Civic Intelligence

Midwest Wall and Ceiling Contractors Nfp

990 • Fiscal year 2020 • EIN 36-1042740

Jan 01, 2020 to Dec 31, 2020 • Filed on May 17, 2021

1751 Lake Cook Road Suite 400Deerfield, IL 60015

(773) 442-8260

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

19th percentile

0.01x

Higher debt load relative to revenue than 19% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

97th percentile

54%

Higher net margin than 97% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2020

Revenue Growth

97th percentile

54%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2020

Assets

Up

$1,944,307

Up $439,017 (+29%) from 2018

Net Assets

Up

$1,940,574

Up $2,258,674 (+710%) from 2018

Liabilities

Down

$3,733

Down $1,819,657 (-100%) from 2018

Revenue

Up

$279,894

Up $161,751 (+137%) from 2018

Expenses

Down

$128,836

Down $7,276 (-5.3%) from 2018

Net Income

Up

$151,058

Up $169,027 (+941%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $311,003Liabilities 2011: $715,059Net Assets 2011: -$404,0562011Assets 2012: $332,563Liabilities 2012: $662,915Net Assets 2012: -$330,3522012Assets 2013: $422,590Liabilities 2013: $751,330Net Assets 2013: -$328,7402013Assets 2014: $445,746Liabilities 2014: $765,191Net Assets 2014: -$319,4452014Assets 2015: $468,733Liabilities 2015: $797,196Net Assets 2015: -$328,4632015Assets 2016: $536,907Liabilities 2016: $840,180Net Assets 2016: -$303,2732016Assets 2017: $583,715Liabilities 2017: $830,720Net Assets 2017: -$247,0052017Assets 2018: $1,505,290Liabilities 2018: $1,823,390Net Assets 2018: -$318,1002018Assets 2020: $1,944,307Liabilities 2020: $3,733Net Assets 2020: $1,940,5742020Assets 2021: $2,235,193Liabilities 2021: $16,663Net Assets 2021: $2,218,5302021Assets 2022: $2,032,184Liabilities 2022: $16,125Net Assets 2022: $2,016,0592022Assets 2023: $2,368,358Liabilities 2023: $13,903Net Assets 2023: $2,354,4552023Assets 2024: $2,680,076Liabilities 2024: $13,658Net Assets 2024: $2,666,4182024

Highlighted filing

2020

Assets$1,944,307
Liabilities$3,733
Net Assets$1,940,574

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $67,1712011Expenses 2012: $54,0182012Revenue 2013: $43,278Expenses 2013: $65,196Net Income 2013: -$21,9182013Revenue 2014: $42,640Expenses 2014: $48,108Net Income 2014: -$5,4682014Revenue 2015: $96,519Expenses 2015: $80,992Net Income 2015: $15,5272015Revenue 2016: $86,400Expenses 2016: $51,188Net Income 2016: $35,2122016Revenue 2017: $81,469Expenses 2017: $41,683Net Income 2017: $39,7862017Revenue 2018: $118,143Expenses 2018: $136,112Net Income 2018: -$17,9692018Revenue 2020: $279,894Expenses 2020: $128,836Net Income 2020: $151,0582020Revenue 2021: $290,069Expenses 2021: $125,532Net Income 2021: $164,5372021Revenue 2022: $344,731Expenses 2022: $125,342Net Income 2022: $219,3892022Revenue 2023: $380,046Expenses 2023: $126,942Net Income 2023: $253,1042023Revenue 2024: $466,682Expenses 2024: $183,371Net Income 2024: $283,3112024

Highlighted filing

2020

Revenue$279,894
Expenses$128,836
Net Income$151,058
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 17, 2021
Return Version
2020v4.1
Gross Receipts
$929,820
Mission and Program Overview

Mission

To provide an organized voice for the Drywall and Wall and Ceiling Industry in union negotiations and to protect its members through education and inform them of critical industry developments and to maintain just and equitable treatment in their relations with others/employees

See Attachment 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,816,785$1,894,992▲ $78,207
Accounts Receivable$6,769$22,934▲ $16,165
Prepaid Expenses and Deferred Charges$12,164$13,914▲ $1,750
Land, Buildings, and Equipment, Net$0$12,467▲ $12,467
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,859,589$1,944,307▲ $84,718
Other Assets Total$23,871$0▼ $23,871
Liabilities
Accounts Payable and Accrued Expenses$11,714$3,622▼ $8,092
Other Liabilities$12,457$111▼ $12,346
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$24,171$3,733▼ $20,438
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,835,418$1,940,574▲ $105,156
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,835,418$1,940,574▲ $105,156
Total Liabilities and Net Assets / Fund Balance$1,859,589$1,944,307▲ $84,718

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$12,467$1,133$13,600
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nora DegnanPresident
Michael PillolaVice President
Ben MillnerDirector
Chris SchaferDirector
Judith DeangeloDirector
Michael DegnanDirector
Michael WilkinDirector
Scott SmentekDirector
Steve KlomfarDirector
Tim KingDirector
Steve BrillSecretary
Eric JensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$205,988
Investment Income
$74,156
Other Revenue
$-250
Change in Net Assets
$151,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$128,836
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
Fees for Services Management---$50,040
Fees for Services Accounting---$29,805
Fees for Services Legal---$18,555
Insurance---$7,592
All Other Expenses---$3,684
Other Expenses---$3,019
Office Expenses---$1,715
Depreciation Depletion---$1,133
Conferences and Meetings---$764
Fees for Service Investment Mgmnt Fees---$268
Information Technology---$236
Travel---$40
Total Functional Expenses$0$0$0$128,836
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$250
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards$111
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, Part VIII, Line 2A/schedule C, Part Iiia

Although the amount on Part VIII, line 2a is shown as "membership dues and assessments," these are in fact industry contributions in accordance with terms of collective bargaining agreements. Accordingly, the response to Schedule C, Part II-A indicates that these amounts received are in fact from tax-exempt labor entities which do not deduct any of these collective bargaining payments to the Umbrella Association (Midwest Wall and Ceiling Contractors) as "dues" expense.

Form 990, Part VI, Line 2

Business or Family Relationship of Officers, Directors, Etc. Various board members have either family or business relationships with other board members.

Form 990, Part VI, Line 3

Description of Delegated Duties to Management Company JFM Holdings Inc., whose president is Jean F. Meyer, has been engaged to perform the Executive Director functions of the Associations which comprise management and planning of functions and activities of the Association, incurring expenses for support staff for accounting purposes, securing and incurring rental payments for office space, expenses of office equipment, monitoring investment activities and reporting to the Board on all matters of operational, financial, and investment activities significant to the stability of the association. JFM Holdings, Inc services were terminated as of May 31, 2019. Andrea Harney Marketing & Photography, LLC, whose owner is Andrea Harney, has been engaged, starting August 18, 2019, to perform the executive director function of the association which comprise management and planning of functions and activities of the association, preparation of budgets and other reports, member communications, monitoring financial activities and reporting to the board on all matter of operational and financial activities significant to the stability of the association.

Form 990, Part VI, Line 11B

Form 990 review process Prior to electronic filing, the Executive Director and the Finance committee appointed by the governing board who are then apprised of the review results and provided with copies of the completed and reviewed 990.

Form 990, Part VI, Line 12C

Explanation of Monitoring and Enforcement of conflicts Annual statement signed by Board members regarding compliance with conflict of interest policy.

Form 990, Part VI, Line 15A

Compensation review & approval process - CEO & Top Management The Board of Directors formally reviews the budgeted expenses and has had a solid knowledge of the competence and success of the Executive Director in operating this and similar orgainizations. Their determination of compensation to JFM Holdings Inc. and Andrea Harney Marketing & Photography, LLC is based upon such knowledge in conjunction with budgetary reviews.

Form 990, Part VI, Line 19

Other Organization documents publicly available Forms 990 and 1023 are available to the public upon written request. Other governing documents, policies, and financial statements are available in accordance with IRS regulations and State of Illinois Nonprofit Corporation Statutes and Open Records Act.

Filing and Contact Details

Filer

Filer Name
Midwest Wall and Ceiling Contractors NFP
EIN
36-1042740
In Care Of
% ANDREA HARNEY EXEC DIRECTOR
Phone
7734428260
Address
1751 Lake Cook Road Suite 400, Deerfield, IL 60015

Signing Officer

Name
Nora Degnan
Title
President
Phone
7734428260
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nora Degnan
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Miller Cooper & Co Ltd
Address
1751 Lake Cook Road Suite 400, Deerfield, IL 60015
Phone
8472055000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

Program Service Accomplishments The primary activities and program service accomplishments of the Midwest Wall and Ceiling Contractors (MWCC) are as follows: 1. Negotiations over collective bargaining agreements which become industry standards for wages and working conditions. 2. Industry Involvement: MWCC members are involved in every aspect of the union construction trade. They sit on industry labor management and apprentice committies, as well as health and welfare pension trusts, bringing a wealth of industry information to its members. 3. Keeping members abreast of industry regulations and topics shaping the industry through its newsletters and educational seminars. 4. Networking: providing forums for the membership to obtain knowledge of current job opportunities and to establish business relationships through the Special events held during the year, such as a golf outing, holiday party, and turkey night. 5. Keep up with the latest legislative activities in City, State, and National levels.

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IRS990/MissionDesc0TO PROVIDE AN ORGAINZED VOICE FOR THE DRYWALL AND WALL AND CEILING INDUSTRY IN UNION NEGOTIATIONS AND TO PROTECT ITS MEMBERS THROUGH EDUCATION AND INFORM THEM OF CRITICAL INDUSTRY DEVELOPMENTS AND TO MAINTAIN JUST AND EQUITABLE TREATMENT IN THEIR RELATIONS WITH OTHERS/EMPLOYEES
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IRS990/PrincipalOfficerNm0Nora Degnan
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IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0See Schedule O explaining that "membership dues" are in fact industry contributions under collective bargaining agreements.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Additional Information
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Although the amount on Part VIII, line 2a is shown as "membership dues and assessments," these are in fact industry contributions in accordance with terms of collective bargaining agreements. Accordingly, the response to Schedule C, Part II-A indicates that these amounts received are in fact from tax-exempt labor entities which do not deduct any of these collective bargaining payments to the Umbrella Association (Midwest Wall and Ceiling Contractors) as "dues" expense.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Program Service Accomplishments The primary activities and program service accomplishments of the Midwest Wall and Ceiling Contractors (MWCC) are as follows: 1. Negotiations over collective bargaining agreements which become industry standards for wages and working conditions. 2. Industry Involvement: MWCC members are involved in every aspect of the union construction trade. They sit on industry labor management and apprentice committies, as well as health and welfare pension trusts, bringing a wealth of industry information to its members. 3. Keeping members abreast of industry regulations and topics shaping the industry through its newsletters and educational seminars. 4. Networking: providing forums for the membership to obtain knowledge of current job opportunities and to establish business relationships through the Special events held during the year, such as a golf outing, holiday party, and turkey night. 5. Keep up with the latest legislative activities in City, State, and National levels.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Business or Family Relationship of Officers, Directors, Etc. Various board members have either family or business relationships with other board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description of Delegated Duties to Management Company JFM Holdings Inc., whose president is Jean F. Meyer, has been engaged to perform the Executive Director functions of the Associations which comprise management and planning of functions and activities of the Association, incurring expenses for support staff for accounting purposes, securing and incurring rental payments for office space, expenses of office equipment, monitoring investment activities and reporting to the Board on all matters of operational, financial, and investment activities significant to the stability of the association. JFM Holdings, Inc services were terminated as of May 31, 2019. Andrea Harney Marketing & Photography, LLC, whose owner is Andrea Harney, has been engaged, starting August 18, 2019, to perform the executive director function of the association which comprise management and planning of functions and activities of the association, preparation of budgets and other reports, member communications, monitoring financial activities and reporting to the board on all matter of operational and financial activities significant to the stability of the association.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990 review process Prior to electronic filing, the Executive Director and the Finance committee appointed by the governing board who are then apprised of the review results and provided with copies of the completed and reviewed 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Explanation of Monitoring and Enforcement of conflicts Annual statement signed by Board members regarding compliance with conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Compensation review & approval process - CEO & Top Management The Board of Directors formally reviews the budgeted expenses and has had a solid knowledge of the competence and success of the Executive Director in operating this and similar orgainizations. Their determination of compensation to JFM Holdings Inc. and Andrea Harney Marketing & Photography, LLC is based upon such knowledge in conjunction with budgetary reviews.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Other Organization documents publicly available Forms 990 and 1023 are available to the public upon written request. Other governing documents, policies, and financial statements are available in accordance with IRS regulations and State of Illinois Nonprofit Corporation Statutes and Open Records Act.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VIII, LINE 2A/SCHEDULE C, PART IIIA
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, LINE 19
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$0.01$2.67$0.47$0.18$0.28
2023Detailed filing. Detailed filing data is available for this year.$2.37$0.01$2.35$0.38$0.13$0.25
2022Detailed filing. Detailed filing data is available for this year.$2.03$0.02$2.02$0.34$0.13$0.22
2021Detailed filing. Detailed filing data is available for this year.$2.24$0.02$2.22$0.29$0.13$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.94$0.00$1.94$0.28$0.13$0.15
2018Detailed filing. Detailed filing data is available for this year.$1.51$1.82$0.32$0.12$0.14$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.58$0.83$0.25$0.08$0.04$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.84$0.30$0.09$0.05$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.80$0.33$0.10$0.08$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.45$0.77$0.32$0.04$0.05$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.42$0.75$0.33$0.04$0.07$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.66$0.33$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.72$0.40$0.07