Civic Intelligence

Local 282 Vacation and Sick Leave Trust Fund

990 • Fiscal year 2019 • EIN 11-6438921

Mar 01, 2018 to Feb 28, 2019 • Filed on Nov 11, 2019

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

46th percentile

0.01x

Higher debt load relative to assets than 46% of similar nonprofits.

2019 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

36th percentile

0.01x

Higher debt load relative to revenue than 36% of similar nonprofits.

2019 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2019

Net Margin

25th percentile

-2.0%

Higher net margin than 25% of similar nonprofits.

2019 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

95th percentile

$363,503

Higher top officer pay than 95% of similar nonprofits.

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

2019 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2019

Asset Growth

21st percentile

-2.0%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

39th percentile

1.7%

Faster revenue growth than 39% of similar nonprofits.

2019 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$7,669,189

Down $160,279 (-2.0%) from 2018

Net Assets

Down

$7,570,485

Down $254,369 (-3.3%) from 2018

Liabilities

Up

$98,704

Up $94,090 (+2039%) from 2018

Revenue

Up

$13,018,461

Up $212,423 (+1.7%) from 2018

Expenses

Up

$13,272,830

Up $952,864 (+7.7%) from 2018

Net Income

Down

-$254,369

Down $740,441 (-152%) from 2018

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

2019

Assets$7,669,189
Liabilities$98,704
Net Assets$7,570,485

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

2019

Revenue$13,018,461
Expenses$13,272,830
Net Income-$254,369
Jump To
Filing Snapshot
Filing Period
Mar 1, 2018 to Feb 28, 2019
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$13,018,461
Mission and Program Overview

Mission

To provide vacation benefits to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$7,824,854$7,570,485▼ $254,369
Savings and Temporary Cash Investments$5,987,854$5,929,118▼ $58,736
Receivable From Disqualified Prsn$1,676,585$1,635,348▼ $41,237
Cash and Non-Interest-Bearing Accounts$165,029$104,723▼ $60,306
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$7,829,468$7,669,189▼ $160,279
Other Assets Total-$0-
Liabilities
Other Liabilities-$94,103-
Accounts Payable and Accrued Expenses$4,614$4,601▼ $13
Total Liabilities$4,614$98,704▲ $94,090
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,824,854$7,570,485▼ $254,369
Total Liabilities and Net Assets / Fund Balance$7,829,468$7,669,189▼ $160,279

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$17,612$17,612
Other Land Buildings-$5,830$5,830
Compensation and Service Providers

Board Members and Trustees

NameTitle
Darin JeffersTrustee
Denise RichardsonTrustee
Frank FinkelTrustee
Joseph FerraraTrustee
Louis BisignanoTrustee
MICHAEL O'TOOLETrustee
Marc HerbstTrustee
Michael BourgalTrustee
Thomas CorbettTrustee
Thomas GesualdiTrustee
Mario BuldingFund Manager
Bruce LevineIn House Counsel
Ross PollackIn House Counsel
Thomas J ZultkoInstructor
Timothy LyeIt Manager
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,919,787
Investment Income
$51,513
Other Revenue
$47,161
Change in Net Assets
$-254,369

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,018,461
Total Revenue per Audited Statements
$13,018,461
Total Revenue per Form 990
$13,018,461
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$500,169
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---$12,772,661
Other Expenses---$468,361
Occupancy---$13,727
Office Expenses---$13,081
Fees for Services Accounting---$5,000
Total Functional Expenses$0$0$0$13,272,830

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,272,830
Total Expenses per Audited Statements$13,272,830
Total Expenses per Form 990$13,272,830
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$1,676,585$1,635,348▼ $41,237
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Funds$94,103
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

Form 990 was distributed to all trustees before filing.

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

Governing documents, policies and financial statements are not made avialable to the public.

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
2019-11-11
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 Floor, New York, NY 10016-5902
Preparer
Steven T Schlapp
Phone
2125649451
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IRS990/OfficeExpensesGrp/TotalAmt013081
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Allocated Expenses
IRS990/OtherExpensesGrp/TotalAmt0468361
IRS990/OtherLiabilitiesGrp/EOYAmt094103
IRS990/OtherRevenueMiscGrp/BusinessCd0525100
IRS990/OtherRevenueMiscGrp/BusinessCd1525100
IRS990/OtherRevenueMiscGrp/BusinessCd2525100
IRS990/OtherRevenueMiscGrp/Desc0BOUNCED CHECK FEES
IRS990/OtherRevenueMiscGrp/Desc1INTEREST - EMPLOYERS
IRS990/OtherRevenueMiscGrp/Desc2LIQUIDATED DAMAGES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0225
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt146908
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt228
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0225
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt146908
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt228
IRS990/OtherRevenueTotalAmt047161
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/RelatedOrExemptFuncIncomeAmt012919787
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012919787
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt011965309
IRS990/PYInvestmentIncomeAmt046822
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0354657
IRS990/PYOtherRevenueAmt063186
IRS990/PYProgramServiceRevenueAmt012696030
IRS990/PYRevenuesLessExpensesAmt0486072
IRS990/PYTotalExpensesAmt012319966
IRS990/PYTotalRevenueAmt012806038
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt01676585
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt01635348
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-254369
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07824854
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07570485
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05987854
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05929118
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017612
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017612
IRS990ScheduleD/ExpensesSubtotalAmt013272830
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05830
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05830
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt094103
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED FUNDS
IRS990ScheduleD/RevenueSubtotalAmt013018461
IRS990ScheduleD/TotalExpensesPerForm990Amt013272830
IRS990ScheduleD/TotalLiabilityAmt094103
IRS990ScheduleD/TotalRevenuePerForm990Amt013018461
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013018461
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013272830
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0285535
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1221699
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2103493
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3134279
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4119807
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt037877
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt171289
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt219745
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt337655
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt433459
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt040091
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt145791
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt227271
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt344870
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt447134
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRUCE LEVINE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MARIO BULDING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2ROSS POLLACK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3THOMAS J ZULTKO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4TIMOTHY LYE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0IN HOUSE COUNSEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Fund Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2IN HOUSE COUNSEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3INSTRUCTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4IT MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0363503
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1338779
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2150509
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3216804
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4200400
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WAS DISTRIBUTED TO ALL TRUSTEES BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND MANAGER'S COMPENSATION IS APPROVED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE NOT MADE AVIALABLE TO THE PUBLIC.
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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Contributing Employers - See attached
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd4false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A

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