Civic Intelligence

Plan Sponsor Council of America

EIN 36-2274542 • 501(c)6 • Chicago, IL

Profile

To promote the use of profit sharing, 401(k) and related savings and incentive plans; represent employers and employees' interests so that the legal and regulatory environment encourages the implementation and continuation of plans, educate and inform about 401k and related plans, and to provide assistance and information to member companies.

200 S Wacker Drive Suite 3100Chicago, IL 60606-5829

psca.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2017

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

25th percentile

-3.0%

Higher net margin than 25% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

34th percentile

$67,461

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

14th percentile

-9.9%

Faster revenue growth than 14% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$0

Down $149,808 (-100%) from 2016

Liabilities

Down

$0

Down $252,951 (-100%) from 2016

Net Assets

Up

$0

Up $103,143 (+100%) from 2016

Revenue

Down

$1,022,340

Down $112,060 (-9.9%) from 2016

Expenses

Down

$1,053,360

Down $39,207 (-3.6%) from 2016

Net Income

Down

-$31,020

Down $72,853 (-174%) from 2016

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$200K$0-$200KAssets 2015: $193,572Liabilities 2015: $338,548Net Assets 2015: -$144,9762015Assets 2016: $149,808Liabilities 2016: $252,951Net Assets 2016: -$103,1432016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $985,120Expenses 2015: $982,820Net Income 2015: $2,3002015Revenue 2016: $1,134,400Expenses 2016: $1,092,567Net Income 2016: $41,8332016Revenue 2017: $1,022,340Expenses 2017: $1,053,360Net Income 2017: -$31,0202017

Highlighted filing

2017

Revenue$1,022,340
Expenses$1,053,360
Net Income-$31,020

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$1,022,340
Mission and Program Overview

Mission

To promote the use of profit sharing, 401(k) and related savings and incentive plans; represent employers and employees' interests so that the legal and regulatory environment encourages the implementation and continuation of plans, educate and inform about 401k and related plans, and to provide assistance and information to member companies.

Psca is a non-profit association of 700 companies that sponsor defined-contribution plans for five million employees. Psca offers unbiased best-practices, information & research

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$81,914$0▼ $81,914
Prepaid Expenses and Deferred Charges$14,636$0▼ $14,636
Land, Buildings, and Equipment, Net$4,293$0▼ $4,293
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$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$149,808$0▼ $149,808
Other Assets Total$48,965$0▼ $48,965
Liabilities
Deferred Revenue$153,580$0▼ $153,580
Accounts Payable and Accrued Expenses$75,588$0▼ $75,588
Other Liabilities$23,783$0▼ $23,783
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$252,951$0▼ $252,951
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-103,143$0▲ $103,143
Total Net Assets Fund Balance$-103,143$0▲ $103,143
Total Liabilities and Net Assets / Fund Balance$149,808$0▼ $149,808
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tobi DavisSecretaryFT$65,496$1,965$67,461
Tony VerheyenExecutive Director (until 5/4)FT$63,996-$63,996
Jack TowarnickyExecutive DirectorFT$50,720-$50,720

Board Members and Trustees

NameTitle
Kenneth A RaskinChairperson
Stephen W MccaffreyImmediate Past Chairperson
Marjorie F MannFirst Vice Chairperson
Shirley ZabiegalaSecond Vice Chairperson
Ann ZiebarthDirector
Annette GrabowDirector
Brandon M DierschDirector
Bruce J McneilDirector
Colleen M HoulihanDirector
Dawn RichDirector
Ira FinnDirector
Karin RettgerDirector
Michael A SassoDirector
Monica ChenDirector
Peter M KellyDirector
Robin HopeDirector
Ted MossDirector
Thomas GordonDirector
Tim KohnDirector
Tony VerheyenDirector
William ShawDirector
Linda GarciaDirector (until 5/14)
Cynda ReznicekDirector (until 8/14)
Robert LoveTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$83,412
Program Service Revenue
$821,032
Investment Income
$47
Other Revenue
$117,849
All Other Contributions
$43,187
Change in Net Assets
$-31,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$688,246
Salaries, Compensation, and Employee Benefits$365,114
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Lobbying---$205,000
Other Salaries and Wages---$194,070
Conferences and Meetings---$126,019
Current Officers, Directors, Trustees, and Key Employees---$114,716
Occupancy---$90,832
Information Technology---$55,713
Travel---$49,638
Fees for Services Other---$43,010
Fees for Services Accounting---$38,358
Other Employee Benefits---$28,005
Payroll Taxes---$24,121
Office Expenses---$13,468
Depreciation Depletion---$9,352
Insurance---$4,942
Pension Plan Contributions---$4,202
Advertising---$4,125
Other Expenses---$1,140
Total Functional Expenses$0$0$0$1,053,360
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
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

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$80,000
Total Nondeductible Lobbying and Political Cost$-172,566
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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 1A

The Executive Committee shall consist of the Chair, the First and Second Vice Chairmen, the Treasurer, the immediate past Chair, the President of PSCA and two persons elected by the Board of Directors from members of the Board. The Executive Committee shall have full authority of the Board of Directors when that Board is not in session.

Form 990, Part VI, Section A, Line 6

Any employer whether an individual, partnership, corporation or unincorporated association in sympathy with the objectives and purposes of PSCA and which has an active profit sharing, 401(k), or other savings or incentive plan shall be eligible for membership in accordance with the Bylaws and the rules and regulations in effect from time to time. There shall be no limit on the number of Members.

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

21 Board of Directors and the Chair, First Vice Chair, Second Vice Chair and Treasurer are elected by the Members of PSCA.

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

Each Member shall be entitled to one vote at an Annual Meeting or Special Meeting of PSCA or in a mail ballot. Fifty Members, including proxies, shall constitute a quorum for the transaction of business at an Annual and Special Meeting of PSCA.

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

A copy of the form 990 is distributed to the audit committee for their review and comments before filing.

Form 990, Part VI, Section B, Line 15A

The executive committee reviews compensation for all employees annually. They review the annual guidestar survey as well as compare 990s with similar organizations. The full board of directors approves the contract for the executive director.

Form 990, Part VI, Section C, Line 19

The council responds to any request for a governing document with a paper copy or copy in electronic format within the time period prescribed by the irs.

Filing and Contact Details

Filer

Filer Name
Plan Sponsor Council of America
EIN
36-2274542
In Care Of
% THE ORGANIZATION
Phone
3124191863
Address
200 S Wacker Drive Suite 3100, Chicago, IL 60606-5829

Signing Officer

Name
Jack Towarnicky
Title
Executive Director
Phone
3124191863
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Towarnicky
Formed
1973
Legal Domicile
Il
Voting Board Members
22
Independent Board Members
22
Employees
5
Volunteers
22

Preparer

Firm
Bkd Llp
Address
1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
Preparer
Rebekuh Eley
Phone
6302829500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

In an agreement effective December 29, 2017, the Council transferred its net assets, including cash of $75,113, and operations to the American Retirement Association (ARA) for $1. This terminated all program service operations after that date.

Form 990, Part III, Line 4D

Public education promotes the expanded use of profit sharing, 401(k) and related savings and incentive programs and works to create and maintain complete, fair balanced and accurate media coverage of profit sharing and 401(k) issues and coverage of the council itself.

Form 990, Part XI, Line 9A

In an agreement effective December 29, 2017, the Council transferred its net assets, including cash of $75,113, and operations to the American Retirement Association (ARA) for $1.

Financial Statement Notes

PART X, LINE 2:

Plan Sponsor Council of America is exempt from federal income taxes under Section 501(c)(6) of the U.S. Internal Revenue Code. However, the organization is subject to federal income tax on any unrelated business taxable income.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Kenneth A Raskin
IRS990/Form990PartVIISectionAGrp/PersonNm1Marjorie F Mann
IRS990/Form990PartVIISectionAGrp/PersonNm2Shirley Zabiegala
IRS990/Form990PartVIISectionAGrp/PersonNm3Stephen W Mccaffrey
IRS990/Form990PartVIISectionAGrp/PersonNm4Robert Love
IRS990/Form990PartVIISectionAGrp/PersonNm5Ann Ziebarth
IRS990/Form990PartVIISectionAGrp/PersonNm6Annette Grabow
IRS990/Form990PartVIISectionAGrp/PersonNm7Brandon M Diersch
IRS990/Form990PartVIISectionAGrp/PersonNm8Bruce J Mcneil
IRS990/Form990PartVIISectionAGrp/PersonNm9Colleen M Houlihan
IRS990/Form990PartVIISectionAGrp/PersonNm10Dawn Rich
IRS990/Form990PartVIISectionAGrp/PersonNm11Ira Finn
IRS990/Form990PartVIISectionAGrp/PersonNm12Karin Rettger
IRS990/Form990PartVIISectionAGrp/PersonNm13Michael A Sasso
IRS990/Form990PartVIISectionAGrp/PersonNm14Monica Chen
IRS990/Form990PartVIISectionAGrp/PersonNm15Peter M Kelly
IRS990/Form990PartVIISectionAGrp/PersonNm16Robin Hope
IRS990/Form990PartVIISectionAGrp/PersonNm17Ted Moss
IRS990/Form990PartVIISectionAGrp/PersonNm18Thomas Gordon
IRS990/Form990PartVIISectionAGrp/PersonNm19Tony Verheyen
IRS990/Form990PartVIISectionAGrp/PersonNm20Tim Kohn
IRS990/Form990PartVIISectionAGrp/PersonNm21William Shaw
IRS990/Form990PartVIISectionAGrp/PersonNm22Cynda Reznicek
IRS990/Form990PartVIISectionAGrp/PersonNm23Linda Garcia
IRS990/Form990PartVIISectionAGrp/PersonNm24Tobi Davis
IRS990/Form990PartVIISectionAGrp/PersonNm25Jack Towarnicky
IRS990/Form990PartVIISectionAGrp/PersonNm26Tony Verheyen
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IRS990/Form990PartVIISectionAGrp/TitleTxt1First Vice Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt2Second Vice Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt3Immediate Past Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director (until 8/14)
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director (until 5/14)
IRS990/Form990PartVIISectionAGrp/TitleTxt24Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt25Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26Executive Director (until 5/4)
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IRS990/OtherExpensesGrp/Desc0SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTION
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