Civic Intelligence

Glaziers & Glassworkers Local 660 Sub Trust Fund

990 • Fiscal year 2019 • EIN 16-0921100

Jun 01, 2018 to May 31, 2019 • Filed on Apr 10, 2020

585 Aero DriveCheektowaga, NY 14225

(716) 626-9698

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.00x

Higher debt load relative to assets than 43% of similar nonprofits.

2019 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

46th percentile

0.00x

Higher debt load relative to revenue than 46% of similar nonprofits.

2019 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2019

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2019 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2019

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.

2019 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2019

Asset Growth

41st percentile

2.6%

Faster asset growth than 41% of similar nonprofits.

2019 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

18th percentile

-14%

Faster revenue growth than 18% of similar nonprofits.

2019 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,105,289

Up $28,471 (+2.6%) from 2018

Net Assets

Up

$1,104,642

Up $28,307 (+2.6%) from 2018

Liabilities

Up

$647

Up $164 (+34%) from 2018

Revenue

Down

$277,038

Down $44,254 (-14%) from 2018

Expenses

Down

$243,911

Down $13,513 (-5.2%) from 2018

Net Income

Down

$33,127

Down $30,741 (-48%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,221,864Liabilities 2011: $25,827Net Assets 2011: $1,196,0372011Assets 2012: $1,073,371Liabilities 2012: $20,022Net Assets 2012: $1,053,3492012Assets 2013: $1,035,251Liabilities 2013: $4,960Net Assets 2013: $1,030,2912013Assets 2014: $1,017,760Liabilities 2014: $618Net Assets 2014: $1,017,1422014Assets 2015: $1,100,036Liabilities 2015: $2,213Net Assets 2015: $1,097,8232015Assets 2016: $1,032,658Liabilities 2016: $6,583Net Assets 2016: $1,026,0752016Assets 2017: $1,054,527Liabilities 2017: $639Net Assets 2017: $1,053,8882017Assets 2018: $1,076,818Liabilities 2018: $483Net Assets 2018: $1,076,3352018Assets 2019: $1,105,289Liabilities 2019: $647Net Assets 2019: $1,104,6422019Assets 2020: $992,769Liabilities 2020: $3,315Net Assets 2020: $989,4542020Assets 2021: $1,050,149Liabilities 2021: $646Net Assets 2021: $1,049,5032021Assets 2022: $960,763Liabilities 2022: $1,091Net Assets 2022: $959,6722022Assets 2023: $994,388Liabilities 2023: $2,588Net Assets 2023: $991,8002023Assets 2024: $1,063,963Liabilities 2024: $2,985Net Assets 2024: $1,060,9782024Assets 2025: $1,114,838Liabilities 2025: $107Net Assets 2025: $1,114,7312025

Highlighted filing

2019

Assets$1,105,289
Liabilities$647
Net Assets$1,104,642

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $325,5952011Expenses 2012: $413,6792012Expenses 2013: $370,8062013Revenue 2014: $235,854Expenses 2014: $307,994Net Income 2014: -$72,1402014Revenue 2015: $301,419Expenses 2015: $259,249Net Income 2015: $42,1702015Revenue 2016: $413,971Expenses 2016: $313,390Net Income 2016: $100,5812016Revenue 2017: $254,470Expenses 2017: $270,563Net Income 2017: -$16,0932017Revenue 2018: $321,292Expenses 2018: $257,424Net Income 2018: $63,8682018Revenue 2019: $277,038Expenses 2019: $243,911Net Income 2019: $33,1272019Revenue 2020: $145,795Expenses 2020: $262,623Net Income 2020: -$116,8282020Revenue 2021: $223,511Expenses 2021: $213,379Net Income 2021: $10,1322021Revenue 2022: $193,598Expenses 2022: $204,689Net Income 2022: -$11,0912022Revenue 2023: $227,172Expenses 2023: $177,676Net Income 2023: $49,4962023Revenue 2024: $253,190Expenses 2024: $257,638Net Income 2024: -$4,4482024Revenue 2025: $220,959Expenses 2025: $225,808Net Income 2025: -$4,8492025

Highlighted filing

2019

Revenue$277,038
Expenses$243,911
Net Income$33,127
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Apr 10, 2020
Return Version
2018v3.1
Gross Receipts
$346,814
Mission and Program Overview

Mission

To provide supplemental unemployment, vacation, and holiday benefits to covered members of the glaziers and glassworkers local union #660.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,076,335$1,104,642▲ $28,307
Investments in Publicly Traded Securities$533,406$781,615▲ $248,209
Cash and Non-Interest-Bearing Accounts$513,954$280,366▼ $233,588
Accounts Receivable$18,563$29,608▲ $11,045
Prepaid Expenses and Deferred Charges$2,225$490▼ $1,735
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$1,076,818$1,105,289▲ $28,471
Other Assets Total$8,670$13,210▲ $4,540
Liabilities
Accounts Payable and Accrued Expenses$483$463▼ $20
Other Liabilities$0$184▲ $184
Total Liabilities$483$647▲ $164
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,076,335$1,104,642▲ $28,307
Total Liabilities and Net Assets / Fund Balance$1,076,818$1,105,289▲ $28,471

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$8,855$8,855
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$247,384
Investment Income
$29,654
Other Revenue
$0
Change in Net Assets
$33,127

Audited Revenue Reconciliation

Revenue per Audited Statements
$274,669
Revenue Not Reported on Financial Statements
$2,369
Revenue Not Reported on Form 990
$-4,820
Total Revenue per Audited Statements
$269,849
Total Revenue per Form 990
$277,038
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$60,426
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$183,485
Fees for Services Accounting---$17,923
Other Expenses---$14,469
Fees for Service Investment Mgmnt Fees---$2,369
Fees for Services Legal---$1,924
Occupancy---$1,261
Office Expenses---$1,177
Insurance---$1,143
Total Functional Expenses$0$0$0$243,911

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$243,911
Expenses per Audited Statements$241,542
Total Expenses per Audited Statements$241,542
Expenses Not Reported on Financial Statements$2,369
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$184
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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 organization is a multiemployer benefit trust fund. Its members are comprised of all eligible participants affiliated with the glaziers & glassworkers local 660 union.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the funds manager and two trustees prior to filing. It is available to all members of the governing body.

Form 990, Part VI, Section B, Line 12C

The organization regularly monitors and enforces compliance with the written conflict of interest policy by dissussions amongst the board of trustees at quarterly meetings.

Form 990, Part VI, Section C, Line 19

The organization will make its form 1024 and form 990 available upon request. Governing documents will not be made available to the public.

Filing and Contact Details

Filer

Filer Name
Glaziers & Glassworkers Local 660
EIN
16-0921100
Phone
7166269698
Address
585 AERO DRIVE, CHEEKTOWAGA, NY 14225

Signing Officer

Name
Michael Hogan
Title
Trustee
Phone
7166269698
Signed
2020-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Hogan
Formed
1966
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Tronconi Segarra & Associates Llp
Address
8321 MAIN STREET, WILLIAMSVILLE, NY 14221
Preparer
Diane M Straka CPA
Phone
7166331373
Supplemental Narrative

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 plan and recognize a tax liability if the plan has taken an uncertain position that more likely than not would not be sustained upon examination. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management is not aware of any uncertain tax positions that would cause the plan to lose its tax status or to otherwise be subject to other taxes or penalties.

Raw XML Appendix375 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
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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 PLAN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS THAT WOULD CAUSE THE PLAN TO LOSE ITS TAX STATUS OR TO OTHERWISE BE SUBJECT TO OTHER TAXES OR PENALTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A MULTIEMPLOYER BENEFIT TRUST FUND. ITS MEMBERS ARE COMPRISED OF ALL ELIGIBLE PARTICIPANTS AFFILIATED WITH THE GLAZIERS & GLASSWORKERS LOCAL 660 UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE FUNDS MANAGER AND TWO TRUSTEES PRIOR TO FILING. IT IS AVAILABLE TO ALL MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY BY DISSUSSIONS AMONGST THE BOARD OF TRUSTEES AT QUARTERLY MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL MAKE ITS FORM 1024 AND FORM 990 AVAILABLE UPON REQUEST. GOVERNING DOCUMENTS WILL NOT BE MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1PDC #4 FINISHING TRADES INSTITUTE OF WESTERN & CENTRAL NEW YORK
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043728817
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TRONCONI SEGARRA & ASSOCIATES LLP
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DIANE M STRAKA CPA
ReturnHeader/ReturnTs02020-04-15T12:27:15-05:00
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ReturnHeader/TaxPeriodBeginDt02018-06-01
ReturnHeader/TaxPeriodEndDt02019-05-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.22$0.23$0.00
2024Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.25$0.26$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.23$0.18$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.19$0.20$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.22$0.21$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.15$0.26$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.10$0.28$0.24$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.32$0.26$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.25$0.27$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.03$0.01$1.03$0.41$0.31$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.30$0.26$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.24$0.31$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.00$1.03$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.02$1.05$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.03$1.20$0.33