Civic Intelligence

Hawaii State Teachers Association Vebt

990 • Fiscal year 2018 • EIN 23-7296050

Sep 01, 2017 to Aug 31, 2018 • Filed on Jun 28, 2019

1259 Aala Street Suite 202Honolulu, HI 96817

(808) 440-6943

Siviq Scores

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

Liabilities / Assets

47th percentile

0.02x

Higher debt load relative to assets than 47% of similar nonprofits.

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

Liabilities / Revenue

61st percentile

0.07x

Higher debt load relative to revenue than 61% of similar nonprofits.

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

Net Margin

31st percentile

-0.6%

Higher net margin than 31% 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

54th percentile

2.3%

Faster asset growth than 54% of similar nonprofits.

2018 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2016 to 2018

Revenue Growth

62nd percentile

7.8%

Faster revenue growth than 62% of similar nonprofits.

2018 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2016 to 2018

Assets

Up

$23,211,272

Up $1,026,674 (+4.6%) from 2016

Net Assets

Up

$22,848,891

Up $1,034,925 (+4.7%) from 2016

Liabilities

Down

$362,381

Down $8,251 (-2.2%) from 2016

Revenue

Up

$4,843,453

Up $674,048 (+16%) from 2016

Expenses

Up

$4,870,677

Up $63,002 (+1.3%) from 2016

Net Income

Up

-$27,224

Up $611,046 (+96%) from 2016

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: $31,775,460Liabilities 2010: $12,364,651Net Assets 2010: $19,410,8092010Assets 2011: $24,276,655Liabilities 2011: $3,376,509Net Assets 2011: $20,900,1462011Assets 2012: $21,427,114Liabilities 2012: $513,254Net Assets 2012: $20,913,8602012Assets 2013: $22,211,492Liabilities 2013: $291,365Net Assets 2013: $21,920,1272013Assets 2014: $23,651,593Liabilities 2014: $310,857Net Assets 2014: $23,340,7362014Assets 2015: $21,737,063Liabilities 2015: $361,413Net Assets 2015: $21,375,6502015Assets 2016: $22,184,598Liabilities 2016: $370,632Net Assets 2016: $21,813,9662016Assets 2018: $23,211,272Liabilities 2018: $362,381Net Assets 2018: $22,848,8912018Assets 2019: $23,005,449Liabilities 2019: $388,329Net Assets 2019: $22,617,1202019Assets 2020: $23,408,760Liabilities 2020: $459,611Net Assets 2020: $22,949,1492020Assets 2021: $27,046,846Liabilities 2021: $511,008Net Assets 2021: $26,535,8382021Assets 2022: $23,380,215Liabilities 2022: $473,482Net Assets 2022: $22,906,7332022Assets 2023: $23,575,530Liabilities 2023: $474,216Net Assets 2023: $23,101,3142023Assets 2024: $25,288,273Liabilities 2024: $685,595Net Assets 2024: $24,602,6782024

Highlighted filing

2018

Assets$23,211,272
Liabilities$362,381
Net Assets$22,848,891

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $104,438,5952010Expenses 2011: $39,019,8722011Expenses 2012: $4,174,6822012Expenses 2013: $3,998,4802013Revenue 2014: $5,022,094Expenses 2014: $4,124,897Net Income 2014: $897,1972014Revenue 2015: $4,521,113Expenses 2015: $4,354,448Net Income 2015: $166,6652015Revenue 2016: $4,169,405Expenses 2016: $4,807,675Net Income 2016: -$638,2702016Revenue 2018: $4,843,453Expenses 2018: $4,870,677Net Income 2018: -$27,2242018Revenue 2019: $4,976,833Expenses 2019: $5,051,316Net Income 2019: -$74,4832019Revenue 2020: $4,973,066Expenses 2020: $5,620,370Net Income 2020: -$647,3042020Revenue 2021: $7,631,032Expenses 2021: $5,847,602Net Income 2021: $1,783,4302021Revenue 2022: $6,723,726Expenses 2022: $6,357,054Net Income 2022: $366,6722022Revenue 2023: $5,614,168Expenses 2023: $6,384,975Net Income 2023: -$770,8072023Revenue 2024: $6,230,806Expenses 2024: $6,716,442Net Income 2024: -$485,6362024

Highlighted filing

2018

Revenue$4,843,453
Expenses$4,870,677
Net Income-$27,224
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jun 28, 2019
Return Version
2017v2.3
Gross Receipts
$11,296,711
Mission and Program Overview

Mission

NONE

SEE PART III LINE 4A

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$22,637,482$22,848,891▲ $211,409
Investments in Publicly Traded Securities$20,443,931$20,446,954▲ $3,023
Savings and Temporary Cash Investments$453,617$306,154▼ $147,463
Cash and Non-Interest-Bearing Accounts$124,611$119,862▼ $4,749
Prepaid Expenses and Deferred Charges$43,014$42,687▼ $327
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$23,006,267$23,211,272▲ $205,005
Other Assets Total$1,941,094$2,295,615▲ $354,521
Liabilities
Other Liabilities$366,361$359,904▼ $6,457
Accounts Payable and Accrued Expenses$2,424$2,477▲ $53
Total Liabilities$368,785$362,381▼ $6,404
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,637,482$22,848,891▲ $211,409
Total Liabilities and Net Assets / Fund Balance$23,006,267$23,211,272▲ $205,005

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,716,342--
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Benefit Plan Solutions INCContract Administrator1259 AALA ST SUITE 202, Honolulu, HI 96817$515,957
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,572,227
Investment Income
$913,677
Other Revenue
$357,549
Change in Net Assets
$-27,224

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,843,453
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$238,633
Total Revenue per Audited Statements
$5,082,086
Total Revenue per Form 990
$4,843,453
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$859,634
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---$4,011,043
Fees for Services Management---$433,633
Fees for Service Investment Mgmnt Fees---$86,050
Conferences and Meetings---$46,729
Fees for Services Other---$45,964
Fees for Services Accounting---$43,114
Advertising---$36,360
Fees for Services Legal---$28,272
Information Technology---$21,385
Insurance---$20,721
Office Expenses---$6,162
Other Expenses---$20
Total Functional Expenses$0$0$0$4,870,677

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,870,677
Total Expenses per Audited Statements$4,870,677
Total Expenses per Form 990$4,870,677
Expenses Not Reported on Financial Statements$0
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
Group Insurance Premiums$359,904
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization has delegated control over management duties customarily performed by or under the direct supervision of officers, directors, trustees, or key employees to a contract adminstrator.

Form 990, Part VI, Section A, Line 8B

The organization does not have any subcommittees with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The trustees have designated the chair and co-chair to review the form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization enforces compliance with the conflict of interest policy in place annually.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, or financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Voluntary Employees Beneficiary Tr
EIN
23-7296050
Phone
8084406943
Address
1259 AALA STREET SUITE 202, HONOLULU, HI 96817

Signing Officer

Name
Trustee
Title
Trustee
Phone
8084406943
Signed
2019-06-28
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
Hi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Vavrinek Trine Day & Co Llp
Address
1900 S NORFOLK STREET SUITE 225, SAN MATEO, CA 94403
Preparer
Troy Atkinson
Phone
9094664410
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

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

Financial Statement Notes

PART X, LINE 2:

The trust has adopted guidance on accounting for uncertainty in income taxes issued by the financial accounting standards board. The trust management believes that the trust has not taken uncertain tax positions that require adjustment to the financial statements as a tax liability.

Raw XML Appendix369 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/OtherAssetsOrgGrp/BookValueAmt2315787
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31716342
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PARTICIPANT CONTRIBUTIONS RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTEREST AND DIVIDENDS RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INSURANCE REFUNDS RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEPOSITS WITH INSURANCE COMPANY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0359904
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GROUP INSURANCE PREMIUMS
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04843453
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST HAS ADOPTED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD. THE TRUST MANAGEMENT BELIEVES THAT THE TRUST HAS NOT TAKEN UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS AS A TAX LIABILITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt02295615
IRS990ScheduleD/TotalExpensesPerForm990Amt04870677
IRS990ScheduleD/TotalLiabilityAmt0359904
IRS990ScheduleD/TotalRevenuePerForm990Amt04843453
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05082086
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04870677
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS DELEGATED CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS, TRUSTEES, OR KEY EMPLOYEES TO A CONTRACT ADMINSTRATOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY SUBCOMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUSTEES HAVE DESIGNATED THE CHAIR AND CO-CHAIR TO REVIEW THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IN PLACE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND FOR THE SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt023006267
IRS990/TotalAssetsGrp/EOYAmt023211272
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0362381
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt03572227
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04843453
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04843453
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt023006267
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023211272
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0HONOLULU
IRS990/USAddress/StateAbbreviationCd0HI
IRS990/USAddress/ZIPCd096817
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum08084406943
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VOLUNTARY EMPLOYEES BENEFICIARY TR
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ReturnHeader/Filer/USAddress/CityNm0HONOLULU
ReturnHeader/Filer/USAddress/StateAbbreviationCd0HI
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.222.125.238
ReturnHeader/FilingSecurityInformation/IPDt02019-06-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm015:34:49
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952648289
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VAVRINEK TRINE DAY & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01900 S NORFOLK STREET SUITE 225
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN MATEO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094403
ReturnHeader/PreparerPersonGrp/PhoneNum09094664410
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TROY ATKINSON
ReturnHeader/ReturnTs02019-06-28T15:40:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-09-01
ReturnHeader/TaxPeriodEndDt02018-08-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.3$0.69$24.6$6.23$6.72$0.49
2023Detailed filing. Detailed filing data is available for this year.$23.6$0.47$23.1$5.61$6.38$0.77
2022Detailed filing. Detailed filing data is available for this year.$23.4$0.47$22.9$6.72$6.36$0.37
2021Detailed filing. Detailed filing data is available for this year.$27.0$0.51$26.5$7.63$5.85$1.78
2020Detailed filing. Detailed filing data is available for this year.$23.4$0.46$22.9$4.97$5.62$0.65
2019Detailed filing. Detailed filing data is available for this year.$23.0$0.39$22.6$4.98$5.05$0.07
2018Detailed filing. Detailed filing data is available for this year.$23.2$0.36$22.8$4.84$4.87$0.03
2016Detailed filing. Detailed filing data is available for this year.$22.2$0.37$21.8$4.17$4.81$0.64
2015Detailed filing. Detailed filing data is available for this year.$21.7$0.36$21.4$4.52$4.35$0.17
2014Detailed filing. Detailed filing data is available for this year.$23.7$0.31$23.3$5.02$4.12$0.90
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.2$0.29$21.9$4.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$0.51$20.9$4.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$3.38$20.9$39.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.8$12.4$19.4$104