Civic Intelligence

Edco Collaborative Welfare Benefit Trust

990 • Fiscal year 2014 • EIN 04-6865190

Jul 01, 2013 to Jun 30, 2014 • Filed on Mar 17, 2015

36 Middlesex TurnpikeCarlisle, MA 01730

(617) 738-5600

Siviq Scores

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

Liabilities / Assets

35th percentile

0.00x

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

2014 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

36th percentile

0.00x

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

2014 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2014

Net Margin

8th percentile

-52%

Higher net margin than 8% of similar nonprofits.

2014 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2014 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2014

Asset Growth

48th percentile

1.7%

Faster asset growth than 48% of similar nonprofits.

2014 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

25th percentile

-8.8%

Faster revenue growth than 25% of similar nonprofits.

2014 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$2,408,462

Up $39,536 (+1.7%) from 2013

Net Assets

Up

$2,408,462

Up $39,536 (+1.7%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$238,477

Down $22,944 (-8.8%) from 2013

Expenses

Up

$361,895

Up $174,413 (+93%) from 2013

Net Income

Down

-$123,418

Down $197,357 (-267%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,074,745Liabilities 2010: $0Net Assets 2010: $2,074,7452010Assets 2011: $2,288,317Liabilities 2011: $0Net Assets 2011: $2,288,3172011Assets 2012: $2,184,253Liabilities 2012: $0Net Assets 2012: $2,184,2532012Assets 2013: $2,368,926Liabilities 2013: $0Net Assets 2013: $2,368,9262013Assets 2014: $2,408,462Liabilities 2014: $0Net Assets 2014: $2,408,4622014Assets 2015: $2,340,344Liabilities 2015: $0Net Assets 2015: $2,340,3442015Assets 2016: $2,364,660Liabilities 2016: $0Net Assets 2016: $2,364,6602016Assets 2017: $2,480,853Liabilities 2017: $0Net Assets 2017: $2,480,8532017Assets 2018: $2,331,984Liabilities 2018: $0Net Assets 2018: $2,331,9842018Assets 2019: $2,447,450Liabilities 2019: $0Net Assets 2019: $2,447,4502019Assets 2020: $2,320,183Liabilities 2020: $0Net Assets 2020: $2,320,1832020Assets 2021: $2,396,105Liabilities 2021: $0Net Assets 2021: $2,396,1052021Assets 2022: $2,281,962Liabilities 2022: $0Net Assets 2022: $2,281,9622022

Highlighted filing

2014

Assets$2,408,462
Liabilities$0
Net Assets$2,408,462

Operations Trend

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

$600K$400K$200K$0-$200K-$400KExpenses 2010: $246,3842010Expenses 2011: $301,5092011Expenses 2012: $277,9752012Revenue 2013: $261,421Expenses 2013: $187,482Net Income 2013: $73,9392013Revenue 2014: $238,477Expenses 2014: $361,895Net Income 2014: -$123,4182014Revenue 2015: $208,809Expenses 2015: $214,141Net Income 2015: -$5,3322015Revenue 2016: $230,090Expenses 2016: $257,765Net Income 2016: -$27,6752016Revenue 2017: $213,552Expenses 2017: $180,820Net Income 2017: $32,7322017Revenue 2018: $184,808Expenses 2018: $424,146Net Income 2018: -$239,3382018Revenue 2019: $444,681Expenses 2019: $359,753Net Income 2019: $84,9282019Revenue 2020: $124,439Expenses 2020: $386,840Net Income 2020: -$262,4012020Revenue 2021: $320,127Expenses 2021: $381,829Net Income 2021: -$61,7022021Revenue 2022: $236,902Expenses 2022: $23,693Net Income 2022: $213,2092022

Highlighted filing

2014

Revenue$238,477
Expenses$361,895
Net Income-$123,418
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Mar 17, 2015
Return Version
2013v4.0
Gross Receipts
$696,702
Mission and Program Overview

Mission

To provide welfare benefits to employees of the corporation and their dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$958,340$2,375,348▲ $1,417,008
Cash and Non-Interest-Bearing Accounts$1,410,586$33,114▼ $1,377,472
Total Assets$2,368,926$2,408,462▲ $39,536
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,368,926$2,408,462▲ $39,536
Total Net Assets Fund Balance$2,368,926$2,408,462▲ $39,536
Total Liabilities and Net Assets / Fund Balance$2,368,926$2,408,462▲ $39,536

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$65,485--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$120,500
Investment Income
$117,977
Other Revenue
$0
Change in Net Assets
$-123,418
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$361,895
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
Other Expenses$337,356--$337,356
Fees for Service Investment Mgmnt Fees-$21,020-$21,020
Fees for Services Accounting-$3,519-$3,519
Total Functional Expenses$337,356$24,539$0$361,895
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
Annual disclosure for covered persons
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
Yes
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 8A

We are a voluntary employee beneficiary association - 501(c)(9): the purpose of which is to provide health, dental, and other welfare benefits for those employees of edco collaborative and their eligible dependents covered by edco collaborative welfare benefit trust plan. Pursuant to article 5.2 of the trust agreement: the trustee shall furnish to the plan administrator a written statement of account within 60 days after the end of the trust's year end setting forth all receipts and disbursements for the plan. The plan administrator shall acknowledge receipt thereof in writing and advise the trustee of his approval or disapproval thereof. Failure by the plan administrator to disapprove any such statement of account within 90 days after its receipt thereof shall be deemed approval thereof.

Form 990, Part VI, Section A, Line 8B

We are a voluntary employee beneficiary association - 501(c)(9): the purpose of which is to provide health, dental, and other welfare benefits for those employees of edco collaborative and their eligible dependents covered by edco collaborative welfare benefit trust plan. Pursuant to article 5.2 of the trust agreement: the trustee shall furnish to the plan administrator a written statement of account within 60 days after the end of the trust's year end setting forth all receipts and disbursements for the plan. The plan administrator shall acknowledge receipt thereof in writing and advise the trustee of his approval or disapproval thereof. Failure by the plan administrator to disapprove any such statement of account within 90 days after its receipt thereof shall be deemed approval thereof.

Form 990, Part VI, Section B, Line 11

The edco collaborative welfare benefit trust form 990 is prepared and reviewed by an independent accounting firm. The final copy of the 990 is to be provided to the trustee before it is filed. The trustee will review the form 990 in consultation with the plan administrator or anyone designated by the plan administrator and provides the final approval to file form 990.

Form 990, Part VI, Section C, Line 19

We are a voluntary employee beneficiary association - 501(c)(9): membership of a section 501(c)(9) organization must consist of individuals who are employees who have an employment-related common bond. This common bond may be a common employer (or affiliated employers), coverage under one or more collective bargaining agreements, membership in a labor union, or membership in one or more locals of a national or international labor union. As such, the government documents, conflicts of interest statement and financial statements are not available to the public. The form 990 (current and prior three years) is available on guidestar at www2.guidestar.org.

FORM 990, PART VI, SECTION A, LINE 9:

Boston private bank & trust company is the sole trustee of the edco welfare benefit trust. Contact information for bank of america is as follows: boston private bank & trust company 10 post office square boston, ma 02109 617-912-1900 form 990, part xi, line 5, changes in net assets: net unrealized losses on investmenst: 162,954

Filing and Contact Details

Filer

EIN
04-6865190
Phone
6177385600

Signing Officer

Name
Dean Poirier
Title
Treasurer
Phone
6177385600
Signed
2015-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dean Poirier
Formed
1997
Legal Domicile
Ma
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Preparer
Joseph M Giso
Phone
6177610600
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE ARE A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION - 501(C)(9): THE PURPOSE OF WHICH IS TO PROVIDE HEALTH, DENTAL, AND OTHER WELFARE BENEFITS FOR THOSE EMPLOYEES OF EDCO COLLABORATIVE AND THEIR ELIGIBLE DEPENDENTS COVERED BY EDCO COLLABORATIVE WELFARE BENEFIT TRUST PLAN. PURSUANT TO ARTICLE 5.2 OF THE TRUST AGREEMENT: THE TRUSTEE SHALL FURNISH TO THE PLAN ADMINISTRATOR A WRITTEN STATEMENT OF ACCOUNT WITHIN 60 DAYS AFTER THE END OF THE TRUST'S YEAR END SETTING FORTH ALL RECEIPTS AND DISBURSEMENTS FOR THE PLAN. THE PLAN ADMINISTRATOR SHALL ACKNOWLEDGE RECEIPT THEREOF IN WRITING AND ADVISE THE TRUSTEE OF HIS APPROVAL OR DISAPPROVAL THEREOF. FAILURE BY THE PLAN ADMINISTRATOR TO DISAPPROVE ANY SUCH STATEMENT OF ACCOUNT WITHIN 90 DAYS AFTER ITS RECEIPT THEREOF SHALL BE DEEMED APPROVAL THEREOF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE ARE A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION - 501(C)(9): THE PURPOSE OF WHICH IS TO PROVIDE HEALTH, DENTAL, AND OTHER WELFARE BENEFITS FOR THOSE EMPLOYEES OF EDCO COLLABORATIVE AND THEIR ELIGIBLE DEPENDENTS COVERED BY EDCO COLLABORATIVE WELFARE BENEFIT TRUST PLAN. PURSUANT TO ARTICLE 5.2 OF THE TRUST AGREEMENT: THE TRUSTEE SHALL FURNISH TO THE PLAN ADMINISTRATOR A WRITTEN STATEMENT OF ACCOUNT WITHIN 60 DAYS AFTER THE END OF THE TRUST'S YEAR END SETTING FORTH ALL RECEIPTS AND DISBURSEMENTS FOR THE PLAN. THE PLAN ADMINISTRATOR SHALL ACKNOWLEDGE RECEIPT THEREOF IN WRITING AND ADVISE THE TRUSTEE OF HIS APPROVAL OR DISAPPROVAL THEREOF. FAILURE BY THE PLAN ADMINISTRATOR TO DISAPPROVE ANY SUCH STATEMENT OF ACCOUNT WITHIN 90 DAYS AFTER ITS RECEIPT THEREOF SHALL BE DEEMED APPROVAL THEREOF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EDCO COLLABORATIVE WELFARE BENEFIT TRUST FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THE FINAL COPY OF THE 990 IS TO BE PROVIDED TO THE TRUSTEE BEFORE IT IS FILED. THE TRUSTEE WILL REVIEW THE FORM 990 IN CONSULTATION WITH THE PLAN ADMINISTRATOR OR ANYONE DESIGNATED BY THE PLAN ADMINISTRATOR AND PROVIDES THE FINAL APPROVAL TO FILE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WE ARE A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION - 501(C)(9): MEMBERSHIP OF A SECTION 501(C)(9) ORGANIZATION MUST CONSIST OF INDIVIDUALS WHO ARE EMPLOYEES WHO HAVE AN EMPLOYMENT-RELATED COMMON BOND. THIS COMMON BOND MAY BE A COMMON EMPLOYER (OR AFFILIATED EMPLOYERS), COVERAGE UNDER ONE OR MORE COLLECTIVE BARGAINING AGREEMENTS, MEMBERSHIP IN A LABOR UNION, OR MEMBERSHIP IN ONE OR MORE LOCALS OF A NATIONAL OR INTERNATIONAL LABOR UNION. AS SUCH, THE GOVERNMENT DOCUMENTS, CONFLICTS OF INTEREST STATEMENT AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. THE FORM 990 (CURRENT AND PRIOR THREE YEARS) IS AVAILABLE ON GUIDESTAR AT WWW2.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOSTON PRIVATE BANK & TRUST COMPANY IS THE SOLE TRUSTEE OF THE EDCO WELFARE BENEFIT TRUST. CONTACT INFORMATION FOR BANK OF AMERICA IS AS FOLLOWS: BOSTON PRIVATE BANK & TRUST COMPANY 10 POST OFFICE SQUARE BOSTON, MA 02109 617-912-1900 FORM 990, PART XI, LINE 5, CHANGES IN NET ASSETS: NET UNREALIZED LOSSES ON INVESTMENST: 162,954
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode002116
ReturnHeader/PreparerPersonGrp/PhoneNum06177610600
ReturnHeader/PreparerPersonGrp/PreparationDt02015-03-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH M GISO
ReturnHeader/ReturnTs02015-03-20T11:48:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.00$2.28$0.24$0.02$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$0.00$2.40$0.32$0.38$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$0.00$2.32$0.12$0.39$0.26
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.45$0.00$2.45$0.44$0.36$0.08
2018Summary only. Only limited summary data is available for this year.$2.33$0.00$2.33$0.18$0.42$0.24
2017Summary only. Only limited summary data is available for this year.$2.48$0.00$2.48$0.21$0.18$0.03
2016Summary only. Only limited summary data is available for this year.$2.36$0.00$2.36$0.23$0.26$0.03
2015Summary only. Only limited summary data is available for this year.$2.34$0.00$2.34$0.21$0.21$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.41$0.24$0.36$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$0.00$2.37$0.26$0.19$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$0.00$2.18$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.00$2.29$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.00$2.07$0.25