Civic Intelligence

Bricklayers Local No 12 of Pa Pension Plan

EIN 23-6552345 • 501(c)9

Profile

Provision of retirement benefits to eligible union members.

1300 Virginia Drive Ste 101Room/Suite 10119034

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $25M-$50M nonprofits • Source year 2014

Net Margin

94th percentile

67%

Higher net margin than 94% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

501(c)9 • $25M-$50M nonprofits • Source year 2014

Asset Growth

5th percentile

-100%

Faster asset growth than 5% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$0

Down $30,626,783 (-100%) from 2013

Liabilities

Flat

$0

Flat from 2013

Net Assets

Down

$0

Down $30,626,783 (-100%) from 2013

Revenue

$3,469,301

No earlier filing loaded for comparison.

Expenses

Down

$1,148,515

Down $1,685,637 (-59%) from 2013

Net Income

$2,320,786

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $26,174,565Liabilities 2010: $0Net Assets 2010: $26,174,5652010Assets 2011: $28,919,432Liabilities 2011: $0Net Assets 2011: $28,919,4322011Assets 2012: $29,374,356Liabilities 2012: $0Net Assets 2012: $29,374,3562012Assets 2013: $30,626,783Liabilities 2013: $0Net Assets 2013: $30,626,7832013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $1,447,9702010Expenses 2011: $1,588,9652011Expenses 2012: $2,067,1352012Expenses 2013: $2,834,1522013Revenue 2014: $3,469,301Expenses 2014: $1,148,515Net Income 2014: $2,320,7862014

Highlighted filing

2014

Revenue$3,469,301
Expenses$1,148,515
Net Income$2,320,786

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2013 to Jan 31, 2014
Signed
Sep 10, 2014
Return Version
2013v3.1
Gross Receipts
$35,995,398
Mission and Program Overview

Mission

Provision of retirement benefits to eligible union members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$30,626,783--
Investments in Publicly Traded Securities$16,389,681--
Investments Other Securities$14,192,873--
Cash and Non-Interest-Bearing Accounts$43,913--
Land, Buildings, and Equipment, Net$316--
Total Assets$30,626,783$0▼ $30,626,783
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$30,626,783$0▼ $30,626,783
Total Liabilities and Net Assets / Fund Balance$30,626,783$0▼ $30,626,783
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nicholas SabiaTrustee
Rich NewcombTrustee
Robert KraemerTrustee
Tod DuncanTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,054,055
Investment Income
$2,305,939
Other Revenue
$109,307
Change in Net Assets
$2,320,786

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,469,301
Total Revenue per Audited Statements
$3,469,301
Total Revenue per Form 990
$3,469,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$148,122
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---$1,000,393
Fees for Services Accounting---$50,075
Fees for Services Legal---$9,486
Insurance---$4,937
Conferences and Meetings---$2,332
Other Expenses---$810
Depreciation Depletion---$316
Office Expenses---$18
Total Functional Expenses$0$0$0$1,148,515

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,148,515
Total Expenses per Audited Statements$1,148,515
Total Expenses per Form 990$1,148,515
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 was provided to the plan administrator and joint board of trustees for review prior to filing.

Form 990, Page 6, Part VI, Line 12C

The organization maintains a conflict of interest policy. Under the terms of that policy all employees of the organization are required to report to the plan administrator any actions or incidents which may be in violation of the policy. In addition, all actions, expenses and other transactions engaged in by the plan administrator and employees which are undertaken in the course of their employment or which relate to the business of the organization are subject to review by the organization's joint board of trustees. The organization, as a multi-employer collectively bargained pension benefit plan, is subject to regulation of its internal operations, including fiscal matters, pursuant to the the employee retirement income security act of 1974 (erisa). In addition, the organization is subject to periodic reviews by the department of labor. If as a result of the above processes, any incidents or acts are determined to be in violation, or to be a potential violation, of the organization's conflict of interest policy, such incidents or acts are brought to the attention of the plan administrator and/or joint board of trustees of the plan for appropriate remedial action.

Form 990, Page 6, Part VI, Line 19

No documents are made available to the public

Filing and Contact Details

Filer

EIN
23-6552345
Phone
2677087500

Signing Officer

Name
Richard Newcomb
Title
Trustee
Phone
2677087500
Signed
2014-09-10
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Preparer
Kevin J Mirarchi CPA
Phone
6105586845
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Provision of pension benefits to eligible union members

Form 990, Part XI, Line 9

Tranfer of assets to successor plan 32,947,569

Raw XML Appendix301 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/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/TotalAmt018
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-32947569
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IRS990/PartialLiquidationInd0false
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IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/AssetsDistributedInd0true
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine11BRICKLAYERS LOCAL 1 OF PENNSYLVANIA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine12BRICKLAYERS LOCAL 1 OF PENNSYLVANIA
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22014-01-30
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0THE LOCAL 12 PENSION PLAN TRUSTEES, NICHOLAS SABIA, RICHARD NEWCOMB, ROBERT KRAEMER, AND TOD DUNCAN, BECAME TRUSTEES OF THE LOCAL 1 OF PA ANNUITY FUND AT THE TIME OF MERGER.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVISION OF PENSION BENEFITS TO ELIGIBLE UNION MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 WAS PROVIDED TO THE PLAN ADMINISTRATOR AND JOINT BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAINTAINS A CONFLICT OF INTEREST POLICY. UNDER THE TERMS OF THAT POLICY ALL EMPLOYEES OF THE ORGANIZATION ARE REQUIRED TO REPORT TO THE PLAN ADMINISTRATOR ANY ACTIONS OR INCIDENTS WHICH MAY BE IN VIOLATION OF THE POLICY. IN ADDITION, ALL ACTIONS, EXPENSES AND OTHER TRANSACTIONS ENGAGED IN BY THE PLAN ADMINISTRATOR AND EMPLOYEES WHICH ARE UNDERTAKEN IN THE COURSE OF THEIR EMPLOYMENT OR WHICH RELATE TO THE BUSINESS OF THE ORGANIZATION ARE SUBJECT TO REVIEW BY THE ORGANIZATION'S JOINT BOARD OF TRUSTEES. THE ORGANIZATION, AS A MULTI-EMPLOYER COLLECTIVELY BARGAINED PENSION BENEFIT PLAN, IS SUBJECT TO REGULATION OF ITS INTERNAL OPERATIONS, INCLUDING FISCAL MATTERS, PURSUANT TO THE THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA). IN ADDITION, THE ORGANIZATION IS SUBJECT TO PERIODIC REVIEWS BY THE DEPARTMENT OF LABOR. IF AS A RESULT OF THE ABOVE PROCESSES, ANY INCIDENTS OR ACTS ARE DETERMINED TO BE IN VIOLATION, OR TO BE A POTENTIAL VIOLATION, OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, SUCH INCIDENTS OR ACTS ARE BROUGHT TO THE ATTENTION OF THE PLAN ADMINISTRATOR AND/OR JOINT BOARD OF TRUSTEES OF THE PLAN FOR APPROPRIATE REMEDIAL ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRANFER OF ASSETS TO SUCCESSOR PLAN 32,947,569
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD NEWCOMB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum02677087500
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-09-10
ReturnHeader/Filer/BusinessName/BusinessNameLine10BRICKLAYERS LOCAL NO 12 OF PA
ReturnHeader/Filer/BusinessName/BusinessNameLine20PENSION PLAN
ReturnHeader/Filer/BusinessNameControlTxt0BRIC
ReturnHeader/Filer/EIN0236552345
ReturnHeader/Filer/PhoneNum02677087500
ReturnHeader/Filer/USAddress/AddressLine101300 VIRGINIA DRIVE STE 101
ReturnHeader/Filer/USAddress/AddressLine20ROOM/SUITE 101
ReturnHeader/Filer/USAddress/City0FORT WASHINGTON
ReturnHeader/Filer/USAddress/State0PA
ReturnHeader/Filer/USAddress/ZIPCode019034
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232809700
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10KEVIN J MIRARCHI CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1077 W BALTIMORE PIKE STE 100A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0MEDIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0190635639
ReturnHeader/PreparerPersonGrp/PhoneNum06105586845
ReturnHeader/PreparerPersonGrp/PreparationDt02014-09-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN J MIRARCHI CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02014-09-10T08:20:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-05-01
ReturnHeader/TaxPeriodEndDt02014-01-31
ReturnHeader/TaxYr02013

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