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← ADMINSTRATIVE FUND OF THE DETECTIVES ENDOWMENT ASSOC INC POL

Form 990 for tax year 2022

Filed by ADMINSTRATIVE FUND OF THE DETECTIVES ENDOWMENT ASSOC INC POL.

Totals

Total revenue
$19,394,707
Total expenses
$41,560,952
Contributions and grants received
$78,984
Grants paid
$0
Program service revenue
$12,055,311
Investment income
$6,814,211
Other revenue
$446,201
Total assets, end of year
$94,517,641
Total liabilities, end of year
$9,556,130
Net assets or fund balances, end of year
$84,961,511
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.

  • 1e · Government grants (contributions)

    $78,984

  • 2a · Program service revenue: UNIFORM ALLOWANCE

    total $8,386,280 · related or exempt $8,386,280

  • 2b · Program service revenue: RETIRED EMPLOYER CONTRIBUTIONS

    total $2,423,571 · related or exempt $2,423,571

  • 2c · Program service revenue: ACTIVE EMPLOYER CONTRIBUTIONS

    total $1,194,412 · related or exempt $1,194,412

  • 2d · Program service revenue: W&C REIMBURSED BENEFITS

    total $38,857 · related or exempt $38,857

  • 2e · Program service revenue: OTHER CONTRIBUTIONS

    total $12,191 · related or exempt $12,191

  • 3 · Investment income

    total $2,581,222 · excluded $2,581,222

  • 7a · Gross sales of assets other than inventory

    securities $56,757,667

  • 7b · Less cost or other basis and sales expenses

    securities $52,524,678

  • 7c · Gain or loss

    securities $4,232,989

  • 7d · Net gain or loss

    total $4,232,989 · excluded $4,232,989

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $250,000 · excluded $250,000

  • 11b · Other revenue: REIMBURSEMENT FROM RELATED PARTY

    total $173,938 · excluded $173,938

  • 11c · Other revenue: OTHER INCOME

    total $22,263 · excluded $22,263

  • 11e · Other revenue, total

    $446,201

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $37,187,886

  • 5 · Compensation of officers, directors and key employees

    total $433,427

  • 7 · Other salaries and wages

    total $215,391

  • 8 · Pension plan contributions

    total $6,000

  • 9 · Other employee benefits

    total $112,205

  • 10 · Payroll taxes

    total $49,523

  • 11b · Fees: legal

    total $245,812

  • 11c · Fees: accounting

    total $68,086

  • 11f · Fees: investment management

    total $240,599

  • 11g · Fees: other

    total $2,475,614

  • 13 · Office expenses

    total $45,161

  • 14 · Information technology

    total $78,259

  • 16 · Occupancy

    total $120,000

  • 20 · Interest

    total $44,193

  • 23 · Insurance

    total $57,473

  • 24a · Other expenses: O/H ALLOC OF SHARED EXP

    total $181,323

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,274,296 · end of year $2,239,231

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,082 · end of year $26,335

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

    $13,276

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

    $13,276

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $121,289,651 · end of year $83,272,552

  • 15 · Other assets

    beginning of year $5,333,921 · end of year $8,979,523

  • 17 · Accounts payable and accrued expenses

    beginning of year $145,733 · end of year $1,011,937

  • 25 · Other liabilities

    beginning of year $0 · end of year $8,544,193

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $131,777,217 · end of year $84,961,511

Mission and programs · 2022

Mission

TO COLLECT EMPLOYER CONTRIBUTIONS RECEIVED PURSUANT TO A COLLECTIVE BARGAINING AGREEMENT BETWEEN THE DETECTIVES' ENDOWMENT ASSOCIATION, INC. AND THE CITY OF NEW YORK, REMIT THESE CONTRIBUTIONS TO THE DETECTIVES' ENDOWMENT ASSOCIATION, INC.'S BENEFIT PLANS, AND PAY ALL ADMINISTRATIVE EXPENSES FOR THOSE PLANS.

  • TO COLLECT EMPLOYER CONTRIBUTIONS RECEIVED PURSUANT TO A COLLECTIVE BARGAINING AGREEMENT BETWEEN THE DETECTIVES' ENDOWMENT ASSOCIATION, INC. AND THE CITY OF NEW YORK, REMIT THESE CONTRIBUTIONS TO THE DETECTIVES' ENDOWMENT ASSOCIATION, INC.'S BENEFIT PLANS, AND PAY ALL ADMINISTRATIVE EXPENSES FOR THOSE PLANS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Paul Digiacomo

    CHAIRMAN

    Total calculated
    $106,284
    From this org
    $0
    From related orgs
    $106,284
    Other
    $0
    Hours/week
    1 + 39 related

  • Paul Morrison

    TRUSTEE

    Total calculated
    $80,057
    From this org
    $0
    From related orgs
    $80,057
    Other
    $0
    Hours/week
    1 + 39 related

  • Jeffrey A Ward

    TRUSTEE

    Total calculated
    $71,074
    From this org
    $0
    From related orgs
    $71,074
    Other
    $0
    Hours/week
    1 + 39 related

  • Scott Munro

    TRUSTEE

    Total calculated
    $69,854
    From this org
    $0
    From related orgs
    $69,854
    Other
    $0
    Hours/week
    1 + 39 related

  • Carmine Russo

    EXECUTIVE DIRECTOR

    Total calculated
    $250,646
    From this org
    $212,561
    From related orgs
    $0
    Other
    $38,085
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $212,561
    Bonus
    $0
    Other
    $0
    Deferred
    $2,000
    Nontaxable benefits
    $36,085
    Filer's total
    $250,646

  • Sharon Robertson

    FUND ADMINISTRATOR

    Total calculated
    $182,781
    From this org
    $161,745
    From related orgs
    $0
    Other
    $21,036
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $161,745
    Bonus
    $0
    Other
    $0
    Deferred
    $2,000
    Nontaxable benefits
    $19,036
    Filer's total
    $182,781

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

  • 3 · Approval by the board or compensation committee

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
21 September 2023
IRS schema version
2022v5.0
Source object
202322689349300422

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