Civic Intelligence

Benevolent Telephone Death Benefit Fund Inc

990 • Fiscal year 2018 • EIN 04-2480299

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 07, 2019

38 Essex StreetAndover, MA 01810

(978) 475-6570

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Net Margin

3rd percentile

-96%

Higher net margin than 3% of similar nonprofits.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Asset Growth

12th percentile

-17%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-45%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$5,314,584

Down $1,064,049 (-17%) from 2017

Net Assets

Down

$5,314,584

Down $1,064,049 (-17%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$300,426

Down $250,299 (-45%) from 2017

Expenses

Down

$590,135

Down $10,759 (-1.8%) from 2017

Net Income

Down

-$289,709

Down $239,540 (-477%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $5,690,604Liabilities 2010: $31,830Net Assets 2010: $5,658,7742010Assets 2011: $5,413,382Liabilities 2011: $28,953Net Assets 2011: $5,384,4292011Assets 2012: $5,354,698Liabilities 2012: $38,188Net Assets 2012: $5,316,5102012Assets 2013: $6,336,034Liabilities 2013: $26,426Net Assets 2013: $6,309,6082013Assets 2014: $6,443,989Liabilities 2014: $32,132Net Assets 2014: $6,411,8572014Assets 2015: $5,342,433Liabilities 2015: $135Net Assets 2015: $5,342,2982015Assets 2016: $5,843,059Liabilities 2016: $18Net Assets 2016: $5,843,0412016Assets 2017: $6,378,633Liabilities 2017: $0Net Assets 2017: $6,378,6332017Assets 2018: $5,314,584Liabilities 2018: $0Net Assets 2018: $5,314,5842018Assets 2019: $5,859,376Liabilities 2019: $0Net Assets 2019: $5,859,3762019Assets 2020: $5,730,854Liabilities 2020: $0Net Assets 2020: $5,730,8542020Assets 2021: $6,644,325Liabilities 2021: $1,700Net Assets 2021: $6,642,6252021Assets 2022: $5,858,035Liabilities 2022: $1,700Net Assets 2022: $5,856,3352022Assets 2023: $5,855,228Liabilities 2023: $0Net Assets 2023: $5,855,2282023Assets 2024: $5,716,235Liabilities 2024: $1,300Net Assets 2024: $5,714,9352024

Highlighted filing

2018

Assets$5,314,584
Liabilities$0
Net Assets$5,314,584

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $541,5042010Revenue 2011: $284,382Expenses 2011: $558,008Net Income 2011: -$273,6262011Revenue 2012: $444,005Expenses 2012: $511,924Net Income 2012: -$67,9192012Revenue 2013: $1,509,411Expenses 2013: $516,313Net Income 2013: $993,0982013Revenue 2014: $648,109Expenses 2014: $545,860Net Income 2014: $102,2492014Revenue 2015: $472,501Expenses 2015: $504,859Net Income 2015: -$32,3582015Revenue 2016: $354,115Expenses 2016: $532,821Net Income 2016: -$178,7062016Revenue 2017: $550,725Expenses 2017: $600,894Net Income 2017: -$50,1692017Revenue 2018: $300,426Expenses 2018: $590,135Net Income 2018: -$289,7092018Revenue 2019: $555,847Expenses 2019: $575,100Net Income 2019: -$19,2532019Revenue 2020: $216,219Expenses 2020: $546,529Net Income 2020: -$330,3102020Revenue 2021: $535,255Expenses 2021: $646,200Net Income 2021: -$110,9452021Revenue 2022: $490,193Expenses 2022: $654,139Net Income 2022: -$163,9462022Revenue 2023: $250,088Expenses 2023: $664,450Net Income 2023: -$414,3622023Revenue 2024: $512,523Expenses 2024: $724,790Net Income 2024: -$212,2672024

Highlighted filing

2018

Revenue$300,426
Expenses$590,135
Net Income-$289,709
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 7, 2019
Return Version
2018v3.1
Gross Receipts
$388,933
Mission and Program Overview

Mission

Life insurance for members of international brotherhood of telephone workers in good standing when the union closed.

A massachusetts corporation that engages in the payment of death benefits to the remaining members of the now decertified international brotherhood of telephone workers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$6,378,633$5,314,584▼ $1,064,049
Investments in Publicly Traded Securities$5,884,866$5,022,019▼ $862,847
Savings and Temporary Cash Investments$368,649$248,925▼ $119,724
Cash and Non-Interest-Bearing Accounts$92,118$39,580▼ $52,538
Prepaid Expenses and Deferred Charges$33,000$3,000▼ $30,000
Accounts Receivable-$1,060-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$6,378,633$5,314,584▼ $1,064,049
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,378,633$5,314,584▼ $1,064,049
Total Liabilities and Net Assets / Fund Balance$6,378,633$5,314,584▼ $1,064,049
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edward ThomasPresident
David DriscollTrustee
Ernest SuleTrustee
Louis LarochelleTrustee
Michael SullivanTrustee
Paul ChrzanTrustee
Richard SavilleTrustee
Fred SimmsSec/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Andover Administrative Services INCAdministrator38 ESSEX STREET, Andover, MA 01810$120,000
Ubs Financial ServicesInvestment Advisory38 ESSEX STREET, Andover, MA 01810$117,597
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$300,426
Other Revenue
$0
Change in Net Assets
$-289,709

Audited Revenue Reconciliation

Revenue per Audited Statements
$300,426
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-774,340
Total Revenue per Audited Statements
$-473,914
Total Revenue per Form 990
$300,426
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$267,650
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$322,485
Fees for Services Management---$120,000
Fees for Service Investment Mgmnt Fees---$117,597
Fees for Services Legal---$24,000
Fees for Services Other---$6,053
Total Functional Expenses$0$0$0$590,135

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$590,135
Total Expenses per Audited Statements$590,135
Total Expenses per Form 990$590,135
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
No
Audit committee
Yes
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 7A

The individual members of the board of directors of the fund have the power to elect or to appoint one or more members of the governing body.

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

Form 990, part vi, section b,line 11 and line 18: a copy of the form 990 is available for review at the general office of the fund. Copies of the return, governing documents and financial statements are also available to the public at the main office.

Form 990, Part VI, Section C, Line 19

Form 990, part vi, section b,line 11(b) and line 19: a copy of the form 990 is available for review at the general office of the fund. Copies of the return, governing documents and financial statements are also available to the public at the main office.

Filing and Contact Details

Filer

Filer Name
Benevolent Telephone Death Benefit
EIN
04-2480299
Phone
9784756570
Address
38 ESSEX STREET, ANDOVER, MA 01810

Signing Officer

Name
Fred Simms
Title
Treasurer
Phone
9784756570
Signed
2019-03-07

Organization Details

Principal Officer
Edward J Thomas
Formed
1970
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Anstiss & Co Pc
Address
1115 WESTFORD STREET, LOWELL, MA 01851
Preparer
Richard B Dionne
Phone
9784522500
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

There has been no change in the process since the prior year.

Financial Statement Notes

PART X, LINE 2:

U.s gaap requires plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examination for years prior to 2016.

Raw XML Appendix329 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/ActivityOrMissionDesc0A MASSACHUSETTS CORPORATION THAT ENGAGES IN THE PAYMENT OF DEATH BENEFITS TO THE REMAINING MEMBERS OF THE NOW DECERTIFIED INTERNATIONAL BROTHERHOOD OF TELEPHONE WORKERS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0U.S GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR YEARS PRIOR TO 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE INDIVIDUAL MEMBERS OF THE BOARD OF DIRECTORS OF THE FUND HAVE THE POWER TO ELECT OR TO APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, SECTION B,LINE 11 AND LINE 18: A COPY OF THE FORM 990 IS AVAILABLE FOR REVIEW AT THE GENERAL OFFICE OF THE FUND. COPIES OF THE RETURN, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE TO THE PUBLIC AT THE MAIN OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART VI, SECTION B,LINE 11(B) AND LINE 19: A COPY OF THE FORM 990 IS AVAILABLE FOR REVIEW AT THE GENERAL OFFICE OF THE FUND. COPIES OF THE RETURN, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE TO THE PUBLIC AT THE MAIN OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE HAS BEEN NO CHANGE IN THE PROCESS SINCE THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06378633
IRS990/TotalAssetsEOYAmt05314584
IRS990/TotalAssetsGrp/BOYAmt06378633
IRS990/TotalAssetsGrp/EOYAmt05314584
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0590135
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06378633
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05314584
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0300426
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0300426
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06378633
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05314584
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0152B STONE DAM ROAD
IRS990/USAddress/CityNm0NORTH SCITUATE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002066
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0FRED SIMMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09784756570
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BENEVOLENT TELEPHONE DEATH BENEFIT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0BENE
ReturnHeader/Filer/EIN0042480299
ReturnHeader/Filer/PhoneNum09784756570
ReturnHeader/Filer/USAddress/AddressLine1Txt038 ESSEX STREET
ReturnHeader/Filer/USAddress/CityNm0ANDOVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001810
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A02A3C55EBE5C70B52BF44683B6C14CFA33D4B63
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08F3B30BE9761B114002602587B92CC6BF03AFA98
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.198.108.100
ReturnHeader/FilingSecurityInformation/IPDt02019-03-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm014:48:56
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042917204
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANSTISS & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01115 WESTFORD STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOWELL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001851
ReturnHeader/PreparerPersonGrp/PhoneNum09784522500
ReturnHeader/PreparerPersonGrp/PreparationDt02019-03-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD B DIONNE
ReturnHeader/ReturnTs02019-03-07T13:51:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.72$0.00$5.71$0.51$0.72$0.21
2023Detailed filing. Detailed filing data is available for this year.$5.86$0.00$5.86$0.25$0.66$0.41
2022Detailed filing. Detailed filing data is available for this year.$5.86$0.00$5.86$0.49$0.65$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.64$0.00$6.64$0.54$0.65$0.11
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.73$0.00$5.73$0.22$0.55$0.33
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.86$0.00$5.86$0.56$0.58$0.02
2018Detailed filing. Detailed filing data is available for this year.$5.31$0.00$5.31$0.30$0.59$0.29
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.38$0.00$6.38$0.55$0.60$0.05
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.84$0.00$5.84$0.35$0.53$0.18
2015Detailed filing. Detailed filing data is available for this year.$5.34$0.00$5.34$0.47$0.50$0.03
2014Detailed filing. Detailed filing data is available for this year.$6.44$0.03$6.41$0.65$0.55$0.10
2013Summary only. Only limited summary data is available for this year.$6.34$0.03$6.31$1.51$0.52$0.99
2012Summary only. Only limited summary data is available for this year.$5.35$0.04$5.32$0.44$0.51$0.07
2011Summary only. Only limited summary data is available for this year.$5.41$0.03$5.38$0.28$0.56$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.69$0.03$5.66$0.54