Civic Intelligence

Operative Plasterers & Cement Masons 29 Benefit Fund

990 • Fiscal year 2017 • EIN 22-1507478

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 05, 2018

Organization ProfileNONE

View Organization Page

130 Central AvenueJersey City, NJ 07306

(201) 653-2065

Siviq Scores

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

Liabilities / Assets

57th percentile

0.03x

Higher debt load relative to assets than 57% of similar nonprofits.

2017 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

64th percentile

0.05x

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

2017 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2017

Net Margin

30th percentile

0.3%

Higher net margin than 30% of similar nonprofits.

2017 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

42nd percentile

$86,660

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2017 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2017

Asset Growth

13th percentile

-5.7%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

25th percentile

-3.1%

Faster revenue growth than 25% of similar nonprofits.

2017 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$3,364,355

Down $204,198 (-5.7%) from 2016

Net Assets

Up

$3,267,349

Up $5,079 (+0.2%) from 2016

Liabilities

Down

$97,006

Down $209,277 (-68%) from 2016

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin30th percentile

Revenue

Down

$1,777,148

Down $57,232 (-3.1%) from 2016

Expenses

Up

$1,772,069

Up $76,258 (+4.5%) from 2016

Net Income

Down

$5,079

Down $133,490 (-96%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,389,553Liabilities 2011: $11,432Net Assets 2011: $2,378,1212011Assets 2012: $2,302,245Liabilities 2012: $7,515Net Assets 2012: $2,294,7302012Assets 2013: $2,445,551Liabilities 2013: $3,065Net Assets 2013: $2,442,4862013Assets 2014: $2,733,551Liabilities 2014: $3,850Net Assets 2014: $2,729,7012014Assets 2015: $3,134,716Liabilities 2015: $11,015Net Assets 2015: $3,123,7012015Assets 2016: $3,568,553Liabilities 2016: $306,283Net Assets 2016: $3,262,2702016Assets 2017: $3,364,355Liabilities 2017: $97,006Net Assets 2017: $3,267,3492017Assets 2018: $3,118,700Liabilities 2018: $166,718Net Assets 2018: $2,951,9822018Assets 2019: $3,663,025Liabilities 2019: $140,920Net Assets 2019: $3,522,1052019Assets 2020: $4,196,538Liabilities 2020: $212,820Net Assets 2020: $3,983,7182020Assets 2021: $3,517,524Liabilities 2021: $14,720Net Assets 2021: $3,502,8042021Assets 2022: $3,264,789Liabilities 2022: $185,777Net Assets 2022: $3,079,0122022Assets 2023: $3,351,790Liabilities 2023: $98,986Net Assets 2023: $3,252,8042023Assets 2024: $3,353,366Liabilities 2024: $168,280Net Assets 2024: $3,185,0862024

Highlighted filing

2017

Assets$3,364,355
Liabilities$97,006
Net Assets$3,267,349
Open 2017 Filing

Operations Trend

Revenue Growth25th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $745,004Expenses 2011: $750,282Net Income 2011: -$5,2782011Revenue 2012: $766,992Expenses 2012: $850,383Net Income 2012: -$83,3912012Revenue 2013: $880,288Expenses 2013: $732,532Net Income 2013: $147,7562013Revenue 2014: $1,430,586Expenses 2014: $1,143,371Net Income 2014: $287,2152014Revenue 2015: $1,691,743Expenses 2015: $1,297,743Net Income 2015: $394,0002015Revenue 2016: $1,834,380Expenses 2016: $1,695,811Net Income 2016: $138,5692016Revenue 2017: $1,777,148Expenses 2017: $1,772,069Net Income 2017: $5,0792017Revenue 2018: $1,769,029Expenses 2018: $2,067,794Net Income 2018: -$298,7652018Revenue 2019: $1,913,147Expenses 2019: $1,461,855Net Income 2019: $451,2922019Revenue 2020: $2,084,891Expenses 2020: $1,708,333Net Income 2020: $376,5582020Revenue 2021: $1,396,513Expenses 2021: $1,899,196Net Income 2021: -$502,6832021Revenue 2022: $1,575,747Expenses 2022: $1,792,541Net Income 2022: -$216,7942022Revenue 2023: $1,264,021Expenses 2023: $1,193,512Net Income 2023: $70,5092023Revenue 2024: $1,353,873Expenses 2024: $1,499,469Net Income 2024: -$145,5962024

Highlighted filing

2017

Revenue$1,777,148
Expenses$1,772,069
Net Income$5,079
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 5, 2018
Return Version
2017v2.2
Gross Receipts
$1,777,148
Mission and Program Overview

Mission

Welfare benefit plan - multi employer - collectively bargained - sponsored by trade union.

Welfare benefit plan - multi employer - collectively bargained - sponsored by trade union. Provides health benefits for tradespersons & their dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,262,270$3,267,349▲ $5,079
Investments in Publicly Traded Securities$2,306,784$2,225,369▼ $81,415
Savings and Temporary Cash Investments$1,118,081$986,050▼ $132,031
Cash and Non-Interest-Bearing Accounts$130,672$137,327▲ $6,655
Land, Buildings, and Equipment, Net$351$234▼ $117
Accounts Receivable-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,568,553$3,364,355▼ $204,198
Other Assets Total$12,665$15,375▲ $2,710
Liabilities
Other Liabilities$286,991$79,976▼ $207,015
Accounts Payable and Accrued Expenses$19,292$17,030▼ $2,262
Total Liabilities$306,283$97,006▼ $209,277
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,262,270$3,267,349▲ $5,079
Total Liabilities and Net Assets / Fund Balance$3,568,553$3,364,355▼ $204,198

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$234$10,158$10,392
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marc L GalloAdministratorPT$40,353$46,307$86,660
Vincent FrantantoniTrustee--$36,793$36,793
Charlie Rolon JrTrusteePT$25,161$10,496$35,657

Board Members and Trustees

NameTitle
Peter GargiuloTrustee
Peter NataleTrustee
Thomas GregorTrustee
Timothy MullinTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,609,780
Investment Income
$167,368
Other Revenue
$0
Change in Net Assets
$5,079
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$401,999
Salaries, Compensation, and Employee Benefits$136,025
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,234,045
Current Officers, Directors, Trustees, and Key Employees---$65,514
Other Salaries and Wages---$26,387
Other Employee Benefits---$24,654
Fees for Service Investment Mgmnt Fees---$20,992
Fees for Services Other---$17,432
Office Expenses---$11,813
Payroll Taxes---$11,533
Fees for Services Accounting---$10,500
Occupancy---$8,540
Pension Plan Contributions---$7,937
Fees for Services Legal---$7,600
Insurance---$1,877
Other Expenses---$502
Conferences and Meetings---$350
Depreciation Depletion---$117
Total Functional Expenses$0$0$0$1,772,069
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Health Benefit Claims Payable$79,976
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
Other officer compensation reviewed
Yes
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

“SEE BELOW”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“SEE BELOW.”

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

“The filing entity is a welfare benefit fund that provides medical payments for eligible members and their dependents. Employers of union tradespersons make contributions to the fund based upon hourly rates set by a collectively bargained agreement. The fund pays for covered medical expenses incurred by members and their covered dependents. It also pays for stop loss insurance that would provide benefits in the vent of catastrophic claims. The fund retains a third party administrator to approve and review all claims. The fund is subject to rules and regulations set forth by the u.s. Department of labor. Related form 5500 is also filed annually by the fund. The fund is audited each year by an independent certified public accounting firm. All compensation and fees paid by the fund are reviewed and approved by the fund trustees before payment. Form 990 is subject to review by the fund administrator, the trustees, and the independent cpa's. The fund did not receive any non cash contributions during the year. Fund revenues consisted of contractor contribution payments plus earnings on investments. Form 990, form 5500, the collective bargaining agreement and the eligibility and coverage provisions are all subject to review by the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Operative Plasterers & Cement Masons 29
EIN
22-1507478
Phone
2016532065
Address
130 CENTRAL AVENUE, JERSEY CITY, NJ 07306

Signing Officer

Name
Marc L Gallo
Title
Fund Administr
Signed
2018-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marc L Gallo
Formed
1952
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
3

Preparer

Firm
Puzo & Mortenson LLC
Address
505 Boulevard, Kenilworth, NJ 07033
Preparer
Nicholas Puzo
Phone
9087093703
Raw XML Appendix351 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/PYSalariesCompEmpBnftPaidAmt0138804
IRS990/PYTotalExpensesAmt01695811
IRS990/PYTotalRevenueAmt01834380
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt05079
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010392
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0HEALTH BENEFIT CLAIMS PAYABLE
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IRS990ScheduleD/TotalLiabilityAmt079976
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEE BELOW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SEE BELOW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FILING ENTITY IS A WELFARE BENEFIT FUND THAT PROVIDES MEDICAL PAYMENTS FOR ELIGIBLE MEMBERS AND THEIR DEPENDENTS. EMPLOYERS OF UNION TRADESPERSONS MAKE CONTRIBUTIONS TO THE FUND BASED UPON HOURLY RATES SET BY A COLLECTIVELY BARGAINED AGREEMENT. THE FUND PAYS FOR COVERED MEDICAL EXPENSES INCURRED BY MEMBERS AND THEIR COVERED DEPENDENTS. IT ALSO PAYS FOR STOP LOSS INSURANCE THAT WOULD PROVIDE BENEFITS IN THE VENT OF CATASTROPHIC CLAIMS. THE FUND RETAINS A THIRD PARTY ADMINISTRATOR TO APPROVE AND REVIEW ALL CLAIMS. THE FUND IS SUBJECT TO RULES AND REGULATIONS SET FORTH BY THE U.S. DEPARTMENT OF LABOR. RELATED FORM 5500 IS ALSO FILED ANNUALLY BY THE FUND. THE FUND IS AUDITED EACH YEAR BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. ALL COMPENSATION AND FEES PAID BY THE FUND ARE REVIEWED AND APPROVED BY THE FUND TRUSTEES BEFORE PAYMENT. FORM 990 IS SUBJECT TO REVIEW BY THE FUND ADMINISTRATOR, THE TRUSTEES, AND THE INDEPENDENT CPA'S. THE FUND DID NOT RECEIVE ANY NON CASH CONTRIBUTIONS DURING THE YEAR. FUND REVENUES CONSISTED OF CONTRACTOR CONTRIBUTION PAYMENTS PLUS EARNINGS ON INVESTMENTS. FORM 990, FORM 5500, THE COLLECTIVE BARGAINING AGREEMENT AND THE ELIGIBILITY AND COVERAGE PROVISIONS ARE ALL SUBJECT TO REVIEW BY THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01772069
IRS990/TotalGrossUBIAmt00
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IRS990/TravelGrp/TotalAmt00
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt041 KEARNEY ST
IRS990/USAddress/CityNm0LYNDHURST
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007071
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0NONE
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARC L GALLO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FUND ADMINISTR
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPERATIVE PLASTERERS & CEMENT MASONS 29
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0BENEFIT FUND
ReturnHeader/Filer/BusinessNameControlTxt0OPER
ReturnHeader/Filer/EIN0221507478
ReturnHeader/Filer/PhoneNum02016532065
ReturnHeader/Filer/USAddress/AddressLine1Txt0130 CENTRAL AVENUE
ReturnHeader/Filer/USAddress/CityNm0JERSEY CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007306
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0800008506
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Puzo & Mortenson LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0505 Boulevard
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Kenilworth
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007033
ReturnHeader/PreparerPersonGrp/PhoneNum09087093703
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nicholas Puzo
ReturnHeader/ReturnTs02018-11-05T07:40:44-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,364,355
Liabilities
$97,006
Net assets
$3,267,349
Revenue
$1,777,148
Expenses
$1,772,069
Net income
$5,079
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$0.17$3.19$1.35$1.50$0.15
2023Detailed filing. Detailed filing data is available for this year.$3.35$0.10$3.25$1.26$1.19$0.07
2022Detailed filing. Detailed filing data is available for this year.$3.26$0.19$3.08$1.58$1.79$0.22
2021Detailed filing. Detailed filing data is available for this year.$3.52$0.01$3.50$1.40$1.90$0.50
2020Detailed filing. Detailed filing data is available for this year.$4.20$0.21$3.98$2.08$1.71$0.38
2019Summary only. Only limited summary data is available for this year.$3.66$0.14$3.52$1.91$1.46$0.45
2018Summary only. Only limited summary data is available for this year.$3.12$0.17$2.95$1.77$2.07$0.30
2017Detailed filing. Detailed filing data is available for this year.$3.36$0.10$3.27$1.78$1.77$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.57$0.31$3.26$1.83$1.70$0.14
2015Detailed filing. Detailed filing data is available for this year.$3.13$0.01$3.12$1.69$1.30$0.39
2014Detailed filing. Detailed filing data is available for this year.$2.73$0.00$2.73$1.43$1.14$0.29
2013Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.44$0.88$0.73$0.15
2012Summary only. Only limited summary data is available for this year.$2.30$0.01$2.29$0.77$0.85$0.08
2011Summary only. Only limited summary data is available for this year.$2.39$0.01$2.38$0.75$0.75$0.01