Civic Intelligence

Abms Recovery Benefit Trust

990 • Fiscal year 2020 • EIN 85-1627307

Jun 15, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

Organization ProfileN/A
PO Box 1028 830 Bear Tavern RdWest Trenton, NJ 08628

(908) 208-1368

Siviq Scores

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

Liabilities / Assets

65th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)9 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

68th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)9 • <$500k nonprofits • Source year 2020

Net Margin

86th percentile

42%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)9 • <$500k nonprofits • Source year 2020

Top Officer Pay

90th percentile

$35,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

2020 filings • 501(c)9 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets65th percentile

Assets

$131,515

No earlier filing loaded for comparison.

Net Assets

$131,515

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin86th percentile

Revenue

$315,215

No earlier filing loaded for comparison.

Expenses

$183,700

No earlier filing loaded for comparison.

Net Income

$131,515

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$150K$100K$50K$0Assets 2020: $131,515Liabilities 2020: $0Net Assets 2020: $131,5152020Assets 2021: $19,243Liabilities 2021: $0Net Assets 2021: $19,2432021Assets 2022: $42,869Liabilities 2022: $0Net Assets 2022: $42,8692022

Highlighted filing

2020

Assets$131,515
Liabilities$0
Net Assets$131,515
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$800K$600K$400K$200K$0-$200KRevenue 2020: $315,215Expenses 2020: $183,700Net Income 2020: $131,5152020Revenue 2021: $75,000Expenses 2021: $187,272Net Income 2021: -$112,2722021Revenue 2022: $644,737Expenses 2022: $621,111Net Income 2022: $23,6262022

Highlighted filing

2020

Revenue$315,215
Expenses$183,700
Net Income$131,515
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 15, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$315,215
Mission and Program Overview

Mission

Provide group health benefits for eligible participants

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$131,515-
Rtn Earn Endowment Incm Other Fnds$0$131,515▲ $131,515
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$131,515▲ $131,515
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$131,515▲ $131,515
Total Liabilities and Net Assets / Fund Balance$0$131,515▲ $131,515
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleBaseTotal
Larry MagarikTrustee$35,000$35,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$315,215
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$131,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$183,700
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
Fees for Services Management-$78,058-$78,058
Fees for Services Legal-$64,707-$64,707
Fees for Services Other-$35,000-$35,000
Insurance-$5,335-$5,335
Other Expenses-$600-$600
Total Functional Expenses$0$183,700$0$183,700
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
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
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

“No such committees existed”

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

“A copy of the return has been provided to the trustees for their review and comment prior to its submission”

Form 990, Part VI, Section C, line 19

“Governing documents and financial statements are made available upon”

Filing and Contact Details

Filer

Filer Name
Abms Recovery Benefit Trust
EIN
85-1627307
Phone
9082081368
Address
PO BOX 1028 830 BEAR TAVERN RD, WEST TRENTON, NJ 08628

Signing Officer

Name
Glenn D Shaffer
Title
Administrator
Phone
9082081368
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenn D Shaffer
Formed
2020
Legal Domicile
Nj
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
I E Shaffer & Co
Address
830 Bear Tavern Road, West Trenton, NJ 08628
Phone
6097181323
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“TRUSTEE FEES: Program service expenses 0. Management and general expenses 35000. Fundraising expenses 0. Total expenses 35000.”

Raw XML Appendix231 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/BooksInCareOfDetail/PhoneNum09082081368
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IRS990/BooksInCareOfDetail/USAddress/CityNm0WEST TRENTON
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IRS990/CYRevenuesLessExpensesAmt0131515
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IRS990/ForeignActivitiesInd00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt035000
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0315215
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitialReturnInd0X
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IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
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IRS990/MinutesOfCommitteesInd00
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesEOYAmt0131515
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0US TREASURY
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0600
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IRS990/PartialLiquidationInd00
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt181377
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IRS990/ProhibitedTaxShelterTransInd00
IRS990/QuidProQuoContributionsInd00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0131515
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO SUCH COMMITTEES EXISTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09082081368
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0830 Bear Tavern Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Trenton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008628
ReturnHeader/PreparerPersonGrp/PhoneNum06097181323
ReturnHeader/ReturnTs02021-11-12T09:36:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Glenn
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Shaffer
ReturnHeader/TaxPeriodBeginDt02020-06-15
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$131,515
Liabilities
$0
Net assets
$131,515
Revenue
$315,215
Expenses
$183,700
Net income
$131,515
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.00$0.43$6.45$6.21$0.24
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.75$1.87$1.12
2020Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$3.15$1.84$1.32