Liabilities / Assets
51st percentile
Higher debt load relative to assets than 51% of similar nonprofits.
Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association
990 • Fiscal year 2020 • EIN 32-6528294
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
53rd percentile
Higher debt load relative to revenue than 53% of similar nonprofits.
Net Margin
98th percentile
Higher net margin than 98% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 45.9% of source-year revenue.
Asset Growth
93rd percentile
Faster asset growth than 93% of similar nonprofits.
Revenue Growth
96th percentile
Faster revenue growth than 96% of similar nonprofits.
Balance Sheet
Assets
Up$1,625,797
Up $554,070 (+52%) from 2019
Net Assets
Up$1,620,953
Up $549,226 (+51%) from 2019
Liabilities
Up$4,844
Up $4,844 from 2019
Revenue And Expenses
Revenue
Up$595,895
Up $285,956 (+92%) from 2019
Expenses
Up$30,439
Up $359 (+1.2%) from 2019
Net Income
Up$565,456
Up $285,597 (+102%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- May 6, 2021
- Return Version
- 2020v4.1
- Gross Receipts
- $2,150,223
Mission and Program Overview
Mission
Provides reimbursements to eligible retirees of the illinois fair plan association for certain medical expenses occurred by the retirees, their spouses, and dependent children.
Volunteer association used as a funding vehicle, providing reimbursements to retirees of the ifpa.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $1,071,727 | $1,620,953 | ▲ $549,226 |
| Investments in Publicly Traded Securities | $961,174 | $1,404,681 | ▲ $443,507 |
| Savings and Temporary Cash Investments | $108,694 | $220,473 | ▲ $111,779 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $1,071,727 | $1,625,797 | ▲ $554,070 |
| Other Assets Total | $1,859 | $643 | ▼ $1,216 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | - | $4,844 | - |
| Total Liabilities | $0 | $4,844 | ▲ $4,844 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $1,071,727 | $1,620,953 | ▲ $549,226 |
| Total Liabilities and Net Assets / Fund Balance | $1,071,727 | $1,625,797 | ▲ $554,070 |
Compensation and Service Providers
Employees
| Name | Title | Other | Total |
|---|---|---|---|
| Snehal Pandya | Trustee | $142,772 | $142,772 |
| Loida Guerra | Trustee | $141,645 | $141,645 |
Board Members and Trustees
| Name | Title |
|---|---|
| - | Trustee |
| Joseph Hathaway | Trustee |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $420,000
- Investment Income
- $175,895
- Other Revenue
- $0
- Change in Net Assets
- $565,456
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $30,439 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Accounting | - | - | - | $16,750 |
| Fees for Service Investment Mgmnt Fees | - | - | - | $13,689 |
| Total Functional Expenses | $0 | $0 | $0 | $30,439 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- 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
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- Yes
Governance Explanations
Form 990, Part VI, Section A, Line 3
“The illinois fair plan (ifpa) and the plan administrator selected bmo harris bank (former) and wintrust bank (current) as corporate co-trustees and custodians of the assets of the veba trust and entered into a trust agreements with the co-trustees of behalf of the veba. The plan administrator, which is a fiduciary of the plan and the veba trust, has the authority and responsibility for developing investment objectives for the veba trust and the corporate trustees have discretionary authority and responsibility for all investment and preservation of the veba trust assets, subject to the investment objectives established by the plan administrator and non-corporate trustees of the veba trust.”
Form 990, Part VI, Section A, Line 8B
“No committee authorized to act on behalf of the governing body.”
Form 990, Part VI, Section B, Line 11B
“Form 990 is completed by an independent cpa and is then reviewed by the governing body before it is filed.”
Form 990, Part VI, Section B, Line 12C
“Trustees discuss and review conflicts annually at a meeting of the trustees.”
Form 990, Part VI, Section B, Line 15
“Certain trustees are compensated employees of a related organization, illinois fair plan association. Compensation review procedures are performed by the related organization. Compensation is based on a salary grid with specific salary reanges for all employees at the association. Salary ranges in place for all positions within the association were developed based on similar positions within the industry and are updated annually with cost of living adjustments. A salary survey was completed in 2019 to confirm accuracy. Annual adjustments in compensation are proposed by appropriate supervisor, based on industry averages and performance, and approved by the general manager as well as the executive and compensation committee. The general manager's salary is determined by the executive and compensation committees.”
Form 990, Part VI, Section C, Line 19
“Governing documents and financial reports are available upon written request to the beneficiaries of the veba. In addition, the veba is a funding vehicle for a group health plan that is subject to erisa, and the plan documents, trust agreeements, and summary plan description are provided to the beneficiaries upon request.”
Filing and Contact Details
Filer
- Filer Name
- Ifpa Retiree Veba Trust
- EIN
- 32-6528294
- Phone
- 3128610385
- Address
- 180 NORTH STETSON AVENUE NO 2800, CHICAGO, IL 60601
Signing Officer
- Name
- Joseph a Hathaway
- Title
- General Manager
- Phone
- 3128610385
- Signed
- 2021-05-06
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Joseph a Hathaway
- Formed
- 2018
- Legal Domicile
- Il
- Voting Board Members
- 3
- Independent Board Members
- 0
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- Deming Malone Livesay & Ostroff Psc
- Address
- 9300 SHELBYVILLE ROAD SUITE 1100, LOUISVILLE, KY 40222-5187
- Preparer
- Sarah K Antle
- Phone
- 5024269660
Raw XML Appendix333 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 |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 4844 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | VOLUNTEER ASSOCIATION USED AS A FUNDING VEHICLE, PROVIDING REIMBURSEMENTS TO RETIREES OF THE IFPA. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | JOSEPH A HATHAWAY |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3128610385 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 180 NORTH STETSON AVE SUITE 2800 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CHICAGO |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60601 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 175895 |
| IRS990/CYOtherExpensesAmt | 0 | 30439 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 420000 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 565456 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 30439 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 595895 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/Desc | 0 | PROVIDES REIMBURSEMENTS TO ELIGIBLE RETIREES OF THE ILLINOIS FAIR PLAN ASSOCIATION FOR CERTAIN MEDICAL EXPENSES OCCURRED BY THE RETIREES, THEIR SPOUSES, AND DEPENDENT CHILDREN. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 16750 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 13689 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 37.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 37.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 37.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt | 0 | BMO HARRIS BANK |
| IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt | 1 | WINTRUST BRANK |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 73597 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 26039 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 41526 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JOSEPH HATHAWAY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | SNEHAL PANDYA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | LOIDA GUERRA |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 200001 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 116733 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 100119 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TRUSTEE |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2018 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 135555 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 3 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 1689883 |
| IRS990/GrossReceiptsAmt | 0 | 2150223 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 0 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 40340 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 40340 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 961174 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 1404681 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | IL |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 1554328 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | PROVIDES REIMBURSEMENTS TO ELIGIBLE RETIREES OF THE ILLINOIS FAIR PLAN ASSOCIATION FOR CERTAIN MEDICAL EXPENSES OCCURRED BY THE RETIREES, THEIR SPOUSES, AND DEPENDENT CHILDREN. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1071727 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1620953 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 135555 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 135555 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -16230 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1859 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 643 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | JOSEPH A HATHAWAY |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | EMPLOYER CONTRIBUTIONS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 420000 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 420000 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 24939 |
| IRS990/PYOtherExpensesAmt | 0 | 30080 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 285000 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 279859 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 30080 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 309939 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 565456 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 1071727 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 1620953 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 108694 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 220473 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 9750 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 189529 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 40106 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 33491 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 722 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | JOSEPH HATHAWAY |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | TRUSTEE |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 273598 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | CERTAIN TRUSTEES ARE COMPENSATED EMPLOYEES OF A RELATED ORGANIZATION, ILLINOIS FAIR PLAN ASSOCIATION. COMPENSATION REVIEW PROCEDURES ARE PERFORMED BY THE RELATED ORGANIZATION. COMPENSATION IS BASED ON A SALARY GRID WITH SPECIFIC SALARY REANGES FOR ALL EMPLOYEES AT THE ASSOCIATION. SALARY RANGES IN PLACE FOR ALL POSITIONS WITHIN THE ASSOCIATION WERE DEVELOPED BASED ON SIMILAR POSITIONS WITHIN THE INDUSTRY AND ARE UPDATED ANNUALLY WITH COST OF LIVING ADJUSTMENTS. A SALARY SURVEY WAS COMPLETED IN 2019 TO CONFIRM ACCURACY. ANNUAL ADJUSTMENTS IN COMPENSATION ARE PROPOSED BY APPROPRIATE SUPERVISOR, BASED ON INDUSTRY AVERAGES AND PERFORMANCE, AND APPROVED BY THE GENERAL MANAGER AS WELL AS THE EXECUTIVE AND COMPENSATION COMMITTEE. THE GENERAL MANAGER'S SALARY IS DETERMINED BY THE EXECUTIVE AND COMPENSATION COMMITTEES. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 3 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ILLINOIS FAIR PLAN (IFPA) AND THE PLAN ADMINISTRATOR SELECTED BMO HARRIS BANK (FORMER) AND WINTRUST BANK (CURRENT) AS CORPORATE CO-TRUSTEES AND CUSTODIANS OF THE ASSETS OF THE VEBA TRUST AND ENTERED INTO A TRUST AGREEMENTS WITH THE CO-TRUSTEES OF BEHALF OF THE VEBA. THE PLAN ADMINISTRATOR, WHICH IS A FIDUCIARY OF THE PLAN AND THE VEBA TRUST, HAS THE AUTHORITY AND RESPONSIBILITY FOR DEVELOPING INVESTMENT OBJECTIVES FOR THE VEBA TRUST AND THE CORPORATE TRUSTEES HAVE DISCRETIONARY AUTHORITY AND RESPONSIBILITY FOR ALL INVESTMENT AND PRESERVATION OF THE VEBA TRUST ASSETS, SUBJECT TO THE INVESTMENT OBJECTIVES ESTABLISHED BY THE PLAN ADMINISTRATOR AND NON-CORPORATE TRUSTEES OF THE VEBA TRUST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | NO COMMITTEE AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | FORM 990 IS COMPLETED BY AN INDEPENDENT CPA AND IS THEN REVIEWED BY THE GOVERNING BODY BEFORE IT IS FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TRUSTEES DISCUSS AND REVIEW CONFLICTS ANNUALLY AT A MEETING OF THE TRUSTEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | CERTAIN TRUSTEES ARE COMPENSATED EMPLOYEES OF A RELATED ORGANIZATION, ILLINOIS FAIR PLAN ASSOCIATION. COMPENSATION REVIEW PROCEDURES ARE PERFORMED BY THE RELATED ORGANIZATION. COMPENSATION IS BASED ON A SALARY GRID WITH SPECIFIC SALARY REANGES FOR ALL EMPLOYEES AT THE ASSOCIATION. SALARY RANGES IN PLACE FOR ALL POSITIONS WITHIN THE ASSOCIATION WERE DEVELOPED BASED ON SIMILAR POSITIONS WITHIN THE INDUSTRY AND ARE UPDATED ANNUALLY WITH COST OF LIVING ADJUSTMENTS. A SALARY SURVEY WAS COMPLETED IN 2019 TO CONFIRM ACCURACY. ANNUAL ADJUSTMENTS IN COMPENSATION ARE PROPOSED BY APPROPRIATE SUPERVISOR, BASED ON INDUSTRY AVERAGES AND PERFORMANCE, AND APPROVED BY THE GENERAL MANAGER AS WELL AS THE EXECUTIVE AND COMPENSATION COMMITTEE. THE GENERAL MANAGER'S SALARY IS DETERMINED BY THE EXECUTIVE AND COMPENSATION COMMITTEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | GOVERNING DOCUMENTS AND FINANCIAL REPORTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE BENEFICIARIES OF THE VEBA. IN ADDITION, THE VEBA IS A FUNDING VEHICLE FOR A GROUP HEALTH PLAN THAT IS SUBJECT TO ERISA, AND THE PLAN DOCUMENTS, TRUST AGREEEMENTS, AND SUMMARY PLAN DESCRIPTION ARE PROVIDED TO THE BENEFICIARIES UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 1 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | ILLINOIS FAIR PLAN ASSOCIATION |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 362688813 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(C)(6) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | IL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | INSURANCE |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 180 NORTH STETSON SUITE 2800 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | CHICAGO |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 60601 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 1 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 0 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 0 | 420000 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt | 0 | CASH |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt | 0 | ILLINOIS FAIR PLAN ASSOCIATION |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt | 0 | C |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 0 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 1071727 |
| IRS990/TotalAssetsEOYAmt | 0 | 1625797 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1071727 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1625797 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 1 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 30439 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 4844 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 4844 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 1071727 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1620953 |
| IRS990/TotalOtherCompensationAmt | 0 | 141162 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 420000 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 175895 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 420000 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 595895 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1071727 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1625797 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 416853 |
| IRS990/TypeOfOrganizationTrustInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 180 NORTH STETSON AVENUE NO 2800 |
| IRS990/USAddress/CityNm | 0 | CHICAGO |
| IRS990/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/USAddress/ZIPCd | 0 | 60601 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 3 |
| IRS990/VotingMembersIndependentCnt | 0 | 0 |
| IRS990/WebsiteAddressTxt | 0 | WWW.ILLINOISFAIRPLAN.COM |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOSEPH A HATHAWAY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | GENERAL MANAGER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3128610385 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-05-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | IFPA RETIREE VEBA TRUST |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | C/O ILLINOIS FAIR PLAN ASSOCIATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | IFPA |
| ReturnHeader/Filer/EIN | 0 | 326528294 |
| ReturnHeader/Filer/PhoneNum | 0 | 3128610385 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 180 NORTH STETSON AVENUE NO 2800 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CHICAGO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 60601 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 611064249 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DEMING MALONE LIVESAY & OSTROFF PSC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 9300 SHELBYVILLE ROAD SUITE 1100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LOUISVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 402225187 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5024269660 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SARAH K ANTLE |
| ReturnHeader/ReturnTs | 0 | 2021-05-10T11:37:31-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JOSEPH |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | HATHAWAY |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $1,625,797
- Liabilities
- $4,844
- Net assets
- $1,620,953
- Revenue
- $595,895
- Expenses
- $30,439
- Net income
- $565,456