Civic Intelligence

Chicago Federation of Musicians

EIN 36-2522545 • 501(c)9 • Chicago, IL

Profile

Provide health care benefits to eligible musician employees of employers covered by union agreement, and the chicago federation of musicians and other eligible musicians.

656 W Randolph St 2EChicago, IL 60661-2121

www.cfm10208.com

Siviq Scores

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

Liabilities / Assets

45th percentile

0.00x

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

501(c)9 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.00x

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

501(c)9 • $1M-$5M nonprofits • Source year 2024

Net Margin

72nd percentile

21%

Higher net margin than 72% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$166,245

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 31.7% of source-year revenue.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Asset Growth

84th percentile

19%

Faster asset growth than 84% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

53rd percentile

6.3%

Faster revenue growth than 53% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,185,329

Up $186,582 (+19%) from 2023

Liabilities

Down

$0

Down $5,834 (-100%) from 2023

Net Assets

Up

$1,185,329

Up $192,416 (+19%) from 2023

Revenue

Up

$525,173

Up $31,028 (+6.3%) from 2023

Expenses

Up

$413,675

Up $8,577 (+2.1%) from 2023

Net Income

Up

$111,498

Up $22,451 (+25%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2017: $1,136,664Liabilities 2017: $0Net Assets 2017: $1,136,6642017Assets 2019: $1,005,303Liabilities 2019: $0Net Assets 2019: $1,005,3032019Assets 2020: $924,132Liabilities 2020: $9,733Net Assets 2020: $914,3992020Assets 2021: $928,842Liabilities 2021: $8,808Net Assets 2021: $920,0342021Assets 2022: $877,185Liabilities 2022: $5,149Net Assets 2022: $872,0362022Assets 2023: $998,747Liabilities 2023: $5,834Net Assets 2023: $992,9132023Assets 2024: $1,185,329Liabilities 2024: $0Net Assets 2024: $1,185,3292024

Highlighted filing

2024

Assets$1,185,329
Liabilities$0
Net Assets$1,185,329

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2017: $594,324Expenses 2017: $806,860Net Income 2017: -$212,5362017Revenue 2019: $726,188Expenses 2019: $738,215Net Income 2019: -$12,0272019Revenue 2020: $464,848Expenses 2020: $585,910Net Income 2020: -$121,0622020Revenue 2021: $392,787Expenses 2021: $421,459Net Income 2021: -$28,6722021Revenue 2022: $500,379Expenses 2022: $425,922Net Income 2022: $74,4572022Revenue 2023: $494,145Expenses 2023: $405,098Net Income 2023: $89,0472023Revenue 2024: $525,173Expenses 2024: $413,675Net Income 2024: $111,4982024

Highlighted filing

2024

Revenue$525,173
Expenses$413,675
Net Income$111,498

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jun 23, 2025
Return Version
2023v6.0
Gross Receipts
$863,267
Mission and Program Overview

Mission

Provide health care benefits to eligible musician employees of employers covered by union agreement, and the chicago federation of musicians and other eligible musicians.

Provide health care benefits to eligible musician employees of employers covered by union agreements, and the chicago federation of musicians and other eligible musicians.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$992,913$1,185,329▲ $192,416
Investments in Publicly Traded Securities$877,302$1,074,550▲ $197,248
Savings and Temporary Cash Investments$80,854$76,964▼ $3,890
Accounts Receivable$31,316$30,709▼ $607
Prepaid Expenses and Deferred Charges$9,275$3,106▼ $6,169
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$998,747$1,185,329▲ $186,582
Liabilities
Accounts Payable and Accrued Expenses$5,834$0▼ $5,834
Total Liabilities$5,834$0▼ $5,834
Net Assets / Fund Balance
Total Net Assets Fund Balance$992,913$1,185,329▲ $192,416
Total Liabilities and Net Assets / Fund Balance$998,747$1,185,329▲ $186,582
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
John FloeterTrustee-$120,951$120,951
Margie BergerFund AdministratorPT$35,199$35,199

Board Members and Trustees

NameTitle
Bradley J LevyTrustee
Dulcie C GilmoreTrustee
Maury CollinsTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$489,565
Investment Income
$35,608
Other Revenue
$0
Change in Net Assets
$111,498

Audited Revenue Reconciliation

Revenue per Audited Statements
$518,939
Revenue Not Reported on Financial Statements
$6,234
Revenue Not Reported on Form 990
$80,918
Total Revenue per Audited Statements
$599,857
Total Revenue per Form 990
$525,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$69,810
Salaries, Compensation, and Employee Benefits$40,834
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$303,031
Current Officers, Directors, Trustees, and Key Employees---$40,834
Fees for Services Accounting---$20,514
Fees for Services Management---$20,502
Conferences and Meetings---$13,516
Fees for Service Investment Mgmnt Fees---$6,234
Fees for Services Legal---$3,055
Insurance---$2,788
Office Expenses---$2,006
Other Expenses---$1,195
Total Functional Expenses$0$0$0$413,675

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$413,675
Expenses per Audited Statements$407,441
Total Expenses per Audited Statements$407,441
Expenses Not Reported on Financial Statements$6,234
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization has no committee with authority to act on behalf of the governing board.

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

A copy of the form 990 is provided to all trustees prior to the filing.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are available upon request at the fund office.

Filing and Contact Details

Filer

Filer Name
Chicago Federation of Musicians
EIN
36-2522545
Phone
3127820063
Address
656 W RANDOLPH ST 2E, CHICAGO, IL 60661-2121

Signing Officer

Name
Bradley J Levy
Title
Trustee
Phone
3127820063
Signed
2025-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bradley J Levy
Formed
1961
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Legacy Professionals Llp
Address
4 WESTBROOK CORPORATE CTR STE 700, WESTCHESTER, IL 60154
Preparer
Christopher Franz
Phone
3123680500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 5

The chicago federation of musicians, local, which is a related organization to the filer, pays the salary and benefits for the fund's administrator who is included on part vii as a trustee of the fund. In turn, the local issues the required tax forms, including the form w-2 for these expenses. The fund reimburses the local for allocable expenses.

Financial Statement Notes

PART X, LINE 2:

The plan is required to evaluate its tax positions and disclose the amount of a tax liability if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by tax authorities. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML Appendix387 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO ALL TRUSTEES PRIOR TO THE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE FUND OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHICAGO FEDERATION OF MUSICIANS, LOCAL, WHICH IS A RELATED ORGANIZATION TO THE FILER, PAYS THE SALARY AND BENEFITS FOR THE FUND'S ADMINISTRATOR WHO IS INCLUDED ON PART VII AS A TRUSTEE OF THE FUND. IN TURN, THE LOCAL ISSUES THE REQUIRED TAX FORMS, INCLUDING THE FORM W-2 FOR THESE EXPENSES. THE FUND REIMBURSES THE LOCAL FOR ALLOCABLE EXPENSES.
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ReturnHeader/TaxPeriodEndDt02024-08-31
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