2023-12-11T17:05:17-06:00 2023-02-28 420714325 RSM US LLP 30 SOUTH WACKER DR SUITE 3300 CHICAGO IL 606063392 990 2022-03-01 826848354 PCSI EMPLOYEE BENEFIT TRUST PCSI 5123588887 718 WEST FM 1626 BLDG 3 AUSTIN TX 787483820 MARK K JONES TREASURER 5123588887 2023-12-09 1 MARK JONES XXX-XX-XXXX 1 REBEKUH ELEY P01247672 3126343400 2023-12-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARK K JONES 718 WEST FM 1626 BLDG 3 AUSTIN TX 787483820 1029526 0 X WWW.PCSI.ORG X 2018 TX TO PROVIDE BENEFITS FOR PCSI EMPLOYEES. 2 0 0 2 0 0 0 0 5313019 1029526 0 0 0 0 5313019 1029526 0 0 5223329 961848 0 0 0 0 0 101921 18738 5325250 980586 -12231 48940 964573 974596 40270 46407 924303 928189 TO PROVIDE BENEFITS FOR PCSI EMPLOYEES. 0 0 THE VEBA TRUST'S PURPOSE IS TO PROVIDE MEDICAL AND WELFARE BENEFITS FOR EMPLOYEES UNDER CERTAIN COMPONENT BENEFIT PLANS OF THE PLAN AS DESIGNATED BY THE SPONSOR AND AS PERMITTED BY CODE 501(C)(9). 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 2 0 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KYLE SUMNER 5123588887 718 WEST FM 1626 BLDG 3 AUSTIN TX 787483820 CUCOLO III ANTHONY A TRUSTEE 1.00 40.00 X X 0 534674 15915 JONES MARK K TREASURER 1.00 40.00 X X 0 359260 33502 0 893934 49417 0 0 1 0 0 EMPLOYER CONTRIBUTIONS 525100 866825 866825 EMPLOYEE CONTRIBUTIONS 525100 162701 162701 1029526 1029526 1029526 0 0 961848 113 ADMINISTRATIVE EXPENSES 18625 980586 127370 9988 837203 964608 964573 974596 40270 46407 40270 46407 X 924303 928189 924303 928189 964573 974596 48940 -45054 0 X X 0 0 0 0 1 0 CUCOLO III ANTHONY A TRUSTEE 0 434483 0 96000 0 4191 0 15915 0 0 0 550589 0 0 JONES MARK K TREASURER 0 287942 0 70000 0 1318 0 18300 0 15202 0 392762 0 0 PART I, LINE 3 THE ORGANIZATION RELIES ON THE RELATED ORGANIZATION TO ESTABLISH COMPENSATION. THE RELATED ORGANZIATION USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PART I, LINE 4B IN JULY 2003, THE RELATED ORGANIZATION ADOPTED A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER IRC SECTION 457(F), COVERING CERTAIN OFFICERS. THE PLAN WAS AMENDED IN JANUARY 2011 AND STATED THAT NET EARNINGS AND LOSSES SHALL BE CREDITED TO THE RECIPIENT'S ACCOUNT FROM TIME TO TIME, AS DETERMINED BY THE RELATED ORGANIZATION. THE RELATED ORGANIZATION ACCRUED AMOUNTS ANNUALLY, AS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. TO VEST IN THE ALLOCATED AMOUNTS, THE PARTICIPANT MUST HAVE REMAINED IN CONTINUOUS SERVICE AS AN EMPLOYEE WITH THE RELATED ORGANIZATION. THE RELATED ORGANIZATION PAID, IN A SINGLE LUMP-SUM PAYMENT, AN AMOUNT EQUAL TO THE VESTED AMOUNT WITHIN 90 DAYS OF THE DATE OF VESTING. AT JULY 1, 2021 THE PLAN BECAME FULLY VESTED AND FULLY VESTED DEFERRED COMPENSATION WAS PAID OUT IN ACCORDANCE WITH THE PLAN DOCUMENT. IN DECEMBER 2021, THE RELATED ORGANIZATION ADOPTED A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER IRC SECTION 457(F), COVERING CERTAIN OFFICERS. THE RELATED ORGANIZATION ACCRUED AMOUNTS ANNUALLY, AS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. TO VEST IN THE ALLOCATED AMOUNTS, THE PARTICIPANT MUST HAVE REMAINED IN CONTINUOUS SERVICE AS AN EMPLOYEE WITH THE RELATED ORGANIZATION. THE RELATED ORGANIZATION PAID, IN A SINGLE LUMP-SUM PAYMENT, AN AMOUNT EQUAL TO THE VESTED AMOUNT WITHIN 30 DAYS OF THE DATE OF VESTING. THESE PAYMENTS ARE PAID FROM THE GENERAL ASSETS OF THE RELATED ORGANIZATION. ALTHOUGH IT IS NOT REQUIRED TO DO SO, THE RELATED ORGANIZATION MAY ELECT TO INVEST AMOUNTS IN ORDER TO MEET ITS OBLIGATIONS UNDER THIS DEFERRED COMPENSATION PLAN. COMPENSATION BENEFITS ACCRUED AND DEFERRED UNDER THE DEFERRED COMPENSATION PLAN ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE SHOULD THE PARTICIPANT TERMINATE HIS OR HER RELATIONSHIP WITH THE RELATED ORGANIZATION PRIOR TO THE RESPECTIVE SCHEDULED VESTING DATE, AS DEFINED. AS OF JUNE 30, 2023 AND 2022, THE RELATED ORGANIZATION HAD ACCRUED $889,208 AND $400,200 IN DEFERRED COMPENSATION UNDER THE AMENDED PLAN, RESPECTIVELY. THE FOLLOWING OFFICERS PARTICIPATE IN THE 457(F) PLAN AND RECEIVED A PAYMENT FROM THE RELATED ORGANIZATION: ANTHONY A. CUCOLO III - $157,315 MARK K. JONES - $119,929 IN APRIL 2014, THE RELATED ORGANIZATION ADOPTED A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER IRC SECTION 457(B), COVERING CERTAIN OFFICERS AND DIRECTORS. NO EMPLOYER CONTRIBUTIONS WERE MADE TO THE PLAN FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. NONE OF THE FILING ORGANIZATION'S OFFICERS PARTICIPATE IN THE 457(B) PLAN FROM THE RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE SPONSOR SERVES AS THE PLAN ADMINISTRATOR OF THE PLAN AND APPOINTS THE TRUSTEE. FORM 990, PART VI, SECTION B, LINE 11B THE CORPORATE CONTROLLER AND CFO OF PCSI (THE SPONSORING ORGANIZATION) FULLY REVIEW THE ENTIRE FORM 990 INCLUDING ALL SCHEDULES. THE VEBA DOES NOT HAVE A CONTROLLER OR CFO. AFTER THE FINAL ANALYSIS OF THE DOCUMENTS, THE CFO DOES A FULL REVIEW AND ANALYSIS WITH THE CEO AND PRESIDENT. ALL SCHEDULES ARE REVIEWED AND DISCUSSED AS WELL AS THE FINAL FORM 990 AND REPORTABLE NUMBERS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTERESTS ARE MONITORED ON AN ONGOING BASIS AND AT A MINIMUM OF ONCE ANNUALLY. THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY, SIGNS THE FORMAL CONFLICT OF INTEREST DISCLOSURE STATEMENT AND HAS DISCUSSION ON DISCLOSURE AND TIMING REQUIREMENTS. MEMBERS OF THE BOARD OF DIRECTORS OF THE PROFESSIONAL CONTRACT SERVICES, INC., ("PCSI"), OFFICERS, VOLUNTEERS, AND KEY EMPLOYEES MUST ACT AT ALL TIMES IN THE BEST INTERESTS OF PCSI. MEMBERS OF THE BOARD, OFFICERS, VOLUNTEERS, AND KEY EMPLOYEES SHALL DISCLOSE ALL POTENTIAL AND ACTUAL CONFLICTS OF INTEREST TO THE BOARD OF DIRECTORS AND, AS REQUIRED, REMOVE THEMSELVES FROM ALL DISCUSSION AND VOTING ON ANY RELATED MATTER. THIS POLICY SHALL APPLY TO THE MEMBERS OF THE PCSI BOARD OF DIRECTORS, BUT ALSO SHALL APPLY TO ALL MEMBERS OF PCSI COMMITTEES, TASK FORCES, AND OTHERS IN THE PCSI GOVERNANCE STRUCTURE, AS WELL AS TO PCSI'S KEY EMPLOYEES. ON AN ANNUAL BASIS, ALL INDIVIDUALS TO WHOM THIS POLICY SHALL APPLY SHALL BE PROVIDED WITH A COPY OF THIS POLICY AND REQUIRED TO COMPLETE AND SIGN AN ACKNOWLEDGEMENT AND DISCLOSURE FORM PREPARED BY THE BOARD OF DIRECTORS. DISCLOSURE IN THE ORGANIZATION SHOULD BE MADE TO THE CHIEF EXECUTIVE OFFICER (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD CHAIR), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR, (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD VICE-CHAIR) WHO SHALL BRING THESE MATTERS TO THE BOARD. THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO PCSI. THE DECISION OF THE BOARD ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF PCSI AND THE ADVANCEMENT OF ITS PURPOSE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD ELECTED COMPENSATION COMMITTEE FOR PCSI CONTRACTS EVERY OTHER YEAR WITH AN OUTSIDE, INDEPENDENT RESEARCH FIRM THAT SPECIALIZES IN CUSTOM WAGE AND BENEFIT SURVEYS. IN ADDITION, THE CHAIRMAN OF THE COMPENSATION COMMITTEE ALONG WITH ITS MEMBERS PERFORMS OUTSIDE RESEARCH AND ANALYSIS. THE COMPENSATION COMMITTEE THEN MEETS TO DISCUSS AND RECORD THE VARIOUS FINDINGS, RECOMMENDATIONS AND SUBSEQUENT DECISIONS FOR SALARY AND BENEFITS AMOUNTS FOR THE PRESIDENT AND CEO. THIS PROCESS IS COMPLETED EVERY YEAR AND WAS LAST COMPLETED IN JUNE OF 2021. CURRENTLY ENGAGED WITH CONSULTANT TO COMPILE DATA FOR 2023 SURVEY. 2023 DATA WILL BE APPLICABLE FOR DURATION OF 2023-2025. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE FINANICAL STATEMENTS ARE AUDITED AS OF DECEMBER 31. PROFESSIONAL CONTRACT SERVICES INC 718 W FM 1626 BLDG 3 AUSTIN TX 78748 742786094 TO CREATE EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH EVERY TYPE OF DISABILITY. TX 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0