Skip to content
Nonprofiteer
← RIVERHEAD CENTRAL FACULTY ASSOCIATION BENEFIT TRUST FUND

Form 990 for tax year 2023

Filed by RIVERHEAD CENTRAL FACULTY ASSOCIATION BENEFIT TRUST FUND.

Totals

Total revenue
$966,189
Total expenses
$863,931
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$925,753
Investment income
$40,436
Other revenue
$0
Total assets, end of year
$1,722,481
Total liabilities, end of year
$103,676
Net assets or fund balances, end of year
$1,618,805
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: DISTRICT CONTRIBUTIONS

    total $837,988 · related or exempt $837,988

  • 2b · Program service revenue: RETIREE & VOLUNTARY LIFE

    total $37,796 · related or exempt $37,796

  • 2c · Program service revenue: RETIREE - DENTAL

    total $31,460 · related or exempt $31,460

  • 2d · Program service revenue: LONG TERM DISABILITY

    total $18,509 · related or exempt $18,509

  • 3 · Investment income

    total $40,436 · related or exempt $40,436

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $752,634

  • 5 · Compensation of officers, directors and key employees

    total $30,500

  • 11b · Fees: legal

    total $8,000

  • 11c · Fees: accounting

    total $10,375

  • 11f · Fees: investment management

    total $10,812

  • 13 · Office expenses

    total $1,102

  • 16 · Occupancy

    total $15,981

  • 22 · Depreciation, depletion and amortization

    total $973

  • 23 · Insurance

    total $1,462

  • 24a · Other expenses: DENTAL ADMINISTRATIVE FEE

    total $26,757

  • 24b · Other expenses: TELEPHONE/INTERNET

    total $2,089

  • 24c · Other expenses: TRAVEL

    total $1,221

  • 24d · Other expenses: UTILITIES

    total $833

  • 24e · All other expenses

    total $1,192

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $312,546 · end of year $240,682

  • 2 · Savings and temporary cash investments

    beginning of year $9,255 · end of year $23,379

  • 10a · Land, buildings and equipment: cost or other basis

    $7,303

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,469

  • 10c · Land, buildings and equipment, net

    beginning of year $1,221 · end of year $1,834

  • 11 · Investments: publicly traded securities

    beginning of year $1,216,795 · end of year $1,398,010

  • 15 · Other assets

    beginning of year $27,156 · end of year $58,576

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,656 · end of year $18,218

  • 25 · Other liabilities

    beginning of year $81,376 · end of year $85,458

  • 27 · Net assets without donor restrictions

    beginning of year $1,454,941 · end of year $1,618,805

Mission and programs · 2023

Mission

TO RESEARCH, PROVIDE AND ADMINISTER BENEFITS TO THE MEMBERS OF THE RIVERHEAD CENTRAL FACULTY ASSOCIATION.

Activities or mission (Part I)

TO PROVIDE BENEFITS TO THE MEMBERS OF THE RIVERHEAD CENTRAL FACULTY ASSOCIATION.

  • DENTAL BENEFITS AVAILABLE TO ALL MEMBERS AND THEIR ELIGIBLE DEPENDENTS. LIFE INSURANCE AVAILABLE TO ALL MEMBERS. LEGAL BENEFITS AVAILABLE TO ALL MEMBERS AND THEIR ELIGIBLE DEPENDENTS. FINANCIAL COUNSELING AND HEALTH COUNSELING SERVICES AVAILABLE TO ALL MEMBERS AND THEIR ELIGIBLE DEPENDENTS. BURIAL BENEFIT IS AVAILABLE TO ELIGIBLE MEMBER SPOUSES AND ELIGIBLE CHILDREN. A WELLNESS BENEFIT AVAILABLE TO ALL ELIGIBLE MEMBERS. A VOLUNTARY SELF-PAY LONG-TERM DISABILITY BENEFIT IS AVAILABLE TO ALL MEMBERS. A RETIREE AND VOLUNTARY LIFE INSURANCE BENEFIT IS AVAILABLE TO ALL MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • GREGORY WALLACE

    CHAIRPERSON

    Total calculated
    $34,732
    From this org
    $12,000
    From related orgs
    $22,732
    Other
    $0
    Hours/week
    10

  • ROBERT BRANDI

    TREASURER

    Total calculated
    $16,307
    From this org
    $10,000
    From related orgs
    $6,307
    Other
    $0
    Hours/week
    10

  • JENN SIMOES

    TRUSTEE

    Total calculated
    $12,482
    From this org
    $2,750
    From related orgs
    $9,732
    Other
    $0
    Hours/week
    2

  • MARISA DESERIO

    TRUSTEE

    Total calculated
    $10,807
    From this org
    $2,750
    From related orgs
    $8,057
    Other
    $0
    Hours/week
    2

  • ALYSON GROSSMAN

    TRUSTEE

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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.

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
2023
Filed
11 February 2025
IRS schema version
2023v6.0
Source object
202531329349305803

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.