Civic Intelligence

Former Player Benefits Trust

990 • Fiscal year 2015 • EIN 46-3459332

Mar 01, 2014 to Feb 28, 2015 • Filed on Jan 12, 2016

1133 20th Street NWWashington, DC 20036

(866) 725-0063

Siviq Scores

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

Liabilities / Assets

57th percentile

0.08x

Higher debt load relative to assets than 57% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

73rd percentile

0.15x

Higher debt load relative to revenue than 73% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Net Margin

18th percentile

-9.1%

Higher net margin than 18% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

89th percentile

$257,528

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Asset Growth

53rd percentile

2.0%

Faster asset growth than 53% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-54%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$22,750,384

Up $454,175 (+2.0%) from 2014

Net Assets

Down

$21,006,645

Down $1,062,459 (-4.8%) from 2014

Liabilities

Up

$1,743,739

Up $1,516,634 (+668%) from 2014

Revenue

Down

$11,625,040

Down $13,561,429 (-54%) from 2014

Expenses

Up

$12,687,499

Up $9,570,134 (+307%) from 2014

Net Income

Down

-$1,062,459

Down $23,131,563 (-105%) from 2014

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2014: $22,296,209Liabilities 2014: $227,105Net Assets 2014: $22,069,1042014Assets 2015: $22,750,384Liabilities 2015: $1,743,739Net Assets 2015: $21,006,6452015Assets 2016: $22,865,367Liabilities 2016: $1,858,722Net Assets 2016: $21,006,6452016Assets 2017: $17,539,385Liabilities 2017: $895,710Net Assets 2017: $16,643,6752017Assets 2018: $18,303,855Liabilities 2018: $3,247,545Net Assets 2018: $15,056,3102018Assets 2019: $22,912,088Liabilities 2019: $743,122Net Assets 2019: $22,168,9662019Assets 2020: $24,626,263Liabilities 2020: $988,793Net Assets 2020: $23,637,4702020Assets 2021: $27,271,707Liabilities 2021: $42,634Net Assets 2021: $27,229,0732021Assets 2022: $30,151,971Liabilities 2022: $7,383Net Assets 2022: $30,144,5882022Assets 2023: $34,016,274Liabilities 2023: $211,071Net Assets 2023: $33,805,2032023Assets 2025: $41,101,443Liabilities 2025: $2,332,732Net Assets 2025: $38,768,7112025

Highlighted filing

2015

Assets$22,750,384
Liabilities$1,743,739
Net Assets$21,006,645

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2014: $25,186,469Expenses 2014: $3,117,365Net Income 2014: $22,069,1042014Revenue 2015: $11,625,040Expenses 2015: $12,687,499Net Income 2015: -$1,062,4592015Revenue 2016: $18,071,360Expenses 2016: $18,071,360Net Income 2016: $02016Revenue 2017: $12,229,294Expenses 2017: $16,592,264Net Income 2017: -$4,362,9702017Revenue 2018: $12,488,591Expenses 2018: $14,075,956Net Income 2018: -$1,587,3652018Revenue 2019: $20,903,433Expenses 2019: $13,790,777Net Income 2019: $7,112,6562019Revenue 2020: $19,688,505Expenses 2020: $18,220,001Net Income 2020: $1,468,5042020Revenue 2021: $19,788,566Expenses 2021: $16,196,963Net Income 2021: $3,591,6032021Revenue 2022: $17,989,193Expenses 2022: $15,073,678Net Income 2022: $2,915,5152022Revenue 2023: $24,915,607Expenses 2023: $21,254,992Net Income 2023: $3,660,6152023Revenue 2025: $34,927,050Expenses 2025: $28,669,508Net Income 2025: $6,257,5422025

Highlighted filing

2015

Revenue$11,625,040
Expenses$12,687,499
Net Income-$1,062,459
Jump To
Filing Snapshot
Filing Period
Mar 1, 2014 to Feb 28, 2015
Signed
Jan 12, 2016
Return Version
2014v6.0
Gross Receipts
$11,625,040
Mission and Program Overview

Mission

The trust provides benefits, services and resources to eligible former nfl players.

The trust provides certain health and welfare benefits and other permissible benefits to eligible former players of the national football league.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$22,069,104$21,006,645▼ $1,062,459
Accounts Receivable$4,825,520$11,604,533▲ $6,779,013
Savings and Temporary Cash Investments$16,404,479$10,390,970▼ $6,013,509
Prepaid Expenses and Deferred Charges$887,628$490,791▼ $396,837
Land, Buildings, and Equipment, Net$154,354$242,572▲ $88,218
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$22,296,209$22,750,384▲ $454,175
Other Assets Total$24,228$21,518▼ $2,710
Liabilities
Accounts Payable and Accrued Expenses$226,411$1,687,800▲ $1,461,389
Other Liabilities$694$55,939▲ $55,245
Total Liabilities$227,105$1,743,739▲ $1,516,634
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,069,104$21,006,645▼ $1,062,459
Total Liabilities and Net Assets / Fund Balance$22,296,209$22,750,384▲ $454,175

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$137,776$28,561$166,337
Leasehold Improvements$71,313$10,188$81,501
Equipment$33,483$11,112$44,595
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bahati Van PeltExecutive DirectorFT$204,231$53,297$257,528

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Athletes' PerformanceWellness Consulting2629 ROSE GARDEN LANE, Phoenix, AZ 85050$2,113,439
Athlife INCCareer Consulting223 WALL STREET BOX 174, Huntington, NY 11743$732,500
Cleveland Clinic FdnMedical Services9500 EUCLID AVE MAIL STOP - U10, Cleveland, OH 44195$662,749
Adm Tulane Educational FundMedical Services1430 TULANE AVE SL-53, New Orleans, LA 70112$451,345
Center For The Study Of Retired AthletesMedical Services209 FETZER HALL CB8700, Chapel Hill, NC 27599$285,107
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,604,533
Investment Income
$20,507
Other Revenue
$0
Change in Net Assets
$-1,062,459

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,625,040
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,625,040
Total Revenue per Form 990
$11,625,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$987,393
Salaries, Compensation, and Employee Benefits$631,221
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$11,068,885
Fees for Services Other---$359,292
Current Officers, Directors, Trustees, and Key Employees---$217,538
Other Salaries and Wages---$202,789
Occupancy---$136,860
Fees for Services Legal---$134,127
Insurance---$116,423
Other Employee Benefits---$115,256
Pension Plan Contributions---$67,140
Office Expenses---$52,951
Travel---$50,643
Depreciation Depletion---$47,535
Information Technology---$44,752
Fees for Services Accounting---$28,904
Payroll Taxes---$28,498
Conferences and Meetings---$4,179
Other Expenses---$2,100
Advertising---$1,927
Total Functional Expenses$0$0$0$12,687,499

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,687,499
Total Expenses per Audited Statements$12,687,499
Total Expenses per Form 990$12,687,499
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
Due to Related Organizations$55,939
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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 B, Line 11

Form 990 is drafted through a collaborative effort of the fpbt's outside audit firm and in-house financial professionals.

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

The organization has specifically written conflict of interest policies with respect to employees. The officers have a responsibility to avoid any conflicts of interest under the governing documents.

Form 990, Part VI, Section B, Line 15A

Comparable data is used in determining the executive director's compensation subject to the annual approval of board of trustees. The governing documents grants the executive director the authority to hire and direct the staff as is necessary to perform the affairs of the trust and to establish their salaries and terms and conditions of employment, subject to the annual budget approved by the board of trustees. A review of comparable data is also used in determining compensation.

Form 990, Part VI, Section C, Line 19

The trust's form 990 and governing documents are available as required by law upon request.

Filing and Contact Details

Filer

Filer Name
Former Player Benefits Trust
EIN
46-3459332
Phone
8667250063
Address
1133 20TH STREET NW, WASHINGTON, DC 20036

Signing Officer

Name
Bahati Van Pelt
Title
Executive Director
Phone
8667250063
Signed
2016-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bahati Van Pelt
Formed
2013
Legal Domicile
Dc
Voting Board Members
6
Independent Board Members
6
Employees
10
Volunteers
0

Preparer

Firm
Calibre CPA Group Pllc
Address
7501 WISCONSIN AVENUE SUITE 1200, WEST, BETHESDA, MD 20814
Preparer
Joann Woodson
Phone
2023319880
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require the trust's management to evaluate tax positions taken by the trust and recognize a tax liability (or asset) if the organization has taken an uncertain tax position that more likely than not would not be sustained upon examination by the internal revenue service. The trust's management has analyzed the tax positions taken by the trust, and has concluded that as of february 28, 2015, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The trust is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The trust's management believes that the trust's income tax returns for february 28, 2015 and later remain subject to examination, based on the normal statutory periods subject to audit, notwithstanding any events or circumstances that may exist which could expand the open period.

Raw XML Appendix388 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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IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherRevenueAmt00
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IRS990/PYSalariesCompEmpBnftPaidAmt0208107
IRS990/PYTotalExpensesAmt03117365
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt025186469
IRS990/ReconcilationRevenueExpnssAmt0-1062459
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt022069104
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt021006645
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016404479
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010390970
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010188
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt081501
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0137776
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028561
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0166337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt055939
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED ORGANIZATIONS
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011625040
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE TRUST'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE TRUST AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE TRUST'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE TRUST, AND HAS CONCLUDED THAT AS OF FEBRUARY 28, 2015, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE TRUST IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE TRUST'S MANAGEMENT BELIEVES THAT THE TRUST'S INCOME TAX RETURNS FOR FEBRUARY 28, 2015 AND LATER REMAIN SUBJECT TO EXAMINATION, BASED ON THE NORMAL STATUTORY PERIODS SUBJECT TO AUDIT, NOTWITHSTANDING ANY EVENTS OR CIRCUMSTANCES THAT MAY EXIST WHICH COULD EXPAND THE OPEN PERIOD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt012687499
IRS990ScheduleD/TotalLiabilityAmt055939
IRS990ScheduleD/TotalRevenuePerForm990Amt011625040
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011625040
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012687499
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IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/FirstClassOrCharterTravelInd0X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount016000
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0557
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BAHATI VAN PELT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
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IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS DRAFTED THROUGH A COLLABORATIVE EFFORT OF THE FPBT'S OUTSIDE AUDIT FIRM AND IN-HOUSE FINANCIAL PROFESSIONALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS SPECIFICALLY WRITTEN CONFLICT OF INTEREST POLICIES WITH RESPECT TO EMPLOYEES. THE OFFICERS HAVE A RESPONSIBILITY TO AVOID ANY CONFLICTS OF INTEREST UNDER THE GOVERNING DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPARABLE DATA IS USED IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION SUBJECT TO THE ANNUAL APPROVAL OF BOARD OF TRUSTEES. THE GOVERNING DOCUMENTS GRANTS THE EXECUTIVE DIRECTOR THE AUTHORITY TO HIRE AND DIRECT THE STAFF AS IS NECESSARY TO PERFORM THE AFFAIRS OF THE TRUST AND TO ESTABLISH THEIR SALARIES AND TERMS AND CONDITIONS OF EMPLOYMENT, SUBJECT TO THE ANNUAL BUDGET APPROVED BY THE BOARD OF TRUSTEES. A REVIEW OF COMPARABLE DATA IS ALSO USED IN DETERMINING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TRUST'S FORM 990 AND GOVERNING DOCUMENTS ARE AVAILABLE AS REQUIRED BY LAW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalEmployeeCnt010
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt01743739
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt022069104
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IRS990/TotalOtherCompensationAmt036740
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IRS990/TotalRevenueGrp/ExclusionAmt020507
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IRS990/TotalVolunteersCnt00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.PLAYERSTRUST.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BAHATI VAN PELT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08667250063
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORMER PLAYER BENEFITS TRUST
ReturnHeader/Filer/BusinessNameControlTxt0FORM
ReturnHeader/Filer/EIN0463459332
ReturnHeader/Filer/PhoneNum08667250063
ReturnHeader/Filer/USAddress/AddressLine1Txt01133 20TH STREET NW
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020036
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470900880
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CALIBRE CPA GROUP PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07501 WISCONSIN AVENUE SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0WEST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020814
ReturnHeader/PreparerPersonGrp/PhoneNum02023319880
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOANN WOODSON
ReturnHeader/ReturnTs02016-01-12T08:27:52-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-03-01
ReturnHeader/TaxPeriodEndDt02015-02-28
ReturnHeader/TaxYr02014

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