Civic Intelligence

Bakery Drivers Local 550 and Industry

EIN 13-5623780 • 501(c)9 • Floral Park, NY

Profile

The fund was created for the exclusive purpose of providing such health and welfare benefits for employees and their dependents as determined by the trustees in accordance with the trust agreement.

99 Tulip Avenue No 402Floral Park, NY 11001

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.06x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)9 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

0.35x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)9 • $500k-$1M nonprofits • Source year 2021

Net Margin

4th percentile

-523%

Higher net margin than 4% of similar nonprofits.

501(c)9 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

21st percentile

-49%

Faster asset growth than 21% of similar nonprofits.

501(c)9 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-85%

Faster revenue growth than 4% of similar nonprofits.

501(c)9 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$638,863

Down $613,280 (-49%) from 2020

Liabilities

Down

$40,157

Down $13,718 (-25%) from 2020

Net Assets

Down

$598,706

Down $599,562 (-50%) from 2020

Revenue

Down

$114,634

Down $642,827 (-85%) from 2020

Expenses

Up

$714,196

Up $205,648 (+40%) from 2020

Net Income

Down

-$599,562

Down $848,475 (-341%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,290,187Liabilities 2011: $82,211Net Assets 2011: $3,207,9762011Assets 2012: $2,876,711Liabilities 2012: $52,863Net Assets 2012: $2,823,8482012Assets 2013: $1,867,186Liabilities 2013: $72,419Net Assets 2013: $1,794,7672013Assets 2014: $1,414,734Liabilities 2014: $61,996Net Assets 2014: $1,352,7382014Assets 2015: $883,846Liabilities 2015: $50,410Net Assets 2015: $833,4362015Assets 2016: $795,913Liabilities 2016: $47,655Net Assets 2016: $748,2582016Assets 2017: $582,793Liabilities 2017: $35,256Net Assets 2017: $547,5372017Assets 2018: $758,072Liabilities 2018: $56,428Net Assets 2018: $701,6442018Assets 2019: $1,003,162Liabilities 2019: $53,807Net Assets 2019: $949,3552019Assets 2020: $1,252,143Liabilities 2020: $53,875Net Assets 2020: $1,198,2682020Assets 2021: $638,863Liabilities 2021: $40,157Net Assets 2021: $598,7062021

Highlighted filing

2021

Assets$638,863
Liabilities$40,157
Net Assets$598,706

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $8,610,803Expenses 2011: $8,778,881Net Income 2011: -$168,0782011Expenses 2012: $9,118,4232012Expenses 2013: $5,396,4472013Revenue 2014: $3,607,168Expenses 2014: $4,023,681Net Income 2014: -$416,5132014Revenue 2015: $3,387,812Expenses 2015: $3,750,246Net Income 2015: -$362,4342015Revenue 2016: $1,557,358Expenses 2016: $1,642,536Net Income 2016: -$85,1782016Revenue 2017: $690,874Expenses 2017: $891,595Net Income 2017: -$200,7212017Revenue 2018: $691,778Expenses 2018: $537,671Net Income 2018: $154,1072018Revenue 2019: $736,013Expenses 2019: $488,302Net Income 2019: $247,7112019Revenue 2020: $757,461Expenses 2020: $508,548Net Income 2020: $248,9132020Revenue 2021: $114,634Expenses 2021: $714,196Net Income 2021: -$599,5622021

Highlighted filing

2021

Revenue$114,634
Expenses$714,196
Net Income-$599,562

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Jul 26, 2022
Return Version
2020v4.2
Gross Receipts
$114,634
Mission and Program Overview

Mission

The fund was created for the exclusive purpose of providing such health and welfare benefits for employees and their dependents as determined by the trustees in accordance with the trust agreement.

The organization's primary exempt purpose is to provide medical reimbursement,dental, optical,death, life, accidental death and dismemberment and disability income benefits to eligible participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,198,268$598,706▼ $599,562
Cash and Non-Interest-Bearing Accounts$1,096,093$580,510▼ $515,583
Accounts Receivable$68,650--
Prepaid Expenses and Deferred Charges$646$3,586▲ $2,940
Land, Buildings, and Equipment, Net$1,356--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,252,143$638,863▼ $613,280
Other Assets Total$85,398$54,767▼ $30,631
Liabilities
Accounts Payable and Accrued Expenses$29,540$35,000▲ $5,460
Other Liabilities$24,335$5,157▼ $19,178
Total Liabilities$53,875$40,157▼ $13,718
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,198,268$598,706▼ $599,562
Total Liabilities and Net Assets / Fund Balance$1,252,143$638,863▼ $613,280

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$54,767--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Camille LuisiFund AdministratorFT$126,923$39,772$166,695

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$110,342
Investment Income
$0
Other Revenue
$4,292
Change in Net Assets
$-599,562

Audited Revenue Reconciliation

Revenue per Audited Statements
$114,634
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$114,634
Total Revenue per Form 990
$114,634
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$605,061
Salaries, Compensation, and Employee Benefits$37,799
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$71,336
Fees for Services Accounting---$42,050
Fees for Services Legal---$16,800
Current Officers, Directors, Trustees, and Key Employees---$15,431
Other Salaries and Wages---$15,091
Fees for Services Other---$15,000
Occupancy---$4,367
Office Expenses---$4,359
Other Employee Benefits---$2,999
Other Expenses---$2,614
Pension Plan Contributions---$2,291
Payroll Taxes---$1,987
Insurance---$1,461
Depreciation Depletion---$562
Total Functional Expenses$0$0$0$714,196

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$714,196
Total Expenses per Audited Statements$714,196
Total Expenses per Form 990$714,196
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Bakery Drivers Local 550 and Industry Pension Fund$5,157
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 35% controlled entity
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The fund did not have any committees with authority to act on behalf of the board of trustees during the year ended october 31, 2021.

Form 990, Part VI, Section B, Line 11B

The fund's independent auditor prepares the form 990. The form is given to the board of trustees and fund administrator who review it prior to its filing.

Form 990, Part VI, Section B, Line 12C

On an annual basis the trustees are asked to verify that no conflicts of interest exist.

Form 990, Part VI, Section C, Line 19

The financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Bakery Drivers Local 550 and Industry
EIN
13-5623780
Phone
5167476884
Address
99 TULIP AVENUE NO 402, FLORAL PARK, NY 11001

Signing Officer

Name
Michael Spinelli
Title
Trustee
Phone
5167476884
Signed
2022-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Demos P Demopoulos
Formed
1953
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
0

Preparer

Firm
Buchbinder Tunick & Co Llp
Address
ONE PENN PLAZA - SUITE 3200, NEW YORK, NY 10119-0002
Phone
2126955003
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The board of trustees assumes responsibility for oversight of the audit and the selection of the independent auditor.

Financial Statement Notes

PART X, LINE 2:

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 the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The plan administrator has analyzed the tax positions taken by the plan, and has concluded that as of october 31, 2021, 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. Employee benefit plans are subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress for the plan. The plan administrator believes it is no longer subject to income tax examinations for years prior to 2018.

Raw XML Appendix388 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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt022404
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CAMILLE LUISI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FUND ADMINISTRATOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0166695
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FUND DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES DURING THE YEAR ENDED OCTOBER 31, 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND'S INDEPENDENT AUDITOR PREPARES THE FORM 990. THE FORM IS GIVEN TO THE BOARD OF TRUSTEES AND FUND ADMINISTRATOR WHO REVIEW IT PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ON AN ANNUAL BASIS THE TRUSTEES ARE ASKED TO VERIFY THAT NO CONFLICTS OF INTEREST EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0BIMBO BAKERIES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1ENTENMANN'S INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BAKERY DRIVERS LOCAL 550 AND INDUSTRY PENSION FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1TEAMSTERS BAKERY DRIVERS AND INUSTRY PENSION FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0136626195
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1814551030
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0401(A)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1401(A)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE PENSION BENEFITS TO ELIGIBLE MEMBERS AND BENEFICIARIES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO PROVIDE PENSION BENEFITS TO ELIGIBLE MEMBERS AND BENEFICIARIES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt099 TULIP AVENUE - SUITE 402
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt199 TULIP AVENUE - SUITE 402
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FLORAL PARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1FLORAL PARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd011001
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd111001
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01252143
IRS990/TotalAssetsEOYAmt0638863
IRS990/TotalAssetsGrp/BOYAmt01252143
IRS990/TotalAssetsGrp/EOYAmt0638863
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt0714196
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt053875
IRS990/TotalLiabilitiesEOYAmt040157
IRS990/TotalLiabilitiesGrp/BOYAmt053875
IRS990/TotalLiabilitiesGrp/EOYAmt040157
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01198268
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0598706
IRS990/TotalOtherCompensationAmt039772
IRS990/TotalProgramServiceRevenueAmt0110342
IRS990/TotalReportableCompFromOrgAmt0126923
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0114634
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0114634
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01252143
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0638863
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt099 TULIP AVENUE NO 402
IRS990/USAddress/CityNm0FLORAL PARK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011001
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SPINELLI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum05167476884
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-07-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BAKERY DRIVERS LOCAL 550 AND INDUSTRY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HEALTH BENEFITS FUND
ReturnHeader/Filer/BusinessNameControlTxt0BAKE
ReturnHeader/Filer/EIN0135623780
ReturnHeader/Filer/PhoneNum05167476884
ReturnHeader/Filer/USAddress/AddressLine1Txt099 TULIP AVENUE NO 402
ReturnHeader/Filer/USAddress/CityNm0FLORAL PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011001
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131578842
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUCHBINDER TUNICK & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE PENN PLAZA - SUITE 3200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0101190002
ReturnHeader/PreparerPersonGrp/PhoneNum02126955003
ReturnHeader/ReturnTs02022-07-26T10:05:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SPINELLI
ReturnHeader/TaxPeriodBeginDt02020-11-01
ReturnHeader/TaxPeriodEndDt02021-10-31
ReturnHeader/TaxYr02020

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