Silver Shield Association Inc
- Assets
- $753.8k
- Revenue
- $397.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Greenwich, CT
- Founding
- 11/1984
- Data as of
- 06/2021
- EIN
- 06-1009211
Organization Overview
Silver Shield Association Inc is located in Greenwich, CT. The organization was established in 1984. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2021, Silver Shield Association Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver Shield Association Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2021, Silver Shield Association Inc generated $397.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $250.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PRIMARY PURPOSE IS TO PROVIDE ASSISTANCE TO ITS MEMBERS IN TIME OF NEED, TO CREATE CLOSE BONDS AMONG ITS MEMBERS AND PROVIDE PROFESSIONAL POLICE SERVICES TO THE ENTIRE COMMUNITY. IN ADDITION, THE ORGANIZATION STRIVES FOR HIGHER STANDARDS OF WORK PERFORMANCE, ENHANCES THE PROFESSIONAL ABILITIES OF THE MEMBERS AND IMPROVES WORKING CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER EVENTS & SPECIAL AWARDS: THESE EVENTS ARE ORGANIZED BY THE ASSOCIATION TO RECOGNIZE MEMBERS AS WELL AS TO ENHANCE MEMBER BONDS.
MEMBER BENEFITS: THIS PROGRAM WAS ESTABLISHED TO EXCLUSIVELY ASSIST THE MEMBERS AND THEIR FAMILIES IN SUPPLEMENTING GROWING UNREIMBURSED HEALTH AND DENTAL/VISION EXPENSES INCURRED; IN ADDITION, TO PROVIDE LIFE INSURANCE BENEFITS AS WELL AS ASSIST WITH LABOR RELATED AND LEGAL SERVICES.
OTHER PROGRAM SERVICES: THIS INCLUDES ALL ADDITIONAL ACTIVITIES PROVIDED BY THE ASSOCIATION TO PROMOTE THE ORGANIZATION AND GIVE BACK TO THE COMMUNITY AS A WHOLE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Pannone Former Presi | Officer | 6 | $19,977 |
Martin O'reilly Former VP | Officer | 6 | $14,982 |
Marc Jason Levy Treasurer | Officer | 6 | $11,986 |
Thomas Huestis Former Fin S | Officer | 6 | $3,712 |
David Nemecek Former Rec S | Officer | 2 | $1,998 |
Craig Zottola Financial Se | Officer | 0 | $283 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $218,285 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $395,868 |
| Total Program Service Revenue | $0 |
| Investment income | $1,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $100,325 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,858 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $400 |
| Advertising and promotion | $0 |
| Office expenses | $10,808 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,104 |
| All other expenses | $2,127 |
| Total functional expenses | $250,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $753,784 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $753,784 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $753,784 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $753,784 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Silver Shield Association Inc has recieved totaling $650.
| Awarding Organization | Amount |
|---|---|
Goergen Foundation Inc North Palm Beach, FL PURPOSE: SUPPORT OF ORGANIZATION | $250 |
Jjj Family Foundation Old Greenwich, CT PURPOSE: FOR MISSION SUPPORT | $200 |
Jjj Family Foundation Old Greenwich, CT PURPOSE: FOR MISSION SUPPORT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Electrical Industry Labor Management Cooperation Tr Dorchester, MA | $23,732,752 | $56,768,144 |
Dairy One Cooperative Inc Ithaca, NY | $10,249,154 | $25,724,887 |
The William H Miner Agricultural Research Institute Chazy, NY | $25,150,167 | $10,410,462 |
Grace Communications Foundation Inc New York, NY | $9,222,389 | $7,837,107 |
New Haven Ecology Project Inc New Haven, CT | $13,646,916 | $6,735,090 |
Attleboro Corporate Center Association Inc Attleboro, MA | $92,995 | $6,024,289 |
United Food And Commercial Workers International Union Dedham, MA | $6,169,904 | $6,230,011 |
Essex Agricultural Society Topsfield, MA | $13,692,899 | $6,659,006 |
Rhode Island Laborers Unified Tr Cranston, RI | $3,637,033 | $4,506,206 |
New York Farm Bureau Albany, NY | $21,413,106 | $1,125,268 |
The Livestock Institute Of Southern New England Westport, MA | $6,774,804 | $2,810,112 |
Amber Waves Farm Inc Amagansett, NY | $1,245,153 | $2,731,640 |