Civic Intelligence

Nysna Tuition and Continuing Education Fund

990 • Fiscal year 2017 • EIN 61-1778601

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 17, 2018

131 West 33rd Street 4th FloorNew York, NY 10001

(518) 782-9400

Siviq Scores

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

Liabilities / Assets

56th percentile

0.05x

Higher debt load relative to assets than 56% of similar nonprofits.

2017 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

63rd percentile

0.08x

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

2017 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2017

Net Margin

90th percentile

47%

Higher net margin than 90% of similar nonprofits.

2017 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2017

Asset Growth

87th percentile

27%

Faster asset growth than 87% of similar nonprofits.

2017 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-31%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$10,657,362

Up $2,235,823 (+27%) from 2016

Net Assets

Up

$10,177,649

Up $2,723,029 (+37%) from 2016

Liabilities

Down

$479,713

Down $487,206 (-50%) from 2016

Revenue

Down

$5,819,617

Down $2,659,879 (-31%) from 2016

Expenses

Up

$3,096,588

Up $2,071,712 (+202%) from 2016

Net Income

Down

$2,723,029

Down $4,731,591 (-63%) 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$0Assets 2016: $8,421,539Liabilities 2016: $966,919Net Assets 2016: $7,454,6202016Assets 2017: $10,657,362Liabilities 2017: $479,713Net Assets 2017: $10,177,6492017Assets 2018: $13,314,408Liabilities 2018: $718,624Net Assets 2018: $12,595,7842018Assets 2019: $16,407,923Liabilities 2019: $565,607Net Assets 2019: $15,842,3162019Assets 2020: $18,725,241Liabilities 2020: $1,169,744Net Assets 2020: $17,555,4972020Assets 2021: $21,030,452Liabilities 2021: $660,165Net Assets 2021: $20,370,2872021Assets 2022: $23,360,136Liabilities 2022: $777,554Net Assets 2022: $22,582,5822022Assets 2023: $26,402,881Liabilities 2023: $586,842Net Assets 2023: $25,816,0392023Assets 2025: $31,921,552Liabilities 2025: $934,434Net Assets 2025: $30,987,1182025

Highlighted filing

2017

Assets$10,657,362
Liabilities$479,713
Net Assets$10,177,649

Operations Trend

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

$10M$5.0M$0Revenue 2016: $8,479,496Expenses 2016: $1,024,876Net Income 2016: $7,454,6202016Revenue 2017: $5,819,617Expenses 2017: $3,096,588Net Income 2017: $2,723,0292017Revenue 2018: $6,076,929Expenses 2018: $3,557,856Net Income 2018: $2,519,0732018Revenue 2019: $6,468,956Expenses 2019: $3,534,120Net Income 2019: $2,934,8362019Revenue 2020: $6,415,289Expenses 2020: $5,195,134Net Income 2020: $1,220,1552020Revenue 2021: $6,750,943Expenses 2021: $5,559,241Net Income 2021: $1,191,7022021Revenue 2022: $9,382,008Expenses 2022: $4,925,040Net Income 2022: $4,456,9682022Revenue 2023: $7,475,490Expenses 2023: $4,823,268Net Income 2023: $2,652,2222023Revenue 2025: $7,638,324Expenses 2025: $6,804,381Net Income 2025: $833,9432025

Highlighted filing

2017

Revenue$5,819,617
Expenses$3,096,588
Net Income$2,723,029
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 17, 2018
Return Version
2016v3.0
Gross Receipts
$5,819,617
Mission and Program Overview

Mission

The plan is an employee benefit trust, which provides reimbursements for qualified tuition and continuing education expenses to individuals employed within the bargaining unit covered by a collective-bargaining agreement between the city of new york and the new york city health and hospitals (collectively, employers) and the new york state nurses association (nysna).

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$7,454,620$10,177,649▲ $2,723,029
Cash and Non-Interest-Bearing Accounts$7,305,855$8,019,748▲ $713,893
Pledges and Grants Receivable-$67,030-
Prepaid Expenses and Deferred Charges$7,266$22,148▲ $14,882
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$8,421,539$10,657,362▲ $2,235,823
Other Assets Total$1,108,418$2,548,436▲ $1,440,018
Liabilities
Other Liabilities$966,919$479,713▼ $487,206
Total Liabilities$966,919$479,713▼ $487,206
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,454,620$10,177,649▲ $2,723,029
Total Liabilities and Net Assets / Fund Balance$8,421,539$10,657,362▲ $2,235,823

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,548,436--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$67,030
Program Service Revenue
$5,752,587
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$2,723,029

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,819,617
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,819,617
Total Revenue per Form 990
$5,819,617
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$161,746
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$2,934,842
Fees for Services Management---$110,000
Fees for Services Legal---$22,922
Fees for Services Accounting---$16,100
Insurance---$8,571
Office Expenses---$4,153
Total Functional Expenses$0$0$0$3,096,588

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,096,588
Total Expenses per Audited Statements$3,096,588
Total Expenses per Form 990$3,096,588
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
Accrued Benefits Payable$477,884
Accrued Administrative Expenses$1,829
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
No
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 11B

The 990 is reviewed by the board of trustees before filing.

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

Trustees are required to sign a conflict of interest disclosure annually.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Nysna Tuition and Continuing
EIN
61-1778601
Phone
5187829400
Address
131 WEST 33RD STREET 4TH FLOOR, NEW YORK, NY 10001

Signing Officer

Name
John Barrett
Title
Plan Administrator
Phone
5187829400
Signed
2018-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Barrett
Formed
2015
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Bst & Co Cpas Llp
Address
26 COMPUTER DRIVE WEST, ALBANY, NY 12205
Preparer
Dawn C Doherty
Phone
5184596700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The management of nysna (related party - see schedule r) is responsible for the oversight of the audit and selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

U.s. Gaap requires plan management to evaluate tax positions taken by the plan and recognize a tax liability or asset if an uncertain tax position was taken and it is more-likely-than-not that the tax position would not be sustained upon examination by taxing authorities. Management evaluated the plan's tax positions and concluded that the plan had taken no uncertain tax positions that require adjustment to or disclosure in the financial statements to comply with the provisions of this guidance. The plan is subject to routine audits by taxing jurisdictions, however, there are currently no audits for any periods in progress.

Raw XML Appendix342 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/ActivityOrMissionDesc0THE PLAN IS AN EMPLOYEE BENEFIT TRUST, WHICH PROVIDES REIMBURSEMENTS FOR QUALIFIED TUITION AND CONTINUING EDUCATION EXPENSES TO INDIVIDUALS EMPLOYED WITHIN THE BARGAINING UNIT COVERED BY A COLLECTIVE-BARGAINING AGREEMENT BETWEEN THE CITY OF NEW YORK AND THE NEW YORK CITY HEALTH AND HOSPITALS (COLLECTIVELY, EMPLOYERS) AND THE NEW YORK STATE NURSES ASSOCIATION (NYSNA).
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IRS990/GrantsToOrganizationsInd00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0U.S. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY OR ASSET IF AN UNCERTAIN TAX POSITION WAS TAKEN AND IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE PLAN'S TAX POSITIONS AND CONCLUDED THAT THE PLAN HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO OR DISCLOSURE IN THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE BOARD OF TRUSTEES BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRUSTEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MANAGEMENT OF NYSNA (RELATED PARTY - SEE SCHEDULE R) IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PLAN ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05187829400
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NYSNA TUITION AND CONTINUING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EDUCATION FUND
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ReturnHeader/FilingSecurityInformation/IPTm008:30:36
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BST & CO CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt026 COMPUTER DRIVE WEST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012205
ReturnHeader/PreparerPersonGrp/PhoneNum05184596700
ReturnHeader/PreparerPersonGrp/PreparationDt02018-01-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAWN C DOHERTY
ReturnHeader/ReturnTs02018-01-17T08:35:41-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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