Civic Intelligence

Edco Collaborative Welfare Benefit Trust

990 • Fiscal year 2022 • EIN 04-6865190

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 03, 2022

c/o Carlisle Public Schools 83 SchoCarlisle, MA 01741

(339) 222-5601

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.00x

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

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

43rd percentile

0.00x

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

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Net Margin

97th percentile

90%

Higher net margin than 97% of similar nonprofits.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Asset Growth

48th percentile

-4.8%

Faster asset growth than 48% of similar nonprofits.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

18th percentile

-26%

Faster revenue growth than 18% of similar nonprofits.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,281,962

Down $114,143 (-4.8%) from 2021

Net Assets

Down

$2,281,962

Down $114,143 (-4.8%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$236,902

Down $83,225 (-26%) from 2021

Expenses

Down

$23,693

Down $358,136 (-94%) from 2021

Net Income

Up

$213,209

Up $274,911 (+446%) from 2021

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

2022

Assets$2,281,962
Liabilities$0
Net Assets$2,281,962

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

2022

Revenue$236,902
Expenses$23,693
Net Income$213,209
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 3, 2022
Return Version
2021v4.1
Gross Receipts
$387,519
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,258,776$2,192,451▼ $66,325
Savings and Temporary Cash Investments$137,329$89,511▼ $47,818
Total Assets$2,396,105$2,281,962▼ $114,143
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,396,105$2,281,962▼ $114,143
Total Net Assets Fund Balance$2,396,105$2,281,962▼ $114,143
Total Liabilities and Net Assets / Fund Balance$2,396,105$2,281,962▼ $114,143
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$165,466
Investment Income
$71,436
Other Revenue
$0
Change in Net Assets
$213,209
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,693
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
Fees for Service Investment Mgmnt Fees$0$23,693$0$23,693
Total Functional Expenses$0$23,693$0$23,693
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 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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 9

Boston Private Bank & Trust Company 10 Post Office Square Boston MA 02109

Filing and Contact Details

Filer

Filer Name
EDCO Collaborative Welfare Benefit Trust
EIN
04-6865190
Phone
3392225601
Address
c/o Carlisle Public Schools 83 Scho, Carlisle, MA 01741

Signing Officer

Name
Cyndy Taymore
Title
Director
Phone
3392225601
Signed
2022-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cyndy Taymore
Formed
1997
Legal Domicile
Ma
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Fritz Deguglielmo LLC
Address
8 ESSEX STREET, NEWBURYPORT, MA 01950
Preparer
Daniel E Schaffner CPA
Phone
9784622161
Supplemental Narrative

Additional Explanations

Pt VI, Line 8A

We are a voluntary beneficiary association - 501(c)(9): The purpose of which is to provide health, dental, and other welfare benefits for those employees of EDCO Collaboratibe 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 adminstrator shall acknowledge receipt thereof in writing and advise the trustee of his approval or disapproval thereof. Failure by the plan adminstrator to disapprove any such statement of account within 90 days after its receipt thereof shall be deemed approval thereof.

Pt VI, Line 8B

We are a voluntary 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 adminstrator 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.

Pt VI, Line 11B

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 provide the final approval to file form 990.

Pt VI, Line 19

We are a voluntary employee beneficiary association - 501(c)(9): Membership of a section 501(c)(9) organization consist of individuals who are employees who have an employment-related common bond. This common bond may be a common employer (or affiliatd employers), coverage under one of 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 www.guidestar.org.

Pt III, Line 3

The Organization for which the trust was established ceased operations and the trust is transferring the trust assets to another qualified plan to continue administering benefits.

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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 beneficiary association - 501(c)(9): The purpose of which is to provide health, dental, and other welfare benefits for those employees of EDCO Collaboratibe 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 adminstrator shall acknowledge receipt thereof in writing and advise the trustee of his approval or disapproval thereof. Failure by the plan adminstrator 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 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 adminstrator 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 provide 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 consist of individuals who are employees who have an employment-related common bond. This common bond may be a common employer (or affiliatd employers), coverage under one of 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 www.guidestar.org.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization for which the trust was established ceased operations and the trust is transferring the trust assets to another qualified plan to continue administering benefits.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Boston Private Bank & Trust Company 10 Post Office Square Boston MA 02109
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ReturnHeader/ReturnTs02023-02-09T08:24:55-08:00
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ReturnHeader/TaxYr02021

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$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
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$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