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Nonprofit · EIN 51-0237976

RETIREE HEALTH AND WELFARE FUND OF THE POLICE BENEVOLENT ASSOCIATION

Tax-exempt · NEW YORK, NY 10004

Financials

$85M$46.8M2022$65.9M$43.8M2023$72.3M$48.2M2024
Revenue Expenses · by fiscal year end
Financials of RETIREE HEALTH AND WELFARE FUND OF THE POLICE BENEVOLENT ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$72,320,539$48,163,312$24,157,227$269,687,749$2,746,014$266,941,735
June 30, 2024990$65,940,220$43,816,722$22,123,498$242,237,760$2,767,007$239,470,753
June 30, 2023990$84,973,812$46,849,183$38,124,629$216,613,731$2,131,536$214,482,195
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$63,002,150
Investment income
$9,318,389
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$44,490,754
Compensation of officers, directors and key employees
$154,765
Other salaries and wages
$1,147,206
Salaries, compensation and benefits (total)
$2,099,644
Professional fundraising fees
$0
Accounting fees
$63,557
Occupancy
$349,997

Balance sheet and other

Total assets, start of year
$242,237,760
Total assets, end of year
$269,687,749
Total liabilities, end of year
$2,746,014
Net assets, end of year
$266,941,735
Publicly traded securities
$209,511,889
Gross receipts
$72,320,539
Employees
0
Volunteers
0
Year formed
1977
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
DAVID NICHOLSONFUNDS ADMINISTRATOR
Officer
13.5$125,527$303,147$70,892
KEITH OWENASST. FUNDS ADMIN.
Highest-paid employee
22$88,445$92,056$74,235
MONITA WONGCONTROLLER
Highest-paid employee
12.1$44,008$118,984$72,569
GREGORY ARISTILDEIT DIRECTOR
Highest-paid employee
13$41,679$118,875$37,230
VICKI TRICKETTSQL DBA & DEVELOPER
Highest-paid employee
13$40,471$115,427$36,710
NIVEEN MANSOURSENIOR ACCOUNTANT
Highest-paid employee
8.8$31,923$113,183$35,487
PATRICK G HENDRYTRUSTEE
Trustee or director
7$0$136,017$0
DANIEL J TIRELLITRUSTEE
Trustee or director
5.5$0$117,757$0
ALBERT ACIERNOTRUSTEE
Trustee or director
5.5$0$105,584$0
ARTHUR EGNERTRUSTEE
Trustee or director
5.5$0$105,584$0
BETTY CARRADERO TORRESTRUSTEE
Trustee or director
5.5$0$105,584$0
990 for the year ended June 30, 2024: 14 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DAVID NICHOLSONFUNDS ADMINISTRATOR
Officer
13.5$120,709$291,906$74,620
KEITH OWENASST. FUNDS ADMIN.
Highest-paid employee
22$84,628$88,083$67,026
MONITA WONGCONTROLLER
Highest-paid employee
12.1$42,020$113,609$65,512
GREGORY ARISTILDEIT DIRECTOR
Highest-paid employee
13.5$41,699$112,745$32,339
VICKI TRICKETTSQL DBA & DEVELOPER
Highest-paid employee
13.5$40,501$109,501$31,878
NIVEEN MANSOURSENIOR ACCOUNTANT
Highest-paid employee
8.6$30,031$109,518$30,818
PATRICK G HENDRYTRUSTEE
Trustee or director
7$0$151,729$0
DANIEL J TIRELLITRUSTEE
Trustee or director
5.5$0$143,832$0
ALBERT ACIERNOTRUSTEE FROM 7/1/23
Trustee or director
5.5$0$115,587$0
ARTHUR EGNERTRUSTEE FROM 7/1/23
Trustee or director
5.5$0$114,035$0
PATRICK J LYNCHTRUSTEE 1/1-6/30/23
Trustee or director
5$0$112,319$0
BETTY CARRADERO TORRESTRUSTEE FROM 7/1/23
Trustee or director
5.5$0$111,497$0
JOHN P PUGLISSITRUSTEE 1/1-6/30/23
Trustee or director
5$0$96,430$0
JOSEPH A ALEJANDROTRUSTEE 1/1-6/30/23
Trustee or director
5$0$85,840$0
990 for the year ended June 30, 2023: 11 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DAVID NICHOLSONFUNDS ADMINISTRATOR
Officer
13.5$116,814$282,814$71,713
KEITH OWENASST. FUNDS ADMIN.
Highest-paid employee
22$80,954$84,258$60,991
MONITA WONGCONTROLLER
Highest-paid employee
15$48,379$98,648$59,357
GREGORY ARISTILDEIT DIRECTOR
Highest-paid employee
11.2$41,262$106,357$29,566
VICKI TRICKETTSQL DBA & DEVELOPER
Highest-paid employee
14$40,382$104,048$29,287
NIVEEN MANSOURSENIOR ACCOUNTANT
Highest-paid employee
9.4$28,720$108,046$28,496
PATRICK J LYNCHTRUSTEE
Trustee or director
5$0$109,912$0
JOHN P PUGLISSITRUSTEE
Trustee or director
5$0$95,344$0
JOSEPH A ALEJANDROTRUSTEE
Trustee or director
5$0$85,631$0
PATRICK G HENDRYTRUSTEE
Trustee or director
5$0$85,631$0
DANIEL J TIRELLITRUSTEE
Trustee or director
5$0$85,631$0

Address and contacts

Address (IRS master file)
125 BROAD STREET 11TH FLOOR, NEW YORK, NY 10004-2755
In care of
% MONITA WONG
Principal officer (990 for 2024)
DAVID NICHOLSON, 125 BROAD ST 11TH FL, NEW YORK, NY 10004
Signed the 990
JOSEPH STRONG, TRUSTEE
Phone
(212) 349-7560
Return prepared by
EISNER ADVISORY GROUP LLC

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE HEALTH & WELFARE BENEFITS TO RETIRED POLICE OFFICERS, THEIR SPOUSES, AND ELIGIBLE DEPENDENTS.

990 for the year ended June 30, 2025

Program accomplishments

  • THE RETIREE HEALTH AND WELFARE FUND OF THE POLICE BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK IS A WELFARE BENEFIT PLAN COVERING AT JUNE 30, 2025, 25,975 RETIRED PARTICIPANTS (SEPARATED FROM SERVICE SUBSEQUENT TO JANUARY 1, 1971) AND THEIR ELIGIBLE DEPENDENTS. THE FUND PROVIDES PRESCRIPTION DRUGS, DENTAL, OPTICAL, AND OTHER SUPPLEMENTAL BENEFITS TO RETIRED POLICE OFFICERS AND THEIR ELIGIBLE DEPENDENTS.
  • N/A
  • N/A

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
51-0237976
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Exempt since
1972
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$269,687,749
Income (IRS master file)
$72,320,539

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$72,320,539$48,163,312$269,687,749IRS
990June 2024$65,940,220$43,816,722$242,237,760IRS
990June 2023$84,973,812$46,849,183$216,613,731XML
990June 2022$53,884,482$36,543,454$181,884,705IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 51-0237976).

Questions about RETIREE HEALTH AND WELFARE FUND OF THE POLICE BENEVOLENT ASSOCIATION

What is the EIN of RETIREE HEALTH AND WELFARE FUND OF THE POLICE BENEVOLENT ASSOCIATION?
The employer identification number (EIN) of RETIREE HEALTH AND WELFARE FUND OF THE POLICE BENEVOLENT ASSOCIATION is 51-0237976.
Is RETIREE HEALTH AND WELFARE FUND OF THE POLICE BENEVOLENT ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1972.
Which annual return does RETIREE HEALTH AND WELFARE FUND OF THE POLICE BENEVOLENT ASSOCIATION 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 RETIREE HEALTH AND WELFARE FUND OF THE POLICE BENEVOLENT ASSOCIATION 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 RETIREE HEALTH AND WELFARE FUND OF THE POLICE BENEVOLENT ASSOCIATION 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 RETIREE HEALTH AND WELFARE FUND OF THE POLICE BENEVOLENT ASSOCIATION?
The 990 for the year ended June 30, 2025 names DAVID NICHOLSON.
Who are the officers and directors of RETIREE HEALTH AND WELFARE FUND OF THE POLICE BENEVOLENT ASSOCIATION?
The 990 for the year ended June 30, 2025 lists 11 people; 6 received compensation from the organization, the highest $125,527 (DAVID NICHOLSON, FUNDS ADMINISTRATOR).
How much revenue does RETIREE HEALTH AND WELFARE FUND OF THE POLICE BENEVOLENT ASSOCIATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $72,320,539, expenses of $48,163,312 and total assets of $269,687,749 at year end.

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