Civic Intelligence

Doctors Council Benefit Plan

990 • Fiscal year 2017 • EIN 13-3387038

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

50 Broadway 11th FLNew York, NY 10004

(212) 532-5995

Siviq Scores

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

Liabilities / Assets

99th percentile

2.25x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

0.50x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Net Margin

15th percentile

-19%

Higher net margin than 15% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Asset Growth

9th percentile

-29%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

0.1%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$585,118

Down $239,591 (-29%) from 2016

Net Assets

Down

-$728,482

Down $485,259 (-200%) from 2016

Liabilities

Up

$1,313,600

Up $245,668 (+23%) from 2016

Revenue

Up

$2,609,153

Up $1,727 (+0.1%) from 2016

Expenses

Up

$3,111,982

Up $405,020 (+15%) from 2016

Net Income

Down

-$502,829

Down $403,293 (-405%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2010: $1,183,362Liabilities 2010: $112,065Net Assets 2010: $1,071,2972010Assets 2011: $1,527,900Liabilities 2011: $206,513Net Assets 2011: $1,321,3872011Assets 2012: $1,370,556Liabilities 2012: $360,817Net Assets 2012: $1,009,7392012Assets 2013: $1,109,666Liabilities 2013: $363,371Net Assets 2013: $746,2952013Assets 2014: $794,562Liabilities 2014: $647,400Net Assets 2014: $147,1622014Assets 2015: $462,491Liabilities 2015: $610,946Net Assets 2015: -$148,4552015Assets 2016: $824,709Liabilities 2016: $1,067,932Net Assets 2016: -$243,2232016Assets 2017: $585,118Liabilities 2017: $1,313,600Net Assets 2017: -$728,4822017Assets 2018: $723,891Liabilities 2018: $1,720,785Net Assets 2018: -$996,8942018Assets 2019: $1,199,045Liabilities 2019: $1,196,112Net Assets 2019: $2,9332019Assets 2020: $3,012,320Liabilities 2020: $687,624Net Assets 2020: $2,324,6962020Assets 2021: $4,484,247Liabilities 2021: $719,088Net Assets 2021: $3,765,1592021Assets 2022: $5,930,767Liabilities 2022: $668,734Net Assets 2022: $5,262,0332022Assets 2023: $8,045,456Liabilities 2023: $795,485Net Assets 2023: $7,249,9712023Assets 2024: $9,872,501Liabilities 2024: $869,290Net Assets 2024: $9,003,2112024

Highlighted filing

2017

Assets$585,118
Liabilities$1,313,600
Net Assets-$728,482

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $998,5852010Revenue 2011: $1,785,133Expenses 2011: $1,593,027Net Income 2011: $192,1062011Expenses 2012: $2,662,9102012Revenue 2013: $2,228,147Expenses 2013: $2,491,591Net Income 2013: -$263,4442013Revenue 2014: $2,176,762Expenses 2014: $2,775,895Net Income 2014: -$599,1332014Revenue 2015: $2,433,221Expenses 2015: $2,721,572Net Income 2015: -$288,3512015Revenue 2016: $2,607,426Expenses 2016: $2,706,962Net Income 2016: -$99,5362016Revenue 2017: $2,609,153Expenses 2017: $3,111,982Net Income 2017: -$502,8292017Revenue 2018: $2,501,223Expenses 2018: $2,749,483Net Income 2018: -$248,2602018Revenue 2019: $3,543,242Expenses 2019: $2,583,359Net Income 2019: $959,8832019Revenue 2020: $4,272,389Expenses 2020: $2,034,297Net Income 2020: $2,238,0922020Revenue 2021: $4,432,659Expenses 2021: $3,049,934Net Income 2021: $1,382,7252021Revenue 2022: $4,319,005Expenses 2022: $2,540,528Net Income 2022: $1,778,4772022Revenue 2023: $4,561,556Expenses 2023: $2,793,786Net Income 2023: $1,767,7702023Revenue 2024: $4,583,223Expenses 2024: $3,146,552Net Income 2024: $1,436,6712024

Highlighted filing

2017

Revenue$2,609,153
Expenses$3,111,982
Net Income-$502,829
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.2
Gross Receipts
$2,646,696
Mission and Program Overview

Mission

To provide health and welfare benefits to plan participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$429,827$496,567▲ $66,740
Land, Buildings, and Equipment, Net$58,279$59,701▲ $1,422
Savings and Temporary Cash Investments$56,017$11,734▼ $44,283
Accounts Receivable$49,775$10,435▼ $39,340
Cash and Non-Interest-Bearing Accounts$230,570$5,576▼ $224,994
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-
Prepaid Expenses and Deferred Charges-$0-
Rtn Earn Endowment Incm Other Fnds$-243,223$-728,482▼ $485,259
Total Assets$824,709$585,118▼ $239,591
Other Assets Total$241$1,105▲ $864
Liabilities
Other Liabilities$966,850$1,042,789▲ $75,939
Deferred Revenue-$170,492-
Accounts Payable and Accrued Expenses$101,082$100,319▼ $763
Total Liabilities$1,067,932$1,313,600▲ $245,668
Net Assets / Fund Balance
Total Net Assets Fund Balance$-243,223$-728,482▼ $485,259
Total Liabilities and Net Assets / Fund Balance$824,709$585,118▼ $239,591

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$59,701$28,014$87,715
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Frank ProsciaChairman
Dr Dorian RoyeTrustee
Joseph MonteleoneTrustee
Daniel DonnellanAdministrator

Highest Paid Contractors

ContractorServicesLocationCompensation
Pryor Cashman LLPPrepaid lgl benefit7 Times Square, New York, NY 10036-6569$110,238
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,583,183
Investment Income
$8,384
Other Revenue
$17,586
Change in Net Assets
$-502,829

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,609,153
Revenue Not Reported on Form 990
$14,884
Total Revenue per Audited Statements
$2,624,037
Total Revenue per Form 990
$2,609,153
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$402,774
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---$2,709,208
Other Expenses---$231,621
Fees for Services Other---$93,422
Fees for Services Accounting---$26,700
Information Technology---$20,105
Depreciation Depletion---$16,358
Fees for Services Legal---$9,552
Fees for Service Investment Mgmnt Fees---$2,686
Office Expenses---$1,132
Insurance---$879
Conferences and Meetings---$319
Total Functional Expenses$0$0$0$3,111,982

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,111,982
Expenses per Audited Statements$2,967,350
Total Expenses per Audited Statements$2,964,664
Expenses Not Reported on Financial Statements$144,632
Other Expense Adjustments$144,632
Expenses Not Reported on Form 990$-2,686
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-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Benefit Obligations$863,032
Due to Related Organizations$179,757
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
No
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 form 990 is prepared by the accounting firm of gould kobrick & schlapp, p.c. From information provided by the plan and it is reviewed by the administrator and all trustees prior to filing.

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

The fund does not make these documents available to general public. The fund provides copies of financial statements, government filings and other governing documents to those participants who submit written requests.

Filing and Contact Details

Filer

Filer Name
Doctors Council Benefit Plan
EIN
13-3387038
Phone
2125325995
Address
50 BROADWAY 11TH FL, NEW YORK, NY 10004

Signing Officer

Name
Dr Frank Proscia
Title
Chairman
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Frank Proscia
Formed
1989
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
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
Supplemental Narrative

Financial Statement Notes

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

Change in benefit obligation $144632

Raw XML Appendix386 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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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0144632
IRS990ScheduleD/ExpensesSubtotalAmt02967350
IRS990ScheduleD/NetUnrealizedGainsInvstAmt017570
IRS990ScheduleD/OtherExpensesIncludedAmt0-2686
IRS990ScheduleD/OtherExpensesNotIncludedAmt0144632
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt059701
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028014
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt087715
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0863032
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1179757
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BENEFIT OBLIGATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED ORGANIZATIONS
IRS990ScheduleD/OtherRevenueAmt0-2686
IRS990ScheduleD/RevenueNotReportedAmt014884
IRS990ScheduleD/RevenueSubtotalAmt02609153
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Change in benefit obligation $144632
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt059701
IRS990ScheduleD/TotalExpensesPerForm990Amt03111982
IRS990ScheduleD/TotalLiabilityAmt01042789
IRS990ScheduleD/TotalRevenuePerForm990Amt02609153
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02624037
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02964664
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY THE ACCOUNTING FIRM OF GOULD KOBRICK & SCHLAPP, P.C. FROM INFORMATION PROVIDED BY THE PLAN AND IT IS REVIEWED BY THE ADMINISTRATOR AND ALL TRUSTEES PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND DOES NOT MAKE THESE DOCUMENTS AVAILABLE TO GENERAL PUBLIC. THE FUND PROVIDES COPIES OF FINANCIAL STATEMENTS, GOVERNMENT FILINGS AND OTHER GOVERNING DOCUMENTS TO THOSE PARTICIPANTS WHO SUBMIT WRITTEN REQUESTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DOCTORS COUNCIL ANNUITY FUND 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0134142891
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(A)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE ANNUITY BENEFITS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt050 BROADWAY 11TH FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010004
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0824709
IRS990/TotalAssetsEOYAmt0585118
IRS990/TotalAssetsGrp/BOYAmt0824709
IRS990/TotalAssetsGrp/EOYAmt0585118
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03111982
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01067932
IRS990/TotalLiabilitiesEOYAmt01313600
IRS990/TotalLiabilitiesGrp/BOYAmt01067932
IRS990/TotalLiabilitiesGrp/EOYAmt01313600
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-243223
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-728482
IRS990/TotalProgramServiceRevenueAmt02583183
IRS990/TotalRevenueGrp/ExclusionAmt08384
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02600769
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02609153
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0824709
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0585118
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt050 BROADWAY 11TH FL
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd0100043847
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.doctorscouncil.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR FRANK PROSCIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DOCTORS COUNCIL BENEFIT PLAN
ReturnHeader/Filer/BusinessNameControlTxt0DOCT
ReturnHeader/Filer/EIN0133387038
ReturnHeader/Filer/PhoneNum02125325995
ReturnHeader/Filer/USAddress/AddressLine1Txt050 BROADWAY 11TH FL
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010004
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133082707
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOULD KOBRICK & SCHLAPP PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03 PARK AVE 14TH FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100165902
ReturnHeader/PreparerPersonGrp/PhoneNum02125649451
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steven T Schlapp
ReturnHeader/ReturnTs02018-05-15T11:07:11-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.87$0.87$9.00$4.58$3.15$1.44
2023Detailed filing. Detailed filing data is available for this year.$8.05$0.80$7.25$4.56$2.79$1.77
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.93$0.67$5.26$4.32$2.54$1.78
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.48$0.72$3.77$4.43$3.05$1.38
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.01$0.69$2.32$4.27$2.03$2.24
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$1.20$0.00$3.54$2.58$0.96
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$1.72$1.00$2.50$2.75$0.25
2017Detailed filing. Detailed filing data is available for this year.$0.59$1.31$0.73$2.61$3.11$0.50
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$1.07$0.24$2.61$2.71$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.46$0.61$0.15$2.43$2.72$0.29
2014Detailed filing. Detailed filing data is available for this year.$0.79$0.65$0.15$2.18$2.78$0.60
2013Summary only. Only limited summary data is available for this year.$1.11$0.36$0.75$2.23$2.49$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.36$1.01$2.66
2011Summary only. Only limited summary data is available for this year.$1.53$0.21$1.32$1.79$1.59$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.11$1.07$1.00