARSHIP BENEFITS TO PARTICIPANTS AND THEIR COVERED DEPENDENTS. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 X 5 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JERILUANNE O'BRYAN-LOSEE SECRETARYTREASURER 5186406600 800 TROY-SCHENECTADY RD LATHAM NY 12110 FREDERICK E KOWAL PRESIDENT 3.00 42.00 X X 0 167357 71934 JERILUANNE O'BRYAN-LOSEE SECRETARY / TREASURER 7.00 38.00 X X 0 191833 53416 ALISSA KARL TRUSTEE 3.00 42.00 X 0 162542 47920 CAROLYN KUBE TRUSTEE 3.00 42.00 X 0 183678 43333 THOMAS HOEY TRUSTEE THROUGH 5/31/2023 4.00 19.00 X 0 23210 11412 PATRICK ROMAIN TRUSTEE 4.00 19.00 X 0 41148 14768 ELIZABETH HOUGH COUNSEL TO THE PRESIDENT 1.00 39.00 X 0 194631 59390 DOREEN BANGO DIRECTOR OF MEMBER SERVICE 37.60 2.40 X 0 176389 43422 TINA GEORGE DIRECTOR OF FINANCE 26.00 14.00 X 0 176073 39794 KRISTIE SAMMONS DIRECTOR OF ORGANIZING 1.20 38.80 X 0 163131 62875 LYNN ALDERMAN ASST. TO THE PRESIDENT 14.00 26.00 X 0 153395 47249 0 1633387 495513 0 0 1 1 0 GOVM'T AGENCY FEES & CONTRACTS 525100 43171500 43171500 PARTICIPANT FEES 525100 945704 945704 44117204 3108120 3108120 326462 -326462 -326462 -326462 46898862 46898862 0 0 13185 30750 259289 100846 127057 188442 53434 358 43945 18394 BENEFITS PAID TO MEMBER 32121572 EMPLOYMENT REIMBURSEMEN 2905547 DATA PROCESSING 236250 EQUIPMENT EXPENSE 69479 6548 36175096 10935471 19987491 353846 0 434628 116961 244836 69797 43184 175039 68955164 67528887 7714328 15674289 407803 293478 88844424 103776145 102225 131716 123513 60782 4501011 4606942 4726749 4799440 X 0 0 0 0 84117675 98976705 84117675 98976705 88844424 103776145 10723766 4135264 0 X X 0 1 X 1 0 1 1 0 244836 69797 175039 175039 ISHARES CORE US BOND 8516764 F CALVERT US LARGE CAP CORE 7157525 F 15674289 ESTIMATED CLAIMS INCURRED 91200 CLAIMS PAYABLE 408207 ACCUMULATED ELIGIBILITY CREDITS 3807378 DUE TO RELATED PARTY 959 LEASE LIABILITIES - OPERATING 299198 4606942 X 50774837 4135264 4135264 46639573 259289 259289 46898862 35693540 -222267 -222267 35915807 259289 259289 36175096 PART X, LINE 2: THE PLAN HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ESTIMATED CLAIMS AND ACCUMULATED ELIGIBILITY X X X 0 0 0 FREDERICK E KOWAL PRESIDENT 0 158401 0 0 0 8956 0 0 0 71934 0 239291 0 0 JERILUANNE O'BRYAN-LOSEE SECRETARY / TREASURER 0 183582 0 0 0 8251 0 0 0 53416 0 245249 0 0 ALISSA KARL TRUSTEE 0 157648 0 0 0 4894 0 0 0 47920 0 210462 0 0 CAROLYN KUBE TRUSTEE 0 180457 0 0 0 3221 0 0 0 43333 0 227011 0 0 ELIZABETH HOUGH COUNSEL TO THE PRESIDENT 0 194631 0 0 0 0 0 20543 0 38847 0 254021 0 0 DOREEN BANGO DIRECTOR OF MEMBER SERVICE 0 176389 0 0 0 0 0 16377 0 27045 0 219811 0 0 TINA GEORGE DIRECTOR OF FINANCE 0 176073 0 0 0 0 0 14076 0 25718 0 215867 0 0 KRISTIE SAMMONS DIRECTOR OF ORGANIZING 0 163131 0 0 0 0 0 17035 0 45840 0 226006 0 0 LYNN ALDERMAN ASST. TO THE PRESIDENT 0 153395 0 0 0 0 0 14248 0 33001 0 200644 0 0 SCHEDULE J, COMPENSATION FROM UNRELATED ORGANIZATION: FREDERICK E. KOWAL, ALISSA KARL, CAROLYN KUBE AND JERILUANNE O'BRYAN-LOSEE RECEIVED MONETARY SALARY AND BENEFITS PAID DIRECTLY BY NY STATE. UNITED UNIVERSITY PROFESSIONS (UUP), A RELATED PARTY OF THE BENEFIT TRUST FUND, REIMBURSED NY STATE THE ENTIRE STATE UNIVERSITY OF NEW YORK (SUNY) SALARY AND NON-TAXABLE BENEFITS FOR THOSE INDIVIDUALS BECAUSE THEIR TIME IS SPENT ON UUP-RELATED BUSINESS MATTERS. NY STATE IS AN UNRELATED PARTY TO UUP; HOWEVER, SINCE UUP REIMBURSED NY STATE FOR THE ENTIRE SUNY SALARY, THE SUNY SALARY IS TREATED AS HAVING BEEN PAID BY UUP FOR 990 PURPOSES. WAGES AND BENEFITS FROM NY STATE FOR THE YEAR ENDED DECEMBER 31, 2023 WERE $575,051. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE RECEIVED THE DRAFT 990 FROM THE AUDITOR AND REVIEWED THE FORM. THE AUDITORS PRESENTED THE DRAFT 990 TO THE TRUSTEES. THE TRUSTEES REVIEWED THE 990 PRIOR TO FILING. THE 990 WAS FILED ONCE ALL QUESTIONS WERE ADDRESSED AND ALL SIGNATURES OBTAINED. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. IF POTENTIAL CONFLICTS ARE REPORTED, SPECIFIC GUIDELINES ARE IMPLEMENTED FOR EACH INDIVIDUAL CASE. FORM 990, PART VI, SECTION B, LINE 15 THE BENEFIT TRUST FUND (BTF) HAS ENTERED INTO AN EXPENSE ALLOCATION AGREEMENT WITH UNITED UNIVERSITY PROFESSIONS (UUP), A RELATED PARTY. THE BTF PAYS UUP FOR SHARED ADMINISTRATIVE EXPENSES, INCLUDING SALARIES AND BENEFITS. UUP HAS A PROCESS FOR REVIEWING THE OFFICERS' SALARIES WHICH IS FURTHER DESCRIBED ON SCHEDULE J AND UUP'S FORM 990. THE COMPENSATION STRUCTURE OF UUP IS AS FOLLOWS: UUP PAYS SEVERAL OFFICERS & TRUSTEES A STIPEND, AND SOME ALSO RECEIVE A LIVING ALLOWANCE AND A PENSION PAYMENT. ALL OF THESE ITEMS ARE REPORTED ON UUP'S FORM W-2. THE OFFICERS & TRUSTEES ARE ALSO PAID A SALARY AND NON-TAXABLE BENEFITS BY THE STATE UNIVERSITY OF NEW YORK (SUNY). THE SALARIES PAID BY SUNY ARE REPORTED ON A W-2 FROM NY STATE. UUP REIMBURSES NY STATE THE ENTIRE SUNY SALARY AND NON-TAXABLE BENEFITS FOR THOSE INDIVIDUALS BECAUSE THESE INDIVIDUALS' TIME IS SPENT ON UUP-RELATED BUSINESS MATTERS. NY STATE IS AN UNRELATED PARTY TO UUP; HOWEVER, SINCE UUP REIMBURSES NY STATE FOR THE ENTIRE SUNY SALARY, THE SUNY SALARY IS TREATED AS HAVING BEEN PAID BY UUP FOR 990 PURPOSES. COLUMN D OF PART VII OF THE 990 CONTAINS THE TOTAL OF THE OFFICERS & TRUSTEES FORMS W-2 FROM BOTH UUP & NY STATE. COLUMN F OF PART VII OF THE 990 CONTAINS THE TOTAL NON-TAXABLE BENEFITS PAID BY NY STATE FOR THE OFFICERS & TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE MAINTAINED IN THE OFFICE FOR INSPECTION AND REVIEW. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS DURING THE TAX YEAR. UNITED UNIVERSITY PROFESSIONS 800 TROY SCHENECTADY RD LATHAM NY 12110 141537599 IMPROVING EMPLOYMENT CONDITIONS FOR STAFF OF STATE UNIVERSITY OF NY. NY 501(C)(5) N/A 0 UUP MEMBER SERVICES TRUST FUND PO BOX 15143 ALBANY NY 12212 205565657 PROVIDES BENEFITS FOR STAFF OF STATE UNIVERSITY OF NY. NY 501(C)(5) N/A 0 UUP HIGHER EDUCATION ACTION FUND PO BOX 15143 ALBANY NY 12212 882204058 POOLS CAMPAIGN CONTRIBUTIONS TO SUPPORT CANDIDATES NY 527 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 UNITED UNIVERSITY PROFESSIONS O 224089 COST UNITED UNIVERSITY PROFESSIONS P 2905547 COST