Civic Intelligence

S E I U Local 74 Training and Training and Scholarship Fund

990 • Fiscal year 2014 • EIN 11-2651721

Jul 01, 2013 to Jun 30, 2014 • Filed on May 06, 2015

36-36 33rd Street Suite 202Room/Suite 202Long Is City, NY 11106

(718) 729-7400

Siviq Scores

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

Liabilities / Assets

74th percentile

0.10x

Higher debt load relative to assets than 74% of similar nonprofits.

2014 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

92nd percentile

0.48x

Higher debt load relative to revenue than 92% of similar nonprofits.

2014 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2014

Net Margin

15th percentile

-27%

Higher net margin than 15% of similar nonprofits.

2014 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

95th percentile

$270,922

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 159.2% of source-year revenue.

2014 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2014

Asset Growth

22nd percentile

-8.9%

Faster asset growth than 22% of similar nonprofits.

2014 filings • 501(c)9 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

37th percentile

-3.9%

Faster revenue growth than 37% of similar nonprofits.

2014 filings • 501(c)9 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$783,558

Down $76,341 (-8.9%) from 2013

Net Assets

Down

$702,369

Down $45,467 (-6.1%) from 2013

Liabilities

Down

$81,189

Down $30,874 (-28%) from 2013

Revenue

Down

$170,132

Down $6,886 (-3.9%) from 2013

Expenses

Up

$215,599

Up $23,769 (+12%) from 2013

Net Income

Down

-$45,467

Down $30,655 (-207%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $840,228Liabilities 2010: $91,799Net Assets 2010: $748,4292010Assets 2011: $799,908Liabilities 2011: $55,826Net Assets 2011: $744,0822011Assets 2012: $845,310Liabilities 2012: $82,662Net Assets 2012: $762,6482012Assets 2013: $859,899Liabilities 2013: $112,063Net Assets 2013: $747,8362013Assets 2014: $783,558Liabilities 2014: $81,189Net Assets 2014: $702,3692014Assets 2015: $721,773Liabilities 2015: $68,446Net Assets 2015: $653,3272015Assets 2017: $746,738Liabilities 2017: $141,748Net Assets 2017: $604,9902017Assets 2018: $674,457Liabilities 2018: $90,559Net Assets 2018: $583,8982018Assets 2019: $646,730Liabilities 2019: $100,630Net Assets 2019: $546,1002019Assets 2020: $588,480Liabilities 2020: $81,166Net Assets 2020: $507,3142020Assets 2021: $543,293Liabilities 2021: $90,955Net Assets 2021: $452,3382021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2014

Assets$783,558
Liabilities$81,189
Net Assets$702,369

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $414,3002010Revenue 2011: $142,423Expenses 2011: $188,270Net Income 2011: -$45,8472011Expenses 2012: $163,2402012Revenue 2013: $177,018Expenses 2013: $191,830Net Income 2013: -$14,8122013Revenue 2014: $170,132Expenses 2014: $215,599Net Income 2014: -$45,4672014Revenue 2015: $154,715Expenses 2015: $209,757Net Income 2015: -$55,0422015Revenue 2017: $196,604Expenses 2017: $370,200Net Income 2017: -$173,5962017Revenue 2018: $221,107Expenses 2018: $329,902Net Income 2018: -$108,7952018Revenue 2019: $217,312Expenses 2019: $259,110Net Income 2019: -$41,7982019Revenue 2020: $164,240Expenses 2020: $203,026Net Income 2020: -$38,7862020Revenue 2021: $152,744Expenses 2021: $207,720Net Income 2021: -$54,9762021Revenue 2022: $133,467Expenses 2022: $155,453Net Income 2022: -$21,9862022

Highlighted filing

2014

Revenue$170,132
Expenses$215,599
Net Income-$45,467
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 6, 2015
Return Version
2013v4.0
Gross Receipts
$170,132
Mission and Program Overview

Mission

To provide training and scholarship benefits for members and eligible dependents. As well as to provide legal service benefits for members.

Training and scholarship benefits for members and eligible dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$763,697$739,977▼ $23,720
Rtn Earn Endowment Incm Other Fnds$747,836$702,369▼ $45,467
Cash and Non-Interest-Bearing Accounts$82,304$31,026▼ $51,278
Accounts Receivable$11,965$12,121▲ $156
Prepaid Expenses and Deferred Charges$1,933$434▼ $1,499
Total Assets$859,899$783,558▼ $76,341
Liabilities
Other Liabilities$105,027$72,460▼ $32,567
Accounts Payable and Accrued Expenses$7,036$8,729▲ $1,693
Total Liabilities$112,063$81,189▼ $30,874
Net Assets / Fund Balance
Total Net Assets Fund Balance$747,836$702,369▼ $45,467
Total Liabilities and Net Assets / Fund Balance$859,899$783,558▼ $76,341

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$149,405$149,405
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles PoekelFund AdminisPT$22,175$172,793$194,968
Sal AlladeenTrusteePT$22,175$5,081$27,256

Board Members and Trustees

NameTitle
Daniel AustinTrustee
Charles PoekelFund Administrator
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$167,580
Investment Income
$1,272
Other Revenue
$1,280
Change in Net Assets
$-45,467

Audited Revenue Reconciliation

Revenue per Audited Statements
$170,132
Total Revenue per Audited Statements
$170,132
Total Revenue per Form 990
$170,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$98,306
Other Expenses$86,635
Grants and Similar Amounts Paid$28,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions---$32,563
Other Salaries and Wages---$30,524
Fees for Services Other---$28,885
Grants to Domestic Individuals---$28,000
Current Officers, Directors, Trustees, and Key Employees---$22,175
Fees for Services Accounting---$21,630
Fees for Services Legal---$14,000
Occupancy---$9,081
Other Employee Benefits---$8,448
Office Expenses---$5,522
Payroll Taxes---$4,596
Insurance---$3,428
Benefits to Members---$2,658
Other Expenses---$1,656
Conferences and Meetings---$265
Total Functional Expenses$0$0$0$215,599

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$215,599
Total Expenses per Audited Statements$215,599
Total Expenses per Form 990$215,599
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$28,000
Due to Local 74 Welfare Fund$27,903
Due to Local 74 Pension Fund$14,583
Due to Joint Council$1,974
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

Daniel austin 67-29 metropolitan ave middle village, ny 11379

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

The organization's policy requires the signatory board member to review the irs form 990 that is prepared on the organization's behalf before it is filed with the irs. The means of delivery shall be hard copy.

Form 990, Page 6, Part VI, Line 19

If the governing documents of our organization are subject to the federal public disclosure rules, these documents will be made publicly available as applicable law may require. Otherwise, the governing documents will be provided to the public at the discretion of management.

Filing and Contact Details

Filer

EIN
11-2651721
Phone
7187297400

Signing Officer

Name
Sal Alladeen
Title
Trustee
Phone
7187297400
Signed
2015-05-06
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Preparer
David J Fitzsimmons
Phone
2127594949
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Provide training courses and scholarships benefits to eligible members of contributing employers or their dependents (for scholarship purposes).

Form 990, Part IX, Line 11G

Consulting fees 135 0 0 data processing 28,750 0 0

Financial Statement Notes

Schedule D, Page 3, Part X

The internal revenue service has ruled that the fund is an exempt organization under section 501 (c) (9) of the internal revenue code, and is therefore not subject to federal income taxes. The fund is required to operate in conformity with the irc to maintain its tax exempt status. The board is not aware of any course of action or series of events that have occurred that might adversely affect the fund's tax exempt status. Accounting principles generally accepted in the united states of america requires fund management to evaluate tax positions taken by the fund and recognize a tax liability or asset if the fund has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The fund's management has analyzed the tax positions taken by the fund, and has concluded that at june 30, 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or asset or disclosure in the financial statements. The fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The fund administrator believes it is no longer subject to income tax examinations for years prior to 2011.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS RULED THAT THE FUND IS AN EXEMPT ORGANIZATION UNDER SECTION 501 (C) (9) OF THE INTERNAL REVENUE CODE, AND IS THEREFORE NOT SUBJECT TO FEDERAL INCOME TAXES. THE FUND IS REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN ITS TAX EXEMPT STATUS. THE BOARD IS NOT AWARE OF ANY COURSE OF ACTION OR SERIES OF EVENTS THAT HAVE OCCURRED THAT MIGHT ADVERSELY AFFECT THE FUND'S TAX EXEMPT STATUS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES FUND MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FUND AND RECOGNIZE A TAX LIABILITY OR ASSET IF THE FUND HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE FUND'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FUND, AND HAS CONCLUDED THAT AT JUNE 30, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FUND ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DANIEL AUSTIN 67-29 METROPOLITAN AVE MIDDLE VILLAGE, NY 11379
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S POLICY REQUIRES THE SIGNATORY BOARD MEMBER TO REVIEW THE IRS FORM 990 THAT IS PREPARED ON THE ORGANIZATION'S BEHALF BEFORE IT IS FILED WITH THE IRS. THE MEANS OF DELIVERY SHALL BE HARD COPY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IF THE GOVERNING DOCUMENTS OF OUR ORGANIZATION ARE SUBJECT TO THE FEDERAL PUBLIC DISCLOSURE RULES, THESE DOCUMENTS WILL BE MADE PUBLICLY AVAILABLE AS APPLICABLE LAW MAY REQUIRE. OTHERWISE, THE GOVERNING DOCUMENTS WILL BE PROVIDED TO THE PUBLIC AT THE DISCRETION OF MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING FEES 135 0 0 DATA PROCESSING 28,750 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4LABOR ORG
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State6NY
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0SAL ALLADEEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum07187297400
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine10S E I U LOCAL 74 TRAINING AND
ReturnHeader/Filer/BusinessName/BusinessNameLine20TRAINING AND SCHOLARSHIP FUND
ReturnHeader/Filer/BusinessNameControlTxt0SEIU
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ReturnHeader/Filer/PhoneNum07187297400
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ReturnHeader/Filer/USAddress/State0NY
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132858927
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10FITZSIMMONS KRANTZ AND ABRAMS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1059 E 54TH ST RM 82

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