Silver Shield Association INC FY2023 filing

Not tax-deductible

Greenwich, CT501(c)(5)EIN 06-1009211Revenue $377K in FY2023

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.

77¢ of each $1 spent went to programs.
$48K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$48K
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
38 mo
of spending, in cash
Looks good: 38.1 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
$377K
+3% vs prior year
Spent
$294K
To programs
77%
Net assets
$933K
By yearFY2020–FY2024
Revenue
$377K
FY2023▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$491K
FY2021$397K
FY2022$365K
FY2023$377K
FY2024$404K
Expenses
$294K
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$317K
FY2021$251K
FY2022$270K
FY2023$294K
FY2024$300K
Net assets
$933K
FY2023▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$607K
FY2021$754K
FY2022$849K
FY2023$933K
FY2024$1.0M

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

77 cents of each dollar spent went to programs.

Program services 77% · $227K Management & general 19% · $56K Fundraising 4% · $11K

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

6 people listed on the 990; $48K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Former Presi
$18,080Pt VII · Sec A
Vice Preside
$13,600Pt VII · Sec A
$10,847Pt VII · Sec A
Former Fin S
$3,616Pt VII · Sec A
Former Rec S
$1,808Pt VII · Sec A
President
$0Pt 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 · $198K · in their own filed words · FY2022
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.

$121Kprogram expense
02

Member Events & Special Awards

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

$77Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$377K
Ln 12
Gifts and grantsLn 1h$372K
Investment incomeLn 3$5K
Money outPt IX
$294K
Ln 25
Programscol B$227K
Managementcol C$56K
Fundraisingcol D$11K
Owns and owesPt X
$933K
net assets · Ln 32
Cash and savingsLn 1–2$933K
Total assetsLn 16$933K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A5
Voting boardVI 1a13
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$372K
Investment incomeLn 3$5K
Total revenueLn 12$377K
Assets in detailPt X, end of year
CashLn 1$933K
Cash and savings togetherLn 1–2$933K
Total assetsLn 16$933K
LiabilitiesLn 26$0
Net assetsLn 32$933K
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 FY23End FY23
Cash and savingsLn 1–2$849K$933K
Total assetsLn 16$849K$933K
LiabilitiesLn 26$0$0
Net assetsLn 32$849K$933K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$121K$121K
Other salaries and wagesLn 7$57K$47K$10K
Payroll taxesLn 10$5K$4K$862
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$8K$8K
Depreciation, depletion and amortizationLn 22$727$363$364
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$66K$51K$4K$11K
All other expensesLn 24e$5K$4K$1K
Total functional expensesLn 25$294K$227K$56K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $404K$300K$104K$1.0M 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $377,482 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $364,291$372,329
I-9 Program service revenue$0
I-10 Investment incomePrior year $939$5,153
I-11 Other revenue$0
I-12 Total revenuePrior year $365,230$377,482
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $94,191$120,833
I-15 Salaries and benefitsPrior year $76,879$62,115
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $98,925$110,854
I-18 Total expensesPrior year $269,995$293,802
I-19 Revenue less expensesPrior year $95,235$83,680
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 $377,482 across 5 lines filed
VIII-1b Membership dues$224,923
VIII-1f All other contributions, gifts and grants$147,406
VIII-1h Total contributions, gifts and grants$372,329
VIII-3 Investment incomeRelated to mission $5,153$5,153
VIII-12 Total revenueRelated to mission $5,153$377,482
Part IX · Statement of functional expenses $293,802 across 10 lines filed
IX-4 Benefits paid to or for membersPrograms $120,833$120,833
IX-7 Other salaries and wagesPrograms $46,970 · Management $10,379$57,349
IX-10 Payroll taxesPrograms $3,904 · Management $862$4,766
IX-11c Accounting feesManagement $16,280$16,280
IX-11g Other fees for servicesManagement $5,894$5,894
IX-13 Office expensesManagement $8,313$8,313
IX-22 Depreciation, depletion and amortizationPrograms $363 · Management $364$727
IX-23 InsuranceManagement $8,819$8,819
IX-24 Other expenses (24a–d)Programs $50,980 · Management $3,600 · Fundraising $10,954$65,534
IX-24e All other expensesPrograms $3,819 · Management $1,468$5,287
IX-25 Total functional expensesPrograms $226,869 · Management $55,979 · Fundraising $10,954$293,802
Part X · Balance sheet $932,699 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $849,019$932,699
X-16 Total assetsStart of year $849,019$932,699
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $849,019$932,699
X-32 Total net assets or fund balancesStart of year $849,019$932,699
X-33 Total liabilities and net assetsStart of year $849,019$932,699
Part XI · Reconciliation of net assets $932,699 net assets at year end
XI-1 Total revenue$377,482
XI-2 Total expenses$293,802
XI-3 Revenue less expenses$83,680
XI-4 Net assets at start of year$849,019
XI-10 Net assets at end of year$932,699

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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