Civic Intelligence

Teamsters Local 237 Administrative Fund

990 • Fiscal year 2017 • EIN 47-6794596

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 27, 2018

Organization ProfileN/A
216 W 14th StreetNew York, NY 10011

(212) 924-2000

Siviq Scores

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

Liabilities / Assets

95th percentile

1.00x

Higher debt load relative to assets than 95% of similar nonprofits.

2017 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

0.51x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2017

Net Margin

22nd percentile

0.0%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2017 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2017

Asset Growth

99th percentile

84%

Faster asset growth than 99% of similar nonprofits.

2017 filings • 501(c)5 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

90%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • 501(c)5 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$14,199,864

Up $6,498,713 (+84%) from 2016

Net Assets

Flat

$0

Flat from 2016

Liabilities

Up

$14,199,864

Up $6,498,713 (+84%) from 2016

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin22nd percentile

Revenue

Up

$28,094,985

Up $13,289,586 (+90%) from 2016

Expenses

Up

$28,094,985

Up $13,289,586 (+90%) from 2016

Net Income

Flat

$0

Flat from 2016

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$30M$20M$10M$0Assets 2016: $7,701,151Liabilities 2016: $7,701,151Net Assets 2016: $02016Assets 2017: $14,199,864Liabilities 2017: $14,199,864Net Assets 2017: $02017Assets 2018: $13,089,986Liabilities 2018: $13,089,986Net Assets 2018: $02018Assets 2019: $17,545,298Liabilities 2019: $17,545,298Net Assets 2019: $02019Assets 2020: $11,478,867Liabilities 2020: $11,478,867Net Assets 2020: $02020Assets 2021: $20,889,322Liabilities 2021: $20,889,322Net Assets 2021: $02021Assets 2022: $9,691,620Liabilities 2022: $9,691,620Net Assets 2022: $02022Assets 2023: $10,579,720Liabilities 2023: $10,579,720Net Assets 2023: $02023Assets 2024: $13,223,345Liabilities 2024: $13,223,345Net Assets 2024: $02024

Highlighted filing

2017

Assets$14,199,864
Liabilities$14,199,864
Net Assets$0
Open 2017 Filing

Operations Trend

Revenue Growth97th percentile

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

$80M$60M$40M$20M$0Revenue 2016: $14,805,399Expenses 2016: $14,805,399Net Income 2016: $02016Revenue 2017: $28,094,985Expenses 2017: $28,094,985Net Income 2017: $02017Revenue 2018: $55,303,769Expenses 2018: $55,303,769Net Income 2018: $02018Revenue 2019: $68,642,759Expenses 2019: $68,642,759Net Income 2019: $02019Revenue 2020: $52,578,531Expenses 2020: $52,578,531Net Income 2020: $02020Revenue 2021: $64,678,061Expenses 2021: $64,678,061Net Income 2021: $02021Revenue 2022: $59,903,795Expenses 2022: $59,903,795Net Income 2022: $02022Revenue 2023: $55,005,164Expenses 2023: $55,005,164Net Income 2023: $02023Revenue 2024: $57,281,970Expenses 2024: $57,281,970Net Income 2024: $02024

Highlighted filing

2017

Revenue$28,094,985
Expenses$28,094,985
Net Income$0
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 27, 2018
Return Version
2017v2.3
Gross Receipts
$28,094,985
Mission and Program Overview

Mission

Teamsters local 237 administrative fund (the fund), pursuant to a cba entered into between the city and the union, receives certain nyc agency employer contributions on behalf of the teamsters local 237 welfare and retirees' benefit funds. The trustees are responsible for allocating the amounts received at their discretion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$4,330,866$7,864,240▲ $3,533,374
Cash and Non-Interest-Bearing Accounts$3,370,285$6,335,624▲ $2,965,339
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$7,701,151$14,199,864▲ $6,498,713
Liabilities
Other Liabilities$7,686,151$14,184,864▲ $6,498,713
Accounts Payable and Accrued Expenses$15,000$15,000→ $0
Total Liabilities$7,701,151$14,199,864▲ $6,498,713
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$7,701,151$14,199,864▲ $6,498,713
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Gregory FloydTrustee
Richard HendershotTrustee
Ruben TorresTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$28,001,242
Investment Income
$0
Other Revenue
$93,743
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,001,242
Revenue Not Reported on Financial Statements
$93,743
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$93,743
Total Revenue per Audited Statements
$28,001,242
Total Revenue per Form 990
$28,094,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$28,073,565
Salaries, Compensation, and Employee Benefits$21,420
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates---$28,001,242
Fees for Services Other---$36,012
Fees for Services Legal---$20,600
Fees for Services Accounting---$15,000
Other Salaries and Wages---$14,764
Pension Plan Contributions---$3,174
Other Employee Benefits---$2,400
Payroll Taxes---$1,082
Insurance---$711
Total Functional Expenses$0$0$0$28,094,985

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$28,094,985
Expenses per Audited Statements$28,001,242
Total Expenses per Audited Statements$28,001,242
Expenses Not Reported on Financial Statements$93,743
Other Expense Adjustments$93,743
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 Local 237 Welfare Fund$10,427,992
DUE TO LOCAL 237 RETIREES' BENEFIT FUND$3,756,872
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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 fund has no committees with authority to act on behalf of the board of trustees.”

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

“The fund's 990 is prepared by its outside auditor and is submitted and reviewed with the controller. The controller then reviews the tax return with the chairperson of the board of trustees. A copy of the 990 is provided to the board of trustees prior to filing.”

Form 990, Part VI, Section B, Line 15

“Officers and staff salaries are set by department directors and approved by the board of trustees appointed by the union. Increases are equivalent to union salary increases pursuant to the collective bargaining contract in force.”

Form 990, Part VI, Section C, Line 19

“The documents are made available upon request and can be examined at the fund office.”

Filing and Contact Details

Filer

Filer Name
Teamsters Local 237 Administrative Fund
EIN
47-6794596
Phone
2129242000
Address
216 W 14TH STREET, NEW YORK, NY 10011

Signing Officer

Name
Gregory Floyd
Title
Trustee
Phone
2129242000
Signed
2018-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Floyd
Formed
2015
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Novak Francella LLC
Address
ONE PRESIDENTIAL BLVD SUITE 330, BALA CYNWYD, PA 19004
Preparer
Louis Verzella CPA
Phone
6106689400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“DATA PROCESSING 36,012.”

FORM 990, PART XII, LINE 2C:

“The board of trustees assumes responsibility for oversight of the audit and the selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“Teamsters local 237 administrative fund (the fund), pursuant to a cba entered into between the city and the union, receives certain nyc agency employer contributions on behalf of the teamsters local 237 welfare and retirees' benefit funds. The trustees are responsible for allocating the amounts received at their discretion. The fund is exempt from federal income taxes under section 501(c)(5) of the internal revenue code and is, therefore, not subject to the tax under present income tax laws. Management is required to evaluate tax positions taken by the find and recognize a tax liability if the fund has taken an uncertain position that more likely than not would not be sustained upon examination by the u.s. Federal, state, or local taxing authorities. The fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Typically, tax years will remain open for three years; however, this may differ depending upon the circumstances of the fund.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Expense reimbursements 93,743.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Expense reimbursements 93,743.”

Raw XML Appendix298 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/ActivityOrMissionDesc0TEAMSTERS LOCAL 237 ADMINISTRATIVE FUND (THE FUND), PURSUANT TO A CBA ENTERED INTO BETWEEN THE CITY AND THE UNION, RECEIVES CERTAIN NYC AGENCY EMPLOYER CONTRIBUTIONS ON BEHALF OF THE TEAMSTERS LOCAL 237 WELFARE AND RETIREES' BENEFIT FUNDS. THE TRUSTEES ARE RESPONSIBLE FOR ALLOCATING THE AMOUNTS RECEIVED AT THEIR DISCRETION.
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IRS990/MissionDesc0TEAMSTERS LOCAL 237 ADMINISTRATIVE FUND (THE FUND), PURSUANT TO A CBA ENTERED INTO BETWEEN THE CITY AND THE UNION, RECEIVES CERTAIN NYC AGENCY EMPLOYER CONTRIBUTIONS ON BEHALF OF THE TEAMSTERS LOCAL 237 WELFARE AND RETIREES' BENEFIT FUNDS. THE TRUSTEES ARE RESPONSIBLE FOR ALLOCATING THE AMOUNTS RECEIVED AT THEIR DISCRETION.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TEAMSTERS LOCAL 237 ADMINISTRATIVE FUND (THE FUND), PURSUANT TO A CBA ENTERED INTO BETWEEN THE CITY AND THE UNION, RECEIVES CERTAIN NYC AGENCY EMPLOYER CONTRIBUTIONS ON BEHALF OF THE TEAMSTERS LOCAL 237 WELFARE AND RETIREES' BENEFIT FUNDS. THE TRUSTEES ARE RESPONSIBLE FOR ALLOCATING THE AMOUNTS RECEIVED AT THEIR DISCRETION. THE FUND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, NOT SUBJECT TO THE TAX UNDER PRESENT INCOME TAX LAWS. MANAGEMENT IS REQUIRED TO EVALUATE TAX POSITIONS TAKEN BY THE FIND AND RECOGNIZE A TAX LIABILITY IF THE FUND HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE U.S. FEDERAL, STATE, OR LOCAL TAXING AUTHORITIES. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. TYPICALLY, TAX YEARS WILL REMAIN OPEN FOR THREE YEARS; HOWEVER, THIS MAY DIFFER DEPENDING UPON THE CIRCUMSTANCES OF THE FUND.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EXPENSE REIMBURSEMENTS 93,743.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSE REIMBURSEMENTS 93,743.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FUND HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND'S 990 IS PREPARED BY ITS OUTSIDE AUDITOR AND IS SUBMITTED AND REVIEWED WITH THE CONTROLLER. THE CONTROLLER THEN REVIEWS THE TAX RETURN WITH THE CHAIRPERSON OF THE BOARD OF TRUSTEES. A COPY OF THE 990 IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS AND STAFF SALARIES ARE SET BY DEPARTMENT DIRECTORS AND APPROVED BY THE BOARD OF TRUSTEES APPOINTED BY THE UNION. INCREASES ARE EQUIVALENT TO UNION SALARY INCREASES PURSUANT TO THE COLLECTIVE BARGAINING CONTRACT IN FORCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AND CAN BE EXAMINED AT THE FUND OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DATA PROCESSING 36,012.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
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IRS990/TotalAssetsEOYAmt014199864
IRS990/TotalAssetsGrp/BOYAmt07701151
IRS990/TotalAssetsGrp/EOYAmt014199864
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt028001242
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt028094985
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt028094985
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07701151
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014199864
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0216 W 14TH STREET
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010011
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY FLOYD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum02129242000
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEAMSTERS LOCAL 237 ADMINISTRATIVE FUND
ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0476794596
ReturnHeader/Filer/PhoneNum02129242000
ReturnHeader/Filer/USAddress/AddressLine1Txt0216 W 14TH STREET
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0162.211.205.39
ReturnHeader/FilingSecurityInformation/IPDt02018-09-27
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm014:46:34
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611436956
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NOVAK FRANCELLA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE PRESIDENTIAL BLVD SUITE 330
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BALA CYNWYD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019004
ReturnHeader/PreparerPersonGrp/PhoneNum06106689400
ReturnHeader/PreparerPersonGrp/PreparationDt02018-09-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LOUIS VERZELLA CPA
ReturnHeader/ReturnTs02018-09-27T14:48:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,199,864
Liabilities
$14,199,864
Net assets
$0
Revenue
$28,094,985
Expenses
$28,094,985
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$13.2$0.00$57.3$57.3$0.00
2023Detailed filing. Detailed filing data is available for this year.$10.6$10.6$0.00$55.0$55.0$0.00
2022Detailed filing. Detailed filing data is available for this year.$9.69$9.69$0.00$59.9$59.9$0.00
2021Detailed filing. Detailed filing data is available for this year.$20.9$20.9$0.00$64.7$64.7$0.00
2020Detailed filing. Detailed filing data is available for this year.$11.5$11.5$0.00$52.6$52.6$0.00
2019Detailed filing. Detailed filing data is available for this year.$17.5$17.5$0.00$68.6$68.6$0.00
2018Detailed filing. Detailed filing data is available for this year.$13.1$13.1$0.00$55.3$55.3$0.00
2017Detailed filing. Detailed filing data is available for this year.$14.2$14.2$0.00$28.1$28.1$0.00
2016Detailed filing. Detailed filing data is available for this year.$7.70$7.70$0.00$14.8$14.8$0.00