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← THE CULTURAL INSTITUTIONS GROUP LIFE INSURANCE PLAN

Form 990 for tax year 2022

Filed by THE CULTURAL INSTITUTIONS GROUP LIFE INSURANCE PLAN.

Totals

Total revenue
$1,359,266
Total expenses
$1,277,558
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,314,825
Investment income
$44,441
Other revenue
$0
Total assets, end of year
$2,063,634
Total liabilities, end of year
$638,845
Net assets or fund balances, end of year
$1,424,789
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYERS CONTRIBUTION

    total $1,314,825 · related or exempt $1,314,825

  • 3 · Investment income

    total $44,441 · excluded $44,441

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,014,534

  • 11g · Fees: other

    total $27,663

  • 16 · Occupancy

    total $39,677

  • 23 · Insurance

    total $18,261

  • 24a · Other expenses: ALLOC SAL & PR BENEFITS

    total $177,423

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,857 · end of year $11,871

  • 2 · Savings and temporary cash investments

    beginning of year $1,799,367 · end of year $1,845,925

  • 4 · Accounts receivable

    beginning of year $51,456 · end of year $30,594

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,321 · end of year $14,728

  • 15 · Other assets

    beginning of year $0 · end of year $160,516

  • 17 · Accounts payable and accrued expenses

    beginning of year $162,382 · end of year $134,160

  • 19 · Deferred revenue

    beginning of year $364,538 · end of year $344,169

  • 25 · Other liabilities

    beginning of year $0 · end of year $160,516

  • 27 · Net assets without donor restrictions

    beginning of year $1,343,081 · end of year $1,424,789

Mission and programs · 2022

Mission

THE PRIMARY PURPOSE OF THE CULTURAL INSTITUTIONS GROUP LIFE AND WELFARE BENEFITS PLAN ("CIRS") IS TO PURCHASE LIFE INSURANCE FOR QUALIFYING EMPLOYEES OF VARIOUS PARTICIPATING CULTURAL INSTITUTIONS.

Activities or mission (Part I)

SEE SCHEDULE O.

  • PROVISION FOR AND THE PURCHASE OF LIFE INSURANCE OF QUALIFYING EMPLOYEES OF VARIOUS PARTICIPATING CULTURAL INSTITUTIONS.

As filed on the 2022 return.

Listed in Part VII

  • William Havemeyer

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.1
  • Bisha Nurse

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0.1
  • David B Scott Schiff

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0.1
  • David Paskin

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0.1
  • Florence Davis

    BOARD OF TRUSTEES THRU MAR 2023

    Total calculated
    $0
    Hours/week
    0.1
  • Jean Jeremie

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0.1
  • Melanie Hartzog

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0.1
  • Naeem Crawford-Muhammad

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0.1
  • Richard Jaffe

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0.1
  • Rose Locaglio-Miller

    BOARD OF TRUSTEES

    Total calculated
    $230,748
    From this org
    $0
    From related orgs
    $205,889
    Other
    $24,859
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,889 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,859 related
    Filer's total
    $0 + $230,748 related
  • Maureen T Scaduto

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1.7
  • Richard Scheer

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1.7
  • Juan Carlos Gohu

    COO THRU JULY 2022

    Total calculated
    $0
    Hours/week
    1.7
  • Rajiv Singh

    CHIEF INVESTMENT OFFICER

    Total calculated
    $0
    Hours/week
    1.7
  • Melissa Kolle

    ASSOCIATE DIRECTOR

    Total calculated
    $0
    Hours/week
    1.7

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202431309349304318

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