Civic Intelligence

Insurance Trust Fund Private Sanitation Union Local 813 Ibt

990 • Fiscal year 2016 • EIN 13-5603868

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 27, 2017

45-18 Court Square 6th FloorLong Island City, NY 11101

(718) 937-7150

Siviq Scores

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

Liabilities / Assets

70th percentile

0.20x

Higher debt load relative to assets than 70% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

83rd percentile

0.30x

Higher debt load relative to revenue than 83% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2016

Net Margin

42nd percentile

1.1%

Higher net margin than 42% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

80th percentile

$196,389

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2016

Asset Growth

51st percentile

4.6%

Faster asset growth than 51% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

37th percentile

0.3%

Faster revenue growth than 37% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$39,375,789

Up $1,727,046 (+4.6%) from 2015

Net Assets

Up

$31,396,603

Up $2,151,804 (+7.4%) from 2015

Liabilities

Down

$7,979,186

Down $424,758 (-5.1%) from 2015

Revenue

Up

$26,209,283

Up $86,514 (+0.3%) from 2015

Expenses

Up

$25,927,335

Up $1,561,175 (+6.4%) from 2015

Net Income

Down

$281,948

Down $1,474,661 (-84%) from 2015

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $26,406,744Liabilities 2010: $7,033,869Net Assets 2010: $19,372,8752010Assets 2011: $30,129,263Liabilities 2011: $9,764,254Net Assets 2011: $20,365,0092011Assets 2012: $30,020,920Liabilities 2012: $9,160,231Net Assets 2012: $20,860,6892012Assets 2013: $23,660,850Liabilities 2013: $6,041,444Net Assets 2013: $17,619,4062013Assets 2014: $36,649,000Liabilities 2014: $7,889,336Net Assets 2014: $28,759,6642014Assets 2015: $37,648,743Liabilities 2015: $8,403,944Net Assets 2015: $29,244,7992015Assets 2016: $39,375,789Liabilities 2016: $7,979,186Net Assets 2016: $31,396,6032016Assets 2017: $46,040,454Liabilities 2017: $7,989,579Net Assets 2017: $38,050,8752017Assets 2018: $47,479,785Liabilities 2018: $7,158,014Net Assets 2018: $40,321,7712018Assets 2019: $57,885,632Liabilities 2019: $6,841,081Net Assets 2019: $51,044,5512019Assets 2020: $67,215,599Liabilities 2020: $8,696,356Net Assets 2020: $58,519,2432020Assets 2021: $74,683,469Liabilities 2021: $9,418,030Net Assets 2021: $65,265,4392021Assets 2022: $56,492,545Liabilities 2022: $9,847,174Net Assets 2022: $46,645,3712022Assets 2023: $59,657,048Liabilities 2023: $9,289,653Net Assets 2023: $50,367,3952023Assets 2024: $60,167,844Liabilities 2024: $8,807,896Net Assets 2024: $51,359,9482024

Highlighted filing

2016

Assets$39,375,789
Liabilities$7,979,186
Net Assets$31,396,603

Operations Trend

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

$40M$20M$0-$20MRevenue 2010: $23,043,129Expenses 2010: $22,355,982Net Income 2010: $687,1472010Revenue 2011: $22,677,621Expenses 2011: $22,141,990Net Income 2011: $535,6312011Revenue 2012: $21,904,981Expenses 2012: $22,553,084Net Income 2012: -$648,1032012Revenue 2013: $22,704,216Expenses 2013: $26,654,384Net Income 2013: -$3,950,1682013Revenue 2014: $25,532,973Expenses 2014: $24,258,547Net Income 2014: $1,274,4262014Revenue 2015: $26,122,769Expenses 2015: $24,366,160Net Income 2015: $1,756,6092015Revenue 2016: $26,209,283Expenses 2016: $25,927,335Net Income 2016: $281,9482016Revenue 2017: $26,144,244Expenses 2017: $21,097,058Net Income 2017: $5,047,1862017Revenue 2018: $28,435,677Expenses 2018: $23,273,705Net Income 2018: $5,161,9722018Revenue 2019: $28,920,571Expenses 2019: $23,209,818Net Income 2019: $5,710,7532019Revenue 2020: $26,263,352Expenses 2020: $23,801,610Net Income 2020: $2,461,7422020Revenue 2021: $29,300,659Expenses 2021: $25,592,209Net Income 2021: $3,708,4502021Revenue 2022: $26,322,883Expenses 2022: $34,952,146Net Income 2022: -$8,629,2632022Revenue 2023: $28,621,932Expenses 2023: $27,827,732Net Income 2023: $794,2002023Revenue 2024: $30,193,916Expenses 2024: $31,431,408Net Income 2024: -$1,237,4922024

Highlighted filing

2016

Revenue$26,209,283
Expenses$25,927,335
Net Income$281,948
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 27, 2017
Return Version
2016v3.0
Gross Receipts
$31,843,334
Mission and Program Overview

Mission

To provide health and welfare benefits to eligible union participants and their dependents.

Providing health and welfare benefits to participants covered by collective bargaining agreements.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$33,107,359$33,781,871▲ $674,512
Rtn Earn Endowment Incm Other Fnds$29,244,799$31,396,603▲ $2,151,804
Savings and Temporary Cash Investments$2,191,312$3,687,558▲ $1,496,246
Accounts Receivable$1,302,149$1,434,430▲ $132,281
Cash and Non-Interest-Bearing Accounts$881,700$357,042▼ $524,658
Prepaid Expenses and Deferred Charges$144,637$98,741▼ $45,896
Land, Buildings, and Equipment, Net$21,586$16,147▼ $5,439
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$37,648,743$39,375,789▲ $1,727,046
Other Assets Total-$0-
Liabilities
Other Liabilities$8,316,741$7,863,783▼ $452,958
Accounts Payable and Accrued Expenses$87,203$115,403▲ $28,200
Total Liabilities$8,403,944$7,979,186▼ $424,758
Net Assets / Fund Balance
Total Net Assets Fund Balance$29,244,799$31,396,603▲ $2,151,804
Total Liabilities and Net Assets / Fund Balance$37,648,743$39,375,789▲ $1,727,046

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$16,013$261,453$277,466
Other Land Buildings$134$63,944$64,078
Leasehold Improvements-$59,887$59,887
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
John ZuilkowskiTrustee-$133,463$133,463
John ShehaTrustee-$101,263$101,263
Sean T CampbellTrustee$33,630$5,903$39,533

Board Members and Trustees

NameTitle
Joel KirschenbaumTrustee
Nicholas OrlandoTrustee
Robert TillisTrustee
Sharon HuangFund Manager

Highest Paid Contractors

ContractorServicesLocationCompensation
Aetna Life Insurance CompanyContract Admin.151 FARMINGTON AVENUE, Hartford, CT 06156$903,891
Proskauer Rose LLPLegal1585 BROADWAY, New York, NY 10036$182,883
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$25,079,726
Investment Income
$1,129,557
Other Revenue
$0
Change in Net Assets
$281,948

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,050,299
Revenue Not Reported on Financial Statements
$158,984
Revenue Not Reported on Form 990
$1,869,856
Total Revenue per Audited Statements
$27,920,155
Total Revenue per Form 990
$26,209,283
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$650,607
Salaries, Compensation, and Employee Benefits$466,570
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$24,810,158
Other Salaries and Wages---$277,889
Fees for Services Legal---$182,884
Fees for Service Investment Mgmnt Fees---$158,984
Fees for Services Other---$85,500
Other Employee Benefits---$72,218
Occupancy---$57,195
Pension Plan Contributions---$51,648
Fees for Services Accounting---$50,000
Current Officers, Directors, Trustees, and Key Employees---$39,533
Insurance---$34,085
Payroll Taxes---$25,282
Information Technology---$23,530
Office Expenses---$20,796
Conferences and Meetings---$5,945
Other Expenses---$5,225
Total Functional Expenses$0$0$0$25,927,335

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,219,868
Total Expenses per Audited Statements$26,219,868
Total Expenses per Form 990$25,927,335
Expenses Not Reported on Financial Statements$-292,533
Other Expense Adjustments$-451,517
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
Benefit Obligations$7,863,783
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 return preparer e-mails a copy of the final version of form 990 to the plan administrator who e-mails the filing to each trustee before it is filed. Although no formal detailed review process is anticipated, each trustee has an opportunity to make inquires before and after filing.

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

No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
Insurance Trust Fund Private Sanitation
EIN
13-5603868
Phone
7189377150
Address
45-18 COURT SQUARE 6TH FLOOR, LONG ISLAND CITY, NY 11101

Signing Officer

Name
Sean T Campbell
Title
Trustee
Signed
2017-10-27
Discuss with paid preparer
Yes

Organization Details

Formed
1951
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
3
Employees
0

Preparer

Firm
Steinberg Steckler & Picciurro Cpas
Address
462 7TH AVE 16TH FL, NEW YORK, NY 10018-7606
Preparer
Michael Picciurro
Phone
2126951300
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if it has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan believes it is no longer subject to income tax examinations for years prior to 2013.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SHARON HUANG
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN PREPARER E-MAILS A COPY OF THE FINAL VERSION OF FORM 990 TO THE PLAN ADMINISTRATOR WHO E-MAILS THE FILING TO EACH TRUSTEE BEFORE IT IS FILED. ALTHOUGH NO FORMAL DETAILED REVIEW PROCESS IS ANTICIPATED, EACH TRUSTEE HAS AN OPPORTUNITY TO MAKE INQUIRES BEFORE AND AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
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
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.2$8.81$51.4$30.2$31.4$1.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.7$9.29$50.4$28.6$27.8$0.79
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.5$9.85$46.6$26.3$35.0$8.63
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.7$9.42$65.3$29.3$25.6$3.71
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.2$8.70$58.5$26.3$23.8$2.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.9$6.84$51.0$28.9$23.2$5.71
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.5$7.16$40.3$28.4$23.3$5.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.0$7.99$38.1$26.1$21.1$5.05
2016Detailed filing. Detailed filing data is available for this year.$39.4$7.98$31.4$26.2$25.9$0.28
2015Detailed filing. Detailed filing data is available for this year.$37.6$8.40$29.2$26.1$24.4$1.76
2014Summary only. Only limited summary data is available for this year.$36.6$7.89$28.8$25.5$24.3$1.27
2013Summary only. Only limited summary data is available for this year.$23.7$6.04$17.6$22.7$26.7$3.95
2012Summary only. Only limited summary data is available for this year.$30.0$9.16$20.9$21.9$22.6$0.65
2011Summary only. Only limited summary data is available for this year.$30.1$9.76$20.4$22.7$22.1$0.54
2010Summary only. Only limited summary data is available for this year.$26.4$7.03$19.4$23.0$22.4$0.69
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)9 • $25M-$50M nonprofits