Civic Intelligence

Ibew Local Union No 150

990 • Fiscal year 2024 • EIN 36-1581422

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 19, 2025

Organization Profile
31290 N US Highway 45Libertyville, IL 60048

(847) 680-1504

Siviq Scores

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

Liabilities / Assets

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

2024 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

38th percentile

0.01x

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

2024 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2024

Net Margin

52nd percentile

11%

Higher net margin than 52% of similar nonprofits.

2024 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

65th percentile

$227,678

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2024 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2024

Asset Growth

29th percentile

3.6%

Faster asset growth than 29% of similar nonprofits.

2024 filings • 501(c)5 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

9.4%

Faster revenue growth than 55% of similar nonprofits.

2024 filings • 501(c)5 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$8,033,919

Up $276,825 (+3.6%) from 2023

Net Assets

Up

$8,017,044

Up $276,825 (+3.6%) from 2023

Liabilities

Flat

$16,875

Flat from 2023

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin52nd percentile

Revenue

Up

$2,525,982

Up $216,282 (+9.4%) from 2023

Expenses

Up

$2,250,242

Up $209,797 (+10%) from 2023

Net Income

Up

$275,740

Up $6,485 (+2.4%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$10M$5.0M$0Assets 2021: $7,550,316Liabilities 2021: $20,523Net Assets 2021: $7,529,7932021Assets 2022: $7,565,089Liabilities 2022: $19,867Net Assets 2022: $7,545,2222022Assets 2023: $7,757,094Liabilities 2023: $16,875Net Assets 2023: $7,740,2192023Assets 2024: $8,033,919Liabilities 2024: $16,875Net Assets 2024: $8,017,0442024Assets 2025: $8,319,161Liabilities 2025: $16,875Net Assets 2025: $8,302,2862025

Highlighted filing

2024

Assets$8,033,919
Liabilities$16,875
Net Assets$8,017,044
Open 2024 Filing

Operations Trend

Revenue Growth55th percentile

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

$3.0M$2.0M$1.0M$0Revenue 2021: $1,979,228Expenses 2021: $1,766,628Net Income 2021: $212,6002021Revenue 2022: $1,995,551Expenses 2022: $1,782,801Net Income 2022: $212,7502022Revenue 2023: $2,309,700Expenses 2023: $2,040,445Net Income 2023: $269,2552023Revenue 2024: $2,525,982Expenses 2024: $2,250,242Net Income 2024: $275,7402024Revenue 2025: $2,581,296Expenses 2025: $2,338,073Net Income 2025: $243,2232025

Highlighted filing

2024

Revenue$2,525,982
Expenses$2,250,242
Net Income$275,740
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 19, 2025
Return Version
2023v6.0
Gross Receipts
$2,525,982
Mission and Program Overview

Mission

Economic, social and moral advancement of local 150 members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,601,582$2,847,350▲ $245,768
Savings and Temporary Cash Investments$2,509,837$2,485,892▼ $23,945
Cash and Non-Interest-Bearing Accounts$313,797$363,260▲ $49,463
Land, Buildings, and Equipment, Net$76,270$81,809▲ $5,539
Total Assets$7,757,094$8,033,919▲ $276,825
Other Assets Total$2,255,608$2,255,608→ $0
Liabilities
Other Liabilities$16,875$16,875→ $0
Total Liabilities$16,875$16,875→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,740,219$8,017,044▲ $276,825
Total Net Assets Fund Balance$7,740,219$8,017,044▲ $276,825
Total Liabilities and Net Assets / Fund Balance$7,757,094$8,033,919▲ $276,825

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$81,809$174,957$256,766
Other Assets Org$2,255,608--
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve SmartBusiness ManFT$136,228$91,450$227,678
Steve SmartBusiness Manager-$136,228$91,450$227,678
Aaron RendonRecording SeFT$130,803$87,808$218,611
Aaron RendonRecording Secretary-$130,803$87,808$218,611
Joe CatellaVice Preside-$2,805-$2,805
Jeff SchwingbeckPresident-$2,793-$2,793
John BonnotExecutive Bo-$1,220-$1,220
Jonathan AunetExecutive Bo-$1,220-$1,220
Marty McneillTreasurer-$1,220-$1,220
Mike Witten JrExecutive Bo-$1,220-$1,220
Scott ZupecExecutive Bo-$1,220-$1,220
Jack KovalExecutive Bo-$1,200-$1,200
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,213,040
Investment Income
$183,544
Other Revenue
$129,398
Change in Net Assets
$275,740

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,525,982
Revenue Not Reported on Form 990
$1,085
Total Revenue per Audited Statements
$2,527,067
Total Revenue per Form 990
$2,525,982
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,339,500
Other Expenses$910,742
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$909,996--$909,996
Payments to Affiliates$453,307--$453,307
Pension Plan Contributions$263,899--$263,899
Office Expenses-$124,778-$124,778
Other Salaries and Wages$115,135--$115,135
Conferences and Meetings$93,040--$93,040
Payroll Taxes$50,470--$50,470
All Other Expenses$5,774$25,540-$31,314
Depreciation Depletion-$26,616-$26,616
Insurance-$25,937-$25,937
Fees for Services Accounting-$22,015-$22,015
Occupancy$16,840--$16,840
Travel-$16,580-$16,580
Other Expenses$16,500$13,750-$13,750
Information Technology-$13,111-$13,111
Fees for Services Legal-$4,838-$4,838
Advertising$1,170--$1,170
Total Functional Expenses$1,926,131$324,111$0$2,250,242

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,250,242
Total Expenses per Audited Statements$2,250,242
Total Expenses per Form 990$2,250,242
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
Intl Dues Collected But Unremitted$16,875
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The local 150 has approximately 900 members.”

Form 990, Page 6, Part VI, Line 7A

“The 900 members of local 150 elect the governing body every three years. The elected positions of the governing body includes; business manager/financial secretary, president, vice president, treasurer, recording secretary, and 5 executive board members”

Form 990, Page 6, Part VI, Line 7B

“The local 150 bylaws govern the salaries of the governing body. Any proposed change to the bylaws requires a bylaws ammendment that must be voted on by the members of local 150.”

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

“The governing body reviews year end audits and tax returns of the local at the january executive board meeting which is recorded in the minutes.”

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

“Business manager/financial secretary salary is defined in the local 150 bylaws.”

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

“All elected officer positions pay is regulated by the local 150 bylaws. The office manager and assistant office manager salaries are reviewed annually by the governing body. Any changes to these 2 positions are voted on and approved by the governing body and recorded in the executive board meeting minutes.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Ibew Local Union No 150
EIN
36-1581422
Phone
8476801504
Address
31290 N US HIGHWAY 45, LIBERTYVILLE, IL 60048

Signing Officer

Name
Steve Smart
Title
Business Manager
Phone
8476801504
Signed
2025-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Smart
Formed
1914
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
8
Employees
15

Preparer

Firm
Eric J Fernandez & Co
Address
895 W MAIN ST STE 1000, WEST DUNDEE, IL 60118-2057
Preparer
Carl L Swanson
Phone
8474287400
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The local has adopted fasb asc 740-10-25, accounting for uncertainty in income taxes. The local will record a liability for uncertain tax positions when it is more likely than not that a tax position would not be sustained if examined by the taxing authority. The local continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. The local's evaluation on june 30, 2024 revealed no uncertain tax positions that would have a material impact on the financial statements. The 2020 through 2022 tax years remain subject to examination by the irs. The local does not believe that any reasonably possible changes will occur within the next twelve months that will have a material impact on the financial statements.”

Raw XML AppendixShowing 400 of 443 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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0174957
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BUIDING CORPORATION INVESTMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016875
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTL DUES COLLECTED BUT UNREMITTED
IRS990ScheduleD/RevenueNotReportedAmt01085
IRS990ScheduleD/RevenueSubtotalAmt02525982
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE LOCAL HAS ADOPTED FASB ASC 740-10-25, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE LOCAL WILL RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WOULD NOT BE SUSTAINED IF EXAMINED BY THE TAXING AUTHORITY. THE LOCAL CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE LOCAL'S EVALUATION ON JUNE 30, 2024 REVEALED NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE 2020 THROUGH 2022 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE IRS. THE LOCAL DOES NOT BELIEVE THAT ANY REASONABLY POSSIBLE CHANGES WILL OCCUR WITHIN THE NEXT TWELVE MONTHS THAT WILL HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt02255608
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IRS990ScheduleD/TotalLiabilityAmt016875
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1AARON RENDON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BUSINESS MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1RECORDING SECRETARY
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LOCAL 150 HAS APPROXIMATELY 900 MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 900 MEMBERS OF LOCAL 150 ELECT THE GOVERNING BODY EVERY THREE YEARS. THE ELECTED POSITIONS OF THE GOVERNING BODY INCLUDES; BUSINESS MANAGER/FINANCIAL SECRETARY, PRESIDENT, VICE PRESIDENT, TREASURER, RECORDING SECRETARY, AND 5 EXECUTIVE BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LOCAL 150 BYLAWS GOVERN THE SALARIES OF THE GOVERNING BODY. ANY PROPOSED CHANGE TO THE BYLAWS REQUIRES A BYLAWS AMMENDMENT THAT MUST BE VOTED ON BY THE MEMBERS OF LOCAL 150.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY REVIEWS YEAR END AUDITS AND TAX RETURNS OF THE LOCAL AT THE JANUARY EXECUTIVE BOARD MEETING WHICH IS RECORDED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BUSINESS MANAGER/FINANCIAL SECRETARY SALARY IS DEFINED IN THE LOCAL 150 BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL ELECTED OFFICER POSITIONS PAY IS REGULATED BY THE LOCAL 150 BYLAWS. THE OFFICE MANAGER AND ASSISTANT OFFICE MANAGER SALARIES ARE REVIEWED ANNUALLY BY THE GOVERNING BODY. ANY CHANGES TO THESE 2 POSITIONS ARE VOTED ON AND APPROVED BY THE GOVERNING BODY AND RECORDED IN THE EXECUTIVE BOARD MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IBEW 150 - PENSION FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1IBEW 150 - WELFARE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0366140629
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PENSION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1WELFARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt031290 N US HWY 45
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt131290 N US HWY 45
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LIBERTYVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1LIBERTYVILLE
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IRS990ScheduleR/PaidEmployeesSharingInd0false
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
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IRS990/SchoolOperatingInd0false
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02343438
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02525982

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,033,919
Liabilities
$16,875
Net assets
$8,017,044
Revenue
$2,525,982
Expenses
$2,250,242
Net income
$275,740
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.32$0.02$8.30$2.58$2.34$0.24
2024Detailed filing. Detailed filing data is available for this year.$8.03$0.02$8.02$2.53$2.25$0.28
2023Detailed filing. Detailed filing data is available for this year.$7.76$0.02$7.74$2.31$2.04$0.27
2022Detailed filing. Detailed filing data is available for this year.$7.57$0.02$7.55$2.00$1.78$0.21
2021Detailed filing. Detailed filing data is available for this year.$7.55$0.02$7.53$1.98$1.77$0.21