Civic Intelligence

Long Island Teachers Benevolent Fund

990 • Fiscal year 2016 • EIN 11-2572385

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 13, 2017

Organization ProfileN/A
100 South Main StreetSayville, NY 11782

(631) 567-5728

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.00x

Higher debt load relative to assets than 43% of similar nonprofits.

2016 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

53rd percentile

0.02x

Higher debt load relative to revenue than 53% of similar nonprofits.

2016 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2016

Net Margin

95th percentile

78%

Higher net margin than 95% of similar nonprofits.

2016 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2016

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

2016 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

96th percentile

113%

Faster revenue growth than 96% of similar nonprofits.

2016 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$2,442,711

Up $257,010 (+12%) from 2015

Net Assets

Up

$2,435,577

Up $268,555 (+12%) from 2015

Liabilities

Down

$7,134

Down $11,545 (-62%) from 2015

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin95th percentile

Revenue

Up

$304,744

Up $161,423 (+113%) from 2015

Expenses

Down

$68,141

Down $41,247 (-38%) from 2015

Net Income

Up

$236,603

Up $202,670 (+597%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,156,006Liabilities 2010: $0Net Assets 2010: $1,156,0062010Assets 2011: $1,140,799Liabilities 2011: $0Net Assets 2011: $1,140,7992011Assets 2012: $1,170,955Liabilities 2012: $0Net Assets 2012: $1,170,9552012Assets 2013: $1,855,167Liabilities 2013: $0Net Assets 2013: $1,855,1672013Assets 2014: $2,124,824Liabilities 2014: $0Net Assets 2014: $2,124,8242014Assets 2015: $2,185,701Liabilities 2015: $18,679Net Assets 2015: $2,167,0222015Assets 2016: $2,442,711Liabilities 2016: $7,134Net Assets 2016: $2,435,5772016Assets 2017: $2,934,121Liabilities 2017: $0Net Assets 2017: $2,934,1212017Assets 2018: $3,116,143Liabilities 2018: $0Net Assets 2018: $3,116,1432018Assets 2019: $3,639,126Liabilities 2019: $0Net Assets 2019: $3,639,1262019Assets 2020: $3,645,465Liabilities 2020: $0Net Assets 2020: $3,645,4652020Assets 2021: $3,602,144Liabilities 2021: $0Net Assets 2021: $3,602,1442021Assets 2022: $3,361,194Liabilities 2022: $0Net Assets 2022: $3,361,1942022Assets 2023: $3,282,825Liabilities 2023: $0Net Assets 2023: $3,282,8252023Assets 2024: $3,285,728Liabilities 2024: $0Net Assets 2024: $3,285,7282024

Highlighted filing

2016

Assets$2,442,711
Liabilities$7,134
Net Assets$2,435,577
Open 2016 Filing

Operations Trend

Revenue Growth96th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $95,905Expenses 2010: $93,191Net Income 2010: $2,7142010Revenue 2011: $89,175Expenses 2011: $84,770Net Income 2011: $4,4052011Expenses 2012: $77,4802012Revenue 2013: $1,119,634Expenses 2013: $401,142Net Income 2013: $718,4922013Revenue 2014: $359,879Expenses 2014: $70,540Net Income 2014: $289,3392014Revenue 2015: $143,321Expenses 2015: $109,388Net Income 2015: $33,9332015Revenue 2016: $304,744Expenses 2016: $68,141Net Income 2016: $236,6032016Revenue 2017: $629,514Expenses 2017: $70,996Net Income 2017: $558,5182017Revenue 2018: $303,313Expenses 2018: $88,397Net Income 2018: $214,9162018Revenue 2019: $518,490Expenses 2019: $105,564Net Income 2019: $412,9262019Revenue 2020: $82,106Expenses 2020: $96,450Net Income 2020: -$14,3442020Revenue 2021: $63,134Expenses 2021: $126,295Net Income 2021: -$63,1612021Revenue 2022: $64,839Expenses 2022: $96,947Net Income 2022: -$32,1082022Revenue 2023: $69,429Expenses 2023: $95,454Net Income 2023: -$26,0252023Revenue 2024: $85,860Expenses 2024: $103,312Net Income 2024: -$17,4522024

Highlighted filing

2016

Revenue$304,744
Expenses$68,141
Net Income$236,603
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 13, 2017
Return Version
2015v3.0
Gross Receipts
$304,744
Mission and Program Overview

Mission

To provide grants and scholarships to members

To provide financial assistance to members of participating long island locals

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,167,022$2,435,577▲ $268,555
Investments Other Securities$1,227,507$1,522,555▲ $295,048
Savings and Temporary Cash Investments$953,668$915,309▼ $38,359
Land, Buildings, and Equipment, Net$489$358▼ $131
Total Assets$2,185,701$2,442,711▲ $257,010
Other Assets Total$4,037$4,489▲ $452
Liabilities
Other Liabilities$18,679$7,134▼ $11,545
Total Liabilities$18,679$7,134▼ $11,545
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,167,022$2,435,577▲ $268,555
Total Liabilities and Net Assets / Fund Balance$2,185,701$2,442,711▲ $257,010

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$358$294$652
Other Securities$1,522,555--
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Bruce SanderTrustee
Eleanor RussellTrustee
Eric IbergerTrustee
James GraberTrustee
Lisa GouldingTrustee
Randee ColterTrustee
Stuart NapearTrustee
Tim SouthertonFund Coordin
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$255,649
Investment Income
$49,095
Other Revenue
$0
Change in Net Assets
$236,603

Audited Revenue Reconciliation

Revenue per Audited Statements
$304,744
Revenue Not Reported on Form 990
$31,952
Total Revenue per Audited Statements
$336,696
Total Revenue per Form 990
$304,744
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$46,000
Other Expenses$22,141
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals---$46,000
Fees for Services Accounting---$6,375
All Other Expenses---$916
Other Expenses---$651
Depreciation Depletion---$131
Total Functional Expenses$0$0$0$68,141

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$68,141
Total Expenses per Audited Statements$68,141
Total Expenses per Form 990$68,141
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
Cash Overdraft$7,134
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organizations members consists of the long island locals of the new york state united teachers”

Form 990, Page 6, Part VI, Line 7A

“The fund council (which consists of the presidents of all of the participating locals and the long island nysut directors) elect a coordinator and seven (7) members to serve on the board of trustees.”

Form 990, Page 6, Part VI, Line 7B

“The decisions of the governing board are subject to approval by the fund council.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is provided to the coordinator and trustees of the governing body to review prior to filing”

Form 990, Page 6, Part VI, Line 19

“The organizations governing documents and financial statements are available to its member organizations. Form 990 is available for download at www.guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Long Island Teachers Benevolent
EIN
11-2572385
Phone
6315675728
Address
100 SOUTH MAIN STREET, SAYVILLE, NY 11782

Signing Officer

Name
Tim Southerton
Title
Fund Coordinator
Phone
6315675728
Signed
2017-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Southerton
Formed
1980
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
GIBISER & GIBISER CPA'S PC
Address
4155 VETERANS MEMORIAL HWY STE 14, RONKONKOMA, NY 11779-6063
Preparer
Steven Gibiser CPA
Phone
6312856290
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

“The organization did not change its oversight process during the tax year of its financial statements nor did they change the selection process of an independent accountant.”

Raw XML Appendix310 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATIONS MEMBERS CONSISTS OF THE LONG ISLAND LOCALS OF THE NEW YORK STATE UNITED TEACHERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND COUNCIL (WHICH CONSISTS OF THE PRESIDENTS OF ALL OF THE PARTICIPATING LOCALS AND THE LONG ISLAND NYSUT DIRECTORS) ELECT A COORDINATOR AND SEVEN (7) MEMBERS TO SERVE ON THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DECISIONS OF THE GOVERNING BOARD ARE SUBJECT TO APPROVAL BY THE FUND COUNCIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS PROVIDED TO THE COORDINATOR AND TRUSTEES OF THE GOVERNING BODY TO REVIEW PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATIONS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO ITS MEMBER ORGANIZATIONS. FORM 990 IS AVAILABLE FOR DOWNLOAD AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS DURING THE TAX YEAR OF ITS FINANCIAL STATEMENTS NOR DID THEY CHANGE THE SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 12, PART XII, LINE 2C
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IRS990/TotalAssetsGrp/BOYAmt02185701
IRS990/TotalAssetsGrp/EOYAmt02442711
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt068141
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018679
IRS990/TotalLiabilitiesEOYAmt07134
IRS990/TotalLiabilitiesGrp/BOYAmt018679
IRS990/TotalLiabilitiesGrp/EOYAmt07134
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02167022
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02435577
IRS990/TotalProgramServiceRevenueAmt0255649
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0304744
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0304744
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02185701
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02442711
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM SOUTHERTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FUND COORDINATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06315675728
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LONG ISLAND TEACHERS BENEVOLENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND
ReturnHeader/Filer/BusinessNameControlTxt0LONG
ReturnHeader/Filer/EIN0112572385
ReturnHeader/Filer/PhoneNum06315675728
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 SOUTH MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0SAYVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011782
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0112637625
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GIBISER & GIBISER CPA'S PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04155 VETERANS MEMORIAL HWY STE 14
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RONKONKOMA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0117796063
ReturnHeader/PreparerPersonGrp/PhoneNum06312856290
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN GIBISER CPA
ReturnHeader/ReturnTs02017-01-13T16:40:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,442,711
Liabilities
$7,134
Net assets
$2,435,577
Revenue
$304,744
Expenses
$68,141
Net income
$236,603
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.29$0.00$3.29$0.09$0.10$0.02
2023Detailed filing. Detailed filing data is available for this year.$3.28$0.00$3.28$0.07$0.10$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.36$0.00$3.36$0.06$0.10$0.03
2021Detailed filing. Detailed filing data is available for this year.$3.60$0.00$3.60$0.06$0.13$0.06
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.65$0.00$3.65$0.08$0.10$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.64$0.00$3.64$0.52$0.11$0.41
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$0.00$3.12$0.30$0.09$0.21
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$0.00$2.93$0.63$0.07$0.56
2016Detailed filing. Detailed filing data is available for this year.$2.44$0.01$2.44$0.30$0.07$0.24
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$0.02$2.17$0.14$0.11$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.12$0.00$2.12$0.36$0.07$0.29
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.86$0.00$1.86$1.12$0.40$0.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.00$1.17$0.08
2011Summary only. Only limited summary data is available for this year.$1.14$0.00$1.14$0.09$0.08$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.00$1.16$0.10$0.09$0.00