Civic Intelligence

Valley Stream Teachers Association Welfare Fund

990 • Fiscal year 2017 • EIN 11-2440426

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 02, 2017

738 Franklin AveFranklin Square, NY 11010

(516) 766-8366

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.11x

Higher debt load relative to assets than 72% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.07x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Net Margin

23rd percentile

-7.0%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

67th percentile

$12,750

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Asset Growth

38th percentile

0.1%

Faster asset growth than 38% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

57th percentile

6.3%

Faster revenue growth than 57% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$736,364

Up $510 (+0.1%) from 2016

Net Assets

Down

$653,557

Down $82,297 (-11%) from 2016

Liabilities

Up

$82,807

Up $82,807 from 2016

Revenue

Up

$1,174,767

Up $69,797 (+6.3%) from 2016

Expenses

Up

$1,257,064

Up $50,489 (+4.2%) from 2016

Net Income

Up

-$82,297

Up $19,308 (+19%) from 2016

Historical Trend

Balance Sheet Trend

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

$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

2017

Assets$736,364
Liabilities$82,807
Net Assets$653,557

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$1,174,767
Expenses$1,257,064
Net Income-$82,297
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 2, 2017
Return Version
2016v3.0
Gross Receipts
$1,174,767
Mission and Program Overview

Mission

WELFARE FUND

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$734,493$736,364▲ $1,871
Accounts Receivable$1,361--
Total Assets$735,854$736,364▲ $510
Liabilities
Other Liabilities-$82,807-
Total Liabilities$0$82,807▲ $82,807
Net Assets / Fund Balance
Unrestricted Net Assets$735,854$653,557▼ $82,297
Total Net Assets Fund Balance$735,854$653,557▼ $82,297
Total Liabilities and Net Assets / Fund Balance$735,854$736,364▲ $510
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Harold MillerNon Voting DirectorPT$12,750$12,750

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,162,124
Investment Income
$4,487
Other Revenue
$8,156
Change in Net Assets
$-82,297
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$83,202
Salaries, Compensation, and Employee Benefits$12,750
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$1,161,112--$1,161,112
Fees for Services Other-$49,427-$49,427
Occupancy-$17,700-$17,700
Other Expenses-$13,925-$13,925
Current Officers, Directors, Trustees, and Key Employees-$12,750-$12,750
Fees for Services Accounting-$2,150-$2,150
Total Functional Expenses$1,161,112$95,952$0$1,257,064
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$82,807
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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 the process of creating a 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
Noele Villa
Title
Chairperson
Phone
5167668366
Signed
2017-11-02
Discuss with paid preparer
Yes

Organization Details

Formed
1976
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Skinnon and Faber Cpas Pc
Address
3690 EXPRESSWAY DRIVE SOUTH, Islandia, NY 11749
Preparer
Frank J Faber CPA
Phone
6318511201
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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/ExplanationTxt1NONE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY WILL REVIEW THE FORM 990 AT THE BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE WELFARE FUND IS IN THE PROCESS OF CREATING A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ONE NON VOTING DIRECTOR RECEIVES COMPENSATION
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ReturnHeader/Filer/USAddress/ZIPCd011010
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId049B37F0D30EDA195D6550104D6B6322210233FBE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId049B37F0D30EDA195D6550104D6B6322210233FBE
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId011953020180313kcweiy
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-01-31
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.118.176.59
ReturnHeader/FilingSecurityInformation/IPDt02018-01-31
ReturnHeader/FilingSecurityInformation/IPTm010:43:08
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113196893
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKINNON AND FABER CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03690 EXPRESSWAY DRIVE SOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Islandia
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011749
ReturnHeader/PreparerPersonGrp/PhoneNum06318511201
ReturnHeader/PreparerPersonGrp/PreparationDt02018-01-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Frank J Faber CPA
ReturnHeader/ReturnTs02018-01-31T10:34:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2017Detailed filing. Detailed filing data is available for this year.$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