NORTH SHORE SCHOOLS FEDERATED EMPLOYEES BENEFIT TRUST FD: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: NORTH SHORE SCHOOLS FEDERATED EMPLOYEES BENEFIT TRUST FD (EIN 20-0870866)
Tax period: 2013-06-01 to 2014-05-31
Filed: 2015-01-13
IRS object ID: 201540139349300624
Schema version: 2013v4.0
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 D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2015-01-13T12:40:55-06:00	ReturnTs
Tax Period End	2014-05-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	112637625	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GIBISER & GIBISER CPA'S PC	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4155 VETERANS HIGHWAY SUITE 14	AddressLine1
City	RONKONKOMA	City
State	NY	State
ZIP Code	11779	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2013-06-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	200870866	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NORTH SHORE SCHOOLS FEDERATED	BusinessNameLine1
Business Name Line2	EMPLOYEES BENEFIT TRUST FUND	BusinessNameLine2

Field	Value	IRS element (for citing)
Business Name Control	NORT	BusinessNameControlTxt
Phone	5167599337	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40 RAILROAD AVE	AddressLine1
City	GLEN HEAD	City
State	NY	State
ZIP Code	11545	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SUSAN McCORMACK	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Phone	5167599337	PhoneNum
Signature	2014-12-09	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	STEVEN R GIBISER CPA	PreparerPersonNm
PTIN	P01308568	PTIN
Phone	6312856290	PhoneNum
Preparation	2014-12-09	PreparationDt

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	SUSAN McCORMACK	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40 RAILROAD AVE	AddressLine1
City	GLEN HEAD	City
State	NY	State
ZIP Code	11545	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	$502,507	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	N/A	WebsiteAddressTxt
Type Of Organization Trust	Yes (X)	TypeOfOrganizationTrustInd
Formation	2003	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	PROVIDE DENTAL BENEFITS TO NORTH SHORE SCHOOLS EMPLOYEES	ActivityOrMissionDesc
Voting Members Governing Body	5	VotingMembersGoverningBodyCnt
Voting Members Independent	5	VotingMembersIndependentCnt
Total Employee	1	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$536,591	PYProgramServiceRevenueAmt
CY Program Service Revenue	$496,193	CYProgramServiceRevenueAmt
PY Investment Income	$1,864	PYInvestmentIncomeAmt
CY Investment Income	$4,762	CYInvestmentIncomeAmt
PY Other Revenue	$135	PYOtherRevenueAmt
CY Other Revenue	$1,552	CYOtherRevenueAmt
PY Total Revenue	$538,590	PYTotalRevenueAmt
CY Total Revenue	$502,507	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$244,594	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$339,746	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$17,261	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$18,187	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$42,112	PYOtherExpensesAmt
CY Other Expenses	$58,132	CYOtherExpensesAmt
PY Total Expenses	$303,967	PYTotalExpensesAmt
CY Total Expenses	$416,065	CYTotalExpensesAmt
PY Revenues Less Expenses	$234,623	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$86,442	CYRevenuesLessExpensesAmt
Total Assets BOY	$475,716	TotalAssetsBOYAmt
Total Assets EOY	$562,158	TotalAssetsEOYAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$475,716	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$562,158	NetAssetsOrFundBalancesEOYAmt
Mission	PROVIDE DENTAL BENEFITS TO NORTH SHORE SCHOOLS EMPLOYEES	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	DENTAL BENEFITS TO EMPLOYEES OF NORTH SHORE SCHOOLS	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	0	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	139	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	1	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	5	GoverningBodyVotingMembersCnt
Independent Voting Member	5	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Other Website	Yes (X)	OtherWebsiteInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SUSAN McCORMACK	BusinessNameLine1

Field	Value	IRS element (for citing)
Phone	5167599337	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40 RAILROAD AVE	AddressLine1
City	GLEN HEAD	City
State	NY	State
ZIP Code	11545	ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
BRUCE FICHTMAN
PRESIDENT / TRUSTEE	1.00	Yes (X)	$758	$0	$0
SARA BLACK-CANO
TRUSTEE	1.00	Yes (X)	$758	$0	$0
PAMELA PARSONS
TRUSTEE	1.00	Yes (X)	$758	$0	$0
RONNIE HELLER
TRUSTEE	1.00	Yes (X)	$758	$0	$0
BARBARA BRENNAN
TRUSTEE	1.00	Yes (X)	$758	$0	$0
SUSAN McCORMACK
DIRECTOR	5.00	Yes (X)	$6,000	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$9,790	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
DISTRICT CONTRIBUTIONS	525920	$282,686	$282,686
PAYROLL CONTRIBUTIONS	525920	$126,431	$126,431
RETIREE CONTRIBUTIONS	525920	$87,076	$87,076

Field	Value	IRS element (for citing)
Total Program Service Revenue	$496,193	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,762	TotalRevenueColumnAmt
Related Or Exempt Func Income	$4,762	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	COBRA CONTRIBUTIONS	Desc
Business	525920	BusinessCd
Total Revenue Column	$1,552	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,552	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$1,552	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$502,507	TotalRevenueColumnAmt
Related Or Exempt Func Income	$502,507	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$339,746	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$9,790	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$7,202	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,195	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$6,600	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$12,900	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$3,779	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$82	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
DENTAL ADMINISTRATIVE F	$28,598
INSURANCE	$2,505
CUSTODIAL FEES	$2,000
PAYROLL PROCESSING	$1,091

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$577	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$416,065	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$32,455	BOYAmt
EOY	$18,896	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$436,900	BOYAmt
EOY	$534,903	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$6,361	BOYAmt
EOY	$8,359	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$475,716	BOYAmt
EOY	$562,158	EOYAmt

Total Liabilities TotalLiabilitiesGrp

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

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

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

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

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

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$475,716	BOYAmt
EOY	$562,158	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$475,716	BOYAmt
EOY	$562,158	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$475,716	BOYAmt
EOY	$562,158	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$86,442	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$0	TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt	$513,780	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$8,770	NetUnrealizedGainsInvstAmt
Other Revenue	$2,503	OtherRevenueAmt
Revenue Not Reported	$11,273	RevenueNotReportedAmt
Revenue Subtotal	$502,507	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$502,507	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$413,509	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	-$2,556	OtherExpensesIncludedAmt
Expenses Not Reported	-$2,556	ExpensesNotReportedAmt
Expenses Subtotal	$416,065	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$416,065	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Part XI, Line 2d - Other Adjustments:	CHANGE IN CONTRIBUTIONS RECEIVABLE 2,287. CHANGE IN INTEREST RECEIVABLE 216.
Part XII, Line 2d - Other Adjustments:	CHANGE IN INVESTMENT FEE PAYABLE 693. CHANGE IN CLAIMS PAYABLE 2,025. CHANGE IN ACCOUNTING FEE PAYABLE -3,400. CHANGE IN STIPEND PAYABLE 40. CHANGE IN PREPAID EXPENSES -1,914.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part VI, Section B, line 11	FORM 990 IS DELIVERED TO THE DIRECTOR WHO REVIEWS THE INFORMATION WITH THE TRUSTEES PRIOR TO SIGNING THE FORM AUTHORIZING ELECTRONIC FILING
Form 990, Part VI, Section B, line 12c	REVIEWED ON AN ANNUAL BASIS AT ONE OF THE QUARTERLY BOARD OF TRUSTEES MEETINGS.
Form 990, Part VI, Section B, line 15	COUNSEL PRESENTS COMPARATIVE STIPENDS IN THE GEOGRAPHIC REGION OF SIMILARLY SITUATED PUBLIC SECTOR BENEFIT FUNDS AND THE FUND AUDITOR'S ANALYSIS OF WHAT CAN BE FINANCIALLY SUSTAINED BY THE FUND.
Form 990, Part VI, Section C, line 18	FORM 990 IS AVAILABLE TO BE DOWNLOADED AT WWW.GUIDESTAR.ORG.
Form 990, Part VI, Section C, line 19	THE ORGANIZATIONS'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE ORGANIZATION'S MEMBERS UPON REQUEST.
FORM 990, PART XII, LINE 2C:	THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR OF ITS FINANCIAL STATEMENT AND SELECTION OF AN INDEPENDENT ACCOUNTANT.