Civic Intelligence

Riverhead Central Faculty Association Benefit Trust Fund

990 • Fiscal year 2022 • EIN 11-3614230

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

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

0.08x

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

2022 filings • NTEE Y • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.15x

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

2022 filings • NTEE Y • $1M-$5M nonprofits • Source year 2022

Net Margin

58th percentile

17%

Higher net margin than 58% of similar nonprofits.

2022 filings • NTEE Y • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

76th percentile

$36,657

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2022 filings • NTEE Y • $1M-$5M nonprofits • Source year 2022

Asset Growth

69th percentile

2.2%

Faster asset growth than 69% of similar nonprofits.

2022 filings • NTEE Y • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

70th percentile

11%

Faster revenue growth than 70% of similar nonprofits.

2022 filings • NTEE Y • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$1,469,324

Up $31,008 (+2.2%) from 2021

Net Assets

Up

$1,350,646

Up $22,434 (+1.7%) from 2021

Liabilities

Up

$118,678

Up $8,574 (+7.8%) from 2021

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin58th percentile

Revenue

Up

$807,316

Up $81,859 (+11%) from 2021

Expenses

Down

$673,929

Down $18,620 (-2.7%) from 2021

Net Income

Up

$133,387

Up $100,479 (+305%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2022

Assets$1,469,324
Liabilities$118,678
Net Assets$1,350,646
Open 2022 Filing

Operations Trend

Revenue Growth70th 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

2022

Revenue$807,316
Expenses$673,929
Net Income$133,387
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.0
Gross Receipts
$807,316
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$1,273,017$1,184,234▼ $88,783
Cash and Non-Interest-Bearing Accounts$147,719$205,303▲ $57,584
Savings and Temporary Cash Investments$1,241$14,416▲ $13,175
Land, Buildings, and Equipment, Net$550$2,113▲ $1,563
Total Assets$1,438,316$1,469,324▲ $31,008
Other Assets Total$15,789$63,258▲ $47,469
Liabilities
Other Liabilities$88,017$91,876▲ $3,859
Accounts Payable and Accrued Expenses$22,087$26,802▲ $4,715
Total Liabilities$110,104$118,678▲ $8,574
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,328,212$1,350,646▲ $22,434
Total Net Assets Fund Balance$1,328,212$1,350,646▲ $22,434
Total Liabilities and Net Assets / Fund Balance$1,438,316$1,469,324▲ $31,008

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,113$1,115$3,228
Equipment-$2,489$2,489
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory WallaceChairpersonPT$14,800$21,857$36,657
Robert BrandiTreasurerPT$11,800$5,307$17,107
Jenn SimoesTrustee-$2,750$7,357$10,107
Chris ButterfieldTrustee-$2,750$6,557$9,307
Marisa DeserioTrustee-$3,000$1,000$4,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$792,965
Investment Income
$14,351
Other Revenue
$0
Change in Net Assets
$133,387

Audited Revenue Reconciliation

Revenue per Audited Statements
$807,316
Revenue Not Reported on Form 990
$-110,953
Total Revenue per Audited Statements
$696,363
Total Revenue per Form 990
$807,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$71,898
Salaries, Compensation, and Employee Benefits$35,100
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$566,931
Current Officers, Directors, Trustees, and Key Employees---$35,100
Occupancy---$15,981
Fees for Services Accounting---$10,375
Fees for Services Legal---$8,000
Fees for Service Investment Mgmnt Fees---$6,927
Insurance---$1,608
Other Expenses---$785
All Other Expenses---$661
Office Expenses---$659
Depreciation Depletion---$564
Total Functional Expenses$0$0$0$673,929

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$673,929
Total Expenses per Audited Statements$673,929
Total Expenses per Form 990$673,929
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$67,701
Deferred Revenue - Retiree Life Ins.$14,317
Deferred Revenue - Ltd$9,858
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 at https://apps.irs.gov/app/eos/.”

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
Chairperson
Phone
6317272262
Signed
2023-05-12
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
Raw XML Appendix348 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 AT HTTPS://APPS.IRS.GOV/APP/EOS/.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE ORGANIZATION'S MEMBERS UPON REQUEST.
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
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237364917
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RIVERHEAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01438316
IRS990/TotalAssetsEOYAmt01469324
IRS990/TotalAssetsGrp/BOYAmt01438316
IRS990/TotalAssetsGrp/EOYAmt01469324
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0673929
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0110104
IRS990/TotalLiabilitiesEOYAmt0118678
IRS990/TotalLiabilitiesGrp/BOYAmt0110104
IRS990/TotalLiabilitiesGrp/EOYAmt0118678
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IRS990/TotalProgramServiceRevenueAmt0792965
IRS990/TotalReportableCompFromOrgAmt035100
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0807316
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0807316
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01469324
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY WALLACE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-12
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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
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN GIBISER CPA
ReturnHeader/ReturnTs02023-05-15T12:18:03-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GREGORY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WALLACE
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,469,324
Liabilities
$118,678
Net assets
$1,350,646
Revenue
$807,316
Expenses
$673,929
Net income
$133,387
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