Civic Intelligence

Electrical Workers Building Co

990 • Fiscal year 2021 • EIN 23-7046838

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 28, 2022

1211 Wiley Blvd SWCedar Rapids, IA 52404-1320

(319) 396-8241

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)2 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)2 • $500k-$1M nonprofits • Source year 2021

Net Margin

72nd percentile

57%

Higher net margin than 72% of similar nonprofits.

2021 filings • 501(c)2 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

80th percentile

$107,029

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 33.4% of source-year revenue.

2021 filings • 501(c)2 • $500k-$1M nonprofits • Source year 2021

Asset Growth

96th percentile

36%

Faster asset growth than 96% of similar nonprofits.

2021 filings • 501(c)2 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

90th percentile

105%

Faster revenue growth than 90% of similar nonprofits.

2021 filings • 501(c)2 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$681,342

Up $181,947 (+36%) from 2020

Net Assets

Up

$681,342

Up $181,947 (+36%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$320,507

Up $164,343 (+105%) from 2020

Expenses

Up

$138,560

Up $23,017 (+20%) from 2020

Net Income

Up

$181,947

Up $141,326 (+348%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2010: $852,147Liabilities 2010: $0Net Assets 2010: $852,1472010Assets 2011: $272,692Liabilities 2011: $0Net Assets 2011: $272,6922011Assets 2012: $336,980Liabilities 2012: $0Net Assets 2012: $336,9802012Assets 2013: $282,809Liabilities 2013: $0Net Assets 2013: $282,8092013Assets 2014: $266,553Liabilities 2014: $0Net Assets 2014: $266,5532014Assets 2015: $287,773Liabilities 2015: $0Net Assets 2015: $287,7732015Assets 2016: $267,808Liabilities 2016: $0Net Assets 2016: $267,8082016Assets 2017: $440,783Liabilities 2017: $0Net Assets 2017: $440,7832017Assets 2018: $454,318Liabilities 2018: $0Net Assets 2018: $454,3182018Assets 2019: $458,774Liabilities 2019: $0Net Assets 2019: $458,7742019Assets 2020: $499,395Liabilities 2020: $0Net Assets 2020: $499,3952020Assets 2021: $681,342Liabilities 2021: $0Net Assets 2021: $681,3422021Assets 2022: $670,129Liabilities 2022: $0Net Assets 2022: $670,1292022Assets 2024: $564,459Liabilities 2024: $0Net Assets 2024: $564,4592024

Highlighted filing

2021

Assets$681,342
Liabilities$0
Net Assets$681,342

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2010: $02010Expenses 2011: $02011Revenue 2012: $177,738Expenses 2012: $113,450Net Income 2012: $64,2882012Revenue 2013: $81,062Expenses 2013: $135,233Net Income 2013: -$54,1712013Revenue 2014: $92,210Expenses 2014: $108,465Net Income 2014: -$16,2552014Revenue 2015: $132,855Expenses 2015: $111,634Net Income 2015: $21,2212015Revenue 2016: $93,695Expenses 2016: $113,659Net Income 2016: -$19,9642016Revenue 2017: $285,759Expenses 2017: $112,784Net Income 2017: $172,9752017Revenue 2018: $132,514Expenses 2018: $118,979Net Income 2018: $13,5352018Revenue 2019: $136,307Expenses 2019: $131,851Net Income 2019: $4,4562019Revenue 2020: $156,164Expenses 2020: $115,543Net Income 2020: $40,6212020Revenue 2021: $320,507Expenses 2021: $138,560Net Income 2021: $181,9472021Revenue 2022: $139,323Expenses 2022: $150,536Net Income 2022: -$11,2132022Revenue 2024: $103,357Expenses 2024: $156,416Net Income 2024: -$53,0592024

Highlighted filing

2021

Revenue$320,507
Expenses$138,560
Net Income$181,947
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 28, 2022
Return Version
2021v4.2
Gross Receipts
$342,474
Mission and Program Overview

Mission

Maintains building (union hall) for membership.

Maintains building (union hall) for its membership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$443,046$674,254▲ $231,208
Cash and Non-Interest-Bearing Accounts$56,349$7,088▼ $49,261
Total Assets$499,395$681,342▲ $181,947
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$499,395$681,342▲ $181,947
Total Net Assets Fund Balance$499,395$681,342▲ $181,947
Total Liabilities and Net Assets / Fund Balance$499,395$681,342▲ $181,947

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$635,838$900,417$1,536,255
Equipment$21,441$82,098$103,539
Land$16,975-$16,975
Compensation and Service Providers

Employees

NameTitleOtherTotal
Junior LuensmanBusiness Manager/financial Secretary$107,029$107,029
Jeff CoolingPresident$2,481$2,481
Jebediah NovakRecording Secretary$1,324$1,324
Steve StraubTreasurer$1,324$1,324
Dustin ChaseBoard Member$1,138$1,138
Kent McnallyBoard Member$533$533
Jon FasseliusBoard Member$497$497
Tyler LongBoard Member$497$497
Jimmy JensenBoard Member$441$441
Nick VolkBoard Member$386$386
Aaron FosterVice President$36$36
Revenue and Support

Revenue Composition

Contributions and Grants
$306,274
Program Service Revenue
$36,200
Investment Income
$-21,967
Other Revenue
$0
Change in Net Assets
$181,947
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$51,886
Depreciation Depletion---$37,588
Other Expenses---$9,184
All Other Expenses---$2,973
Fees for Services Accounting---$841
Total Functional Expenses$0$0$0$138,560
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by an independent accounting firm. All members of the governing body are able to view the form 990 at any time before filing.

Form 990, Part VI, Section B, Line 12C

In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the executive board considering the proposed transaction or arrangement. The executive board makes the determination as to whether a conflict of interest exists. Transactions with conflicts can only be undertaken if all of the following are observed: 1. Conflict is fully disclosed 2. Conflicted individual is excluded from discussion and approval of the transaction 3. Competitive bid of comparable valuation exists and 4. The executive board has determined that the transaction is in the best interest of the organization. Each officer and management employee with delegated powers who can influence the actions of the organization annually signs a statement which affirms their receipt, understanding of and agreed compliance to the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

All officers of the local union are board members. There is no compensation for any of the officers for board business. The building co does not have any employees.

Form 990, Part VI, Section C, Line 19

Electrical workers building co's financial statements are open to all members of ibew local 405. The governing documents and conflict of interest policy are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Electrical Workers Building Co
EIN
23-7046838
Phone
3193968241
Address
1211 WILEY BLVD SW, CEDAR RAPIDS, IA 52404-1320

Signing Officer

Name
Junior Luensman
Title
Business Manager
Phone
3193968241
Signed
2022-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Junior Luensman
Formed
1911
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Cliftonlarsonallen Llp
Address
600 3RD AVENUE SE SUITE 300, CEDAR RAPIDS, IA 52401
Preparer
David Little
Phone
3193632697
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The building company is exempt from income taxes under section 501(c)(2) of the internal revenue code and a similar section of the iowa income tax law, which provides income tax exemption for corporations organized and operated exclusively for religious, charitable, or educational purposes. The internal revenue service (irs) has not classified the organization as a private foundation. The organization files information returns in the u.s. Federal jurisdiction. The organization follows the standard for evaluating uncertain tax positions and has determined that it was not required to record a liability related to uncertain tax positions.

Raw XML Appendix377 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.

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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. ALL MEMBERS OF THE GOVERNING BODY ARE ABLE TO VIEW THE FORM 990 AT ANY TIME BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE EXECUTIVE BOARD CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE EXECUTIVE BOARD MAKES THE DETERMINATION AS TO WHETHER A CONFLICT OF INTEREST EXISTS. TRANSACTIONS WITH CONFLICTS CAN ONLY BE UNDERTAKEN IF ALL OF THE FOLLOWING ARE OBSERVED: 1. CONFLICT IS FULLY DISCLOSED 2. CONFLICTED INDIVIDUAL IS EXCLUDED FROM DISCUSSION AND APPROVAL OF THE TRANSACTION 3. COMPETITIVE BID OF COMPARABLE VALUATION EXISTS AND 4. THE EXECUTIVE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. EACH OFFICER AND MANAGEMENT EMPLOYEE WITH DELEGATED POWERS WHO CAN INFLUENCE THE ACTIONS OF THE ORGANIZATION ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS THEIR RECEIPT, UNDERSTANDING OF AND AGREED COMPLIANCE TO THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL OFFICERS OF THE LOCAL UNION ARE BOARD MEMBERS. THERE IS NO COMPENSATION FOR ANY OF THE OFFICERS FOR BOARD BUSINESS. THE BUILDING CO DOES NOT HAVE ANY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ELECTRICAL WORKERS BUILDING CO'S FINANCIAL STATEMENTS ARE OPEN TO ALL MEMBERS OF IBEW LOCAL 405. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 405
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0420668751
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ELEVATES THE MORAL, INTELLECTUAL, AND SOCIAL CONDITIONS OF ITS MEMBERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01211 WILEY BLVD SW
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CEDAR RAPIDS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd052404
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0499395
IRS990/TotalAssetsEOYAmt0681342
IRS990/TotalAssetsGrp/BOYAmt0499395
IRS990/TotalAssetsGrp/EOYAmt0681342
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0306274
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0138560
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0499395
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0681342
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt036200
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-21967
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt036200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0320507
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0499395
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0681342
IRS990/TotReportableCompRltdOrgAmt0115686
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01211 WILEY BLVD SW
IRS990/USAddress/CityNm0CEDAR RAPIDS
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd0524041320
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JUNIOR LUENSMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BUSINESS MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum03193968241
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELECTRICAL WORKERS BUILDING CO
ReturnHeader/Filer/BusinessNameControlTxt0ELEC
ReturnHeader/Filer/EIN0237046838
ReturnHeader/Filer/PhoneNum03193968241
ReturnHeader/Filer/USAddress/AddressLine1Txt01211 WILEY BLVD SW
ReturnHeader/Filer/USAddress/CityNm0CEDAR RAPIDS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd0524041320
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 3RD AVENUE SE SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CEDAR RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd052401
ReturnHeader/PreparerPersonGrp/PhoneNum03193632697
ReturnHeader/PreparerPersonGrp/PreparationDt02022-03-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID LITTLE
ReturnHeader/ReturnTs02022-03-29T07:55:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JUNIOR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LUENSMAN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$0.00$5.64$1.03$1.56$0.53
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.70$0.00$6.70$1.39$1.51$0.11
2021Detailed filing. Detailed filing data is available for this year.$6.81$0.00$6.81$3.21$1.39$1.82
2020Detailed filing. Detailed filing data is available for this year.$4.99$0.00$4.99$1.56$1.16$0.41
2019Detailed filing. Detailed filing data is available for this year.$4.59$0.00$4.59$1.36$1.32$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.54$0.00$4.54$1.33$1.19$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.41$0.00$4.41$2.86$1.13$1.73
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$0.00$2.68$0.94$1.14$0.20
2015Detailed filing. Detailed filing data is available for this year.$2.88$0.00$2.88$1.33$1.12$0.21
2014Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$0.92$1.08$0.16
2013Detailed filing. Detailed filing data is available for this year.$2.83$0.00$2.83$0.81$1.35$0.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$0.00$3.37$1.78$1.13$0.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$0.00$2.73$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.52$0.00$8.52$0.00