Sbf Corporation

Valley Stream, NYUnknown exempt organizationEIN 13-6737136

To acquire, hold and operate investment in real estate for the sole benefit, and as a nominee of the local 22 health benefit fund (formerly amalgamated, industrial and toy & novelty workers of america local 223 sick benefit fund).

Mission: Form 990 Part I, line 1

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $4.7M a year · 93% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$56
-100% vs prior year
Spent
$688
Net assets
$0
By yearFY2020–FY2021
Revenue
$56
FY2021▼ -100%
Revenue by fiscal year
FY2020$10.0M
FY2021$56
Expenses
$688
FY2021▼ -100%
Expenses by fiscal year
FY2020$718K
FY2021$688
Net assets
$0
FY2021▼ -100%
Net assets by fiscal year
FY2020$109K
FY2021$0

From the FY2021 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sbf Corporation 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

Acquires and operates real estate investments solely for the benefit of the Local 22 Health Benefit Fund.

Provided by the organization

This section is blank until Sbf Corporation claims this page.

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1 program service, described in the organization's own filed words · FY2021.
01

Acquire, hold and operate investment in real estate for the sole benefit, and as a nominee of the local 22 health benefit fund (formerly amalgamated, industrial and toy & novelty workers of america local 223 sick benefit fund)

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$56
Ln 12
Other incomeLn 4–11$56
Money outPt IX
$688
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$56
Total revenueLn 12$56
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$104K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$123K$0
LiabilitiesLn 26$14K$0
Net assetsLn 32$109K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$688
Total functional expensesLn 25$688

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $56$688−$632$0 990 PDF
FY2020 $10.0M$718K$9.3M$109K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $56 across 2 lines filed
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $56$56
VIII-12 Total revenueRelated to mission $56 · Unrelated business $0 · Excluded from tax $0$56
Part IX · Statement of functional expenses $688 across 1 line filed
IX-13 Office expenses$688
IX-25 Total functional expenses$688
Part X · Balance sheet $0 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $104,428$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $10,831$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $7,366$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $122,625$0
X-26 Total liabilitiesStart of year $13,802$0
X-32 Total net assets or fund balancesStart of year $108,823$0
X-33 Total liabilities and net assetsStart of year $122,625$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$56
XI-2 Total expenses$688
XI-3 Revenue less expenses−$632
XI-4 Net assets at start of year$108,823
XI-9 Other changes in net assets−$108,191
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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