Civic Intelligence

New York State Retirees Public Employees

EIN 22-2518068 • 501(c)5 • Latham, NY

Profile

The public employees federation retirees afl/cio exists to promote the welfare of its members by representing them with respect to all terms and conditions of retirement. The pef retirees shall support and defend all interest of state retirees, including but not limited to securing economic advantage, organizing and uniting in this organization all new york state retirees, cooperating with and assisting other labor organizations or groups whose objectives are consistent with those of the organization, promoting the aims and objectives of the public employees federation, strengthening and safeguarding this organization by every means so that it may carry out its purposes, objectives and obligations. Utilizing in every way the property and funds of this organization in order to achieve its purposes and objectives and perform it obligations, and for such other purposes directly or indirectly furthering the interests of this organization and its members.

1168-70 Troy- Schenectady RoadLatham, NY 12110

www.pef.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.01x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.03x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2024

Net Margin

95th percentile

48%

Higher net margin than 95% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)5 • $1M-$5M nonprofits • Source year 2024

Asset Growth

85th percentile

20%

Faster asset growth than 85% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

10.0%

Faster revenue growth than 63% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,011,352

Up $678,550 (+20%) from 2023

Liabilities

Down

$33,104

Down $18,599 (-36%) from 2023

Net Assets

Up

$3,978,248

Up $697,149 (+21%) from 2023

Revenue

Up

$1,134,020

Up $102,969 (+10.0%) from 2023

Expenses

Down

$585,439

Down $54,074 (-8.5%) from 2023

Net Income

Up

$548,581

Up $157,043 (+40%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $298,582Liabilities 2010: $15,161Net Assets 2010: $283,4212010Assets 2011: $322,200Liabilities 2011: $7,608Net Assets 2011: $314,5922011Assets 2012: $409,563Liabilities 2012: $11,740Net Assets 2012: $397,8232012Assets 2013: $711,840Liabilities 2013: $11,719Net Assets 2013: $700,1212013Assets 2014: $595,633Liabilities 2014: $11,719Net Assets 2014: $583,9142014Assets 2015: $902,045Liabilities 2015: $20,267Net Assets 2015: $881,7782015Assets 2016: $946,741Liabilities 2016: $20,267Net Assets 2016: $926,4742016Assets 2017: $1,086,020Liabilities 2017: $25,884Net Assets 2017: $1,060,1362017Assets 2018: $1,200,349Liabilities 2018: $120,797Net Assets 2018: $1,079,5522018Assets 2019: $1,340,718Liabilities 2019: $29,880Net Assets 2019: $1,310,8382019Assets 2020: $1,899,063Liabilities 2020: $9,125Net Assets 2020: $1,889,9382020Assets 2021: $2,674,308Liabilities 2021: $54,742Net Assets 2021: $2,619,5662021Assets 2022: $2,830,960Liabilities 2022: $64,581Net Assets 2022: $2,766,3792022Assets 2023: $3,332,802Liabilities 2023: $51,703Net Assets 2023: $3,281,0992023Assets 2024: $4,011,352Liabilities 2024: $33,104Net Assets 2024: $3,978,2482024

Highlighted filing

2024

Assets$4,011,352
Liabilities$33,104
Net Assets$3,978,248

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $256,4292010Expenses 2011: $283,4802011Expenses 2012: $235,7092012Revenue 2013: $488,081Expenses 2013: $197,295Net Income 2013: $290,7862013Revenue 2014: $359,450Expenses 2014: $490,281Net Income 2014: -$130,8312014Revenue 2015: $624,640Expenses 2015: $324,186Net Income 2015: $300,4542015Revenue 2016: $397,662Expenses 2016: $369,665Net Income 2016: $27,9972016Revenue 2017: $446,278Expenses 2017: $375,506Net Income 2017: $70,7722017Revenue 2018: $462,890Expenses 2018: $407,530Net Income 2018: $55,3602018Revenue 2019: $580,257Expenses 2019: $468,458Net Income 2019: $111,7992019Revenue 2020: $893,142Expenses 2020: $401,294Net Income 2020: $491,8482020Revenue 2021: $934,591Expenses 2021: $311,179Net Income 2021: $623,4122021Revenue 2022: $1,037,763Expenses 2022: $587,604Net Income 2022: $450,1592022Revenue 2023: $1,031,051Expenses 2023: $639,513Net Income 2023: $391,5382023Revenue 2024: $1,134,020Expenses 2024: $585,439Net Income 2024: $548,5812024

Highlighted filing

2024

Revenue$1,134,020
Expenses$585,439
Net Income$548,581

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.01$0.03$3.98$1.13$0.59$0.55
2023Detailed filing. Detailed filing data is available for this year.$3.33$0.05$3.28$1.03$0.64$0.39
2022Detailed filing. Detailed filing data is available for this year.$2.83$0.06$2.77$1.04$0.59$0.45
2021Detailed filing. Detailed filing data is available for this year.$2.67$0.05$2.62$0.93$0.31$0.62
2020Detailed filing. Detailed filing data is available for this year.$1.90$0.01$1.89$0.89$0.40$0.49
2019Detailed filing. Detailed filing data is available for this year.$1.34$0.03$1.31$0.58$0.47$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.20$0.12$1.08$0.46$0.41$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.09$0.03$1.06$0.45$0.38$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.02$0.93$0.40$0.37$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.90$0.02$0.88$0.62$0.32$0.30
2014Detailed filing. Detailed filing data is available for this year.$0.60$0.01$0.58$0.36$0.49$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.71$0.01$0.70$0.49$0.20$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.01$0.40$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.01$0.31$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.02$0.28$0.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$1,390,383
Mission and Program Overview

Mission

The public employees federation retirees afl/cio exists to promote the welfare of its members by representing them with respect to all terms and conditions of retirement. The pef retirees shall support and defend all interest of state retirees, including but not limited to securing economic advantage, organizing and uniting in this organization all new york state retirees, cooperating with and assisting other labor organizations or groups whose objectives are consistent with those of the organization, promoting the aims and objectives of the public employees federation, strengthening and safeguarding this organization by every means so that it may carry out its purposes, objectives and obligations. Utilizing in every way the property and funds of this organization in order to achieve its purposes and objectives and perform it obligations, and for such other purposes directly or indirectly furthering the interests of this organization and its members.

The public employees federation retirees afl/cio exists to promote the welfare of its members by representing them with respect to all terms and conditions of retirement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$3,281,099$3,978,248▲ $697,149
Savings and Temporary Cash Investments$1,753,088$2,296,437▲ $543,349
Investments in Publicly Traded Securities$1,502,457$1,648,899▲ $146,442
Cash and Non-Interest-Bearing Accounts$77,257$66,016▼ $11,241
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$3,332,802$4,011,352▲ $678,550
Liabilities
Accounts Payable and Accrued Expenses$51,703$33,104▼ $18,599
Total Liabilities$51,703$33,104▼ $18,599
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,281,099$3,978,248▲ $697,149
Total Liabilities and Net Assets / Fund Balance$3,332,802$4,011,352▲ $678,550
Compensation and Service Providers

Board Members and Trustees

NameTitle
James CarrPresident
Karen DanishVice President
Mark GrasmeyerVice President
David KrobeExecutive Board
Michael KopkinExecutive Board
Patricia BakerExecutive Board
Patrick MclaughlinExecutive Board
Robert VaranoExecutive Board
William CrottyExecutive Board
Robert HarmsRepresentative to Pef
Angel CookSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$945,132
Investment Income
$154,532
Other Revenue
$34,356
Change in Net Assets
$548,581

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,134,020
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$148,568
Total Revenue per Audited Statements
$1,282,588
Total Revenue per Form 990
$1,134,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$293,538
Salaries, Compensation, and Employee Benefits$291,901
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$186,267--$186,267
Office Expenses$54,431--$54,431
Other Employee Benefits$50,067--$50,067
Pension Plan Contributions$39,914--$39,914
Travel$21,219--$21,219
Payroll Taxes$15,653--$15,653
Fees for Services Accounting$14,387--$14,387
Insurance$9,047--$9,047
Advertising$6,546--$6,546
Other Expenses$5,327--$5,327
Total Functional Expenses$585,439$0$0$585,439

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$585,439
Total Expenses per Audited Statements$585,439
Total Expenses per Form 990$585,439
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Regular membership shall be open to all those retirees of public service in new york state and those retirees of non-new york state employers in units represented by pef. The spouse or domestic partner of a current or deceased retiree member is eligible for membership in the pef retirees (nysr). Return to work membership (rtw) shall be open to dues paying pef retirees who return to new york state employment or other bargaining unit represented by pef and are paying pef dues. Rtw members can have their retiree dues waived while paying pef dues and may attend retiree events at retiree rates. Rtw members cannot vote or hold office in any pef retiree chapter.

Form 990, Part VI, Section A, Line 7A

The association's executive board is composed of 11 chapter presidents, who are elected by the members of each repective chapter, and a representative to the pef executive board. The officers of the association are elected by the executive board.

Form 990, Part VI, Section B, Line 11B

NO REVIEW WAS CONDUCTED.

Form 990, Part VI, Section C, Line 19

Disclosures required by law are available to the public at the association's office, upon request.

Filing and Contact Details

Filer

Filer Name
New York State Retirees Public Employees
EIN
22-2518068
Phone
5187851900
Address
1168-70 TROY- SCHENECTADY ROAD, LATHAM, NY 12110

Signing Officer

Name
Karen Danish
Title
Vice President
Phone
5187851900
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Carr
Formed
1984
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Bonadio & Co Llp
Address
6 WEMBLEY CT, ALBANY, NY 12205
Preparer
Kaitlyn Worley
Phone
5184644080
Raw XML Appendix372 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/MissionDesc0THE PUBLIC EMPLOYEES FEDERATION RETIREES AFL/CIO EXISTS TO PROMOTE THE WELFARE OF ITS MEMBERS BY REPRESENTING THEM WITH RESPECT TO ALL TERMS AND CONDITIONS OF RETIREMENT. THE PEF RETIREES SHALL SUPPORT AND DEFEND ALL INTEREST OF STATE RETIREES, INCLUDING BUT NOT LIMITED TO SECURING ECONOMIC ADVANTAGE, ORGANIZING AND UNITING IN THIS ORGANIZATION ALL NEW YORK STATE RETIREES, COOPERATING WITH AND ASSISTING OTHER LABOR ORGANIZATIONS OR GROUPS WHOSE OBJECTIVES ARE CONSISTENT WITH THOSE OF THE ORGANIZATION, PROMOTING THE AIMS AND OBJECTIVES OF THE PUBLIC EMPLOYEES FEDERATION, STRENGTHENING AND SAFEGUARDING THIS ORGANIZATION BY EVERY MEANS SO THAT IT MAY CARRY OUT ITS PURPOSES, OBJECTIVES AND OBLIGATIONS. UTILIZING IN EVERY WAY THE PROPERTY AND FUNDS OF THIS ORGANIZATION IN ORDER TO ACHIEVE ITS PURPOSES AND OBJECTIVES AND PERFORM IT OBLIGATIONS, AND FOR SUCH OTHER PURPOSES DIRECTLY OR INDIRECTLY FURTHERING THE INTERESTS OF THIS ORGANIZATION AND ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt03978248
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt014090
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0148568
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt054431
IRS990/OfficeExpensesGrp/TotalAmt054431
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt050067
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IRS990/OtherExpensesGrp/Desc0CHAPTER PROGRAMS & FUNC
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0186267
IRS990/PartialLiquidationInd00
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt039914
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IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES CARR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1167333
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REGULAR MEMBERSHIP SHALL BE OPEN TO ALL THOSE RETIREES OF PUBLIC SERVICE IN NEW YORK STATE AND THOSE RETIREES OF NON-NEW YORK STATE EMPLOYERS IN UNITS REPRESENTED BY PEF. THE SPOUSE OR DOMESTIC PARTNER OF A CURRENT OR DECEASED RETIREE MEMBER IS ELIGIBLE FOR MEMBERSHIP IN THE PEF RETIREES (NYSR). RETURN TO WORK MEMBERSHIP (RTW) SHALL BE OPEN TO DUES PAYING PEF RETIREES WHO RETURN TO NEW YORK STATE EMPLOYMENT OR OTHER BARGAINING UNIT REPRESENTED BY PEF AND ARE PAYING PEF DUES. RTW MEMBERS CAN HAVE THEIR RETIREE DUES WAIVED WHILE PAYING PEF DUES AND MAY ATTEND RETIREE EVENTS AT RETIREE RATES. RTW MEMBERS CANNOT VOTE OR HOLD OFFICE IN ANY PEF RETIREE CHAPTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION'S EXECUTIVE BOARD IS COMPOSED OF 11 CHAPTER PRESIDENTS, WHO ARE ELECTED BY THE MEMBERS OF EACH REPECTIVE CHAPTER, AND A REPRESENTATIVE TO THE PEF EXECUTIVE BOARD. THE OFFICERS OF THE ASSOCIATION ARE ELECTED BY THE EXECUTIVE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DISCLOSURES REQUIRED BY LAW ARE AVAILABLE TO THE PUBLIC AT THE ASSOCIATION'S OFFICE, UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalProgramServiceRevenueAmt0945132
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01134020
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IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01168-70 TROY- SCHENECTADY ROAD
IRS990/USAddress/CityNm0LATHAM
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012110
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.PEF.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN DANISH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05187851900
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW YORK STATE RETIREES PUBLIC EMPLOYEES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FEDERATION AFL-CIO
ReturnHeader/Filer/BusinessNameControlTxt0NEWY
ReturnHeader/Filer/EIN0222518068
ReturnHeader/Filer/PhoneNum05187851900
ReturnHeader/Filer/USAddress/AddressLine1Txt01168-70 TROY- SCHENECTADY ROAD
ReturnHeader/Filer/USAddress/CityNm0LATHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012110
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161131146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BONADIO & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06 WEMBLEY CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012205
ReturnHeader/PreparerPersonGrp/PhoneNum05184644080
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAITLYN WORLEY
ReturnHeader/ReturnTs02025-11-10T11:52:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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