Civic Intelligence

Newburgh Teachers Association Benefit Trust Fund

990 • Fiscal year 2020 • EIN 14-6131191

Feb 01, 2019 to Jan 31, 2020 • Filed on Dec 13, 2020

Organization ProfileNEWBURGHTA.COM/BENEFITS/BENEFITS.HTM
52 Pierces Rd Attn MS Robin EitelNewburgh, NY 12550

(845) 562-7988

Siviq Scores

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

Liabilities / Assets

84th percentile

0.27x

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

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

0.57x

Higher debt load relative to revenue than 93% of similar nonprofits.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Net Margin

29th percentile

-2.9%

Higher net margin than 29% of similar nonprofits.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

74th percentile

$26,080

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Asset Growth

75th percentile

18%

Faster asset growth than 75% of similar nonprofits.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

55th percentile

0.7%

Faster revenue growth than 55% of similar nonprofits.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$4,309,048

Up $654,053 (+18%) from 2019

Net Assets

Down

$3,125,469

Down $59,466 (-1.9%) from 2019

Liabilities

Up

$1,183,579

Up $713,519 (+152%) from 2019

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin29th percentile

Revenue

Up

$2,062,442

Up $15,325 (+0.7%) from 2019

Expenses

Down

$2,121,908

Down $80,871 (-3.7%) from 2019

Net Income

Up

-$59,466

Up $96,196 (+62%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,079,649Liabilities 2011: $289,594Net Assets 2011: $2,790,0552011Assets 2012: $4,116,510Liabilities 2012: $1,102,419Net Assets 2012: $3,014,0912012Assets 2013: $3,442,060Liabilities 2013: $300,823Net Assets 2013: $3,141,2372013Assets 2014: $3,598,813Liabilities 2014: $325,845Net Assets 2014: $3,272,9682014Assets 2015: $4,356,699Liabilities 2015: $1,036,215Net Assets 2015: $3,320,4842015Assets 2016: $3,737,220Liabilities 2016: $370,253Net Assets 2016: $3,366,9672016Assets 2017: $4,400,947Liabilities 2017: $1,023,847Net Assets 2017: $3,377,1002017Assets 2018: $3,733,460Liabilities 2018: $392,863Net Assets 2018: $3,340,5972018Assets 2019: $3,654,995Liabilities 2019: $470,060Net Assets 2019: $3,184,9352019Assets 2020: $4,309,048Liabilities 2020: $1,183,579Net Assets 2020: $3,125,4692020Assets 2021: $3,821,636Liabilities 2021: $433,099Net Assets 2021: $3,388,5372021Assets 2022: $3,735,518Liabilities 2022: $442,689Net Assets 2022: $3,292,8292022Assets 2023: $3,711,322Liabilities 2023: $470,178Net Assets 2023: $3,241,1442023Assets 2025: $4,173,661Liabilities 2025: $419,492Net Assets 2025: $3,754,1692025

Highlighted filing

2020

Assets$4,309,048
Liabilities$1,183,579
Net Assets$3,125,469
Open 2020 Filing

Operations Trend

Revenue Growth55th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,570,0312011Expenses 2012: $1,715,3822012Expenses 2013: $1,772,5122013Revenue 2014: $1,837,172Expenses 2014: $1,705,441Net Income 2014: $131,7312014Revenue 2015: $1,836,747Expenses 2015: $1,789,231Net Income 2015: $47,5162015Revenue 2016: $1,874,003Expenses 2016: $1,827,520Net Income 2016: $46,4832016Revenue 2017: $1,921,418Expenses 2017: $1,911,285Net Income 2017: $10,1332017Revenue 2018: $1,930,372Expenses 2018: $1,966,875Net Income 2018: -$36,5032018Revenue 2019: $2,047,117Expenses 2019: $2,202,779Net Income 2019: -$155,6622019Revenue 2020: $2,062,442Expenses 2020: $2,121,908Net Income 2020: -$59,4662020Revenue 2021: $2,055,798Expenses 2021: $1,792,730Net Income 2021: $263,0682021Revenue 2022: $2,047,482Expenses 2022: $2,143,190Net Income 2022: -$95,7082022Revenue 2023: $2,072,363Expenses 2023: $2,124,048Net Income 2023: -$51,6852023Revenue 2025: $2,366,698Expenses 2025: $2,119,471Net Income 2025: $247,2272025

Highlighted filing

2020

Revenue$2,062,442
Expenses$2,121,908
Net Income-$59,466
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Feb 1, 2019 to Jan 31, 2020
Signed
Dec 13, 2020
Return Version
2019v5.0
Gross Receipts
$2,062,442
Mission and Program Overview

Mission

A self-insuring fund to provide dental care, vision and prescription co-pay reimbursement benefits to teachers, administrators and retirees of the city of newburgh school district and their qualified dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,638,356$4,294,298▲ $655,942
Prepaid Expenses and Deferred Charges$1,936$1,921▼ $15
Land, Buildings, and Equipment, Net$1,766$1,348▼ $418
Total Assets$3,654,995$4,309,048▲ $654,053
Other Assets Total$12,937$11,481▼ $1,456
Liabilities
Deferred Revenue$236,625$995,687▲ $759,062
Accounts Payable and Accrued Expenses$233,435$187,892▼ $45,543
Total Liabilities$470,060$1,183,579▲ $713,519
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,184,935$3,125,469▼ $59,466
Total Net Assets Fund Balance$3,184,935$3,125,469▼ $59,466
Total Liabilities and Net Assets / Fund Balance$3,654,995$4,309,048▲ $654,053

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$58,937$58,937
Other Land Buildings-$5,542$5,542
Leasehold Improvements$1,348$1,708$3,056
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Russell J CoughlinFund AdminisPT$26,080-$26,080
Stacy a MoranChairperson--$17,081$17,081
Nickolas P KarnavesosTrustee--$8,825$8,825
Matthew ScullyTrustee--$7,913$7,913
Jennifer M LaudieroSecretary/tr--$5,622$5,622
Judy LeroyTrustee--$2,000$2,000
Claudine L MazzaTrustee--$1,750$1,750
Jillian M CaciTrustee--$750$750
Jennifer M CatalanoTrustee--$500$500
Thea I BonneTrustee--$500$500

Board Members and Trustees

NameTitle
Jennifer J CostabileTrustee
Susan J WarrenTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,984,249
Investment Income
$78,193
Other Revenue
$0
Change in Net Assets
$-59,466

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,062,442
Total Revenue per Audited Statements
$2,062,442
Total Revenue per Form 990
$2,062,442
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$171,732
Other Expenses$58,405
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,891,771
Other Salaries and Wages---$118,960
Current Officers, Directors, Trustees, and Key Employees---$26,080
Pension Plan Contributions---$15,585
Office Expenses---$14,682
Occupancy---$12,000
Payroll Taxes---$11,107
Fees for Services Accounting---$10,907
Information Technology---$10,365
Fees for Services Other---$7,838
Insurance---$2,195
Depreciation Depletion---$418
Total Functional Expenses$0$0$0$2,121,908

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,121,908
Total Expenses per Audited Statements$2,121,908
Total Expenses per Form 990$2,121,908
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
Backup withholding compliance
Yes
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
Yes
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, Page 6, Part VI, Line 6

“Members of the newburgh teachers association include teachers, teaching assistants, substitute teachers and retirees of the newburgh enlarged city school district.”

Form 990, Page 6, Part VI, Line 7A

“Members of the newburgh teachers association, a related organization, may elect one or more members of the governing body, which is also the governing body of the newburgh teachers association benefit trust fund.”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 15A

“The compensation of the fund administrator of the newburgh teachers association benefit trust fund is determined through contract negotiations between the fund administrator and the chairperson of the newburgh teachers association benefit trust fund. An agreed-upon contract between these two individuals is then presented for review, approval and ratification by the board of trustees.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Newburgh Teachers Association
EIN
14-6131191
Phone
8455627988
Address
52 PIERCES RD ATTN MS ROBIN EITEL, NEWBURGH, NY 12550

Signing Officer

Name
Stacy a Moran
Title
Chairperson
Phone
8455627988
Signed
2020-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell J Coughlin
Formed
1986
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
2
Employees
4

Preparer

Firm
Rbt Cpas Llp
Address
11 RACQUET RD, NEWBURGH, NY 12550
Preparer
Steven E Howell CPA
Phone
8455679000
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The fund files an annual 990 as a tax-exempt organization under section 501(c)(9) of the internal revenue code. As such, no federal or new york state taxes are paid by the fund. The fund has adopted the provisions of accounting principles generally accepted in the united states of america regarding accounting for uncertain tax positions. Management evaluated the fund's tax positions and concluded that the fund had taken no uncertain tax positions that would require adjustment to the financial statements in order to comply with the provisions of this guidance. With few exceptions, the fund is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years prior to 2017.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND FILES AN ANNUAL 990 AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE. AS SUCH, NO FEDERAL OR NEW YORK STATE TAXES ARE PAID BY THE FUND. THE FUND HAS ADOPTED THE PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REGARDING ACCOUNTING FOR UNCERTAIN TAX POSITIONS. MANAGEMENT EVALUATED THE FUND'S TAX POSITIONS AND CONCLUDED THAT THE FUND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS IN ORDER TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE FUND IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS PRIOR TO 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE NEWBURGH TEACHERS ASSOCIATION INCLUDE TEACHERS, TEACHING ASSISTANTS, SUBSTITUTE TEACHERS AND RETIREES OF THE NEWBURGH ENLARGED CITY SCHOOL DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE NEWBURGH TEACHERS ASSOCIATION, A RELATED ORGANIZATION, MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY, WHICH IS ALSO THE GOVERNING BODY OF THE NEWBURGH TEACHERS ASSOCIATION BENEFIT TRUST FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF THE FUND ADMINISTRATOR OF THE NEWBURGH TEACHERS ASSOCIATION BENEFIT TRUST FUND IS DETERMINED THROUGH CONTRACT NEGOTIATIONS BETWEEN THE FUND ADMINISTRATOR AND THE CHAIRPERSON OF THE NEWBURGH TEACHERS ASSOCIATION BENEFIT TRUST FUND. AN AGREED-UPON CONTRACT BETWEEN THESE TWO INDIVIDUALS IS THEN PRESENTED FOR REVIEW, APPROVAL AND RATIFICATION BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,309,048
Liabilities
$1,183,579
Net assets
$3,125,469
Revenue
$2,062,442
Expenses
$2,121,908
Net income
-$59,466
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.17$0.42$3.75$2.37$2.12$0.25
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.71$0.47$3.24$2.07$2.12$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.74$0.44$3.29$2.05$2.14$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.82$0.43$3.39$2.06$1.79$0.26
2020Detailed filing. Detailed filing data is available for this year.$4.31$1.18$3.13$2.06$2.12$0.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$0.47$3.18$2.05$2.20$0.16
2018Summary only. Only limited summary data is available for this year.$3.73$0.39$3.34$1.93$1.97$0.04
2017Summary only. Only limited summary data is available for this year.$4.40$1.02$3.38$1.92$1.91$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.74$0.37$3.37$1.87$1.83$0.05
2015Detailed filing. Detailed filing data is available for this year.$4.36$1.04$3.32$1.84$1.79$0.05
2014Detailed filing. Detailed filing data is available for this year.$3.60$0.33$3.27$1.84$1.71$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$0.30$3.14$1.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.12$1.10$3.01$1.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.08$0.29$2.79$1.57