Union Mutual Foundation FY2020 filing

Tenafly, NJUnknown exempt organizationEIN 23-7358092Revenue $9K in FY2020

On file with the IRS82 North Summit Street · Tenafly, NJ

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54¢ of each $1 spent went to programs.
$2K paid to officers and key staff.
Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $30K a year · 234% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9K
Spent
$47K
To programs
54%
Net assets
$58K
By yearFY2020–FY2023
Revenue
$9K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$9K
FY2021$16K
FY2022$13K
FY2023$6K
Expenses
$47K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$47K
FY2021$38K
FY2022Not on file
FY2023Not on file
Net assets
$58K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$58K
FY2021$37K
FY2022$23K
FY2023$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 (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $25K Management & general 46% · $22K

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

3 people listed on the 990; $2K paid to officers and key staff.

Part VII, Section A · reportable compensation
$500Pt VII · Sec A
$500Pt VII · Sec A
$500Pt VII · Sec A

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

NameFY2023FY2022FY2021FY2020
Stanley Gollins$500$500$500$500
Aurea Medina$500$500$500$500
Joseph Greenbaum———$500

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 Union Mutual Foundation 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

Union Mutual Foundation is a nonprofit organization based in Tenafly, NJ.

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Provided by the organization

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1 program · $25K · in their own filed words · FY2020
01

Research, preparation, printing, and distribution of a monthly newsletter that reports news briefs and cutting edge medical information of interest to retired persons. It is hoped that the knowledge gained from this newsletter will enhance and prolong the lives of its readers by many years by making them more informed about nutrition…

$25Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$9K
Ln 12
Gifts and grantsLn 1h$12K
Investment incomeLn 3$1K
Money outPt IX
$47K
Ln 25
Programscol B$25K
Managementcol C$22K
Owns and owesPt X
$58K
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$65K
LiabilitiesLn 26$7K
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Investment incomeLn 3$1K
Gains on assetsLn 7−$9K
Total revenueLn 12$9K
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$9K
InvestmentsLn 11–13$53K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$2K
Total assetsLn 16$65K
LiabilitiesLn 26$7K
Net assetsLn 32$58K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$14K$9K
InvestmentsLn 11–13$82K$53K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$98K$65K
LiabilitiesLn 26$14K$7K
Net assetsLn 32$84K$58K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$2K$2K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$775$775
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$2K$2K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$97$97
Other expenses (24a–d)Ln 24$28K$23K$5K
All other expensesLn 24e$9K$2K$6K
Total functional expensesLn 25$47K$25K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $6K$0 990 PDF
FY2022 $13K$23K 990 PDF
FY2021 $16K$38K−$22K$37K 990 PDF
FY2020 Viewing $9K$47K−$38K$58K 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 (6 parts)
Part I · Summary $9,449 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $57,000$12,000
I-9 Program service revenuePrior year $7,693$0
I-10 Investment incomePrior year $5,620−$7,551
I-11 Other revenue$5,000
I-12 Total revenuePrior year $70,313$9,449
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,120$1,500
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $91,505$45,511
I-18 Total expensesPrior year $92,625$47,011
I-19 Revenue less expensesPrior year −$22,312−$37,562
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $9,449 across 9 lines filed
VIII-1f All other contributions, gifts and grants$12,000
VIII-1h Total contributions, gifts and grants$12,000
VIII-3 Investment incomeExcluded from tax $1,275$1,275
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission −$8,826−$8,826
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,000$5,000
VIII-12 Total revenueRelated to mission −$3,826 · Excluded from tax $1,275$9,449
Part IX · Statement of functional expenses $47,011 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $1,500$1,500
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $6,000$6,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $775$775
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $2,156$2,156
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $97$97
IX-24 Other expenses (24a–d)Programs $23,024 · Management $4,731$27,755
IX-24e All other expensesPrograms $2,228 · Management $6,500$8,728
IX-25 Total functional expensesPrograms $25,252 · Management $21,759 · Fundraising $0$47,011
Part X · Balance sheet $64,915 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $7,414$8,068
X-2 Savings and temporary cash investmentsStart of year $6,108$1,160
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $180$180
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $82,003$53,224
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $2,467$2,283
X-16 Total assetsStart of year $98,172$64,915
X-17 Accounts payable and accrued expensesStart of year $14,242$7,131
X-26 Total liabilitiesStart of year $14,242$7,131
X-27 Net assets without donor restrictionsStart of year $83,930$57,784
X-32 Total net assets or fund balancesStart of year $83,930$57,784
X-33 Total liabilities and net assetsStart of year $98,172$64,915
Part XI · Reconciliation of net assets $57,784 net assets at year end
XI-1 Total revenue$9,449
XI-2 Total expenses$47,011
XI-3 Revenue less expenses−$37,562
XI-4 Net assets at start of year$83,930
XI-5 Net unrealized gains (losses) on investments$11,416
XI-10 Net assets at end of year$57,784

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

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