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Neshaminy School District Workers' Compensation Trust FY2021 filing

Tax-deductible

Kng of Prussa, PA501(c)(3)Since 1995EducationEIN 23-7816151Revenue $550K in FY2021

On file with the IRS200 N Warner Rd Ste 240, 19406-2841 · Kng of Prussa, PATax-exempt since Jan 1996Supporting organization — 509(a)(3)

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The Trust was established for the purpose of providing a source of funds and maintaining adequate reserves for the payment of workers Compensation benefits and associated claims.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $61K a year · 15% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
46 mo
of spending, in cash
Looks good: 45.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$606K
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$550K
Spent
$228K
To programs
95%
Net assets
$267K
By yearFY2021–FY2025
Revenue
$550K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$550K
FY2022$965
FY2023$509K
FY2024$468K
FY2025$557K
Expenses
$228K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$228K
FY2022$413K
FY2023$639K
FY2024$551K
FY2025$557K
Net assets
$267K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$267K
FY2022−$78K
FY2023−$501K
FY2024−$636K
FY2025−$604K

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1996.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $216K Management & general 5% · $12K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Greg Famous
President
$0Pt VII · Sec A
See Neshaminy School District Workers' Compensation Trust 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

Provides funds for school district workman's compensation claims.

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Provided by the organization

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1 program · $216K · in their own filed words · FY2020
01

This trust was established for the purpose of providing a source of funds and maintaining adequate reserves for the payment of workers' compensation benefits and associated claims.

$216Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2021 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$550K
Ln 12
Fees for servicesLn 2g$549K
Investment incomeLn 3$1K
Money outPt IX
$228K
Ln 25
Programscol B$216K
Managementcol C$12K
Owns and owesPt X
$267K
net assets · Ln 32
Cash and savingsLn 1–2$873K
Total assetsLn 16$873K
LiabilitiesLn 26$606K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$549K
Investment incomeLn 3$1K
Total revenueLn 12$550K
Assets in detailPt X, end of year
SavingsLn 2$873K
Cash and savings togetherLn 1–2$873K
Total assetsLn 16$873K
LiabilitiesLn 26$606K
Net assetsLn 32$267K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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$552K$873K
Total assetsLn 16$552K$873K
LiabilitiesLn 26$268K$606K
Net assetsLn 32$284K$267K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$163K$163K
Management feesLn 11a$11K$11K
Legal feesLn 11b$12K$12K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$21K$21K
Other expenses (24a–d)Ln 24$17K$17K
Total functional expensesLn 25$228K$216K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $557K$557K−$499−$604K 990 PDF
FY2024 $468K$551K−$83K−$636K 990 PDF
FY2023 $509K$639K−$130K−$501K 990 PDF
FY2022 $965$413K−$412K−$78K 990 PDF
FY2021 Viewing $550K$228K$321K$267K 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 (6 parts)
Part I · Summary $549,857 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $670,692$548,748
I-10 Investment incomePrior year $5,659$1,109
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $676,351$549,857
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $236,092$162,806
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $180,682$65,553
I-18 Total expensesPrior year $416,774$228,359
I-19 Revenue less expensesPrior year $259,577$321,498
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
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 $549,857 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $548,748$548,748
VIII-3 Investment incomeExcluded from tax $1,109$1,109
VIII-12 Total revenueRelated to mission $548,748 · Unrelated business $0 · Excluded from tax $1,109$549,857
Part IX · Statement of functional expenses $228,359 across 6 lines filed
IX-4 Benefits paid to or for membersPrograms $162,806$162,806
IX-11a Management feesPrograms $10,992$10,992
IX-11b Legal feesManagement $12,113$12,113
IX-11f Investment management feesPrograms $5,239$5,239
IX-11g Other fees for servicesPrograms $20,664$20,664
IX-24 Other expenses (24a–d)Programs $16,545$16,545
IX-25 Total functional expensesPrograms $216,246 · Management $12,113 · Fundraising $0$228,359
Part X · Balance sheet $873,041 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $551,543$873,041
X-16 Total assetsStart of year $551,543$873,041
X-25 Other liabilitiesStart of year $268,004$605,619
X-26 Total liabilitiesStart of year $268,004$605,619
X-32 Total net assets or fund balancesStart of year $283,539$267,422
X-33 Total liabilities and net assetsStart of year $551,543$873,041
Part XI · Reconciliation of net assets $267,422 net assets at year end
XI-1 Total revenue$549,857
XI-2 Total expenses$228,359
XI-3 Revenue less expenses$321,498
XI-4 Net assets at start of year$283,539
XI-9 Other changes in net assets−$337,615
XI-10 Net assets at end of year$267,422

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

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