Civic Intelligence

Brewster Teachers Association Welfare Fund

990 • Fiscal year 2016 • EIN 14-1607050

Sep 01, 2015 to Aug 31, 2016 • Filed on Mar 20, 2017

20 Farm To Market RoadBrewster, NY 10509

(845) 279-5051

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.13x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

75th percentile

0.12x

Higher debt load relative to revenue than 75% of similar nonprofits.

2016 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2016

Net Margin

64th percentile

8.0%

Higher net margin than 64% of similar nonprofits.

2016 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

63rd percentile

$4,435

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2016 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2016

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

2016 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

45%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$933,899

Up $98,692 (+12%) from 2015

Net Assets

Up

$808,471

Up $79,531 (+11%) from 2015

Liabilities

Up

$125,428

Up $19,161 (+18%) from 2015

Revenue

Up

$1,008,391

Up $312,081 (+45%) from 2015

Expenses

Up

$928,106

Up $53,610 (+6.1%) from 2015

Net Income

Up

$80,285

Up $258,471 (+145%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $985,363Liabilities 2013: $108,664Net Assets 2013: $876,6992013Assets 2014: $1,023,990Liabilities 2014: $113,439Net Assets 2014: $910,5512014Assets 2015: $835,207Liabilities 2015: $106,267Net Assets 2015: $728,9402015Assets 2016: $933,899Liabilities 2016: $125,428Net Assets 2016: $808,4712016Assets 2017: $834,337Liabilities 2017: $22,903Net Assets 2017: $811,4342017Assets 2018: $916,462Liabilities 2018: $73,367Net Assets 2018: $843,0952018Assets 2019: $969,883Liabilities 2019: $38,110Net Assets 2019: $931,7732019Assets 2020: $1,280,715Liabilities 2020: $63,051Net Assets 2020: $1,217,6642020Assets 2021: $1,344,247Liabilities 2021: $31,660Net Assets 2021: $1,312,5872021Assets 2022: $1,347,517Liabilities 2022: $17,467Net Assets 2022: $1,330,0502022Assets 2023: $1,484,440Liabilities 2023: $56,856Net Assets 2023: $1,427,5842023Assets 2024: $1,724,374Liabilities 2024: $134,807Net Assets 2024: $1,589,5672024Assets 2025: $1,652,289Liabilities 2025: $158,475Net Assets 2025: $1,493,8142025

Highlighted filing

2016

Assets$933,899
Liabilities$125,428
Net Assets$808,471

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2013: $893,2652013Revenue 2014: $933,887Expenses 2014: $903,304Net Income 2014: $30,5832014Revenue 2015: $696,310Expenses 2015: $874,496Net Income 2015: -$178,1862015Revenue 2016: $1,008,391Expenses 2016: $928,106Net Income 2016: $80,2852016Revenue 2017: $989,383Expenses 2017: $975,859Net Income 2017: $13,5242017Revenue 2018: $1,018,621Expenses 2018: $976,640Net Income 2018: $41,9812018Revenue 2019: $1,043,139Expenses 2019: $975,737Net Income 2019: $67,4022019Revenue 2020: $1,109,452Expenses 2020: $838,622Net Income 2020: $270,8302020Revenue 2021: $1,131,835Expenses 2021: $1,015,915Net Income 2021: $115,9202021Revenue 2022: $1,175,964Expenses 2022: $1,043,842Net Income 2022: $132,1222022Revenue 2023: $1,204,266Expenses 2023: $1,149,299Net Income 2023: $54,9672023Revenue 2024: $1,316,748Expenses 2024: $1,276,635Net Income 2024: $40,1132024Revenue 2025: $1,088,116Expenses 2025: $1,093,662Net Income 2025: -$5,5462025

Highlighted filing

2016

Revenue$1,008,391
Expenses$928,106
Net Income$80,285
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Mar 20, 2017
Return Version
2015v3.0
Gross Receipts
$1,512,503
Mission and Program Overview

Mission

To provide health and welfare benefits to eligible participants covered by a collective bargaining agreement.

To provide health and welfare benefits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$728,940$808,471▲ $79,531
Investments in Publicly Traded Securities$589,581$633,186▲ $43,605
Cash and Non-Interest-Bearing Accounts$136,016$191,289▲ $55,273
Savings and Temporary Cash Investments$29,706$102,113▲ $72,407
Accounts Receivable$78,794$0▼ $78,794
Prepaid Expenses and Deferred Charges$1,110$7,311▲ $6,201
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$835,207$933,899▲ $98,692
Liabilities
Deferred Revenue$99,646$121,261▲ $21,615
Accounts Payable and Accrued Expenses$6,621$4,167▼ $2,454
Total Liabilities$106,267$125,428▲ $19,161
Net Assets / Fund Balance
Total Net Assets Fund Balance$728,940$808,471▲ $79,531
Total Liabilities and Net Assets / Fund Balance$835,207$933,899▲ $98,692
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Debra ElkChairpersonPT$4,435$4,435
Elaine KarczmitTrustee-$1,109$1,109
Janice DiscrollTrustee/treasurer-$1,109$1,109
Lori ColleyTrustee-$1,109$1,109
Mary HoeyTrustee-$1,109$1,109
Sue BoehmTrustee-$1,109$1,109
Sue ChamberlainTrustee - Past-$1,109$1,109

Board Members and Trustees

NameTitle
Mary StoddardTrustee - Past
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$987,919
Investment Income
$16,262
Other Revenue
$4,210
Change in Net Assets
$80,285

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,002,863
Revenue Not Reported on Financial Statements
$5,528
Revenue Not Reported on Form 990
$-754
Total Revenue per Audited Statements
$1,002,109
Total Revenue per Form 990
$1,008,391
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$56,050
Salaries, Compensation, and Employee Benefits$11,086
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$860,970
Fees for Services Other---$28,106
Fees for Services Accounting---$14,500
Current Officers, Directors, Trustees, and Key Employees---$11,086
Fees for Service Investment Mgmnt Fees---$5,528
Fees for Services Legal---$5,250
Insurance---$1,446
Office Expenses---$1,220
Total Functional Expenses$0$0$0$928,106

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$928,106
Expenses per Audited Statements$922,578
Total Expenses per Audited Statements$922,578
Expenses Not Reported on Financial Statements$5,528
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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, Section A, Line 6

The fund has participants.

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

The fund did not have any committee with authority to act on behalf of the board of trustees.

Form 990, Part VI, Section B, Line 11

The form 990 is prepared by the fund's independent auditors and reviewed by the board of trustees before it is filed.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are available upon request for examination at the fund's office.

Filing and Contact Details

Filer

Filer Name
Brewster Teachers Association Welfare
EIN
14-1607050
Phone
8452795051
Address
20 FARM TO MARKET ROAD, BREWSTER, NY 10509

Signing Officer

Name
Debra Elk
Title
Chairperson
Phone
8452795051
Signed
2017-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debra Elk
Formed
1978
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Buchbinder Tunick & Co Llp
Address
ONE PENN PLAZA - SUITE 5335, NEW YORK, NY 10119-0219
Phone
2126955003
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's process for overseeing the audit of its financial statements and for its selection of an independent accountant has not changed from the prior year.

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 fund and recognize a tax liability (or asset) if the fund 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 fund, and has concluded that as of august 31, 2016, 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 fund. The plan administrator believes it is no longer subject to income tax examinations for years prior to 2012.

Raw XML Appendix358 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FUND AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FUND 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 FUND, AND HAS CONCLUDED THAT AS OF AUGUST 31, 2016, 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 FUND. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2012.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FUND HAS PARTICIPANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND DID NOT HAVE ANY COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY THE FUND'S INDEPENDENT AUDITORS AND REVIEWED BY THE BOARD OF TRUSTEES BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR EXAMINATION AT THE FUND'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S PROCESS FOR OVERSEEING THE AUDIT OF ITS FINANCIAL STATEMENTS AND FOR ITS SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
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/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BREWSTER TEACHERS ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1BREWSTER CENTRAL SCHOOL DISTRICT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237365538
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0REPRESENT MEMBERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt050 FOGGINTOWN ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BREWSTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010509
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0835207
IRS990/TotalAssetsEOYAmt0933899
IRS990/TotalAssetsGrp/BOYAmt0835207
IRS990/TotalAssetsGrp/EOYAmt0933899
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0928106
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0106267
IRS990/TotalLiabilitiesEOYAmt0125428
IRS990/TotalLiabilitiesGrp/BOYAmt0106267
IRS990/TotalLiabilitiesGrp/EOYAmt0125428
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0728940
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0808471
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0987919
IRS990/TotalReportableCompFromOrgAmt011089
IRS990/TotalRevenueGrp/ExclusionAmt016262
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0992129
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01008391
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0835207
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0933899
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt020 FARM TO MARKET ROAD
IRS990/USAddress/CityNm0BREWSTER
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010509
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEBRA ELK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum08452795051
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BREWSTER TEACHERS ASSOCIATION WELFARE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND
ReturnHeader/Filer/BusinessNameControlTxt0BREW
ReturnHeader/Filer/EIN0141607050
ReturnHeader/Filer/PhoneNum08452795051
ReturnHeader/Filer/USAddress/AddressLine1Txt020 FARM TO MARKET ROAD
ReturnHeader/Filer/USAddress/CityNm0BREWSTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010509
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131578842
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUCHBINDER TUNICK & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE PENN PLAZA - SUITE 5335
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0101190219
ReturnHeader/PreparerPersonGrp/PhoneNum02126955003
ReturnHeader/ReturnTs02017-03-31T13:36:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-09-01
ReturnHeader/TaxPeriodEndDt02016-08-31
ReturnHeader/TaxYr02015

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