Civic Intelligence

Carpet Linoleum and Soft Tile Local Union 1926 Vacation and Holiday Pl

990 • Fiscal year 2022 • EIN 23-7116871

Mar 01, 2021 to Feb 28, 2022 • Filed on Oct 15, 2023

222 S Vineyard Stph4Honolulu, HI 96813

(808) 523-9411

Siviq Scores

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

Liabilities / Assets

94th percentile

0.74x

Higher debt load relative to assets than 94% of similar nonprofits.

2022 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

100th percentile

32.53x

Higher debt load relative to revenue than 100% of similar nonprofits.

2022 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2022

Net Margin

6th percentile

-128%

Higher net margin than 6% of similar nonprofits.

2022 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2022 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2022

Asset Growth

86th percentile

23%

Faster asset growth than 86% of similar nonprofits.

2022 filings • 501(c)9 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

8th percentile

-63%

Faster revenue growth than 8% of similar nonprofits.

2022 filings • 501(c)9 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$993,207

Up $182,827 (+23%) from 2021

Net Assets

Down

$258,165

Down $24,193 (-8.6%) from 2021

Liabilities

Up

$735,042

Up $207,020 (+39%) from 2021

Revenue

Down

$22,595

Down $38,930 (-63%) from 2021

Expenses

Down

$51,523

Down $107 (-0.2%) from 2021

Net Income

Down

-$28,928

Down $38,823 (-392%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $493,226Liabilities 2011: $253,791Net Assets 2011: $239,4352011Assets 2012: $510,322Liabilities 2012: $243,962Net Assets 2012: $266,3602012Assets 2013: $567,645Liabilities 2013: $282,638Net Assets 2013: $285,0072013Assets 2014: $631,490Liabilities 2014: $360,196Net Assets 2014: $271,2942014Assets 2015: $738,343Liabilities 2015: $411,713Net Assets 2015: $326,6302015Assets 2019: $863,227Liabilities 2019: $410,934Net Assets 2019: $452,2932019Assets 2020: $712,458Liabilities 2020: $439,995Net Assets 2020: $272,4632020Assets 2021: $810,380Liabilities 2021: $528,022Net Assets 2021: $282,3582021Assets 2022: $993,207Liabilities 2022: $735,042Net Assets 2022: $258,1652022Assets 2023: $914,420Liabilities 2023: $709,083Net Assets 2023: $205,3372023Assets 2024: $1,090,052Liabilities 2024: $930,228Net Assets 2024: $159,8242024Assets 2025: $871,446Liabilities 2025: $733,044Net Assets 2025: $138,4022025

Highlighted filing

2022

Assets$993,207
Liabilities$735,042
Net Assets$258,165

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $843,8532011Expenses 2012: $925,1862012Expenses 2013: $802,6872013Revenue 2014: $905,285Expenses 2014: $918,998Net Income 2014: -$13,7132014Revenue 2015: $1,053,618Expenses 2015: $998,282Net Income 2015: $55,3362015Revenue 2019: $1,235,224Expenses 2019: $1,214,192Net Income 2019: $21,0322019Revenue 2020: $55,434Expenses 2020: $56,871Net Income 2020: -$1,4372020Revenue 2021: $61,525Expenses 2021: $51,630Net Income 2021: $9,8952021Revenue 2022: $22,595Expenses 2022: $51,523Net Income 2022: -$28,9282022Revenue 2023: $15,776Expenses 2023: $68,604Net Income 2023: -$52,8282023Revenue 2024: $17,996Expenses 2024: $63,509Net Income 2024: -$45,5132024Revenue 2025: $35,160Expenses 2025: $56,582Net Income 2025: -$21,4222025

Highlighted filing

2022

Revenue$22,595
Expenses$51,523
Net Income-$28,928
Jump To
Filing Snapshot
Filing Period
Mar 1, 2021 to Feb 28, 2022
Signed
Oct 15, 2023
Return Version
2021v4.0
Gross Receipts
$22,595
Mission and Program Overview

Mission

To provide vacation/holiday benefits to employees in the floor covering industry

To providing vacation and holiday benefits to the employees in the floor covering industry in hawaii.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$456,663$532,010▲ $75,347
Cash and Non-Interest-Bearing Accounts$285,279$262,682▼ $22,597
Rtn Earn Endowment Incm Other Fnds$287,093$258,165▼ $28,928
Accounts Receivable$148,719$140,743▼ $7,976
Investments in Publicly Traded Securities$68,439$57,772▼ $10,667
Total Assets$959,100$993,207▲ $34,107
Liabilities
Other Liabilities$672,007$735,042▲ $63,035
Total Liabilities$672,007$735,042▲ $63,035
Net Assets / Fund Balance
Total Net Assets Fund Balance$287,093$258,165▼ $28,928
Total Liabilities and Net Assets / Fund Balance$959,100$993,207▲ $34,107
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,716
Investment Income
$70
Other Revenue
$11,809
Change in Net Assets
$-28,928

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,595
Total Revenue per Audited Statements
$22,595
Total Revenue per Form 990
$22,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$51,523
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
Fees for Services Management$42,069--$42,069
Fees for Services Accounting-$4,231-$4,231
Fees for Services Legal$3,149--$3,149
Fees for Service Investment Mgmnt Fees$500--$500
Insurance-$249-$249
Other Expenses$63$197-$63
Total Functional Expenses$46,336$5,187$0$51,523

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$51,523
Total Expenses per Audited Statements$51,523
Total Expenses per Form 990$51,523
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
Other Liabilities - Individual Accou$735,042
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The management company, group plan administrators inc., performs the daily operational tasks under the supervision of the trustees.

Form 990, Page 6, Part VI, Line 8B

The plan does not have any committees woith the authority to act on behalf of the governing body.

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

The chairs, co-chair, and administrative office review the form. Trustees are e-mailed the form and asked to remark if they have any changes

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

The policy and disclosures are reviewed by the trustees.

Form 990, Page 6, Part VI, Line 19

The entity does not make its governing documents, conflict of interest poicy, and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Carpet Linoleum & Soft Tile Local
EIN
23-7116871
Phone
8085239411
Address
222 S VINEYARD STPH4, HONOLULU, HI 96813

Signing Officer

Name
Douglas Kema Jr
Title
Chairman
Phone
8085239411
Signed
2023-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas Kema Jr
Formed
1968
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Mc Group Hawaii Inc
Address
2733 E MANOA RD STE 200, HONOLULU, HI 96822
Preparer
Gary Y Miyashiro
Phone
8089885757
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

Certain misstatements resulting in overstatement of amount previously reported for members'benefit payable, understatement of amount previously report for net assets available for benefits, understatement of amount previouly report for employer contributions and benefits paid to participants as of and for the year ended february 28,2022.

Form 990, Part XII

The plan has elected to change its accounting policy related the method of presentation of the other liabilities for individual accounts, from reporting individual accounts into net assets available for benefits as of and for the year ended february 28, 2022.

Form 990, Page 12, Part XII, Line 2C

The board of trustees assumes responsibility for overseeing the audit of the organization's financial statements and for selecting the independent auditor.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CERTAIN MISSTATEMENTS RESULTING IN OVERSTATEMENT OF AMOUNT PREVIOUSLY REPORTED FOR MEMBERS'BENEFIT PAYABLE, UNDERSTATEMENT OF AMOUNT PREVIOUSLY REPORT FOR NET ASSETS AVAILABLE FOR BENEFITS, UNDERSTATEMENT OF AMOUNT PREVIOULY REPORT FOR EMPLOYER CONTRIBUTIONS AND BENEFITS PAID TO PARTICIPANTS AS OF AND FOR THE YEAR ENDED FEBRUARY 28,2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MANAGEMENT COMPANY, GROUP PLAN ADMINISTRATORS INC., PERFORMS THE DAILY OPERATIONAL TASKS UNDER THE SUPERVISION OF THE TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PLAN DOES NOT HAVE ANY COMMITTEES WOITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHAIRS, CO-CHAIR, AND ADMINISTRATIVE OFFICE REVIEW THE FORM. TRUSTEES ARE E-MAILED THE FORM AND ASKED TO REMARK IF THEY HAVE ANY CHANGES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE POLICY AND DISCLOSURES ARE REVIEWED BY THE TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ENTITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PLAN HAS ELECTED TO CHANGE ITS ACCOUNTING POLICY RELATED THE METHOD OF PRESENTATION OF THE OTHER LIABILITIES FOR INDIVIDUAL ACCOUNTS, FROM REPORTING INDIVIDUAL ACCOUNTS INTO NET ASSETS AVAILABLE FOR BENEFITS AS OF AND FOR THE YEAR ENDED FEBRUARY 28, 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSEEING THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND FOR SELECTING THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 12, PART XII, LINE 2C
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CARPET LINOLEUM&SOFT TILE ANNUITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CARPET LINOLEUM&SOFT TILE HEALTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2CARPET LINOLEUM&SOFT TILE MARKET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3CARPET LINOLEUM&SOFT TILE TRAINING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4CARPET LINOLEUM&SOFT TILE RETIREES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0AND WELFARE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt1RECOVERY FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt2HEALTH REIMBURSEMENT FUND
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ANNUITY BE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HEAL&WELFA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2STUDY&EXPL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4REIMB BENF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0222 SOUTH VINEYARD STREET PH4
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1222 SOUTH VINEYARD STREET PH4
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3222 SOUTH VINEYARD STREET PH4
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt4222 SOUTH VINEYARD STREET PH4
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0PART II, IDENTIFICATION OF RELATED TAX EXEMP ORGANIZATIONS NAME, ADDRESS, AND EIN OF RELATED ORGANIZATIONS; CARPET LINOLEUM AND SOFT TILE ANNUITY FUND EIN: 99-0180872 222 SOUTH VINEYARD STREET PH4 HONOLULU, HI 96813 PRIMARY ACTIVITY: TO PROVIDE ANNUITY BENEFITS TO ELIGIBLE PARTICIPANTS DIRECT CONTROLLING ENTITY: N/A CARPET LINOLEUM AND SOFT TILE HEALTH AND WELFARE FUND EIN: 23-7116870 222 SOUTH VINEYARD STREET PH4 HONOLULU, HI 96813 PRIMARY ACTIVITY: TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS DIRECT CONTROLLING ENTITY: N/A CARPET LINOLEUM AND SOFT TILE MARKET RECOVERY FUND EIN: 23-7116871 222 SOUTH VINEYARD STREET PH4 HONOLULU, HI 96813 PRIMARY ACTIVITY: TO STUDY AND EXPLORE WAYS & IMPLEMENT WAYS AND MEANS OF PROMOTING FAIR. DIRECT CONTROLLING ENTITY: N/A CARPET LINOLEUM AND SOFT TILE TRAINING FUND EIN: 99-6020563 222 SOUTH VINEYARD STREET PH4 HONOLULU, HI 96813 PRIMARY ACTIVITY: TO PROVIDE EDUCATIONAL BENEFITS TO ELIGIBLE PARTICIPANTS DIRECT CONTROLLING ENTITY: N/A CARPET LINOLEUM AND SOFT TILE RETIREE HEALTH AND REIMBURSEMENT FUND EIN: 86-3434005 222 SOUTH VINEYARD STREET PH4 HONOLULU, HI 96813 PRIMARY ACTIVITY: TO CREATE A RESERVE FOR REIMBURSTMENT BENEFITS TO ELIGIBLE PARTICIPANTS DIRECT CONTROLLING ENTITY: N/A
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt1PART II, III AND IV - INDENTIFIECATION OF RELATED TAX ORGANIZATION IN A MULTIEMPLOYER PLAN, A CONTRIBUTING EMPLOYER IS CONSIDERED A RELATED ORGANIZATION BECAUSE THEY ARE OBLIGATED TO CONTRIBUTE TO THE PLAN PURSUANT TO THE TERMS IN THE COLLECTIVE BARGAINING OR PARTICIPATION AGREEMENT. THE ADMINISTATIVE OFFICE ONLY MAINTAINS THE DATA NECESSARY TO FULFILL THE OBLIGATION TO CONTRIBUTE, IT DOES NOT MAINTAIN SPECIFIC BUSINESS DATA REGARDING THE EMPLOYERS, SUCH AS ENTITY TYPE OR TAX INFORMATION.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE R
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IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0959100
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IRS990/TotalFunctionalExpensesGrp/TotalAmt051523
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0735042
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022525
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt022595
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0993207
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0222 SOUTH VINEYARD ST PH4
IRS990/USAddress/CityNm0HONOLULU
IRS990/USAddress/StateAbbreviationCd0HI
IRS990/USAddress/ZIPCd096813
IRS990/VotingMembersGoverningBodyCnt06
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUGLAS KEMA JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08085239411
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CARPET LINOLEUM & SOFT TILE LOCAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0UION 1926 VACATION AND HOLIDAY PLA
ReturnHeader/Filer/BusinessNameControlTxt0CARP
ReturnHeader/Filer/EIN0237116871
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273701730
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MC GROUP HAWAII INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02733 E MANOA RD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HONOLULU
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0HI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd096822

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