Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
Local 553 Fuel Industry Optical Benefits Trust Fund
990EZ • Fiscal year 2019 • EIN 13-6152244
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.14x
Liabilities / Revenue
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
39th percentile
Higher net margin than 39% of similar nonprofits.
Top Officer Pay
72nd percentile
Higher top officer pay than 72% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
44th percentile
Faster asset growth than 44% of similar nonprofits.
Revenue Growth
55th percentile
Faster revenue growth than 55% of similar nonprofits.
Balance Sheet
Assets
Flat$106,518
Flat from 2019
Net Assets
$91,312
No earlier filing loaded for comparison.
Liabilities
Flat$15,206
Flat from 2019
Revenue And Expenses
Revenue
Flat$53,032
Flat from 2019
Expenses
Flat$55,914
Flat from 2019
Net Income
Flat-$2,882
Flat from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Aug 12, 2020
- Return Version
- 2019v5.1
- Gross Receipts
- $53,032
Mission and Program Overview
Mission
This plan provides optical benefits to approximately 678 participants
The plan provides optical benefits and scholarships to eligible participants and their dependents.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE PLAN PROVIDES OPTICAL BENEFITS AND SCHOLARSHIP BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JEFFREY HAMMOND | Trustee | - | $0 | - | - |
| VINCENT THEURER | Trustee | - | $0 | - | - |
| DEMOS DEMOPOULOS | Trustee | - | $0 | - | - |
| VICTOR CASTELLANO | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Local 553 Benefits Fund
- EIN
- 13-6152244
- Phone
- 2126275553
- Address
- 265 WEST 14TH STREET NO 315, NEW YORK, NY 10011
Signing Officer
- Name
- Demos Demopoulos
- Title
- Trustee
- Phone
- 2126275553
- Signed
- 2020-08-12
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Calibre CPA Group Pllc
- Address
- 462 SEVENTH AVENUE 16TH FLOOR, NEW YORK, NY 10018
- Preparer
- Joseph Morello
- Phone
- 2126951300
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: shared administrative expenses. Amount: 14,662. Description: bank charges. Amount: 10. Total to form 990-ez, line 16: 14,672.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: contributions receivable. Beg. Of year amount: 2,514. End of year amount: 2,171.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable & accrued expenses. Beg. Of year amount: 9,383. End of year amount: 9,999. Description: benefit obligations. Beg. Of year amount: 4,500. End of year amount: 4,750. Description: due to related fund. Beg. Of year amount: 2,625. End of year amount: 457.”
Raw XML Appendix121 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/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BenefitsPaidToOrForMembersAmt | 0 | 29470 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | BOARD OF TRUSTEES |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2126275553 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 265 WEST 14TH STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | NEW YORK |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10011 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 108188 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 104347 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -2882 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 11772 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 110702 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 106518 |
| IRS990EZ/GrossReceiptsAmt | 0 | 53032 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 94194 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 91312 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 94194 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 91312 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JEFFREY HAMMOND |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | VINCENT THEURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DEMOS DEMOPOULOS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | VICTOR CASTELLANO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TRUSTEE |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 2514 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 2171 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 14672 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE PLAN PROVIDES OPTICAL BENEFITS AND SCHOLARSHIPS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 53032 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE PLAN PROVIDES OPTICAL BENEFITS AND SCHOLARSHIP BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 16508 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 15206 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 55914 |
| IRS990EZ/TotalRevenueAmt | 0 | 53032 |
| IRS990EZ/TypeOfOrganizationTrustInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: SHARED ADMINISTRATIVE EXPENSES. AMOUNT: 14,662. DESCRIPTION: BANK CHARGES. AMOUNT: 10. TOTAL TO FORM 990-EZ, LINE 16: 14,672. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: CONTRIBUTIONS RECEIVABLE. BEG. OF YEAR AMOUNT: 2,514. END OF YEAR AMOUNT: 2,171. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS PAYABLE & ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 9,383. END OF YEAR AMOUNT: 9,999. DESCRIPTION: BENEFIT OBLIGATIONS. BEG. OF YEAR AMOUNT: 4,500. END OF YEAR AMOUNT: 4,750. DESCRIPTION: DUE TO RELATED FUND. BEG. OF YEAR AMOUNT: 2,625. END OF YEAR AMOUNT: 457. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2020-09-23 17:36:50Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DEMOS DEMOPOULOS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TRUSTEE |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2126275553 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-08-12 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LOCAL 553 BENEFITS FUND |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LOCA |
| ReturnHeader/Filer/EIN | 0 | 136152244 |
| ReturnHeader/Filer/PhoneNum | 0 | 2126275553 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 265 WEST 14TH STREET NO 315 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 10011 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 099BB351ED5C43DB8E4A0DD96B056B1430213725 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 2A1264631413402ED07D1720FD2C9A4C172C9560 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 38.100.43.98 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-08-12 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 10:02:57 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 470900880 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CALIBRE CPA GROUP PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 462 SEVENTH AVENUE 16TH FLOOR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 10018 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2126951300 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2020-08-10 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOSEPH MORELLO |
| ReturnHeader/ReturnTs | 0 | 2020-08-12T09:03:04-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $106,518
- Liabilities
- $15,206
- Net assets
- $91,312
- Revenue
- $53,032
- Expenses
- $55,914
- Net income
- -$2,882