SMITHTOWN TEACHERS ASSOCIATION BENEFIT FUND: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: SMITHTOWN TEACHERS ASSOCIATION BENEFIT FUND (EIN 11-2475224)
Tax period: 2023-07-01 to 2024-06-30
Filed: 2024-11-14
IRS object ID: 202413199349301341
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-14T09:11:10-05:00	ReturnTs
Tax Period End	2024-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KAREN A CORLEY CPA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 998	AddressLine1Txt
City	MILLER PLACE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11764	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	112475224	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SMITHTOWN TEACHERS ASSOC	BusinessNameLine1Txt
Business Name Line2	BENEFIT TRUST	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	SMIT	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	26 NEW YORK AVE UNIT 2	AddressLine1Txt
City	SMITHTOWN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	117873499	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	KEELY SCHUPPERT	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	6312654218	PhoneNum
Signature	2024-11-08	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KAREN A CORLEY CPA	PreparerPersonNm
PTIN	P01314419	PTIN
Phone	6314283869	PhoneNum
Preparation	2024-11-13	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BRIAN GALGANO	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	SAME AS ABOVE	AddressLine1Txt
City	SMITHTOWN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11787	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$380,190	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Activity Or Mission	THE ORGANIZATION PROVIDES BENEFIT PROGRAMS FOR MEMBERS OF THE SMITHTOWN TEACHERS ASSOCIATION.	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	0	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$397,680	PYProgramServiceRevenueAmt
CY Program Service Revenue	$378,552	CYProgramServiceRevenueAmt
PY Investment Income	$2,350	PYInvestmentIncomeAmt
CY Investment Income	$1,638	CYInvestmentIncomeAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$400,030	PYTotalRevenueAmt
CY Total Revenue	$380,190	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$455,036	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$481,658	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$6,091	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$6,244	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$15,866	PYOtherExpensesAmt
CY Other Expenses	$15,635	CYOtherExpensesAmt
PY Total Expenses	$476,993	PYTotalExpensesAmt
CY Total Expenses	$503,537	CYTotalExpensesAmt
PY Revenues Less Expenses	-$76,963	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$123,347	CYRevenuesLessExpensesAmt
Total Assets BOY	$445,105	TotalAssetsBOYAmt
Total Assets EOY	$321,758	TotalAssetsEOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$445,105	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$321,758	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	TO COORIDINATE AND OVERSEE BENEFITS PLANS FOR THE MEMBERS OF THE SMITHTOWN TEACHERS ASSOCIATION.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$213,168	ExpenseAmt
Desc	THE FUND PROVIDES A VISION PLAN FOR THE MEMBERS OF THE SMITHTOWN	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$138,509	ExpenseAmt
Desc	THE PLAN PROVIDES A REIMBURSEMENT PLAN FOR UNCOVERED MEDICAL, DENTAL	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$60,248	ExpenseAmt
Desc	THE FUND PROVIDES LIFE INSURANCE FOR STA MEMBERS.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$69,733	TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses	$481,658	TotalProgramServiceExpensesAmt
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	false	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	false	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	false	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	0	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Excs Tax Sect4951 Or4952 Or4953	false	ExcsTaxSect4951Or4952Or4953Ind
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	7	GoverningBodyVotingMembersCnt
Independent Voting Member	0	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	false	ConflictOfInterestPolicyInd
Whistleblower Policy	false	WhistleblowerPolicyInd
Document Retention Policy	false	DocumentRetentionPolicyInd
Compensation Process CEO	false	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	KEELY SCHUPPERT	PersonNm
Phone	6312654218	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	26 NEW YORK AVE	AddressLine1Txt
City	SMITHTOWN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11787	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
BRIAN GALGANO
CHAIRPERSON	1	0	Yes (X)	$0	$0	$0
KEELY SCHUPPER
TREASURER	3	0	Yes (X)	$1,706	$0	$0
MATT FUREY
TRUSTEE	1	0	Yes (X)	$0	$0	$0
JAMIE KAPLAN
TRUSTEE	1	0	Yes (X)	$0	$0	$0
L MINCIELI
TRUSTEE	1	0	Yes (X)	$0	$0	$0
L SPENCER
TRUSTEE	1	0	Yes (X)	$0	$0	$0
M ZARTLETR
TRUSTEE	1	0	Yes (X)	$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,706	TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	false	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ALLOCATION FR DIST	$375,800	$375,800
PREMIUM REFUND	$2,752	$2,752

Field	Value	IRS element (for citing)
Total Program Service Revenue	$378,552	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,638	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,638	RelatedOrExemptFuncIncomeAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$380,190	TotalRevenueColumnAmt
Related Or Exempt Func Income	$380,190	RelatedOrExemptFuncIncomeAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$481,658	TotalAmt
Program Services	$481,658	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,706	TotalAmt
Program Services	$1,706	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$3,363	TotalAmt
Program Services	$3,363	ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,175	TotalAmt
Program Services	$1,175	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$500	TotalAmt
Program Services	$500	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$544	TotalAmt
Program Services	$544	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,200	TotalAmt
Program Services	$1,200	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$625	TotalAmt
Program Services	$625	ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
ADMIN FEE	$12,516	$12,516
TELEPHONE	$195	$195
POSTAGE	$55	$55

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$503,537	TotalAmt
Program Services	$503,537	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$155,048	BOYAmt
EOY	$105,545	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$290,057	BOYAmt
EOY	$216,213	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$445,105	BOYAmt
EOY	$321,758	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$445,105	BOYAmt
EOY	$321,758	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$445,105	BOYAmt
EOY	$321,758	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$445,105	BOYAmt
EOY	$321,758	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$123,347	ReconcilationRevenueExpnssAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	false	FSAuditedInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART VI LINE 19	ALL GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND TAX RETURNS ARE AVAILABLE FOR REVIEW, UPON WRITTEN REQUEST AT THE UNION OFFICE.
PAGE 2, PART III LINE D	OTHER PROGRAM SERVICES: FINANCIAL PLANNING $33,250 LEGAL PLAN $36,483