Civic Intelligence

Basil Castrovinci Associates Inc Welfare Fund

EIN 13-6111622 • 501(c)3 • Hopatcong, NJ

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Profile

To provide medical hospital dental and optical and other benefits to employees

36 Hopatchung RoadHopatcong, NJ 07843
Siviq Scores

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

Liabilities / Assets

45th percentile

0.00x

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

501(c)9 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.00x

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

501(c)9 • $1M-$5M nonprofits • Source year 2024

Net Margin

66th percentile

13%

Higher net margin than 66% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

501(c)9 • $1M-$5M nonprofits • Source year 2024

Asset Growth

48th percentile

2.3%

Faster asset growth than 48% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-35%

Faster revenue growth than 11% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$2,280,511

Up $51,188 (+2.3%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$2,280,511

Up $51,188 (+2.3%) from 2023

Operations
Liabilities / Revenue52nd percentileNet Margin66th percentile

Revenue

Down

$389,033

Down $205,541 (-35%) from 2023

Expenses

Up

$337,846

Up $31,385 (+10%) from 2023

Net Income

Down

$51,187

Down $236,926 (-82%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,191,646Liabilities 2011: $0Net Assets 2011: $1,191,6462011Assets 2012: $1,229,726Liabilities 2012: $0Net Assets 2012: $1,229,7262012Assets 2013: $1,400,837Liabilities 2013: $0Net Assets 2013: $1,400,8372013Assets 2014: $1,479,087Liabilities 2014: $0Net Assets 2014: $1,479,0872014Assets 2015: $1,692,944Liabilities 2015: $0Net Assets 2015: $1,692,9442015Assets 2016: $1,785,501Liabilities 2016: $0Net Assets 2016: $1,785,5012016Assets 2017: $1,934,564Liabilities 2017: $0Net Assets 2017: $1,934,5642017Assets 2018: $1,945,914Liabilities 2018: $0Net Assets 2018: $1,945,9142018Assets 2019: $2,155,044Liabilities 2019: $0Net Assets 2019: $2,155,0442019Assets 2020: $2,378,567Liabilities 2020: $0Net Assets 2020: $2,378,5672020Assets 2021: $2,567,322Liabilities 2021: $0Net Assets 2021: $2,567,3222021Assets 2023: $2,229,323Liabilities 2023: $0Net Assets 2023: $2,229,3232023Assets 2024: $2,280,511Liabilities 2024: $0Net Assets 2024: $2,280,5112024

Highlighted filing

2024

Assets$2,280,511
Liabilities$0
Net Assets$2,280,511
Open 2024 Filing

Operations Trend

Revenue Growth11th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $244,282Expenses 2011: $208,666Net Income 2011: $35,6162011Revenue 2012: $226,642Expenses 2012: $188,562Net Income 2012: $38,0802012Revenue 2013: $407,550Expenses 2013: $236,439Net Income 2013: $171,1112013Revenue 2014: $282,019Expenses 2014: $220,612Net Income 2014: $61,4072014Revenue 2015: $437,566Expenses 2015: $201,173Net Income 2015: $236,3932015Revenue 2016: $232,835Expenses 2016: $219,364Net Income 2016: $13,4712016Revenue 2017: $286,797Expenses 2017: $234,048Net Income 2017: $52,7492017Revenue 2018: $273,373Expenses 2018: $260,411Net Income 2018: $12,9622018Revenue 2019: $270,381Expenses 2019: $274,554Net Income 2019: -$4,1732019Revenue 2020: $533,765Expenses 2020: $310,242Net Income 2020: $223,5232020Revenue 2021: $506,650Expenses 2021: $317,895Net Income 2021: $188,7552021Revenue 2023: $594,574Expenses 2023: $306,461Net Income 2023: $288,1132023Revenue 2024: $389,033Expenses 2024: $337,846Net Income 2024: $51,1872024

Highlighted filing

2024

Revenue$389,033
Expenses$337,846
Net Income$51,187
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,280,511
Liabilities
$0
Net assets
$2,280,511
Revenue
$389,033
Expenses
$337,846
Net income
$51,187
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.28$0.00$2.28$0.39$0.34$0.05
2023Detailed filing. Detailed filing data is available for this year.$2.23$0.00$2.23$0.59$0.31$0.29
2021Detailed filing. Detailed filing data is available for this year.$2.57$0.00$2.57$0.51$0.32$0.19
2020Detailed filing. Detailed filing data is available for this year.$2.38$0.00$2.38$0.53$0.31$0.22
2019Summary only. Only limited summary data is available for this year.$2.16$0.00$2.16$0.27$0.27$0.00
2018Summary only. Only limited summary data is available for this year.$1.95$0.00$1.95$0.27$0.26$0.01
2017Summary only. Only limited summary data is available for this year.$1.93$0.00$1.93$0.29$0.23$0.05
2016Summary only. Only limited summary data is available for this year.$1.79$0.00$1.79$0.23$0.22$0.01
2015Summary only. Only limited summary data is available for this year.$1.69$0.00$1.69$0.44$0.20$0.24
2014Summary only. Only limited summary data is available for this year.$1.48$0.00$1.48$0.28$0.22$0.06
2013Summary only. Only limited summary data is available for this year.$1.40$0.00$1.40$0.41$0.24$0.17
2012Summary only. Only limited summary data is available for this year.$1.23$0.00$1.23$0.23$0.19$0.04
2011Summary only. Only limited summary data is available for this year.$1.19$0.00$1.19$0.24$0.21$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 6, 2025
Return Version
2024v5.1
Gross Receipts
$389,033
Mission and Program Overview

Mission

To provide medical, hospital, dental and optical and other health benefits to employees

To provide medical benefits for employees

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,026,425$2,248,399▲ $221,974
Savings and Temporary Cash Investments$202,898$32,112▼ $170,786
Total Assets$2,229,323$2,280,511▲ $51,188
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,229,323$2,280,511▲ $51,188
Total Net Assets Fund Balance$2,229,323$2,280,511▲ $51,188
Total Liabilities and Net Assets / Fund Balance$2,229,323$2,280,511▲ $51,188
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
-Trustee
Matthew P CastrovinciVP
Revenue and Support

Revenue Composition

Contributions and Grants
$161,754
Program Service Revenue
$0
Investment Income
$227,279
Other Revenue
$0
All Other Contributions
$161,754
Change in Net Assets
$51,187
Expenses and Functional Allocation

Major Expense Lines

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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$337,846
Total Functional Expenses$0$0$0$337,846
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 2

“SIBLINGS”

Part VI Line 11B

“Trustees reviewed the data and the return at the time of filing”

Part VI Line 19

“Available upon request”

Filing and Contact Details

Filer

Filer Name
Basil Castrovinci Associates Inc Welfare Fund
EIN
13-6111622
In Care Of
% Matthew P Castrovinci
Phone
9736013828
Address
36 Hopatchung Road, Hopatcong, NJ 07843

Signing Officer

Name
Matthew P Castrovinci
Title
VP
Phone
9736013828
Signed
2025-06-06

Organization Details

Principal Officer
Matthew P Castrovinci
Formed
1974
Legal Domicile
Nj
Voting Board Members
2
Independent Board Members
0
Employees
0
Raw XML Appendix225 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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