Civic Intelligence

Veritans Club Inc

990 • Fiscal year 2015 • EIN 22-1476163

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

225 Pompton RdHaledon, NJ 07508

(201) 881-0800

Siviq Scores

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

Liabilities / Assets

70th percentile

0.26x

Higher debt load relative to assets than 70% of similar nonprofits.

2015 filings • NTEE N • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

71st percentile

0.40x

Higher debt load relative to revenue than 71% of similar nonprofits.

2015 filings • NTEE N • $1M-$5M nonprofits • Source year 2015

Net Margin

9th percentile

-24%

Higher net margin than 9% of similar nonprofits.

2015 filings • NTEE N • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE N • $1M-$5M nonprofits • Source year 2015

Asset Growth

8th percentile

-14%

Faster asset growth than 8% of similar nonprofits.

2015 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

13th percentile

-19%

Faster revenue growth than 13% of similar nonprofits.

2015 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,233,691

Down $193,045 (-14%) from 2014

Net Assets

Down

$915,686

Down $190,730 (-17%) from 2014

Liabilities

Down

$318,005

Down $2,315 (-0.7%) from 2014

Revenue

Down

$803,770

Down $182,585 (-19%) from 2014

Expenses

Up

$994,499

Up $8,177 (+0.8%) from 2014

Net Income

Down

-$190,729

Down $190,762 (-578067%) from 2014

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 2010: $959,216Liabilities 2010: $6,135Net Assets 2010: $953,0812010Assets 2011: $1,148,812Liabilities 2011: $245,829Net Assets 2011: $902,9832011Assets 2012: $1,339,181Liabilities 2012: $305,942Net Assets 2012: $1,033,2392012Assets 2013: $1,421,321Liabilities 2013: $314,938Net Assets 2013: $1,106,3832013Assets 2014: $1,426,736Liabilities 2014: $320,320Net Assets 2014: $1,106,4162014Assets 2015: $1,233,691Liabilities 2015: $318,005Net Assets 2015: $915,6862015Assets 2016: $1,289,185Liabilities 2016: $304,950Net Assets 2016: $984,2352016Assets 2017: $1,499,256Liabilities 2017: $302,830Net Assets 2017: $1,196,4262017Assets 2018: $1,616,075Liabilities 2018: $296,912Net Assets 2018: $1,319,1632018Assets 2019: $1,378,533Liabilities 2019: $59,525Net Assets 2019: $1,319,0082019Assets 2020: $1,267,724Liabilities 2020: $285,260Net Assets 2020: $982,4642020Assets 2021: $1,340,763Liabilities 2021: $256,456Net Assets 2021: $1,084,3072021Assets 2022: $1,343,039Liabilities 2022: $318,543Net Assets 2022: $1,024,4962022Assets 2023: $1,588,932Liabilities 2023: $707,028Net Assets 2023: $881,9042023Assets 2024: $1,758,128Liabilities 2024: $1,132,551Net Assets 2024: $625,5772024

Highlighted filing

2015

Assets$1,233,691
Liabilities$318,005
Net Assets$915,686

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $186,2152010Expenses 2011: $296,8422011Expenses 2012: $920,3282012Revenue 2013: $1,085,636Expenses 2013: $1,013,271Net Income 2013: $72,3652013Revenue 2014: $986,355Expenses 2014: $986,322Net Income 2014: $332014Revenue 2015: $803,770Expenses 2015: $994,499Net Income 2015: -$190,7292015Revenue 2016: $1,073,135Expenses 2016: $1,004,586Net Income 2016: $68,5492016Revenue 2017: $941,756Expenses 2017: $729,565Net Income 2017: $212,1912017Revenue 2018: $423,406Expenses 2018: $300,669Net Income 2018: $122,7372018Revenue 2019: $314,560Expenses 2019: $314,715Net Income 2019: -$1552019Revenue 2020: $59,018Expenses 2020: $307,571Net Income 2020: -$248,5532020Revenue 2021: $264,988Expenses 2021: $208,809Net Income 2021: $56,1792021Revenue 2022: $229,961Expenses 2022: $289,772Net Income 2022: -$59,8112022Revenue 2023: $151,264Expenses 2023: $293,856Net Income 2023: -$142,5922023Revenue 2024: $113,815Expenses 2024: $370,142Net Income 2024: -$256,3272024

Highlighted filing

2015

Revenue$803,770
Expenses$994,499
Net Income-$190,729
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.0
Gross Receipts
$829,140
Mission and Program Overview

Mission

Provide, maintain and operate not-for-profit day camp for children

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$563,001$499,709▼ $63,292
Savings and Temporary Cash Investments$429,487$407,791▼ $21,696
Accounts Receivable$374,453$237,363▼ $137,090
Cash and Non-Interest-Bearing Accounts$38,378$56,023▲ $17,645
Prepaid Expenses and Deferred Charges$8,200$20,114▲ $11,914
Pledges and Grants Receivable$12,691$12,691→ $0
Other Notes and Loans Receivable, Net$525$0▼ $525
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,426,735$1,233,691▼ $193,044
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$296,500$296,500→ $0
Accounts Payable and Accrued Expenses$19,420$17,372▼ $2,048
Deferred Revenue$4,400$4,133▼ $267
Total Liabilities$320,320$318,005▼ $2,315
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,034,027$843,298▼ $190,729
Unrestricted Net Assets$72,388$72,388→ $0
Total Net Assets Fund Balance$1,106,415$915,686▼ $190,729
Total Liabilities and Net Assets / Fund Balance$1,426,735$1,233,691▼ $193,044

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$438,709$1,113,474-
Land$61,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
David SchwartzPresident
James BlakeVice President
Victor RudowVice President
Al BogradDirector
Alan MerkerDirector
Gene SchulmanDirector
Jeff NisensenDirector
Lary RaikenDirector
Paul BeckDirector
Bernard L KashmanTrustee
Rob SmithSecretary
Mark MurrayTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jordan TransprtationBus Children284 MAIN STREET, Butler, NJ 07405-
Revenue and Support

Revenue Composition

Contributions and Grants
$51,029
Program Service Revenue
$0
Investment Income
$6,444
Other Revenue
$746,297
All Other Contributions
$39,679
Change in Net Assets
$-190,729
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$591,760
Salaries, Compensation, and Employee Benefits$402,739
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$346,466--$346,466
Depreciation Depletion$74,489--$74,489
Payroll Taxes$56,273--$56,273
Insurance$52,515--$52,515
Advertising$15,764--$15,764
All Other Expenses$8,758$5,505-$14,263
Fees for Services Legal$10,376--$10,376
Other Expenses$4,617--$4,617
Total Functional Expenses$988,994$5,505$0$994,499
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,428
Fundraising Direct Expenses$12,900
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gold Raffle$14,970$14,970-$14,970
Golf Outing$15,785$13,435-$13,435
Total Events$30,755$28,405$12,900$15,505
Political and Lobbying Activity
Political campaign activity
No
Lobbying 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
Annual disclosure for covered persons
No
Audit committee
No
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
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, Line 11B: Form 990 Review Process

No review was conducted before it was submitted review will be done within a month from filing

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents made available to the public just on irs website

Filing and Contact Details

Filer

Filer Name
Veritans Club Inc
EIN
22-1476163
Phone
2018810800
Address
225 POMPTON RD, HALEDON, NJ 07508

Signing Officer

Name
David Schwartz
Title
President
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Schwartz
Formed
1951
Legal Domicile
Nj
Voting Board Members
54
Independent Board Members
54
Employees
98

Preparer

Firm
Mark L Murray LLC
Address
55 HARRISTOWN RD SUITE 103, GLEN ROCK, NJ 07452-3303
Preparer
Mark Murray
Phone
2018810800
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$1.13$0.63$0.11$0.37$0.26
2023Detailed filing. Detailed filing data is available for this year.$1.59$0.71$0.88$0.15$0.29$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.34$0.32$1.02$0.23$0.29$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.34$0.26$1.08$0.26$0.21$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.27$0.29$0.98$0.06$0.31$0.25
2019Detailed filing. Detailed filing data is available for this year.$1.38$0.06$1.32$0.31$0.31$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.62$0.30$1.32$0.42$0.30$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.50$0.30$1.20$0.94$0.73$0.21
2016Summary only. Only limited summary data is available for this year.$1.29$0.30$0.98$1.07$1.00$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.23$0.32$0.92$0.80$0.99$0.19
2014Summary only. Only limited summary data is available for this year.$1.43$0.32$1.11$0.99$0.99$0.00
2013Summary only. Only limited summary data is available for this year.$1.42$0.31$1.11$1.09$1.01$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.31$1.03$0.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.25$0.90$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.01$0.95$0.19