Civic Intelligence

Edgemont Teachers Association Insu Rance Trust Fund

990 • Fiscal year 2017 • EIN 23-7413077

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 24, 2018

Organization ProfileN/A
200 White Oak LaneScarsdale, NY 10583

(914) 725-1500

Siviq Scores

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

Liabilities / Assets

78th percentile

0.05x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)9 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2017 filings • 501(c)9 • <$500k nonprofits • Source year 2017

Net Margin

37th percentile

-8.0%

Higher net margin than 37% of similar nonprofits.

2017 filings • 501(c)9 • <$500k nonprofits • Source year 2017

Top Officer Pay

83rd percentile

$1,500

Higher top officer pay than 83% of similar nonprofits.

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

2017 filings • 501(c)9 • <$500k nonprofits • Source year 2017

Asset Growth

34th percentile

-10%

Faster asset growth than 34% of similar nonprofits.

2017 filings • 501(c)9 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

74th percentile

11%

Faster revenue growth than 74% of similar nonprofits.

2017 filings • 501(c)9 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$258,172

Down $29,693 (-10%) from 2016

Net Assets

Down

$246,212

Down $31,779 (-11%) from 2016

Liabilities

Up

$11,960

Up $2,086 (+21%) from 2016

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin37th percentile

Revenue

Up

$398,490

Up $38,710 (+11%) from 2016

Expenses

Down

$430,269

Down $26,824 (-5.9%) from 2016

Net Income

Up

-$31,779

Up $65,534 (+67%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2017

Assets$258,172
Liabilities$11,960
Net Assets$246,212
Open 2017 Filing

Operations Trend

Revenue Growth74th 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

2017

Revenue$398,490
Expenses$430,269
Net Income-$31,779
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 24, 2018
Return Version
2016v3.0
Gross Receipts
$398,490
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$277,991$246,212▼ $31,779
Savings and Temporary Cash Investments$245,398$231,272▼ $14,126
Cash and Non-Interest-Bearing Accounts$37,121$9,093▼ $28,028
Prepaid Expenses and Deferred Charges$2,702$4,544▲ $1,842
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$287,865$258,172▼ $29,693
Other Assets Total$2,644$13,263▲ $10,619
Liabilities
Accounts Payable and Accrued Expenses$9,874$11,960▲ $2,086
Total Liabilities$9,874$11,960▲ $2,086
Net Assets / Fund Balance
Total Net Assets Fund Balance$277,991$246,212▼ $31,779
Total Liabilities and Net Assets / Fund Balance$287,865$258,172▼ $29,693

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$13,263--
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleOtherTotal
Sharon BaylisTrustee$1,500$1,500

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$398,039
Investment Income
$451
Other Revenue
$0
Change in Net Assets
$-31,779

Audited Revenue Reconciliation

Revenue per Audited Statements
$398,490
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$398,490
Total Revenue per Form 990
$398,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,083
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---$406,186
Fees for Services Other---$11,459
Fees for Services Accounting---$10,000
Fees for Services Legal---$2,500
Office Expenses---$124
Total Functional Expenses$0$0$0$430,269

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$430,269
Total Expenses per Audited Statements$430,269
Total Expenses per Form 990$430,269
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 11B

“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

Signing Officer

Name
Sharon Baylis
Title
Trustee
Phone
9147251500
Signed
2018-04-24
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 3500, NEW YORK, NY 10119-3601
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, 2017, 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 2014.”

Raw XML Appendix341 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/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE - PAST
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
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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, 2017, 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 2014.
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE C:
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1EDGEMONT UNION FREE SCHOOL DISTRICT AT GREENBURGH
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ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$258,172
Liabilities
$11,960
Net assets
$246,212
Revenue
$398,490
Expenses
$430,269
Net income
-$31,779
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