Civic Intelligence

Sacramento Area Electrical Workers

990 • Fiscal year 2016 • EIN 94-2773477

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 08, 2017

Organization ProfileN/A

View Organization Page

6800 SANTA TERESA BLVD ste 100San Jose, CA 95119

(408) 288-4400

Siviq Scores

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

Liabilities / Assets

67th percentile

0.16x

Higher debt load relative to assets than 67% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

0.36x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2016

Net Margin

78th percentile

15%

Higher net margin than 78% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2016

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.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2016

Asset Growth

69th percentile

9.8%

Faster asset growth than 69% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

70th percentile

10.0%

Faster revenue growth than 70% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$37,237,756

Up $3,320,080 (+9.8%) from 2015

Net Assets

Up

$31,193,013

Up $3,057,913 (+11%) from 2015

Liabilities

Up

$6,044,743

Up $262,167 (+4.5%) from 2015

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin78th percentile

Revenue

Up

$16,698,782

Up $1,513,611 (+10.0%) from 2015

Expenses

Up

$14,120,127

Up $972,000 (+7.4%) from 2015

Net Income

Up

$2,578,655

Up $541,611 (+27%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$80M$60M$40M$20M$0Assets 2011: $25,833,690Liabilities 2011: $4,002,923Net Assets 2011: $21,830,7672011Assets 2012: $27,337,951Liabilities 2012: $4,726,517Net Assets 2012: $22,611,4342012Assets 2013: $30,753,616Liabilities 2013: $4,594,206Net Assets 2013: $26,159,4102013Assets 2014: $31,512,603Liabilities 2014: $4,511,854Net Assets 2014: $27,000,7492014Assets 2015: $33,917,676Liabilities 2015: $5,782,576Net Assets 2015: $28,135,1002015Assets 2016: $37,237,756Liabilities 2016: $6,044,743Net Assets 2016: $31,193,0132016Assets 2017: $41,454,558Liabilities 2017: $6,967,588Net Assets 2017: $34,486,9702017Assets 2018: $42,719,589Liabilities 2018: $7,530,483Net Assets 2018: $35,189,1062018Assets 2019: $47,258,392Liabilities 2019: $9,176,623Net Assets 2019: $38,081,7692019Assets 2020: $53,910,510Liabilities 2020: $10,334,818Net Assets 2020: $43,575,6922020Assets 2021: $57,082,795Liabilities 2021: $9,038,535Net Assets 2021: $48,044,2602021Assets 2022: $53,827,314Liabilities 2022: $10,099,211Net Assets 2022: $43,728,1032022Assets 2023: $61,449,362Liabilities 2023: $12,594,507Net Assets 2023: $48,854,8552023Assets 2024: $70,029,088Liabilities 2024: $14,103,614Net Assets 2024: $55,925,4742024

Highlighted filing

2016

Assets$37,237,756
Liabilities$6,044,743
Net Assets$31,193,013
Open 2016 Filing

Operations Trend

Revenue Growth70th percentile

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

$40M$30M$20M$10M$0-$10MRevenue 2011: $12,755,048Expenses 2011: $11,522,129Net Income 2011: $1,232,9192011Expenses 2012: $11,868,7302012Revenue 2013: $13,446,122Expenses 2013: $11,647,009Net Income 2013: $1,799,1132013Revenue 2014: $12,240,066Expenses 2014: $11,123,227Net Income 2014: $1,116,8392014Revenue 2015: $15,185,171Expenses 2015: $13,148,127Net Income 2015: $2,037,0442015Revenue 2016: $16,698,782Expenses 2016: $14,120,127Net Income 2016: $2,578,6552016Revenue 2017: $18,013,385Expenses 2017: $14,436,886Net Income 2017: $3,576,4992017Revenue 2018: $17,021,001Expenses 2018: $16,016,675Net Income 2018: $1,004,3262018Revenue 2019: $21,128,825Expenses 2019: $20,105,531Net Income 2019: $1,023,2942019Revenue 2020: $25,485,394Expenses 2020: $21,720,697Net Income 2020: $3,764,6972020Revenue 2021: $22,788,192Expenses 2021: $20,437,237Net Income 2021: $2,350,9552021Revenue 2022: $21,671,637Expenses 2022: $22,414,307Net Income 2022: -$742,6702022Revenue 2023: $28,419,317Expenses 2023: $26,635,821Net Income 2023: $1,783,4962023Revenue 2024: $32,885,894Expenses 2024: $28,720,409Net Income 2024: $4,165,4852024

Highlighted filing

2016

Revenue$16,698,782
Expenses$14,120,127
Net Income$2,578,655
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 8, 2017
Return Version
2016v3.1
Gross Receipts
$33,086,519
Mission and Program Overview

Mission

To provide health care benefits to eligible participants according to the terms of the collective bargaining agreement between the employers and the union.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$28,135,100$31,193,013▲ $3,057,913
Investments in Publicly Traded Securities$25,017,998$26,355,638▲ $1,337,640
Cash and Non-Interest-Bearing Accounts$5,709,305$7,249,871▲ $1,540,566
Accounts Receivable$1,620,684$1,835,265▲ $214,581
Savings and Temporary Cash Investments$1,569,689$1,793,565▲ $223,876
Prepaid Expenses and Deferred Charges$0$3,417▲ $3,417
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$33,917,676$37,237,756▲ $3,320,080
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$5,374,460$5,852,941▲ $478,481
Accounts Payable and Accrued Expenses$408,116$191,802▼ $216,314
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,782,576$6,044,743▲ $262,167
Net Assets / Fund Balance
Total Net Assets Fund Balance$28,135,100$31,193,013▲ $3,057,913
Total Liabilities and Net Assets / Fund Balance$33,917,676$37,237,756▲ $3,320,080
Compensation and Service Providers
Top Officer Pay41st percentile

Board Members and Trustees

NameTitle
Ron PuleoAlternate Trustee
Cliff FranklinTrustee
Fran McdermottTrustee
Frank AlbertTrustee
Frank SchetterTrustee
Jan GroeszTrustee
Robert WardTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
United Administrative ServicesContract Admin.6800 SANTA TERESA BLVD STE 100, San Jose, CA 95119$182,599
Delta DentalClaims Processing100 FIRST ST, San Francisco, CA 94105$112,482
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$15,624,414
Investment Income
$1,074,368
Other Revenue
$0
Change in Net Assets
$2,578,655

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,698,782
Revenue Not Reported on Form 990
$479,258
Total Revenue per Audited Statements
$17,178,040
Total Revenue per Form 990
$16,698,782
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$627,282
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---$13,492,845
Fees for Services Other---$185,880
Fees for Services Management---$182,599
Fees for Services Legal---$69,184
Fees for Service Investment Mgmnt Fees---$68,278
Office Expenses---$51,382
Fees for Services Accounting---$28,094
Insurance---$15,019
Occupancy---$9,900
Conferences and Meetings---$9,534
Information Technology---$4,400
Other Expenses---$3,012
Total Functional Expenses$0$0$0$14,120,127

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$14,120,127
Expenses per Audited Statements$13,641,646
Total Expenses per Audited Statements$13,641,646
Expenses Not Reported on Financial Statements$478,481
Other Expense Adjustments$478,481
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Benefit Obligations$5,852,941
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI, SECTION A, LINE 8B:

“THE fund DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. PART VI, SECTION B, LINE 11B: THE ADMINISTRATIVE OFFICE REVIEWS THE FORM 990 AND WILL NOTIFY THE BOARD OF TRUSTEES IF ANY UNUSUAL OR SIGNIFICANT ITEMS ARE NOTED. PART VI, SECTION B, LINE 12C: ANY TRUSTEE OR SERVICE PROVIDER AUTHORIZED TO CONDUCT TRANSACTIONS ON BEHALF OF THE fund WHO HAS REASON TO BELIEVE THAT A PROPOSED TRANSACTION MIGHT CONSTITUTE A CONFLICT OF INTEREST IS OBLIGATED TO CONSULT WITH fund COUNSEL. TRUSTEES ARE ALSO REQUIRED TO NOTIFY THE fund OF ANY CHANGES IN THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS. PART VI, SECTION C, LINE 19: THE fund'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MAINTAINED BY THE ADMINISTRATIVE OFFICE AND ARE AVAILABLE UPON REQUEST. ADDITIONALLY, FINANCIAL STATEMENTS ARE DISTRIBUTED TO THE TRUSTEES ON A REGULAR BASIS. PART VII, SECTION A: THE TRUSTEES HAVE NOT INCLUDED THE CONTRIBUTING EMPLOYERS AS THAT INFORMATION IS AVAILABLE AT THE FUND OFFICE. THE TRUSTEES HAVE NOT INCLUDED THE COMPENSATION PAID TO FRAN MCDERMOTT, FRANK SCHETTER, AND ROBERT WARD, WHO ARE EMPLOYED BY NOT-FOR-PROFIT CONTRIBUTING EMPLOYER. THEIR COMPENSATION IS INCLUDED ON THE FORM 990 OF THAT ORGANIZATION.”

Filing and Contact Details

Filer

Filer Name
Sacramento Area Electrical Workers
EIN
94-2773477
In Care Of
% SANDY STEPHENSON
Phone
4082884400
Address
6800 SANTA TERESA BLVD ste 100, SAN JOSE, CA 95119

Signing Officer

Name
Fran Mcdermott
Title
trustee
Phone
4082884400
Signed
2017-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fran Mcdermott
Formed
1981
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Miller Kaplan Arase Llp
Address
TWO EMBARCADERO CTR STE 2280, SAN FRANCISCO, CA 94111-3916
Preparer
Kelly T Harper
Phone
4159563600
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2:

“Accounting principles generally accepted in the united states of america require management to evaluete tax positions taken by the plan and recognize a tax liability if the plan has taken a position that more likely than not would not be sustained upon examination by a tax authority. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Part xii, line 4b: change in benefit obligations.”

Raw XML AppendixShowing 400 of 431 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/BOYAmt0408116
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0191802
IRS990/AccountsReceivableGrp/BOYAmt01620684
IRS990/AccountsReceivableGrp/EOYAmt01835265
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS ACCORDING TO THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE EMPLOYERS AND THE UNION.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt013492845
IRS990/BooksInCareOfDetail/PersonNm0SANDY STEPHENSON
IRS990/BooksInCareOfDetail/PhoneNum04082884400
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06800 SANTA TERESA BLVD STE 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0SAN JOSE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd095119
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt05709305
IRS990/CashNonInterestBearingGrp/EOYAmt07249871
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt09534
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0182599
IRS990/ContractorCompensationGrp/CompensationAmt1112482
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt06800 SANTA TERESA BLVD STE 100
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1100 FIRST ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SAN JOSE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1SAN FRANCISCO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd095119
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd194105
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0UNITED ADMINISTRATIVE SERVICES
IRS990/ContractorCompensationGrp/ContractorName/PersonNm1DELTA DENTAL
IRS990/ContractorCompensationGrp/ServicesDesc0CONTRACT ADMIN.
IRS990/ContractorCompensationGrp/ServicesDesc1CLAIMS PROCESSING
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt013492845
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01074368
IRS990/CYOtherExpensesAmt0627282
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt015624414
IRS990/CYRevenuesLessExpensesAmt02578655
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt014120127
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt016698782
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0TO PROVIDE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS ACCORDING TO THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE EMPLOYERS AND THE UNION.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt028094
IRS990/FeesForServicesLegalGrp/TotalAmt069184
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt0182599
IRS990/FeesForServicesOtherGrp/TotalAmt0185880
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt068278
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt340.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt640.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.0
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/PersonNm0FRANK ALBERT
IRS990/Form990PartVIISectionAGrp/PersonNm1CLIFF FRANKLIN
IRS990/Form990PartVIISectionAGrp/PersonNm2FRAN MCDERMOTT
IRS990/Form990PartVIISectionAGrp/PersonNm3FRANK SCHETTER
IRS990/Form990PartVIISectionAGrp/PersonNm4JAN GROESZ
IRS990/Form990PartVIISectionAGrp/PersonNm5RON PULEO
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT WARD
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/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5ALTERNATE TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01981
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/OtherAmt0259202
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt016646939
IRS990/GrossReceiptsAmt033086519
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt04400
IRS990/InsuranceGrp/TotalAmt015019
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0815166
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0815166
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt025017998
IRS990/InvestmentsPubTradedSecGrp/EOYAmt026355638
IRS990/IRPDocumentCnt0232
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt016387737
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS ACCORDING TO THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE EMPLOYERS AND THE UNION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt028135100
IRS990/NetAssetsOrFundBalancesEOYAmt031193013
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0259202
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0259202
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0479258
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt09900
IRS990/OfficeExpensesGrp/TotalAmt051382
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt03012
IRS990/OtherLiabilitiesGrp/BOYAmt05374460
IRS990/OtherLiabilitiesGrp/EOYAmt05852941
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03417
IRS990/PrincipalOfficerNm0FRAN MCDERMOTT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1COBRA CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015598503
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt125911
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015598503
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt125911
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt012563246
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01175053
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0584881
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt014010118
IRS990/PYRevenuesLessExpensesAmt02037044
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt013148127
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt015185171
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02578655
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt028135100
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt031193013
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01569689
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01793565
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0478481
IRS990ScheduleD/ExpensesSubtotalAmt013641646
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0479258
IRS990ScheduleD/OtherExpensesNotIncludedAmt0478481
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05852941
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BENEFIT OBLIGATIONS
IRS990ScheduleD/RevenueNotReportedAmt0479258
IRS990ScheduleD/RevenueSubtotalAmt016698782
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUETE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN A POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A TAX AUTHORITY. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 4B: CHANGE IN BENEFIT OBLIGATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2:
IRS990ScheduleD/TotalExpensesPerForm990Amt014120127
IRS990ScheduleD/TotalLiabilityAmt05852941
IRS990ScheduleD/TotalRevenuePerForm990Amt016698782
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt017178040
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013641646
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE fund DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. PART VI, SECTION B, LINE 11B: THE ADMINISTRATIVE OFFICE REVIEWS THE FORM 990 AND WILL NOTIFY THE BOARD OF TRUSTEES IF ANY UNUSUAL OR SIGNIFICANT ITEMS ARE NOTED. PART VI, SECTION B, LINE 12C: ANY TRUSTEE OR SERVICE PROVIDER AUTHORIZED TO CONDUCT TRANSACTIONS ON BEHALF OF THE fund WHO HAS REASON TO BELIEVE THAT A PROPOSED TRANSACTION MIGHT CONSTITUTE A CONFLICT OF INTEREST IS OBLIGATED TO CONSULT WITH fund COUNSEL. TRUSTEES ARE ALSO REQUIRED TO NOTIFY THE fund OF ANY CHANGES IN THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS. PART VI, SECTION C, LINE 19: THE fund'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MAINTAINED BY THE ADMINISTRATIVE OFFICE AND ARE AVAILABLE UPON REQUEST. ADDITIONALLY, FINANCIAL STATEMENTS ARE DISTRIBUTED TO THE TRUSTEES ON A REGULAR BASIS. PART VII, SECTION A: THE TRUSTEES HAVE NOT INCLUDED THE CONTRIBUTING EMPLOYERS AS THAT INFORMATION IS AVAILABLE AT THE FUND OFFICE. THE TRUSTEES HAVE NOT INCLUDED THE COMPENSATION PAID TO FRAN MCDERMOTT, FRANK SCHETTER, AND ROBERT WARD, WHO ARE EMPLOYED BY NOT-FOR-PROFIT CONTRIBUTING EMPLOYER. THEIR COMPENSATION IS INCLUDED ON THE FORM 990 OF THAT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 8B:
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0SEE SUPPLEMENTAL INFORMATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0SEE SUPPLEMENTAL INFORMATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SEE SUPPLEMENTAL INFORMATION
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0ORGANIZATIONS AND RELATED ORGANIZATIONS TAXABLE AS A PARTNERSHIP, CORPORATION OR TRUST: the trustees have not included the contributing employers as that information is available at the fund office.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0PARTS II, III, IV AND V - IDENTIFICATION OF RELATED TAX-EXEMPT
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt033917676
IRS990/TotalAssetsEOYAmt037237756
IRS990/TotalAssetsGrp/BOYAmt033917676
IRS990/TotalAssetsGrp/EOYAmt037237756
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt014120127
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05782576
IRS990/TotalLiabilitiesEOYAmt06044743
IRS990/TotalLiabilitiesGrp/BOYAmt05782576
IRS990/TotalLiabilitiesGrp/EOYAmt06044743
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt028135100
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt031193013
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt015624414
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01074368
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015624414
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt016698782
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt033917676
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt037237756
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06800 SANTA TERESA BLVD STE 100
IRS990/USAddress/CityNm0SAN JOSE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095119
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRAN MCDERMOTT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$37,237,756
Liabilities
$6,044,743
Net assets
$31,193,013
Revenue
$16,698,782
Expenses
$14,120,127
Net income
$2,578,655
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$70.0$14.1$55.9$32.9$28.7$4.17
2023Summary only. Only limited summary data is available for this year.$61.4$12.6$48.9$28.4$26.6$1.78
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.8$10.1$43.7$21.7$22.4$0.74
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.1$9.04$48.0$22.8$20.4$2.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.9$10.3$43.6$25.5$21.7$3.76
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.3$9.18$38.1$21.1$20.1$1.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.7$7.53$35.2$17.0$16.0$1.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.5$6.97$34.5$18.0$14.4$3.58
2016Detailed filing. Detailed filing data is available for this year.$37.2$6.04$31.2$16.7$14.1$2.58
2015Detailed filing. Detailed filing data is available for this year.$33.9$5.78$28.1$15.2$13.1$2.04
2014Detailed filing. Detailed filing data is available for this year.$31.5$4.51$27.0$12.2$11.1$1.12
2013Summary only. Only limited summary data is available for this year.$30.8$4.59$26.2$13.4$11.6$1.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.3$4.73$22.6$11.9
2011Summary only. Only limited summary data is available for this year.$25.8$4.00$21.8$12.8$11.5$1.23