Silver Shield Association INC

Not tax-deductible

Greenwich, CT501(c)(5)EIN 06-1009211Revenue $404K in FY2024

On file with the IRSgreenwichpolicesilvershield.comPo Box 1123, 06836-1123 · Greenwich, CTTax-exempt since Nov 1984

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The organization primary purpose is to provide assistance to its members in time of need, to create close bonds among its members and provide professional police services to the entire community. In addition, the organization strives for higher standards of work performance, enhances the professional abilities of the members and improves working conditions.

62¢ of each $1 spent went to programs.
$49K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $121K a year · 30% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$49K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
42 mo
of spending, in cash
Looks good: 41.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $6K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 13 voting members
Concern: none of 13 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$404K
+7% vs prior year
Spent
$300K
To programs
62%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$404K
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$491K
FY2021$397K
FY2022$365K
FY2023$377K
FY2024$404K
Expenses
$300K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$317K
FY2021$251K
FY2022$270K
FY2023$294K
FY2024$300K
Net assets
$1.0M
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$607K
FY2021$754K
FY2022$849K
FY2023$933K
FY2024$1.0M

From the FY2024 Form 990 (year ending June 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $186K Management & general 35% · $105K Fundraising 3% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $49K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$11,097Pt VII · Sec A
Former Presi
$9,248Pt VII · Sec A
President
$9,248Pt VII · Sec A
Former VP
$6,935Pt VII · Sec A
Vice Preside
$6,935Pt VII · Sec A
Financial Se
$1,850Pt VII · Sec A
Former Fin S
$1,850Pt VII · Sec A
Recording Se
$925Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Louis Pannone———$19,977
John Browne$9,248$18,080$6,475—
Martin O'Reilly———$14,982
Carl Johnson$6,935$13,600$8,617—
Marc Jason Levy$11,097$10,847$10,360$11,986
Peter Schmitt$9,248———
Joseph Rondini$6,935———
Thomas Huestis$1,850——$3,712

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports members in need, fosters community bonds, and enhances professional police services.

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Provided by the organization

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2 programs · $176K · in their own filed words · FY2023
01

Member Benefits

This program was established to exclusively assist the members and their families in supplementing growing unreimbursed health and DENTAL/VISION expenses incurred; in addition, to provide life insurance benefits as well as assist with labor related and legal services.

$95Kprogram expense
02

Member Events & Special Awards

These events are organized by the association to recognize members as well as to enhance member bonds.

$82Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$6K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$404K
Ln 12
Gifts and grantsLn 1h$383K
Investment incomeLn 3$21K
Money outPt IX
$300K
Ln 25
Programscol B$186K
Managementcol C$105K
Fundraisingcol D$9K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A9
Voting boardVI 1a13
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$383K
Investment incomeLn 3$21K
Total revenueLn 12$404K
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$933K$1.0M
Total assetsLn 16$933K$1.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$933K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$95K$95K
Other salaries and wagesLn 7$57K$46K$10K
Payroll taxesLn 10$5K$4K$865
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$34K$34K
Office expensesLn 13$25K$25K
TravelLn 17$622$622
Depreciation, depletion and amortizationLn 22$3K$2K$2K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$47K$37K$789$9K
All other expensesLn 24e$7K$3K$5K
Total functional expensesLn 25$300K$186K$105K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $404K$300K$104K$1.0M 990 PDF
FY2023 $377K$294K$84K$933K 990 PDF
FY2022 $365K$270K$95K$849K 990 PDF
FY2021 $397K$251K$146K$754K 990 PDF
FY2020 $491K$317K$174K$607K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $404,384 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $372,329$383,239
I-9 Program service revenue$0
I-10 Investment incomePrior year $5,153$21,145
I-11 Other revenue$0
I-12 Total revenuePrior year $377,482$404,384
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $120,833$94,530
I-15 Salaries and benefitsPrior year $62,115$61,558
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $110,854$144,096
I-18 Total expensesPrior year $293,802$300,184
I-19 Revenue less expensesPrior year $83,680$104,200
Part VI · Governance 0 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $404,384 across 5 lines filed
VIII-1b Membership dues$236,113
VIII-1f All other contributions, gifts and grants$147,126
VIII-1h Total contributions, gifts and grants$383,239
VIII-3 Investment incomeRelated to mission $21,145$21,145
VIII-12 Total revenueRelated to mission $21,145$404,384
Part IX · Statement of functional expenses $300,184 across 11 lines filed
IX-4 Benefits paid to or for membersPrograms $94,530$94,530
IX-7 Other salaries and wagesPrograms $46,496 · Management $10,285$56,781
IX-10 Payroll taxesPrograms $3,912 · Management $865$4,777
IX-11c Accounting feesManagement $17,700$17,700
IX-11g Other fees for servicesManagement $33,636$33,636
IX-13 Office expensesManagement $24,520$24,520
IX-17 TravelManagement $622$622
IX-22 Depreciation, depletion and amortizationPrograms $1,590 · Management $1,590$3,180
IX-23 InsuranceManagement $9,799$9,799
IX-24 Other expenses (24a–d)Programs $37,129 · Management $789 · Fundraising $9,248$47,166
IX-24e All other expensesPrograms $2,750 · Management $4,723$7,473
IX-25 Total functional expensesPrograms $186,407 · Management $104,529 · Fundraising $9,248$300,184
Part X · Balance sheet $1,036,899 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $932,699$1,036,899
X-16 Total assetsStart of year $932,699$1,036,899
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $932,699$1,036,899
X-32 Total net assets or fund balancesStart of year $932,699$1,036,899
X-33 Total liabilities and net assetsStart of year $932,699$1,036,899
Part XI · Reconciliation of net assets $1,036,899 net assets at year end
XI-1 Total revenue$404,384
XI-2 Total expenses$300,184
XI-3 Revenue less expenses$104,200
XI-4 Net assets at start of year$932,699
XI-10 Net assets at end of year$1,036,899

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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