Civic Intelligence

Operative Plasters & Cement Masons International Association Local 262 Appr

990 • Fiscal year 2015 • EIN 13-3254613

Oct 01, 2014 to Sep 30, 2015 • Filed on Apr 13, 2016

3233 Laconia AvenueBronx, NY 10469

(718) 547-5440

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

25th percentile

-8.2%

Higher net margin than 25% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

99th percentile

$195,904

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 96.7% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

38th percentile

-3.4%

Faster asset growth than 38% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

37th percentile

-7.0%

Faster revenue growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$467,031

Down $16,207 (-3.4%) from 2014

Net Assets

Down

$467,031

Down $15,311 (-3.2%) from 2014

Liabilities

Down

$0

Down $896 (-100%) from 2014

Revenue

Down

$202,630

Down $15,143 (-7.0%) from 2014

Expenses

Up

$219,294

Up $75,481 (+52%) from 2014

Net Income

Down

-$16,664

Down $90,624 (-123%) from 2014

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $226,855Liabilities 2010: $1,800Net Assets 2010: $225,0552010Assets 2011: $219,111Liabilities 2011: $6,3712011Assets 2012: $334,235Liabilities 2012: $191Net Assets 2012: $334,0442012Assets 2013: $411,669Liabilities 2013: $872Net Assets 2013: $410,7972013Assets 2014: $483,238Liabilities 2014: $896Net Assets 2014: $482,3422014Assets 2015: $467,031Liabilities 2015: $0Net Assets 2015: $467,0312015Assets 2016: $499,554Liabilities 2016: $369Net Assets 2016: $499,1852016Assets 2017: $556,600Liabilities 2017: $0Net Assets 2017: $556,6002017

Highlighted filing

2015

Assets$467,031
Liabilities$0
Net Assets$467,031

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $261,281Expenses 2010: $330,049Net Income 2010: -$68,7682010Revenue 2011: $194,298Expenses 2011: $206,613Net Income 2011: -$12,3152011Expenses 2012: $99,9162012Revenue 2013: $215,532Expenses 2013: $138,779Net Income 2013: $76,7532013Revenue 2014: $217,773Expenses 2014: $143,813Net Income 2014: $73,9602014Revenue 2015: $202,630Expenses 2015: $219,294Net Income 2015: -$16,6642015Revenue 2016: $312,324Expenses 2016: $279,823Net Income 2016: $32,5012016Revenue 2017: $325,256Expenses 2017: $268,442Net Income 2017: $56,8142017

Highlighted filing

2015

Revenue$202,630
Expenses$219,294
Net Income-$16,664
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Apr 13, 2016
Return Version
2014v6.0
Gross Receipts
$202,630
Mission and Program Overview

Mission

Apprentice training program

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$482,342$467,031▼ $15,311
Savings and Temporary Cash Investments$400,457$391,386▼ $9,071
Land, Buildings, and Equipment, Net$31,313$23,356▼ $7,957
Cash and Non-Interest-Bearing Accounts$16,522$13,616▼ $2,906
Accounts Receivable$13,424$11,821▼ $1,603
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$483,238$467,031▼ $16,207
Other Assets Total$21,522$26,852▲ $5,330
Liabilities
Accounts Payable and Accrued Expenses$896--
Total Liabilities$896$0▼ $896
Net Assets / Fund Balance
Total Net Assets Fund Balance$482,342$467,031▼ $15,311
Total Liabilities and Net Assets / Fund Balance$483,238$467,031▼ $16,207

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,238$30,104$35,342
Equipment$18,118$7,756$25,874
Other Assets Org$1,571--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Carmen BarrassoAdministrator-$99,515$99,515
Dale AlleyneBusiness Agent$7,658$188,246$7,658

Board Members and Trustees

NameTitle
Earl HurdAlt Uno Trustee
Michael PattiEmplyr Trustee
Vincent ColettiEmplyr Trustee
Michael HublerTrustee
Patrick FinleyTrustee
Salvatore DilorenzoAlt Emplyr Trus
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$175,459
Investment Income
$2,962
Other Revenue
$24,209
Change in Net Assets
$-16,664

Audited Revenue Reconciliation

Revenue per Audited Statements
$202,630
Revenue Not Reported on Form 990
$1,353
Total Revenue per Audited Statements
$203,983
Total Revenue per Form 990
$202,630
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$121,043
Other Expenses$98,251
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$61,076--$61,076
Other Employee Benefits$30,910$495-$31,405
Pension Plan Contributions$18,938$220-$19,158
Fees for Services Legal-$18,772-$18,772
Insurance-$12,845-$12,845
Depreciation Depletion$5,175$6,397-$11,572
Occupancy$2,205$6,617-$8,822
Fees for Services Accounting-$7,372-$7,372
Payroll Taxes$5,522$309-$5,831
Office Expenses-$5,531-$5,531
Travel-$4,450-$4,450
Other Salaries and Wages-$3,573-$3,573
Other Expenses$479$1,437-$1,916
Fees for Services Other-$930-$930
Conferences and Meetings-$216-$216
Total Functional Expenses$145,278$74,016$0$219,294

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$219,294
Total Expenses per Audited Statements$219,294
Total Expenses per Form 990$219,294
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
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Employer contributions are made to the fund on behalf of participating members

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The fund has been placed under trusteeship by the international association since march 24, 2005 under article 13, section 2 (a). Until the fund comes out of trusteeship, no elections are being held. Board of trustees consist of two union trustees appointed by the international and two employer trustees.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The fund has been placed in trusteeship since march 24, 2005 and under the control of the international through the appointment of the international trustee in which holds a position on the funds board of trustees. The international trustee continues to develop and implement adequate procedures to ensure that the fund will be able to represent the members and perform the duties of a bargaining representative.

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

Form 990 was sent to the board for review. Upon aproval a waiver is signed, authorizing the electronic submission of the form.

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

The international asociation and international trustee are putting into place adequate, financial safeguards to ensure that the fund has adequate resources to fund the benefits of members and employees.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Increases in compensation are approved by the international trustee and board of trustees and compared to industry standards.

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

Upon request, governing documents, policies and financial statements are made available to the public.

Filing and Contact Details

Filer

Filer Name
Operative Plasters & Cement Masons
EIN
13-3254613
Phone
7185475440
Address
3233 LACONIA AVENUE, BRONX, NY 10469

Signing Officer

Name
Michael Hubler
Title
Trustee
Signed
2016-04-13
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
3

Preparer

Firm
Wagner & Zwerman LLP
Address
450 Wireless Boulevard, Hauppauge, NY 11788
Preparer
Andrew M Zwerman CPA
Phone
6317771000
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Plan administrator has analyzed the tax positions taken by the Plan and has concluded that as of September 30, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions. However, there are currently no audits for any tax periods in progress. The Plan administrator believes that the Plan's returns for the years prior to the year ended September 30, 2012 are no longer open to examination, based on the statutory period for years subject to audit.

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0309
IRS990/PayrollTaxesGrp/ProgramServicesAmt05522
IRS990/PayrollTaxesGrp/TotalAmt05831
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0220
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt018938
IRS990/PensionPlanContributionsGrp/TotalAmt019158
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0175459
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0418
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IRS990/PYOtherExpensesAmt077607
IRS990/PYOtherRevenueAmt013400
IRS990/PYProgramServiceRevenueAmt0203955
IRS990/PYRevenuesLessExpensesAmt073960
IRS990/PYSalariesCompEmpBnftPaidAmt066206
IRS990/PYTotalExpensesAmt0143813
IRS990/PYTotalRevenueAmt0217773
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-16664
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0400457
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0391386
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt07756
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025874
IRS990ScheduleD/ExpensesSubtotalAmt0219294
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05238
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt030104
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt035342
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01353
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01130
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt115600
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt28551
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31571
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATED FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM FORMER EMPLOYEE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PREPAID EXPENSES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt01353
IRS990ScheduleD/RevenueSubtotalAmt0202630
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Plan administrator has analyzed the tax positions taken by the Plan and has concluded that as of September 30, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions. However, there are currently no audits for any tax periods in progress. The Plan administrator believes that the Plan's returns for the years prior to the year ended September 30, 2012 are no longer open to examination, based on the statutory period for years subject to audit.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt026852
IRS990ScheduleD/TotalExpensesPerForm990Amt0219294
IRS990ScheduleD/TotalRevenuePerForm990Amt0202630
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0219294
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Published in Local and City Newspapers and on website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1(b) No scholarships or financial assistance(d) No contributions are solicited
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0107008
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt044771
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt036467
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DALE ALLEYNE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BUSINESS AGENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt07658
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0188246
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EMPLOYER CONTRIBUTIONS ARE MADE TO THE FUND ON BEHALF OF PARTICIPATING MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND HAS BEEN PLACED UNDER TRUSTEESHIP BY THE INTERNATIONAL ASSOCIATION SINCE MARCH 24, 2005 UNDER ARTICLE 13, SECTION 2 (A). UNTIL THE FUND COMES OUT OF TRUSTEESHIP, NO ELECTIONS ARE BEING HELD. BOARD OF TRUSTEES CONSIST OF TWO UNION TRUSTEES APPOINTED BY THE INTERNATIONAL AND TWO EMPLOYER TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FUND HAS BEEN PLACED IN TRUSTEESHIP SINCE MARCH 24, 2005 AND UNDER THE CONTROL OF THE INTERNATIONAL THROUGH THE APPOINTMENT OF THE INTERNATIONAL TRUSTEE IN WHICH HOLDS A POSITION ON THE FUNDS BOARD OF TRUSTEES. THE INTERNATIONAL TRUSTEE CONTINUES TO DEVELOP AND IMPLEMENT ADEQUATE PROCEDURES TO ENSURE THAT THE FUND WILL BE ABLE TO REPRESENT THE MEMBERS AND PERFORM THE DUTIES OF A BARGAINING REPRESENTATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 WAS SENT TO THE BOARD FOR REVIEW. UPON APROVAL A WAIVER IS SIGNED, AUTHORIZING THE ELECTRONIC SUBMISSION OF THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE INTERNATIONAL ASOCIATION AND INTERNATIONAL TRUSTEE ARE PUTTING INTO PLACE ADEQUATE, FINANCIAL SAFEGUARDS TO ENSURE THAT THE FUND HAS ADEQUATE RESOURCES TO FUND THE BENEFITS OF MEMBERS AND EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INCREASES IN COMPENSATION ARE APPROVED BY THE INTERNATIONAL TRUSTEE AND BOARD OF TRUSTEES AND COMPARED TO INDUSTRY STANDARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST, GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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