Civic Intelligence

Teamsters Local 97 Holding Co

EIN 90-0335410 • 501(c)2 • Clark, NJ

Profile

Hold title to real estate.

136 Central AvenueClark, NJ 07066

n/A

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

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

501(c)2 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

501(c)2 • <$500k nonprofits • Source year 2019

Net Margin

16th percentile

-73%

Higher net margin than 16% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$215,841

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 43959.5% of source-year revenue.

501(c)2 • <$500k nonprofits • Source year 2019

Asset Growth

67th percentile

-0.1%

Faster asset growth than 67% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Assets

Down

$421,481

Down $357 (-0.1%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

Down

$421,481

Down $357 (-0.1%) from 2018

Revenue

Up

$491

Up $5,029 (+111%) from 2018

Expenses

Down

$848

Down $52,456 (-98%) from 2018

Net Income

Up

-$357

Up $57,485 (+99%) from 2018

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $617,620Liabilities 2010: $2,640Net Assets 2010: $614,9802010Assets 2011: $596,653Liabilities 2011: $2,640Net Assets 2011: $594,0132011Assets 2012: $583,560Liabilities 2012: $2,640Net Assets 2012: $580,9202012Assets 2013: $543,081Liabilities 2013: $2,640Net Assets 2013: $540,4412013Assets 2014: $521,959Liabilities 2014: $2,640Net Assets 2014: $519,3192014Assets 2015: $507,968Liabilities 2015: $0Net Assets 2015: $507,9682015Assets 2016: $489,023Liabilities 2016: $0Net Assets 2016: $489,0232016Assets 2017: $449,680Liabilities 2017: $0Net Assets 2017: $449,6802017Assets 2018: $421,838Liabilities 2018: $0Net Assets 2018: $421,8382018Assets 2019: $421,481Liabilities 2019: $0Net Assets 2019: $421,4812019

Highlighted filing

2019

Assets$421,481
Liabilities$0
Net Assets$421,481

Operations Trend

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

$200K$100K$0-$100KExpenses 2010: $132,6912010Expenses 2011: $4,9932011Expenses 2012: $3202012Revenue 2013: -$44,308Expenses 2013: $6,171Net Income 2013: -$50,4792013Revenue 2014: -$32,455Expenses 2014: $3,667Net Income 2014: -$36,1222014Revenue 2015: -$27,360Expenses 2015: $3,991Net Income 2015: -$31,3512015Revenue 2016: $85,908Expenses 2016: $114,853Net Income 2016: -$28,9452016Revenue 2017: $14,398Expenses 2017: $103,741Net Income 2017: -$89,3432017Revenue 2018: -$4,538Expenses 2018: $53,304Net Income 2018: -$57,8422018Revenue 2019: $491Expenses 2019: $848Net Income 2019: -$3572019

Highlighted filing

2019

Revenue$491
Expenses$848
Net Income-$357

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$491
Mission and Program Overview

Mission

Hold title to real estate.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$389,838$421,481▲ $31,643
Accounts Receivable$32,000$0▼ $32,000
Total Assets$421,838$421,481▼ $357
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$421,838$421,481▼ $357
Total Net Assets Fund Balance$421,838$421,481▼ $357
Total Liabilities and Net Assets / Fund Balance$421,838$421,481▼ $357
Compensation and Service Providers

Employees

NameTitleOtherTotal
Amy LewisRECORDING SEC'Y$148,596$148,596
Patrick GuaschinoVice President$148,269$148,269
Carl WatsonTrustee$134,041$134,041
George BurrTrustee$131,650$131,650
Keven TherienTrustee$1,177$1,177

Board Members and Trustees

NameTitle
John J GerowPresident
Maria PerezSecretary-treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$491
Change in Net Assets
$-357

Audited Revenue Reconciliation

Revenue per Audited Statements
$491
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$491
Total Revenue per Form 990
$491
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$848
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 Legal---$601
Insurance---$161
Office Expenses---$75
Other Expenses---$11
Total Functional Expenses$0$0$0$848

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$848
Total Expenses per Audited Statements$848
Total Expenses per Form 990$848
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Teamsters local 97 is the controlling entity of teamsters local 97 holding co. The officers of the local are officers of the holding co. For teamsters local 97, each member whose dues are paid up through the month prior to the month in which the nomination or election is held shall have the right to nominate, vote for, or otherwise support any candidate. No member who has dues withheld by his employer for payment to the local union shall be declared ineligible to nominate or vote for a candidate for office in the local union, due to a delay or non-payment of dues by the employer to the local union. Voting shall be done by secret ballot among those members in good standing. Proxy voting is not permitted. Each member shall be entitled to one vote. The local union has the authority to establish all rules & regulations for the election to supplement the provisions of the international constitution and the local union's by-laws.

Form 990, Part VI, Section A, Line 8B

No other committees exist with the authority to act on behalf of the governing body.

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

The form 990 is reviewed by several officers prior to the filing.

Form 990, Part VI, Section C, Line 19

The holding company makes it's governing documents and financial statements available upon request at the offices of the holding co. Arrangements must be made during normal business hours. Copies are not allowed.

Filing and Contact Details

Filer

Filer Name
Teamsters Local 97 Holding Co
EIN
90-0335410
Phone
7323811090
Address
136 CENTRAL AVENUE, CLARK, NJ 07066

Signing Officer

Name
Maria Perez
Title
Secretary-treasurer
Phone
7323811090
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John J Gerow
Formed
1967
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Mspc Cpas & Advisors Pc
Address
340 NORTH AVENUE EAST, CRANFORD, NJ 07016-2496
Preparer
Jon S Gagliardi
Phone
9082727000
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 1

The organization uses the modified cash basis of accounting. The basis has not changed from the previous year.

Financial Statement Notes

PART X, LINE 2:

The accounting standards on accounting for uncertainty in income taxes address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the organization and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from a tax position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the year ended december 31, 2019.

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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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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TEAMSTERS LOCAL 97 IS THE CONTROLLING ENTITY OF TEAMSTERS LOCAL 97 HOLDING CO. THE OFFICERS OF THE LOCAL ARE OFFICERS OF THE HOLDING CO. FOR TEAMSTERS LOCAL 97, EACH MEMBER WHOSE DUES ARE PAID UP THROUGH THE MONTH PRIOR TO THE MONTH IN WHICH THE NOMINATION OR ELECTION IS HELD SHALL HAVE THE RIGHT TO NOMINATE, VOTE FOR, OR OTHERWISE SUPPORT ANY CANDIDATE. NO MEMBER WHO HAS DUES WITHHELD BY HIS EMPLOYER FOR PAYMENT TO THE LOCAL UNION SHALL BE DECLARED INELIGIBLE TO NOMINATE OR VOTE FOR A CANDIDATE FOR OFFICE IN THE LOCAL UNION, DUE TO A DELAY OR NON-PAYMENT OF DUES BY THE EMPLOYER TO THE LOCAL UNION. VOTING SHALL BE DONE BY SECRET BALLOT AMONG THOSE MEMBERS IN GOOD STANDING. PROXY VOTING IS NOT PERMITTED. EACH MEMBER SHALL BE ENTITLED TO ONE VOTE. THE LOCAL UNION HAS THE AUTHORITY TO ESTABLISH ALL RULES & REGULATIONS FOR THE ELECTION TO SUPPLEMENT THE PROVISIONS OF THE INTERNATIONAL CONSTITUTION AND THE LOCAL UNION'S BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO OTHER COMMITTEES EXIST WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY SEVERAL OFFICERS PRIOR TO THE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE HOLDING COMPANY MAKES IT'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AT THE OFFICES OF THE HOLDING CO. ARRANGEMENTS MUST BE MADE DURING NORMAL BUSINESS HOURS. COPIES ARE NOT ALLOWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION USES THE MODIFIED CASH BASIS OF ACCOUNTING. THE BASIS HAS NOT CHANGED FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART XII LINE 1
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TEAMSTERS LOCAL 97
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LOCAL 97 BENEFITS FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0221633671
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1222004832
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(9)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOCAL UNION ACTIVITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PROVIDE WELFARE BENEFITS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0136 CENTRAL AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1136 CENTRAL AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CLARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1CLARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd007066
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd107066
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0421838
IRS990/TotalAssetsEOYAmt0421481
IRS990/TotalAssetsGrp/BOYAmt0421838
IRS990/TotalAssetsGrp/EOYAmt0421481
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0848
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0421838
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0421481
IRS990/TotalOtherCompensationAmt0312060
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0491
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0491
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0421838
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0421481
IRS990/TotReportableCompRltdOrgAmt0669428
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0136 CENTRAL AVENUE
IRS990/USAddress/CityNm0CLARK
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007066
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARIA PEREZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY-TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07323811090
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEAMSTERS LOCAL 97 HOLDING CO
ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0900335410
ReturnHeader/Filer/PhoneNum07323811090
ReturnHeader/Filer/USAddress/AddressLine1Txt0136 CENTRAL AVENUE
ReturnHeader/Filer/USAddress/CityNm0CLARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007066
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07F926D27CAB0024D623411054CF6F75958FCCFC4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0107.0.40.162
ReturnHeader/FilingSecurityInformation/IPDt02020-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm014:00:15
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222951202
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MSPC CPAS & ADVISORS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0340 NORTH AVENUE EAST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CRANFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0070162496
ReturnHeader/PreparerPersonGrp/PhoneNum09082727000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JON S GAGLIARDI
ReturnHeader/ReturnTs02020-11-13T14:00:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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