Civic Intelligence

Voluntary Benefits Plan for Retired Employees of Kaiser Group International

990 • Fiscal year 2020 • EIN 26-1498967

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 29, 2021

1943 50th Street NorthBirmingham, AL 35212

(703) 934-3798

Siviq Scores

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

Liabilities / Assets

44th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Net Margin

11th percentile

-51%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

88th percentile

$188,838

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 56.1% of source-year revenue.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Asset Growth

17th percentile

-11%

Faster asset growth than 17% of similar nonprofits.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

38th percentile

-7.3%

Faster revenue growth than 38% of similar nonprofits.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,024,686

Down $120,811 (-11%) from 2019

Net Assets

Down

$1,024,686

Down $120,811 (-11%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$336,540

Down $26,368 (-7.3%) from 2019

Expenses

Down

$509,469

Down $38,570 (-7.0%) from 2019

Net Income

Up

-$172,929

Up $12,202 (+6.6%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,166,947Liabilities 2010: $94,096Net Assets 2010: $3,072,8512010Assets 2011: $2,710,197Liabilities 2011: $114,096Net Assets 2011: $2,596,1012011Assets 2012: $2,347,131Liabilities 2012: $40,606Net Assets 2012: $2,306,5252012Assets 2014: $2,590,005Liabilities 2014: $31,380Net Assets 2014: $2,558,6252014Assets 2015: $2,153,594Liabilities 2015: $5,000Net Assets 2015: $2,148,5942015Assets 2016: $1,836,709Liabilities 2016: $25,000Net Assets 2016: $1,811,7092016Assets 2017: $1,587,887Liabilities 2017: $0Net Assets 2017: $1,587,8872017Assets 2018: $1,252,802Liabilities 2018: $0Net Assets 2018: $1,252,8022018Assets 2019: $1,145,497Liabilities 2019: $0Net Assets 2019: $1,145,4972019Assets 2020: $1,024,686Liabilities 2020: $0Net Assets 2020: $1,024,6862020Assets 2022: $575,316Liabilities 2022: $0Net Assets 2022: $575,3162022Assets 2024: $306,661Liabilities 2024: $0Net Assets 2024: $306,6612024

Highlighted filing

2020

Assets$1,024,686
Liabilities$0
Net Assets$1,024,686

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,626,4392010Expenses 2011: $1,511,7402011Expenses 2012: $1,255,8142012Revenue 2014: $770,942Expenses 2014: $1,129,556Net Income 2014: -$358,6142014Revenue 2015: $498,834Expenses 2015: $851,193Net Income 2015: -$352,3592015Revenue 2016: $417,695Expenses 2016: $792,869Net Income 2016: -$375,1742016Revenue 2017: $409,039Expenses 2017: $689,657Net Income 2017: -$280,6182017Revenue 2018: $357,386Expenses 2018: $634,130Net Income 2018: -$276,7442018Revenue 2019: $362,908Expenses 2019: $548,039Net Income 2019: -$185,1312019Revenue 2020: $336,540Expenses 2020: $509,469Net Income 2020: -$172,9292020Revenue 2022: $179,936Expenses 2022: $362,655Net Income 2022: -$182,7192022Revenue 2024: $108,396Expenses 2024: $216,633Net Income 2024: -$108,2372024

Highlighted filing

2020

Revenue$336,540
Expenses$509,469
Net Income-$172,929
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 29, 2021
Return Version
2020v4.1
Gross Receipts
$754,185
Mission and Program Overview

Mission

To provide health and death benefits to eligible retirees of kaiser group international.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,145,497$1,024,686▼ $120,811
Investments Other Securities$1,011,993$921,807▼ $90,186
Cash and Non-Interest-Bearing Accounts$128,260$97,482▼ $30,778
Other Notes and Loans Receivable, Net$5,244$5,397▲ $153
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,145,497$1,024,686▼ $120,811
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,145,497$1,024,686▼ $120,811
Total Liabilities and Net Assets / Fund Balance$1,145,497$1,024,686▼ $120,811

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$921,807--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Zach SteinfeldPlan Administrator$132,957$132,957

Board Members and Trustees

NameTitle
Doris SewellTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$271,568
Investment Income
$64,972
Other Revenue
$0
Change in Net Assets
$-172,929

Audited Revenue Reconciliation

Revenue per Audited Statements
$336,540
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$52,118
Total Revenue per Audited Statements
$388,658
Total Revenue per Form 990
$336,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$32,669
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---$476,800
Other Expenses---$32,669
Total Functional Expenses$0$0$0$509,469

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$509,469
Total Expenses per Audited Statements$509,469
Total Expenses per Form 990$509,469
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
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
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 8A

The organization does not have a governing body.

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

The organization does not have any committees.

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

Form 990 is reviewed by the veba administration committee consisting of two executives of kaiser group.

Form 990, Part VI, Section C, Line 19

Copies are provided on request or are available for inspection at an office of the organization.

Filing and Contact Details

Filer

Filer Name
Voluntary Benefits Plan for Retired
EIN
26-1498967
Phone
7039343798
Address
1943 50TH STREET NORTH, BIRMINGHAM, AL 35212

Signing Officer

Name
Zach Steinfeld
Title
Chief Financial Officer
Phone
7039343798
Signed
2021-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zach Steinfeld
Formed
2007
Legal Domicile
Md
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Warren Averett LLC
Address
2500 ACTON ROAD, BIRMINGHAM, AL 35243
Preparer
James Claiborne Morris
Phone
2059794100
Supplemental Narrative

Additional Explanations

PART XII, LINE 2C:

The organization did not change its oversight process or selection process during the year.

Financial Statement Notes

PART X, LINE 2:

The plan and the trust are required to operate in conformity with the irc to maintain the tax-exempt status of the trust. The plan administrator believes that the plan is designed to be in compliance with the applicable requirements of the irc. Accounting principles generally accepted in the united states of america require the plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain tax position that more likely than not would not be sustained upon examination by the irs. The plan is subject to routine audits; however, there are currently no audits for any tax periods in progress.

Raw XML Appendix324 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/BooksInCareOfDetail/USAddress/AddressLine1Txt01943 50TH STREET NORTH
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0463017
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/OtherExpensesGrp/TotalAmt032669
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS DESIGNED TO BE IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE A GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE VEBA ADMINISTRATION COMMITTEE CONSISTING OF TWO EXECUTIVES OF KAISER GROUP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES ARE PROVIDED ON REQUEST OR ARE AVAILABLE FOR INSPECTION AT AN OFFICE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
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/FormAndLineReferenceDesc4PART XII, LINE 2C:
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01145497
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01024686
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0271568
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt064972
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0271568
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0336540
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01145497
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01024686
IRS990/TotReportableCompRltdOrgAmt0321795
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01943 50TH STREET NORTH
IRS990/USAddress/CityNm0BIRMINGHAM
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035212
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ZACH STEINFELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum07039343798
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VOLUNTARY BENEFITS PLAN FOR RETIRED
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EMPLOYEES OF KAISER GROUP INTERNATIONAL
ReturnHeader/Filer/BusinessNameControlTxt0VOLU
ReturnHeader/Filer/EIN0261498967
ReturnHeader/Filer/PhoneNum07039343798
ReturnHeader/Filer/USAddress/AddressLine1Txt01943 50TH STREET NORTH
ReturnHeader/Filer/USAddress/CityNm0BIRMINGHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035212
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454084437
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WARREN AVERETT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02500 ACTON ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BIRMINGHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035243
ReturnHeader/PreparerPersonGrp/PhoneNum02059794100
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES CLAIBORNE MORRIS
ReturnHeader/ReturnTs02021-11-03T14:06:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ZACH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STEINFELD
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.00$0.31$0.11$0.22$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.00$0.58$0.18$0.36$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.34$0.51$0.17
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.00$1.15$0.36$0.55$0.19
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.00$1.25$0.36$0.63$0.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.00$1.59$0.41$0.69$0.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.84$0.03$1.81$0.42$0.79$0.38
2015Detailed filing. Detailed filing data is available for this year.$2.15$0.01$2.15$0.50$0.85$0.35
2014Detailed filing. Detailed filing data is available for this year.$2.59$0.03$2.56$0.77$1.13$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.04$2.31$1.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$0.11$2.60$1.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.17$0.09$3.07$1.63