Civic Intelligence

Iatse Local 857 Welfare Fund

EIN 30-0042023 • 501(c)9 • Los Angeles, CA

Profile

The fund provides eligible members and their dependents with medical and other health benefits.

1200 Wilshire Blvd Fifth FloorLos Angeles, CA 90017

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2017

Liabilities / Revenue

76th percentile

0.00x

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

501(c)9 • <$500k nonprofits • Source year 2017

Net Margin

8th percentile

-28314%

Higher net margin than 8% of similar nonprofits.

501(c)9 • <$500k nonprofits • Source year 2017

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

501(c)9 • <$500k nonprofits • Source year 2017

Asset Growth

40th percentile

-100%

Faster asset growth than 40% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

14th percentile

-100%

Faster revenue growth than 14% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$0

Down $683,926 (-100%) from 2016

Liabilities

Down

$0

Down $431,117 (-100%) from 2016

Net Assets

Down

$0

Down $252,809 (-100%) from 2016

Revenue

Down

$967

Down $953,688 (-100%) from 2016

Expenses

Down

$274,766

Down $642,422 (-70%) from 2016

Net Income

Down

-$273,799

Down $311,266 (-831%) from 2016

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,158,137Liabilities 2010: $361,870Net Assets 2010: $796,2672010Assets 2011: $1,152,043Liabilities 2011: $372,342Net Assets 2011: $779,7012011Assets 2012: $1,078,174Liabilities 2012: $379,317Net Assets 2012: $698,8572012Assets 2013: $983,983Liabilities 2013: $397,660Net Assets 2013: $586,3232013Assets 2014: $794,196Liabilities 2014: $420,927Net Assets 2014: $373,2692014Assets 2015: $593,245Liabilities 2015: $364,894Net Assets 2015: $228,3512015Assets 2016: $683,926Liabilities 2016: $431,117Net Assets 2016: $252,8092016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,013,9532010Expenses 2011: $1,058,5292011Expenses 2012: $1,103,1622012Expenses 2013: $1,166,4732013Revenue 2014: $1,025,336Expenses 2014: $1,255,317Net Income 2014: -$229,9812014Revenue 2015: $1,025,845Expenses 2015: $1,098,532Net Income 2015: -$72,6872015Revenue 2016: $954,655Expenses 2016: $917,188Net Income 2016: $37,4672016Revenue 2017: $967Expenses 2017: $274,766Net Income 2017: -$273,7992017

Highlighted filing

2017

Revenue$967
Expenses$274,766
Net Income-$273,799

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 6, 2018
Return Version
2016v3.0
Gross Receipts
$484,146
Mission and Program Overview

Mission

The fund provides eligible members and their dependents with medical and other health benefits.

To provide health and welfare benefits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$464,031$0▼ $464,031
Rtn Earn Endowment Incm Other Fnds$252,809$0▼ $252,809
Savings and Temporary Cash Investments$131,747$0▼ $131,747
Accounts Receivable$81,753$0▼ $81,753
Cash and Non-Interest-Bearing Accounts$4,291$0▼ $4,291
Prepaid Expenses and Deferred Charges$2,104$0▼ $2,104
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-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$683,926$0▼ $683,926
Other Assets Total-$0-
Liabilities
Other Liabilities$352,046$0▼ $352,046
Accounts Payable and Accrued Expenses$79,071--
Total Liabilities$431,117$0▼ $431,117
Net Assets / Fund Balance
Total Net Assets Fund Balance$252,809$0▼ $252,809
Total Liabilities and Net Assets / Fund Balance$683,926$0▼ $683,926
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeff LoebTrustee
Jody HorwitzTrustee
Kishisa RossTrustee
Michael DemartiniTrustee
Sergio MedinaTrustee
Tom SheppardTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,340
Investment Income
$-11,373
Other Revenue
$0
Change in Net Assets
$-273,799

Audited Revenue Reconciliation

Revenue per Audited Statements
$155
Revenue Not Reported on Financial Statements
$812
Revenue Not Reported on Form 990
$20,990
Total Revenue per Audited Statements
$21,145
Total Revenue per Form 990
$967
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,948
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$124,818--$124,818
Other Expenses$38,773--$38,773
Insurance$11,609--$11,609
Fees for Services Legal-$5,238-$5,238
Fees for Services Accounting-$4,515-$4,515
Office Expenses$1,411--$1,411
Fees for Service Investment Mgmnt Fees$812--$812
Conferences and Meetings$480--$480
Total Functional Expenses$265,013$9,753$0$274,766

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$626,000
Total Expenses per Audited Statements$626,000
Total Expenses per Form 990$274,766
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-351,234
Other Expense Adjustments$-352,046
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organizations management duties, include accounting functions and payments of medical benefits to various providers are through benefit program administration.

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

The form 990 was provided to management for review prior to filing.

Form 990, Part VI, Section C, Line 19

The form 990 is available for review at the administrators office by appointment only.

Filing and Contact Details

Filer

Filer Name
Iatse Local 857 Welfare Fund
EIN
30-0042023
Phone
5624635000
Address
1200 WILSHIRE BLVD FIFTH FLOOR, LOS ANGELES, CA 90017

Signing Officer

Name
Sergio Medina
Title
Trustee
Phone
5624635015
Signed
2018-04-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sergio Medina
Formed
1958
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Bernard Kotkin and Company Llp
Address
533 SOUTH FREMONT AVENUE, LOS ANGELES, CA 90071
Preparer
Bernard Kotkin Company Llp
Phone
2138929090
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The board of trustees has responsibility for oversight of the audit and the selection of independent accountants.

Financial Statement Notes

PART X, LINE 2:

The plan is exempt from income tax under section 501(c)(9) of the internal revenue code and section 23701(i) of the revenue and taxation code of the state of california. The plan has been amended since receiving the determination letter. Plan management and plan's counsel believe that the plan is currently being operated in compliance with the applicable requirements of the irc and therefore, believes that the related trust is tax-exempt. Accounting principles generally accepted in the united states of america require plan administrator to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if it has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service or franchise tax board. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The trust administrator believes it is no longer subject to income tax examinations for years prior to 2013.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Change in benefit liability -352,046.

Raw XML AppendixShowing 400 of 412 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/SupplementalInformationDetail/ExplanationTxt0THE PLAN IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE AND SECTION 23701(I) OF THE REVENUE AND TAXATION CODE OF THE STATE OF CALIFORNIA. THE PLAN HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER. PLAN MANAGEMENT AND PLAN'S COUNSEL BELIEVE THAT THE PLAN IS CURRENTLY BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN ADMINISTRATOR TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR FRANCHISE TAX BOARD. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE TRUST ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN BENEFIT LIABILITY -352,046.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02017-03-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt055003
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0135 ELIGIBLE PARTICIPANTS AS DETERM
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt01200 WILSHIRE BLVD FIFTH FLOOR
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0LOS ANGELES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd090071
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATIONS MANAGEMENT DUTIES, INCLUDE ACCOUNTING FUNCTIONS AND PAYMENTS OF MEDICAL BENEFITS TO VARIOUS PROVIDERS ARE THROUGH BENEFIT PROGRAM ADMINISTRATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS PROVIDED TO MANAGEMENT FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS AVAILABLE FOR REVIEW AT THE ADMINISTRATORS OFFICE BY APPOINTMENT ONLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF INDEPENDENT ACCOUNTANTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd30
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0NEDERLANDER OF CALIFORNIA INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1GIBSON AMPHITHEATRE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2JOHN ANSON FORD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3KODAK THEATRE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IATSE LOCAL 857
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1THE LOS ANGELES OPERA COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2GEFFEN PLAYHOUSE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3LOS ANGELES MASTER CORALE ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4CENTER THEATER GROUP OF LOS ANGELES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5LOS ANGELES PHILHARMONIC ASSOCIATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501 C
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
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IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt0683926
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0683926
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09753
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0265013
IRS990/TotalFunctionalExpensesGrp/TotalAmt0274766
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0431117
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0431117
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0252809
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0265013
IRS990/TotalProgramServiceRevenueAmt012340
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0967
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0967
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0683926
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt013191 CROSSROADS PKWY N SUITE 205
IRS990/USAddress/CityNm0CITY OF INDUSTRY
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091746
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SERGIO MEDINA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum05624635015
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IATSE LOCAL 857 WELFARE FUND
ReturnHeader/Filer/BusinessNameControlTxt0IATS
ReturnHeader/Filer/EIN0300042023
ReturnHeader/Filer/PhoneNum05624635000
ReturnHeader/Filer/USAddress/AddressLine1Txt01200 WILSHIRE BLVD FIFTH FLOOR
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090017
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E2AEB47818484AD9582C25C95DC2E9EE8C0CE0C8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E2AEB47818484AD9582C25C95DC2E9EE8C0CE0C8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.180.88.97
ReturnHeader/FilingSecurityInformation/IPDt02018-04-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm011:53:07
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952556670

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