Civic Intelligence

Versability Resources Inc Fringe Benefit Trust

990 • Fiscal year 2016 • EIN 27-6203765

Sep 01, 2015 to Aug 31, 2016 • Filed on Feb 15, 2017

Organization Profilewww.versability.org
2520 58th StreetHampton, VA 23661

(757) 896-6461

Siviq Scores

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

Liabilities / Assets

98th percentile

1.26x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

0.41x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2016

Net Margin

39th percentile

-2.2%

Higher net margin than 39% of similar nonprofits.

2016 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)9 • $500k-$1M nonprofits • Source year 2016

Asset Growth

92nd percentile

44%

Faster asset growth than 92% of similar nonprofits.

2016 filings • 501(c)9 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

75th percentile

10%

Faster revenue growth than 75% of similar nonprofits.

2016 filings • 501(c)9 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$218,683

Up $66,334 (+44%) from 2015

Net Assets

Down

-$56,478

Down $14,644 (-35%) from 2015

Liabilities

Up

$275,161

Up $80,978 (+42%) from 2015

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin39th percentile

Revenue

Up

$677,071

Up $64,001 (+10%) from 2015

Expenses

Up

$691,715

Up $65,346 (+10%) from 2015

Net Income

Down

-$14,644

Down $1,345 (-10%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$400K$200K$0-$200KAssets 2011: $119,424Liabilities 2011: $88,678Net Assets 2011: $30,7462011Assets 2012: $148,008Liabilities 2012: $151,148Net Assets 2012: -$3,1402012Assets 2013: $171,089Liabilities 2013: $183,691Net Assets 2013: -$12,6022013Assets 2015: $152,349Liabilities 2015: $194,183Net Assets 2015: -$41,8342015Assets 2016: $218,683Liabilities 2016: $275,161Net Assets 2016: -$56,4782016Assets 2017: $199,593Liabilities 2017: $264,416Net Assets 2017: -$64,8232017Assets 2018: $173,620Liabilities 2018: $260,503Net Assets 2018: -$86,8832018Assets 2019: $157,918Liabilities 2019: $255,151Net Assets 2019: -$97,2332019Assets 2020: $156,745Liabilities 2020: $258,032Net Assets 2020: -$101,2872020Assets 2021: $228,054Liabilities 2021: $343,105Net Assets 2021: -$115,0512021Assets 2022: $184,462Liabilities 2022: $327,466Net Assets 2022: -$143,0042022

Highlighted filing

2016

Assets$218,683
Liabilities$275,161
Net Assets-$56,478
Open 2016 Filing

Operations Trend

Revenue Growth75th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $327,2062011Expenses 2012: $981,3282012Expenses 2013: $685,7172013Revenue 2015: $613,070Expenses 2015: $626,369Net Income 2015: -$13,2992015Revenue 2016: $677,071Expenses 2016: $691,715Net Income 2016: -$14,6442016Revenue 2017: $602,434Expenses 2017: $610,779Net Income 2017: -$8,3452017Revenue 2018: $645,309Expenses 2018: $667,369Net Income 2018: -$22,0602018Revenue 2019: $651,919Expenses 2019: $662,269Net Income 2019: -$10,3502019Revenue 2020: $649,617Expenses 2020: $653,671Net Income 2020: -$4,0542020Revenue 2021: $711,934Expenses 2021: $725,698Net Income 2021: -$13,7642021Revenue 2022: $648,753Expenses 2022: $676,706Net Income 2022: -$27,9532022

Highlighted filing

2016

Revenue$677,071
Expenses$691,715
Net Income-$14,644
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$677,071
Mission and Program Overview

Mission

The trust provides fringe benefits to employees covered by the service contract act. Fringe benefits include health, dental, vision, life and short term disability benefits.

The trust provides fringe benefits to employees covered by the service contract act. Employee benefits, including health, dental, vision, life and short term disability insurance and paid time off are required to meet minimum prevailing wage rates as required under the act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$132,689$168,129▲ $35,440
Accounts Receivable$19,660$50,554▲ $30,894
Savings and Temporary Cash Investments-$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-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$152,349$218,683▲ $66,334
Other Assets Total-$0-
Liabilities
Other Liabilities$190,184$269,109▲ $78,925
Accounts Payable and Accrued Expenses$3,999$6,052▲ $2,053
Total Liabilities$194,183$275,161▲ $80,978
Net Assets / Fund Balance
Unrestricted Net Assets$-41,834$-56,478▼ $14,644
Total Net Assets Fund Balance$-41,834$-56,478▼ $14,644
Total Liabilities and Net Assets / Fund Balance$152,349$218,683▲ $66,334
Compensation and Service Providers
Top Officer Pay56th percentile

Board Members and Trustees

NameTitle
Kathryn J GrzelkowskiTrustee
Tammy RobbsTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$677,071
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-14,644

Audited Revenue Reconciliation

Revenue per Audited Statements
$677,071
Total Revenue per Audited Statements
$677,071
Total Revenue per Form 990
$677,071
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$56,540
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---$635,175
Fees for Services Management---$41,470
Fees for Services Accounting---$13,000
Fees for Services Legal---$2,070
Total Functional Expenses$0$0$0$691,715

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$691,715
Total Expenses per Audited Statements$691,715
Total Expenses per Form 990$691,715
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
Lobbying 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
Accrued Premium Reserve$184,886
Accrued Premium Rebate$84,223
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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, Line 11B: Form 990 Review Process

“Copy of the draft 990 is reviewed by the trustees prior to filing with the irs.”

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

“ORGANIZATIONAL DOCUMENTS, APPLICATION FOR EXEMPTION, AND FORM 990s ARE MADE AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Versability Resources Inc
EIN
27-6203765
Phone
7578966461
Address
2520 58TH STREET, HAMPTON, VA 23661

Signing Officer

Name
Tammy Robbs
Title
Trustee
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn J Grzelkowski
Formed
2009
Legal Domicile
Va
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Frye & Company CPAs
Address
9161 Liberia Ave Ste 304, Manassas, VA 20110
Preparer
Mark R Frye CPA
Phone
7032570660
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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/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0691715
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0194183
IRS990/TotalLiabilitiesEOYAmt0275161
IRS990/TotalLiabilitiesGrp/BOYAmt0194183
IRS990/TotalLiabilitiesGrp/EOYAmt0275161
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-41834
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-56478
IRS990/TotalProgramServiceExpensesAmt0635175
IRS990/TotalProgramServiceRevenueAmt0677071
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0677071
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0677071
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0152349
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0218683
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-41834
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-56478
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02520 58TH STREET SUITE 103
IRS990/USAddress/CityNm0HAMPTON
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023661
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.versability.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TAMMY ROBBS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERSABILITY RESOURCES INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FRINGE BENEFIT PLAN
ReturnHeader/Filer/BusinessNameControlTxt0VERS
ReturnHeader/Filer/EIN0276203765
ReturnHeader/Filer/PhoneNum07578966461
ReturnHeader/Filer/USAddress/AddressLine1Txt02520 58TH STREET
ReturnHeader/Filer/USAddress/CityNm0HAMPTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023661
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Frye & Company CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09161 Liberia Ave Ste 304
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Manassas
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020110
ReturnHeader/PreparerPersonGrp/PhoneNum07032570660
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK R FRYE CPA
ReturnHeader/ReturnTs02017-02-15T19:03:10-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-09-01
ReturnHeader/TaxPeriodEndDt02016-08-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$218,683
Liabilities
$275,161
Net assets
-$56,478
Revenue
$677,071
Expenses
$691,715
Net income
-$14,644
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.84$3.27$1.43$6.49$6.77$0.28
2021Detailed filing. Detailed filing data is available for this year.$2.28$3.43$1.15$7.12$7.26$0.14
2020Detailed filing. Detailed filing data is available for this year.$1.57$2.58$1.01$6.50$6.54$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.58$2.55$0.97$6.52$6.62$0.10
2018Detailed filing. Detailed filing data is available for this year.$1.74$2.61$0.87$6.45$6.67$0.22
2017Detailed filing. Detailed filing data is available for this year.$2.00$2.64$0.65$6.02$6.11$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.19$2.75$0.56$6.77$6.92$0.15
2015Detailed filing. Detailed filing data is available for this year.$1.52$1.94$0.42$6.13$6.26$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$1.84$0.13$6.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$1.51$0.03$9.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.89$0.31$3.27