Civic Intelligence

Nysna Tuition and Continuing Education Fund

990 • Fiscal year 2020 • EIN 61-1778601

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 23, 2020

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

63rd percentile

0.06x

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

2020 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.18x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2020

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

2020 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2020

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.

2020 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2020

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

2020 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

46th percentile

-0.8%

Faster revenue growth than 46% of similar nonprofits.

2020 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$18,725,241

Up $2,317,318 (+14%) from 2019

Net Assets

Up

$17,555,497

Up $1,713,181 (+11%) from 2019

Liabilities

Up

$1,169,744

Up $604,137 (+107%) from 2019

Revenue

Down

$6,415,289

Down $53,667 (-0.8%) from 2019

Expenses

Up

$5,195,134

Up $1,661,014 (+47%) from 2019

Net Income

Down

$1,220,155

Down $1,714,681 (-58%) from 2019

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

2020

Assets$18,725,241
Liabilities$1,169,744
Net Assets$17,555,497

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

2020

Revenue$6,415,289
Expenses$5,195,134
Net Income$1,220,155
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 23, 2020
Return Version
2019v5.1
Gross Receipts
$8,771,053
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).

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 + hospitals (collectively, employers) and the new york state nurses association (nysna).

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$15,842,316$17,555,497▲ $1,713,181
Investments in Publicly Traded Securities$11,601,104$12,264,078▲ $662,974
Cash and Non-Interest-Bearing Accounts$3,471,478$3,594,221▲ $122,743
Pledges and Grants Receivable$108,702$155,858▲ $47,156
Savings and Temporary Cash Investments$27,070$29,860▲ $2,790
Accounts Receivable$12,013$10,599▼ $1,414
Prepaid Expenses and Deferred Charges$7,190$7,419▲ $229
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$16,407,923$18,725,241▲ $2,317,318
Other Assets Total$1,180,366$2,663,206▲ $1,482,840
Liabilities
Other Liabilities$553,373$1,156,159▲ $602,786
Accounts Payable and Accrued Expenses$12,234$13,585▲ $1,351
Total Liabilities$565,607$1,169,744▲ $604,137
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,842,316$17,555,497▲ $1,713,181
Total Liabilities and Net Assets / Fund Balance$16,407,923$18,725,241▲ $2,317,318

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,663,206--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$213,796
Program Service Revenue
$5,992,214
Investment Income
$209,279
Other Revenue
$0
Change in Net Assets
$1,220,155

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,415,289
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$493,026
Total Revenue per Audited Statements
$6,908,315
Total Revenue per Form 990
$6,415,289
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$204,893
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---$4,990,241
Fees for Services Management---$113,649
Fees for Service Investment Mgmnt Fees---$37,555
Fees for Services Legal---$25,000
Fees for Services Accounting---$19,825
Insurance---$8,864
Total Functional Expenses$0$0$0$5,195,134

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,195,134
Total Expenses per Audited Statements$5,195,134
Total Expenses per Form 990$5,195,134
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$1,156,159
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 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
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 and review the disclosure on an annual basis.

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
2020-11-23
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
Mark Gorczyca
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 Appendix353 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/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 AND REVIEW THE DISCLOSURE ON AN ANNUAL BASIS.
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:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW YORK STATE NURSES ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0140923749
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ADVANCEMENT OF THE NURSING PROFESSION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0131 WEST 33RD STREET 4TH FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010001
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt090000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ALLOCATED COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEW YORK STATE NURSES ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt016407923
IRS990/TotalAssetsEOYAmt018725241
IRS990/TotalAssetsGrp/BOYAmt016407923
IRS990/TotalAssetsGrp/EOYAmt018725241
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0213796
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt05195134
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0565607
IRS990/TotalLiabilitiesEOYAmt01169744
IRS990/TotalLiabilitiesGrp/BOYAmt0565607
IRS990/TotalLiabilitiesGrp/EOYAmt01169744
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015842316
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017555497
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt05992214
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0209279
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05992214
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06415289
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016407923
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt018725241
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0131 WEST 33RD STREET 4TH FLOOR
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010001
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.NYSNA.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN BARRETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PLAN ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05187829400
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NYSNA TUITION AND CONTINUING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EDUCATION FUND
ReturnHeader/Filer/BusinessNameControlTxt0NYSN
ReturnHeader/Filer/EIN0611778601
ReturnHeader/Filer/PhoneNum05187829400
ReturnHeader/Filer/USAddress/AddressLine1Txt0131 WEST 33RD STREET 4TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010001
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141442607
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/PreparationDt02020-11-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK GORCZYCA
ReturnHeader/ReturnTs02021-01-13T11:18:49-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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