Civic Intelligence

Global Aerospace Inc Postretirement Medical Tr

990 • Fiscal year 2018 • EIN 82-6791841

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 04, 2019

Organization ProfileWWW.GLOBAL-AERO.COM

View Organization Page

One Sylvan Way No 3rd FLParsippany, NJ 07054

(973) 490-8550

Siviq Scores

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

Liabilities / Assets

64th percentile

0.03x

Higher debt load relative to assets than 64% of similar nonprofits.

2018 filings • NTEE Y • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

77th percentile

0.21x

Higher debt load relative to revenue than 77% of similar nonprofits.

2018 filings • NTEE Y • $1M-$5M nonprofits • Source year 2018

Net Margin

5th percentile

-72%

Higher net margin than 5% of similar nonprofits.

2018 filings • NTEE Y • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

41st percentile

$0

Higher top officer pay than 41% of similar nonprofits.

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

2018 filings • NTEE Y • $1M-$5M nonprofits • Source year 2018

Asset Growth

10th percentile

-15%

Faster asset growth than 10% of similar nonprofits.

2018 filings • NTEE Y • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-90%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • NTEE Y • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$4,267,237

Down $741,202 (-15%) from 2017

Net Assets

Down

$4,147,127

Down $816,312 (-16%) from 2017

Liabilities

Up

$120,110

Up $75,110 (+167%) from 2017

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin5th percentile

Revenue

Down

$562,475

Down $5,328,635 (-90%) from 2017

Expenses

Up

$965,055

Up $30,439 (+3.3%) from 2017

Net Income

Down

-$402,580

Down $5,359,074 (-108%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$6.0M$4.0M$2.0M$0Assets 2017: $5,008,439Liabilities 2017: $45,000Net Assets 2017: $4,963,4392017Assets 2018: $4,267,237Liabilities 2018: $120,110Net Assets 2018: $4,147,1272018Assets 2019: $4,465,585Liabilities 2019: $115,702Net Assets 2019: $4,349,8832019Assets 2020: $4,589,268Liabilities 2020: $28,429Net Assets 2020: $4,560,8392020Assets 2021: $4,045,850Liabilities 2021: $51,478Net Assets 2021: $3,994,3722021Assets 2022: $2,558,591Liabilities 2022: $28,776Net Assets 2022: $2,529,8152022Assets 2023: $2,586,501Liabilities 2023: $45,487Net Assets 2023: $2,541,0142023Assets 2024: $1,952,966Liabilities 2024: $30,133Net Assets 2024: $1,922,8332024

Highlighted filing

2018

Assets$4,267,237
Liabilities$120,110
Net Assets$4,147,127
Open 2018 Filing

Operations Trend

Revenue Growth1st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $5,891,110Expenses 2017: $934,616Net Income 2017: $4,956,4942017Revenue 2018: $562,475Expenses 2018: $965,055Net Income 2018: -$402,5802018Revenue 2019: $308,860Expenses 2019: $660,705Net Income 2019: -$351,8452019Revenue 2020: $386,375Expenses 2020: $612,751Net Income 2020: -$226,3762020Revenue 2021: $214,397Expenses 2021: $547,464Net Income 2021: -$333,0672021Revenue 2022: $206,313Expenses 2022: $533,030Net Income 2022: -$326,7172022Revenue 2023: $589,060Expenses 2023: $575,297Net Income 2023: $13,7632023Revenue 2024: $187,837Expenses 2024: $668,032Net Income 2024: -$480,1952024

Highlighted filing

2018

Revenue$562,475
Expenses$965,055
Net Income-$402,580
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 4, 2019
Return Version
2018v3.1
Gross Receipts
$562,475
Mission and Program Overview

Mission

The trust shall be administered for the exclusive purpose of providing medical, prescription, vision, and dental benefits to participants as provided in the global aerospace post-retirement medical plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,963,439$4,147,127▼ $816,312
Investments Other Securities$5,008,439$3,988,831▼ $1,019,608
Cash and Non-Interest-Bearing Accounts-$278,406-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,008,439$4,267,237▼ $741,202
Liabilities
Other Liabilities$45,000$120,110▲ $75,110
Total Liabilities$45,000$120,110▲ $75,110
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,963,439$4,147,127▼ $816,312
Total Liabilities and Net Assets / Fund Balance$5,008,439$4,267,237▼ $741,202

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$3,988,831--
Compensation and Service Providers
Top Officer Pay41st percentile

Board Members and Trustees

NameTitle
Anthony MoschettaTrustee
Jeffrey S BrunoTrustee
John G KellyTrustee
Luann CentanniTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$368,351
Investment Income
$194,124
Other Revenue
$0
Change in Net Assets
$-402,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$965,055
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
Other Expenses---$25,397
All Other Expenses---$19,835
Total Functional Expenses$0$0$0$965,055
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
Payable to Plan Sponsor$77,074
Benefits Claims Payable$42,000
Other$1,036
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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

“The organization has no sub-committees which act on behalf of the governing body.”

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

“Form 990 is reviewed by the independent audit firm and by trustee.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Global Aerospace Inc Post Retirement
EIN
82-6791841
Phone
9734908550
Address
ONE SYLVAN WAY NO 3RD FL, PARSIPPANY, NJ 07054

Signing Officer

Name
John Kelly
Title
Trustee
Phone
9734908550
Signed
2019-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Kelly
Formed
2017
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Mazars USA Llp
Address
135 WEST 50TH STREET, NEW YORK, NY 10020-0002
Preparer
Israel Tannenbaum
Phone
2128127000
Raw XML Appendix318 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
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IRS990/AllOtherExpensesGrp/TotalAmt019835
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0562475
IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
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IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt05008439
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IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd00
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IRS990/MinutesOfCommitteesInd00
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherExpensesGrp/Desc1BENEFITS PAID TO INSURA
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc3ADMINISTRATIVE EXPENSES
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IRS990/PartialLiquidationInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE INDEPENDENT AUDIT FIRM AND BY TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
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IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.GLOBAL-AERO.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN KELLY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum09734908550
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLOBAL AEROSPACE INC POST RETIREMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MEDICAL TRUST
ReturnHeader/Filer/BusinessNameControlTxt0GLOB
ReturnHeader/Filer/EIN0826791841
ReturnHeader/Filer/PhoneNum09734908550
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE SYLVAN WAY NO 3RD FL
ReturnHeader/Filer/USAddress/CityNm0PARSIPPANY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007054
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B0D84252D047CD3E6D0B93D9E171CEF49B92729D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt038.98.68.122
ReturnHeader/FilingSecurityInformation/IPDt02019-11-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm013:31:33
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131459550
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAZARS USA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0135 WEST 50TH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100200002
ReturnHeader/PreparerPersonGrp/PhoneNum02128127000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ISRAEL TANNENBAUM
ReturnHeader/ReturnTs02019-11-05T10:26:57-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,267,237
Liabilities
$120,110
Net assets
$4,147,127
Revenue
$562,475
Expenses
$965,055
Net income
-$402,580
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.03$1.92$0.19$0.67$0.48
2023Detailed filing. Detailed filing data is available for this year.$2.59$0.05$2.54$0.59$0.58$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.56$0.03$2.53$0.21$0.53$0.33
2021Detailed filing. Detailed filing data is available for this year.$4.05$0.05$3.99$0.21$0.55$0.33
2020Detailed filing. Detailed filing data is available for this year.$4.59$0.03$4.56$0.39$0.61$0.23
2019Detailed filing. Detailed filing data is available for this year.$4.47$0.12$4.35$0.31$0.66$0.35
2018Detailed filing. Detailed filing data is available for this year.$4.27$0.12$4.15$0.56$0.97$0.40
2017Summary only. Only limited summary data is available for this year.$5.01$0.05$4.96$5.89$0.93$4.96