Civic Intelligence

Valley Stream Teachers Association Welfare Fund

EIN 11-2440426 • 501(c)9 • Franklin Square, NY

Profile

WELFARE FUND

738 Franklin AveFranklin Square, NY 11010
Siviq Scores

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

Liabilities / Assets

84th percentile

0.30x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

73rd percentile

0.08x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2025

Net Margin

25th percentile

-6.1%

Higher net margin than 25% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

23rd percentile

-18%

Faster asset growth than 23% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

49th percentile

3.4%

Faster revenue growth than 49% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$330,893

Down $73,665 (-18%) from 2024

Liabilities

Up

$97,963

Up $6,331 (+6.9%) from 2024

Net Assets

Down

$232,930

Down $79,996 (-26%) from 2024

Revenue

Up

$1,306,011

Up $42,397 (+3.4%) from 2024

Expenses

Up

$1,386,007

Up $92,857 (+7.2%) from 2024

Net Income

Down

-$79,996

Down $50,460 (-171%) from 2024

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $639,021Liabilities 2011: $0Net Assets 2011: $639,0212011Assets 2012: $710,252Liabilities 2012: $0Net Assets 2012: $710,2522012Assets 2013: $730,283Liabilities 2013: $0Net Assets 2013: $730,2832013Assets 2014: $707,665Liabilities 2014: $0Net Assets 2014: $707,6652014Assets 2015: $837,459Liabilities 2015: $0Net Assets 2015: $837,4592015Assets 2016: $735,854Liabilities 2016: $0Net Assets 2016: $735,8542016Assets 2017: $736,364Liabilities 2017: $82,807Net Assets 2017: $653,5572017Assets 2018: $731,076Liabilities 2018: $96,152Net Assets 2018: $634,9242018Assets 2019: $771,085Liabilities 2019: $77,997Net Assets 2019: $693,0882019Assets 2020: $1,140,238Liabilities 2020: $77,997Net Assets 2020: $1,062,2412020Assets 2021: $710,946Liabilities 2021: $89,313Net Assets 2021: $621,6332021Assets 2022: $605,472Liabilities 2022: $90,052Net Assets 2022: $515,4202022Assets 2023: $438,339Liabilities 2023: $95,877Net Assets 2023: $342,4622023Assets 2024: $404,558Liabilities 2024: $91,632Net Assets 2024: $312,9262024Assets 2025: $330,893Liabilities 2025: $97,963Net Assets 2025: $232,9302025

Highlighted filing

2025

Assets$330,893
Liabilities$97,963
Net Assets$232,930

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,185,290Expenses 2011: $1,074,172Net Income 2011: $111,1182011Revenue 2012: $1,179,973Expenses 2012: $1,108,742Net Income 2012: $71,2312012Revenue 2013: $1,153,834Expenses 2013: $1,133,803Net Income 2013: $20,0312013Revenue 2014: $1,142,679Expenses 2014: $1,165,297Net Income 2014: -$22,6182014Revenue 2015: $1,242,980Expenses 2015: $1,113,186Net Income 2015: $129,7942015Revenue 2016: $1,104,970Expenses 2016: $1,206,575Net Income 2016: -$101,6052016Revenue 2017: $1,174,767Expenses 2017: $1,257,064Net Income 2017: -$82,2972017Revenue 2018: $1,167,914Expenses 2018: $1,186,547Net Income 2018: -$18,6332018Revenue 2019: $1,268,767Expenses 2019: $1,210,603Net Income 2019: $58,1642019Revenue 2020: $372,628Expenses 2020: $3,475Net Income 2020: $369,1532020Revenue 2021: $1,156,751Expenses 2021: $1,283,716Net Income 2021: -$126,9652021Revenue 2022: $1,159,323Expenses 2022: $1,265,536Net Income 2022: -$106,2132022Revenue 2023: $1,186,922Expenses 2023: $1,359,880Net Income 2023: -$172,9582023Revenue 2024: $1,263,614Expenses 2024: $1,293,150Net Income 2024: -$29,5362024Revenue 2025: $1,306,011Expenses 2025: $1,386,007Net Income 2025: -$79,9962025

Highlighted filing

2025

Revenue$1,306,011
Expenses$1,386,007
Net Income-$79,996

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.10$0.23$1.31$1.39$0.08
2024Detailed filing. Detailed filing data is available for this year.$0.40$0.09$0.31$1.26$1.29$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.44$0.10$0.34$1.19$1.36$0.17
2022Detailed filing. Detailed filing data is available for this year.$0.61$0.09$0.52$1.16$1.27$0.11
2021Summary only. Only limited summary data is available for this year.$0.71$0.09$0.62$1.16$1.28$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.08$1.06$0.37$0.00$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.08$0.69$1.27$1.21$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.73$0.10$0.63$1.17$1.19$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.08$0.65$1.17$1.26$0.08
2016Summary only. Only limited summary data is available for this year.$0.74$0.00$0.74$1.10$1.21$0.10
2015Summary only. Only limited summary data is available for this year.$0.84$0.00$0.84$1.24$1.11$0.13
2014Summary only. Only limited summary data is available for this year.$0.71$0.00$0.71$1.14$1.17$0.02
2013Summary only. Only limited summary data is available for this year.$0.73$0.00$0.73$1.15$1.13$0.02
2012Summary only. Only limited summary data is available for this year.$0.71$0.00$0.71$1.18$1.11$0.07
2011Summary only. Only limited summary data is available for this year.$0.64$0.00$0.64$1.19$1.07$0.11
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2024 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 1, 2024
Return Version
2023v5.1
Gross Receipts
$1,263,614
Mission and Program Overview

Mission

WELFARE FUND

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$274,474$284,427▲ $9,953
Cash and Non-Interest-Bearing Accounts$163,865$120,131▼ $43,734
Total Assets$438,339$404,558▼ $33,781
Liabilities
Other Liabilities$95,877$91,632▼ $4,245
Total Liabilities$95,877$91,632▼ $4,245
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$342,462$312,926▼ $29,536
Total Net Assets Fund Balance$342,462$312,926▼ $29,536
Total Liabilities and Net Assets / Fund Balance$438,339$404,558▼ $33,781
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,253,662
Investment Income
$9,952
Other Revenue
$0
Change in Net Assets
$-29,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$197,544
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$1,095,606--$1,095,606
Fees for Services Management-$153,697-$153,697
Occupancy-$18,200-$18,200
Fees for Services Other-$12,912-$12,912
Fees for Services Accounting-$6,090-$6,090
Insurance-$5,679-$5,679
Office Expenses-$776-$776
Other Expenses-$190-$190
Total Functional Expenses$1,095,606$197,544$0$1,293,150
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Benefit Obligations$91,632
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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

Governing body meeting documentation Part VI line 8A

NONE.

Committee meeting documentation Part VI line 8B

NONE.

Form 990 governing body review Part VI line 11

The governing body will review the form 990 at the board meeting.

Conflict of interest policy compliance Part VI line 12C

The welfare fund is in compliance with the conflict of interest policy

Other officer or key employee compensation Part VI line 15B

One non voting director receives compensation

Governing documents etc available to public Part VI line 19

The welfare fund makes its governing documents, conflict of interest policy and financial statements available to individuals who have a valid reason to review these documents. These items, where appropriate, are supplied in a paper format.

Filing and Contact Details

Filer

Filer Name
Valley Stream Teachers Association Welfare Fund
EIN
11-2440426
Address
738 FRANKLIN AVE, FRANKLIN SQUARE, NY 11010

Signing Officer

Name
Brian Case
Title
Director
Phone
5167668366
Signed
2024-11-01
Discuss with paid preparer
Yes

Organization Details

Formed
1976
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Skinnon and Faber CPAs PC
Address
700 Veterans Mem Hwy Ste 210, HAUPPAUGE, NY 11788
Preparer
Michele Adamczyk CPA
Phone
6318511201
Supplemental Narrative

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

The welfare fund is exempt from income taxes under 501(c)(5) of the internal revenue code and as such, has made no provision for income taxes in the accompanying financial statements. The welfare fund has evaluated its activities for uncertain tax positions and has determined that there were no uncertain tax positions for the year ended june 30, 2024.

Raw XML Appendix307 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.

Path#Value
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IRS990/BooksInCareOfDetail/PersonNm0BRIAN CASE
IRS990/BooksInCareOfDetail/PhoneNum05167668366
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0738 FRANKLIN AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0FRANKLIN SQUARE
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IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYRevenuesLessExpensesAmt0-29536
IRS990/CYSalariesCompEmpBnftPaidAmt00
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IRS990/DAFExcessBusinessHoldingsInd0false
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IRS990/Desc0EXCESS MEDICAL COST INSURANCEAVERAGE MEMBERS COVERED 615
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IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0153697
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IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt012912
IRS990/FeesForServicesOtherGrp/TotalAmt012912
IRS990/ForeignActivitiesInd0false
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0STEVEN PARRINELLO
IRS990/Form990PartVIISectionAGrp/PersonNm1DREW JAKUBOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL OBRIAN
IRS990/Form990PartVIISectionAGrp/PersonNm3DANIELLE DODGE
IRS990/Form990PartVIISectionAGrp/PersonNm4SUSAN GALGANO
IRS990/Form990PartVIISectionAGrp/PersonNm5BRIAN CASE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01263614
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05679
IRS990/InsuranceGrp/TotalAmt05679
IRS990/InvestmentIncomeGrp/ExclusionAmt09952
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0WELFARE FUND
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0342462
IRS990/NetAssetsOrFundBalancesEOYAmt0312926
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt018200
IRS990/OccupancyGrp/TotalAmt018200
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0776
IRS990/OfficeExpensesGrp/TotalAmt0776
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK FEES
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IRS990/PoliticalCampaignActyInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL DISTRICTS
IRS990/ProgramServiceRevenueGrp/Desc1COBRA
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IRS990/ProgSrvcAccomActy2Grp/Desc0DENTAL REIMBUSEMENT BENEFITAVERAGE MEMBERS COVERED 992
IRS990/ProgSrvcAccomActy3Grp/Desc0VISION COVERAGEAVERAGE MEMBERS COVERED 376
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt091632
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BENEFIT OBLIGATIONS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE WELFARE FUND IS EXEMPT FROM INCOME TAXES UNDER 501(C)(5) OF THE INTERNAL REVENUE CODE AND AS SUCH, HAS MADE NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE WELFARE FUND HAS EVALUATED ITS ACTIVITIES FOR UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Footnote for uncertain tax position under FIN 48 (Part X)
IRS990ScheduleD/TotalLiabilityAmt091632
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NONE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NONE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY WILL REVIEW THE FORM 990 AT THE BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE WELFARE FUND IS IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ONE NON VOTING DIRECTOR RECEIVES COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE WELFARE FUND MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO INDIVIDUALS WHO HAVE A VALID REASON TO REVIEW THESE DOCUMENTS. THESE ITEMS, WHERE APPROPRIATE, ARE SUPPLIED IN A PAPER FORMAT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
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ReturnHeader/ReturnTs02024-11-11T14:57:46-05:00
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ReturnHeader/TaxYr02023

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