Telephone Employees Mut Ben 308 Tr 2030727000 in Northford, Connecticut (CT)

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Telephone Employees Mut Ben 308 Tr 2030727000
Employer Identification Number (EIN)066021587
Name of OrganizationTelephone Employees Mut Ben 308 Tr 2030727000
In Care of NameMichael Sopchak
Address17 Westwind Dr, Northford, CT 06472
ActivitiesEmployee or member welfare association
SubsectionCivic League
Ruling Date04/1993
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$0
Income$0
Filing Requirement990 (all other) or 990EZ return
Asset Amount$12,142,547
Amount of Income$2,536,275
Form 990 Revenue Amount$2,536,275
National Taxonomy of Exempt Entities (NTEE)Mutual/Membership Benefit Organizations, Other: Insurance Providers, Services


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Amount of income in 2014: $2,536,275
This organization: 

 $2,536,275
Other organizations performing similar types of work: 

 $637,869

Assets in 2014: $12,142,547
This organization: 

 $12,142,547
Other organizations performing similar types of work: 

 $1,290,900

Expenses in 2001: $3,618,690
Telephone Employees Mut Ben 308 Tr 2030727000: 

 $3,618,690
Other organizations performing similar types of work: 

 $332,585

Income to expenses ratio in 2001: 0.7
Telephone Employees Mut Ben 308 Tr 2030727000: 

 0.7
Other organizations performing similar types of work: 

 1.2

Financial snapshot ($)

Revenue for 2001

Assets at end of 2001

Income-Producing Activities for 2001

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2001
Total revenue$2,536,275
Contributions, gifts, grants, and similar amounts received$0
Contributions to donor advised funds
Direct public support$0
Indirect public support$0
Government contributions (grants)$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$2,620,864
Interest on savings and temporary cash investments$11,725
Dividends and interest from securities$388,279
Net rental income or (loss)$0
Gross rents$0
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$-492,024
Gross amount from sales of assets other than inventory$6,694,644
Less: cost or other basis and sales expenses$7,186,668
Net income or (loss) from special events and activities$0
Gross revenue$0
Less: direct expenses other than fundraising expenses$0
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$7,431
Total expenses$3,618,690
Program services$0
Management and general$0
Fundraising$0
Payments to affiliates$0
Net assets or fund balances at end of year$12,142,547
Excess or (deficit) for the year$-1,082,415
Net assets or fund balances at beginning of year$13,465,821
Other changes in net assets or fund balances$-240,859
Statement of Functional Expenses (for 2001)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,618,690$0$0$0
Grants paid from donor advised funds
Other grants and allocations$17,082
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$616,632$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$1,057,879$0$0$0
Pension plan contributions not included above$52,729$0$0$0
Employee benefits not included above$124,525$0$0$0
Payroll taxes$136,942$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$27,075$0$0$0
Legal fees$12,480$0$0$0
Supplies$22,809$0$0$0
Telephone$47,707$0$0$0
Postage and shipping$41,327$0$0$0
Occupancy$68,552$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$41,680$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$44,759$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$56,397$0$0$0
Other expenses not covered above$1,250,115$0$0$0
Balance Sheets
2001
Total assets$12,420,292
Cash - non-interest-bearing$169,631
Savings and temporary cash investments$675,795
Accounts receivable less allowance for doubtful accounts$408,943
Pledges receivable less allowance for doubtful accounts$0
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0
Inventories for sale or use$0
Prepaid expenses and deferred charges$92,988
Investments - publicly-traded securities
Investments - other securities$10,404,587
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$567,996
Other assets, including program-related investments$100,352
Total liabilities$277,745
Accounts payable and accrued expenses$277,745
Grants payable$0
Deferred revenue$0
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$0
Other liabilities$0
Total liabilities and net assets/fund balances$12,420,292
Total net assets or fund balances$12,142,547
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2001
Total revenue$2,536,275
Total revenue, gains, and other support per audited financial statements$2,295,416
Other expenses$-240,859
Net unrealized gains on investments$-240,859
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$0
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2001
Total expenses$3,618,690
Total expenses and losses per audited financial statements$3,618,690
Other revenue$0
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$0
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?Yes
Did the organization make only in-house lobbying expenditures of $2,000 or less?Yes
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200632
Analysis of Income-Producing Activities (for 2001)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$-92,020$2,628,295
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$2,620,864
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$11,725$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$388,279$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$-492,024$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$7,431
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2001)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2001)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2001)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
2000
Total$0
Gifts, grants, and contributions received$0
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2001)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
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1University Of Missouri Medical Professional Liability TrPO BOX 1802, Providence, RI 02901-1802RI1978-09$17,333,283
2Telephone Employees Mut Ben 308 Tr 203072700017 Westwind Dr, Northford, CT 06472CT1993-04$2,536,275
3Amalgamated Fund Administrators Inc333 Westchester Ave, White Plains, NY 10604-2910NY1995-04$47,941,420
4Midwestern Pennsylvania School453 Maple St, Grove City, PA 16127-2324PA$8,867,724
5Spartan Radiocasting Company Health And Welfare Benefits Trust, Evans Nick W And B G Bunting TteesPO BOX 1717, Spartanburg, SC 29304-1717SC1992-11$2,207,811
6South Shore Hospital Malpractice Liability Trust 14-00042-66111 N River Rd 8th Fl, Rosemont, IL 60018-5158IL1983-02$2,098,475
7California Thoroughbred Horsemens Foundation101 W Huntington Dr, Arcadia, CA 91007-3001CA1984-01$2,005,835
8West Jersey Health System Workers Compensation Tr401 Rt 73n 50 Lake Ctr No 400, Marlton, NJ 08053NJ1992-11$900,048
9University Insurance Association780 Regent St Ste 224, Madison, WI 53715-2635WI1940-03$637,869
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13Tri-County Farmers Mutual Insurance CompanyratedPO BOX 1610, Malta, MT 59538-1610MT1943-06$315,790
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15Westmoreland Hospital Employees Charitable Trust Fund532 W Pittsburgh St, Greensburg, PA 15601-2239PA1966-12$276,750
16Young Presidents Organization Inc, Ypo Western New EnglandC/O James Barrett 330 Whitney, Holyoke, MA 01040MA1989-03$247,868
17Woodmen Of The World Omaha Woodmen Life Insurance Society1197 Mud Creek Road, Newberry, SC 29108SC1941-12$154,225
18Lawton Insurance Associates IncPo Box 29, Lawton, OK 73502OK1977-04$15,046
19Westchester Association Of Insurance & Financial Advisors IncPO BOX 1295, Wappingers Fl, NY 12590-8295NY1987-04$3,775
20Buffalo Movers Welfare Fund Of Teamsters Local 26435 Tyrol Drive, Cheektowaga, NY 14227NY1966-11$0
Number of organizations performing similar types of work
Alabama1
Arizona1
California7
Colorado1
Connecticut1
Florida4
Hawaii1
Iowa2
Illinois6
Indiana2
Kansas1
Kentucky1
Massachusetts5
Michigan2
Minnesota4
Missouri1
Montana1
North Carolina3
Nebraska1
New Jersey5
New York11
Ohio2
Oklahoma1
Pennsylvania17
Rhode Island2
South Carolina4
Tennessee2
Texas2
Virginia1
Washington1
Wisconsin5
West Virginia2
Total100

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