Civic Intelligence

Port Washington Teachers Benefit Assoc

EIN 11-3211530 • 501(c)9 • Lynbrook, NY

Profile

To provide health, vision, legal, and dental insurance for the active, retired, and leave of absence teachers of the Port Washington UFSD.

C/O Aso 303 Merrick Road Suite 300Lynbrook, NY 11563

n/A

Siviq Scores

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

Liabilities / Assets

77th percentile

0.11x

Higher debt load relative to assets than 77% of similar nonprofits.

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

Liabilities / Revenue

76th percentile

0.09x

Higher debt load relative to revenue than 76% of similar nonprofits.

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

Net Margin

59th percentile

7.7%

Higher net margin than 59% of similar nonprofits.

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

Top Officer Pay

72nd percentile

$23,577

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

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

Asset Growth

26th percentile

-16%

Faster asset growth than 26% of similar nonprofits.

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

Revenue Growth

41st percentile

1.3%

Faster revenue growth than 41% of similar nonprofits.

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

Assets

Up

$1,263,537

Up $218,418 (+21%) from 2023

Liabilities

Up

$434,757

Up $165,871 (+62%) from 2023

Net Assets

Up

$828,780

Up $52,547 (+6.8%) from 2023

Revenue

Up

$1,292,452

Up $11,060 (+0.9%) from 2023

Expenses

Down

$1,243,805

Down $153,576 (-11%) from 2023

Net Income

Up

$48,647

Up $164,636 (+142%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $309,931Liabilities 2011: $144,483Net Assets 2011: $165,4482011Assets 2012: $244,095Liabilities 2012: $101,363Net Assets 2012: $142,7322012Assets 2013: $385,928Liabilities 2013: $122,638Net Assets 2013: $263,2902013Assets 2014: $450,042Liabilities 2014: $109,334Net Assets 2014: $340,7082014Assets 2015: $451,215Liabilities 2015: $15,888Net Assets 2015: $435,3272015Assets 2016: $669,637Liabilities 2016: $109,867Net Assets 2016: $559,7712016Assets 2017: $771,501Liabilities 2017: $154,923Net Assets 2017: $616,5782017Assets 2018: $707,123Liabilities 2018: $59,494Net Assets 2018: $647,6292018Assets 2019: $738,865Liabilities 2019: $109,667Net Assets 2019: $629,1982019Assets 2020: $816,820Liabilities 2020: $1,100Net Assets 2020: $815,7202020Assets 2021: $994,971Liabilities 2021: $124,374Net Assets 2021: $870,5972021Assets 2022: $1,072,994Liabilities 2022: $169,063Net Assets 2022: $903,9312022Assets 2023: $1,045,119Liabilities 2023: $268,886Net Assets 2023: $776,2332023Assets 2024: $1,263,537Liabilities 2024: $434,757Net Assets 2024: $828,7802024

Highlighted filing

2024

Assets$1,263,537
Liabilities$434,757
Net Assets$828,780

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $536,565Expenses 2011: $1,036,255Net Income 2011: -$499,6902011Revenue 2012: $897,596Expenses 2012: $920,312Net Income 2012: -$22,7162012Revenue 2013: $988,977Expenses 2013: $868,419Net Income 2013: $120,5582013Revenue 2014: $996,739Expenses 2014: $919,321Net Income 2014: $77,4182014Revenue 2015: $1,001,057Expenses 2015: $906,438Net Income 2015: $94,6192015Revenue 2016: $1,020,984Expenses 2016: $896,540Net Income 2016: $124,4442016Revenue 2017: $1,029,444Expenses 2017: $972,637Net Income 2017: $56,8072017Revenue 2018: $1,065,057Expenses 2018: $1,034,006Net Income 2018: $31,0512018Revenue 2019: $1,094,266Expenses 2019: $1,112,697Net Income 2019: -$18,4312019Revenue 2020: $1,112,757Expenses 2020: $926,234Net Income 2020: $186,5232020Revenue 2021: $1,125,612Expenses 2021: $1,070,735Net Income 2021: $54,8772021Revenue 2022: $1,154,841Expenses 2022: $1,121,507Net Income 2022: $33,3342022Revenue 2023: $1,281,392Expenses 2023: $1,397,381Net Income 2023: -$115,9892023Revenue 2024: $1,292,452Expenses 2024: $1,243,805Net Income 2024: $48,6472024

Highlighted filing

2024

Revenue$1,292,452
Expenses$1,243,805
Net Income$48,647

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.43$0.83$1.29$1.24$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.05$0.27$0.78$1.28$1.40$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.07$0.17$0.90$1.15$1.12$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.99$0.12$0.87$1.13$1.07$0.05
2020Summary only. Only limited summary data is available for this year.$0.82$0.00$0.82$1.11$0.93$0.19
2019Summary only. Only limited summary data is available for this year.$0.74$0.11$0.63$1.09$1.11$0.02
2018Summary only. Only limited summary data is available for this year.$0.71$0.06$0.65$1.07$1.03$0.03
2017Summary only. Only limited summary data is available for this year.$0.77$0.15$0.62$1.03$0.97$0.06
2016Summary only. Only limited summary data is available for this year.$0.67$0.11$0.56$1.02$0.90$0.12
2015Summary only. Only limited summary data is available for this year.$0.45$0.02$0.44$1.00$0.91$0.09
2014Summary only. Only limited summary data is available for this year.$0.45$0.11$0.34$1.00$0.92$0.08
2013Summary only. Only limited summary data is available for this year.$0.39$0.12$0.26$0.99$0.87$0.12
2012Summary only. Only limited summary data is available for this year.$0.24$0.10$0.14$0.90$0.92$0.02
2011Summary only. Only limited summary data is available for this year.$0.31$0.14$0.17$0.54$1.04$0.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 8, 2025
Return Version
2023v6.0
Gross Receipts
$1,683,039
Mission and Program Overview

Mission

To provide health, vision, legal, and dental insurance for the active, retired, and leave of absence teachers of the Port Washington UFSD.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$776,233$828,780▲ $52,547
Investments in Publicly Traded Securities$879,762$725,376▼ $154,386
Cash and Non-Interest-Bearing Accounts$77,461$362,383▲ $284,922
Savings and Temporary Cash Investments$79,833$164,841▲ $85,008
Accounts Receivable$4,782$4,715▼ $67
Prepaid Expenses and Deferred Charges-$875-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,045,119$1,263,537▲ $218,418
Other Assets Total$3,281$5,347▲ $2,066
Liabilities
Other Liabilities$134,703$241,398▲ $106,695
Deferred Revenue$126,725$178,952▲ $52,227
Accounts Payable and Accrued Expenses$7,458$14,407▲ $6,949
Total Liabilities$268,886$434,757▲ $165,871
Net Assets / Fund Balance
Total Net Assets Fund Balance$776,233$828,780▲ $52,547
Total Liabilities and Net Assets / Fund Balance$1,045,119$1,263,537▲ $218,418
Compensation and Service Providers

Employees

NameTitleOtherTotal
Regina McleanTrustee$23,577$23,577

Board Members and Trustees

NameTitle
Arthur CookeTrustee
Emily BaxterTrustee
Lauren GiliofTrustee
Lisa CarusTrustee
Serena TroianiTrustee
Traci DrexlerTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,261,377
Investment Income
$30,097
Other Revenue
$978
Change in Net Assets
$48,647

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,287,393
Revenue Not Reported on Financial Statements
$5,059
Revenue Not Reported on Form 990
$3,900
Total Revenue per Audited Statements
$1,291,293
Total Revenue per Form 990
$1,292,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$90,345
Salaries, Compensation, and Employee Benefits$13,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,140,460
Fees for Services Other---$66,397
Current Officers, Directors, Trustees, and Key Employees---$13,000
Fees for Services Legal---$9,500
Fees for Services Accounting---$6,000
Fees for Service Investment Mgmnt Fees---$5,059
Conferences and Meetings---$1,579
Insurance---$1,050
Office Expenses---$760
Total Functional Expenses$0$0$0$1,243,805

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,243,805
Expenses per Audited Statements$1,205,969
Total Expenses per Audited Statements$1,205,969
Expenses Not Reported on Financial Statements$37,836
Other Expense Adjustments$32,777
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Benefit Obligations$167,480
due from broker$73,918
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The federal form 990 is provided to the board of trustees before it is filed with the irs.

Form 990, Part VI, Section C, Line 19

Governing documents, policies and financial statements are not made available to thegeneral public.

Filing and Contact Details

Filer

Filer Name
Port Washington Teachers Benefit Assoc
EIN
11-3211530
Phone
5163965500
Address
C/O ASO 303 MERRICK ROAD SUITE 300, LYNBROOK, NY 11563

Signing Officer

Name
Lisa Carus
Title
Trustee
Signed
2025-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Carus
Formed
1994
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
6
Employees
1

Preparer

Firm
Gould Kobrick & Schlapp PC
Address
192 Lexington Ave Ste 700, New York, NY 10016
Preparer
Steven T Schlapp
Phone
2125649451
Supplemental Narrative

Financial Statement Notes

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Change in benefit obligation $32777

Raw XML AppendixShowing 400 of 401 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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IRS990/ProgramServiceRevenueGrp/Desc2Participant contributions
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01015
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1785240
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2475122
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IRS990/PYInvestmentIncomeAmt017224
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IRS990/PYOtherRevenueAmt0925
IRS990/PYProgramServiceRevenueAmt01263243
IRS990/PYRevenuesLessExpensesAmt0-115989
IRS990/PYSalariesCompEmpBnftPaidAmt023045
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0828780
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt05059
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03900
IRS990ScheduleD/OtherExpensesNotIncludedAmt032777
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0167480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt173918
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BENEFIT OBLIGATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1due from broker
IRS990ScheduleD/RevenueNotReportedAmt03900
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt05059
IRS990ScheduleD/RevenueSubtotalAmt01287393
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Change in benefit obligation $32777
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
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IRS990ScheduleD/TotalLiabilityAmt0241398
IRS990ScheduleD/TotalRevenuePerForm990Amt01292452
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01205969
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FEDERAL FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THEGENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AMERICAN FEDERATION OF TEACHERS 2938 AFT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Port Washington School District
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0112291760
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 (C)(5)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0UNION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Employer contributions
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt052 CAMPUS DRIVE - WEBER MS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1100 Campus Drive
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PORT WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Port Washington
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0268886
IRS990/TotalLiabilitiesEOYAmt0434757
IRS990/TotalLiabilitiesGrp/BOYAmt0268886
IRS990/TotalLiabilitiesGrp/EOYAmt0434757
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0828780
IRS990/TotalProgramServiceRevenueAmt01261377
IRS990/TotalRevenueGrp/ExclusionAmt030097
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01262355
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01292452
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01045119
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01263537
IRS990/TotReportableCompRltdOrgAmt023577
IRS990/TravelGrp/TotalAmt00
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O ASO 303 MERRICK ROAD SUITE 300
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IRS990/USAddress/ZIPCd011563
IRS990/VotingMembersGoverningBodyCnt07
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Lisa Carus
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PORT WASHINGTON TEACHERS BENEFIT ASSOC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0TRUST
ReturnHeader/Filer/BusinessNameControlTxt0PORT
ReturnHeader/Filer/EIN0113211530
ReturnHeader/Filer/PhoneNum05163965500
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O ASO 303 MERRICK ROAD SUITE 300
ReturnHeader/Filer/USAddress/CityNm0LYNBROOK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011563
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133082707
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Gould Kobrick & Schlapp PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0192 Lexington Ave Ste 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010016
ReturnHeader/PreparerPersonGrp/PhoneNum02125649451
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steven T Schlapp
ReturnHeader/ReturnTs02025-04-08T12:03:29-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30

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