Civic Intelligence

Kingston Trust Fund

990 • Fiscal year 2015 • EIN 16-6456453

Jul 01, 2014 to Jun 30, 2015 • Filed on May 12, 2016

PO Box 4461Kingston, NY 12402

(845) 338-5422

Siviq Scores

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

Liabilities / Assets

68th percentile

0.18x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

64th percentile

0.12x

Higher debt load relative to revenue than 64% of similar nonprofits.

2015 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2015

Net Margin

48th percentile

3.0%

Higher net margin than 48% of similar nonprofits.

2015 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

84th percentile

$204,040

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2015 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2015

Asset Growth

64th percentile

6.2%

Faster asset growth than 64% of similar nonprofits.

2015 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

60th percentile

6.4%

Faster revenue growth than 60% of similar nonprofits.

2015 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Up

$16,617,492

Up $977,317 (+6.2%) from 2014

Net Assets

Up

$13,695,865

Up $417,833 (+3.1%) from 2014

Liabilities

Up

$2,921,627

Up $559,484 (+24%) from 2014

Revenue

Up

$23,663,193

Up $1,428,780 (+6.4%) from 2014

Expenses

Up

$22,953,069

Up $1,159,267 (+5.3%) from 2014

Net Income

Up

$710,124

Up $269,513 (+61%) from 2014

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $18,185,906Liabilities 2011: $2,254,986Net Assets 2011: $15,930,9202011Assets 2012: $16,884,806Liabilities 2012: $2,294,945Net Assets 2012: $14,589,8612012Assets 2013: $15,608,354Liabilities 2013: $2,780,462Net Assets 2013: $12,827,8922013Assets 2014: $15,640,175Liabilities 2014: $2,362,143Net Assets 2014: $13,278,0322014Assets 2015: $16,617,492Liabilities 2015: $2,921,627Net Assets 2015: $13,695,8652015Assets 2016: $16,958,124Liabilities 2016: $4,254,930Net Assets 2016: $12,703,1942016Assets 2017: $18,515,474Liabilities 2017: $3,643,121Net Assets 2017: $14,872,3532017Assets 2018: $22,005,735Liabilities 2018: $3,096,907Net Assets 2018: $18,908,8282018Assets 2019: $24,615,645Liabilities 2019: $4,954,591Net Assets 2019: $19,661,0542019Assets 2020: $30,204,074Liabilities 2020: $5,042,955Net Assets 2020: $25,161,1192020Assets 2021: $35,204,756Liabilities 2021: $6,353,145Net Assets 2021: $28,851,6112021Assets 2022: $37,971,438Liabilities 2022: $3,808,527Net Assets 2022: $34,162,9112022Assets 2023: $39,261,868Liabilities 2023: $5,209,944Net Assets 2023: $34,051,9242023Assets 2024: $43,859,894Liabilities 2024: $9,697,001Net Assets 2024: $34,162,8932024

Highlighted filing

2015

Assets$16,617,492
Liabilities$2,921,627
Net Assets$13,695,865

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2011: $21,701,2042011Expenses 2012: $22,981,2582012Revenue 2013: $15,663,630Expenses 2013: $17,483,086Net Income 2013: -$1,819,4562013Revenue 2014: $22,234,413Expenses 2014: $21,793,802Net Income 2014: $440,6112014Revenue 2015: $23,663,193Expenses 2015: $22,953,069Net Income 2015: $710,1242015Revenue 2016: $24,199,163Expenses 2016: $24,822,236Net Income 2016: -$623,0732016Revenue 2017: $25,631,050Expenses 2017: $23,549,293Net Income 2017: $2,081,7572017Revenue 2018: $28,152,399Expenses 2018: $24,129,873Net Income 2018: $4,022,5262018Revenue 2019: $30,731,405Expenses 2019: $29,693,381Net Income 2019: $1,038,0242019Revenue 2020: $31,374,113Expenses 2020: $24,580,220Net Income 2020: $6,793,8932020Revenue 2021: $31,419,249Expenses 2021: $27,728,757Net Income 2021: $3,690,4922021Revenue 2022: $32,714,345Expenses 2022: $27,403,045Net Income 2022: $5,311,3002022Revenue 2023: $34,877,168Expenses 2023: $34,988,155Net Income 2023: -$110,9872023Revenue 2024: $37,383,285Expenses 2024: $37,272,316Net Income 2024: $110,9692024

Highlighted filing

2015

Revenue$23,663,193
Expenses$22,953,069
Net Income$710,124
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 12, 2016
Return Version
2014v6.0
Gross Receipts
$25,120,673
Mission and Program Overview

Mission

Member health insurance plan

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$13,691,013$14,101,743▲ $410,730
Rtn Earn Endowment Incm Other Fnds$13,278,032$13,695,865▲ $417,833
Cash and Non-Interest-Bearing Accounts$717,512$797,232▲ $79,720
Investments in Publicly Traded Securities$507,056$537,528▲ $30,472
Land, Buildings, and Equipment, Net$462,104$452,353▼ $9,751
Savings and Temporary Cash Investments$36,632$412,377▲ $375,745
Accounts Receivable$208,858$301,859▲ $93,001
Total Assets$15,640,175$16,617,492▲ $977,317
Other Assets Total$17,000$14,400▼ $2,600
Liabilities
Other Liabilities$2,328,810$2,896,627▲ $567,817
Accounts Payable and Accrued Expenses$33,333$25,000▼ $8,333
Total Liabilities$2,362,143$2,921,627▲ $559,484
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,278,032$13,695,865▲ $417,833
Total Liabilities and Net Assets / Fund Balance$15,640,175$16,617,492▲ $977,317

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$282,353$100,558$382,911
Land$170,000-$170,000
Investment Program Related Org$14,101,743--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hugh SpoljaricDirectorFT$197,940$6,100$204,040

Board Members and Trustees

NameTitle
Lauri J NaccaratoChairperson
Gail DiamondTrustee
Glenn GallagherTrustee
L OrrTrustee
Patti ParkerTrustee
Bruce CobbSecretary
Suzanne JordanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$23,246,835
Investment Income
$392,299
Other Revenue
$24,059
Change in Net Assets
$710,124

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,663,193
Revenue Not Reported on Form 990
$58,891
Total Revenue per Audited Statements
$23,722,084
Total Revenue per Form 990
$23,663,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,252,831
Salaries, Compensation, and Employee Benefits$308,104
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$19,392,134--$19,392,134
Fees for Services Management$1,904,883--$1,904,883
Current Officers, Directors, Trustees, and Key Employees-$197,940-$197,940
Other Salaries and Wages-$84,378-$84,378
Other Expenses$76,759$108,549-$76,759
Office Expenses-$27,447-$27,447
All Other Expenses-$22,855-$22,855
Fees for Services Legal-$21,600-$21,600
Fees for Services Accounting-$20,388-$20,388
Payroll Taxes-$14,886-$14,886
Insurance-$13,878-$13,878
Depreciation Depletion-$10,785-$10,785
Other Employee Benefits-$6,100-$6,100
Pension Plan Contributions-$4,800-$4,800
Total Functional Expenses$22,419,463$533,606$0$22,953,069

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$22,953,069
Total Expenses per Audited Statements$22,953,069
Total Expenses per Form 990$22,953,069
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
Ibnr Payable$2,259,935
Medical & Dental Benefits Payable$636,692
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Page 6, Part VI, Line 11B

Form 990 is reviewed by the audit committee

Form 990, Page 6, Part VI, Line 12C

Any conflicts of interest are reviewed at board meetings. Written policy adopted in 09-10 year. An annual questionaire is filled out and signed by all trustees and employees re: any conflicts of interest as the policy

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

Ceo salary determined by contract.

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

Two independent executive compensation reports and one nationwide report at salary.com

Form 990, Page 6, Part VI, Line 19

'guidestar' list all nfp 990's and we present it "upon request"

Filing and Contact Details

Filer

Filer Name
Kingston Trust Fund
EIN
16-6456453
Phone
8453385422
Address
PO BOX 4461, KINGSTON, NY 12402

Signing Officer

Name
Hugh Spoljaric
Title
Director
Phone
8453385422
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
2

Preparer

Firm
SEDORE & COMPANY CPA'S PC
Address
2678 SOUTH ROAD SUITE 101, POUGHKEEPSIE, NY 12601-5254
Preparer
Linda M Hannigan CPA
Phone
8454855510
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Prior period adjustment 351,182

Raw XML Appendix378 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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IRS990/ReconcilationRevenueExpnssAmt0710124
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt021984334
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt013278032
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt013695865
IRS990/SavingsAndTempCashInvstGrp/BOYAmt036632
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0412377
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt022953069
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt014101743
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0JACKSON NAT'L LIFE ANNUTIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt0170000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0170000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt058891
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0282353
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0100558
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0382911
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02259935
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1636692
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0IBNR PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEDICAL & DENTAL BENEFITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt058891
IRS990ScheduleD/RevenueSubtotalAmt023663193
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0452353
IRS990ScheduleD/TotalBookValueProgramRltdAmt014101743
IRS990ScheduleD/TotalExpensesPerForm990Amt022953069
IRS990ScheduleD/TotalLiabilityAmt02896627
IRS990ScheduleD/TotalRevenuePerForm990Amt023663193
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt023722084
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt022953069
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0197940
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0HUGH SPOLJARIC
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0204040
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY CONFLICTS OF INTEREST ARE REVIEWED AT BOARD MEETINGS. WRITTEN POLICY ADOPTED IN 09-10 YEAR. AN ANNUAL QUESTIONAIRE IS FILLED OUT AND SIGNED BY ALL TRUSTEES AND EMPLOYEES RE: ANY CONFLICTS OF INTEREST AS THE POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CEO SALARY DETERMINED BY CONTRACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TWO INDEPENDENT EXECUTIVE COMPENSATION REPORTS AND ONE NATIONWIDE REPORT AT SALARY.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4'GUIDESTAR' LIST ALL NFP 990'S AND WE PRESENT IT "UPON REQUEST"
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR PERIOD ADJUSTMENT 351,182
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt015640175
IRS990/TotalAssetsEOYAmt016617492
IRS990/TotalAssetsGrp/BOYAmt015640175
IRS990/TotalAssetsGrp/EOYAmt016617492
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0533606
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt022419463
IRS990/TotalFunctionalExpensesGrp/TotalAmt022953069
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02362143
IRS990/TotalLiabilitiesEOYAmt02921627
IRS990/TotalLiabilitiesGrp/BOYAmt02362143
IRS990/TotalLiabilitiesGrp/EOYAmt02921627
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013278032
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013695865
IRS990/TotalOtherCompensationAmt06100
IRS990/TotalProgramServiceExpensesAmt022419463
IRS990/TotalProgramServiceRevenueAmt023246835
IRS990/TotalReportableCompFromOrgAmt0197940
IRS990/TotalRevenueGrp/ExclusionAmt0444877
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt023218316
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt023663193
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015640175
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016617492
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.KINGSTONTRUSTFUND.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HUGH SPOLJARIC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08453385422
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KINGSTON TRUST FUND
ReturnHeader/Filer/BusinessNameControlTxt0KING
ReturnHeader/Filer/EIN0166456453
ReturnHeader/Filer/PhoneNum08453385422
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 4461
ReturnHeader/Filer/USAddress/CityNm0KINGSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012402
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141698408
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SEDORE & COMPANY CPA'S PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02678 SOUTH ROAD SUITE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0POUGHKEEPSIE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0126015254
ReturnHeader/PreparerPersonGrp/PhoneNum08454855510
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LINDA M HANNIGAN CPA
ReturnHeader/ReturnTs02016-05-16T08:31:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$43.9$9.70$34.2$37.4$37.3$0.11
2023Detailed filing. Detailed filing data is available for this year.$39.3$5.21$34.1$34.9$35.0$0.11
2022Detailed filing. Detailed filing data is available for this year.$38.0$3.81$34.2$32.7$27.4$5.31
2021Detailed filing. Detailed filing data is available for this year.$35.2$6.35$28.9$31.4$27.7$3.69
2020Detailed filing. Detailed filing data is available for this year.$30.2$5.04$25.2$31.4$24.6$6.79
2019Detailed filing. Detailed filing data is available for this year.$24.6$4.95$19.7$30.7$29.7$1.04
2018Detailed filing. Detailed filing data is available for this year.$22.0$3.10$18.9$28.2$24.1$4.02
2017Detailed filing. Detailed filing data is available for this year.$18.5$3.64$14.9$25.6$23.5$2.08
2016Detailed filing. Detailed filing data is available for this year.$17.0$4.25$12.7$24.2$24.8$0.62
2015Detailed filing. Detailed filing data is available for this year.$16.6$2.92$13.7$23.7$23.0$0.71
2014Detailed filing. Detailed filing data is available for this year.$15.6$2.36$13.3$22.2$21.8$0.44
2013Summary only. Only limited summary data is available for this year.$15.6$2.78$12.8$15.7$17.5$1.82
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$2.29$14.6$23.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$2.25$15.9$21.7