Group Insurance Fund-381
501(c)(9)
Only null% goes to programs Strong reserves Declining revenue
Group Insurance Fund-381 is a 501(c)(9) organization based in Mineola, New York, registered in 1956, with $1,164,118 in FY2023 revenue. CharityIndex grades it D.
160 Mineola Blvd, Mineola, NY, 11501 EIN 13-6119572 Since 1956
Revenue (FY2023)
$1.2M
▼ 18.1% vs prior year
Expenses (FY2023)
$1.7M
Net assets
$8.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Group Insurance Fund-381— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating62 mo reserves · -47% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Group Insurance Fund-381: 62 mo reserves · -47% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Group Insurance Fund-381— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Group Insurance Fund-381: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $4.5M (FY2013) to $1.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $261KNet assets $8.9M
Operating margin
-46.6%
Spent more than it raised in the latest fiscal year.
Total assets
$9.1M
Total liabilities
$261K
Net assets
$8.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,164,118▼18.1% | $1,706,517▼44.6% | $8,886,221▼1.5% | $9,146,994▼2.5% | 990 |
| 2022 | $1,422,185▼49.7% | $3,079,931▼9.9% | $9,022,341▼19.4% | $9,382,327▼19.9% | 990 |
| 2021 | $2,824,759▼14.5% | $3,419,294▼13.3% | $11,199,418▼7.5% | $11,719,912▼5.2% | 990 |
| 2020 | $3,303,375▼20.9% | $3,944,170▼9.0% | $12,108,714▼3.6% | $12,359,705▼5.3% | 990 |
| 2019 | $4,174,914▼10.8% | $4,335,900▲7.5% | $12,566,698▲0.1% | $13,046,930▲0.2% | 990 |
| 2018 | $4,681,345▼22.7% | $4,032,042▼31.1% | $12,556,934▲3.9% | $13,015,329▲2.8% | 990 |
| 2017 | $6,058,956▲4.8% | $5,853,572▲0.1% | $12,089,262▲1.5% | $12,658,061▼0.2% | 990 |
| 2016 | $5,783,137▲14.8% | $5,848,860▲15.0% | $11,906,258▼1.2% | $12,684,933▲0.1% | 990 |
| 2015 | $5,038,840▲13.6% | $5,087,481▼17.8% | $12,055,400▲2.0% | $12,674,740▲1.8% | 990 |
| 2014 | $4,434,181▼0.5% | $6,186,054▼0.5% | $11,822,370▼11.1% | $12,452,875▼8.4% | 990 |
| 2013 | $4,456,338 | $6,218,856▼7.9% | $13,297,265▼17.3% | $13,596,181▼18.3% | 990 |
| 2012 | — | $6,755,722▲1.7% | $16,077,220▼11.4% | $16,635,294▼13.0% | 990 |
| 2011 | — | $6,640,315▲15.8% | $18,155,982▼12.8% | $19,131,562▼9.9% | 990 |
| 2010 | — | $5,735,149 | $20,821,012 | $21,237,259 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Group Insurance Fund-381 a legitimate nonprofit?
- Yes. Group Insurance Fund-381 is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 13-6119572, based in Mineola, New York.
- What is Group Insurance Fund-381's EIN?
- Group Insurance Fund-381's Employer Identification Number (EIN) is 13-6119572.
- How much revenue does Group Insurance Fund-381 report?
- Group Insurance Fund-381 reported $1,164,118 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Group Insurance Fund-381 have?
- CharityIndex grades Group Insurance Fund-381 D, based on financial health (reserves and operating margin).
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Explore more
Data for Group Insurance Fund-381 (EIN 13-6119572) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.