Civic Intelligence

Workers Compensation Security Fund

990 • Fiscal year 2023 • EIN 27-2030868

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 26, 2024

Organization ProfileWWW.NJGUARANTY.ORG
233 Mount Airy RoadBasking Ridge, NJ 07920-2335

(908) 382-7100

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$243,284,559

Up $13,517,884 (+5.9%) from 2021

Net Assets

Up

$242,963,918

Up $13,595,110 (+5.9%) from 2021

Liabilities

Down

$320,641

Down $77,226 (-19%) from 2021

Revenue And Expenses

Revenue

Up

$33,543,502

Up $4,898,761 (+17%) from 2021

Expenses

Down

$26,287,757

Down $3,437,545 (-12%) from 2021

Net Income

Up

$7,255,745

Up $8,336,306 (+771%) from 2021

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2011: $90,621,363Liabilities 2011: $170,438Net Assets 2011: $90,450,9252011Assets 2012: $105,667,987Liabilities 2012: $117,509Net Assets 2012: $105,550,4782012Assets 2014: $143,115,285Liabilities 2014: $419,008Net Assets 2014: $142,696,2772014Assets 2015: $165,809,138Liabilities 2015: $440,250Net Assets 2015: $165,368,8882015Assets 2016: $180,867,670Liabilities 2016: $360,553Net Assets 2016: $180,507,1172016Assets 2018: $207,438,414Liabilities 2018: $782,539Net Assets 2018: $206,655,8752018Assets 2019: $229,143,293Liabilities 2019: $337,714Net Assets 2019: $228,805,5792019Assets 2020: $230,914,440Liabilities 2020: $465,071Net Assets 2020: $230,449,3692020Assets 2021: $229,766,675Liabilities 2021: $397,867Net Assets 2021: $229,368,8082021Assets 2023: $243,284,559Liabilities 2023: $320,641Net Assets 2023: $242,963,9182023Assets 2024: $255,648,805Liabilities 2024: $341,051Net Assets 2024: $255,307,7542024

Highlighted filing

2023

Assets$243,284,559
Liabilities$320,641
Net Assets$242,963,918
Open 2023 Filing

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2011: $17,031,9052011Expenses 2012: $15,965,5862012Revenue 2014: $37,795,511Expenses 2014: $23,419,587Net Income 2014: $14,375,9242014Revenue 2015: $43,335,414Expenses 2015: $20,662,803Net Income 2015: $22,672,6112015Revenue 2016: $36,182,933Expenses 2016: $21,044,704Net Income 2016: $15,138,2292016Revenue 2018: $51,066,087Expenses 2018: $34,981,115Net Income 2018: $16,084,9722018Revenue 2019: $58,825,090Expenses 2019: $36,675,386Net Income 2019: $22,149,7042019Revenue 2020: $35,010,632Expenses 2020: $33,366,842Net Income 2020: $1,643,7902020Revenue 2021: $28,644,741Expenses 2021: $29,725,302Net Income 2021: -$1,080,5612021Revenue 2023: $33,543,502Expenses 2023: $26,287,757Net Income 2023: $7,255,7452023Revenue 2024: $38,797,654Expenses 2024: $26,453,818Net Income 2024: $12,343,8362024

Highlighted filing

2023

Revenue$33,543,502
Expenses$26,287,757
Net Income$7,255,745
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 26, 2024
Return Version
2023v5.1
Gross Receipts
$294,444,965
Mission and Program Overview

Mission

The wcsf was established by the new jersey legislature in 1935 to pay the claims of insolvent workers' compensation insurance carriers arising from the coverage of risks located or resident in new jersey. Carriers authorized to transact the business of workers compensation insurance in new jersey contribute to the wcsf.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$235,708,173$242,963,918▲ $7,255,745
Investments in Publicly Traded Securities$226,066,173$232,391,652▲ $6,325,479
Savings and Temporary Cash Investments$8,712,275$9,512,985▲ $800,710
Cash and Non-Interest-Bearing Accounts$1,307,414$1,342,071▲ $34,657
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$236,085,862$243,284,559▲ $7,198,697
Other Assets Total$0$37,851▲ $37,851
Liabilities
Other Liabilities$377,689$320,641▼ $57,048
Total Liabilities$377,689$320,641▼ $57,048
Net Assets / Fund Balance
Total Net Assets Fund Balance$235,708,173$242,963,918▲ $7,255,745
Total Liabilities and Net Assets / Fund Balance$236,085,862$243,284,559▲ $7,198,697
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Steven LisnerChief Executive OfficerPT$330,284$330,284
Renan BesidoGeneral CounselPT$265,583$265,583
Nicholas HammDirector of Compliance & ItPT$220,123$220,123
Jason PinterDirector of ClaimsPT$205,721$205,721
William KahleDirector of OperationsPT$190,668$190,668
-Software Develop. ManagerPT$186,704$186,704
-Asst Director of ClaimsPT$186,569$186,569
-Asst Director of Compliance & ItPT$179,651$179,651
-Former Director of FinancePT$178,465$178,465
-Sr Med Bill Review & Code AnlstPT$175,197$175,197
-Director of SuiPT$166,758$166,758
-Director of FinancePT$129,794$129,794

Board Members and Trustees

NameTitle
Renan BesidoAsst Director of Claims
Jason PinterAsst Director of Compliance & It
Michael RomeoDirector of Claims
Ronald ChessDirector of Compliance & It
Trish YoungDirector of Operations
Nicholas HammDirector of Sui
William KahleFormer Director of Finance
Frank RotellaInstitutional Trustee
Joseph DellaferaInstitutional Trustee
Lori ConnorsInstitutional Trustee
Michael RomeoInstitutional Trustee
Ronald ChessInstitutional Trustee
Thomas AntolaInstitutional Trustee
Trish YoungInstitutional Trustee
David RaczenbeckTrustee - Director
Jessica Schlee-gilbertTrustee - Director
Joseph DellaferaChief Executive Officer
Lori ConnorsGeneral Counsel
Thomas AntolaSoftware Develop. Manager
Steven LisnerSr Med Bill Review & Code Anlst

Highest Paid Contractors

ContractorServicesLocationCompensation
Bayada Home Health Care INCNursing ServicesPO BOX 536446, Pittsburgh, PA 15253-5906$313,885
Cap Care LLCNursing Services31 PARK ST 2ND FLOOR, Montclair, NJ 07042$142,137
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$27,873,413
Investment Income
$5,670,089
Other Revenue
$0
Change in Net Assets
$7,255,745

Audited Revenue Reconciliation

Revenue per Audited Statements
$33,543,502
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$33,543,502
Total Revenue per Form 990
$33,543,502
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,384,937
Salaries, Compensation, and Employee Benefits$2,902,820
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,044,535
Other Expenses---$339,388
Other Employee Benefits---$259,651
Current Officers, Directors, Trustees, and Key Employees---$252,733
Depreciation Depletion---$188,473
Pension Plan Contributions---$175,562
Payroll Taxes---$170,339
Occupancy---$142,871
Office Expenses---$141,282
Fees for Service Investment Mgmnt Fees---$120,593
Fees for Services Other---$115,414
Fees for Services Accounting---$49,006
Insurance---$43,944
Fees for Services Legal---$12,333
Travel---$11,000
Total Functional Expenses$0$0$0$26,287,757

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,287,757
Total Expenses per Audited Statements$26,287,757
Total Expenses per Form 990$26,287,757
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Pliga - Admin$320,641
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Members consist of carriers authorized to transact the business of workers' compensation insurance in the state of new jersey.”

Form 990, Part VI, Section A, Line 7B

“The commissioner of the new jersey department of banking and insurance approves certain decisions of the governing body as set forth in the plan of operation.”

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

“Form 990 is prepared by external auditors and director of finance. Form 990 is reviewed by ceo and general counsel, reviewed by the audit committee, reviewed by board members prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The ceo delivers a copy of the conflict of interest policy to every director of wcsf. The "antitrust statement" is reviewed before each board meeting or board committee meeting to remind participants that the antitrust policy is enforced and to ensure that the conduct of the meeting conforms with the policy.”

Form 990, Part VI, Section C, Line 19

“Wcsf makes its governing documents, conflict of interest policy, and financial statements available to its members upon request.”

Filing and Contact Details

Filer

Filer Name
Workers Compensation Security Fund
EIN
27-2030868
Phone
9083827100
Address
233 MOUNT AIRY ROAD, BASKING RIDGE, NJ 07920-2335

Signing Officer

Name
Frank Rotella
Title
Director of Finance
Phone
9083827100
Signed
2024-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Rotella
Formed
2010
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Eisner Advisory Group LLC
Address
111 WOOD AVENUE SOUTH, ISELIN, NJ 08830-2700
Preparer
Barbara Pena
Phone
7322437000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“The wcsf was established by the new jersey legislature in 1935 to pay the claims of insolvent workers' compensation insurance carriers arising from the coverage of risks located or resident in new jersey. Carriers authorized to transact the business of workers' compensation insurance in new jersey contribute to the wcsf.”

Financial Statement Notes

PART X, LINE 2:

“The fund was previously administered by the compensation rating & inspection bureau as a component of the state of new jersey and was therefore tax-exempt. The fund is exempt from all taxes and fees levied by the state of new jersey except taxes levied on real and personal property. The fund obtained an approval on february 24, 2011 from the internal revenue service ("irs") of its tax-exempt status under section 501(c)(6) of the internal revenue code. The effective date of exemption was march 1, 2010. Management has determined that there are no uncertain income tax positions taken by the fund as of december 31, 2023.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9295408
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10232414
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11186459
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12176850
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13175773
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14119556
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15155066
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt16148624
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17152014
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt18153816
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt19143978
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20147915
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE - DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE - DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2INSTITUTIONAL TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3INSTITUTIONAL TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4INSTITUTIONAL TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5INSTITUTIONAL TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6INSTITUTIONAL TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7INSTITUTIONAL TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8INSTITUTIONAL TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIR. OF COMPLIANCE & IT
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF CLAIMS
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt15SOFTWARE DEVELOP. MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt16SR MED BILL REVIEW & CODE ANLST
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASST DIRECTOR OF CLAIMS
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF SUI
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASST DIRECTOR OF COMPLIANCE & IT
IRS990/Form990PartVIISectionAGrp/TitleTxt20FORMER DIRECTOR OF FINANCE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-260608
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0260640855
IRS990/GrossReceiptsAmt0294444965
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/TotalAmt043944
IRS990/InvestmentIncomeGrp/ExclusionAmt05930697
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05930697
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0226066173
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0232391652
IRS990/IRPDocumentCnt0565
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NJ
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0260901463
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE WCSF WAS ESTABLISHED BY THE NEW JERSEY LEGISLATURE IN 1935 TO PAYTHE CLAIMS OF INSOLVENT WORKERS' COMPENSATION INSURANCE CARRIERSARISING FROM THE COVERAGE OF RISKS LOCATED OR RESIDENT IN NEW JERSEY.CARRIERS AUTHORIZED TO TRANSACT THE BUSINESS OF WORKERS' COMPENSATIONINSURANCE IN NEW JERSEY CONTRIBUTE TO THE WCSF.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0235708173
IRS990/NetAssetsOrFundBalancesEOYAmt0242963918
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-260608
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-260608
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0142871
IRS990/OfficeExpensesGrp/TotalAmt0141282
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt037851
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0259651
IRS990/OtherExpensesGrp/Desc0CLAIM PAID
IRS990/OtherExpensesGrp/Desc1CLAIM EXPENSES PAID
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE EXPENSES
IRS990/OtherExpensesGrp/TotalAmt019681078
IRS990/OtherExpensesGrp/TotalAmt12539555
IRS990/OtherExpensesGrp/TotalAmt2339388
IRS990/OtherLiabilitiesGrp/BOYAmt0377689
IRS990/OtherLiabilitiesGrp/EOYAmt0320641
IRS990/OtherSalariesAndWagesGrp/TotalAmt02044535
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0170339
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0175562
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0FRANK ROTELLA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0524298
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/BusinessCd3524298
IRS990/ProgramServiceRevenueGrp/Desc0WC ASSESSMENT COLLECTE
IRS990/ProgramServiceRevenueGrp/Desc1LIQUIDATION DIVIDEND
IRS990/ProgramServiceRevenueGrp/Desc2LARGE DEDUCTIBLE
IRS990/ProgramServiceRevenueGrp/Desc3LIQUIDATION DIV-ANNU.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt025205987
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12614104
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt246506
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt36816
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt025205987
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12614104
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt246506
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36816
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02113124
IRS990/PYOtherExpensesAmt024500129
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt031737371
IRS990/PYRevenuesLessExpensesAmt06339365
IRS990/PYSalariesCompEmpBnftPaidAmt03011001
IRS990/PYTotalExpensesAmt027511130
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt033850495
IRS990/ReconcilationRevenueExpnssAmt07255745
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0235708173
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0242963918
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08712275
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09512985
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt026287757
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0320641
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYABLE TO PLIGA - ADMIN
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt033543502
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND WAS PREVIOUSLY ADMINISTERED BY THE COMPENSATION RATING & INSPECTION BUREAU AS A COMPONENT OF THE STATE OF NEW JERSEY AND WAS THEREFORE TAX-EXEMPT. THE FUND IS EXEMPT FROM ALL TAXES AND FEES LEVIED BY THE STATE OF NEW JERSEY EXCEPT TAXES LEVIED ON REAL AND PERSONAL PROPERTY. THE FUND OBTAINED AN APPROVAL ON FEBRUARY 24, 2011 FROM THE INTERNAL REVENUE SERVICE ("IRS") OF ITS TAX-EXEMPT STATUS UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE EFFECTIVE DATE OF EXEMPTION WAS MARCH 1, 2010. MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN INCOME TAX POSITIONS TAKEN BY THE FUND AS OF DECEMBER 31, 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt026287757
IRS990ScheduleD/TotalLiabilityAmt0320641
IRS990ScheduleD/TotalRevenuePerForm990Amt033543502
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt033543502
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt026287757
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt70
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt80
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt90
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$243,284,559
Liabilities
$320,641
Net assets
$242,963,918
Revenue
$33,543,502
Expenses
$26,287,757
Net income
$7,255,745
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$256$0.34$255$38.8$26.5$12.3
2023Detailed filing. Detailed filing data is available for this year.$243$0.32$243$33.5$26.3$7.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$230$0.40$229$28.6$29.7$1.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$231$0.47$230$35.0$33.4$1.64
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$229$0.34$229$58.8$36.7$22.1
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$207$0.78$207$51.1$35.0$16.1
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$181$0.36$181$36.2$21.0$15.1
2015Detailed filing. Detailed filing data is available for this year.$166$0.44$165$43.3$20.7$22.7
2014Detailed filing. Detailed filing data is available for this year.$143$0.42$143$37.8$23.4$14.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$106$0.12$106$16.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.6$0.17$90.5$17.0