Civic Intelligence

Continental Grain Long Term Disability Benefit Plan C/O Northern Trust Company

990 • Fiscal year 2017 • EIN 36-3191346

Jan 01, 2017 to Dec 29, 2017 • Filed on Dec 19, 2018

767 Fifth Avenue - 15th FloorNew York, NY 10153-0028

(212) 207-5100

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

67th percentile

0.00x

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

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

Net Margin

9th percentile

-1333%

Higher net margin than 9% of similar nonprofits.

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

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

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

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

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

Revenue Growth

17th percentile

-56%

Faster revenue growth than 17% of similar nonprofits.

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

Assets

Down

$0

Down $94,137 (-100%) from 2016

Net Assets

Down

$0

Down $94,137 (-100%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$7,064

Down $9,028 (-56%) from 2016

Expenses

Up

$101,201

Up $81,964 (+426%) from 2016

Net Income

Down

-$94,137

Down $90,992 (-2893%) from 2016

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2013: $88,998Liabilities 2013: $0Net Assets 2013: $88,9982013Assets 2014: $100,975Liabilities 2014: $0Net Assets 2014: $100,9752014Assets 2015: $97,282Liabilities 2015: $0Net Assets 2015: $97,2822015Assets 2016: $94,137Liabilities 2016: $0Net Assets 2016: $94,1372016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$400K$200K$0-$200KRevenue 2013: $283,124Expenses 2013: $266,552Net Income 2013: $16,5722013Revenue 2014: $284,840Expenses 2014: $272,863Net Income 2014: $11,9772014Revenue 2015: $375,835Expenses 2015: $379,528Net Income 2015: -$3,6932015Revenue 2016: $16,092Expenses 2016: $19,237Net Income 2016: -$3,1452016Revenue 2017: $7,064Expenses 2017: $101,201Net Income 2017: -$94,1372017

Highlighted filing

2017

Revenue$7,064
Expenses$101,201
Net Income-$94,137
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 29, 2017
Signed
Dec 19, 2018
Return Version
2017v2.3
Gross Receipts
$7,064
Mission and Program Overview

Mission

Continental grain long term disability benefit plan (the "plan") provides long term disability benefits to its members.

Provides long term disability benefits to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$94,137$0▼ $94,137
Investments in Publicly Traded Securities$94,065$0▼ $94,065
Cash and Non-Interest-Bearing Accounts-$0-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$94,137$0▼ $94,137
Other Assets Total$72$0▼ $72
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$94,137$0▼ $94,137
Total Liabilities and Net Assets / Fund Balance$94,137$0▼ $94,137
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frank BaierTrustee
Joseph BongiornoTrustee
Karen WilsonTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,064
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-94,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$101,201
Total Functional Expenses$0$0$0$101,201
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
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The continental grain company long term disability plan has no such committees.

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

The continental grain company long term disability plan's form 990 is prepared by its independent accountant and provided to the vice president of compensation and benefits of continental grain to review, submit questions, changes and/or comments by a given date in order to file on a timely basis. The continential grain company long term disability plan then sends an email to its trustees with a .pdf file of the form 990 for their review and/or comments. Each issue is documented and addressed until the return is finalized and approved for filing with the irs.

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

The members of the administrative committee are all employees of continential grain company (the "corporation") and are covered under a corporate conflicts of interest policy that is in place by the corporation. Most of the senior employees of continential grain company are required to certify annually regarding conflicts of interest. The corporate conflicts of interest policy is monitored and enforced by the continential grain company's legal department and is outside the scope of responsibilities of the individuals listed in part vii.

Form 990, Part VI, Section B, Line 15

The plan is a veba trust. The trust pays benefits on behalf of participating employees. The trust's trustee, northern trust company, administers the benefits. Fees paid to the trustee are based on what is reasonable for the market. The board determines the reasonable rate based on what's charged in the industry. The administrative committee members of the continential grain company long term disability plan receive no compensation from the plan. They are all volunteers from continential grain company.

Form 990, Part VI, Section C, Line 19

The plan makes its governing documents and financial statements available to the public upon written request at the office of the organization or by calling the organization directly at (212) 207-5100.

Filing and Contact Details

Filer

Filer Name
Continental Grain Long Term Disability
EIN
36-3191346
Phone
2122075100
Address
767 FIFTH AVENUE - 15TH FLOOR, NEW YORK, NY 10153-0028

Signing Officer

Name
Joseph J Bongiorno
Title
Vice President
Phone
2122075100
Signed
2018-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph J Bongiorno
Formed
1980
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
500 MAMARONECK AVENUE, HARRISON, NY 10528-1633
Preparer
Garrett M Higgins
Phone
9143818900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C: COMMITTEE OVERSIGHT OF THE AUDITED FINANCIALS.

Oversight of the audited finanacial statements and selection of an independent accountant is provided by the sponsoring organization's administrative and investment committees as prescribed by erisa. This process has not changed from the prior year.

Raw XML Appendix324 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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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH TO PAY FUTURE CONTINENTAL GRAIN COMPANY EMPLOYEE BENEFITS.
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1CASH TO PAY FUTURE CONTINENTAL GRAIN COMPANY EMPLOYEE BENEFITS.
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1UNITEDHEALTHCARE INSURANCE COMPANY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CONTINENTAL GRAIN COMPANY LONG TERM DISABILITY PLAN HAS NO SUCH COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONTINENTAL GRAIN COMPANY LONG TERM DISABILITY PLAN'S FORM 990 IS PREPARED BY ITS INDEPENDENT ACCOUNTANT AND PROVIDED TO THE VICE PRESIDENT OF COMPENSATION AND BENEFITS OF CONTINENTAL GRAIN TO REVIEW, SUBMIT QUESTIONS, CHANGES AND/OR COMMENTS BY A GIVEN DATE IN ORDER TO FILE ON A TIMELY BASIS. THE CONTINENTIAL GRAIN COMPANY LONG TERM DISABILITY PLAN THEN SENDS AN EMAIL TO ITS TRUSTEES WITH A .PDF FILE OF THE FORM 990 FOR THEIR REVIEW AND/OR COMMENTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE ADMINISTRATIVE COMMITTEE ARE ALL EMPLOYEES OF CONTINENTIAL GRAIN COMPANY (THE "CORPORATION") AND ARE COVERED UNDER A CORPORATE CONFLICTS OF INTEREST POLICY THAT IS IN PLACE BY THE CORPORATION. MOST OF THE SENIOR EMPLOYEES OF CONTINENTIAL GRAIN COMPANY ARE REQUIRED TO CERTIFY ANNUALLY REGARDING CONFLICTS OF INTEREST. THE CORPORATE CONFLICTS OF INTEREST POLICY IS MONITORED AND ENFORCED BY THE CONTINENTIAL GRAIN COMPANY'S LEGAL DEPARTMENT AND IS OUTSIDE THE SCOPE OF RESPONSIBILITIES OF THE INDIVIDUALS LISTED IN PART VII.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PLAN IS A VEBA TRUST. THE TRUST PAYS BENEFITS ON BEHALF OF PARTICIPATING EMPLOYEES. THE TRUST'S TRUSTEE, NORTHERN TRUST COMPANY, ADMINISTERS THE BENEFITS. FEES PAID TO THE TRUSTEE ARE BASED ON WHAT IS REASONABLE FOR THE MARKET. THE BOARD DETERMINES THE REASONABLE RATE BASED ON WHAT'S CHARGED IN THE INDUSTRY. THE ADMINISTRATIVE COMMITTEE MEMBERS OF THE CONTINENTIAL GRAIN COMPANY LONG TERM DISABILITY PLAN RECEIVE NO COMPENSATION FROM THE PLAN. THEY ARE ALL VOLUNTEERS FROM CONTINENTIAL GRAIN COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PLAN MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AT THE OFFICE OF THE ORGANIZATION OR BY CALLING THE ORGANIZATION DIRECTLY AT (212) 207-5100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OVERSIGHT OF THE AUDITED FINANACIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT IS PROVIDED BY THE SPONSORING ORGANIZATION'S ADMINISTRATIVE AND INVESTMENT COMMITTEES AS PRESCRIBED BY ERISA. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C: COMMITTEE OVERSIGHT OF THE AUDITED FINANCIALS.
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IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/USAddress/ZIPCd0101530028
IRS990/VotingMembersGoverningBodyCnt03
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH J BONGIORNO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02122075100
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CONTINENTAL GRAIN LONG TERM DISABILITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0BENEFIT PLAN C/O CONTINENTAL GRAIN COMP
ReturnHeader/Filer/BusinessNameControlTxt0CONT
ReturnHeader/Filer/EIN0363191346
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ReturnHeader/Filer/USAddress/AddressLine1Txt0767 FIFTH AVENUE - 15TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd0101530028
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09616F4B14A694591D1E716C270910E6FA5556DA3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.51.112.58
ReturnHeader/FilingSecurityInformation/IPDt02018-12-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm012:43:33
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271728945
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PKF O'CONNOR DAVIES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 MAMARONECK AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HARRISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0105281633
ReturnHeader/PreparerPersonGrp/PhoneNum09143818900
ReturnHeader/PreparerPersonGrp/PreparationDt02018-12-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARRETT M HIGGINS
ReturnHeader/ReturnTs02018-12-19T12:43:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-29
ReturnHeader/TaxYr02017

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