Civic Intelligence

Nysa-Ila Welfare Fund

990 • Fiscal year 2016 • EIN 13-5638505

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 25, 2017

10 Exchange Place Suite 1400Jersey City, NJ 07302

(201) 479-3605

Siviq Scores

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

Liabilities / Assets

87th percentile

0.49x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

0.37x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Net Margin

7th percentile

-37%

Higher net margin than 7% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

87th percentile

$217,887

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Asset Growth

5th percentile

-33%

Faster asset growth than 5% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

99th percentile

254%

Faster revenue growth than 99% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$8,703,337

Down $4,340,829 (-33%) from 2015

Net Assets

Down

$4,434,832

Down $4,313,486 (-49%) from 2015

Liabilities

Down

$4,268,505

Down $27,343 (-0.6%) from 2015

Revenue

Up

$11,684,386

Up $8,384,391 (+254%) from 2015

Expenses

Up

$15,997,872

Up $1,233,850 (+8.4%) from 2015

Net Income

Up

-$4,313,486

Up $7,150,541 (+62%) from 2015

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $33,869,471Liabilities 2010: $13,892,339Net Assets 2010: $19,977,1322010Assets 2011: $32,756,864Liabilities 2011: $12,711,831Net Assets 2011: $20,045,0332011Assets 2012: $30,896,746Liabilities 2012: $10,790,713Net Assets 2012: $20,106,0332012Assets 2013: $31,703,652Liabilities 2013: $11,541,307Net Assets 2013: $20,162,3452013Assets 2014: $24,519,394Liabilities 2014: $4,307,049Net Assets 2014: $20,212,3452014Assets 2015: $13,044,166Liabilities 2015: $4,295,848Net Assets 2015: $8,748,3182015Assets 2016: $8,703,337Liabilities 2016: $4,268,505Net Assets 2016: $4,434,8322016Assets 2017: $6,692,903Liabilities 2017: $1,743,365Net Assets 2017: $4,949,5382017Assets 2018: $4,809,552Liabilities 2018: $1,780,447Net Assets 2018: $3,029,1052018Assets 2019: $4,165,129Liabilities 2019: $1,952,826Net Assets 2019: $2,212,3032019Assets 2020: $7,200,947Liabilities 2020: $1,921,325Net Assets 2020: $5,279,6222020Assets 2021: $7,529,228Liabilities 2021: $2,682,372Net Assets 2021: $4,846,8562021Assets 2022: $10,816,202Liabilities 2022: $3,170,421Net Assets 2022: $7,645,7812022Assets 2023: $11,537,085Liabilities 2023: $3,563,892Net Assets 2023: $7,973,1932023Assets 2024: $11,902,487Liabilities 2024: $3,928,352Net Assets 2024: $7,974,1352024

Highlighted filing

2016

Assets$8,703,337
Liabilities$4,268,505
Net Assets$4,434,832

Operations Trend

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

$100M$50M$0-$50MExpenses 2010: $71,698,5832010Expenses 2011: $64,898,6312011Expenses 2012: $63,514,0922012Revenue 2013: $63,913,372Expenses 2013: $63,857,060Net Income 2013: $56,3122013Revenue 2014: $15,076,877Expenses 2014: $15,026,877Net Income 2014: $50,0002014Revenue 2015: $3,299,995Expenses 2015: $14,764,022Net Income 2015: -$11,464,0272015Revenue 2016: $11,684,386Expenses 2016: $15,997,872Net Income 2016: -$4,313,4862016Revenue 2017: $15,573,670Expenses 2017: $15,058,964Net Income 2017: $514,7062017Revenue 2018: $12,089,666Expenses 2018: $14,010,099Net Income 2018: -$1,920,4332018Revenue 2019: $13,957,693Expenses 2019: $14,774,495Net Income 2019: -$816,8022019Revenue 2020: $17,425,581Expenses 2020: $14,358,262Net Income 2020: $3,067,3192020Revenue 2021: $15,752,237Expenses 2021: $16,185,003Net Income 2021: -$432,7662021Revenue 2022: $20,224,051Expenses 2022: $17,425,126Net Income 2022: $2,798,9252022Revenue 2023: $17,576,587Expenses 2023: $17,249,175Net Income 2023: $327,4122023Revenue 2024: $18,614,281Expenses 2024: $18,613,339Net Income 2024: $9422024

Highlighted filing

2016

Revenue$11,684,386
Expenses$15,997,872
Net Income-$4,313,486
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 25, 2017
Return Version
2016v3.0
Gross Receipts
$11,684,386
Mission and Program Overview

Mission

The fund is a multi-employer welfare employee benefit plan established pursuant to the collective bargaining agreement between the new york shipping association and the international longshoremen's association.

The fund is a multi-employer welfare employee benefit plan established pursuant to the collective bargaining agreement between the new york shipping assocation and the international longshoremen's assocation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$8,748,318$4,434,832▼ $4,313,486
Cash and Non-Interest-Bearing Accounts$1,356,682$4,305,185▲ $2,948,503
Investments in Publicly Traded Securities$10,248,729$3,799,645▼ $6,449,084
Savings and Temporary Cash Investments$500,613$501,608▲ $995
Accounts Receivable$938,142$96,899▼ $841,243
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$13,044,166$8,703,337▼ $4,340,829
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$4,295,848$4,268,505▼ $27,343
Total Liabilities$4,295,848$4,268,505▼ $27,343
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,748,318$4,434,832▼ $4,313,486
Total Liabilities and Net Assets / Fund Balance$13,044,166$8,703,337▼ $4,340,829
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lorraine InzettaClaims ManagerFT$194,387$23,500$217,887
Thomas OmiatekSr AdministratorFT$193,024$23,500$216,524
Maria PeredaWelfare DirectorFT$189,566$23,500$213,066
George LynchEmployee Asst AdmFT$140,270$23,500$163,770

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Managed Health Care Trust FundHealth Benefits111 BROADWAY, New York, NY 10006$5,936,342
MetlifeInsurance ProviderMELLON BANK - DEPT CH 10579, Chicago, IL 60055$4,239,615
The Lambos Firm LLPLegal Services303 SOUTH BROADWAY - SUITE 410, Tarrytown, NY 10591$229,402
Marrinan & Mazzola Mardon PCLegal Services26 BROADWAY, New York, NY 10004$137,675
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,457,227
Investment Income
$19,439
Other Revenue
$207,720
Change in Net Assets
$-4,313,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,684,386
Total Revenue per Audited Statements
$11,684,386
Total Revenue per Form 990
$11,684,386
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,613,587
Other Expenses$1,470,656
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$12,913,629
Other Salaries and Wages---$1,057,497
Fees for Services Legal---$349,685
Other Employee Benefits---$286,881
Pension Plan Contributions---$197,779
Payroll Taxes---$71,430
Fees for Services Other---$42,778
Fees for Services Accounting---$26,521
Office Expenses---$21,762
Insurance---$7,763
Other Expenses---$2,506
All Other Expenses---$522
Total Functional Expenses$0$0$0$15,997,872

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,997,872
Total Expenses per Audited Statements$15,997,872
Total Expenses per Form 990$15,997,872
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
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 2: Description of Business or Family Relationship of Officers, Directors, Et

Dennis Daggett, Alternate Trustee, is the son of Harold Daggett, a Trustee of this Fund

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

No review was or will be conducted.

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

Financial information is posted on the website of the department of labor. Copies are available upon request made to the office of the treasurer and can also be inspected at the office of the treasurer.

Filing and Contact Details

Filer

Filer Name
Nysa-ila Welfare Fund
EIN
13-5638505
Phone
2014793605
Address
10 EXCHANGE PLACE SUITE 1400, JERSEY CITY, NJ 07302

Signing Officer

Name
Dominick Gaudioso
Title
Treasurer
Signed
2017-10-25

Organization Details

Formed
1957
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
350
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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/Form990PartVIISectionAGrp/PersonNm9CHRIS WESCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm10HAROLD DAGGETT
IRS990/Form990PartVIISectionAGrp/PersonNm11RICHARD SUAREZ
IRS990/Form990PartVIISectionAGrp/PersonNm12KURT MITTENZWEI
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm14ROBERT MILAZZO
IRS990/Form990PartVIISectionAGrp/PersonNm15DAVID CICALESE
IRS990/Form990PartVIISectionAGrp/PersonNm16JAMES STOLPINSKI
IRS990/Form990PartVIISectionAGrp/PersonNm17FRANK GROSSI
IRS990/Form990PartVIISectionAGrp/PersonNm18DOMINICK GAUDIOSO
IRS990/Form990PartVIISectionAGrp/PersonNm19LORRAINE INZETTA
IRS990/Form990PartVIISectionAGrp/PersonNm20MARIA PEREDA
IRS990/Form990PartVIISectionAGrp/PersonNm21THOMAS OMIATEK
IRS990/Form990PartVIISectionAGrp/PersonNm22GEORGE LYNCH
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20213066
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21216524
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Alt. Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Alt. Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Alt. Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Alt. Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Alt. Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt19Claims Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt20Welfare Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21SR ADMINISTRATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22EMPLOYEE ASST ADM
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr01957
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt011684386
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt07763
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt010248729
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03799645
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
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IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE FUND IS A MULTI-EMPLOYER WELFARE EMPLOYEE BENEFIT PLAN ESTABLISHED PURSUANT TO THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE NEW YORK SHIPPING ASSOCATION AND THE INTERNATIONAL LONGSHOREMEN'S ASSOCATION.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt04434832
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
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IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0286881
IRS990/OtherExpensesGrp/Desc0ALLOCATED EXPENSE-FRINGE
IRS990/OtherExpensesGrp/Desc1ALLOCATED EXPENSE-PENSION
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/Desc3Printing and Publications
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IRS990/OtherExpensesGrp/TotalAmt193308
IRS990/OtherExpensesGrp/TotalAmt216470
IRS990/OtherExpensesGrp/TotalAmt32506
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1480000
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/Desc1RECOVERY OF EXPENSES MILA
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1198578
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09142
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1198578
IRS990/OtherRevenueTotalAmt0207720
IRS990/OtherSalariesAndWagesGrp/TotalAmt01057497
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt071430
IRS990/PensionPlanContributionsGrp/TotalAmt0197779
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0480000
IRS990/ProgramServiceRevenueGrp/Desc0Program Service Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011457227
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011457227
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt011744896
IRS990/PYExcessBenefitTransInd0false

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.$11.9$3.93$7.97$18.6$18.6$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$3.56$7.97$17.6$17.2$0.33
2022Detailed filing. Detailed filing data is available for this year.$10.8$3.17$7.65$20.2$17.4$2.80
2021Detailed filing. Detailed filing data is available for this year.$7.53$2.68$4.85$15.8$16.2$0.43
2020Detailed filing. Detailed filing data is available for this year.$7.20$1.92$5.28$17.4$14.4$3.07
2019Detailed filing. Detailed filing data is available for this year.$4.17$1.95$2.21$14.0$14.8$0.82
2018Detailed filing. Detailed filing data is available for this year.$4.81$1.78$3.03$12.1$14.0$1.92
2017Detailed filing. Detailed filing data is available for this year.$6.69$1.74$4.95$15.6$15.1$0.51
2016Detailed filing. Detailed filing data is available for this year.$8.70$4.27$4.43$11.7$16.0$4.31
2015Detailed filing. Detailed filing data is available for this year.$13.0$4.30$8.75$3.30$14.8$11.5
2014Detailed filing. Detailed filing data is available for this year.$24.5$4.31$20.2$15.1$15.0$0.05
2013Detailed filing. Detailed filing data is available for this year.$31.7$11.5$20.2$63.9$63.9$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.9$10.8$20.1$63.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.8$12.7$20.0$64.9
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.9$13.9$20.0$71.7