Civic Intelligence

Interstate Realty Management Co Voluntary Employee Benefit Trust

990 • Fiscal year 2018 • EIN 22-5073087

May 01, 2017 to Apr 30, 2018 • Filed on Jan 30, 2019

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

69th percentile

0.14x

Higher debt load relative to assets than 69% of similar nonprofits.

2018 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.09x

Higher debt load relative to revenue than 66% of similar nonprofits.

2018 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2018

Net Margin

62nd percentile

9.7%

Higher net margin than 62% of similar nonprofits.

2018 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

2018 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2018

Asset Growth

83rd percentile

19%

Faster asset growth than 83% of similar nonprofits.

2018 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

65th percentile

8.8%

Faster revenue growth than 65% of similar nonprofits.

2018 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$10,433,812

Up $1,657,131 (+19%) from 2017

Net Assets

Up

$8,925,979

Up $1,664,186 (+23%) from 2017

Liabilities

Down

$1,507,833

Down $7,055 (-0.5%) from 2017

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin62nd percentile

Revenue

Up

$17,187,520

Up $1,394,119 (+8.8%) from 2017

Expenses

Down

$15,521,364

Down $1,863,344 (-11%) from 2017

Net Income

Up

$1,666,156

Up $3,257,463 (+205%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2018

Assets$10,433,812
Liabilities$1,507,833
Net Assets$8,925,979
Open 2018 Filing

Operations Trend

Revenue Growth65th 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

2018

Revenue$17,187,520
Expenses$15,521,364
Net Income$1,666,156
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2017 to Apr 30, 2018
Signed
Jan 30, 2019
Return Version
2017v2.3
Gross Receipts
$17,187,520
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$7,261,793$8,925,979▲ $1,664,186
Savings and Temporary Cash Investments$0$6,291,494▲ $6,291,494
Accounts Receivable$2,252,248$2,686,603▲ $434,355
Cash and Non-Interest-Bearing Accounts$6,130,437$1,122,674▼ $5,007,763
Investments in Publicly Traded Securities$339,429$295,038▼ $44,391
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$0→ $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$8,776,681$10,433,812▲ $1,657,131
Other Assets Total$54,567$38,003▼ $16,564
Liabilities
Accounts Payable and Accrued Expenses$1,514,888$1,507,833▼ $7,055
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$1,514,888$1,507,833▼ $7,055
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,261,793$8,925,979▲ $1,664,186
Total Liabilities and Net Assets / Fund Balance$8,776,681$10,433,812▲ $1,657,131
Compensation and Service Providers
Top Officer Pay48th percentile

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
$17,174,603
Investment Income
$12,917
Other Revenue
$0
Change in Net Assets
$1,666,156

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,187,520
Revenue Not Reported on Form 990
$-1,970
Total Revenue per Audited Statements
$17,185,550
Total Revenue per Form 990
$17,187,520
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,991,415
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---$11,529,949
Fees for Services Other---$236,288
Other Expenses---$57,794
Fees for Services Accounting---$31,500
All Other Expenses---$14,331
Total Functional Expenses$0$0$0$15,521,364

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,530,919
Total Expenses per Audited Statements$15,530,919
Total Expenses per Form 990$15,521,364
Expenses Not Reported on Financial Statements$-9,555
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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, Section C, Line 19:

“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 CORPORATION
Phone
8565960500
Address
3 E Stow Road 100, Marlton, NJ 08053

Signing Officer

Name
Donald L Miller
Title
Trustee
Phone
8565960500
Signed
2019-01-30
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

Additional Explanations

Form 990, Part IV, Section B, Line 11B:

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

Financial Statement Notes

Schedule D, Part X, Line 2:

“As of April 30, 2018, 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.”

Schedule D, Part XII, Line 4B:

“Reconciliation of Expenses Other Expenses not included on from 990: Decrease in Benefit Obligations: ($9,555)”

Raw XML AppendixShowing 400 of 411 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/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
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IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1970
IRS990ScheduleD/RevenueNotReportedAmt0-1970
IRS990ScheduleD/RevenueSubtotalAmt017187520
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0As of April 30, 2018, 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/ExplanationTxt1Reconciliation of Expenses Other Expenses not included on from 990: Decrease in Benefit Obligations: ($9,555)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part XII, Line 4b:
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IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt017187520
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt017185550
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt015530919
IRS990/ScheduleJRequiredInd0false
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 IV, Section B, Line 11b:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19:
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt00
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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/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0true
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IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08776681
IRS990/TotalAssetsEOYAmt010433812
IRS990/TotalAssetsGrp/BOYAmt08776681
IRS990/TotalAssetsGrp/EOYAmt010433812
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IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01514888
IRS990/TotalLiabilitiesEOYAmt01507833
IRS990/TotalLiabilitiesGrp/BOYAmt01514888
IRS990/TotalLiabilitiesGrp/EOYAmt01507833
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07261793
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08925979
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt015530919
IRS990/TotalProgramServiceRevenueAmt017174603
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt012917
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017174603
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt017187520
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010433812
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IRS990/TravelGrp/TotalAmt00
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03 e Stow Road 100
IRS990/USAddress/CityNm0Marlton
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008053
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.themichaelsorg.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONALD L MILLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum08565960500
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Interstate Realty Management Company
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Voluntary Employee Benefit Plan
ReturnHeader/Filer/BusinessNameControlTxt0INTE
ReturnHeader/Filer/EIN0225073087
ReturnHeader/Filer/InCareOfNm0% IN CARE OF THE CORPORATION
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId024174920190645000013
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-03-05
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.13.118.18
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BDO USA LLP

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,433,812
Liabilities
$1,507,833
Net assets
$8,925,979
Revenue
$17,187,520
Expenses
$15,521,364
Net income
$1,666,156
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