Civic Intelligence

Refrigeration and Air Conditioning Division U a of N J Welfare Fund

990 • Fiscal year 2018 • EIN 22-6211042

Mar 01, 2017 to Feb 28, 2018 • Filed on Jan 15, 2019

830 Bear Tavern RoadWest Trenton, NJ 08628

(609) 718-1323

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.23x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

74th percentile

0.17x

Higher debt load relative to revenue than 74% of similar nonprofits.

2018 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2018

Net Margin

32nd percentile

0.1%

Higher net margin than 32% of similar nonprofits.

2018 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2018 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2018

Asset Growth

37th percentile

-0.9%

Faster asset growth than 37% of similar nonprofits.

2018 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

13%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Down

$23,628,111

Down $211,819 (-0.9%) from 2017

Net Assets

Down

$18,250,798

Down $193,060 (-1.0%) from 2017

Liabilities

Down

$5,377,313

Down $18,759 (-0.3%) from 2017

Revenue

Up

$32,115,989

Up $3,587,675 (+13%) from 2017

Expenses

Up

$32,099,258

Up $3,033,349 (+10%) from 2017

Net Income

Up

$16,731

Up $554,326 (+103%) from 2017

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $13,981,025Liabilities 2010: $3,395,279Net Assets 2010: $10,585,7462010Assets 2011: $14,451,744Liabilities 2011: $3,591,206Net Assets 2011: $10,860,5382011Assets 2012: $18,055,128Liabilities 2012: $3,719,534Net Assets 2012: $14,335,5942012Assets 2013: $20,941,080Liabilities 2013: $3,747,684Net Assets 2013: $17,193,3962013Assets 2014: $23,344,298Liabilities 2014: $3,933,627Net Assets 2014: $19,410,6712014Assets 2015: $24,866,079Liabilities 2015: $4,336,287Net Assets 2015: $20,529,7922015Assets 2016: $23,914,614Liabilities 2016: $4,851,504Net Assets 2016: $19,063,1102016Assets 2017: $23,839,930Liabilities 2017: $5,396,072Net Assets 2017: $18,443,8582017Assets 2018: $23,628,111Liabilities 2018: $5,377,313Net Assets 2018: $18,250,7982018Assets 2019: $25,418,298Liabilities 2019: $5,620,343Net Assets 2019: $19,797,9552019Assets 2020: $30,962,210Liabilities 2020: $5,154,923Net Assets 2020: $25,807,2872020Assets 2021: $34,130,098Liabilities 2021: $5,256,311Net Assets 2021: $28,873,7872021Assets 2022: $34,319,636Liabilities 2022: $6,032,350Net Assets 2022: $28,287,2862022Assets 2023: $31,048,013Liabilities 2023: $6,422,106Net Assets 2023: $24,625,9072023Assets 2024: $35,630,413Liabilities 2024: $6,001,316Net Assets 2024: $29,629,0972024Assets 2025: $38,170,006Liabilities 2025: $7,358,059Net Assets 2025: $30,811,9472025

Highlighted filing

2018

Assets$23,628,111
Liabilities$5,377,313
Net Assets$18,250,798

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $23,039,8232010Revenue 2011: $24,811,856Expenses 2011: $24,890,924Net Income 2011: -$79,0682011Expenses 2012: $24,094,7362012Expenses 2013: $22,819,2512013Revenue 2014: $27,700,419Expenses 2014: $25,149,990Net Income 2014: $2,550,4292014Revenue 2015: $26,363,111Expenses 2015: $25,563,949Net Income 2015: $799,1622015Revenue 2016: $27,159,904Expenses 2016: $28,053,744Net Income 2016: -$893,8402016Revenue 2017: $28,528,314Expenses 2017: $29,065,909Net Income 2017: -$537,5952017Revenue 2018: $32,115,989Expenses 2018: $32,099,258Net Income 2018: $16,7312018Revenue 2019: $34,746,889Expenses 2019: $33,123,105Net Income 2019: $1,623,7842019Revenue 2020: $38,502,340Expenses 2020: $33,387,731Net Income 2020: $5,114,6092020Revenue 2021: $36,401,799Expenses 2021: $33,564,762Net Income 2021: $2,837,0372021Revenue 2022: $39,998,701Expenses 2022: $39,788,854Net Income 2022: $209,8472022Revenue 2023: $43,829,641Expenses 2023: $45,514,983Net Income 2023: -$1,685,3422023Revenue 2024: $50,351,069Expenses 2024: $45,713,709Net Income 2024: $4,637,3602024Revenue 2025: $55,711,254Expenses 2025: $54,989,607Net Income 2025: $721,6472025

Highlighted filing

2018

Revenue$32,115,989
Expenses$32,099,258
Net Income$16,731
Jump To
Filing Snapshot
Filing Period
Mar 1, 2017 to Feb 28, 2018
Signed
Jan 15, 2019
Return Version
2017v2.3
Gross Receipts
$32,115,989
Mission and Program Overview

Mission

Provide group health benefits for eligible participants

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$18,443,858$18,250,798▼ $193,060
Accounts Receivable$2,488,837$3,441,560▲ $952,723
Savings and Temporary Cash Investments$2,288,258$1,784,657▼ $503,601
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$23,839,930$23,628,111▼ $211,819
Other Assets Total$19,062,835$18,401,894▼ $660,941
Liabilities
Other Liabilities$3,520,000$3,776,000▲ $256,000
Accounts Payable and Accrued Expenses$1,876,072$1,601,313▼ $274,759
Total Liabilities$5,396,072$5,377,313▼ $18,759
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,443,858$18,250,798▼ $193,060
Total Liabilities and Net Assets / Fund Balance$23,839,930$23,628,111▼ $211,819

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$18,401,894--
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Ie Shaffer & CoTpa830 BEAR TAVERN ROAD, West Trenton, NJ 08628$624,761
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$31,564,024
Investment Income
$551,965
Other Revenue
$0
Change in Net Assets
$16,731

Audited Revenue Reconciliation

Revenue per Audited Statements
$32,115,989
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-209,791
Total Revenue per Audited Statements
$31,906,198
Total Revenue per Form 990
$32,115,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$772,075
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$31,327,183--$31,327,183
Fees for Services Management-$624,761-$624,761
Fees for Services Legal-$51,943-$51,943
Fees for Services Accounting-$46,598-$46,598
Office Expenses-$35,603-$35,603
Other Expenses-$6,667-$6,667
Fees for Services Other-$4,000-$4,000
Insurance-$2,503-$2,503
Total Functional Expenses$31,327,183$772,075$0$32,099,258

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$32,099,258
Expenses per Audited Statements$31,843,258
Total Expenses per Audited Statements$31,843,258
Expenses Not Reported on Financial Statements$256,000
Other Expense Adjustments$256,000
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Claims Payable$3,776,000
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 B, line 11B

A copy of the return has been provided to the trustees for their review and comment prior to its submission

Form 990, Part VI, Section C, line 19

Governing documents and financial statements are made available upon request or may be examined at the address of the plan

Filing and Contact Details

Filer

Filer Name
Refrigeration Ac and Service Div
EIN
22-6211042
Phone
6097181323
Address
830 BEAR TAVERN ROAD, WEST TRENTON, NJ 08628

Signing Officer

Name
Jonathan D Levine
Title
Administrator
Phone
6098836688
Signed
2019-01-15

Organization Details

Principal Officer
Jonathan D Levine
Formed
1974
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
I E Shaffer & Co
Address
830 Bear Tavern Road, West Trenton, NJ 08628
Phone
6097181323
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

There has been no change to the process

Financial Statement Notes

Part XII, Line 4B - Other Adjustments:

CLAIMS PAYABLE

Raw XML Appendix397 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/TotalRevenuePerForm990Amt032115989
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt031906198
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt031843258
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE RETURN HAS BEEN PROVIDED TO THE TRUSTEES FOR THEIR REVIEW AND COMMENT PRIOR TO ITS SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST OR MAY BE EXAMINED AT THE ADDRESS OF THE PLAN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There has been no change to the process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XII, Line 2c
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0REFRIGERATION AC & SER ANNUITY FD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1REFRIGERATION AC & SER PENSION FD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2REFRIGERATION AC & SER EDUCATION FD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0222585171
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1226109064
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2237036586
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0830 BEAR TAVERN ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1830 BEAR TAVERN ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2830 BEAR TAVERN ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WEST TRENTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1WEST TRENTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2WEST TRENTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd008628
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd108628
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd208628
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt023839930
IRS990/TotalAssetsEOYAmt023628111
IRS990/TotalAssetsGrp/BOYAmt023839930
IRS990/TotalAssetsGrp/EOYAmt023628111
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0772075
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt031327183
IRS990/TotalFunctionalExpensesGrp/TotalAmt032099258
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05396072
IRS990/TotalLiabilitiesEOYAmt05377313
IRS990/TotalLiabilitiesGrp/BOYAmt05396072
IRS990/TotalLiabilitiesGrp/EOYAmt05377313
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018443858
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018250798
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt031327183
IRS990/TotalProgramServiceRevenueAmt031564024
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt032115989
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt032115989
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt023839930
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023628111
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0830 BEAR TAVERN ROAD
IRS990/USAddress/CityNm0WEST TRENTON
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008628
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JONATHAN D LEVINE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06098836688
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REFRIGERATION AC AND SERVICE DIV
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0WELFARE FUND - C/O IE SHAFFER & CO
ReturnHeader/Filer/BusinessNameControlTxt0REFR
ReturnHeader/Filer/EIN0226211042
ReturnHeader/Filer/PhoneNum06097181323
ReturnHeader/Filer/USAddress/AddressLine1Txt0830 BEAR TAVERN ROAD
ReturnHeader/Filer/USAddress/CityNm0WEST TRENTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008628
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03F9D418A73777B34BCFC18B6CB480D3376541AEA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03F9D418A73777B34BCFC18B6CB480D3376541AEA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.235.130.34
ReturnHeader/FilingSecurityInformation/IPDt02019-01-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm017:35:34
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0221750854
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0I E Shaffer & Co
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0830 Bear Tavern Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Trenton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008628
ReturnHeader/PreparerPersonGrp/PhoneNum06097181323
ReturnHeader/ReturnTs02019-01-15T16:31:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-03-01
ReturnHeader/TaxPeriodEndDt02018-02-28
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$38.2$7.36$30.8$55.7$55.0$0.72
2024Detailed filing. Detailed filing data is available for this year.$35.6$6.00$29.6$50.4$45.7$4.64
2023Detailed filing. Detailed filing data is available for this year.$31.0$6.42$24.6$43.8$45.5$1.69
2022Detailed filing. Detailed filing data is available for this year.$34.3$6.03$28.3$40.0$39.8$0.21
2021Detailed filing. Detailed filing data is available for this year.$34.1$5.26$28.9$36.4$33.6$2.84
2020Detailed filing. Detailed filing data is available for this year.$31.0$5.15$25.8$38.5$33.4$5.11
2019Detailed filing. Detailed filing data is available for this year.$25.4$5.62$19.8$34.7$33.1$1.62
2018Detailed filing. Detailed filing data is available for this year.$23.6$5.38$18.3$32.1$32.1$0.02
2017Detailed filing. Detailed filing data is available for this year.$23.8$5.40$18.4$28.5$29.1$0.54
2016Detailed filing. Detailed filing data is available for this year.$23.9$4.85$19.1$27.2$28.1$0.89
2015Detailed filing. Detailed filing data is available for this year.$24.9$4.34$20.5$26.4$25.6$0.80
2014Detailed filing. Detailed filing data is available for this year.$23.3$3.93$19.4$27.7$25.1$2.55
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.9$3.75$17.2$22.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$3.72$14.3$24.1
2011Summary only. Only limited summary data is available for this year.$14.5$3.59$10.9$24.8$24.9$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$3.40$10.6$23.0