Nonprofit · EIN 13-2547675
UNITED FEDERATION OF TEACHERS WELFARE FUND
Also known as UFT WELFARE FUND
Tax-exempt · NEW YORK, NY 10004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 (amended) | $453,527,688 | $412,844,750 | $40,682,938 | $1,118,013,425 | $121,380,302 | $996,633,123 |
| September 30, 2024 | 990 | $435,815,096 | $403,652,612 | $32,162,484 | $1,059,582,682 | $118,400,695 | $941,181,987 |
| September 30, 2023 | 990 | $411,902,353 | $352,933,277 | $58,969,076 | $988,654,030 | $121,887,485 | $866,766,545 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $398,561,673
- Investment income
- $40,961,602
- Net gain from sales of assets
- $4,915,316
- Other revenue
- $14,004,413
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $367,873,583
- Compensation of officers, directors and key employees
- $668,075
- Other salaries and wages
- $13,417,099
- Salaries, compensation and benefits (total)
- $26,232,974
- Professional fundraising fees
- $0
- Legal fees
- $194,165
- Accounting fees
- $52,000
- Occupancy
- $3,125,132
- Depreciation
- $856,769
Balance sheet and other
- Total assets, start of year
- $1,059,582,682
- Total assets, end of year
- $1,118,013,425
- Total liabilities, end of year
- $121,380,302
- Net assets, end of year
- $996,633,123
- Land, buildings and equipment
- $3,061,643
- Publicly traded securities
- $836,273,192
- Gross receipts
- $611,296,506
- Employees
- 165
- Volunteers
- 0
- Year formed
- 1965
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL MULGREW | TRUSTEE Trustee or director | 2 | $0 | $347,082 | $84,574 |
| GEORGE REIS | FUND COMPTROLLER Key employee | 35 | $228,518 | $0 | $100,935 |
| WILLIAM BARRETT | CHIEF TECHNOLOGY OFFICER Highest-paid employee | 35 | $225,254 | $0 | $100,119 |
| GEOFREY SORKIN | EXECUTIVE DIRECTOR Officer | 35 | $247,988 | $0 | $72,891 |
| MEI QING CHEN | ASSOCIATE COMPTROLLER Highest-paid employee | 35 | $203,439 | $0 | $94,665 |
| MARK PEARSON | DIRECTOR OF INFORMATION SY Highest-paid employee | 35 | $179,624 | $0 | $88,711 |
| KAREN ALFORD | TRUSTEE Trustee or director | 1 | $0 | $213,357 | $52,691 |
| JOSEPH USATCH | ASSISTANT DIRECTOR Highest-paid employee | 33 | $202,973 | $0 | $58,277 |
| MARY VACCARO | TRUSTEE Trustee or director | 1 | $0 | $207,594 | $51,251 |
| ANESA SOLEYN | ASSISTANT DIRECTOR Highest-paid employee | 35 | $181,676 | $0 | $59,954 |
| LEO GORDON | TRUSTEE Trustee or director | 1 | $0 | $82,668 | $20,667 |
| RICHARD MANTELL | TRUSTEE Trustee or director | 1 | $0 | $76,814 | $19,204 |
990 for the year ended September 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL MULGREW | TRUSTEE Trustee or director | 2 | $0 | $342,999 | $71,721 |
| GEORGE REIS | FUND COMPTROLLER Key employee | 35 | $219,050 | $0 | $93,303 |
| GEOFREY SORKIN | EXECUTIVE DIRECTOR Officer | 35 | $233,521 | $0 | $59,506 |
| MEI QING CHEN | ASSOCIATE COMPTROLLER Highest-paid employee | 35 | $203,413 | $0 | $87,028 |
| WILLIAM BARRETT | CHIEF TECHNOLOGY OFFICER Highest-paid employee | 35 | $200,419 | $0 | $88,645 |
| MARK PEARSON | DIRECTOR OF INFORMATION SY Highest-paid employee | 35 | $185,908 | $0 | $82,840 |
| KAREN ALFORD | TRUSTEE Trustee or director | 1 | $0 | $211,876 | $48,348 |
| ANESA SOLEYN | ASSISTANT DIRECTOR Highest-paid employee | 35 | $183,205 | $0 | $56,085 |
| JOSEPH USATCH | ASSISTANT DIRECTOR Highest-paid employee | 33 | $189,512 | $0 | $48,605 |
| LEO GORDON | TRUSTEE Trustee or director | 1 | $0 | $81,069 | $20,267 |
| RICHARD MANTELL | TRUSTEE Trustee or director | 1 | $0 | $75,568 | $18,892 |
| THOMAS MURPHY | TRUSTEE Trustee or director | 1 | $0 | $75,221 | $0 |
990 for the year ended September 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL MULGREW | TRUSTEE Trustee or director | 2 | $0 | $327,735 | $60,405 |
| GEORGE REIS | FUND COMPTROLLER Key employee | 35 | $207,894 | $0 | $88,793 |
| FANI DEBNATH | NETWORK MANAGER Highest-paid employee | 35 | $179,123 | $0 | $84,532 |
| MEI QING CHEN | ASSOCIATE COMPTROLLER Highest-paid employee | 35 | $179,588 | $0 | $81,717 |
| GEOFREY SORKIN | EXECUTIVE DIRECTOR Officer | 35 | $220,961 | $0 | $39,095 |
| MARK PEARSON | DIRECTOR OF INFORMATION SYSTEMS Highest-paid employee | 35 | $174,199 | $0 | $80,370 |
| KAREN ALFORD | TRUSTEE Trustee or director | 1 | $0 | $201,006 | $47,214 |
| JOE USATCH | ASSISTANT DIRECTOR Highest-paid employee | 33 | $178,785 | $0 | $35,068 |
| WILLIAM BARRETT | CHIEF TECHNOLOGY OFFICER Highest-paid employee | 35 | $181,923 | $0 | $0 |
| RICHARD MANTELL | TRUSTEE Trustee or director | 1 | $0 | $72,485 | $18,121 |
| LEO GORDON | TRUSTEE Trustee or director | 1 | $0 | $78,008 | $0 |
| THOMAS MURPHY | TRUSTEE Trustee or director | 1 | $0 | $70,000 | $0 |
Address and contacts
- Address (IRS master file)
- 52 BROADWAY 7TH FLOOR, NEW YORK, NY 10004-1624
- Principal officer (990 for 2024)
- GEOFREY SORKIN, 52 BROADWAY, NEW YORK, NY 10004
- Signed the 990
- GEOFREY SORKIN, EXECUTIVE DIRECTOR
- Phone
- (212) 539-0500
- Website
- WWW.UFTWF.ORG
- Return prepared by
- WEAVER AND TIDWELL LLP
Mission
THE FUND'S PRIMARY MISSION IS TO PROVIDE SUPPLEMENTARY WELFARE BENEFITS TO ELIGIBLE EMPLOYEES AND RETIREES AND FOR THE ADDITIONAL PURPOSE OF MAKING AVAILABLE COLLEGE SCHOLARSHIPS FOR CHILDREN FROM LOW INCOME FAMILIES WHO HAVE GRADUATED FROM THE CITY'S PUBLIC SCHOOLS.
Program accomplishments
- PROVIDE SUPPLEMENTARY WELFARE BENEFITS TO ELIGIBLE EMPLOYEES AND RETIREES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 13-2547675
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1966
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,118,013,425
- Income (IRS master file)
- $611,296,506
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $453,527,688 | $412,844,750 | $1,118,013,425 | XML |
| 990 | September 2024 | $435,815,096 | $403,652,612 | $1,059,582,682 | XML |
| 990 | September 2023 | $411,902,353 | $352,933,277 | $988,654,030 | XML |
| 990 | September 2022 | $439,631,499 | $349,896,380 | $842,387,577 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-2547675).
Questions about UNITED FEDERATION OF TEACHERS WELFARE FUND
- What is the EIN of UNITED FEDERATION OF TEACHERS WELFARE FUND?
- The employer identification number (EIN) of UNITED FEDERATION OF TEACHERS WELFARE FUND is 13-2547675.
- Is UNITED FEDERATION OF TEACHERS WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1966.
- Are donations to UNITED FEDERATION OF TEACHERS WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does UNITED FEDERATION OF TEACHERS WELFARE FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNITED FEDERATION OF TEACHERS WELFARE FUND due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNITED FEDERATION OF TEACHERS WELFARE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of UNITED FEDERATION OF TEACHERS WELFARE FUND?
- The 990 for the year ended September 30, 2025 names GEOFREY SORKIN.
- Who are the officers and directors of UNITED FEDERATION OF TEACHERS WELFARE FUND?
- The 990 for the year ended September 30, 2025 lists 12 people; 7 received compensation from the organization.
- How much revenue does UNITED FEDERATION OF TEACHERS WELFARE FUND have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $453,527,688, expenses of $412,844,750 and total assets of $1,118,013,425 at year end.
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