Civic Intelligence

City of Margate Employees

EIN 65-1024804 • 501(c)9 • Margate, FL

Profile

The fund reimburses retirees of the city of margate for all or part of their health insurance premiums.

5790 Margate BlvdMargate, FL 33063

n/A

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

43rd percentile

0.00x

Higher debt load relative to revenue than 43% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2025

Net Margin

7th percentile

-101%

Higher net margin than 7% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

501(c)9 • $5M-$10M nonprofits • Source year 2025

Asset Growth

45th percentile

4.2%

Faster asset growth than 45% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

2nd percentile

-69%

Faster revenue growth than 2% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$6,313,679

Up $1,016,166 (+19%) from 2023

Liabilities

Down

$2,439

Down $3,178 (-57%) from 2023

Net Assets

Up

$6,311,240

Up $1,019,344 (+19%) from 2023

Operations
Liabilities / Revenue43rd percentileNet Margin7th percentile

Revenue

Up

$708,780

Up $563,432 (+388%) from 2023

Expenses

Up

$412,274

Up $14,216 (+3.6%) from 2023

Net Income

Up

$296,506

Up $549,216 (+217%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth45th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,519,414Liabilities 2011: $0Net Assets 2011: $2,519,4142011Assets 2012: $2,415,927Liabilities 2012: $10,202Net Assets 2012: $2,405,7252012Assets 2013: $3,406,560Liabilities 2013: $0Net Assets 2013: $3,406,5602013Assets 2014: $3,710,117Liabilities 2014: $2,098Net Assets 2014: $3,708,0192014Assets 2015: $4,115,368Liabilities 2015: $4,675Net Assets 2015: $4,110,6932015Assets 2016: $4,000,745Liabilities 2016: $0Net Assets 2016: $4,000,7452016Assets 2017: $4,763,374Liabilities 2017: $0Net Assets 2017: $4,763,3742017Assets 2018: $5,253,331Liabilities 2018: $2,363Net Assets 2018: $5,250,9682018Assets 2019: $4,809,978Liabilities 2019: $46,372Net Assets 2019: $4,763,6062019Assets 2020: $4,847,579Liabilities 2020: $2,364Net Assets 2020: $4,845,2152020Assets 2021: $6,429,933Liabilities 2021: $5,574Net Assets 2021: $6,424,3592021Assets 2022: $5,637,931Liabilities 2022: $5,574Net Assets 2022: $5,632,3572022Assets 2023: $5,297,513Liabilities 2023: $5,617Net Assets 2023: $5,291,8962023Assets 2024: $6,313,679Liabilities 2024: $2,439Net Assets 2024: $6,311,2402024

Highlighted filing

2024

Assets$6,313,679
Liabilities$2,439
Net Assets$6,311,240
Open 2024 Filing

Operations Trend

Revenue Growth2nd percentile

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

$1.0M$500K$0-$500KExpenses 2011: $184,9892011Expenses 2012: $193,5982012Expenses 2013: $212,3202013Revenue 2014: $384,599Expenses 2014: $192,167Net Income 2014: $192,4322014Revenue 2015: $580,808Expenses 2015: $222,138Net Income 2015: $358,6702015Revenue 2016: $567,961Expenses 2016: $265,421Net Income 2016: $302,5402016Revenue 2017: $674,298Expenses 2017: $297,729Net Income 2017: $376,5692017Revenue 2018: $474,324Expenses 2018: $318,259Net Income 2018: $156,0652018Revenue 2019: $313,014Expenses 2019: $350,047Net Income 2019: -$37,0332019Revenue 2020: $96,193Expenses 2020: $379,407Net Income 2020: -$283,2142020Revenue 2021: $916,227Expenses 2021: $391,029Net Income 2021: $525,1982021Revenue 2022: $455,589Expenses 2022: $427,952Net Income 2022: $27,6372022Revenue 2023: $145,348Expenses 2023: $398,058Net Income 2023: -$252,7102023Revenue 2024: $708,780Expenses 2024: $412,274Net Income 2024: $296,5062024

Highlighted filing

2024

Revenue$708,780
Expenses$412,274
Net Income$296,506
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,313,679
Liabilities
$2,439
Net assets
$6,311,240
Revenue
$708,780
Expenses
$412,274
Net income
$296,506
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.31$0.00$6.31$0.71$0.41$0.30
2023Detailed filing. Detailed filing data is available for this year.$5.30$0.01$5.29$0.15$0.40$0.25
2022Detailed filing. Detailed filing data is available for this year.$5.64$0.01$5.63$0.46$0.43$0.03
2021Detailed filing. Detailed filing data is available for this year.$6.43$0.01$6.42$0.92$0.39$0.53
2020Detailed filing. Detailed filing data is available for this year.$4.85$0.00$4.85$0.10$0.38$0.28
2019Detailed filing. Detailed filing data is available for this year.$4.81$0.05$4.76$0.31$0.35$0.04
2018Detailed filing. Detailed filing data is available for this year.$5.25$0.00$5.25$0.47$0.32$0.16
2017Detailed filing. Detailed filing data is available for this year.$4.76$0.00$4.76$0.67$0.30$0.38
2016Detailed filing. Detailed filing data is available for this year.$4.00$0.00$4.00$0.57$0.27$0.30
2015Detailed filing. Detailed filing data is available for this year.$4.12$0.00$4.11$0.58$0.22$0.36
2014Detailed filing. Detailed filing data is available for this year.$3.71$0.00$3.71$0.38$0.19$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$0.00$3.41$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$0.01$2.41$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.00$2.52$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$768,208
Mission and Program Overview

Mission

The fund reimburses retirees of the city of margate for all or part of their health insurance premiums.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$5,291,896$6,311,240▲ $1,019,344
Investments in Publicly Traded Securities$5,031,027$5,900,338▲ $869,311
Savings and Temporary Cash Investments$266,486$213,194▼ $53,292
Total Assets$5,297,513$6,313,679▲ $1,016,166
Other Assets Total-$200,147-
Liabilities
Accounts Payable and Accrued Expenses$5,617$2,439▼ $3,178
Total Liabilities$5,617$2,439▼ $3,178
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,291,896$6,311,240▲ $1,019,344
Total Liabilities and Net Assets / Fund Balance$5,297,513$6,313,679▲ $1,016,166
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Jacqueline Chin-kiddChairperson
Michael JonesVice Chairpe
Alberto ArangoTrustee
Joanne SimoneTrustee
Lori HoferTrustee
Paul FrankenhauserTrustee
Ronald GangooTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$236,402
Investment Income
$467,978
Other Revenue
$4,400
Change in Net Assets
$296,506

Audited Revenue Reconciliation

Revenue per Audited Statements
$649,086
Revenue Not Reported on Financial Statements
$59,694
Revenue Not Reported on Form 990
$722,838
Total Revenue per Audited Statements
$1,371,924
Total Revenue per Form 990
$708,780
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$87,558
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---$324,716
Fees for Service Investment Mgmnt Fees---$59,694
Fees for Services Accounting---$12,975
Fees for Services Legal---$5,826
Other Expenses---$3,126
Total Functional Expenses$0$0$0$412,274

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$412,274
Expenses per Audited Statements$352,580
Total Expenses per Audited Statements$352,580
Expenses Not Reported on Financial Statements$59,694
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
No
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
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, Page 6, Part VI, Line 11B

“A representative of the trustees receives a copy of the 990 and reviews it prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“As a municipal entity, the trust is subject to florida law with regards to all parts of its operation, including conflicts of interest. The organization has an attorney on retainer that monitors the activities of the fund and advises the trustees on all such matters.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
City of Margate Employees
EIN
65-1024804
Phone
9549726454
Address
5790 MARGATE BLVD, MARGATE, FL 33063

Signing Officer

Name
Jacqueline Chin-kidd
Title
Chairperson
Phone
9549726458
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacqueline Chin-kidd
Formed
2002
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Ksdt & Co LLC
Address
9300 S DADELAND BLVD STE 600, MIAMI, FL 33156-2721
Preparer
Staci F Gralnick-parrish CPA
Phone
3056703370
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Actuary expense for investments.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The plan is exempt from federal income taxes under internal revenue code (irc) 501(c)(9) and, therefore, no provision for federal income taxes has been made. In addition, the plan is required to operate in conformity with the irc to maintain the tax-exempt status. The trustees believe that the plan is being operated in compliance with the applicable requirements of the irc and, therefore, believe that the plan is tax-exempt. Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if it has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management believes no such positions have been taken. The plan may be subject to routine examinations by taxing jurisdictions; however, there are currently no examinations for any tax periods in progress. The board of trustees believes the plan is no longer subject to income tax examination for the years ending prior to may 31, 2021.”

Raw XML Appendix294 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05617
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02439
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE FUND REIMBURSES RETIREES OF THE CITY OF MARGATE FOR ALL OR PART OF THEIR HEALTH INSURANCE PREMIUMS.
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt0324716
IRS990/BooksInCareOfDetail/PersonNm0JACQUELINE CHIN-KIDD
IRS990/BooksInCareOfDetail/PhoneNum09549726454
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05790 MARGATE BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0MARGATE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd033063
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0324716
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0467978
IRS990/CYOtherExpensesAmt087558
IRS990/CYOtherRevenueAmt04400
IRS990/CYProgramServiceRevenueAmt0236402
IRS990/CYRevenuesLessExpensesAmt0296506
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0412274
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0708780
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE FUND REIMBURSES RETIREES OF THE CITY OF MARGATE FOR ALL OR PART OF THEIR HEALTH INSURANCE PREMIUMS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt012975
IRS990/FeesForServicesLegalGrp/TotalAmt05826
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt059694
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0JACQUELINE CHIN-KIDD
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL JONES
IRS990/Form990PartVIISectionAGrp/PersonNm2JOANNE SIMONE
IRS990/Form990PartVIISectionAGrp/PersonNm3PAUL FRANKENHAUSER
IRS990/Form990PartVIISectionAGrp/PersonNm4RONALD GANGOO
IRS990/Form990PartVIISectionAGrp/PersonNm5ALBERTO ARANGO
IRS990/Form990PartVIISectionAGrp/PersonNm6LORI HOFER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRPE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0326121
IRS990/GainOrLossGrp/SecuritiesAmt021999
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0326121
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt081427
IRS990/GrossReceiptsAmt0768208
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0119858
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0119858
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05031027
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05900338
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt059428
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE FUND REIMBURSES RETIREES OF THE CITY OF MARGATE FOR ALL OR PART OF THEIR HEALTH INSURANCE PREMIUMS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05291896
IRS990/NetAssetsOrFundBalancesEOYAmt06311240
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0348120
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0348120
IRS990/NetUnrlzdGainsLossesInvstAmt0722838
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0200147
IRS990/OtherExpensesGrp/Desc0ACTUARY FEES
IRS990/OtherExpensesGrp/Desc1TAXES
IRS990/OtherExpensesGrp/TotalAmt05937
IRS990/OtherExpensesGrp/TotalAmt13126
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04400
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04400
IRS990/OtherRevenueTotalAmt04400
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JACQUELINE CHIN-KIDD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0999999
IRS990/ProgramServiceRevenueGrp/Desc0CITY CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0236402
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0236402
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ACTUARY EXPENSE FOR INVESTMENTS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0307234
IRS990/PYInvestmentIncomeAmt095778
IRS990/PYOtherExpensesAmt090824
IRS990/PYOtherRevenueAmt03293
IRS990/PYProgramServiceRevenueAmt046277
IRS990/PYRevenuesLessExpensesAmt0-252710
IRS990/PYTotalExpensesAmt0398058
IRS990/PYTotalRevenueAmt0145348
IRS990/ReconcilationRevenueExpnssAmt0296506
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05291896
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06311240
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0266486
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0213194
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt059694
IRS990ScheduleD/ExpensesSubtotalAmt0352580
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt059694
IRS990ScheduleD/InvestmentExpensesNotIncldAmt059694
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0722838
IRS990ScheduleD/RevenueNotReportedAmt0722838
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt059694
IRS990ScheduleD/RevenueSubtotalAmt0649086
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PLAN IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) 501(C)(9) AND, THEREFORE, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE. IN ADDITION, THE PLAN IS REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS. THE TRUSTEES BELIEVE THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVE THAT THE PLAN IS TAX-EXEMPT. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT BELIEVES NO SUCH POSITIONS HAVE BEEN TAKEN. THE PLAN MAY BE SUBJECT TO ROUTINE EXAMINATIONS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO EXAMINATIONS FOR ANY TAX PERIODS IN PROGRESS. THE BOARD OF TRUSTEES BELIEVES THE PLAN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR THE YEARS ENDING PRIOR TO MAY 31, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalExpensesPerForm990Amt0412274
IRS990ScheduleD/TotalRevenuePerForm990Amt0708780
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01371924
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0352580
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTUARY EXPENSE FOR INVESTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A REPRESENTATIVE OF THE TRUSTEES RECEIVES A COPY OF THE 990 AND REVIEWS IT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS A MUNICIPAL ENTITY, THE TRUST IS SUBJECT TO FLORIDA LAW WITH REGARDS TO ALL PARTS OF ITS OPERATION, INCLUDING CONFLICTS OF INTEREST. THE ORGANIZATION HAS AN ATTORNEY ON RETAINER THAT MONITORS THE ACTIVITIES OF THE FUND AND ADVISES THE TRUSTEES ON ALL SUCH MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05297513
IRS990/TotalAssetsEOYAmt06313679
IRS990/TotalAssetsGrp/BOYAmt05297513
IRS990/TotalAssetsGrp/EOYAmt06313679
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0412274
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05617
IRS990/TotalLiabilitiesEOYAmt02439
IRS990/TotalLiabilitiesGrp/BOYAmt05617
IRS990/TotalLiabilitiesGrp/EOYAmt02439
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05291896
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06311240
IRS990/TotalProgramServiceRevenueAmt0236402
IRS990/TotalRevenueGrp/ExclusionAmt0119858
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0588922
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0708780
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05297513
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06313679
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05790 MARGATE BLVD
IRS990/USAddress/CityNm0MARGATE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033063
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JACQUELINE CHIN-KIDD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum09549726458
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CITY OF MARGATE EMPLOYEES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0BENEFIT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0CITY
ReturnHeader/Filer/EIN0651024804
ReturnHeader/Filer/PhoneNum09549726454
ReturnHeader/Filer/USAddress/AddressLine1Txt05790 MARGATE BLVD
ReturnHeader/Filer/USAddress/CityNm0MARGATE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033063
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260547877
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KSDT & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09300 S DADELAND BLVD STE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIAMI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0331562721
ReturnHeader/PreparerPersonGrp/PhoneNum03056703370
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STACI F GRALNICK-PARRISH CPA
ReturnHeader/ReturnTs02025-04-30T14:51:28-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-06-01
ReturnHeader/TaxPeriodEndDt02024-05-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.