Civic Intelligence

Ibew Local Union 461 Welfare Fund

EIN 36-2514448 • 501(c)9 • Lansing, MI

Profile

The organization provides health and welfare benefits to eligible members or on behalf of their dependents.

6525 Centurion DriveLansing, MI 48917-9275

n/A

Siviq Scores

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

Liabilities / Assets

58th percentile

0.05x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

62nd percentile

0.06x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2020

Net Margin

55th percentile

3.4%

Higher net margin than 55% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

38th percentile

0.8%

Faster asset growth than 38% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-6.3%

Faster revenue growth than 21% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $8,255,670 (-100%) from 2020

Liabilities

Down

$0

Down $390,753 (-100%) from 2020

Net Assets

Down

$0

Down $7,864,917 (-100%) from 2020

Revenue

Down

$6,506,883

Down $584,973 (-8.2%) from 2020

Expenses

Up

$14,371,800

Up $7,523,193 (+110%) from 2020

Net Income

Down

-$7,864,917

Down $8,108,166 (-3333%) from 2020

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $6,244,486Liabilities 2011: $112,869Net Assets 2011: $6,131,6172011Assets 2013: $6,513,299Liabilities 2013: $199,778Net Assets 2013: $6,313,5212013Assets 2014: $6,553,842Liabilities 2014: $255,653Net Assets 2014: $6,298,1892014Assets 2015: $7,089,903Liabilities 2015: $269,980Net Assets 2015: $6,819,9232015Assets 2016: $6,450,785Liabilities 2016: $253,288Net Assets 2016: $6,197,4972016Assets 2017: $6,031,198Liabilities 2017: $228,975Net Assets 2017: $5,802,2232017Assets 2018: $6,677,337Liabilities 2018: $363,458Net Assets 2018: $6,313,8792018Assets 2019: $8,187,918Liabilities 2019: $334,617Net Assets 2019: $7,853,3012019Assets 2020: $8,255,670Liabilities 2020: $390,753Net Assets 2020: $7,864,9172020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$20M$10M$0-$10MExpenses 2011: $3,248,3262011Expenses 2013: $4,218,7752013Revenue 2014: $3,993,733Expenses 2014: $3,624,985Net Income 2014: $368,7482014Revenue 2015: $4,102,461Expenses 2015: $3,558,119Net Income 2015: $544,3422015Revenue 2016: $4,505,280Expenses 2016: $4,974,355Net Income 2016: -$469,0752016Revenue 2017: $5,052,920Expenses 2017: $5,903,836Net Income 2017: -$850,9162017Revenue 2018: $6,387,739Expenses 2018: $5,967,335Net Income 2018: $420,4042018Revenue 2019: $7,571,683Expenses 2019: $5,958,476Net Income 2019: $1,613,2072019Revenue 2020: $7,091,856Expenses 2020: $6,848,607Net Income 2020: $243,2492020Revenue 2021: $6,506,883Expenses 2021: $14,371,800Net Income 2021: -$7,864,9172021

Highlighted filing

2021

Revenue$6,506,883
Expenses$14,371,800
Net Income-$7,864,917

Filings

Latest Detailed Filing

The latest 2021 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Jan 8, 2020
Return Version
2018v3.2
Gross Receipts
$7,692,306
Mission and Program Overview

Mission

The organization provides health and welfare benefits to eligible members or on behalf of their dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$6,313,879$7,853,301▲ $1,539,422
Investments in Publicly Traded Securities$5,386,368$6,204,834▲ $818,466
Accounts Receivable$682,201$927,229▲ $245,028
Cash and Non-Interest-Bearing Accounts$423,970$664,505▲ $240,535
Savings and Temporary Cash Investments$183,836$336,489▲ $152,653
Prepaid Expenses and Deferred Charges$962$54,861▲ $53,899
Total Assets$6,677,337$8,187,918▲ $1,510,581
Liabilities
Other Liabilities$274,127$203,915▼ $70,212
Accounts Payable and Accrued Expenses$89,331$130,702▲ $41,371
Total Liabilities$363,458$334,617▼ $28,841
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,313,879$7,853,301▲ $1,539,422
Total Liabilities and Net Assets / Fund Balance$6,677,337$8,187,918▲ $1,510,581

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$100,744$100,744
Compensation and Service Providers

Employees

NameTitleOtherTotal
Mark SeppelfrickTrustee$3,109$3,109

Board Members and Trustees

NameTitle
Bruce AndersonChairman
Craig MartinTrustee
Michael AngeloTrustee
Steve MusichTrustee
Thomas CookTrustee
Tim AssellTrustee
Joel D Pyle IiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,376,437
Investment Income
$195,246
Other Revenue
$0
Change in Net Assets
$1,613,207

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,545,683
Revenue Not Reported on Financial Statements
$26,000
Revenue Not Reported on Form 990
$-73,785
Total Revenue per Audited Statements
$7,471,898
Total Revenue per Form 990
$7,571,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$475,390
Salaries, Compensation, and Employee Benefits$317
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$5,482,769
Fees for Services Accounting---$37,651
Fees for Services Legal---$36,208
Fees for Service Investment Mgmnt Fees---$26,000
Other Expenses---$17,309
Conferences and Meetings---$9,734
All Other Expenses---$8,374
Insurance---$1,209
Payroll Taxes---$317
Total Functional Expenses$0$0$0$5,958,476

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,958,476
Expenses per Audited Statements$5,932,476
Total Expenses per Audited Statements$5,932,476
Expenses Not Reported on Financial Statements$26,000
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
Contributions Due to Other Locals$203,915
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization's membership is made up of neca-ibew local no. 461 union electricians.

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

The fund is administered by eight board of trustee members. Four are designated as union trustees, and shall be appointed by the union. The other four are designated as employer trustees, and shall be appointed by the northeastern illinois chapter of the national electrical contractors association, inc.

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

Copies of the final form 990 and schedules are presented and approved at a board meeting prior to being filed with the irs. Board members are asked to review the return individually and to contact the return preparer, other board members, or executive officers with any questions or concerns.

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

The board of trustees monitors and enforces compliance.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Ibew Local Union 461 Welfare Fund
EIN
36-2514448
Phone
5173217502
Address
6525 CENTURION DRIVE, LANSING, MI 48917-9275

Signing Officer

Name
Bruce Anderson
Title
Chairman
Phone
5173217502
Signed
2020-01-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Anderson
Formed
1971
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
6
Employees
7

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 fund has adopted fasb asc 740-10-25, accounting for uncertainty in income taxes. The fund 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 a taxing authority. The fund continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. The fund administrator's evaluation on may 31, 2019 revealed no uncertain tax positions that would have a material impact on the financial statements. The 2015 - 2017 tax years remain subject to examination by the irs. The fund administrator 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 415 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/TotalRevEtcAuditedFinclStmtAmt07471898
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05932476
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1116015
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt055440
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt154063
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOEL D PYLE II
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MICHAEL ANGELO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0191998
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1170078
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S MEMBERSHIP IS MADE UP OF NECA-IBEW LOCAL NO. 461 UNION ELECTRICIANS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND IS ADMINISTERED BY EIGHT BOARD OF TRUSTEE MEMBERS. FOUR ARE DESIGNATED AS UNION TRUSTEES, AND SHALL BE APPOINTED BY THE UNION. THE OTHER FOUR ARE DESIGNATED AS EMPLOYER TRUSTEES, AND SHALL BE APPOINTED BY THE NORTHEASTERN ILLINOIS CHAPTER OF THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF THE FINAL FORM 990 AND SCHEDULES ARE PRESENTED AND APPROVED AT A BOARD MEETING PRIOR TO BEING FILED WITH THE IRS. BOARD MEMBERS ARE ASKED TO REVIEW THE RETURN INDIVIDUALLY AND TO CONTACT THE RETURN PREPARER, OTHER BOARD MEMBERS, OR EXECUTIVE OFFICERS WITH ANY QUESTIONS OR CONCERNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES MONITORS AND ENFORCES COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS 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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LOCAL UNION 461 IBEW
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LOCAL UNION 461 PENSION FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2LOCAL UNION 461 APPRENTICE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0361264165
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1362882653
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2363456299
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C5
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1401A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0UNION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1RETIRE BEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2TRAINING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0591 SULLIVAN ROAD SUITE 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1591 SULLIVAN ROAD SUITE 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2591 SULLIVAN ROAD SUITE 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0AURORA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2IL
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd160506
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd260506
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt066592
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt117309
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL AMOUNT RECEIVED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL AMOUNT PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LOCAL UNION 461 INTL BROTHERHOOD EL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1LOCAL UNION 461 INTL BROTHERHOOD EL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0Q
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06677337
IRS990/TotalAssetsEOYAmt08187918
IRS990/TotalAssetsGrp/BOYAmt06677337
IRS990/TotalAssetsGrp/EOYAmt08187918
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt05958476
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0363458
IRS990/TotalLiabilitiesEOYAmt0334617
IRS990/TotalLiabilitiesGrp/BOYAmt0363458
IRS990/TotalLiabilitiesGrp/EOYAmt0334617
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06313879
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07853301
IRS990/TotalOtherCompensationAmt0109503
IRS990/TotalProgramServiceRevenueAmt07376437
IRS990/TotalRevenueGrp/ExclusionAmt0195919
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07375764
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07571683
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06677337
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08187918
IRS990/TotReportableCompRltdOrgAmt0255682
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0591 SULLIVAN ROAD SUITE 100
IRS990/USAddress/CityNm0AURORA
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060506
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRUCE ANDERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum05173217502
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IBEW LOCAL UNION 461 WELFARE FUND
ReturnHeader/Filer/BusinessNameControlTxt0IBEW
ReturnHeader/Filer/EIN0362514448
ReturnHeader/Filer/PhoneNum05173217502
ReturnHeader/Filer/USAddress/AddressLine1Txt06525 CENTURION DRIVE
ReturnHeader/Filer/USAddress/CityNm0LANSING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd0489179275
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00EC7524827FD4F4F56914D46D871263604CBF856
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C056A31B7DC59ED942FFCD85EE36774904C7B221
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.145.172.124
ReturnHeader/FilingSecurityInformation/IPDt02020-01-27
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS

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