Civic Intelligence

Investors Bank Retiree Benefit Trust

EIN 26-6749894 • 501(c)9 • Short Hills, NJ

Profile

SEE STATEMENT 1

101 Jfk ParkwayShort Hills, NJ 07078

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.00x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2016

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2016

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2016

Asset Growth

35th percentile

-4.8%

Faster asset growth than 35% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,912,838

Down $146,609 (-4.8%) from 2015

Liabilities

Down

$2,912,838

Down $146,609 (-4.8%) from 2015

Net Assets

Flat

$0

Flat from 2015

Revenue

Down

$0

Down $50,597 (-100%) from 2015

Expenses

Down

$0

Down $50,597 (-100%) from 2015

Net Income

Flat

$0

Flat from 2015

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $3,458,131Liabilities 2012: $3,458,131Net Assets 2012: $02012Assets 2013: $3,278,164Liabilities 2013: $3,278,164Net Assets 2013: $02013Assets 2014: $3,143,606Liabilities 2014: $3,143,606Net Assets 2014: $02014Assets 2015: $3,059,447Liabilities 2015: $3,059,447Net Assets 2015: $02015Assets 2016: $2,912,838Liabilities 2016: $2,912,838Net Assets 2016: $02016

Highlighted filing

2016

Assets$2,912,838
Liabilities$2,912,838
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0Expenses 2012: $02012Revenue 2013: $22,049Expenses 2013: $22,049Net Income 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $50,597Expenses 2015: $50,597Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016

Highlighted filing

2016

Revenue$0
Expenses$0
Net Income$0

Filings

Latest Detailed Filing

The latest 2016 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 27, 2016
Return Version
2015v2.1
Gross Receipts
$50,597
Mission and Program Overview

Mission

SEE STATEMENT 1

See schedule o, statement 1the trust was established december 1, 2007 as a tax-exempt voluntary employee beneficiary association ("veba") under section 501 (c) (9) of the irc of 1986, and as a retiree welfare benefit plan under erisa.on december 14, 2007, investors savings bank contributed $3,993,000 to the trust to be used exclusively to provide retiree health benefits to retirees. The $3,993,000 was used to purchase a single premium annuity contract to adequately fund the projected liquidity needs of the trust. Subsequently, additional payments were made as follows:december 31, 2011 $ 217,724

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Other Assets Total$3,143,606$3,059,447▼ $84,159
Total Assets$3,143,606$3,059,447▼ $84,159
Liabilities
Other Liabilities$3,143,606$3,059,447▼ $84,159
Total Liabilities$3,143,606$3,059,447▼ $84,159
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$3,143,606$3,059,447▼ $84,159

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,059,447--
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$50,597
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,597
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
Other Expenses-$50,597-$50,597
Total Functional Expenses$0$50,597$0$50,597
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Retiree Health Benefits$3,059,447
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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 B, Line 11

Form 990 is provided to trustees before filing the form.

Form 990, Part VI, Section C, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Investors Bank Retiree Benefit Trust
EIN
26-6749894
Phone
9739245166
Address
101 JFK PARKWAY, SHORT HILLS, NJ 07078

Signing Officer

Name
JULIE O'CONNOR
Title
Trustee
Phone
9739245166
Signed
2016-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doreen Byrnes
Formed
2007
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Mcgrath Doyle & Phair
Address
150 BROADWAY SUITE 1212, NEW YORK, NY 10038-4499
Preparer
Nicholas Jacangelo
Phone
2125712300
Raw XML Appendix249 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
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SEE SCHEDULE O, STATEMENT 1THE TRUST WAS ESTABLISHED DECEMBER 1, 2007 AS A TAX-EXEMPT VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION ("VEBA") UNDER SECTION 501 (C) (9) OF THE IRC OF 1986, AND AS A RETIREE WELFARE BENEFIT PLAN UNDER ERISA.ON DECEMBER 14, 2007, INVESTORS SAVINGS BANK CONTRIBUTED $3,993,000 TO THE TRUST TO BE USED EXCLUSIVELY TO PROVIDE RETIREE HEALTH BENEFITS TO RETIREES. THE $3,993,000 WAS USED TO PURCHASE A SINGLE PREMIUM ANNUITY CONTRACT TO ADEQUATELY FUND THE PROJECTED LIQUIDITY NEEDS OF THE TRUST. SUBSEQUENTLY, ADDITIONAL PAYMENTS WERE MADE AS FOLLOWS:DECEMBER 31, 2011 $ 217,724
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LISA A SISTO
IRS990/BooksInCareOfDetail/PhoneNum09739245166
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0101 JFK PARKWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0SHORT HILLS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007078
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt050597
IRS990/CYOtherRevenueAmt050597
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt00
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt050597
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt050597
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0SEE STATEMENT 1
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0ROSE SIGLER
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt1DOREEN BYRNES
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2WILLIAM COSGROVE
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd1X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt050597
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE STATEMENT 1
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt00
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03143606
IRS990/OtherAssetsTotalGrp/EOYAmt03059447
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADJUST. ANNUITY CONTRAC
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt050597
IRS990/OtherExpensesGrp/TotalAmt050597
IRS990/OtherLiabilitiesGrp/BOYAmt03143606
IRS990/OtherLiabilitiesGrp/EOYAmt03059447
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE REFUND
IRS990/OtherRevenueMiscGrp/ExclusionAmt050597
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050597
IRS990/OtherRevenueTotalAmt050597
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DOREEN BYRNES
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03059447
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RETIREE HEALTH BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03059447
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RETIREE HEALTH BENEFITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03059447
IRS990ScheduleD/TotalLiabilityAmt03059447
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO TRUSTEES BEFORE FILING THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03143606
IRS990/TotalAssetsEOYAmt03059447
IRS990/TotalAssetsGrp/BOYAmt03143606
IRS990/TotalAssetsGrp/EOYAmt03059447
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050597
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt050597
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03143606
IRS990/TotalLiabilitiesEOYAmt03059447
IRS990/TotalLiabilitiesGrp/BOYAmt03143606
IRS990/TotalLiabilitiesGrp/EOYAmt03059447
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt050597
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0SHORT HILLS
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007078
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE O'CONNOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum09739245166
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INVESTORS BANK RETIREE BENEFIT TRUST
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O LISA A SISTO
ReturnHeader/Filer/BusinessNameControlTxt0INVE
ReturnHeader/Filer/EIN0266749894
ReturnHeader/Filer/PhoneNum09739245166
ReturnHeader/Filer/USAddress/AddressLine1Txt0101 JFK PARKWAY
ReturnHeader/Filer/USAddress/CityNm0SHORT HILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007078
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0135559072
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCGRATH DOYLE & PHAIR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0150 BROADWAY SUITE 1212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100384499
ReturnHeader/PreparerPersonGrp/PhoneNum02125712300
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NICHOLAS JACANGELO
ReturnHeader/ReturnTs02016-10-27T08:08:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)9 • $1M-$5M nonprofits