Civic Intelligence

Katonah-Lewisboro District Teachers Association Benefit Trust

990 • Fiscal year 2023 • EIN 23-7348596

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 17, 2024

Organization ProfileN/A
PO Box 5817Wallingford, CT 06492-6717

(203) 269-7741

Siviq Scores

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

Liabilities / Assets

90th percentile

0.33x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.06x

Higher debt load relative to revenue than 70% of similar nonprofits.

2023 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2023

Net Margin

30th percentile

-9.9%

Higher net margin than 30% of similar nonprofits.

2023 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

64th percentile

$1,800

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2023 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2023

Asset Growth

8th percentile

-46%

Faster asset growth than 8% of similar nonprofits.

2023 filings • 501(c)9 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

49th percentile

1.7%

Faster revenue growth than 49% of similar nonprofits.

2023 filings • 501(c)9 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$118,816

Down $99,758 (-46%) from 2022

Net Assets

Down

$79,858

Down $68,158 (-46%) from 2022

Liabilities

Down

$38,958

Down $31,600 (-45%) from 2022

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin30th percentile

Revenue

Up

$687,029

Up $11,803 (+1.7%) from 2022

Expenses

Down

$755,187

Down $12,442 (-1.6%) from 2022

Net Income

Up

-$68,158

Up $24,245 (+26%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$600K$400K$200K$0Assets 2011: $406,957Liabilities 2011: $59,733Net Assets 2011: $347,2242011Assets 2012: $347,547Liabilities 2012: $53,183Net Assets 2012: $294,3642012Assets 2013: $252,585Liabilities 2013: $40,867Net Assets 2013: $211,7182013Assets 2014: $271,927Liabilities 2014: $50,935Net Assets 2014: $220,9922014Assets 2015: $321,385Liabilities 2015: $172,799Net Assets 2015: $148,5862015Assets 2016: $341,160Liabilities 2016: $191,712Net Assets 2016: $149,4482016Assets 2017: $350,370Liabilities 2017: $185,569Net Assets 2017: $164,8012017Assets 2018: $361,198Liabilities 2018: $62,135Net Assets 2018: $299,0632018Assets 2019: $391,166Liabilities 2019: $71,171Net Assets 2019: $319,9952019Assets 2020: $471,224Liabilities 2020: $49,657Net Assets 2020: $421,5672020Assets 2021: $390,951Liabilities 2021: $150,532Net Assets 2021: $240,4192021Assets 2022: $218,574Liabilities 2022: $70,558Net Assets 2022: $148,0162022Assets 2023: $118,816Liabilities 2023: $38,958Net Assets 2023: $79,8582023Assets 2024: $84,186Liabilities 2024: $77,564Net Assets 2024: $6,6222024Assets 2025: $165,458Liabilities 2025: $80,357Net Assets 2025: $85,1012025

Highlighted filing

2023

Assets$118,816
Liabilities$38,958
Net Assets$79,858
Open 2023 Filing

Operations Trend

Revenue Growth49th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $546,5072011Expenses 2012: $564,6432012Expenses 2013: $517,2672013Revenue 2014: $512,791Expenses 2014: $503,518Net Income 2014: $9,2732014Revenue 2015: $559,682Expenses 2015: $632,016Net Income 2015: -$72,3342015Revenue 2016: $569,885Expenses 2016: $568,967Net Income 2016: $9182016Revenue 2017: $583,500Expenses 2017: $568,040Net Income 2017: $15,4602017Revenue 2018: $601,056Expenses 2018: $466,794Net Income 2018: $134,2622018Revenue 2019: $622,487Expenses 2019: $601,555Net Income 2019: $20,9322019Revenue 2020: $647,685Expenses 2020: $546,113Net Income 2020: $101,5722020Revenue 2021: $646,086Expenses 2021: $827,234Net Income 2021: -$181,1482021Revenue 2022: $675,226Expenses 2022: $767,629Net Income 2022: -$92,4032022Revenue 2023: $687,029Expenses 2023: $755,187Net Income 2023: -$68,1582023Revenue 2024: $721,827Expenses 2024: $795,063Net Income 2024: -$73,2362024Revenue 2025: $749,590Expenses 2025: $671,111Net Income 2025: $78,4792025

Highlighted filing

2023

Revenue$687,029
Expenses$755,187
Net Income-$68,158
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 17, 2024
Return Version
2022v5.0
Gross Receipts
$687,029
Mission and Program Overview

Mission

To provide dental and vision benefits to members and their immediate family where, and if, applicable.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$193,498$101,283▼ $92,215
Cash and Non-Interest-Bearing Accounts$25,076$17,533▼ $7,543
Accounts Receivable$0$0→ $0
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
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$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$218,574$118,816▼ $99,758
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$70,558$38,958▼ $31,600
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$70,558$38,958▼ $31,600
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$148,016$79,858▼ $68,158
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$148,016$79,858▼ $68,158
Total Liabilities and Net Assets / Fund Balance$218,574$118,816▼ $99,758
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleBaseTotal
Kathleen DaileyChairperson$1,800$1,800
Michael PerlinSenior Trustee$1,440$1,440
Sean MurphyJunior Trustee / Secretary$720$720
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$683,339
Investment Income
$3,690
Other Revenue
$0
Change in Net Assets
$-68,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,210
Salaries, Compensation, and Employee Benefits$3,960
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$715,017--$715,017
Fees for Services Accounting-$4,600-$4,600
Current Officers, Directors, Trustees, and Key Employees-$3,960-$3,960
Insurance-$600-$600
Other Expenses$30,440$300-$300
Office Expenses-$270-$270
Total Functional Expenses$745,457$9,730$0$755,187
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
Yes
Audit committee
Yes
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
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3 - Management Delegated

“The payment of benefits and the books of account are maintained by a third-party plan administrator, Zenith American Solutions. Management of the fund or plan activities is controlled by the trustees with assistance from the plan administrator.”

Form 990, Part VI, Line 11B - Organization'S Process to Review Form 990

“Upon completion of the federal tax return, Form 990, a copy of such is forwarded to both the plan chairperson and the plan administrator prior to filing. In the event changes are required, the accountants are notified and the obligatory adjustments are made. In the event there are no changes to be made, then the plan chairperson signs form 8879-TE and returns it to the accountants, constituting their approval of content and electronic filing with the IRS.”

Form 990, Part VI, Line 19 - Governing Documents Disclosure Explanation

“There are a variety of methods of making documents available to those who inquire. The individual can request copies to be forwarded to them over the internet, faxed, or they can come in to the plan administrator's facilities and review the documents there. Telephone is another method used along with photocopies of the requested documents, which can be made and mailed accordingly. In all cases, however, no information is given out that will jeopardize one's confidentiality or go askew of the HIPAA laws.”

Filing and Contact Details

Filer

Filer Name
Katonah-Lewisboro District Teachers
EIN
23-7348596
In Care Of
% ZENITH AMERICAN SOLUTIONS
Phone
2032697741
Address
PO Box 5817, Wallingford, CT 06492-6717

Signing Officer

Name
Kathleen Dailey
Title
Chairperson
Phone
2032697741
Signed
2024-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Dailey
Formed
1978
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Nanavaty Davenport Studley White
Address
123 South Main St Suite 140, NEWTOWN, CT 06470
Preparer
Azian A Kearney CPA
Phone
2034268500
Supplemental Narrative

Financial Statement Notes

Part X, Fin 48 Footnote

“The Association recognizes the benefits of income tax positions only if those positions are more likely than not of being sustained. The Association is subject to routine audits by the Internal Revenue Service. There are currently no audits for any tax periods in progress and the Association believes that it is no longer subject to audits for years prior to 2019.”

Raw XML Appendix355 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/SavingsAndTempCashInvstGrp/EOYAmt0101283
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Association recognizes the benefits of income tax positions only if those positions are more likely than not of being sustained. The Association is subject to routine audits by the Internal Revenue Service. There are currently no audits for any tax periods in progress and the Association believes that it is no longer subject to audits for years prior to 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, FIN 48 FOOTNOTE
IRS990ScheduleD/TotalLiabilityAmt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The payment of benefits and the books of account are maintained by a third-party plan administrator, Zenith American Solutions. Management of the fund or plan activities is controlled by the trustees with assistance from the plan administrator.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon completion of the federal tax return, Form 990, a copy of such is forwarded to both the plan chairperson and the plan administrator prior to filing. In the event changes are required, the accountants are notified and the obligatory adjustments are made. In the event there are no changes to be made, then the plan chairperson signs form 8879-TE and returns it to the accountants, constituting their approval of content and electronic filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There are a variety of methods of making documents available to those who inquire. The individual can request copies to be forwarded to them over the internet, faxed, or they can come in to the plan administrator's facilities and review the documents there. Telephone is another method used along with photocopies of the requested documents, which can be made and mailed accordingly. In all cases, however, no information is given out that will jeopardize one's confidentiality or go askew of the HIPAA laws.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3 - Management Delegated
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11B - Organization's Process to Review Form 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19 - Governing Documents Disclosure Explanation
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0218574
IRS990/TotalAssetsEOYAmt0118816
IRS990/TotalAssetsGrp/BOYAmt0218574
IRS990/TotalAssetsGrp/EOYAmt0118816
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09730
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0745457
IRS990/TotalFunctionalExpensesGrp/TotalAmt0755187
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt070558
IRS990/TotalLiabilitiesEOYAmt038958
IRS990/TotalLiabilitiesGrp/BOYAmt070558
IRS990/TotalLiabilitiesGrp/EOYAmt038958
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0148016
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt079858
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0745457
IRS990/TotalProgramServiceRevenueAmt0683339
IRS990/TotalReportableCompFromOrgAmt03960
IRS990/TotalRevenueGrp/ExclusionAmt03690
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0683339
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0687029
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0218574
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0118816
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 5817
IRS990/USAddress/CityNm0Wallingford
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd0064926717
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kathleen Dailey
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairperson
ReturnHeader/BusinessOfficerGrp/PhoneNum02032697741
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Katonah-Lewisboro District Teachers
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Association Benefit Trust
ReturnHeader/Filer/BusinessNameControlTxt0KATO
ReturnHeader/Filer/EIN0237348596
ReturnHeader/Filer/InCareOfNm0% ZENITH AMERICAN SOLUTIONS
ReturnHeader/Filer/PhoneNum02032697741
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 5817
ReturnHeader/Filer/USAddress/CityNm0Wallingford
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd0064926717
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Nanavaty Davenport Studley White
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0123 South Main St Suite 140
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006470
ReturnHeader/PreparerPersonGrp/PhoneNum02034268500
ReturnHeader/PreparerPersonGrp/PreparationDt02024-01-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Azian A Kearney CPA
ReturnHeader/ReturnTs02024-02-01T15:41:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Kathleen
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Dailey
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$118,816
Liabilities
$38,958
Net assets
$79,858
Revenue
$687,029
Expenses
$755,187
Net income
-$68,158
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.65$0.80$0.85$7.50$6.71$0.78
2024Detailed filing. Detailed filing data is available for this year.$0.84$0.78$0.07$7.22$7.95$0.73
2023Detailed filing. Detailed filing data is available for this year.$1.19$0.39$0.80$6.87$7.55$0.68
2022Detailed filing. Detailed filing data is available for this year.$2.19$0.71$1.48$6.75$7.68$0.92
2021Detailed filing. Detailed filing data is available for this year.$3.91$1.51$2.40$6.46$8.27$1.81
2020Detailed filing. Detailed filing data is available for this year.$4.71$0.50$4.22$6.48$5.46$1.02
2019Detailed filing. Detailed filing data is available for this year.$3.91$0.71$3.20$6.22$6.02$0.21
2018Detailed filing. Detailed filing data is available for this year.$3.61$0.62$2.99$6.01$4.67$1.34
2017Detailed filing. Detailed filing data is available for this year.$3.50$1.86$1.65$5.84$5.68$0.15
2016Detailed filing. Detailed filing data is available for this year.$3.41$1.92$1.49$5.70$5.69$0.01
2015Detailed filing. Detailed filing data is available for this year.$3.21$1.73$1.49$5.60$6.32$0.72
2014Detailed filing. Detailed filing data is available for this year.$2.72$0.51$2.21$5.13$5.04$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$0.41$2.12$5.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.53$2.94$5.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.07$0.60$3.47$5.47