Civic Intelligence

Local 553 Fuel Industry Optical Benefits Trust Fund

990EZ • Fiscal year 2016 • EIN 13-6152244

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 29, 2017

Organization ProfileN/A

View Organization Page

265 West 14th StreetNew York, NY 10011

(212) 627-5553

Siviq Scores

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

Liabilities / Assets

84th percentile

0.12x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • 501(c)9 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

0.28x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)9 • <$500k nonprofits • Source year 2016

Net Margin

29th percentile

-16%

Higher net margin than 29% of similar nonprofits.

2016 filings • 501(c)9 • <$500k nonprofits • Source year 2016

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2016 filings • 501(c)9 • <$500k nonprofits • Source year 2016

Asset Growth

35th percentile

-8.4%

Faster asset growth than 35% of similar nonprofits.

2016 filings • 501(c)9 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

33rd percentile

-14%

Faster revenue growth than 33% of similar nonprofits.

2016 filings • 501(c)9 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$123,929

Down $11,383 (-8.4%) from 2015

Net Assets

Down

$109,064

Down $8,613 (-7.3%) from 2015

Liabilities

Down

$14,865

Down $2,770 (-16%) from 2015

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin29th percentile

Revenue

Down

$52,834

Down $8,449 (-14%) from 2015

Expenses

Up

$61,447

Up $469 (+0.8%) from 2015

Net Income

Down

-$8,613

Down $8,918 (-2924%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$200K$150K$100K$50K$0Assets 2011: $166,037Liabilities 2011: $32,5052011Assets 2012: $159,743Liabilities 2012: $32,9732012Assets 2013: $149,734Liabilities 2013: $38,4762013Assets 2014: $138,907Liabilities 2014: $21,5352014Assets 2015: $135,312Liabilities 2015: $17,635Net Assets 2015: $117,6772015Assets 2016: $123,929Liabilities 2016: $14,865Net Assets 2016: $109,0642016Assets 2017: $121,347Liabilities 2017: $14,009Net Assets 2017: $107,3382017Assets 2018: $110,702Liabilities 2018: $16,508Net Assets 2018: $94,1942018Assets 2019: $106,518Liabilities 2019: $15,2062019Assets 2020: $92,997Liabilities 2020: $12,6502020Assets 2021: $84,944Liabilities 2021: $13,7002021Assets 2022: $77,471Liabilities 2022: $14,5202022Assets 2023: $89,942Liabilities 2023: $17,5552023Assets 2024: $110,177Liabilities 2024: $22,529Net Assets 2024: $87,6482024

Highlighted filing

2016

Assets$123,929
Liabilities$14,865
Net Assets$109,064
Open 2016 Filing

Operations Trend

Revenue Growth33rd percentile

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

$100K$50K$0-$50KRevenue 2011: $70,093Expenses 2011: $80,962Net Income 2011: -$10,8692011Revenue 2012: $66,346Expenses 2012: $73,108Net Income 2012: -$6,7622012Revenue 2013: $64,977Expenses 2013: $80,489Net Income 2013: -$15,5122013Revenue 2014: $66,208Expenses 2014: $60,094Net Income 2014: $6,1142014Revenue 2015: $61,283Expenses 2015: $60,978Net Income 2015: $3052015Revenue 2016: $52,834Expenses 2016: $61,447Net Income 2016: -$8,6132016Revenue 2017: $53,232Expenses 2017: $54,958Net Income 2017: -$1,7262017Revenue 2018: $52,956Expenses 2018: $66,290Net Income 2018: -$13,3342018Revenue 2019: $53,032Expenses 2019: $55,914Net Income 2019: -$2,8822019Revenue 2020: $40,809Expenses 2020: $51,774Net Income 2020: -$10,9652020Revenue 2021: $46,414Expenses 2021: $55,517Net Income 2021: -$9,1032021Revenue 2022: $42,031Expenses 2022: $50,324Net Income 2022: -$8,2932022Revenue 2023: $70,381Expenses 2023: $60,945Net Income 2023: $9,4362023Revenue 2024: $67,911Expenses 2024: $52,650Net Income 2024: $15,2612024

Highlighted filing

2016

Revenue$52,834
Expenses$61,447
Net Income-$8,613
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 29, 2017
Return Version
2016v3.0
Gross Receipts
$52,834
Mission and Program Overview

Mission

This plan provides optical benefits to approximately 678 participants

This plan provides optical benefits to approximately 638 participants

Program Services

DescriptionGrantsExpenses
This plan provides optical benefits to approximately 638 participants$61,447-
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVEN GOLDMANTrustee-$0--
VINCENT THEURERTrustee-$0--
DEMOS DEMOPOULOSTrustee-$0--
VICTOR CASTELLANOTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Local 553 Benefits Fund
EIN
13-6152244
Phone
2126275553
Address
265 WEST 14TH STREET, NEW YORK, NY 10011

Signing Officer

Name
Demos Demopoulos
Title
Trustee
Signed
2017-08-29
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Other Expenses.1

“Administrative expenses $13553”

Other Assets.1005

“Accounts Receivable - Beginning $4735 Accounts Receivable - Ending $4292”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $8000 Accounts Payable and Accrued Expenses - Ending $9665”

Total Liabilities.1

“BENEFIT OBLIGATIONS - Beginning $9635 BENEFIT OBLIGATIONS - Ending $5200”

Raw XML Appendix112 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BenefitsPaidToOrForMembersAmt035100
IRS990EZ/BooksInCareOfDetail/PersonNm0JOINT BOARD OF TRUSTEES
IRS990EZ/BooksInCareOfDetail/PhoneNum02126275553
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0265 WEST 14TH STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010011
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0130577
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0119637
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-8613
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt012794
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0135312
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0123929
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt052834
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0117677
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0109064
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0117677
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0109064
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0STEVEN GOLDMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1VINCENT THEURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DEMOS DEMOPOULOS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3VICTOR CASTELLANO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Trustee
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt04735
IRS990EZ/OtherAssetsTotalDetail/EOYAmt04292
IRS990EZ/OtherExpensesTotalAmt013553
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0This plan provides optical benefits to approximately 638 participants
IRS990EZ/ProgramServiceRevenueAmt052834
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0This plan provides optical benefits to approximately 638 participants
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt061447
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt017635
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt014865
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt061447
IRS990EZ/TotalProgramServiceExpensesAmt061447
IRS990EZ/TotalRevenueAmt052834
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationTrustInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADMINISTRATIVE EXPENSES $13553
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Accounts Receivable - Beginning $4735 Accounts Receivable - Ending $4292
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Accounts Payable and Accrued Expenses - Beginning $8000 Accounts Payable and Accrued Expenses - Ending $9665
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BENEFIT OBLIGATIONS - Beginning $9635 BENEFIT OBLIGATIONS - Ending $5200
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Total Liabilities.1
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEMOS DEMOPOULOS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOCAL 553 BENEFITS FUND
ReturnHeader/Filer/BusinessNameControlTxt0LOCA
ReturnHeader/Filer/EIN0136152244
ReturnHeader/Filer/PhoneNum02126275553
ReturnHeader/Filer/USAddress/AddressLine1Txt0265 WEST 14TH STREET
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010011
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STEINBERG STECKLER & PICCIURRO CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0462 7TH AVE 16TH FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100187606
ReturnHeader/PreparerPersonGrp/PhoneNum02126951300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL STECKLER
ReturnHeader/ReturnTs02017-08-29T12:56:35-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$123,929
Liabilities
$14,865
Net assets
$109,064
Revenue
$52,834
Expenses
$61,447
Net income
-$8,613
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.10$0.23$0.88$0.68$0.53$0.15
2023Summary only. Only limited summary data is available for this year.$0.90$0.18$0.70$0.61$0.09
2022Summary only. Only limited summary data is available for this year.$0.77$0.15$0.42$0.50$0.08
2021Summary only. Only limited summary data is available for this year.$0.85$0.14$0.46$0.56$0.09
2020Summary only. Only limited summary data is available for this year.$0.93$0.13$0.41$0.52$0.11
2019Summary only. Only limited summary data is available for this year.$1.07$0.15$0.53$0.56$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.17$0.94$0.53$0.66$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.14$1.07$0.53$0.55$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.24$0.15$1.09$0.53$0.61$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.18$1.18$0.61$0.61$0.00
2014Summary only. Only limited summary data is available for this year.$1.39$0.22$0.66$0.60$0.06
2013Summary only. Only limited summary data is available for this year.$1.50$0.38$0.65$0.80$0.16
2012Summary only. Only limited summary data is available for this year.$1.60$0.33$0.66$0.73$0.07
2011Summary only. Only limited summary data is available for this year.$1.66$0.33$0.70$0.81$0.11