SOUTH BERGEN REGION VII WORKERS COMPENSATION POOL Charity Report

Tax-exempt status may be revoked

SOUTH BERGEN REGION VII WORKERS COMPENSATION POOL

EIN 22-2470958

What they do

SOUTH BERGEN REGION VII is A SELF-ADMINISTERED WORKERS COMPENSATION LIABILITY POOL ESTABLISHED UNDER NJ STATUTE 18A: 18A-42. THE POOL PROVIDES INSURANCE COVERAGE for THE EMPLOYEES of PARTICIPATING SCHOOL BOARDS.

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Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

49.30%of revenue went to mission work96.5% of expenses · Program services

$51.12spent for every $100 of revenueRevenue covered expenses this year.

1.81%of revenue went to management and office costs3.5% of expenses

$13.20in assets for every $1 spent this yearSome assets cannot be spent right away.

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Pay context: The highest compensation shown in this filing is $4,000 for PHIL NISONOFF (TREASURER). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,195,834

Mission workProgram services$1,082,58049.30% of revenue96.5% of expenses

ManagementOffice and general costs$39,8351.81% of revenue3.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$1,073,41948.88% of revenueShown in gray on the chart

Total expenses$1,122,41551.12% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2019CurrentExpense mix: 96.5% mission · 3.5% management · 0.0% fundraisingTotal expenses: 51.12% of revenue

2018Expense mix: 97.2% mission · 2.8% management · 0.0% fundraisingTotal expenses: 61.20% of revenue

2017Expense mix: 96.8% mission · 3.2% management · 0.0% fundraisingTotal expenses: 58.97% of revenue

2016Expense mix: 97.6% mission · 2.4% management · 0.0% fundraisingTotal expenses: 106.53% of revenue

Money in and money out

Revenue$2,195,834

Expenses$1,122,415

Annual surplus $1,073,419 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,082,580 · 96.5% of expenses

Management and office costs$39,835 · 3.5% of expenses

See all reported dollar amounts

Revenue$2,195,834

Expenses$1,122,415

Assets$14,818,446

Mission work (program services)$1,082,580

Management and general$39,835

Stocks and bonds$5,028,655

Accounting fees$24,900

Investing fees$3,177

People

Leadership and board

Tax year 2019

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PHIL NISONOFFTREASURER · 1 hrs/week $4,000

JOSEPH KELLYCHAIRPERSON · 1 hrs/week $1,200

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (7)

PHIL NISONOFFTREASURER

JOSEPH KELLYCHAIRPERSON

ANDREA WASSERMANDIRECTOR

HAQQUISHA TAYLORSECRETARY

JENINE MURRAYDIRECTOR

JOSEPH BRUNACKI IIIDIRECTOR

THOMAS OHERNDIRECTOR

About this charity

Location: 176 PARK AVENUE, RUTHERFORD, NJ 07070
County: Bergen
In care of: PHIL NISONOFF
Primary officer: PHIL NISONOFF, CHAIRMAN

How to reach them

Phone(201) 991-6800

Filing and classification

Latest tax year: 2019
Tax period began: July 1, 2019
Return type: 990
Tax preparer: MURPHY MILLER BAGLIERI LLP
Revocation date: November 15, 2023