Civic Intelligence

District Council 37 Benefits Fund Trust

990 • Fiscal year 2016 • EIN 13-2988369

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 11, 2017

Refreshing map…

125 Barclay StreetNew York, NY 10007

(212) 815-1294

Siviq Scores

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

Liabilities / Assets

35th percentile

0.22x

Higher debt load relative to assets than 35% of similar nonprofits.

2016 filings • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

23rd percentile

0.22x

Higher debt load relative to revenue than 23% of similar nonprofits.

2016 filings • $250M-$1B nonprofits • Source year 2016

Net Margin

15th percentile

-6.8%

Higher net margin than 15% of similar nonprofits.

2016 filings • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

31st percentile

$420,106

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2016 filings • $250M-$1B nonprofits • Source year 2016

Asset Growth

8th percentile

-6.7%

Faster asset growth than 8% of similar nonprofits.

2016 filings • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

45th percentile

2.5%

Faster revenue growth than 45% of similar nonprofits.

2016 filings • $250M-$1B nonprofits • Annualized from 2015 to 2016

Assets

Down

$243,241,919

Down $17,585,015 (-6.7%) from 2015

Net Assets

Down

$188,576,802

Down $19,763,824 (-9.5%) from 2015

Liabilities

Up

$54,665,117

Up $2,178,809 (+4.2%) from 2015

Revenue

Up

$253,893,974

Up $6,177,556 (+2.5%) from 2015

Expenses

Up

$271,147,859

Up $21,565,861 (+8.6%) from 2015

Net Income

Down

-$17,253,885

Down $15,388,305 (-825%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0B$500M$0Assets 2010: $256,688,137Liabilities 2010: $28,296,654Net Assets 2010: $228,391,4832010Assets 2011: $246,123,353Liabilities 2011: $26,078,124Net Assets 2011: $220,045,2292011Assets 2012: $245,295,068Liabilities 2012: $46,391,941Net Assets 2012: $198,903,1272012Assets 2013: $261,230,454Liabilities 2013: $54,784,903Net Assets 2013: $206,445,5512013Assets 2014: $260,745,593Liabilities 2014: $54,035,820Net Assets 2014: $206,709,7732014Assets 2015: $260,826,934Liabilities 2015: $52,486,308Net Assets 2015: $208,340,6262015Assets 2016: $243,241,919Liabilities 2016: $54,665,117Net Assets 2016: $188,576,8022016Assets 2017: $280,790,213Liabilities 2017: $71,951,850Net Assets 2017: $208,838,3632017Assets 2018: $333,575,498Liabilities 2018: $71,346,552Net Assets 2018: $262,228,9462018Assets 2019: $432,590,905Liabilities 2019: $70,577,325Net Assets 2019: $362,013,5802019Assets 2020: $550,835,570Liabilities 2020: $74,095,576Net Assets 2020: $476,739,9942020Assets 2021: $659,276,526Liabilities 2021: $74,966,289Net Assets 2021: $584,310,2372021Assets 2022: $665,776,157Liabilities 2022: $85,887,789Net Assets 2022: $579,888,3682022Assets 2023: $751,306,535Liabilities 2023: $89,381,234Net Assets 2023: $661,925,3012023Assets 2024: $888,314,225Liabilities 2024: $101,596,460Net Assets 2024: $786,717,7652024

Highlighted filing

2016

Assets$243,241,919
Liabilities$54,665,117
Net Assets$188,576,802

Operations Trend

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

$400M$300M$200M$100M$0-$100MExpenses 2010: $258,434,7902010Revenue 2011: $238,181,395Expenses 2011: $264,931,623Net Income 2011: -$26,750,2282011Expenses 2012: $265,941,1822012Revenue 2013: $230,614,732Expenses 2013: $233,836,547Net Income 2013: -$3,221,8152013Revenue 2014: $241,813,368Expenses 2014: $251,804,921Net Income 2014: -$9,991,5532014Revenue 2015: $247,716,418Expenses 2015: $249,581,998Net Income 2015: -$1,865,5802015Revenue 2016: $253,893,974Expenses 2016: $271,147,859Net Income 2016: -$17,253,8852016Revenue 2017: $283,527,474Expenses 2017: $268,483,691Net Income 2017: $15,043,7832017Revenue 2018: $288,416,438Expenses 2018: $243,020,043Net Income 2018: $45,396,3952018Revenue 2019: $309,259,147Expenses 2019: $232,068,549Net Income 2019: $77,190,5982019Revenue 2020: $321,912,281Expenses 2020: $235,099,735Net Income 2020: $86,812,5462020Revenue 2021: $339,284,835Expenses 2021: $246,756,601Net Income 2021: $92,528,2342021Revenue 2022: $300,092,615Expenses 2022: $242,148,216Net Income 2022: $57,944,3992022Revenue 2023: $292,392,809Expenses 2023: $235,467,114Net Income 2023: $56,925,6952023Revenue 2024: $313,042,483Expenses 2024: $226,718,638Net Income 2024: $86,323,8452024

Highlighted filing

2016

Revenue$253,893,974
Expenses$271,147,859
Net Income-$17,253,885
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 11, 2017
Return Version
2015v3.0
Gross Receipts
$271,143,143
Mission and Program Overview

Mission

Collection and distribution of funds to other related tax-exempt health and welfare benefit plans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$216,647,831$200,869,742▼ $15,778,089
Rtn Earn Endowment Incm Other Fnds$208,340,626$188,576,802▼ $19,763,824
Accounts Receivable$30,567,288$29,721,785▼ $845,503
Land, Buildings, and Equipment, Net$7,687,117$7,060,509▼ $626,608
Savings and Temporary Cash Investments$2,049,440$4,294,146▲ $2,244,706
Prepaid Expenses and Deferred Charges$1,036,073$1,071,190▲ $35,117
Cash and Non-Interest-Bearing Accounts$57,864$66,184▲ $8,320
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$260,826,934$243,241,919▼ $17,585,015
Other Assets Total$2,781,321$158,363▼ $2,622,958
Liabilities
Other Liabilities$46,960,974$46,833,493▼ $127,481
Escrow Account Liability$1,943,883$4,289,408▲ $2,345,525
Deferred Revenue$2,594,937$2,647,612▲ $52,675
Accounts Payable and Accrued Expenses$986,514$894,604▼ $91,910
Total Liabilities$52,486,308$54,665,117▲ $2,178,809
Net Assets / Fund Balance
Total Net Assets Fund Balance$208,340,626$188,576,802▼ $19,763,824
Total Liabilities and Net Assets / Fund Balance$260,826,934$243,241,919▼ $17,585,015

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,216,599$13,607,656$16,824,255
Land$3,614,164-$3,614,164
Equipment$212,140$690,956$903,096
Leasehold Improvements$17,606$88,036$105,642
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ralph PepeReal Estate MgrFT$410,803$9,303$420,106
Francisco MoralesSuperintendentFT$133,318$21,250$154,568
Michael CorbinAsst Real Est Mgr.FT$108,305$37,264$145,569
Hinds AndersonChief of SecurityFT$88,011$33,713$121,724
Ramdeen SeepersaudHandy PersonFT$97,556$21,250$118,806

Board Members and Trustees

NameTitle
Henry GarridoTrustee
Maf Misbah UddinTrustee
Oliver GrayTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Amalgamated BankInvestment Custodian275 7th Avenue, New York, NY 10001$101,756
Revenue and Support

Revenue Composition

Contributions and Grants
$62,776
Program Service Revenue
$240,940,640
Investment Income
$12,890,558
Other Revenue
$0
Change in Net Assets
$-17,253,885

Audited Revenue Reconciliation

Revenue per Audited Statements
$253,726,074
Revenue Not Reported on Financial Statements
$167,900
Revenue Not Reported on Form 990
$-2,509,939
Total Revenue per Audited Statements
$251,216,135
Total Revenue per Form 990
$253,893,974
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$270,355,232
Salaries, Compensation, and Employee Benefits$792,627
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Employee Benefits---$548,558
Other Salaries and Wages---$244,069
All Other Expenses---$168,740
Other Expenses---$112,685
Fees for Services Accounting---$62,364
Fees for Services Legal---$45,702
Depreciation Depletion---$10,059
Office Expenses---$1,991
Conferences and Meetings---$1,002
Total Functional Expenses$0$0$0$271,147,859

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$271,147,859
Expenses per Audited Statements$270,979,959
Total Expenses per Audited Statements$270,979,959
Expenses Not Reported on Financial Statements$167,900
Other Expense Adjustments$167,900
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliated Funds$42,228,085
Net Opeb Obligation$3,776,745
EMPLOYEE'S ACCUMULATED BENEFITS PAY$753,446
Pension Withdrawal Liability$75,217
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 was reviewed in detail with the key members of the fund's management and a copy of the return was made available to the board of trustees. After the detailed review, the return was approved for filing with the internal revenue service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The process by which the policy is monitored and enforced includes recommended attendance at continuing professional education conferences and seminars that discuss, among many things, sound fiduciary practices and policies, as well as through internal training sessions that are mandated for all new trustees, and on-going communications at executive board and board of trustees meetings.

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

The fund makes its governing documents and financial statements available to the public upon request. Once a request is made, the management of the fund arranges a mutually convenient meetings to review all requested information to the requested parties' satisfaction.

Filing and Contact Details

Filer

Filer Name
District Council 37 Benefits Fund Trust
EIN
13-2988369
Phone
2128151294
Address
125 BARCLAY STREET, NEW YORK, NY 10007

Signing Officer

Name
Oliver Gray
Title
Trustee
Signed
2017-04-11
Discuss with paid preparer
Yes

Organization Details

Formed
1979
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
26

Preparer

Firm
Manfre CPA Pc
Address
84 Business Park Dr Ste 206, Armonk, NY 10504
Preparer
Joseph E Manfre CPA
Phone
9147300700
Supplemental Narrative

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

Funds from two local unions for health and severance benefits are maintained in separate accounts held by the trust as custodian.

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

Investment fees $167900

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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/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0COLLECTION AND DISTRIBUTION OF FUNDS TO OTHER RELATED TAX-EXEMPT HEALTH AND WELFARE BENEFIT PLANS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0208340626
IRS990/NetAssetsOrFundBalancesEOYAmt0188576802
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt012887242
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt012887242
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2509939
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt01991
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt02781321
IRS990/OtherAssetsTotalGrp/EOYAmt0158363
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0548558
IRS990/OtherExpensesGrp/Desc0ALLOCATION OF CONTRIBUTION
IRS990/OtherExpensesGrp/Desc1INVESMENT EXPENSE
IRS990/OtherExpensesGrp/Desc2WRITEDOWN OF FEMA RECEIVABLE
IRS990/OtherExpensesGrp/Desc3INSURANCE
IRS990/OtherExpensesGrp/TotalAmt0269657053
IRS990/OtherExpensesGrp/TotalAmt1167900
IRS990/OtherExpensesGrp/TotalAmt2127736
IRS990/OtherExpensesGrp/TotalAmt3112685
IRS990/OtherLiabilitiesGrp/BOYAmt046960974
IRS990/OtherLiabilitiesGrp/EOYAmt046833493
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0244069
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01036073
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01071190
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/BusinessCd1525100
IRS990/ProgramServiceRevenueGrp/BusinessCd2525100
IRS990/ProgramServiceRevenueGrp/Desc0COBRA
IRS990/ProgramServiceRevenueGrp/Desc1EMPLOYER CONTRIBUTION
IRS990/ProgramServiceRevenueGrp/Desc2NET REAL ESTATE ACTIVITY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0815098
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1240125542
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0815098
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1240125542
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03559454
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04299278
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0248642161
IRS990/PYProgramServiceRevenueAmt0239857686
IRS990/PYRevenuesLessExpensesAmt0-1865580
IRS990/PYSalariesCompEmpBnftPaidAmt0939837
IRS990/PYTotalExpensesAmt0249581998
IRS990/PYTotalRevenueAmt0247716418
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-17253885
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0208340626
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0188576802
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02049440
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04294146
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03216599
IRS990ScheduleD/BuildingsGrp/DepreciationAmt013607656
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016824255
IRS990ScheduleD/EquipmentGrp/BookValueAmt0212140
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0690956
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0903096
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0167900
IRS990ScheduleD/ExpensesSubtotalAmt0270979959
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0167900
IRS990ScheduleD/LandGrp/BookValueAmt03614164
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03614164
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt017606
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt088036
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0105642
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2509939
IRS990ScheduleD/OtherExpensesNotIncludedAmt0167900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt042228085
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1753446
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23776745
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt375217
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATED FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1EMPLOYEE'S ACCUMULATED BENEFITS PAY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NET OPEB OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PENSION WITHDRAWAL LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt0-2509939
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0167900
IRS990ScheduleD/RevenueSubtotalAmt0253726074
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDS FROM TWO LOCAL UNIONS FOR HEALTH AND SEVERANCE BENEFITS ARE MAINTAINED IN SEPARATE ACCOUNTS HELD BY THE TRUST AS CUSTODIAN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Investment fees $167900
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b: Explanation of escrow account liability
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07060509
IRS990ScheduleD/TotalExpensesPerForm990Amt0271147859
IRS990ScheduleD/TotalLiabilityAmt046833493
IRS990ScheduleD/TotalRevenuePerForm990Amt0253893974
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0251216135
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0270979959
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0133318
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1410803
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt021250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt19303
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FRANCISCO MORALES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RALPH PEPE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Superintendent
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Real Estate Mgr
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0154568
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1420106
IRS990ScheduleJ/SeverancePaymentInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED IN DETAIL WITH THE KEY MEMBERS OF THE FUND'S MANAGEMENT AND A COPY OF THE RETURN WAS MADE AVAILABLE TO THE BOARD OF TRUSTEES. AFTER THE DETAILED REVIEW, THE RETURN WAS APPROVED FOR FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PROCESS BY WHICH THE POLICY IS MONITORED AND ENFORCED INCLUDES RECOMMENDED ATTENDANCE AT CONTINUING PROFESSIONAL EDUCATION CONFERENCES AND SEMINARS THAT DISCUSS, AMONG MANY THINGS, SOUND FIDUCIARY PRACTICES AND POLICIES, AS WELL AS THROUGH INTERNAL TRAINING SESSIONS THAT ARE MANDATED FOR ALL NEW TRUSTEES, AND ON-GOING COMMUNICATIONS AT EXECUTIVE BOARD AND BOARD OF TRUSTEES MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FUND MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ONCE A REQUEST IS MADE, THE MANAGEMENT OF THE FUND ARRANGES A MUTUALLY CONVENIENT MEETINGS TO REVIEW ALL REQUESTED INFORMATION TO THE REQUESTED PARTIES' SATISFACTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
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/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd4false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd5false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd6false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd7false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd8false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd9false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd11false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd12false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd13false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd14false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd15false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt3NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt4NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt5NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt6NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt7NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt8NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt9NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt10NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt11NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt12NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt13NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt14NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt15NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$888$102$787$313$227$86.3
2023Detailed filing. Detailed filing data is available for this year.$751$89.4$662$292$235$56.9
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$666$85.9$580$300$242$57.9
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$659$75.0$584$339$247$92.5
2020Detailed filing. Detailed filing data is available for this year.$551$74.1$477$322$235$86.8
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$433$70.6$362$309$232$77.2
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$334$71.3$262$288$243$45.4
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$281$72.0$209$284$268$15.0
2016Detailed filing. Detailed filing data is available for this year.$243$54.7$189$254$271$17.3
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$261$52.5$208$248$250$1.87
2014Detailed filing. Detailed filing data is available for this year.$261$54.0$207$242$252$9.99
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$261$54.8$206$231$234$3.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$245$46.4$199$266
2011Summary only. Only limited summary data is available for this year.$246$26.1$220$238$265$26.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$257$28.3$228$258