Civic Intelligence

Laborers-Employers Benefit Plan Collection Trust

990 • Fiscal year 2016 • EIN 52-6681436

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 01, 2017

905 16th Street NWWashington, DC 20006

(202) 393-7344

Siviq Scores

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

Liabilities / Assets

79th percentile

0.84x

Higher debt load relative to assets than 79% of similar nonprofits.

2016 filings • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

7th percentile

0.02x

Higher debt load relative to revenue than 7% of similar nonprofits.

2016 filings • $250M-$1B nonprofits • Source year 2016

Net Margin

40th percentile

2.2%

Higher net margin than 40% of similar nonprofits.

2016 filings • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

10th percentile

$195,050

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2016 filings • $250M-$1B nonprofits • Source year 2016

Asset Growth

99th percentile

355%

Faster asset growth than 99% of similar nonprofits.

2016 filings • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

44th percentile

2.3%

Faster revenue growth than 44% of similar nonprofits.

2016 filings • $250M-$1B nonprofits • Annualized from 2015 to 2016

Assets

Flat

$8,513,830

Flat from 2016

Net Assets

Flat

$1,368,319

Flat from 2016

Liabilities

Flat

$7,145,511

Flat from 2016

Revenue

Flat

$298,402,504

Flat from 2016

Expenses

Flat

$291,761,776

Flat from 2016

Net Income

Flat

$6,640,728

Flat from 2016

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0-$10MAssets 2010: $1,144,806Liabilities 2010: $253,921Net Assets 2010: $890,8852010Assets 2011: $1,168,220Liabilities 2011: $302,795Net Assets 2011: $865,4252011Assets 2012: $1,487,633Liabilities 2012: $512,581Net Assets 2012: $975,0522012Assets 2013: $1,726,141Liabilities 2013: $516,496Net Assets 2013: $1,209,6452013Assets 2014: $3,713,353Liabilities 2014: $2,140,261Net Assets 2014: $1,573,0922014Assets 2015: $1,873,102Liabilities 2015: $307,359Net Assets 2015: $1,565,7432015Assets 2016: $8,513,830Liabilities 2016: $7,145,511Net Assets 2016: $1,368,3192016Assets 2016: $8,513,830Liabilities 2016: $7,145,511Net Assets 2016: $1,368,3192016Assets 2017: $10,169,213Liabilities 2017: $8,860,845Net Assets 2017: $1,308,3682017Assets 2018: $31,411,285Liabilities 2018: $29,758,845Net Assets 2018: $1,652,4402018Assets 2019: $5,606,246Liabilities 2019: $4,347,680Net Assets 2019: $1,258,5662019Assets 2020: $9,419,292Liabilities 2020: $8,737,539Net Assets 2020: $681,7532020Assets 2021: $5,049,783Liabilities 2021: $4,953,471Net Assets 2021: $96,3122021Assets 2022: $3,300,192Liabilities 2022: $3,438,794Net Assets 2022: -$138,6022022Assets 2023: $874,449Liabilities 2023: $811,077Net Assets 2023: $63,3722023Assets 2024: $2,068,757Liabilities 2024: $1,179,814Net Assets 2024: $888,9432024

Highlighted filing

2016

Assets$8,513,830
Liabilities$7,145,511
Net Assets$1,368,319

Operations Trend

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

$600M$400M$200M$0-$200MRevenue 2010: $139,944,403Expenses 2010: $140,208,683Net Income 2010: -$264,2802010Revenue 2011: $173,341,485Expenses 2011: $173,314,695Net Income 2011: $26,7902011Revenue 2012: $221,084,585Expenses 2012: $220,765,194Net Income 2012: $319,3912012Revenue 2013: $301,365,249Expenses 2013: $301,126,761Net Income 2013: $238,4882013Revenue 2014: $289,863,191Expenses 2014: $287,875,959Net Income 2014: $1,987,2322014Revenue 2015: $291,573,367Expenses 2015: $293,413,618Net Income 2015: -$1,840,2512015Revenue 2016: $298,402,504Expenses 2016: $291,761,776Net Income 2016: $6,640,7282016Revenue 2016: $298,402,504Expenses 2016: $291,761,776Net Income 2016: $6,640,7282016Revenue 2017: $429,559,070Expenses 2017: $427,903,687Net Income 2017: $1,655,3832017Revenue 2018: $555,678,751Expenses 2018: $534,436,679Net Income 2018: $21,242,0722018Revenue 2019: $453,829,559Expenses 2019: $479,634,598Net Income 2019: -$25,805,0392019Revenue 2020: $336,836,197Expenses 2020: $333,032,426Net Income 2020: $3,803,7712020Revenue 2021: $381,198,289Expenses 2021: $385,568,098Net Income 2021: -$4,369,8092021Revenue 2022: $316,415,067Expenses 2022: $318,156,131Net Income 2022: -$1,741,0642022Revenue 2023: $364,795,348Expenses 2023: $367,220,043Net Income 2023: -$2,424,6952023Revenue 2024: $348,498,291Expenses 2024: $347,303,983Net Income 2024: $1,194,3082024

Highlighted filing

2016

Revenue$298,402,504
Expenses$291,761,776
Net Income$6,640,728
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 1, 2017
Return Version
2016v3.0
Gross Receipts
$298,402,504
Mission and Program Overview

Mission

Central collection and distribution of fringe benefits.

To facilitate collection and disbursement of contributions and benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,099,895$7,457,896▲ $6,358,001
Cap Stk Tr Prin Current Funds$1,565,743$1,368,319▼ $197,424
Land, Buildings, and Equipment, Net$773,207$1,055,934▲ $282,727
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$1,873,102$8,513,830▲ $6,640,728
Liabilities
Other Liabilities$307,359$7,145,511▲ $6,838,152
Total Liabilities$307,359$7,145,511▲ $6,838,152
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,565,743$1,368,319▼ $197,424
Total Liabilities and Net Assets / Fund Balance$1,873,102$8,513,830▲ $6,640,728

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$973,082-$973,082
Leasehold Improvements$82,852$14,926$97,778
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tracey BarrickFund AdministratorFT$128,436$66,614$195,050

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$298,402,504
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$6,640,728

Audited Revenue Reconciliation

Revenue per Audited Statements
$298,402,504
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$298,402,504
Total Revenue per Form 990
$298,402,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$290,852,992
Salaries, Compensation, and Employee Benefits$908,784
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$290,584,678
Other Salaries and Wages---$532,395
Other Employee Benefits---$189,606
Pension Plan Contributions---$144,859
Occupancy---$139,174
Office Expenses---$68,739
Payroll Taxes---$41,924
Fees for Services Legal---$19,570
Insurance---$18,797
Depreciation Depletion---$8,393
Fees for Services Accounting---$5,150
Travel---$5,097
Conferences and Meetings---$3,394
Total Functional Expenses$0$0$0$291,761,776

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$291,761,776
Total Expenses per Audited Statements$291,761,776
Total Expenses per Form 990$291,761,776
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 Participants$7,145,511
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

There are no committees, simply a board of trustees. The board of trustees oversees operations of the organization.

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

The co-chairman reviews the 990.

Form 990, Part VI, Section C, Line 19

Documents are not available to the public.

Filing and Contact Details

Filer

Filer Name
Laborers-employers Benefit Plan
EIN
52-6681436
Phone
2023937344
Address
905 16TH STREET NW, WASHINGTON, DC 20006

Signing Officer

Name
Terrence M Healy
Title
Co-chairman
Phone
2023937344
Signed
2017-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terrence M Healy
Formed
1994
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
8
Employees
13
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

Additional Explanations

FORM 990, PART XI, LINE 9:

Excess receipts reclassified to liability -6,838,152.

Financial Statement Notes

PART X, LINE 2:

The trust is exempt from federal income tax under the provisions of section 501(c)(5) of the internal revenue code. Accounting standards provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition and derecognition of tax positions taken or expected to be taken in a tax return. The trust performed and evaluation of uncertain tax positions for the year ended december 31, 2016, and determined that there were no matters that would require recognition in the financial statements. The trust is no longer subject to federal and state tax examinations by either tax authority for years before the year ended december 31, 2013.

Raw XML Appendix356 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE. ACCOUNTING STANDARDS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TRUST PERFORMED AND EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2016, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. THE TRUST IS NO LONGER SUBJECT TO FEDERAL AND STATE TAX EXAMINATIONS BY EITHER TAX AUTHORITY FOR YEARS BEFORE THE YEAR ENDED DECEMBER 31, 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalLiabilityAmt07145511
IRS990ScheduleD/TotalRevenuePerForm990Amt0298402504
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0298402504
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0291761776
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt036341
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt030273
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TRACEY BARRICK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FUND ADMINISTRATOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0195050
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES, SIMPLY A BOARD OF TRUSTEES. THE BOARD OF TRUSTEES OVERSEES OPERATIONS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CO-CHAIRMAN REVIEWS THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXCESS RECEIPTS RECLASSIFIED TO LIABILITY -6,838,152.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01873102
IRS990/TotalAssetsEOYAmt08513830
IRS990/TotalAssetsGrp/BOYAmt01873102
IRS990/TotalAssetsGrp/EOYAmt08513830
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/TotalAmt0291761776
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0307359
IRS990/TotalLiabilitiesEOYAmt07145511
IRS990/TotalLiabilitiesGrp/BOYAmt0307359
IRS990/TotalLiabilitiesGrp/EOYAmt07145511
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01565743
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01368319
IRS990/TotalOtherCompensationAmt066614
IRS990/TotalProgramServiceRevenueAmt0298402504
IRS990/TotalReportableCompFromOrgAmt0128436
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0298402504
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0298402504
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01873102
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08513830
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt05097
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0905 16TH STREET NW
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020006
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRENCE M HEALY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02023937344
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LABORERS-EMPLOYERS BENEFIT PLAN
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COLLECTION TRUST
ReturnHeader/Filer/BusinessNameControlTxt0LABO
ReturnHeader/Filer/EIN0526681436
ReturnHeader/Filer/PhoneNum02023937344
ReturnHeader/Filer/USAddress/AddressLine1Txt0905 16TH STREET NW
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020006
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId08F72E301A453F475DDB880747CCED7D2AF7D6D45
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03B9CE5223D124B7FF5649E204527236C262C7001
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt038.100.43.98
ReturnHeader/FilingSecurityInformation/IPDt02017-11-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm016:20:32
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/ReturnTs02017-11-01T15:20:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$1.18$0.89$348$347$1.19
2023Summary only. Only limited summary data is available for this year.$0.87$0.81$0.06$365$367$2.42
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$3.44$0.14$316$318$1.74
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.05$4.95$0.10$381$386$4.37
2020Summary only. Only limited summary data is available for this year.$9.42$8.74$0.68$337$333$3.80
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.61$4.35$1.26$454$480$25.8
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.4$29.8$1.65$556$534$21.2
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$8.86$1.31$430$428$1.66
2016Detailed filing. Detailed filing data is available for this year.$8.51$7.15$1.37$298$292$6.64
2016Summary only. Only limited summary data is available for this year.$8.51$7.15$1.37$298$292$6.64
2015Detailed filing. Detailed filing data is available for this year.$1.87$0.31$1.57$292$293$1.84
2014Detailed filing. Detailed filing data is available for this year.$3.71$2.14$1.57$290$288$1.99
2013Summary only. Only limited summary data is available for this year.$1.73$0.52$1.21$301$301$0.24
2012Summary only. Only limited summary data is available for this year.$1.49$0.51$0.98$221$221$0.32
2011Summary only. Only limited summary data is available for this year.$1.17$0.30$0.87$173$173$0.03
2010Summary only. Only limited summary data is available for this year.$1.14$0.25$0.89$140$140$0.26