Civic Intelligence

Local 282 Vacation and Sick Leave Trust Fund

990 • Fiscal year 2015 • EIN 11-6438921

Mar 01, 2014 to Feb 28, 2015 • Filed on Dec 11, 2015

2500 Marcus AvenueLake Success, NY 11042

(516) 488-2822

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Net Margin

57th percentile

4.3%

Higher net margin than 57% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

90th percentile

$292,760

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Asset Growth

69th percentile

7.3%

Faster asset growth than 69% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

61st percentile

6.3%

Faster revenue growth than 61% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$6,667,762

Up $456,441 (+7.3%) from 2014

Net Assets

Up

$6,663,445

Up $455,740 (+7.3%) from 2014

Liabilities

Up

$4,317

Up $701 (+19%) from 2014

Revenue

Up

$10,512,574

Up $626,457 (+6.3%) from 2014

Expenses

Down

$10,056,834

Down $600,760 (-5.6%) from 2014

Net Income

Up

$455,740

Up $1,227,217 (+159%) from 2014

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $7,226,703Liabilities 2011: $503,473Net Assets 2011: $6,723,2302011Assets 2012: $6,814,269Liabilities 2012: $7,907Net Assets 2012: $6,806,3622012Assets 2013: $6,982,308Liabilities 2013: $3,126Net Assets 2013: $6,979,1822013Assets 2014: $6,211,321Liabilities 2014: $3,616Net Assets 2014: $6,207,7052014Assets 2015: $6,667,762Liabilities 2015: $4,317Net Assets 2015: $6,663,4452015Assets 2016: $7,282,039Liabilities 2016: $5,286Net Assets 2016: $7,276,7532016Assets 2017: $7,344,019Liabilities 2017: $5,237Net Assets 2017: $7,338,7822017Assets 2018: $7,829,468Liabilities 2018: $4,614Net Assets 2018: $7,824,8542018Assets 2019: $7,669,189Liabilities 2019: $98,704Net Assets 2019: $7,570,4852019

Highlighted filing

2015

Assets$6,667,762
Liabilities$4,317
Net Assets$6,663,445

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $9,451,4262011Revenue 2012: $9,736,544Expenses 2012: $9,651,721Net Income 2012: $84,8232012Revenue 2013: $10,375,422Expenses 2013: $10,204,103Net Income 2013: $171,3192013Revenue 2014: $9,886,117Expenses 2014: $10,657,594Net Income 2014: -$771,4772014Revenue 2015: $10,512,574Expenses 2015: $10,056,834Net Income 2015: $455,7402015Revenue 2016: $11,681,801Expenses 2016: $11,068,493Net Income 2016: $613,3082016Revenue 2017: $11,952,263Expenses 2017: $11,890,234Net Income 2017: $62,0292017Revenue 2018: $12,806,038Expenses 2018: $12,319,966Net Income 2018: $486,0722018Revenue 2019: $13,018,461Expenses 2019: $13,272,830Net Income 2019: -$254,3692019

Highlighted filing

2015

Revenue$10,512,574
Expenses$10,056,834
Net Income$455,740
Jump To
Filing Snapshot
Filing Period
Mar 1, 2014 to Feb 28, 2015
Signed
Dec 11, 2015
Return Version
2014v5.0
Gross Receipts
$10,512,574
Mission and Program Overview

Mission

To provide vacation benefits to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$6,207,705$6,663,445▲ $455,740
Savings and Temporary Cash Investments$4,957,316$5,174,240▲ $216,924
Accounts Receivable$1,251,553$1,439,844▲ $188,291
Cash and Non-Interest-Bearing Accounts$2,452$53,678▲ $51,226
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-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$6,211,321$6,667,762▲ $456,441
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$3,616$4,317▲ $701
Total Liabilities$3,616$4,317▲ $701
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,207,705$6,663,445▲ $455,740
Total Liabilities and Net Assets / Fund Balance$6,211,321$6,667,762▲ $456,441

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$17,613$17,613
Other Land Buildings-$5,829$5,829
Compensation and Service Providers

Board Members and Trustees

NameTitle
ANTHONY D'AQUILATrustee
Denise RichardsonTrustee
Frank FinkelTrustee
Joseph FerraraTrustee
Louis BisignanoTrustee
MICHAEL O'TOOLETrustee
Marc HerbstTrustee
Michael BourgalTrustee
Thomas CorbettTrustee
Thomas GesualdiTrustee
Mario BuldingAsst Fund Manager
Theresa CodyColl Mgr
Francis a SignorilleData Entry Supv.
Thomas RyanFund Manager
Bruce LevineIn House Council
Timothy LyeIt Manager
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,418,482
Investment Income
$38,334
Other Revenue
$55,758
Change in Net Assets
$455,740

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,512,574
Total Revenue per Audited Statements
$10,512,574
Total Revenue per Form 990
$10,512,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$399,600
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$9,657,234
Office Expenses---$15,265
Occupancy---$14,750
Other Expenses---$10,890
Fees for Services Accounting---$5,000
Total Functional Expenses$0$0$0$10,056,834

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,056,834
Total Expenses per Audited Statements$10,056,834
Total Expenses per Form 990$10,056,834
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
Lobbying 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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
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, Line 11B: Form 990 Review Process

The organization's policy requires the board of trustees to review the organization's form 990 before it is filed with the irs.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The fund manager's compensation is approved by the board of trustees.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The governing documents of the organization are subject to the federal public disclosure rules and 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

Filer Name
Local 282 Vacation and
EIN
11-6438921
Phone
5164882822
Address
2500 MARCUS AVENUE, LAKE SUCCESS, NY 11042

Signing Officer

Name
Thomas Gesualdi
Title
Trustee
Signed
2015-12-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Gesualdi
Formed
1994
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Gould Kobrick & Schlapp Pc
Address
3 PARK AVE 14TH FL, NEW YORK, NY 10016-5902
Preparer
Steven T Schlapp
Phone
2125649451
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IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE VACATION BENEFITS TO MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06207705
IRS990/NetAssetsOrFundBalancesEOYAmt06663445
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt014750
IRS990/OfficeExpensesGrp/TotalAmt015265
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Allocated Expenses
IRS990/OtherExpensesGrp/Desc1Search Expense
IRS990/OtherExpensesGrp/TotalAmt0353695
IRS990/OtherExpensesGrp/TotalAmt110890
IRS990/OtherRevenueMiscGrp/BusinessCd0525100
IRS990/OtherRevenueMiscGrp/BusinessCd1525100
IRS990/OtherRevenueMiscGrp/BusinessCd2525100
IRS990/OtherRevenueMiscGrp/Desc0BOUNCED CHECK FEES
IRS990/OtherRevenueMiscGrp/Desc1INTEREST - EMPLOYERS
IRS990/OtherRevenueMiscGrp/Desc2LIQUIDATED DAMAGES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0150
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt154491
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21117
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0150
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt154491
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21117
IRS990/OtherRevenueTotalAmt055758
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0THOMAS GESUALDI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYERS CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010418482
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010418482
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt010240348
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt041781
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0417246
IRS990/PYOtherRevenueAmt073579
IRS990/PYProgramServiceRevenueAmt09770757
IRS990/PYRevenuesLessExpensesAmt0-771477
IRS990/PYTotalExpensesAmt010657594
IRS990/PYTotalRevenueAmt09886117
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0455740
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06207705
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06663445
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04957316
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05174240
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017613
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017613
IRS990ScheduleD/ExpensesSubtotalAmt010056834
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05829
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05829
IRS990ScheduleD/RevenueSubtotalAmt010512574
IRS990ScheduleD/TotalExpensesPerForm990Amt010056834
IRS990ScheduleD/TotalRevenuePerForm990Amt010512574
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010512574
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010056834
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1111751
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2151509
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3128048
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4202401
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt5110742
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt014316
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt134066
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt248087
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt334652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt460101
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt532216
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt0273
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt122816
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt231043
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt430258
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt524290
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRUCE LEVINE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1FRANCIS A SIGNORILLE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Mario Bulding
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3THERESA CODY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4THOMAS RYAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5TIMOTHY LYE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0IN HOUSE COUNCIL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DATA ENTRY SUPV.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Asst Fund Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3COLL MGR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4FUND MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5IT MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0287498
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1168633
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2230639
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3187137
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4292760
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt5167248
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S POLICY REQUIRES THE BOARD OF TRUSTEES TO REVIEW THE ORGANIZATION'S FORM 990 BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND MANAGER'S COMPENSATION IS APPROVED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS OF THE ORGANIZATION ARE SUBJECT TO THE FEDERAL PUBLIC DISCLOSURE RULES AND 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/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

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