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Smart Group Vstd Plan and Trust FY2021 filing

Not tax-deductible

Washington, DCMutual-benefit / member-servingSince 2010Mutual/MembershipEIN 27-6365479

Provides short term disability benefits to members

Mission: Form 990 Part I, line 1

Before you give

FY2021 · 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
2 of 5
filings with a surplus
Average surplus $56K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
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
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.4M
-2% vs prior year
Spent
$20.3M
Net assets
$11.7M
By yearFY2020–FY2024
Revenue
$15.4M
FY2021▼ -2%
Revenue by fiscal year
FY2020$15.7M
FY2021$15.4M
FY2022$14.1M
FY2023$21.8M
FY2024$23.9M
Expenses
$20.3M
FY2021▲ +10%
Expenses by fiscal year
FY2020$18.4M
FY2021$20.3M
FY2022$18.1M
FY2023$15.9M
FY2024$17.9M
Net assets
$11.7M
FY2021▼ -32%
Net assets by fiscal year
FY2020$17.3M
FY2021$11.7M
FY2022$6.2M
FY2023$12.9M
FY2024$19.6M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2011.

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Smart Group Vstd Plan and 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 15aYes

Programs and updates

Offers temporary financial help when members can't work.

Provided by the organization

This section is blank until Smart Group Vstd Plan and Trust claims this page.

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

Provides short term and long term disability benefits to members

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$15.4M
Ln 12
Fees for servicesLn 2g$12.5M
Investment incomeLn 3$1.7M
Other incomeLn 4–11$1.2M
Money outPt IX
$20.3M
Ln 25
Owns and owesPt X
$11.7M
net assets · Ln 32
Cash and savingsLn 1–2$977K
Total assetsLn 16$11.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$12.5M
Investment incomeLn 3$1.7M
Other incomeLn 4–11$1.2M
Gains on assetsLn 7$1.4M
Total revenueLn 12$15.4M
Assets in detailPt X, end of year
CashLn 1$977K
Cash and savings togetherLn 1–2$977K
InvestmentsLn 11–13$10.7M
Total assetsLn 16$11.7M
LiabilitiesLn 26$0
Net assetsLn 32$11.7M
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 FY21End FY21
Cash and savingsLn 1–2$5.7M$977K
InvestmentsLn 11–13$11.3M$10.7M
Total assetsLn 16$17.3M$11.7M
LiabilitiesLn 26$21K$0
Net assetsLn 32$17.3M$11.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$19.5M
Legal feesLn 11b$105K
Accounting feesLn 11c$15K
Investment management feesLn 11f$17K
Other fees for servicesLn 11g$620K
Office expensesLn 13$470
InsuranceLn 23$25K
Other expenses (24a–d)Ln 24$4K
Total functional expensesLn 25$20.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $23.9M$17.9M$6.0M$19.6M 990 PDF
FY2023 $21.8M$15.9M$5.9M$12.9M 990 PDF
FY2022 $14.1M$18.1M−$4.1M$6.2M 990 PDF
FY2021 Viewing $15.4M$20.3M−$4.9M$11.7M 990 PDF
FY2020 $15.7M$18.4M−$2.7M$17.3M 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 $15,396,977 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,527,649$12,527,649
VIII-3 Investment incomeExcluded from tax $230,769$230,769
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,420,194$1,420,194
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,218,365$1,218,365
VIII-12 Total revenueRelated to mission $13,746,014 · Unrelated business $0 · Excluded from tax $1,650,963$15,396,977
Part IX · Statement of functional expenses $20,254,162 across 8 lines filed
IX-4 Benefits paid to or for members$19,467,218
IX-11b Legal fees$104,854
IX-11c Accounting fees$15,000
IX-11f Investment management fees$17,413
IX-11g Other fees for services$620,387
IX-13 Office expenses$470
IX-23 Insurance$24,805
IX-24 Other expenses (24a–d)$4,015
IX-25 Total functional expenses$20,254,162
Part X · Balance sheet $11,681,944 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $5,729,175$977,485
X-4 Accounts receivableStart of year $217,103$39,215
X-12 Other securitiesStart of year $11,347,811$10,665,244
X-16 Total assetsStart of year $17,294,089$11,681,944
X-26 Total liabilitiesStart of year $21,430$0
X-32 Total net assets or fund balancesStart of year $17,272,659$11,681,944
X-33 Total liabilities and net assetsStart of year $17,294,089$11,681,944
Part XI · Reconciliation of net assets $11,681,944 net assets at year end
XI-1 Total revenue$15,396,977
XI-2 Total expenses$20,254,162
XI-3 Revenue less expenses−$4,857,185
XI-4 Net assets at start of year$17,272,659
XI-5 Net unrealized gains (losses) on investments−$733,530
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,681,944

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

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