Civic Intelligence

Local 342 Insurance Trust C O Galvin Murphy

990 • Fiscal year 2017 • EIN 23-7428792

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 23, 2018

Organization ProfileN/A

View Organization Page

501 William Floyd ParkwayShirley, NY 11967

(631) 395-0600

Siviq Scores

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

Liabilities / Assets

68th percentile

0.08x

Higher debt load relative to assets than 68% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.18x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Net Margin

48th percentile

1.5%

Higher net margin than 48% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$282,987

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 25.2% of source-year revenue.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Asset Growth

57th percentile

8.0%

Faster asset growth than 57% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

36th percentile

-0.5%

Faster revenue growth than 36% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$2,539,536

Up $188,907 (+8.0%) from 2016

Net Assets

Up

$2,338,330

Up $161,580 (+7.4%) from 2016

Liabilities

Up

$201,206

Up $27,327 (+16%) from 2016

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin48th percentile

Revenue

Down

$1,124,221

Down $5,502 (-0.5%) from 2016

Expenses

Up

$1,106,863

Up $668 (+0.1%) from 2016

Net Income

Down

$17,358

Down $6,170 (-26%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,403,762Liabilities 2010: $24,219Net Assets 2010: $2,379,5432010Assets 2011: $2,308,993Liabilities 2011: $155,172Net Assets 2011: $2,153,8212011Assets 2012: $2,483,605Liabilities 2012: $143,903Net Assets 2012: $2,339,7022012Assets 2013: $2,571,623Liabilities 2013: $156,822Net Assets 2013: $2,414,8012013Assets 2014: $2,479,786Liabilities 2014: $150,963Net Assets 2014: $2,328,8232014Assets 2015: $2,226,732Liabilities 2015: $159,282Net Assets 2015: $2,067,4502015Assets 2016: $2,350,629Liabilities 2016: $173,879Net Assets 2016: $2,176,7502016Assets 2017: $2,539,536Liabilities 2017: $201,206Net Assets 2017: $2,338,3302017Assets 2018: $2,408,842Liabilities 2018: $185,765Net Assets 2018: $2,223,0772018Assets 2019: $2,606,518Liabilities 2019: $188,642Net Assets 2019: $2,417,8762019Assets 2020: $2,976,367Liabilities 2020: $189,730Net Assets 2020: $2,786,6372020Assets 2021: $3,217,821Liabilities 2021: $189,996Net Assets 2021: $3,027,8252021Assets 2022: $2,803,783Liabilities 2022: $229,234Net Assets 2022: $2,574,5492022Assets 2023: $3,154,680Liabilities 2023: $230,716Net Assets 2023: $2,923,9642023Assets 2024: $3,389,347Liabilities 2024: $248,125Net Assets 2024: $3,141,2222024

Highlighted filing

2017

Assets$2,539,536
Liabilities$201,206
Net Assets$2,338,330
Open 2017 Filing

Operations Trend

Revenue Growth36th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $918,8702010Expenses 2011: $989,4282011Expenses 2012: $1,102,6612012Revenue 2013: $1,117,111Expenses 2013: $1,107,924Net Income 2013: $9,1872013Revenue 2014: $1,203,863Expenses 2014: $1,105,304Net Income 2014: $98,5592014Revenue 2015: $1,023,314Expenses 2015: $1,109,356Net Income 2015: -$86,0422015Revenue 2016: $1,129,723Expenses 2016: $1,106,195Net Income 2016: $23,5282016Revenue 2017: $1,124,221Expenses 2017: $1,106,863Net Income 2017: $17,3582017Revenue 2018: $1,111,339Expenses 2018: $1,108,918Net Income 2018: $2,4212018Revenue 2019: $1,078,779Expenses 2019: $1,129,141Net Income 2019: -$50,3622019Revenue 2020: $1,170,248Expenses 2020: $993,778Net Income 2020: $176,4702020Revenue 2021: $1,218,446Expenses 2021: $1,043,753Net Income 2021: $174,6932021Revenue 2022: $1,155,339Expenses 2022: $1,129,415Net Income 2022: $25,9242022Revenue 2023: $1,276,640Expenses 2023: $1,106,199Net Income 2023: $170,4412023Revenue 2024: $1,266,688Expenses 2024: $1,161,483Net Income 2024: $105,2052024

Highlighted filing

2017

Revenue$1,124,221
Expenses$1,106,863
Net Income$17,358
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 23, 2018
Return Version
2017v2.2
Gross Receipts
$3,379,144
Mission and Program Overview

Mission

Contributions provide dental, vision, wellness, st disability, legal services & life insurance benefits for their employees who are participants in the fund.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,176,750$2,338,330▲ $161,580
Investments in Publicly Traded Securities$2,013,527$2,169,470▲ $155,943
Savings and Temporary Cash Investments$162,019$147,629▼ $14,390
Land, Buildings, and Equipment, Net$22,846$62,793▲ $39,947
Prepaid Expenses and Deferred Charges$23,990$25,025▲ $1,035
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,350,629$2,539,536▲ $188,907
Other Assets Total$128,247$134,619▲ $6,372
Liabilities
Other Liabilities$117,483$122,182▲ $4,699
Accounts Payable and Accrued Expenses$56,396$48,858▼ $7,538
Mortgage Notes Payable Secured by Investment Property-$30,166-
Total Liabilities$173,879$201,206▲ $27,327
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,176,750$2,338,330▲ $161,580
Total Liabilities and Net Assets / Fund Balance$2,350,629$2,539,536▲ $188,907

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$50,726$161,922$212,648
Other Land Buildings-$60,240$60,240
Leasehold Improvements$12,067$48,092$60,159
Other Assets Org$12,437--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James MazzarellaFund AdministratorFT$165,558$27,136$192,694

Board Members and Trustees

NameTitle
William HennesseyTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,046,474
Investment Income
$70,747
Other Revenue
$7,000
Change in Net Assets
$17,358

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,105,375
Revenue Not Reported on Financial Statements
$18,846
Revenue Not Reported on Form 990
$144,222
Total Revenue per Audited Statements
$1,249,597
Total Revenue per Form 990
$1,124,221
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$375,696
Other Expenses$185,413
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$545,754
Current Officers, Directors, Trustees, and Key Employees---$192,694
Other Salaries and Wages---$137,263
Information Technology---$36,698
Office Expenses---$29,311
Fees for Services Accounting---$27,600
Occupancy---$25,200
Other Employee Benefits---$24,166
Payroll Taxes---$21,573
Fees for Service Investment Mgmnt Fees---$18,846
Fees for Services Legal---$18,000
Depreciation Depletion---$11,775
Insurance---$10,686
Conferences and Meetings---$5,757
Interest---$836
Travel---$554
Other Expenses---$150
Total Functional Expenses$0$0$0$1,106,863

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,106,863
Total Expenses per Audited Statements$1,095,555
Expenses per Audited Statements$1,088,017
Expenses Not Reported on Financial Statements$18,846
Expenses Not Reported on Form 990$7,538
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation Liability$122,182
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“William hennessey and james mazzarella - brothers in law”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 was sent to the trustees for review. Upon approval, a waiver is signed authorizing the electronic submission of the form.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The Board of Trustees discusses at regular meetings and identifies potential conflicts and reviews the list of conflicted parties that are reported by employees. If it is determined that the Fund is doing business with a conflicted party, such transactions will cease.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Increases in compensation are approved by the board and are compared to industry standards.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Upon request, governing documents, policies, and financial statements are made available to the public.”

Filing and Contact Details

Filer

Filer Name
Local 342 Insurance Trust
EIN
23-7428792
Phone
6313950600
Address
501 WILLIAM FLOYD PARKWAY, SHIRLEY, NY 11967

Signing Officer

Name
William Hennessey
Title
Trustee
Signed
2018-10-23
Discuss with paid preparer
Yes

Organization Details

Formed
1974
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
0
Employees
4

Preparer

Firm
Wagner & Zwerman LLP
Address
201 Old Country Road Ste 202, Melville, NY 11747-2731
Preparer
Andrew M Zwerman CPA
Phone
6317771000
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2017 and 2016, 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. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in process. The Plan administrator believes that the Plan's returns for the years prior to the year ended December 31, 2014 are no longer subject to examination based on the normal statutory periods subject to audit.”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Change in FBO $7538”

Raw XML AppendixShowing 400 of 416 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/ExpensesNotReportedAmt07538
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt018846
IRS990ScheduleD/ExpensesSubtotalAmt01088017
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt018846
IRS990ScheduleD/InvestmentExpensesNotIncldAmt018846
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt012067
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt048092
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt060159
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0144222
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0122182
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt112437
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED COMPENSATION PLAN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM AFFILIATED FUNDS
IRS990ScheduleD/OtherExpensesIncludedAmt07538
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt060240
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt060240
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0122182
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED COMPENSATION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt0144222
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt018846
IRS990ScheduleD/RevenueSubtotalAmt01105375
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2017 and 2016, 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. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in process. The Plan administrator believes that the Plan's returns for the years prior to the year ended December 31, 2014 are no longer subject to examination based on the normal statutory periods subject to audit.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Change in FBO $7538
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0134619
IRS990ScheduleD/TotalExpensesPerForm990Amt01106863
IRS990ScheduleD/TotalLiabilityAmt0122182
IRS990ScheduleD/TotalRevenuePerForm990Amt01124221
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01249597
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01095555
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IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt013962
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1235526
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt027136
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt02121
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt147461
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES MAZZARELLA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1WILLIAM HENNESSEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FUND ADMINISTRATOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Trustee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0192694
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt016083
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1282987
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WILLIAM HENNESSEY AND JAMES MAZZARELLA - BROTHERS IN LAW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS SENT TO THE TRUSTEES FOR REVIEW. UPON APPROVAL, A WAIVER IS SIGNED AUTHORIZING THE ELECTRONIC SUBMISSION OF THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Trustees discusses at regular meetings and identifies potential conflicts and reviews the list of conflicted parties that are reported by employees. If it is determined that the Fund is doing business with a conflicted party, such transactions will cease.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INCREASES IN COMPENSATION ARE APPROVED BY THE BOARD AND ARE COMPARED TO INDUSTRY STANDARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST, GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LOCAL 342 LONG ISLAND PUBLIC SERVICE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LOCAL 342 COPE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2501 PROPERTIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0132727100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1113565265
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2113338936
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1527
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0NEGOTIATE FUNCTIONS TO PROVIDE JOB OPPORTUNITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO SUPPORT POLITICAL ORGANIZATIONS & INDIVIDUALS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2TO PROVIDE RENTAL PROPERTY FOR TAX EXEMPT ORGANIZATIONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0501 WILLIAM FLOYD PARKWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1501 WILLIAM FLOYD PARKWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2501 WILLIAM FLOYD PARKWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SHIRLEY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1SHIRLEY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2SHIRLEY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd011967
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd111967
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd211967
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02350629
IRS990/TotalAssetsEOYAmt02539536
IRS990/TotalAssetsGrp/BOYAmt02350629
IRS990/TotalAssetsGrp/EOYAmt02539536
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01106863
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0173879
IRS990/TotalLiabilitiesEOYAmt0201206
IRS990/TotalLiabilitiesGrp/BOYAmt0173879
IRS990/TotalLiabilitiesGrp/EOYAmt0201206
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02176750
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02338330
IRS990/TotalOtherCompensationAmt076718
IRS990/TotalProgramServiceRevenueAmt01046474
IRS990/TotalReportableCompFromOrgAmt0165558
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01124221
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01124221
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02350629
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02539536
IRS990/TotReportableCompRltdOrgAmt0249488
IRS990/TravelGrp/TotalAmt0554
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM HENNESSEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOCAL 342 INSURANCE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0LOCA
ReturnHeader/Filer/EIN0237428792
ReturnHeader/Filer/PhoneNum06313950600
ReturnHeader/Filer/USAddress/AddressLine1Txt0501 WILLIAM FLOYD PARKWAY

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,539,536
Liabilities
$201,206
Net assets
$2,338,330
Revenue
$1,124,221
Expenses
$1,106,863
Net income
$17,358
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.39$0.25$3.14$1.27$1.16$0.11
2023Detailed filing. Detailed filing data is available for this year.$3.15$0.23$2.92$1.28$1.11$0.17
2022Detailed filing. Detailed filing data is available for this year.$2.80$0.23$2.57$1.16$1.13$0.03
2021Detailed filing. Detailed filing data is available for this year.$3.22$0.19$3.03$1.22$1.04$0.17
2020Detailed filing. Detailed filing data is available for this year.$2.98$0.19$2.79$1.17$0.99$0.18
2019Detailed filing. Detailed filing data is available for this year.$2.61$0.19$2.42$1.08$1.13$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.41$0.19$2.22$1.11$1.11$0.00
2017Detailed filing. Detailed filing data is available for this year.$2.54$0.20$2.34$1.12$1.11$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.35$0.17$2.18$1.13$1.11$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.23$0.16$2.07$1.02$1.11$0.09
2014Detailed filing. Detailed filing data is available for this year.$2.48$0.15$2.33$1.20$1.11$0.10
2013Detailed filing. Detailed filing data is available for this year.$2.57$0.16$2.41$1.12$1.11$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$0.14$2.34$1.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.16$2.15$0.99
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$0.02$2.38$0.92