Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Midrescom Construction Industry Adv Trust
EIN 04-3721208 • 501(c)6 • Chicago, IL
Profile
To collect contributions from chicago area contractors and disburse remaining funds after payment of trust operating expenses, to the residential construction employers council (rcec) and midwest wall & ceiling contractors (mwcc) for construction industry advancement. Beginning july 1, 2016 mwcc remained as the sole member of the midrescom construction industry trust.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
50th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
99th percentile
Higher net margin than 99% of similar nonprofits.
Top Officer Pay
80th percentile
Higher top officer pay than 80% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
7th percentile
Faster asset growth than 7% of similar nonprofits.
Revenue Growth
82nd percentile
Faster revenue growth than 82% of similar nonprofits.
Balance Sheet
Assets
Down$0
Down $123,723 (-100%) from 2017
Liabilities
Down$0
Down $23,619 (-100%) from 2017
Net Assets
Down$0
Down $100,104 (-100%) from 2017
Revenue
Up$88,168
Up $19,811 (+29%) from 2017
Expenses
Down$1,450
Down $374 (-21%) from 2017
Net Income
Up$86,718
Up $20,185 (+30%) from 2017
Trend Graphs
Filings
Most recent year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $88,168
- Expenses
- $1,450
- Net income
- $86,718
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- May 15, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $88,168
Mission and Program Overview
Mission
To collect contributions from chicago area contractors and disburse remaining funds, after payment of trust operating expenses, to the residential construction employers council (rcec) and midwest wall & ceiling contractors (mwcc) for construction industry advancement.
To collect contributions from chicago area contractors and disburse remaining funds after payment of trust operating expenses, to the residential construction employers council (rcec) and midwest wall & ceiling contractors (mwcc) for construction industry advancement. Beginning july 1, 2016 mwcc remained as the sole member of the midrescom construction industry trust.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| See Schedule O | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Laura Wilkin | President | - | $0 | - | - |
| Michael Wilkin | Secretary/Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Midrescom Construction Industry Adv Trust
- EIN
- 04-3721208
- In Care Of
- % JEAN F MEYER
- Phone
- 7734428260
- Address
- 500 N Michigan Ave 600, Chicago, IL 60611
Signing Officer
- Name
- Laura Wilkin
- Title
- President
- Phone
- 7734428260
- Signed
- 2019-05-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Miller Cooper & Co Ltd
- Address
- 1751 Lake Cook Road Suite 400, Deerfield, IL 60015
- Preparer
- Steven R Glover
- Phone
- 8472055000
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 20
“Midrescom Construction Industry Adv Trust 500 N Michigan Ave #600, Chicago, IL 60611 04-3721208 Tax Year Ended December 31, 2018 Statement pursuant to Treasury Regulation Section 1.368-3(a) by Midrescom Construction Industry Adv Trust, a party to a reorganization. Acquiring Corporation: Midwest Wall and Ceiling Contractors Association (36-1042740) Target Corporation: Midrescom Construction Industry Adv Trust (04-3721208) The date of reorganization: 12/31/2018 The aggregate fair market value, determined immediately before the exchange, of assets, stock or securities of the target corporation transferred in the transaction, aggregated as follows: FMV Intercompany receiveable $186,822 The tax basis of the asset transferred at 12/31/2018 is equal to the asset's fair market value.”
Form 990EZ Part I Line 20
“Description:TRANSFER TO MIDWEST WALL AND CEILING CON Amount:186822”
Form 990EZ Part II Line 24
“Description:INTERCOMPANY RECEIVABLE BOY Amount:EOY Amount:”
Form 990EZ Part II Line 26
“Description:INTERCOMPANY PAYABLE BOY Amount:23619 EOY Amount:”
Raw XML Appendix128 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JEAN F MEYER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7734422860 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 500 N MICHIGAN AVE 600 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Chicago |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60611 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 123723 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 86718 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1450 |
| IRS990EZ/FiledScheduleAInd | 0 | false |
| IRS990EZ/FinalReturnInd | 0 | X |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 123723 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 0 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 88168 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 100104 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 100104 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Laura Wilkin |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Michael Wilkin |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary/Treasurer |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | true |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -186822 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO COLLECT CONTRIBUTIONS FROM CHICAGO AREA CONTRACTORS AND DISBURSE REMAINING FUNDS AFTER PAYMENT OF TRUST OPERATING EXPENSES, TO THE RESIDENTIAL CONSTRUCTION EMPLOYERS COUNCIL (RCEC) AND MIDWEST WALL & CEILING CONTRACTORS (MWCC) FOR CONSTRUCTION INDUSTRY ADVANCEMENT. BEGINNING JULY 1, 2016 MWCC REMAINED AS THE SOLE MEMBER OF THE MIDRESCOM CONSTRUCTION INDUSTRY TRUST. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 88168 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | See Schedule O |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 23619 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 1450 |
| IRS990EZ/TotalRevenueAmt | 0 | 88168 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationTrustInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleN/DirectorOfSuccessor2Ind | 0 | false |
| IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 0 | INTERCOMPANY RECEIVABLE |
| IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt | 0 | 2018-12-31 |
| IRS990ScheduleN/DispositionOfAssetsDetail/EIN | 0 | 361042740 |
| IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt | 0 | 186822 |
| IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt | 0 | 501(C)6 |
| IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt | 0 | ACTUAL COSTS |
| IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm | 0 | MIDWEST WALL AND CEILING CONTRACTOR |
| IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt | 0 | 500 N MICHIGAN AVE 600 |
| IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm | 0 | CHICAGO |
| IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd | 0 | 60611 |
| IRS990ScheduleN/EmployeeOfSuccessor2Ind | 0 | false |
| IRS990ScheduleN/OwnerOfSuccessor2Ind | 0 | false |
| IRS990ScheduleN/ReceiveCompensation2Ind | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Midrescom Construction Industry Adv Trust 500 N Michigan Ave #600, Chicago, IL 60611 04-3721208 Tax Year Ended December 31, 2018 Statement pursuant to Treasury Regulation Section 1.368-3(a) by Midrescom Construction Industry Adv Trust, a party to a reorganization. Acquiring Corporation: Midwest Wall and Ceiling Contractors Association (36-1042740) Target Corporation: Midrescom Construction Industry Adv Trust (04-3721208) The date of reorganization: 12/31/2018 The aggregate fair market value, determined immediately before the exchange, of assets, stock or securities of the target corporation transferred in the transaction, aggregated as follows: FMV Intercompany receiveable $186,822 The tax basis of the asset transferred at 12/31/2018 is equal to the asset's fair market value. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description:TRANSFER TO MIDWEST WALL AND CEILING CON Amount:186822 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description:INTERCOMPANY RECEIVABLE BOY Amount:EOY Amount: |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description:INTERCOMPANY PAYABLE BOY Amount:23619 EOY Amount: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990EZ PART I LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990EZ PART II LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990EZ PART II LINE 26 |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LAURA WILKIN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7734428260 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Midrescom Construction Industry Adv Trust |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MIDR |
| ReturnHeader/Filer/EIN | 0 | 043721208 |
| ReturnHeader/Filer/InCareOfNm | 0 | % JEAN F MEYER |
| ReturnHeader/Filer/PhoneNum | 0 | 7734428260 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 500 N Michigan Ave 600 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Chicago |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 60611 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | D488FFF8D2CB1E13DE6651482E0F7AF785974F93 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | D488FFF8D2CB1E13DE6651482E0F7AF785974F93 |
| ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId | 0 | 15866820191295000021 |
| ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt | 0 | 2019-05-09 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 38.104.98.2 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MILLER COOPER & CO LTD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1751 Lake Cook Road Suite 400 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Deerfield |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 60015 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8472055000 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Steven R Glover |
| ReturnHeader/ReturnTs | 0 | 2019-05-09T21:27:21-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
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