Civic Intelligence

Edgemont Teachers Association Insu Rance Trust Fund

990 • Fiscal year 2016 • EIN 23-7413077

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 18, 2017

Organization ProfileN/A
200 White Oak LaneScarsdale, NY 10583-1723

(914) 725-1500

Siviq Scores

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

Liabilities / Assets

76th percentile

0.03x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • 501(c)9 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

0.03x

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

2016 filings • 501(c)9 • <$500k nonprofits • Source year 2016

Net Margin

24th percentile

-27%

Higher net margin than 24% of similar nonprofits.

2016 filings • 501(c)9 • <$500k nonprofits • Source year 2016

Top Officer Pay

81st percentile

$1,500

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2016 filings • 501(c)9 • <$500k nonprofits • Source year 2016

Asset Growth

23rd percentile

-25%

Faster asset growth than 23% of similar nonprofits.

2016 filings • 501(c)9 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

60th percentile

0.9%

Faster revenue growth than 60% of similar nonprofits.

2016 filings • 501(c)9 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$287,865

Down $95,939 (-25%) from 2015

Net Assets

Down

$277,991

Down $97,313 (-26%) from 2015

Liabilities

Up

$9,874

Up $1,374 (+16%) from 2015

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin24th percentile

Revenue

Up

$359,780

Up $3,224 (+0.9%) from 2015

Expenses

Up

$457,093

Up $12,076 (+2.7%) from 2015

Net Income

Down

-$97,313

Down $8,852 (-10%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$600K$400K$200K$0Assets 2013: $492,596Liabilities 2013: $8,894Net Assets 2013: $483,7022013Assets 2014: $473,307Liabilities 2014: $9,542Net Assets 2014: $463,7652014Assets 2015: $383,804Liabilities 2015: $8,500Net Assets 2015: $375,3042015Assets 2016: $287,865Liabilities 2016: $9,874Net Assets 2016: $277,9912016Assets 2017: $258,172Liabilities 2017: $11,960Net Assets 2017: $246,2122017Assets 2018: $268,869Liabilities 2018: $21,631Net Assets 2018: $247,2382018Assets 2019: $196,556Liabilities 2019: $20,945Net Assets 2019: $175,6112019Assets 2020: $248,005Liabilities 2020: $21,941Net Assets 2020: $226,0642020Assets 2021: $228,282Liabilities 2021: $25,006Net Assets 2021: $203,2762021Assets 2022: $168,664Liabilities 2022: $26,182Net Assets 2022: $142,4822022Assets 2023: $109,236Liabilities 2023: $32,966Net Assets 2023: $76,2702023Assets 2024: $75,203Liabilities 2024: $32,966Net Assets 2024: $42,2372024

Highlighted filing

2016

Assets$287,865
Liabilities$9,874
Net Assets$277,991
Open 2016 Filing

Operations Trend

Revenue Growth60th percentile

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

$600K$400K$200K$0-$200KExpenses 2013: $372,5542013Revenue 2014: $353,856Expenses 2014: $373,793Net Income 2014: -$19,9372014Revenue 2015: $356,556Expenses 2015: $445,017Net Income 2015: -$88,4612015Revenue 2016: $359,780Expenses 2016: $457,093Net Income 2016: -$97,3132016Revenue 2017: $398,490Expenses 2017: $430,269Net Income 2017: -$31,7792017Revenue 2018: $405,599Expenses 2018: $404,573Net Income 2018: $1,0262018Revenue 2019: $428,650Expenses 2019: $500,277Net Income 2019: -$71,6272019Revenue 2020: $452,973Expenses 2020: $402,520Net Income 2020: $50,4532020Revenue 2021: $448,096Expenses 2021: $470,884Net Income 2021: -$22,7882021Revenue 2022: $470,803Expenses 2022: $531,597Net Income 2022: -$60,7942022Revenue 2023: $471,258Expenses 2023: $537,470Net Income 2023: -$66,2122023Revenue 2024: $510,023Expenses 2024: $544,056Net Income 2024: -$34,0332024

Highlighted filing

2016

Revenue$359,780
Expenses$457,093
Net Income-$97,313
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 18, 2017
Return Version
2015v3.0
Gross Receipts
$359,780
Mission and Program Overview

Mission

To provide health and welfare benefits to covered employees.

To provide welfare benefits to participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$375,304$277,991▼ $97,313
Savings and Temporary Cash Investments$345,924$245,398▼ $100,526
Cash and Non-Interest-Bearing Accounts$37,672$37,121▼ $551
Prepaid Expenses and Deferred Charges$208$2,702▲ $2,494
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$383,804$287,865▼ $95,939
Other Assets Total$0$2,644▲ $2,644
Liabilities
Accounts Payable and Accrued Expenses$8,500$9,874▲ $1,374
Total Liabilities$8,500$9,874▲ $1,374
Net Assets / Fund Balance
Total Net Assets Fund Balance$375,304$277,991▼ $97,313
Total Liabilities and Net Assets / Fund Balance$383,804$287,865▼ $95,939
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleOtherTotal
Sharon BaylisTrustee$1,500$1,500

Board Members and Trustees

NameTitle
Beverly KisselTrustee
Jayne JacobsTrustee
Melanie GomezTrustee
Paul GoodTrustee
Susan JaroszTrustee
Monica GreyTrustee - Past
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$359,335
Investment Income
$445
Other Revenue
$0
Change in Net Assets
$-97,313

Audited Revenue Reconciliation

Revenue per Audited Statements
$359,780
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$359,780
Total Revenue per Form 990
$359,780
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,036
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---$433,057
Fees for Services Other---$11,144
Fees for Services Accounting---$9,500
Fees for Services Legal---$2,500
Office Expenses---$518
Conferences and Meetings---$374
Total Functional Expenses$0$0$0$457,093

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$457,093
Total Expenses per Audited Statements$457,093
Total Expenses per Form 990$457,093
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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 A, Line 6

“The fund has participants.”

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

“The fund did not have any committees with authority to act on behalf of the broad of trustees.”

Form 990, Part VI, Section B, Line 11

“The form 990 is prepared by the funds independent auditors and reviewed by the board of trustees before it is filed.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial statements are available upon request for examination at the fund's office.”

Filing and Contact Details

Filer

Filer Name
Edgemont Teachers Association
EIN
23-7413077
Phone
9147251500
Address
200 WHITE OAK LANE, SCARSDALE, NY 10583-1723

Signing Officer

Name
Sharon Baylis
Title
Trustee
Phone
9147251500
Signed
2017-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Baylis
Formed
1973
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Buchbinder Tunick & Co Llp
Address
ONE PENN PLAZA - SUITE 5335, NEW YORK, NY 10119-0219
Phone
2126955003
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE C:

“The organization's process for overseeing the audit of its financial statements and for its selection of an independent accountant has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the fund and recognize a tax liability (or asset) if the fund has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The plan administrator has analyzed the tax positions taken by the fund, and has concluded that as of june 30, 2016, that there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. Employee benefit plans are subject to routine audits by taxing jurisdictions; however there are curretly no audits for any tax periods in progress for the fund. The plan administrator believes that it is no longer subject to income tax examinations for years prior to 2013.”

Raw XML Appendix332 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.

Path#Value
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IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 WHITE OAK LANE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SCARSDALE
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0SHARON BAYLIS
IRS990/Form990PartVIISectionAGrp/PersonNm1BEVERLY KISSEL
IRS990/Form990PartVIISectionAGrp/PersonNm2MELANIE GOMEZ
IRS990/Form990PartVIISectionAGrp/PersonNm3PAUL GOOD
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IRS990/Form990PartVIISectionAGrp/PersonNm5JAYNE JACOBS
IRS990/Form990PartVIISectionAGrp/PersonNm6MONICA GREY
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE - PAST
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
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IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0359780
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0277991
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FUND AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FUND HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FUND, AND HAS CONCLUDED THAT AS OF JUNE 30, 2016, THAT THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. EMPLOYEE BENEFIT PLANS ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER THERE ARE CURRETLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS FOR THE FUND. THE PLAN ADMINISTRATOR BELIEVES THAT IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FUND HAS PARTICIPANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BROAD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY THE FUNDS INDEPENDENT AUDITORS AND REVIEWED BY THE BOARD OF TRUSTEES BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR EXAMINATION AT THE FUND'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S PROCESS FOR OVERSEEING THE AUDIT OF ITS FINANCIAL STATEMENTS AND FOR ITS SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE C:
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0EDGEMONT TEACHERS ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1EDGEMONT UNION FREE SCHOOL DISTRICT AT GREENBURGH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0134122827
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0REPRESENT MEMBERS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SCARSDALE
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0105831723
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/TotalAssetsBOYAmt0383804
IRS990/TotalAssetsEOYAmt0287865
IRS990/TotalAssetsGrp/BOYAmt0383804
IRS990/TotalAssetsGrp/EOYAmt0287865
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0457093
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt09874
IRS990/TotalLiabilitiesGrp/BOYAmt08500
IRS990/TotalLiabilitiesGrp/EOYAmt09874
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0375304
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0277991
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0359335
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0445
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0359335
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0359780
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/USAddress/ZIPCd0105831723
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHARON BAYLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum09147251500
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDGEMONT TEACHERS ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INSURANCE TRUST FUND
ReturnHeader/Filer/BusinessNameControlTxt0EDGE
ReturnHeader/Filer/EIN0237413077
ReturnHeader/Filer/PhoneNum09147251500
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 WHITE OAK LANE
ReturnHeader/Filer/USAddress/CityNm0SCARSDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131578842
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUCHBINDER TUNICK & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE PENN PLAZA - SUITE 5335
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0101190219
ReturnHeader/PreparerPersonGrp/PhoneNum02126955003
ReturnHeader/ReturnTs02017-03-23T15:41:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$287,865
Liabilities
$9,874
Net assets
$277,991
Revenue
$359,780
Expenses
$457,093
Net income
-$97,313
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.75$0.33$0.42$5.10$5.44$0.34
2023Detailed filing. Detailed filing data is available for this year.$1.09$0.33$0.76$4.71$5.37$0.66
2022Detailed filing. Detailed filing data is available for this year.$1.69$0.26$1.42$4.71$5.32$0.61
2021Detailed filing. Detailed filing data is available for this year.$2.28$0.25$2.03$4.48$4.71$0.23
2020Detailed filing. Detailed filing data is available for this year.$2.48$0.22$2.26$4.53$4.03$0.50
2019Detailed filing. Detailed filing data is available for this year.$1.97$0.21$1.76$4.29$5.00$0.72
2018Detailed filing. Detailed filing data is available for this year.$2.69$0.22$2.47$4.06$4.05$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.58$0.12$2.46$3.98$4.30$0.32
2016Detailed filing. Detailed filing data is available for this year.$2.88$0.10$2.78$3.60$4.57$0.97
2015Detailed filing. Detailed filing data is available for this year.$3.84$0.09$3.75$3.57$4.45$0.88
2014Detailed filing. Detailed filing data is available for this year.$4.73$0.10$4.64$3.54$3.74$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.93$0.09$4.84$3.73