Correctional Security Trust Benefit Fund

Not tax-deductible

Plattsburgh, NYMutual-benefit / member-servingMutual/Membership EIN 14-1742942Revenue $275K in FY2024

On file with the IRSPo Box 869, 12901-0869 · Plattsburgh, NYTax-exempt since Aug 2017

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To protect members and ensure continued coverage and protection of quality health care during times on leave without pay.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $86K a year · 36% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
42 mo
of spending, in cash
Plus $1.2M in investments, Pt X · Ln 11–13
Looks good: 41.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$275K
+19% vs prior year
Spent
$151K
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$275K
FY2024▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$226K
FY2021$248K
FY2022$226K
FY2023$230K
FY2024$275K
Expenses
$151K
FY2024▼ -32%
Tap a bar for its year
Expenses by fiscal year
FY2020$121K
FY2021$101K
FY2022$181K
FY2023$220K
FY2024$151K
Net assets
$1.7M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.5M
FY2022$1.4M
FY2023$1.5M
FY2024$1.7M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2015-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Aug 2017.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Trustee
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Correctional Security Trust Benefit 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

Ensures members keep health coverage and protection during unpaid leave.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

To protect members and ensure continued coverage and protection of quality health care while employed without pay.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$275K
Ln 12
Fees for servicesLn 2g$174K
Investment incomeLn 3$101K
Money outPt IX
$151K
Ln 25
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$520K
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$174K
Investment incomeLn 3$101K
Gains on assetsLn 7$84K
Total revenueLn 12$275K
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$512K
Cash and savings togetherLn 1–2$520K
InvestmentsLn 11–13$1.2M
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
Net assetsLn 32$1.7M
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 FY24End FY24
Cash and savingsLn 1–2$496K$520K
InvestmentsLn 11–13$992K$1.2M
Total assetsLn 16$1.5M$1.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.5M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$98K
Legal feesLn 11b$375
Accounting feesLn 11c$17K
Other fees for servicesLn 11g$15K
Office expensesLn 13$8K
OccupancyLn 16$7K
InsuranceLn 23$401
Other expenses (24a–d)Ln 24$6K
Total functional expensesLn 25$151K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $275K$151K$124K$1.7M 990 PDF
FY2023 $230K$220K$10K$1.5M 990 PDF
FY2022 $226K$181K$45K$1.4M 990 PDF
FY2021 $248K$101K$147K$1.5M 990 PDF
FY2020 $226K$121K$104K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $274,879 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $175,510$173,874
I-10 Investment incomePrior year $54,857$101,005
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $230,367$274,879
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $163,762$97,684
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $56,147$52,873
I-18 Total expensesPrior year $219,909$150,557
I-19 Revenue less expensesPrior year $10,458$124,322
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $274,879 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $173,874$173,874
VIII-3 Investment incomeExcluded from tax $17,161$17,161
VIII-7 Net gain or loss on sales of assetsExcluded from tax $83,844$83,844
VIII-12 Total revenueRelated to mission $173,874 · Unrelated business $0 · Excluded from tax $101,005$274,879
Part IX · Statement of functional expenses $150,557 across 8 lines filed
IX-4 Benefits paid to or for members$97,684
IX-11b Legal fees$375
IX-11c Accounting fees$16,705
IX-11g Other fees for services$15,184
IX-13 Office expenses$7,739
IX-16 Occupancy$6,732
IX-23 Insurance$401
IX-24 Other expenses (24a–d)$5,737
IX-25 Total functional expenses$150,557
Part X · Balance sheet $1,711,596 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $8,194$7,802
X-2 Savings and temporary cash investmentsStart of year $487,859$512,494
X-11 Publicly traded securitiesStart of year $992,419$1,191,300
X-16 Total assetsStart of year $1,488,472$1,711,596
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,488,472$1,711,596
X-33 Total liabilities and net assetsStart of year $1,488,472$1,711,596
Part XI · Reconciliation of net assets $1,711,596 net assets at year end
XI-1 Total revenue$274,879
XI-2 Total expenses$150,557
XI-3 Revenue less expenses$124,322
XI-4 Net assets at start of year$1,488,472
XI-5 Net unrealized gains (losses) on investments$98,802
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,711,596

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

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