Civic Intelligence

Construction Advancement Foundation of Northwest Indiana Inc

990 • Fiscal year 2018 • EIN 26-1953297

Sep 01, 2017 to Aug 31, 2018 • Filed on Jan 08, 2019

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

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

22nd percentile

0.03x

Higher debt load relative to revenue than 22% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

55th percentile

4.9%

Higher net margin than 55% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

75th percentile

$217,542

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

34th percentile

-2.0%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

72nd percentile

10%

Faster revenue growth than 72% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$4,239,040

Down $84,942 (-2.0%) from 2017

Net Assets

Up

$4,201,862

Up $22,431 (+0.5%) from 2017

Liabilities

Down

$37,178

Down $107,373 (-74%) from 2017

Revenue

Up

$1,264,147

Up $115,059 (+10%) from 2017

Expenses

Down

$1,202,110

Down $27,980 (-2.3%) from 2017

Net Income

Up

$62,037

Up $143,039 (+177%) from 2017

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

2018

Assets$4,239,040
Liabilities$37,178
Net Assets$4,201,862

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

2018

Revenue$1,264,147
Expenses$1,202,110
Net Income$62,037
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jan 8, 2019
Return Version
2017v2.3
Gross Receipts
$1,786,510
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$2,555,107$2,465,699▼ $89,408
Investments in Publicly Traded Securities$1,655,540$1,717,254▲ $61,714
Savings and Temporary Cash Investments$102,723$46,072▼ $56,651
Cash and Non-Interest-Bearing Accounts$9,492$10,015▲ $523
Total Assets$4,323,982$4,239,040▼ $84,942
Other Assets Total$1,120--
Liabilities
Mortgage Notes Payable Secured by Investment Property$144,551$37,178▼ $107,373
Total Liabilities$144,551$37,178▼ $107,373
Net Assets / Fund Balance
Unrestricted Net Assets$4,179,431$4,201,862▲ $22,431
Total Net Assets Fund Balance$4,179,431$4,201,862▲ $22,431
Total Liabilities and Net Assets / Fund Balance$4,323,982$4,239,040▼ $84,942

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,182,156$891,046$3,073,202
Equipment$52,543$206,200$258,743
Land$231,000-$231,000
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Dewey PearmanExecutive Di$186,396$31,146$217,542
Dewey PearmanExecutive Director$171,396$46,146$217,542
James ArendasEmployee$142,904$26,814$169,718

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
$26,930
Program Service Revenue
$979,738
Investment Income
$222,781
Other Revenue
$34,698
Change in Net Assets
$62,037

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,264,147
Revenue Not Reported on Form 990
$-39,631
Total Revenue per Audited Statements
$1,224,516
Total Revenue per Form 990
$1,264,147
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$731,964
Other Expenses$470,146
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$283,538$84,181-$367,719
Current Officers, Directors, Trustees, and Key Employees$174,034$43,508-$217,542
Depreciation Depletion-$105,206-$105,206
Advertising$86,287--$86,287
Other Employee Benefits$29,382$44,249-$73,631
All Other Expenses$19,961$32,042-$52,003
Payroll Taxes$29,810$8,617-$38,427
Occupancy$18,567$18,567-$37,134
Pension Plan Contributions$26,514$8,131-$34,645
Other Expenses$19,571$13,999-$19,571
Insurance$9,462$9,462-$18,924
Fees for Service Investment Mgmnt Fees-$16,319-$16,319
Office Expenses$8,108$7,737-$15,845
Travel$7,390$7,390-$14,780
Fees for Services Legal$7,200$7,200-$14,400
Fees for Services Lobbying-$6,359-$6,359
Interest-$4,227-$4,227
Total Functional Expenses$784,916$417,194$0$1,202,110

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,202,110
Expenses per Audited Statements$1,202,085
Total Expenses per Audited Statements$1,202,085
Expenses Not Reported on Financial Statements$25
Other Expense Adjustments$25
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
2019-01-08
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 25

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, 2018. In general, the organization is no longer subject to examinations for years prior to 2016.

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

Book / tax depreciation difference 25

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0206200
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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, 2018. IN GENERAL, THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS FOR YEARS PRIOR TO 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK / TAX DEPRECIATION DIFFERENCE 25
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalExpensesPerForm990Amt01202110
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1142904
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt113614
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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 25
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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