philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Sbf Corporation FY2020 filing

Valley Stream, NYUnknown exempt organizationEIN 13-6737136

This page gets seen. Tell your story. Claim this org.

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

FY2020 · 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
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$14K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
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
$10.0M
Spent
$718K
Net assets
$109K
By yearFY2020–FY2021
Revenue
$10.0M
FY2020
Revenue by fiscal year
FY2020$10.0M
FY2021$56
Expenses
$718K
FY2020
Expenses by fiscal year
FY2020$718K
FY2021$688
Net assets
$109K
FY2020
Net assets by fiscal year
FY2020$109K
FY2021$0

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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.

Know this organization? Claim it to add your story

1 program service, described in the organization's own filed words · FY2020.
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

Run this program? Claim this org to tell your story

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$10.0M
Ln 12
Investment incomeLn 3$9.7M
Fees for servicesLn 2g$264K
Other incomeLn 4–11$38K
Money outPt IX
$718K
Ln 25
Owns and owesPt X
$109K
net assets · Ln 32
Cash and savingsLn 1–2$104K
Total assetsLn 16$123K
LiabilitiesLn 26$14K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$264K
Investment incomeLn 3$9.7M
Other incomeLn 4–11$38K
Gains on assetsLn 7$9.7M
Total revenueLn 12$10.0M
Assets in detailPt X, end of year
CashLn 1$104K
Cash and savings togetherLn 1–2$104K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$123K
LiabilitiesLn 26$14K
Net assetsLn 32$109K
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 FY20End FY20
Cash and savingsLn 1–2$13K$104K
Land, buildings, equipmentLn 10c$586K$0
Total assetsLn 16$709K$123K
LiabilitiesLn 26$50K$14K
Net assetsLn 32$659K$109K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$18K
Other employee benefitsLn 9$27K
Legal feesLn 11b$67K
Accounting feesLn 11c$10K
Other fees for servicesLn 11g$260K
Office expensesLn 13$2K
OccupancyLn 16$270K
Depreciation, depletion and amortizationLn 22$15K
InsuranceLn 23$12K
Other expenses (24a–d)Ln 24$38K
Total functional expensesLn 25$718K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $56$688−$632$0 990 PDF
FY2020 Viewing $10.0M$718K$9.3M$109K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 $10,032,892 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $264,322$264,322
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,730,678$9,730,678
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $37,892$37,892
VIII-12 Total revenueRelated to mission $302,214 · Unrelated business $0 · Excluded from tax $9,730,678$10,032,892
Part IX · Statement of functional expenses $718,280 across 10 lines filed
IX-7 Other salaries and wages$18,002
IX-9 Other employee benefits$27,020
IX-11b Legal fees$67,175
IX-11c Accounting fees$9,600
IX-11g Other fees for services$260,000
IX-13 Office expenses$1,798
IX-16 Occupancy$270,365
IX-22 Depreciation, depletion and amortization$15,034
IX-23 Insurance$11,589
IX-24 Other expenses (24a–d)$37,697
IX-25 Total functional expenses$718,280
Part X · Balance sheet $122,625 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $13,295$104,428
X-4 Accounts receivableStart of year $3,729$10,831
X-9 Prepaid expenses and deferred chargesStart of year $95,866$7,366
X-10c Land, buildings and equipment, netStart of year $586,001$0
X-15 Other assetsStart of year $10,000$0
X-16 Total assetsStart of year $708,891$122,625
X-17 Accounts payable and accrued expensesStart of year $14,680$13,802
X-25 Other liabilitiesStart of year $35,000$0
X-26 Total liabilitiesStart of year $49,680$13,802
X-32 Total net assets or fund balancesStart of year $659,211$108,823
X-33 Total liabilities and net assetsStart of year $708,891$122,625
Part XI · Reconciliation of net assets $108,823 net assets at year end
XI-1 Total revenue$10,032,892
XI-2 Total expenses$718,280
XI-3 Revenue less expenses$9,314,612
XI-4 Net assets at start of year$659,211
XI-9 Other changes in net assets−$9,865,000
XI-10 Net assets at end of year$108,823

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

Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.