Civic Intelligence

Building Owners and Managers Association of Chicago

990 • Fiscal year 2016 • EIN 36-0852810

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 30, 2017

115 S Lasalle Street No 2300Chicago, IL 60603

(312) 870-9600

Siviq Scores

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

Liabilities / Assets

64th percentile

0.30x

Higher debt load relative to assets than 64% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.22x

Higher debt load relative to revenue than 55% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

17th percentile

-5.7%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

92nd percentile

$325,330

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 12.7% of source-year revenue.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

28th percentile

-3.0%

Faster revenue growth than 28% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,921,710

Down $278,177 (-13%) from 2015

Net Assets

Down

$1,351,906

Down $145,958 (-9.7%) from 2015

Liabilities

Down

$569,804

Down $132,219 (-19%) from 2015

Revenue

Down

$2,568,773

Down $78,260 (-3.0%) from 2015

Expenses

Down

$2,716,019

Down $41,334 (-1.5%) from 2015

Net Income

Down

-$147,246

Down $36,926 (-33%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $2,764,841Liabilities 2012: $727,227Net Assets 2012: $2,037,6142012Assets 2013: $2,206,725Liabilities 2013: $466,093Net Assets 2013: $1,740,6322013Assets 2014: $2,245,045Liabilities 2014: $635,573Net Assets 2014: $1,609,4722014Assets 2015: $2,199,887Liabilities 2015: $702,023Net Assets 2015: $1,497,8642015Assets 2016: $1,921,710Liabilities 2016: $569,804Net Assets 2016: $1,351,9062016Assets 2017: $1,729,318Liabilities 2017: $364,566Net Assets 2017: $1,364,7522017Assets 2018: $1,749,804Liabilities 2018: $388,937Net Assets 2018: $1,360,8672018Assets 2019: $2,022,731Liabilities 2019: $636,684Net Assets 2019: $1,386,0472019Assets 2020: $1,870,263Liabilities 2020: $718,863Net Assets 2020: $1,151,4002020Assets 2021: $1,459,387Liabilities 2021: $302,463Net Assets 2021: $1,156,9242021Assets 2022: $1,912,331Liabilities 2022: $430,890Net Assets 2022: $1,481,4412022Assets 2023: $3,166,929Liabilities 2023: $1,748,697Net Assets 2023: $1,418,2322023Assets 2024: $2,979,046Liabilities 2024: $1,712,152Net Assets 2024: $1,266,8942024

Highlighted filing

2016

Assets$1,921,710
Liabilities$569,804
Net Assets$1,351,906

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $2,662,6962012Revenue 2013: $2,526,367Expenses 2013: $2,823,349Net Income 2013: -$296,9822013Revenue 2014: $2,621,855Expenses 2014: $2,753,015Net Income 2014: -$131,1602014Revenue 2015: $2,647,033Expenses 2015: $2,757,353Net Income 2015: -$110,3202015Revenue 2016: $2,568,773Expenses 2016: $2,716,019Net Income 2016: -$147,2462016Revenue 2017: $2,742,204Expenses 2017: $2,729,358Net Income 2017: $12,8462017Revenue 2018: $2,863,875Expenses 2018: $2,867,760Net Income 2018: -$3,8852018Revenue 2019: $2,948,379Expenses 2019: $2,923,199Net Income 2019: $25,1802019Revenue 2020: $2,567,223Expenses 2020: $2,801,870Net Income 2020: -$234,6472020Revenue 2021: $2,903,504Expenses 2021: $2,897,980Net Income 2021: $5,5242021Revenue 2022: $3,229,018Expenses 2022: $2,904,501Net Income 2022: $324,5172022Revenue 2023: $3,152,781Expenses 2023: $3,215,990Net Income 2023: -$63,2092023Revenue 2024: $3,145,379Expenses 2024: $3,296,717Net Income 2024: -$151,3382024

Highlighted filing

2016

Revenue$2,568,773
Expenses$2,716,019
Net Income-$147,246
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 30, 2017
Return Version
2016v3.0
Gross Receipts
$2,970,731
Mission and Program Overview

Mission

To promote the welfare and advance the interests of the office building industry through leadership, advocacy, education, research, information and professional development.

Promote the office building industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,748,098$1,711,425▼ $36,673
Land, Buildings, and Equipment, Net$265,410$174,537▼ $90,873
Investments in Publicly Traded Securities$149,120$0▼ $149,120
Prepaid Expenses and Deferred Charges$23,133$25,194▲ $2,061
Accounts Receivable$6,008$5,360▼ $648
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Total Assets$2,199,887$1,921,710▼ $278,177
Other Assets Total$7,918$4,994▼ $2,924
Liabilities
Deferred Revenue$519,787$430,241▼ $89,546
Other Liabilities$164,537$99,533▼ $65,004
Accounts Payable and Accrued Expenses$17,699$40,030▲ $22,331
Total Liabilities$702,023$569,804▼ $132,219
Net Assets / Fund Balance
Unrestricted Net Assets$1,386,669$1,351,817▼ $34,852
Temporarily Rstr Net Assets$111,195$89▼ $111,106
Total Net Assets Fund Balance$1,497,864$1,351,906▼ $145,958
Total Liabilities and Net Assets / Fund Balance$2,199,887$1,921,710▼ $278,177

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$93,613$394,210$487,823
Other Land Buildings$78,428$171,467$249,895
Equipment$2,496$89,160$91,656
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael F CornicelliExecutive Vice Pres/secretaryFT$234,309$91,021$325,330
Ron TabaczynskiEmployeeFT$126,440$39,500$165,940
Paul JostEmployeeFT$102,468$44,726$147,194
Amy Masters WoodsEmployeeFT$114,000$19,071$133,071
Beth HalatEmployeeFT$101,500$22,096$123,596

Board Members and Trustees

NameTitle
Tj BrookoverPresident/director
Robert QuastPresident/vice President/director
Lance KnezVice President/treasurer/director
Betsy TraczekDirector
Derrick JohnsonDirector
Diane VaughanDirector
Harvey B CaminsDirector
J Michael ReillyDirector
Jack HouzeDirector
Katherine K ScottDirector
Kevin PurcellDirector
Lenny SciasciaDirector
Nancy CapadonaDirector
Patrick J CarusoDirector
Paul SacconeDirector
Phillip StaffordDirector
Randall WaitesDirector
Rebecca S MilesDirector
Robert DemarkeDirector
Stephen SiseDirector
Thomas G GlavinDirector
Matthew AmatoTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,519,223
Investment Income
$14,081
Other Revenue
$35,469
Change in Net Assets
$-147,246
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,613,083
Salaries, Compensation, and Employee Benefits$1,102,936
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$590,396
Current Officers, Directors, Trustees, and Key Employees---$325,330
Occupancy---$161,429
Fees for Services Lobbying---$117,531
Payments to Affiliates---$107,405
Depreciation Depletion---$99,967
Information Technology---$96,721
Other Employee Benefits---$83,157
Other Expenses---$70,645
Advertising---$67,899
Payroll Taxes---$58,482
Office Expenses---$52,588
Pension Plan Contributions---$45,571
Conferences and Meetings---$39,538
All Other Expenses---$35,023
Insurance---$17,575
Fees for Services Accounting---$13,750
Fees for Services Legal---$11,537
Travel---$7,878
Total Functional Expenses$0$0$0$2,716,019
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$190,047
Current Year Nondeductible Lobbying and Political Cost$136,463
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Lease Incentive$58,293
Deferred Rent$41,140
Due to Boma Foundation$100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Boma chicago members are buildings. Boma chicago has various classes of membership for the buildings it represents. Only buildings classified as regular members are permitted to vote on association issues. Regular member buildings appoint an individual as the building's representative. This individual shall represent,vote and act for the regular member building in the affairs of boma chicago.

Form 990, Part VI, Section A, Line 7A

Regular member buildings vote on the election of officers and directors at the boma chicago annual meeting held each november.

Form 990, Part VI, Section A, Line 7B

Regular member buildings are also entitled to vote upon all other resolutions, proposals, and questions or matters submitted for member vote.

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

A copy of the form 990, prepared by the independent auditor, is reviewed by the executive vice-president prior to filing with the irs. In addition, the executive committee of the board of directors, received a copy of the form 990 prior to filing. The entire board of directors is provided wtih a final copy of the form 990 after it is filed with the irs.

Form 990, Part VI, Section B, Line 15

Boma chicago has a policy that covers compensation of chief employed executive and any officer or key employee. The policy in place requires review and approval of the association's board of directors or compensation committee, providing persons with conflicts to the compensation arrangement at issue shall not participate; compensation for the individual shall be reviewed and approved using data compiled by a third party for similar persons in comparable positions at similar organizations; and there shall be contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding all compensation arrangements subject to the policy.

Form 990, Part VI, Section C, Line 19

By-laws of the organization are made available on their website. No other documents are made available to the public.

Filing and Contact Details

Filer

Filer Name
Building Owners and Managers Association
EIN
36-0852810
Phone
3128709600
Address
115 S LASALLE STREET NO 2300, CHICAGO, IL 60603

Signing Officer

Name
Michael F Cornicelli
Title
Executive Vice-president
Phone
3128709610
Signed
2017-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Quast
Formed
1902
Legal Domicile
Il
Voting Board Members
20
Independent Board Members
20
Employees
7
Volunteers
0

Preparer

Firm
Bansley and Kiener Llp
Address
8745 W HIGGINS RD STE 200, CHICAGO, IL 60631-2704
Preparer
Megan M Matthys
Phone
3122632700
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

Boma chicago has an audit committee which is responsible for the oversight of the audit of the organization's financial statements and the selection of its independent accountant. This process has been in place since its inception in 2005.

Financial Statement Notes

PART X, LINE 2:

The associaton which is exempt from income tax under section 501(c)(6) of the internal revenue code except for unrelated business income. The association did not have any unrelated business income for 2016 or 2015.

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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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