Civic Intelligence

Riverside Sheriffs Association Benefit Trust

990 • Fiscal year 2014 • EIN 33-6153873

Jul 01, 2013 to Jun 30, 2014 • Filed on May 14, 2015

6215 River Crest Drive92507

(951) 653-5152

Siviq Scores

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

Liabilities / Assets

70th percentile

0.18x

Higher debt load relative to assets than 70% of similar nonprofits.

2014 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

60th percentile

0.10x

Higher debt load relative to revenue than 60% of similar nonprofits.

2014 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2014

Net Margin

73rd percentile

13%

Higher net margin than 73% of similar nonprofits.

2014 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

78th percentile

$169,296

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2014 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2014

Asset Growth

92nd percentile

33%

Faster asset growth than 92% of similar nonprofits.

2014 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$22,891,772

Up $5,646,691 (+33%) from 2013

Net Assets

Up

$18,765,961

Up $5,527,666 (+42%) from 2013

Liabilities

Up

$4,125,811

Up $119,025 (+3.0%) from 2013

Revenue

$42,156,664

No earlier filing loaded for comparison.

Expenses

Up

$36,851,418

Up $2,723,825 (+8.0%) from 2013

Net Income

$5,305,246

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2012: $14,776,020Liabilities 2012: $4,252,040Net Assets 2012: $10,523,9802012Assets 2013: $17,245,081Liabilities 2013: $4,006,786Net Assets 2013: $13,238,2952013Assets 2014: $22,891,772Liabilities 2014: $4,125,811Net Assets 2014: $18,765,9612014Assets 2015: $30,699,699Liabilities 2015: $4,276,811Net Assets 2015: $26,422,8882015Assets 2016: $36,106,760Liabilities 2016: $4,276,876Net Assets 2016: $31,829,8842016Assets 2017: $43,241,437Liabilities 2017: $4,253,841Net Assets 2017: $38,987,5962017Assets 2018: $44,783,908Liabilities 2018: $4,476,137Net Assets 2018: $40,307,7712018Assets 2019: $45,487,766Liabilities 2019: $4,749,305Net Assets 2019: $40,738,4612019Assets 2020: $51,622,069Liabilities 2020: $5,167,305Net Assets 2020: $46,454,7642020Assets 2021: $63,765,634Liabilities 2021: $6,341,710Net Assets 2021: $57,423,9242021Assets 2022: $62,202,176Liabilities 2022: $5,370,804Net Assets 2022: $56,831,3722022Assets 2023: $74,521,659Liabilities 2023: $5,575,106Net Assets 2023: $68,946,5532023Assets 2024: $89,373,352Liabilities 2024: $6,088,682Net Assets 2024: $83,284,6702024

Highlighted filing

2014

Assets$22,891,772
Liabilities$4,125,811
Net Assets$18,765,961

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2012: $33,098,6882012Expenses 2013: $34,127,5932013Revenue 2014: $42,156,664Expenses 2014: $36,851,418Net Income 2014: $5,305,2462014Revenue 2015: $45,399,834Expenses 2015: $37,401,693Net Income 2015: $7,998,1412015Revenue 2016: $45,237,399Expenses 2016: $40,025,867Net Income 2016: $5,211,5322016Revenue 2017: $44,996,171Expenses 2017: $38,398,164Net Income 2017: $6,598,0072017Revenue 2018: $42,679,511Expenses 2018: $41,367,706Net Income 2018: $1,311,8052018Revenue 2019: $42,456,970Expenses 2019: $43,950,250Net Income 2019: -$1,493,2802019Revenue 2020: $46,851,552Expenses 2020: $42,077,273Net Income 2020: $4,774,2792020Revenue 2021: $54,850,501Expenses 2021: $45,708,897Net Income 2021: $9,141,6042021Revenue 2022: $52,295,172Expenses 2022: $46,509,400Net Income 2022: $5,785,7722022Revenue 2023: $59,216,720Expenses 2023: $49,339,381Net Income 2023: $9,877,3392023Revenue 2024: $63,408,492Expenses 2024: $51,616,439Net Income 2024: $11,792,0532024

Highlighted filing

2014

Revenue$42,156,664
Expenses$36,851,418
Net Income$5,305,246
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 14, 2015
Return Version
2013v4.0
Gross Receipts
$47,168,591
Mission and Program Overview

Mission

To advance the social, economic, educational and general welfare of its members and aid the advancement of law enforcement services provided within riverside county by using and investing contributions received to provide health and welfare benefits to participants and their beneficiaries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$13,238,295$18,765,961▲ $5,527,666
Investments in Publicly Traded Securities$8,485,535$10,614,796▲ $2,129,261
Savings and Temporary Cash Investments$6,813,447$8,625,009▲ $1,811,562
Accounts Receivable$1,593,400$1,777,606▲ $184,206
Cash and Non-Interest-Bearing Accounts$352,699$156,748▼ $195,951
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$17,245,081$22,891,772▲ $5,646,691
Other Assets Total-$1,717,613-
Liabilities
Other Liabilities$3,995,000$4,113,000▲ $118,000
Accounts Payable and Accrued Expenses$11,786$12,811▲ $1,025
Total Liabilities$4,006,786$4,125,811▲ $119,025
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,238,295$18,765,961▲ $5,527,666
Total Liabilities and Net Assets / Fund Balance$17,245,081$22,891,772▲ $5,646,691

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$29,834$29,834
Other Assets Org$1,717,613--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matt HughesChairman
Ed RoseVice Chair
Gabriel CarranzaAlt. Trustee
Tony PelatoAlt. Trustee
Darryl DrottExecutive Director
Michael McqueeneyTrustee
Randy WortmanTrustee
Ole WilliamsTreasurer
Chad MarlattTrust Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$41,696,723
Investment Income
$459,941
Other Revenue
$0
Change in Net Assets
$5,305,246

Audited Revenue Reconciliation

Revenue per Audited Statements
$42,156,664
Revenue Not Reported on Form 990
$222,420
Total Revenue per Audited Statements
$42,379,084
Total Revenue per Form 990
$42,156,664
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$437,273
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---$36,414,145
Fees for Service Investment Mgmnt Fees---$73,729
Fees for Services Accounting---$33,500
Office Expenses---$29,875
Fees for Services Legal---$27,026
Insurance---$15,983
Travel---$12,842
Information Technology---$5,762
Other Expenses---$51
Total Functional Expenses$0$0$0$36,851,418

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$36,851,418
Total Expenses per Audited Statements$36,851,418
Total Expenses per Form 990$36,851,418
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
Benefit Obligations$4,113,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

Form 990 was distributed to all trustees and reviewed during the board of trustee meeting before it was filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Trustees are required to notify the trust fund of any changes in their interest that could give rise to conflicts.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Members of the governing body do not receive compensation.

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

Trust's plan document and any other governing documents, conflict of interest policy and financial statements are maintained at the trust office and are available upon request. Additionally, copies of financial statements are distributed to the trustees of the plan on a regular basis.

Filing and Contact Details

Filer

EIN
33-6153873
Phone
9516535152

Signing Officer

Name
Darryl Drott
Title
Executive Director
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
1994
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Preparer
K Jeffrey De Lyser CPA
Phone
9167512900
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - FORM 990-T, SCHEDULE GSET-ASIDES: THE ORGANIZATION IS QUALIFIED UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE AND 23701I OF THE CALIFORNIA REVENUE AND TAXATION CODE AND WAS CREATED AS A RESULT OF, AND OPERATES UNDER, PROVISIONS OF COLLECTIVE BARGAINING AGREEMENTS. THE INVESTMENT EARNINGS OF THE ORGANIZATION HAVE BEEN SET ASIDE FOR THE PURPOSE DESCRIBED IN THE IRC SECTION 512(A)(3)(B)(II) AND ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 419A(F)(5)(A).THE ORGANIZATION'S INVESTMENT EARNINGS ARE NOT TAXABLE FOR CALIFORNIA INCOME TAX PURPOSES UNDER REVENUE AND TAXATION CODE SECTION 23732 AS EXEMPTED UNDER REVENUE AND TAXATION CODE SECTION 24601 AND INTERNAL REVENUE CODE SECTION 419A(F)(5)(A).

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Client Note 1 - FORM 990-T, SCHEDULE GSET-ASIDES: THE ORGANIZATION IS QUALIFIED UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE AND 23701I OF THE CALIFORNIA REVENUE AND TAXATION CODE AND WAS CREATED AS A RESULT OF, AND OPERATES UNDER, PROVISIONS OF COLLECTIVE BARGAINING AGREEMENTS. THE INVESTMENT EARNINGS OF THE ORGANIZATION HAVE BEEN SET ASIDE FOR THE PURPOSE DESCRIBED IN THE IRC SECTION 512(A)(3)(B)(II) AND ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 419A(F)(5)(A).THE ORGANIZATION'S INVESTMENT EARNINGS ARE NOT TAXABLE FOR CALIFORNIA INCOME TAX PURPOSES UNDER REVENUE AND TAXATION CODE SECTION 23732 AS EXEMPTED UNDER REVENUE AND TAXATION CODE SECTION 24601 AND INTERNAL REVENUE CODE SECTION 419A(F)(5)(A).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS DISTRIBUTED TO ALL TRUSTEES AND REVIEWED DURING THE BOARD OF TRUSTEE MEETING BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRUSTEES ARE REQUIRED TO NOTIFY THE TRUST FUND OF ANY CHANGES IN THEIR INTEREST THAT COULD GIVE RISE TO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS OF THE GOVERNING BODY DO NOT RECEIVE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRUST'S PLAN DOCUMENT AND ANY OTHER GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MAINTAINED AT THE TRUST OFFICE AND ARE AVAILABLE UPON REQUEST. ADDITIONALLY, COPIES OF FINANCIAL STATEMENTS ARE DISTRIBUTED TO THE TRUSTEES OF THE PLAN ON A REGULAR BASIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Client Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine14RIVERSIDE COUNTY PEACE OFFICER MEMORIAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine15RIVERSIDE SHERIFFS ASSN LEGAL DEFENSE
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt5LEGAL TRUST FUND
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$89.4$6.09$83.3$63.4$51.6$11.8
2023Detailed filing. Detailed filing data is available for this year.$74.5$5.58$68.9$59.2$49.3$9.88
2022Detailed filing. Detailed filing data is available for this year.$62.2$5.37$56.8$52.3$46.5$5.79
2021Detailed filing. Detailed filing data is available for this year.$63.8$6.34$57.4$54.9$45.7$9.14
2020Detailed filing. Detailed filing data is available for this year.$51.6$5.17$46.5$46.9$42.1$4.77
2019Detailed filing. Detailed filing data is available for this year.$45.5$4.75$40.7$42.5$44.0$1.49
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.8$4.48$40.3$42.7$41.4$1.31
2017Detailed filing. Detailed filing data is available for this year.$43.2$4.25$39.0$45.0$38.4$6.60
2016Detailed filing. Detailed filing data is available for this year.$36.1$4.28$31.8$45.2$40.0$5.21
2015Detailed filing. Detailed filing data is available for this year.$30.7$4.28$26.4$45.4$37.4$8.00
2014Detailed filing. Detailed filing data is available for this year.$22.9$4.13$18.8$42.2$36.9$5.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$4.01$13.2$34.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$4.25$10.5$33.1
Peer Organizations

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