Civic Intelligence

Ipalco Enterprises Inc Voluntary Employee Beneficiary Assoc Trust

990 • Fiscal year 2019 • EIN 35-1946825

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 10, 2020

Organization ProfileN/A

View Organization Page

4550 Middle Road Suite AColumbus, IN 47202-2369

(812) 378-9960

Siviq Scores

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

Liabilities / Assets

38th percentile

0.01x

Higher debt load relative to assets than 38% of similar nonprofits.

2019 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

0.10x

Higher debt load relative to revenue than 63% of similar nonprofits.

2019 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2019

Net Margin

7th percentile

-25%

Higher net margin than 7% of similar nonprofits.

2019 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2019

Asset Growth

45th percentile

8.2%

Faster asset growth than 45% of similar nonprofits.

2019 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

2.7%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$58,784,969

Up $4,447,782 (+8.2%) from 2018

Net Assets

Up

$58,276,601

Up $4,596,757 (+8.6%) from 2018

Liabilities

Down

$508,368

Down $148,975 (-23%) from 2018

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin7th percentile

Revenue

Up

$5,047,867

Up $131,294 (+2.7%) from 2018

Expenses

Up

$6,330,621

Up $473,420 (+8.1%) from 2018

Net Income

Down

-$1,282,754

Down $342,126 (-36%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$80M$60M$40M$20M$0Assets 2010: $72,168,854Liabilities 2010: $917,367Net Assets 2010: $71,251,4872010Assets 2011: $65,037,702Liabilities 2011: $619,292Net Assets 2011: $64,418,4102011Assets 2012: $66,085,602Liabilities 2012: $651,048Net Assets 2012: $65,434,5542012Assets 2013: $69,294,317Liabilities 2013: $920,272Net Assets 2013: $68,374,0452013Assets 2014: $66,579,224Liabilities 2014: $1,238,660Net Assets 2014: $65,340,5642014Assets 2015: $61,225,873Liabilities 2015: $1,241,671Net Assets 2015: $59,984,2022015Assets 2016: $58,280,859Liabilities 2016: $793,858Net Assets 2016: $57,487,0012016Assets 2017: $62,064,863Liabilities 2017: $611,061Net Assets 2017: $61,453,8022017Assets 2018: $54,337,187Liabilities 2018: $657,343Net Assets 2018: $53,679,8442018Assets 2019: $58,784,969Liabilities 2019: $508,368Net Assets 2019: $58,276,6012019Assets 2020: $61,847,448Liabilities 2020: $929,293Net Assets 2020: $60,918,1552020Assets 2021: $63,954,238Liabilities 2021: $575,272Net Assets 2021: $63,378,9662021Assets 2022: $48,084,701Liabilities 2022: $1,028,953Net Assets 2022: $47,055,7482022Assets 2023: $51,285,992Liabilities 2023: $199,202Net Assets 2023: $51,086,7902023Assets 2024: $54,038,004Liabilities 2024: $161,379Net Assets 2024: $53,876,6252024

Highlighted filing

2019

Assets$58,784,969
Liabilities$508,368
Net Assets$58,276,601
Open 2019 Filing

Operations Trend

Revenue Growth40th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $7,074,0682010Expenses 2011: $6,991,3712011Expenses 2012: $8,174,3822012Revenue 2013: $4,438,501Expenses 2013: $8,171,220Net Income 2013: -$3,732,7192013Revenue 2014: $4,666,513Expenses 2014: $7,295,409Net Income 2014: -$2,628,8962014Revenue 2015: $6,337,308Expenses 2015: $7,741,574Net Income 2015: -$1,404,2662015Revenue 2016: $6,275,935Expenses 2016: $6,691,054Net Income 2016: -$415,1192016Revenue 2017: $5,855,718Expenses 2017: $6,211,600Net Income 2017: -$355,8822017Revenue 2018: $4,916,573Expenses 2018: $5,857,201Net Income 2018: -$940,6282018Revenue 2019: $5,047,867Expenses 2019: $6,330,621Net Income 2019: -$1,282,7542019Revenue 2020: $7,621,815Expenses 2020: $6,007,619Net Income 2020: $1,614,1962020Revenue 2021: $6,244,548Expenses 2021: $5,109,410Net Income 2021: $1,135,1382021Revenue 2022: $5,227,402Expenses 2022: $5,369,624Net Income 2022: -$142,2222022Revenue 2023: $3,004,193Expenses 2023: $2,539,648Net Income 2023: $464,5452023Revenue 2024: $2,941,946Expenses 2024: $2,605,181Net Income 2024: $336,7652024

Highlighted filing

2019

Revenue$5,047,867
Expenses$6,330,621
Net Income-$1,282,754
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 10, 2020
Return Version
2019v5.0
Gross Receipts
$5,047,867
Mission and Program Overview

Mission

Provide post-retirement medical benefits to eligible retirees and their eligible dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$53,679,844$58,276,601▲ $4,596,757
Investments in Publicly Traded Securities$53,975,014$57,839,715▲ $3,864,701
Accounts Receivable$354,091$935,114▲ $581,023
Prepaid Expenses and Deferred Charges$5,280$5,280→ $0
Savings and Temporary Cash Investments$2,802$4,860▲ $2,058
Total Assets$54,337,187$58,784,969▲ $4,447,782
Liabilities
Other Liabilities$592,304$449,512▼ $142,792
Accounts Payable and Accrued Expenses$65,039$58,856▼ $6,183
Total Liabilities$657,343$508,368▼ $148,975
Net Assets / Fund Balance
Total Net Assets Fund Balance$53,679,844$58,276,601▲ $4,596,757
Total Liabilities and Net Assets / Fund Balance$54,337,187$58,784,969▲ $4,447,782
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Charissa AmbroseTrustee
Max CalifarCommittee Ch
Stephen J PlunkettCommittee Me
Stephen L MeyerCommittee Se
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,872,273
Investment Income
$175,594
Other Revenue
$0
Change in Net Assets
$-1,282,754

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,047,867
Total Revenue per Audited Statements
$5,047,867
Total Revenue per Form 990
$5,047,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$846,712
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
Benefits to Members$5,483,909--$5,483,909
Fees for Services Other$489,836--$489,836
Fees for Services Management$129,000--$129,000
Fees for Service Investment Mgmnt Fees$92,422--$92,422
Insurance$44,398--$44,398
Fees for Services Legal$43,717--$43,717
Fees for Services Accounting$14,450--$14,450
Other Expenses$1,882--$1,882
All Other Expenses$1,065--$1,065
Total Functional Expenses$6,330,621$0$0$6,330,621

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,330,621
Total Expenses per Audited Statements$6,330,621
Total Expenses per Form 990$6,330,621
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Benefit Claims Payable$449,512
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
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“National bank of indianapolis is the trustee of the plan and manages cash receipts and disbursements.”

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

“Copy of form 990 provided to all members of governing body for review prior to filing.”

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

“No enforcement of conflict of interests policies have been required.”

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

“Board compensation has been reviewed for comparability and reasonableness.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Ipalco Enterprises Inc Voluntary
EIN
35-1946825
Phone
8123789960
Address
4550 MIDDLE ROAD SUITE A, COLUMBUS, IN 47202-2369

Signing Officer

Name
Max Califar
Title
Committee Chairman
Phone
8123789960
Signed
2020-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Max Califar
Formed
2000
Legal Domicile
In
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Horizon CPA Services Inc
Address
9745 RANDALL DR SUITE 140, INDIANAPOLIS, IN 46280-2944
Preparer
A Bradley Mares CPA
Phone
3176441468
Raw XML Appendix293 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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ReturnHeader/BuildTS02021-04-22 16:20:28Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum08123789960
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IPALCO ENTERPRISES INC VOLUNTARY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EMPLOYEE BENEFICIARY ASSOC TRUST
ReturnHeader/Filer/BusinessNameControlTxt0IPAL
ReturnHeader/Filer/EIN0351946825
ReturnHeader/Filer/PhoneNum08123789960
ReturnHeader/Filer/USAddress/AddressLine1Txt04550 MIDDLE ROAD SUITE A
ReturnHeader/Filer/USAddress/CityNm0COLUMBUS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd0472022369
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03572BEBB2CE418BF6DE9908884FB162166186B54
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId030E1BC6AE51474346B14BEDE486E6B61A5CBE132
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.38.98.93
ReturnHeader/FilingSecurityInformation/IPDt02020-10-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:34:36
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204287594
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HORIZON CPA SERVICES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09745 RANDALL DR SUITE 140
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0462802944
ReturnHeader/PreparerPersonGrp/PhoneNum03176441468
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0A BRADLEY MARES CPA
ReturnHeader/ReturnTs02020-10-13T15:34:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,784,969
Liabilities
$508,368
Net assets
$58,276,601
Revenue
$5,047,867
Expenses
$6,330,621
Net income
-$1,282,754
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.0$0.16$53.9$2.94$2.61$0.34
2023Detailed filing. Detailed filing data is available for this year.$51.3$0.20$51.1$3.00$2.54$0.46
2022Detailed filing. Detailed filing data is available for this year.$48.1$1.03$47.1$5.23$5.37$0.14
2021Detailed filing. Detailed filing data is available for this year.$64.0$0.58$63.4$6.24$5.11$1.14
2020Detailed filing. Detailed filing data is available for this year.$61.8$0.93$60.9$7.62$6.01$1.61
2019Detailed filing. Detailed filing data is available for this year.$58.8$0.51$58.3$5.05$6.33$1.28
2018Detailed filing. Detailed filing data is available for this year.$54.3$0.66$53.7$4.92$5.86$0.94
2017Detailed filing. Detailed filing data is available for this year.$62.1$0.61$61.5$5.86$6.21$0.36
2016Detailed filing. Detailed filing data is available for this year.$58.3$0.79$57.5$6.28$6.69$0.42
2015Detailed filing. Detailed filing data is available for this year.$61.2$1.24$60.0$6.34$7.74$1.40
2014Detailed filing. Detailed filing data is available for this year.$66.6$1.24$65.3$4.67$7.30$2.63
2013Detailed filing. Detailed filing data is available for this year.$69.3$0.92$68.4$4.44$8.17$3.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.1$0.65$65.4$8.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.0$0.62$64.4$6.99
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$72.2$0.92$71.3$7.07