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Filing year 2023

UNITED FEDERATION OF TEACHERS WELFARE FUND

New York, New York·EIN 13-2547675·9
Total revenue
$435.8M
Total assets
$1.1B
Total expenses
$403.7M
Reported officers
12
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.

Executive compensation, broken down

Form 990 · Schedule J · 11 reported individuals · Filing year 2023

Fund Comptroller
key employee
$312k
$351k
Base
$219k
Bonus
Other
Benefits
$39k
Executive Director
$293k
$329k
Base
$234k
Bonus
Other
Benefits
Associate Comptroller
highest compensated employee
$290k
$326k
Base
$194k
Bonus
Other
$9k
Benefits
$39k
Chief Technology Officer
highest compensated employee
$289k
$324k
Base
$200k
Bonus
Other
Benefits
$39k
Director of Information Sy
highest compensated employee
$269k
$302k
Base
$179k
Bonus
Other
$7k
Benefits
$39k
Assistant Director
highest compensated employee
$239k
$269k
Base
$183k
Bonus
Other
Benefits
$13k
Assistant Director
highest compensated employee
$238k
$267k
Base
$190k
Bonus
Other
Benefits
Trustee
board member
$72k
$80k
Trustee
board member
$48k
$54k
Trustee
board member
$20k
$23k
Trustee
board member
$19k
$21k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Up 5%
from 2022

From $297k in 2022 to $312k in 2023.

$297k
2022
$312k
2023
In today's dollarsEst.
Up 1% in real terms$346k to $351k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

UNITED FEDERATION OF TEACHERS WELFARE FUND reported revenue and expenses across 2 filing years.

RevenueExpenses
$411.9M
$352.9M
2022
$435.8M
$403.7M
2023
Total revenue and total expenses from IRS Form 990 filings.
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