Civic Intelligence

Construction Advancement Foundation of Northwest Indiana Inc

990 • Fiscal year 2017 • EIN 26-1953297

Sep 01, 2016 to Aug 31, 2017 • Filed on Jan 08, 2018

6050 Southport Road Suite APortage, IN 46368

(219) 764-2883

Siviq Scores

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

Liabilities / Assets

24th percentile

0.03x

Higher debt load relative to assets than 24% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

42nd percentile

0.13x

Higher debt load relative to revenue than 42% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

14th percentile

-7.0%

Higher net margin than 14% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

73rd percentile

$208,637

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 18.2% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

24th percentile

-2.4%

Faster asset growth than 24% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

62nd percentile

7.2%

Faster revenue growth than 62% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$4,323,982

Down $106,605 (-2.4%) from 2016

Net Assets

Down

$4,179,431

Down $3,439 (-0.1%) from 2016

Liabilities

Down

$144,551

Down $103,166 (-42%) from 2016

Revenue

Up

$1,149,088

Up $76,738 (+7.2%) from 2016

Expenses

Down

$1,230,090

Down $57,994 (-4.5%) from 2016

Net Income

Up

-$81,002

Up $134,732 (+62%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $3,369,426Liabilities 2012: $0Net Assets 2012: $3,369,4262012Assets 2013: $4,258,903Liabilities 2013: $0Net Assets 2013: $4,258,9032013Assets 2014: $4,910,103Liabilities 2014: $440,929Net Assets 2014: $4,469,1742014Assets 2015: $4,675,196Liabilities 2015: $346,417Net Assets 2015: $4,328,7792015Assets 2016: $4,430,587Liabilities 2016: $247,717Net Assets 2016: $4,182,8702016Assets 2017: $4,323,982Liabilities 2017: $144,551Net Assets 2017: $4,179,4312017Assets 2018: $4,239,040Liabilities 2018: $37,178Net Assets 2018: $4,201,8622018Assets 2019: $4,202,888Liabilities 2019: $0Net Assets 2019: $4,202,8882019Assets 2020: $4,233,717Liabilities 2020: $100,372Net Assets 2020: $4,133,3452020Assets 2021: $4,430,111Liabilities 2021: $0Net Assets 2021: $4,430,1112021Assets 2022: $4,115,994Liabilities 2022: $0Net Assets 2022: $4,115,9942022Assets 2023: $4,469,868Liabilities 2023: $25,504Net Assets 2023: $4,444,3642023Assets 2024: $5,070,280Liabilities 2024: $18,617Net Assets 2024: $5,051,6632024

Highlighted filing

2017

Assets$4,323,982
Liabilities$144,551
Net Assets$4,179,431

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $1,132,1452012Expenses 2013: $1,198,5002013Revenue 2014: $1,703,304Expenses 2014: $1,386,271Net Income 2014: $317,0332014Revenue 2015: $1,262,068Expenses 2015: $1,339,751Net Income 2015: -$77,6832015Revenue 2016: $1,072,350Expenses 2016: $1,288,084Net Income 2016: -$215,7342016Revenue 2017: $1,149,088Expenses 2017: $1,230,090Net Income 2017: -$81,0022017Revenue 2018: $1,264,147Expenses 2018: $1,202,110Net Income 2018: $62,0372018Revenue 2019: $1,289,615Expenses 2019: $1,239,783Net Income 2019: $49,8322019Revenue 2020: $1,046,651Expenses 2020: $1,245,060Net Income 2020: -$198,4092020Revenue 2021: $1,176,803Expenses 2021: $1,196,380Net Income 2021: -$19,5772021Revenue 2022: $1,445,050Expenses 2022: $1,299,374Net Income 2022: $145,6762022Revenue 2023: $1,676,461Expenses 2023: $1,446,974Net Income 2023: $229,4872023Revenue 2024: $1,876,987Expenses 2024: $1,500,653Net Income 2024: $376,3342024

Highlighted filing

2017

Revenue$1,149,088
Expenses$1,230,090
Net Income-$81,002
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jan 8, 2018
Return Version
2016v3.0
Gross Receipts
$1,766,920
Mission and Program Overview

Mission

The foundation's purpose is to promote, improve, and advance the construction contracting industry in northwest indiana. Among other activities, the foundation is active in encouraging the employment of ethical practices, improved technology, proper land use, increased efficiency, apprenticeship training, advanced skill training, safety education, accident prevention, and improving cooperation and understanding between contractors and other professions and organizations directly involved in the construction industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,660,638$2,555,107▼ $105,531
Investments in Publicly Traded Securities$1,535,082$1,655,540▲ $120,458
Savings and Temporary Cash Investments$223,806$102,723▼ $121,083
Cash and Non-Interest-Bearing Accounts$10,651$9,492▼ $1,159
Total Assets$4,430,587$4,323,982▼ $106,605
Other Assets Total$410$1,120▲ $710
Liabilities
Mortgage Notes Payable Secured by Investment Property$247,394$144,551▼ $102,843
Other Liabilities$323--
Total Liabilities$247,717$144,551▼ $103,166
Net Assets / Fund Balance
Unrestricted Net Assets$4,182,870$4,179,431▼ $3,439
Total Net Assets Fund Balance$4,182,870$4,179,431▼ $3,439
Total Liabilities and Net Assets / Fund Balance$4,430,587$4,323,982▼ $106,605

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,249,202$809,337$3,058,539
Equipment$74,905$184,032$258,937
Land$231,000-$231,000
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Dewey PearmanExecutive Di$179,464$29,173$208,637
Dewey PearmanExecutive Director$169,464$39,173$208,637
James ArendasEmployee$136,136$25,390$161,526

Board Members and Trustees

NameTitle
Jim DyerChairman
Dan SopczakVice-chairma
Brad NeibertDirector
Chris BuckmanDirector
Claude PowersDirector
Jeff SwanDirector
Jim FarohDirector
Joe CoarDirector
John WysockeyDirector
Larry MacugaDirector
Mark GrimmerDirector
Mark SternDirector
Matt GariupDirector
Scott VidimosDirector
William Hasse IiiDirector
Mark DanielsonSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$137,444
Program Service Revenue
$917,194
Investment Income
$59,621
Other Revenue
$34,829
Change in Net Assets
$-81,002

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,149,088
Revenue Not Reported on Form 990
$77,802
Total Revenue per Audited Statements
$1,226,890
Total Revenue per Form 990
$1,149,088
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$694,041
Other Expenses$536,049
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$268,908$79,836-$348,744
Current Officers, Directors, Trustees, and Key Employees$166,910$41,727-$208,637
Depreciation Depletion-$105,293-$105,293
Other Employee Benefits$26,659$40,016-$66,675
All Other Expenses$34,368$20,434-$54,802
Advertising$52,068--$52,068
Occupancy$20,484$20,483-$40,967
Payroll Taxes$27,702$8,440-$36,142
Pension Plan Contributions$25,979$7,864-$33,843
Travel$12,720$12,718-$25,438
Insurance$8,939$8,938-$17,877
Fees for Service Investment Mgmnt Fees-$16,575-$16,575
Office Expenses$8,067$7,643-$15,710
Other Expenses$29,603$14,331-$14,331
Fees for Services Lobbying-$12,657-$12,657
Interest-$8,757-$8,757
Fees for Services Legal$3,799$3,799-$7,598
Total Functional Expenses$794,187$435,903$0$1,230,090

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,230,329
Expenses per Audited Statements$1,230,090
Total Expenses per Form 990$1,230,090
Expenses Not Reported on Form 990$239
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
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Copies of the return are reviewed by the executive committee and then made available to the full board of directors for their review.

Form 990, Page 6, Part VI, Line 12C

Board members are given a copy of the policy at the september board meeting each year and asked to disclose in writing any conflicts of interest and sign and date the copy. The signed copies are filed in the office records.

Form 990, Page 6, Part VI, Line 15A

The executive committee does a performance review of the executive director and then makes a recommendation to the full board of directors at which time the recommendation is discussed and voted upon.

Form 990, Page 6, Part VI, Line 19

Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Construction Advancement Foundation
EIN
26-1953297
Phone
2197642883
Address
6050 SOUTHPORT ROAD SUITE A, PORTAGE, IN 46368

Signing Officer

Name
Dewey Pearman
Title
Executive Director
Phone
2197642883
Signed
2018-01-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dewey Pearman
Formed
2006
Legal Domicile
In
Voting Board Members
16
Independent Board Members
16
Employees
6

Preparer

Firm
Mcmahon & Associates Cpas Pc
Address
10010 CALUMET AVE, MUNSTER, IN 46321-3976
Preparer
Matthew Stosich CPA
Phone
2199243450
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The foundation's purpose is to promote, improve, and advance the construction contracting industry in northwest indiana. Among other activities, the foundation is active in encouraging the employment of ethical practices, improved technology, proper land use, increased efficiency, apprenticeship training, advanced skill training, safety education, accident prevention, and improving cooperation and understanding between contractors and other professions and organizations directly involved in the construction industry.

Form 990, Part XI, Line 9

Book / tax depreciation difference -239

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has adopted the provisions of asc 740-10-25, which requires an organization to disclose any income tax uncertainties, including tax positions for which it is reasonably possible that the unrecognized tax benefit will significantly change in the next 12 months. The organization believes that all income tax positions are reasonable and that the total amounts of unrecognized tax benefits will not significantly increase or decrease within 12 months of the reporting date. As a non- profit organization, the entity is exempt from income taxes. The organization did not recognize any income tax penalties during the fiscal year ended august 31, 2017. In general, the organization is no longer subject to examinations for years prior to 2015.

Schedule D, Page 4, Part XII, Line 2D

Book / tax depreciation difference 239

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IRS990/MissionDesc0THE FOUNDATION'S PURPOSE IS TO PROMOTE, IMPROVE, AND ADVANCE THE CONSTRUCTION CONTRACTING INDUSTRY IN NORTHWEST INDIANA. AMONG OTHER ACTIVITIES, THE FOUNDATION IS ACTIVE IN ENCOURAGING THE EMPLOYMENT OF ETHICAL PRACTICES, IMPROVED TECHNOLOGY, PROPER LAND USE, INCREASED EFFICIENCY, APPRENTICESHIP TRAINING, ADVANCED SKILL TRAINING, SAFETY EDUCATION, ACCIDENT PREVENTION, AND IMPROVING COOPERATION AND UNDERSTANDING BETWEEN CONTRACTORS AND OTHER PROFESSIONS AND ORGANIZATIONS DIRECTLY INVOLVED IN THE CONSTRUCTION INDUSTRY.
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt026659
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066675
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IRS990/OtherExpensesGrp/Desc2EDUCATION COMMITTEE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt114331
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IRS990/OtherExpensesGrp/ProgramServicesAmt126392
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08440
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IRS990/PYSalariesCompEmpBnftPaidAmt0672169
IRS990/PYTotalExpensesAmt01288084
IRS990/PYTotalRevenueAmt01072350
IRS990/ReconcilationRevenueExpnssAmt0-81002
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0102723
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt02249202
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0809337
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03058539
IRS990ScheduleD/EquipmentGrp/BookValueAmt074905
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0184032
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0258937
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IRS990ScheduleD/ExpensesSubtotalAmt01230090
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0231000
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IRS990ScheduleD/OtherExpensesIncludedAmt0239
IRS990ScheduleD/RevenueNotReportedAmt077802
IRS990ScheduleD/RevenueSubtotalAmt01149088
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ASC 740-10-25, WHICH REQUIRES AN ORGANIZATION TO DISCLOSE ANY INCOME TAX UNCERTAINTIES, INCLUDING TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE UNRECOGNIZED TAX BENEFIT WILL SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE ORGANIZATION BELIEVES THAT ALL INCOME TAX POSITIONS ARE REASONABLE AND THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL NOT SIGNIFICANTLY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE REPORTING DATE. AS A NON- PROFIT ORGANIZATION, THE ENTITY IS EXEMPT FROM INCOME TAXES. THE ORGANIZATION DID NOT RECOGNIZE ANY INCOME TAX PENALTIES DURING THE FISCAL YEAR ENDED AUGUST 31, 2017. IN GENERAL, THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS FOR YEARS PRIOR TO 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK / TAX DEPRECIATION DIFFERENCE 239
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleD/TotalExpensesPerForm990Amt01230090
IRS990ScheduleD/TotalRevenuePerForm990Amt01149088
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01226890
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1136136
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt017373
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt113590
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DEWEY PEARMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JAMES ARENDAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EMPLOYEE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S PURPOSE IS TO PROMOTE, IMPROVE, AND ADVANCE THE CONSTRUCTION CONTRACTING INDUSTRY IN NORTHWEST INDIANA. AMONG OTHER ACTIVITIES, THE FOUNDATION IS ACTIVE IN ENCOURAGING THE EMPLOYMENT OF ETHICAL PRACTICES, IMPROVED TECHNOLOGY, PROPER LAND USE, INCREASED EFFICIENCY, APPRENTICESHIP TRAINING, ADVANCED SKILL TRAINING, SAFETY EDUCATION, ACCIDENT PREVENTION, AND IMPROVING COOPERATION AND UNDERSTANDING BETWEEN CONTRACTORS AND OTHER PROFESSIONS AND ORGANIZATIONS DIRECTLY INVOLVED IN THE CONSTRUCTION INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES OF THE RETURN ARE REVIEWED BY THE EXECUTIVE COMMITTEE AND THEN MADE AVAILABLE TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE GIVEN A COPY OF THE POLICY AT THE SEPTEMBER BOARD MEETING EACH YEAR AND ASKED TO DISCLOSE IN WRITING ANY CONFLICTS OF INTEREST AND SIGN AND DATE THE COPY. THE SIGNED COPIES ARE FILED IN THE OFFICE RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE COMMITTEE DOES A PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR AND THEN MAKES A RECOMMENDATION TO THE FULL BOARD OF DIRECTORS AT WHICH TIME THE RECOMMENDATION IS DISCUSSED AND VOTED UPON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE -239
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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