Csa Welfare Fund FY2020 filing

Not tax-deductible

New York, NYMutual-benefit / member-servingSince 1966EIN 13-6203811

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To provide medical and health benefits to members.

89¢ of each $1 spent went to programs.
$222K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
4 of 5
filings with a surplus
Average surplus $1.5M a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$222K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.1M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.7M
Spent
$12.4M
To programs
89%
Net assets
$16.3M
By yearFY2020–FY2024
Revenue
$15.7M
FY2020
Revenue by fiscal year
FY2020$15.7M
FY2021$15.3M
FY2022$15.1M
FY2023$13.6M
FY2024$13.9M
FY2024$14.1M
Expenses
$12.4M
FY2020
Expenses by fiscal year
FY2020$12.4M
FY2021$12.7M
FY2022$12.8M
FY2023$13.0M
FY2024$15.5M
FY2024$15.9M
Net assets
$16.3M
FY2020
Net assets by fiscal year
FY2020$16.3M
FY2021$18.8M
FY2022$17.5M
FY2023$18.4M
FY2024$18.9M
FY2024$17.7M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1966.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $11.0M Management & general 11% · $1.4M

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; $222K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Plan Administrator
$222,209Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2021FY2020
Douglas Hathaway——$232,539$222,209
Susan Barone$213,243$174,795——
Glenda Harry$188,809$186,362——

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.

See Csa Welfare Fund executive salaries →

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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

Offers medical and health benefits to members.

Provided by the organization

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1 program service account for $11.0M of program spending, described in the organization's own filed words · FY2019.
01

Provided medical and health benefits to approximately 6,608MEMBERS

$11.0Mprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$15.7M
Ln 12
Fees for servicesLn 2g$15.3M
Investment incomeLn 3$328K
Other incomeLn 4–11$4K
Money outPt IX
$12.4M
Ln 25
Programscol B$11.0M
Managementcol C$1.4M
Owns and owesPt X
$16.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$19.3M
LiabilitiesLn 26$3.1M
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$15.3M
Investment incomeLn 3$328K
Other incomeLn 4–11$4K
Gains on assetsLn 7$45K
Total revenueLn 12$15.7M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$4K
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$11.1M
Land, buildings, equipmentLn 10c$21K
Other assetsLn 15$1.2M
Total assetsLn 16$19.3M
LiabilitiesLn 26$3.1M
Net assetsLn 32$16.3M
OperationsPt I, VI
EmployeesI 514
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$945K$1.4M
InvestmentsLn 11–13$10.5M$11.1M
Land, buildings, equipmentLn 10c$12K$21K
Total assetsLn 16$14.3M$19.3M
LiabilitiesLn 26$1.7M$3.1M
Net assetsLn 32$12.7M$16.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$11.0M$11.0M
Pay of current officers, directors and key staffLn 5$381K$381K
Other salaries and wagesLn 7$785K$785K
Other employee benefitsLn 9$344K$344K
Payroll taxesLn 10$86K$86K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$52K$52K
Investment management feesLn 11f$20K$20K
Other fees for servicesLn 11g$31K$31K
Office expensesLn 13$41K$41K
OccupancyLn 16$217K$217K
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$14K$14K
InsuranceLn 23$54K$54K
Other expenses (24a–d)Ln 24$408K$408K
All other expensesLn 24e−$1.1M−$1.1M
Total functional expensesLn 25$12.4M$11.0M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $13.9M$15.5M−$1.6M$18.9M 990 PDF
FY2023 $13.6M$13.0M$651K$18.4M 990 PDF
FY2022 $15.1M$12.8M$2.4M$17.5M 990 PDF
FY2021 $15.3M$12.7M$2.6M$18.8M 990 PDF
FY2020 Viewing $15.7M$12.4M$3.2M$16.3M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $15,655,517 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,324,119$15,324,119
VIII-3 Investment incomeRelated to mission $282,207$282,207
VIII-7 Net gain or loss on sales of assetsRelated to mission $45,393$45,393
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,798$3,798
VIII-12 Total revenueRelated to mission $15,655,517 · Unrelated business $0 · Excluded from tax $0$15,655,517
Part IX · Statement of functional expenses $12,408,878 across 16 lines filed
IX-4 Benefits paid to or for membersPrograms $11,032,634$11,032,634
IX-5 Pay of current officers, directors and key staffManagement $380,982$380,982
IX-7 Other salaries and wagesManagement $785,002$785,002
IX-9 Other employee benefitsManagement $344,409$344,409
IX-10 Payroll taxesManagement $85,774$85,774
IX-11b Legal feesManagement $7,200$7,200
IX-11c Accounting feesManagement $52,245$52,245
IX-11f Investment management feesManagement $20,265$20,265
IX-11g Other fees for servicesManagement $30,900$30,900
IX-13 Office expensesManagement $40,919$40,919
IX-16 OccupancyManagement $216,992$216,992
IX-19 Conferences, conventions and meetingsManagement $3,720$3,720
IX-22 Depreciation, depletion and amortizationManagement $14,108$14,108
IX-23 InsuranceManagement $54,499$54,499
IX-24 Other expenses (24a–d)Management $408,218$408,218
IX-24e All other expensesManagement −$1,068,989−$1,068,989
IX-25 Total functional expensesPrograms $11,032,634 · Management $1,376,244 · Fundraising $0$12,408,878
Part X · Balance sheet $19,307,495 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $943,081$1,423,804
X-2 Savings and temporary cash investmentsStart of year $2,176$4,497
X-4 Accounts receivableStart of year $1,075,953$5,496,988
X-10c Land, buildings and equipment, netStart of year $11,864$21,172
X-11 Publicly traded securitiesStart of year $10,493,427$11,149,750
X-15 Other assetsStart of year $1,811,307$1,211,284
X-16 Total assetsStart of year $14,337,808$19,307,495
X-17 Accounts payable and accrued expensesStart of year $76,815$151,930
X-25 Other liabilitiesStart of year $1,604,815$2,898,243
X-26 Total liabilitiesStart of year $1,681,630$3,050,173
X-32 Total net assets or fund balancesStart of year $12,656,178$16,257,322
X-33 Total liabilities and net assetsStart of year $14,337,808$19,307,495
Part XI · Reconciliation of net assets $16,257,322 net assets at year end
XI-1 Total revenue$15,655,517
XI-2 Total expenses$12,408,878
XI-3 Revenue less expenses$3,246,639
XI-4 Net assets at start of year$12,656,178
XI-5 Net unrealized gains (losses) on investments$354,505
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,257,322

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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