Nonprofit · EIN 13-6220695
PSC-CUNY WELFARE FUND
Tax-exempt · NEW YORK, NY 10004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $47,977,985 | $54,507,007 | -$6,529,022 | $102,987,201 | $3,957,571 | $99,029,630 |
| June 30, 2024 | 990 | $45,779,277 | $45,206,607 | $572,670 | $104,289,091 | $4,056,949 | $100,232,142 |
| June 30, 2023 | 990 | $43,793,554 | $46,896,065 | -$3,102,511 | $97,346,881 | $1,745,722 | $95,601,159 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $45,637,812
- Investment income
- $2,340,173
- Net gain from sales of assets
- -$139,693
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $50,888,768
- Compensation of officers, directors and key employees
- $310,635
- Other salaries and wages
- $1,223,862
- Salaries, compensation and benefits (total)
- $2,279,821
- Professional fundraising fees
- $0
- Legal fees
- $90,000
- Accounting fees
- $46,300
- Occupancy
- $276,159
- Depreciation
- $59,637
Balance sheet and other
- Total assets, start of year
- $104,289,091
- Total assets, end of year
- $102,987,201
- Total liabilities, end of year
- $3,957,571
- Net assets, end of year
- $99,029,630
- Land, buildings and equipment
- $381,013
- Publicly traded securities
- $79,647,892
- Gross receipts
- $50,938,126
- Employees
- 11
- Volunteers
- 0
- Year formed
- 1967
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DONNA COSTA | EXECUTIVE DIRECTOR Officer | 40 | $206,426 | $0 | $44,799 |
| MAITE PEREZ | PHARMACIST Highest-paid employee | 40 | $134,399 | $0 | $71,546 |
| JOSE QUIJIJE | DIRECTOR OF FINANCIAL SERV Highest-paid employee | 40 | $132,839 | $0 | $71,324 |
| SANDRA ZACONETA | EMPLOYEE Highest-paid employee | 40 | $129,018 | $0 | $70,780 |
| DAVID OCASIO | EMPLOYEE Highest-paid employee | 40 | $123,439 | $0 | $69,985 |
| GREG VAGELATOS | ASSOCIATE DIRECTOR Highest-paid employee | 40 | $159,752 | $0 | $22,765 |
| DANIEL PINELLO | SECRETARY Officer | 1 | $16,249 | $16,410 | $0 |
| ROBERT CERMELE | TREASURER Officer | 12 | $27,303 | $0 | $0 |
| STEVEN LONDON | EXECUTIVE OFFICER Trustee or director | 10 | $13,089 | $13,000 | $0 |
| ZEE DEMPSTER | TRUSTEE Trustee or director | 1 | $0 | $8,186 | $0 |
| BARBARA BOWEN | TRUSTEE EMERITUS Trustee or director | 1 | $0 | $3,306 | $0 |
| DORIANNE GLORIA | TRUSTEE (P) Trustee or director | 1 | $0 | $0 | $0 |
| PENELOPE LEWIS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MATTHEW MANFREDI | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| TERRENCE MARTELL | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHARON PERSINGER | TRUSTEE Trustee or director | 1 | $0 |
| FELICIA WHARTON | TRUSTEE Trustee or director | 1 | $0 |
| JAMES DAVIS | CHAIRPERSON Trustee or director | 2 | $0 |
| NIVEDITA MAJUMDAR | SECRETARY (PSC) Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DONNA COSTA | EXECUTIVE DIRECTOR Officer | 40 | $200,107 | $0 | $55,964 |
| MAITE PEREZ | PHARMACIST Highest-paid employee | 40 | $126,328 | $0 | $76,049 |
| JOSE QUIJIJE | DIRECTOR OF FINANCIAL SERVICES Highest-paid employee | 40 | $125,172 | $0 | $75,809 |
| SANDRA ZACONETA | EMPLOYEE Highest-paid employee | 40 | $122,073 | $0 | $75,165 |
| RAQUEL NIEVES | EMPLOYEE Highest-paid employee | 40 | $113,594 | $0 | $73,403 |
| GREG VAGELATOS | ASSOCIATE DIRECTOR Highest-paid employee | 40 | $152,139 | $0 | $31,611 |
| ROBERT CERMELE | TREASURER Officer | 12 | $27,303 | $0 | $0 |
| STEVEN LONDON | EXECUTIVE OFFICER Trustee or director | 10 | $13,089 | $13,000 | $0 |
| DANIEL PINELLO | SECRETARY Officer | 1 | $0 | $12,858 | $0 |
| JAMES DAVIS | CHAIRPERSON Trustee or director | 2 | $0 | $0 | $0 |
| MATTHEW MANFREDI | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NIVEDITA MAJUMDAR | SECRETARY (PSC) Trustee or director | 1 | $0 | $0 | $0 |
| SHARON PERSINGER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| TERRENCE MARTELL | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| ZEE DEMPSTER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DORIANNE GLORIA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| FELICIA WHARTON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PENELOPE LEWIS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BARBARA BOWEN | TRUSTEE EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DONNA COSTA | EXECUTIVE DIRECTOR Officer | 40 | $190,989 | $0 | $38,728 |
| MAITE PEREZ | PHARMACIST Highest-paid employee | 40 | $119,778 | $0 | $62,976 |
| JOSE QUIJIJE | EMPLOYEE Highest-paid employee | 40 | $118,153 | $0 | $62,764 |
| SANDRA ZACONETA | EMPLOYEE Highest-paid employee | 40 | $115,611 | $0 | $62,432 |
| GREG VAGELATOS | ASSOCIATE DIRECTOR Highest-paid employee | 40 | $145,060 | $0 | $18,940 |
| PATRICK SMITH | COMMUNICATIONS DIRECTOR Highest-paid employee | 40 | $112,297 | $0 | $39,469 |
| ROBERT CERMELE | TREASURER Officer | 12 | $26,907 | $0 | $0 |
| STEVEN LONDON | EXECUTIVE OFFICER Trustee or director | 10 | $12,833 | $13,000 | $0 |
| DANIEL PINELLO | SECRETARY Officer | 1 | $0 | $12,858 | $0 |
| JAMES DAVIS | CHAIRPERSON Trustee or director | 2 | $0 | $0 | $0 |
| MATTHEW MANFREDI | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NIVEDITA MAJUMDAR | SECRETARY (PSC) Trustee or director | 1 | $0 | $0 | $0 |
| SHARON PERSINGER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| TERRENCE MARTELL | TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| ZEE DEMPSTER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DORIANNE GLORIA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| FELICIA WHARTON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PENELOPE LEWIS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BARBARA BOWEN | TRUSTEE EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 25 BROADWAY 15TH FLOOR, NEW YORK, NY 10004-1089
- Principal officer (990 for 2024)
- DONNA COSTA, 25 BROADWAY 15TH FLOOR, NEW YORK, NY 10004
- Signed the 990
- DONNA COSTA, EXECUTIVE DIRECTOR
- Phone
- (212) 354-5230
- Return prepared by
- NOVAK FRANCELLA LLC
Mission
THROUGH COLLECTIVELY BARGAINED AGREEMENTS WITH THE CITY UNIVERSITY OF NEW YORK, THE FUND COLLECTS CONTRIBUTIONS AND PROVIDES HEALTH AND WELFARE BENEFITS FOR ALL QUALIFYING PLAN PARTICIPANTS.
Program accomplishments
- THROUGH COLLECTIVELY BARGAINED AGREEMENTS WITH THE CITY UNIVERSITY OF NEW YORK, THE FUND COLLECTS CONTRIBUTIONS AND PROVIDES HEALTH AND WELFARE BENEFITS FOR ALL QUALIFYING PLAN PARTICIPANTS.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-6220695
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1967
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $102,987,201
- Income (IRS master file)
- $50,938,126
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $47,977,985 | $54,507,007 | $102,987,201 | XML |
| 990 | June 2024 | $45,779,277 | $45,206,607 | $104,289,091 | XML |
| 990 | June 2023 | $43,793,554 | $46,896,065 | $97,346,881 | XML |
| 990 | June 2022 | $46,782,965 | $41,746,052 | $97,659,471 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 13-6220695).
Questions about PSC-CUNY WELFARE FUND
- What is the EIN of PSC-CUNY WELFARE FUND?
- The employer identification number (EIN) of PSC-CUNY WELFARE FUND is 13-6220695.
- Is PSC-CUNY WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1967.
- Are donations to PSC-CUNY WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PSC-CUNY 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 PSC-CUNY WELFARE FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PSC-CUNY WELFARE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PSC-CUNY WELFARE FUND?
- The 990 for the year ended June 30, 2025 names DONNA COSTA.
- Who are the officers and directors of PSC-CUNY WELFARE FUND?
- The 990 for the year ended June 30, 2025 lists 19 people; 9 received compensation from the organization, the highest $206,426 (DONNA COSTA, EXECUTIVE DIRECTOR).
- How much revenue does PSC-CUNY WELFARE FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $47,977,985, expenses of $54,507,007 and total assets of $102,987,201 at year end.
Other nonprofits in NEW YORK
- NEW YORK UNIVERSITY EIN 13-5562308 · last filed 990 for 2025
- HEALTHFIRST PHSP INC EIN 13-3783732 · last filed 990 for 2024
- THE NEW YORK AND PRESBYTERIAN HOSPITAL EIN 13-3957095 · last filed 990 for 2024
- NYU LANGONE HOSPITALS EIN 13-3971298 · last filed 990 for 2025
- MEMORIAL SLOAN-KETTERING CANCER CENTER EIN 91-2154267 · last filed 990 for 2024
- TRUSTEES OF COLUMBIA UNIVERSITY EIN 13-5598093 · last filed 990 for 2025
- HEALTHFIRST HEALTH PLAN INC EIN 11-3029569 · last filed 990 for 2024
- GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC EIN 31-1774905 · last filed 990 for 2024