Civic Intelligence

Teamsters Local 237 Administrative Fund

990 • Fiscal year 2018 • EIN 47-6794596

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 27, 2019

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.

2018 filings • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

41st percentile

0.24x

Higher debt load relative to revenue than 41% of similar nonprofits.

2018 filings • $50M-$100M nonprofits • Source year 2018

Net Margin

31st percentile

0.0%

Higher net margin than 31% of similar nonprofits.

2018 filings • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

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

2018 filings • $50M-$100M nonprofits • Source year 2018

Asset Growth

10th percentile

-7.8%

Faster asset growth than 10% of similar nonprofits.

2018 filings • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

93rd percentile

97%

Faster revenue growth than 93% of similar nonprofits.

2018 filings • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$13,089,986

Down $1,109,878 (-7.8%) from 2017

Net Assets

Flat

$0

Flat from 2017

Liabilities

Down

$13,089,986

Down $1,109,878 (-7.8%) from 2017

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin31st percentile

Revenue

Up

$55,303,769

Up $27,208,784 (+97%) from 2017

Expenses

Up

$55,303,769

Up $27,208,784 (+97%) from 2017

Net Income

Flat

$0

Flat from 2017

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2018

Assets$13,089,986
Liabilities$13,089,986
Net Assets$0
Open 2018 Filing

Operations Trend

Revenue Growth93rd 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

2018

Revenue$55,303,769
Expenses$55,303,769
Net Income$0
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 27, 2019
Return Version
2018v3.1
Gross Receipts
$55,303,769
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$7,864,240$8,323,453▲ $459,213
Cash and Non-Interest-Bearing Accounts$6,335,624$4,766,533▼ $1,569,091
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$14,199,864$13,089,986▼ $1,109,878
Liabilities
Other Liabilities$14,184,864$13,074,986▼ $1,109,878
Accounts Payable and Accrued Expenses$15,000$15,000→ $0
Total Liabilities$14,199,864$13,089,986▼ $1,109,878
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$14,199,864$13,089,986▼ $1,109,878
Compensation and Service Providers
Top Officer Pay11th percentile

Board Members and Trustees

NameTitle
Gregory FloydChairman
Edmund KaneTrustee
Ruben TorresTrustee
Richard HendershotTrustee (p)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$55,230,240
Investment Income
$0
Other Revenue
$73,529
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,230,240
Revenue Not Reported on Financial Statements
$73,529
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$73,529
Total Revenue per Audited Statements
$55,230,240
Total Revenue per Form 990
$55,303,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$55,285,553
Salaries, Compensation, and Employee Benefits$18,216
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates---$55,230,240
Fees for Services Legal---$20,600
Fees for Services Other---$19,449
Fees for Services Accounting---$15,000
Other Salaries and Wages---$11,253
Pension Plan Contributions---$3,708
Other Employee Benefits---$1,694
Payroll Taxes---$1,561
Office Expenses---$264
Total Functional Expenses$0$0$0$55,303,769

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$55,303,769
Expenses per Audited Statements$55,230,240
Total Expenses per Audited Statements$55,230,240
Expenses Not Reported on Financial Statements$73,529
Other Expense Adjustments$73,529
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$8,684,362
DUE TO LOCAL 237 RETIREES' BENEFIT FUND$4,390,624
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
2019-09-27
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 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 73,529.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Expense reimbursements 73,529.”

Raw XML Appendix301 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/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE (P)
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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 73,529.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSE REIMBURSEMENTS 73,529.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
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IRS990ScheduleD/TotalRevenuePerForm990Amt055303769
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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/ExplanationTxt4THE 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 XII, LINE 2C:
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IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
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ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,089,986
Liabilities
$13,089,986
Net assets
$0
Revenue
$55,303,769
Expenses
$55,303,769
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