Civic Intelligence

Riverhead Central Faculty Association Benefit Trust Fund

990 • Fiscal year 2019 • EIN 11-3614230

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 24, 2020

Organization ProfileN/A
223 Roanoke AveRiverhead, NY 11901

(631) 727-2262

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.07x

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

2019 filings • NTEE Y • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.12x

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

2019 filings • NTEE Y • $1M-$5M nonprofits • Source year 2019

Net Margin

24th percentile

-9.1%

Higher net margin than 24% of similar nonprofits.

2019 filings • NTEE Y • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

68th percentile

$29,857

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2019 filings • NTEE Y • $1M-$5M nonprofits • Source year 2019

Asset Growth

19th percentile

-2.7%

Faster asset growth than 19% of similar nonprofits.

2019 filings • NTEE Y • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

64th percentile

5.9%

Faster revenue growth than 64% of similar nonprofits.

2019 filings • NTEE Y • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$1,300,013

Down $36,094 (-2.7%) from 2018

Net Assets

Down

$1,209,946

Down $36,970 (-3.0%) from 2018

Liabilities

Up

$90,067

Up $876 (+1.0%) from 2018

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin24th percentile

Revenue

Up

$731,683

Up $40,558 (+5.9%) from 2018

Expenses

Up

$797,962

Up $22,274 (+2.9%) from 2018

Net Income

Up

-$66,279

Up $18,284 (+22%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,401,966Liabilities 2011: $0Net Assets 2011: $1,401,9662011Assets 2012: $1,309,106Liabilities 2012: $0Net Assets 2012: $1,309,1062012Assets 2013: $1,385,239Liabilities 2013: $0Net Assets 2013: $1,385,2392013Assets 2014: $1,356,497Liabilities 2014: $0Net Assets 2014: $1,356,4972014Assets 2015: $1,523,500Liabilities 2015: $96,580Net Assets 2015: $1,426,9202015Assets 2016: $1,433,443Liabilities 2016: $80,868Net Assets 2016: $1,352,5752016Assets 2017: $1,412,032Liabilities 2017: $91,451Net Assets 2017: $1,320,5812017Assets 2018: $1,336,107Liabilities 2018: $89,191Net Assets 2018: $1,246,9162018Assets 2019: $1,300,013Liabilities 2019: $90,067Net Assets 2019: $1,209,9462019Assets 2020: $1,306,827Liabilities 2020: $71,793Net Assets 2020: $1,235,0342020Assets 2021: $1,438,316Liabilities 2021: $110,104Net Assets 2021: $1,328,2122021Assets 2022: $1,469,324Liabilities 2022: $118,678Net Assets 2022: $1,350,6462022Assets 2023: $1,566,973Liabilities 2023: $112,032Net Assets 2023: $1,454,9412023Assets 2024: $1,722,481Liabilities 2024: $103,676Net Assets 2024: $1,618,8052024

Highlighted filing

2019

Assets$1,300,013
Liabilities$90,067
Net Assets$1,209,946
Open 2019 Filing

Operations Trend

Revenue Growth64th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $667,9532011Expenses 2012: $642,8332012Revenue 2013: $720,454Expenses 2013: $644,231Net Income 2013: $76,2232013Revenue 2014: $548,069Expenses 2014: $576,901Net Income 2014: -$28,8322014Revenue 2015: $613,014Expenses 2015: $643,377Net Income 2015: -$30,3632015Revenue 2016: $643,815Expenses 2016: $725,039Net Income 2016: -$81,2242016Revenue 2017: $675,530Expenses 2017: $720,970Net Income 2017: -$45,4402017Revenue 2018: $691,125Expenses 2018: $775,688Net Income 2018: -$84,5632018Revenue 2019: $731,683Expenses 2019: $797,962Net Income 2019: -$66,2792019Revenue 2020: $671,083Expenses 2020: $663,108Net Income 2020: $7,9752020Revenue 2021: $725,457Expenses 2021: $692,549Net Income 2021: $32,9082021Revenue 2022: $807,316Expenses 2022: $673,929Net Income 2022: $133,3872022Revenue 2023: $881,139Expenses 2023: $739,830Net Income 2023: $141,3092023Revenue 2024: $966,189Expenses 2024: $863,931Net Income 2024: $102,2582024

Highlighted filing

2019

Revenue$731,683
Expenses$797,962
Net Income-$66,279
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 24, 2020
Return Version
2018v3.2
Gross Receipts
$731,683
Mission and Program Overview

Mission

To research, provide and administer benefits to the members of the riverhead central faculty association.

To provide benefits to the members of the riverhead central faculty association.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,142,024$1,043,480▼ $98,544
Cash and Non-Interest-Bearing Accounts$149,032$230,187▲ $81,155
Savings and Temporary Cash Investments$31,107$6,062▼ $25,045
Land, Buildings, and Equipment, Net$842$505▼ $337
Total Assets$1,336,107$1,300,013▼ $36,094
Other Assets Total$13,102$19,779▲ $6,677
Liabilities
Other Liabilities$70,144$68,183▼ $1,961
Accounts Payable and Accrued Expenses$19,047$21,884▲ $2,837
Total Liabilities$89,191$90,067▲ $876
Net Assets / Fund Balance
Unrestricted Net Assets$1,246,916$1,209,946▼ $36,970
Total Net Assets Fund Balance$1,246,916$1,209,946▼ $36,970
Total Liabilities and Net Assets / Fund Balance$1,336,107$1,300,013▼ $36,094

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$505$1,984$2,489
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa GouldingChairpersonPT$10,000$19,857$29,857
Gregory WallaceTreasurerPT$9,000$5,057$14,057
Chris ButterfieldTrustee-$2,750$6,057$8,807
Gary KarlsonTrustee-$2,750$6,057$8,807
Jenn SimoesTrustee-$3,000$2,800$5,800
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$710,290
Investment Income
$21,393
Other Revenue
$0
Change in Net Assets
$-66,279

Audited Revenue Reconciliation

Revenue per Audited Statements
$731,683
Revenue Not Reported on Form 990
$29,309
Total Revenue per Audited Statements
$760,992
Total Revenue per Form 990
$731,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$75,552
Salaries, Compensation, and Employee Benefits$27,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$694,910
Current Officers, Directors, Trustees, and Key Employees---$27,500
Occupancy---$15,981
Fees for Services Accounting---$9,950
Fees for Service Investment Mgmnt Fees---$8,289
Fees for Services Legal---$6,500
Insurance---$2,023
Other Expenses---$1,611
All Other Expenses---$1,388
Office Expenses---$466
Depreciation Depletion---$337
Total Functional Expenses$0$0$0$797,962

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$797,962
Total Expenses per Audited Statements$797,962
Total Expenses per Form 990$797,962
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
Dental Claims Payable$51,148
Deferred Revenue - Retiree Life Ins.$12,550
Deferred Revenue - Ltd$4,091
Dental Reserve Liability$394
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
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 6

“The organization members consists of teachers of the riverhead central school district.”

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

“Form 990 is provided to the board of trustees for review prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest policy is reviewed at the board meetings.”

Form 990, Page 6, Part VI, Line 15A

“Counsel presents comparative stipends in the geographic region of similarly situated public sector benefit funds and the fund auditor's analysis of what can be financially sustained by the fund.”

Form 990, Page 6, Part VI, Line 15B

“Counsel presents comparative stipends in the geographic region of similarly situated public sector benefit funds and the fund auditor's analysis of what can be financially sustained by the fund.”

Form 990, Page 6, Part VI, Line 18

“The form 990 is available to be downloaded from www.guidestar.org.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents and financial statements are available to the organization's members upon request.”

Filing and Contact Details

Filer

Filer Name
Riverhead Central Faculty Assoc
EIN
11-3614230
Phone
6317272262
Address
223 ROANOKE AVE, RIVERHEAD, NY 11901

Signing Officer

Name
Gregory Wallace
Title
Treasurer
Phone
6317272262
Signed
2020-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Wallace
Formed
2001
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
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 or selection process during the tax year of its financial statements and selection of an independent accountant.”

Raw XML Appendix356 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 ORGANIZATION MEMBERS CONSISTS OF TEACHERS OF THE RIVERHEAD CENTRAL SCHOOL DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS REVIEWED AT THE BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COUNSEL PRESENTS COMPARATIVE STIPENDS IN THE GEOGRAPHIC REGION OF SIMILARLY SITUATED PUBLIC SECTOR BENEFIT FUNDS AND THE FUND AUDITOR'S ANALYSIS OF WHAT CAN BE FINANCIALLY SUSTAINED BY THE FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COUNSEL PRESENTS COMPARATIVE STIPENDS IN THE GEOGRAPHIC REGION OF SIMILARLY SITUATED PUBLIC SECTOR BENEFIT FUNDS AND THE FUND AUDITOR'S ANALYSIS OF WHAT CAN BE FINANCIALLY SUSTAINED BY THE FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS AVAILABLE TO BE DOWNLOADED FROM WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE ORGANIZATION'S MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 12, PART XII, LINE 2C
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt01336107
IRS990/TotalAssetsGrp/EOYAmt01300013
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0797962
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt089191
IRS990/TotalLiabilitiesEOYAmt090067
IRS990/TotalLiabilitiesGrp/BOYAmt089191
IRS990/TotalLiabilitiesGrp/EOYAmt090067
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IRS990/TotalProgramServiceRevenueAmt0710290
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0731683
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0731683
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01336107
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt01246916
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IRS990/VotingMembersIndependentCnt05
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-24
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.89.152.90
ReturnHeader/FilingSecurityInformation/IPDt02020-02-26
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm006:38:36
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/PreparationDt02020-02-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN GIBISER CPA
ReturnHeader/ReturnTs02020-02-26T06:38:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,300,013
Liabilities
$90,067
Net assets
$1,209,946
Revenue
$731,683
Expenses
$797,962
Net income
-$66,279
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.72$0.10$1.62$0.97$0.86$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.57$0.11$1.45$0.88$0.74$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.47$0.12$1.35$0.81$0.67$0.13
2021Detailed filing. Detailed filing data is available for this year.$1.44$0.11$1.33$0.73$0.69$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.31$0.07$1.24$0.67$0.66$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.30$0.09$1.21$0.73$0.80$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.34$0.09$1.25$0.69$0.78$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.41$0.09$1.32$0.68$0.72$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.43$0.08$1.35$0.64$0.73$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.52$0.10$1.43$0.61$0.64$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.55$0.58$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.00$1.39$0.72$0.64$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.00$1.31$0.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.00$1.40$0.67