Civic Intelligence

Interstate Realty Management Co Voluntary Employee Benefit Trust

990 • Fiscal year 2016 • EIN 22-5073087

May 01, 2015 to Apr 30, 2016 • Filed on Feb 23, 2017

Organization Profilewww.themichaelsorg.com
3 E Stow Road 100Marlton, NJ 08053

(856) 596-0500

Siviq Scores

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

Liabilities / Assets

65th percentile

0.14x

Higher debt load relative to assets than 65% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

63rd percentile

0.09x

Higher debt load relative to revenue than 63% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Net Margin

74th percentile

13%

Higher net margin than 74% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

99th percentile

$2,136,535

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 14.1% of source-year revenue.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Asset Growth

92nd percentile

31%

Faster asset growth than 92% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

37th percentile

-0.0%

Faster revenue growth than 37% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$10,204,822

Up $2,416,970 (+31%) from 2015

Net Assets

Up

$8,771,543

Up $2,015,017 (+30%) from 2015

Liabilities

Up

$1,433,279

Up $401,953 (+39%) from 2015

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin74th percentile

Revenue

Down

$15,106,380

Down $1,906 (-0.0%) from 2015

Expenses

Up

$13,080,374

Up $2,600,575 (+25%) from 2015

Net Income

Down

$2,026,006

Down $2,602,481 (-56%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$15M$10M$5.0M$0Assets 2011: $1,854,888Liabilities 2011: $963,095Net Assets 2011: $891,7932011Assets 2012: $1,863,057Liabilities 2012: $1,190,214Net Assets 2012: $672,8432012Assets 2014: $4,669,229Liabilities 2014: $774,508Net Assets 2014: $3,894,7212014Assets 2015: $7,787,852Liabilities 2015: $1,031,326Net Assets 2015: $6,756,5262015Assets 2016: $10,204,822Liabilities 2016: $1,433,279Net Assets 2016: $8,771,5432016Assets 2017: $8,776,681Liabilities 2017: $1,514,888Net Assets 2017: $7,261,7932017Assets 2018: $10,433,812Liabilities 2018: $1,507,833Net Assets 2018: $8,925,9792018Assets 2019: $8,191,472Liabilities 2019: $1,458,724Net Assets 2019: $6,732,7482019Assets 2020: $9,444,767Liabilities 2020: $1,665,525Net Assets 2020: $7,779,2422020Assets 2021: $11,014,462Liabilities 2021: $1,571,665Net Assets 2021: $9,442,7972021Assets 2022: $11,156,008Liabilities 2022: $1,955,510Net Assets 2022: $9,200,4982022Assets 2023: $11,413,026Liabilities 2023: $2,015,472Net Assets 2023: $9,397,5542023Assets 2024: $12,042,980Liabilities 2024: $2,224,221Net Assets 2024: $9,818,7592024Assets 2025: $11,745,806Liabilities 2025: $2,548,779Net Assets 2025: $9,197,0272025

Highlighted filing

2016

Assets$10,204,822
Liabilities$1,433,279
Net Assets$8,771,543
Open 2016 Filing

Operations Trend

Revenue Growth37th percentile

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

$30M$20M$10M$0-$10MRevenue 2011: $9,168,292Expenses 2011: $8,580,611Net Income 2011: $587,6812011Revenue 2012: $10,395,230Expenses 2012: $10,606,188Net Income 2012: -$210,9582012Revenue 2014: $14,108,305Expenses 2014: $11,657,483Net Income 2014: $2,450,8222014Revenue 2015: $15,108,286Expenses 2015: $10,479,799Net Income 2015: $4,628,4872015Revenue 2016: $15,106,380Expenses 2016: $13,080,374Net Income 2016: $2,026,0062016Revenue 2017: $15,793,401Expenses 2017: $17,384,708Net Income 2017: -$1,591,3072017Revenue 2018: $17,187,520Expenses 2018: $15,521,364Net Income 2018: $1,666,1562018Revenue 2019: $18,362,189Expenses 2019: $20,553,727Net Income 2019: -$2,191,5382019Revenue 2020: $19,517,612Expenses 2020: $18,350,849Net Income 2020: $1,166,7632020Revenue 2021: $21,703,266Expenses 2021: $20,145,133Net Income 2021: $1,558,1332021Revenue 2022: $21,947,816Expenses 2022: $22,200,300Net Income 2022: -$252,4842022Revenue 2023: $21,113,463Expenses 2023: $20,856,717Net Income 2023: $256,7462023Revenue 2024: $23,015,963Expenses 2024: $24,222,740Net Income 2024: -$1,206,7772024Revenue 2025: $24,901,374Expenses 2025: $25,271,060Net Income 2025: -$369,6862025

Highlighted filing

2016

Revenue$15,106,380
Expenses$13,080,374
Net Income$2,026,006
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2015 to Apr 30, 2016
Signed
Feb 23, 2017
Return Version
2015v3.0
Gross Receipts
$15,106,380
Mission and Program Overview

Mission

To provide health, dental, vision, and life insurance for all employees of the michaels organization. This was accomplished by both employee and employer contributions to the trust fund, insurance products and plan administration.

To provide health, dental, vision, and life insurance for all employees of interstate realty management Co. This was accomplished by both employee and employer contributions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$6,756,526$8,771,543▲ $2,015,017
Investments in Publicly Traded Securities$5,564,596$6,568,067▲ $1,003,471
Accounts Receivable$235,759$3,575,354▲ $3,339,595
Savings and Temporary Cash Investments$575,261$0▼ $575,261
Cash and Non-Interest-Bearing Accounts$1,390,948$24,569▼ $1,366,379
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $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$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$7,787,852$10,204,822▲ $2,416,970
Other Assets Total$21,288$36,832▲ $15,544
Liabilities
Accounts Payable and Accrued Expenses$1,031,326$1,433,279▲ $401,953
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,031,326$1,433,279▲ $401,953
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,756,526$8,771,543▲ $2,015,017
Total Liabilities and Net Assets / Fund Balance$7,787,852$10,204,822▲ $2,416,970
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
James V BleilerTrustee$147,680$147,680

Board Members and Trustees

NameTitle
Donald L MillerTrustee
JOHN O'DONNELLTrustee
Mark MorganTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$15,091,841
Investment Income
$14,539
Other Revenue
$0
Change in Net Assets
$2,026,006

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,106,380
Revenue Not Reported on Form 990
$-10,989
Total Revenue per Audited Statements
$15,095,391
Total Revenue per Form 990
$15,106,380
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,163,990
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---$9,916,384
Fees for Services Other---$216,461
Fees for Services Accounting---$46,000
Other Expenses---$5,819
All Other Expenses---$1,512
Fees for Services Legal---$1,280
Total Functional Expenses$0$0$0$13,080,374

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,080,374
Expenses per Audited Statements$12,655,015
Total Expenses per Audited Statements$12,655,015
Expenses Not Reported on Financial Statements$425,359
Other Expense Adjustments$425,359
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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

“A copy of the form 990 was provided to the trustees for review prior to filing.”

Form 990, Part VI, Line 19-other Organization Document Publicly

“The organization's plan documents and financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Interstate Realty Management Company
EIN
22-5073087
In Care Of
% IN CARE OF THE COPORATION
Phone
8565960500
Address
3 E Stow Road 100, Marlton, NJ 08053

Signing Officer

Name
Donald L Miller
Title
Trustee
Phone
8565960500
Signed
2017-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Morgan
Formed
1985
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA Llp
Address
1801 MARKET STREET SUITE 1700, PHILADELPHIA, PA 19103
Preparer
Marc R Berger CPA
Phone
2155641900
Supplemental Narrative

Financial Statement Notes

Part X - Fin 48 Footnote

“As of April 30, 2016, the Sponsor has not identified any uncertain tax positions taken or expected to be taken on an income tax return which would require adjustment to or disclosure in the Trust's financial statements. In addition, the Sponsor believes the Trust's tax status as a tax-exempt entity would be sustained under IRS examination. The Trust is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

Part XII - Reconciliation of Expenses

“Other Expenses included on from 990: Increase in Benefit Obligations: $425,359”

Raw XML AppendixShowing 400 of 428 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0As of April 30, 2016, the Sponsor has not identified any uncertain tax positions taken or expected to be taken on an income tax return which would require adjustment to or disclosure in the Trust's financial statements. In addition, the Sponsor believes the Trust's tax status as a tax-exempt entity would be sustained under IRS examination. The Trust is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Other Expenses included on from 990: Increase in Benefit Obligations: $425,359
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X - Fin 48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII - Reconciliation of Expenses
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt017932
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt117942
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt211949
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Mark Morgan
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOHN O'DONNELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DONALD L MILLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Trustee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TRUSTEE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt12136535
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2256374
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 WAS PROVIDED TO THE TRUSTEES FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S PLAN DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 11B FORM 990 REVIEW PROCESS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 19-OTHER ORGANIZATION DOCUMENT PUBLICLY
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0222012047
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0S CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0INTERSTATE REALTY MANAGEMENT COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0MARLTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NJ
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MICHAELS ORGANIZATION EDUCATIONAL FOUNDA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0223113975
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Scholarships
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Marlton
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt01433279
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08771543
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IRS990/TotalProgramServiceExpensesAmt013080374
IRS990/TotalProgramServiceRevenueAmt015091841
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IRS990/TotalRevenueGrp/ExclusionAmt014539
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015091841
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt015106380
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010204822
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
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IRS990/USAddress/CityNm0Marlton
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008053
IRS990/VotingMembersGoverningBodyCnt03
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IRS990/WebsiteAddressTxt0www.themichaelsorg.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,204,822
Liabilities
$1,433,279
Net assets
$8,771,543
Revenue
$15,106,380
Expenses
$13,080,374
Net income
$2,026,006
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.7$2.55$9.20$24.9$25.3$0.37
2024Detailed filing. Detailed filing data is available for this year.$12.0$2.22$9.82$23.0$24.2$1.21
2023Detailed filing. Detailed filing data is available for this year.$11.4$2.02$9.40$21.1$20.9$0.26
2022Detailed filing. Detailed filing data is available for this year.$11.2$1.96$9.20$21.9$22.2$0.25
2021Detailed filing. Detailed filing data is available for this year.$11.0$1.57$9.44$21.7$20.1$1.56
2020Detailed filing. Detailed filing data is available for this year.$9.44$1.67$7.78$19.5$18.4$1.17
2019Summary only. Only limited summary data is available for this year.$8.19$1.46$6.73$18.4$20.6$2.19
2018Detailed filing. Detailed filing data is available for this year.$10.4$1.51$8.93$17.2$15.5$1.67
2017Detailed filing. Detailed filing data is available for this year.$8.78$1.51$7.26$15.8$17.4$1.59
2016Detailed filing. Detailed filing data is available for this year.$10.2$1.43$8.77$15.1$13.1$2.03
2015Summary only. Only limited summary data is available for this year.$7.79$1.03$6.76$15.1$10.5$4.63
2014Summary only. Only limited summary data is available for this year.$4.67$0.77$3.89$14.1$11.7$2.45
2012Summary only. Only limited summary data is available for this year.$1.86$1.19$0.67$10.4$10.6$0.21
2011Summary only. Only limited summary data is available for this year.$1.85$0.96$0.89$9.17$8.58$0.59