Civic Intelligence

New York Welfare Fund

EIN 20-4285629 • 501(c)9 • Lynbrook, NY

Profile

Health benefits insured and self insured (stop loss)

46 Stauderman AvenueLynbrook, NY 11563

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2015

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

501(c)9 • <$500k nonprofits • Source year 2015

Asset Growth

46th percentile

-100%

Faster asset growth than 46% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

11th percentile

-100%

Faster revenue growth than 11% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$0

Down $2,081,221 (-100%) from 2014

Liabilities

Down

$0

Down $184,081 (-100%) from 2014

Net Assets

Down

$0

Down $1,897,140 (-100%) from 2014

Revenue

Down

$0

Down $1,851,121 (-100%) from 2014

Expenses

Down

$144,922

Down $1,476,140 (-91%) from 2014

Net Income

Down

-$144,922

Down $374,981 (-163%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $1,354,407Liabilities 2011: $288,077Net Assets 2011: $1,066,3302011Assets 2012: $1,555,832Liabilities 2012: $485,836Net Assets 2012: $1,069,9962012Assets 2013: $2,170,776Liabilities 2013: $391,329Net Assets 2013: $1,779,4472013Assets 2014: $2,081,221Liabilities 2014: $184,081Net Assets 2014: $1,897,1402014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $3,048,112Expenses 2011: $2,476,318Net Income 2011: $571,7942011Expenses 2012: $3,683,7652012Revenue 2013: $3,875,037Expenses 2013: $3,165,586Net Income 2013: $709,4512013Revenue 2014: $1,851,121Expenses 2014: $1,621,062Net Income 2014: $230,0592014Revenue 2015: $0Expenses 2015: $144,922Net Income 2015: -$144,9222015

Highlighted filing

2015

Revenue$0
Expenses$144,922
Net Income-$144,922

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$0
Mission and Program Overview

Mission

Health benefits insured and self insured (stop loss)

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$2,068,830$0▼ $2,068,830
Rtn Earn Endowment Incm Other Fnds$1,897,140$0▼ $1,897,140
Cash and Non-Interest-Bearing Accounts$12,391$0▼ $12,391
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,081,221$0▼ $2,081,221
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$97,941--
Other Liabilities$86,140$0▼ $86,140
Total Liabilities$184,081$0▼ $184,081
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,897,140$0▼ $1,897,140
Total Liabilities and Net Assets / Fund Balance$2,081,221$0▼ $2,081,221
Compensation and Service Providers

Board Members and Trustees

NameTitle
Barry BokowTrustee
Marvin OstreicherTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-144,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$133,935
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
Fees for Services Accounting---$91,945
Fees for Services Legal---$11,620
Benefits to Members---$10,987
Other Expenses---$655
Total Functional Expenses$0$0$0$144,922
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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 B, line 11

No review was or will be conducted.

Form 990, Part VI, Section C, line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
New York Welfare Fund
EIN
20-4285629
Phone
5167054840
Address
46 STAUDERMAN AVENUE, LYNBROOK, NY 11563

Signing Officer

Name
Barry Bokow
Title
Trustee
Phone
5167054802
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barry Bokow
Formed
2006
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Weisermazars Llp
Address
135 WEST 50TH STREET, NEW YORK, NY 10020-0002
Preparer
Israel Tannenbaum
Phone
2128127000
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 3

The fund ceased conducting all activities.

Form 990, Part XI, line 9:

Transfer to another welfare plan -1,752,218.

Raw XML Appendix307 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/BenefitsToMembersGrp/TotalAmt010987
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/NetAssetsOrFundBalancesBOYAmt01897140
IRS990/NetAssetsOrFundBalancesEOYAmt00
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IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-1752218
IRS990/OtherExpensesGrp/Desc0TRANSITIONAL REINSURANC
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2SUNDRY TAXES
IRS990/OtherExpensesGrp/TotalAmt026460
IRS990/OtherExpensesGrp/TotalAmt13255
IRS990/OtherExpensesGrp/TotalAmt2655
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt086140
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
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IRS990/PoliticalCampaignActyInd00
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IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYRevenuesLessExpensesAmt0230059
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01621062
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01851121
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-144922
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01897140
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd00
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0NATIONAL HEALTH CARE INC & AFFILIATE VOLUNTARY EMPLOYEE BENEFIT ASSOC PLAN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02015-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0061268168
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt01752218
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0EMPLOYEE BENEFIT PLAN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0COST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt046 STAUDERMAN AVE
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IRS990ScheduleN/ReceiveCompensationInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FUND CEASED CONDUCTING ALL ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSFER TO ANOTHER WELFARE PLAN -1,752,218.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, line 9:
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum05167054802
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW YORK WELFARE FUND
ReturnHeader/Filer/BusinessNameControlTxt0NEWY
ReturnHeader/Filer/EIN0204285629
ReturnHeader/Filer/PhoneNum05167054840
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ReturnHeader/Filer/USAddress/ZIPCd011563
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131459550
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0135 WEST 50TH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100200002
ReturnHeader/PreparerPersonGrp/PhoneNum02128127000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Israel Tannenbaum
ReturnHeader/ReturnTs02016-11-14T14:47:54-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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