Civic Intelligence

Sta of Baltimore-Ila Benefits Fund

EIN 52-0575721 • 501(c)9 • Baltimore, MD

Profile

To provide employee welfare benefits to eligible members.

6610 Tributary StreetBaltimore, MD 21224-6514

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.02x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.06x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Net Margin

9th percentile

-26%

Higher net margin than 9% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$208,011

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Asset Growth

26th percentile

-2.4%

Faster asset growth than 26% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-11%

Faster revenue growth than 14% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$9,586,858

Down $237,389 (-2.4%) from 2023

Liabilities

Down

$170,085

Down $154,640 (-48%) from 2023

Net Assets

Down

$9,416,773

Down $82,749 (-0.9%) from 2023

Revenue

Down

$2,847,790

Down $337,007 (-11%) from 2023

Expenses

Up

$3,585,189

Up $378,597 (+12%) from 2023

Net Income

Down

-$737,399

Down $715,604 (-3283%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $18,946,676Liabilities 2010: $458,534Net Assets 2010: $18,488,1422010Assets 2011: $16,518,973Liabilities 2011: $142,544Net Assets 2011: $16,376,4292011Assets 2012: $14,973,547Liabilities 2012: $222,682Net Assets 2012: $14,750,8652012Assets 2013: $12,892,458Liabilities 2013: $168,641Net Assets 2013: $12,723,8172013Assets 2014: $10,478,212Liabilities 2014: $100,126Net Assets 2014: $10,378,0862014Assets 2015: $8,763,644Liabilities 2015: $160,343Net Assets 2015: $8,603,3012015Assets 2016: $8,591,839Liabilities 2016: $51,333Net Assets 2016: $8,540,5062016Assets 2017: $9,086,310Liabilities 2017: $92,161Net Assets 2017: $8,994,1492017Assets 2018: $9,578,575Liabilities 2018: $23,879Net Assets 2018: $9,554,6962018Assets 2019: $10,243,632Liabilities 2019: $134,140Net Assets 2019: $10,109,4922019Assets 2020: $10,379,206Liabilities 2020: $53,222Net Assets 2020: $10,325,9842020Assets 2021: $10,129,223Liabilities 2021: $48,459Net Assets 2021: $10,080,7642021Assets 2022: $9,184,825Liabilities 2022: $83,889Net Assets 2022: $9,100,9362022Assets 2023: $9,824,247Liabilities 2023: $324,725Net Assets 2023: $9,499,5222023Assets 2024: $9,586,858Liabilities 2024: $170,085Net Assets 2024: $9,416,7732024

Highlighted filing

2024

Assets$9,586,858
Liabilities$170,085
Net Assets$9,416,773

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $4,840,7082010Expenses 2011: $3,630,3012011Expenses 2012: $3,431,8492012Expenses 2013: $3,213,9912013Revenue 2014: $1,124,948Expenses 2014: $3,713,563Net Income 2014: -$2,588,6152014Revenue 2015: $2,013,801Expenses 2015: $3,844,971Net Income 2015: -$1,831,1702015Revenue 2016: $3,520,235Expenses 2016: $3,758,383Net Income 2016: -$238,1482016Revenue 2017: $3,658,802Expenses 2017: $3,298,566Net Income 2017: $360,2362017Revenue 2018: $4,120,257Expenses 2018: $3,554,423Net Income 2018: $565,8342018Revenue 2019: $3,560,975Expenses 2019: $3,464,957Net Income 2019: $96,0182019Revenue 2020: $3,360,683Expenses 2020: $3,261,685Net Income 2020: $98,9982020Revenue 2021: $3,373,138Expenses 2021: $3,674,753Net Income 2021: -$301,6152021Revenue 2022: $3,127,853Expenses 2022: $3,318,902Net Income 2022: -$191,0492022Revenue 2023: $3,184,797Expenses 2023: $3,206,592Net Income 2023: -$21,7952023Revenue 2024: $2,847,790Expenses 2024: $3,585,189Net Income 2024: -$737,3992024

Highlighted filing

2024

Revenue$2,847,790
Expenses$3,585,189
Net Income-$737,399

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.59$0.17$9.42$2.85$3.59$0.74
2023Summary only. Only limited summary data is available for this year.$9.82$0.32$9.50$3.18$3.21$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.18$0.08$9.10$3.13$3.32$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$0.05$10.1$3.37$3.67$0.30
2020Summary only. Only limited summary data is available for this year.$10.4$0.05$10.3$3.36$3.26$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$0.13$10.1$3.56$3.46$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.58$0.02$9.55$4.12$3.55$0.57
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.09$0.09$8.99$3.66$3.30$0.36
2016Detailed filing. Detailed filing data is available for this year.$8.59$0.05$8.54$3.52$3.76$0.24
2015Detailed filing. Detailed filing data is available for this year.$8.76$0.16$8.60$2.01$3.84$1.83
2014Detailed filing. Detailed filing data is available for this year.$10.5$0.10$10.4$1.12$3.71$2.59
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$0.17$12.7$3.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$0.22$14.8$3.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$0.14$16.4$3.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.9$0.46$18.5$4.84
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jul 12, 2023
Return Version
2021v4.2
Gross Receipts
$21,309,251
Mission and Program Overview

Mission

To provide employee welfare benefits to eligible members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$10,080,764$9,100,936▼ $979,828
Investments in Publicly Traded Securities$5,225,946$4,662,812▼ $563,134
Investments Other Securities$4,288,571$3,527,839▼ $760,732
Accounts Receivable$439,176$615,656▲ $176,480
Cash and Non-Interest-Bearing Accounts$148,512$339,239▲ $190,727
Prepaid Expenses and Deferred Charges$27,018$39,279▲ $12,261
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$10,129,223$9,184,825▼ $944,398
Liabilities
Accounts Payable and Accrued Expenses$48,459$83,889▲ $35,430
Total Liabilities$48,459$83,889▲ $35,430
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,080,764$9,100,936▼ $979,828
Total Liabilities and Net Assets / Fund Balance$10,129,223$9,184,825▼ $944,398

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$3,527,839--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard Wohlfort JrCo-admininstratorPT$152,674$40,634$193,308
Earle McknightField Rep-$130,205$40,434$170,639
Lawrence JohnsonSubstance Abuse AdministraFT$130,201$40,434$170,635
Edward C BurkeField Rep-$130,166$40,434$170,600
Sherri FriezeMis ManagerPT$117,584$38,634$156,218

Highest Paid Contractors

ContractorServicesLocationCompensation
Abato Rubenstein And Abato PaLegal809 GLENEAGLES COURT SUITE 320, Baltimore, MD 21286$142,391
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,061,700
Investment Income
$42,544
Other Revenue
$23,609
Change in Net Assets
$-191,049

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,105,082
Revenue Not Reported on Financial Statements
$22,771
Revenue Not Reported on Form 990
$-788,779
Total Revenue per Audited Statements
$2,316,303
Total Revenue per Form 990
$3,127,853
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$607,874
Other Expenses$369,061
Grants and Similar Amounts Paid$53,128
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$2,288,839
Other Salaries and Wages---$415,257
Fees for Services Legal---$110,284
Fees for Services Other---$89,671
Other Employee Benefits---$89,241
Pension Plan Contributions---$70,894
Grants to Domestic Individuals---$53,128
Occupancy---$41,667
Payroll Taxes---$32,482
Fees for Services Accounting---$32,405
Fees for Service Investment Mgmnt Fees---$22,771
Insurance---$5,244
Other Expenses---$3,210
Office Expenses---$644
Conferences and Meetings---$63
Total Functional Expenses$0$0$0$3,318,902

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,318,902
Expenses per Audited Statements$3,296,131
Total Expenses per Audited Statements$3,296,131
Expenses Not Reported on Financial Statements$22,771
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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, Section B, Line 11B

Line 11a explanation - a copy of the form 990 is made available to all trustees for review prior to filing.

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

Employees and trustees are required on an annual basis to disclose any relationships that could give rise to any potential conflicts of interest. The responses are reviewed by management each year.

Form 990, Part VI, Section B, Line 15

The plan administrators and other union appointed positions are paid at rates as prescribed in certain contracts between the steamship trade association and the international longshoremen's association upon review and approval by the board of trustees.

Form 990, Part VI, Section C, Line 19

The fund makes its governing documents, conflict of interest policy, and financial statements available to any participant upon request at the fund office.

Form 990, Part VII, Compensation Explanation

The sta of baltimore - ila benefits fund pays for and is reimbursed in arrears from the sta of baltimore - ila pension plan and the sta of baltimore - ila severance and annuity plan for certain shared administrative services on a monthly basis. These services include salary and related expenses for employees of the fund office. Salary expense, including related payroll taxes, and benefits expense are allocated to the three plans using the following allocation rates: sta of baltimore - ila benefits fund 25% sta of baltimore - ila pension plan 65% sta of baltimore - ila severance and annuity plan 10%

Filing and Contact Details

Filer

Filer Name
Sta of Baltimore-ila Benefits Fund
EIN
52-0575721
Phone
4106339311
Address
6610 TRIBUTARY STREET, BALTIMORE, MD 21224-6514

Signing Officer

Name
Richard P Krueger Jr
Title
Trustee
Phone
4106339311
Signed
2023-07-12
Discuss with paid preparer
Yes

Organization Details

Formed
1949
Legal Domicile
Md
Voting Board Members
18
Independent Board Members
18
Employees
165
Volunteers
0

Preparer

Firm
Pbmares Llp
Address
500 E PRATT STREET SUITE 525, BALTIMORE, MD 21202
Preparer
Timothy a Heller CPA
Phone
4106596200
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 22

Net assets in accordance with the instructions for completeing the federal form 990, the following claims related obligations have not been reported in the form 990 for the years ended september 30, 2022 and 2021. September 30,2022 september 30, 2021 claims payable and ibnr 253,000 300,700 accumulated eligibility credit 2,739,400 2,589,100 2,992,400 2,889,800 postretirement benefit obligations 16,623,911 23,565,307 total plan benefit obligations 19,616,311 26,455,107

Financial Statement Notes

PART X, LINE 2:

The trust established under the fund to hold the fund's assets received an exemption letter from the irs dated july 3, 2008, stating that the trust is tax-exempt under the provisions of section 501(c)9 of the irc. However, as a result of the fund's funding policy, from time to time the trust may be subject to income taxes. No federal or state income taxes have been recorded during the year ending september 30, 2022 for unrelated business taxable income. The trust has been amended since receiving the exemption letter. However, the plan administrator and the fund's tax counsel believe that the trust is currently designed and being operated in compliance with the applicable requirements of the internal revenue code. Accounting principles generally accepted in the united states of america require fund management to evaluate tax positions taken by the fund and recognize a tax liability (or asset) if the fund has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML AppendixShowing 400 of 812 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt048459
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt083889
IRS990/AccountsReceivableGrp/BOYAmt0439176
IRS990/AccountsReceivableGrp/EOYAmt0615656
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE EMPLOYEE WELFARE BENEFITS TO ELIGIBLE MEMBERS.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt02288839
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RICHARD WOHLFORT
IRS990/BooksInCareOfDetail/PhoneNum04106339311
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06610 TRIBUTARY STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0BALTIMORE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0212246514
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt010080764
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt09100936
IRS990/CashNonInterestBearingGrp/BOYAmt0148512
IRS990/CashNonInterestBearingGrp/EOYAmt0339239
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt063
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0142391
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0809 GLENEAGLES COURT SUITE 320
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0BALTIMORE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd021286
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ABATO RUBENSTEIN AND ABATO PA
IRS990/ContractorCompensationGrp/ServicesDesc0LEGAL
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt02288839
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt053128
IRS990/CYInvestmentIncomeAmt042544
IRS990/CYOtherExpensesAmt0369061
IRS990/CYOtherRevenueAmt023609
IRS990/CYProgramServiceRevenueAmt03061700
IRS990/CYRevenuesLessExpensesAmt0-191049
IRS990/CYSalariesCompEmpBnftPaidAmt0607874
IRS990/CYTotalExpensesAmt03318902
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03127853
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE FUND IS A HEALTH AND WELFARE BENEFITS PLAN, WHICH PROVIDES MEDICAL AND RELATED BENEFITS TO PARTICIPANTS UNDER COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE STA OF BALTIMORE AND THE ILA.
IRS990/DescribedInSection501c3Ind00
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IRS990/DonorAdvisedFundInd00
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IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0165
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt032405
IRS990/FeesForServicesLegalGrp/TotalAmt0110284
IRS990/FeesForServicesOtherGrp/TotalAmt089671
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt022771
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IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19CO-ADMININSTRATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20FIELD REP
IRS990/Form990PartVIISectionAGrp/TitleTxt21FIELD REP
IRS990/Form990PartVIISectionAGrp/TitleTxt22SUBSTANCE ABUSE ADMINISTRA
IRS990/Form990PartVIISectionAGrp/TitleTxt23MIS MANAGER
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IRS990/FormationYr01949
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IRS990/GrantsToOrganizationsInd00
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IRS990/MoreThan5000KToIndividualsInd00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST ESTABLISHED UNDER THE FUND TO HOLD THE FUND'S ASSETS RECEIVED AN EXEMPTION LETTER FROM THE IRS DATED JULY 3, 2008, STATING THAT THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)9 OF THE IRC. HOWEVER, AS A RESULT OF THE FUND'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED DURING THE YEAR ENDING SEPTEMBER 30, 2022 FOR UNRELATED BUSINESS TAXABLE INCOME. THE TRUST HAS BEEN AMENDED SINCE RECEIVING THE EXEMPTION LETTER. HOWEVER, THE PLAN ADMINISTRATOR AND THE FUND'S TAX COUNSEL BELIEVE THAT THE TRUST IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE FUND MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FUND AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FUND HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueSecuritiesAmt03527839
IRS990ScheduleD/TotalExpensesPerForm990Amt03318902
IRS990ScheduleD/TotalRevenuePerForm990Amt03127853
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02316303

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