Civic Intelligence

Silgan White Cap Credit Union

990 • Fiscal year 2016 • EIN 36-2594101

Jan 01, 2016 to Dec 31, 2016 • Filed on May 01, 2017

1140 WEST 31st STREETDowners Grove, IL 60515

(630) 515-5144

Siviq Scores

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

Liabilities / Assets

19th percentile

0.72x

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

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

29.92x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Net Margin

4th percentile

-97%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

53rd percentile

$29,581

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 45.2% of source-year revenue.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Asset Growth

37th percentile

-2.4%

Faster asset growth than 37% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

51st percentile

-0.8%

Faster revenue growth than 51% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,729,380

Down $66,333 (-2.4%) from 2015

Net Assets

Down

$773,228

Down $63,111 (-7.5%) from 2015

Liabilities

Down

$1,956,152

Down $3,222 (-0.2%) from 2015

Revenue

Down

$65,387

Down $511 (-0.8%) from 2015

Expenses

Up

$128,497

Up $21,984 (+21%) from 2015

Net Income

Down

-$63,110

Down $22,495 (-55%) from 2015

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$0Assets 2011: $2,641,707Liabilities 2011: $1,753,790Net Assets 2011: $887,9172011Assets 2012: $2,705,691Liabilities 2012: $1,818,109Net Assets 2012: $887,5822012Assets 2013: $2,699,194Liabilities 2013: $1,822,303Net Assets 2013: $876,8912013Assets 2014: $2,704,591Liabilities 2014: $1,827,638Net Assets 2014: $876,9532014Assets 2015: $2,795,713Liabilities 2015: $1,959,374Net Assets 2015: $836,3392015Assets 2016: $2,729,380Liabilities 2016: $1,956,152Net Assets 2016: $773,2282016Assets 2017: $2,704,996Liabilities 2017: $1,930,095Net Assets 2017: $774,9012017Assets 2018: $2,675,385Liabilities 2018: $1,897,717Net Assets 2018: $777,6682018Assets 2019: $2,619,817Liabilities 2019: $1,857,520Net Assets 2019: $762,2972019Assets 2020: $2,792,711Liabilities 2020: $2,029,167Net Assets 2020: $763,5442020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2016

Assets$2,729,380
Liabilities$1,956,152
Net Assets$773,228

Operations Trend

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

$400K$200K$0-$200K-$400KExpenses 2011: $66,2022011Expenses 2012: $57,8362012Revenue 2013: $61,457Expenses 2013: $72,148Net Income 2013: -$10,6912013Revenue 2014: $63,658Expenses 2014: $63,595Net Income 2014: $632014Revenue 2015: $65,898Expenses 2015: $106,513Net Income 2015: -$40,6152015Revenue 2016: $65,387Expenses 2016: $128,497Net Income 2016: -$63,1102016Revenue 2017: $73,776Expenses 2017: $72,104Net Income 2017: $1,6722017Revenue 2018: $86,464Expenses 2018: $83,697Net Income 2018: $2,7672018Revenue 2019: $84,793Expenses 2019: $100,164Net Income 2019: -$15,3712019Revenue 2020: $74,248Expenses 2020: $73,000Net Income 2020: $1,2482020Revenue 2021: $75,037Expenses 2021: $379,575Net Income 2021: -$304,5382021

Highlighted filing

2016

Revenue$65,387
Expenses$128,497
Net Income-$63,110
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 1, 2017
Return Version
2016v3.0
Gross Receipts
$65,387
Mission and Program Overview

Mission

Provide loans and savings

Provide loans and savings accounts to employees of silgan white cap to offer low interest loans and dividends on savings accounts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,177,170$1,321,723▲ $144,553
Savings and Temporary Cash Investments$1,343,411$1,268,572▼ $74,839
Rtn Earn Endowment Incm Other Fnds$836,339$773,228▼ $63,111
Cash and Non-Interest-Bearing Accounts$196,564$45,061▼ $151,503
Receivables From Officers Etc$35,044$20,586▼ $14,458
Total Assets$2,795,713$2,729,380▼ $66,333
Other Assets Total$43,524$73,438▲ $29,914
Liabilities
Other Liabilities$1,956,749$1,952,627▼ $4,122
Accounts Payable and Accrued Expenses$2,625$3,525▲ $900
Total Liabilities$1,959,374$1,956,152▼ $3,222
Net Assets / Fund Balance
Total Net Assets Fund Balance$836,339$773,228▼ $63,111
Total Liabilities and Net Assets / Fund Balance$2,795,713$2,729,380▼ $66,333

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$23,642$23,642
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Callard CarolynPresidentPT$29,581$29,581

Board Members and Trustees

NameTitle
Kurtz ThomasChairperson
Callard WilliamVice Chairperson
Cormack RichardDirector
De Rosa NicoleDirector
Hurley ArthurDirector
Keag DebraDirector
Orth KevinDirector
Szczesniak DennisDirector
Kamm EdieSecretary
Severson DavidTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$51,886
Investment Income
$12,419
Other Revenue
$1,082
Change in Net Assets
$-63,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$93,809
Salaries, Compensation, and Employee Benefits$34,688
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$53,325--$53,325
Current Officers, Directors, Trustees, and Key Employees$34,688--$34,688
Fees for Services Other$15,850--$15,850
Interest$10,036--$10,036
Insurance$3,754--$3,754
Other Expenses$2,435--$2,435
Office Expenses$1,222--$1,222
Conferences and Meetings$675--$675
Travel$656--$656
Fees for Services Accounting$435--$435
Advertising$75--$75
Total Functional Expenses$128,497$0$0$128,497
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$35,044$20,586▼ $14,458
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$1,952,627
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
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, Line 9

Edie kamm 1435 n. Merrimac ln hanover park il 60133

Form 990, Part VI, Line 9

David severson 7253 n. Rascher chicago il 60656

Form 990, Part VI, Line 9

Richard cormack 1913 sandgate crt naperville il 60565

Form 990, Part VI, Line 9

William callard 1420 jasper dr. Wheaton il 60189

Form 990, Part VI, Line 9

Debra keag 904 quince lane mt. Prospect il 60056

Form 990, Part VI, Line 9

Arthur hurley 4150 crimson dr. Hoffman estates il 60195

Form 990, Part VI, Line 9

Thomas kurtz 230 east ave. Park ridge il 60068

Form 990, Part VI, Line 9

Dennis szczesniak 1229 janas lane lemont il 60439

Form 990, Part VI, Line 9

Nicole de rosa 2866 coastal drive aurora il 60503

Form 990, Part VI, Line 9

Kevin orth 230 east ave paqrk ridge il 60068

Filing and Contact Details

Filer

Filer Name
Silgan White Cap Credit Union
EIN
36-2594101
Phone
6305155144
Address
1140 WEST 31st STREET, DOWNERS GROVE, IL 60515

Signing Officer

Name
Thomas Kurtz
Title
Chairperson
Phone
6305155144
Signed
2017-05-01
Discuss with paid preparer
Yes

Organization Details

Formed
1935
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
10

Preparer

Firm
Homer Wilson & Co Ltd
Address
900 RIDGE ROAD SUITE S, MUNSTER, IN 46321-1727
Preparer
Ray Suoranta
Phone
2198364930
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

The president is married to a board member

Pt VI, Line 6

Members of the credit union are considered shareholders

Pt VI, Line 7A

The board of directors are elected by the members at the annual meeting

Pt VI, Line 11B

The board is provided a copy of the 990 for review

Pt VI, Line 15A

The chairman uses a published payscale to help determine compensation

Pt XI

The difference of $1.00 is due to rounding

Form 990, Part IX, Line 24E

CASH OVER/SHORT 12. 12.

Form 990, Part IX, Line 24E

Misc operating exp 100. 100.

Form 990, Part IX, Line 24E

Provision for loan loss 49114. 49114.

Form 990, Part IX, Line 24E

ICUL DUES 4082. 4082.

Form 990, Part IX, Line 24E

LOAN SERVICING 17. 17.

Raw XML Appendix393 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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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt020586
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0NEW CAR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt029250
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0CORMACK RICHARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt020586
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT IS MARRIED TO A BOARD MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE CREDIT UNION ARE CONSIDERED SHAREHOLDERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERS AT THE ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD IS PROVIDED A COPY OF THE 990 FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CHAIRMAN USES A PUBLISHED PAYSCALE TO HELP DETERMINE COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE DIFFERENCE OF $1.00 IS DUE TO ROUNDING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EDIE KAMM 1435 N. MERRIMAC LN HANOVER PARK IL 60133
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DAVID SEVERSON 7253 N. RASCHER CHICAGO IL 60656
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8RICHARD CORMACK 1913 SANDGATE CRT NAPERVILLE IL 60565
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9WILLIAM CALLARD 1420 JASPER DR. WHEATON IL 60189
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DEBRA KEAG 904 QUINCE LANE MT. PROSPECT IL 60056
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11ARTHUR HURLEY 4150 CRIMSON DR. HOFFMAN ESTATES IL 60195
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12THOMAS KURTZ 230 EAST AVE. PARK RIDGE IL 60068
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13DENNIS SZCZESNIAK 1229 JANAS LANE LEMONT IL 60439
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14NICOLE DE ROSA 2866 COASTAL DRIVE AURORA IL 60503
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15KEVIN ORTH 230 EAST AVE PAQRK RIDGE IL 60068
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16CASH OVER/SHORT 12. 12.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17MISC OPERATING EXP 100. 100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18PROVISION FOR LOAN LOSS 49114. 49114.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19ICUL DUES 4082. 4082.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20LOAN SERVICING 17. 17.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990, Part IX, Line 24e
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02795713
IRS990/TotalAssetsEOYAmt02729380
IRS990/TotalAssetsGrp/BOYAmt02795713
IRS990/TotalAssetsGrp/EOYAmt02729380
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0128497
IRS990/TotalFunctionalExpensesGrp/TotalAmt0128497
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01959374
IRS990/TotalLiabilitiesEOYAmt01956152
IRS990/TotalLiabilitiesGrp/BOYAmt01959374
IRS990/TotalLiabilitiesGrp/EOYAmt01956152
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0836339
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0773228
IRS990/TotalProgramServiceRevenueAmt051886
IRS990/TotalReportableCompFromOrgAmt029581
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt065387
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt065387
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02795713
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02729380
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt0656
IRS990/TravelGrp/TotalAmt0656
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01140 WEST 31st STREET
IRS990/USAddress/CityNm0DOWNERS GROVE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060515
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS KURTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum06305155144
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SILGAN WHITE CAP CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SILG
ReturnHeader/Filer/EIN0362594101
ReturnHeader/Filer/PhoneNum06305155144
ReturnHeader/Filer/USAddress/AddressLine1Txt01140 WEST 31st STREET
ReturnHeader/Filer/USAddress/CityNm0DOWNERS GROVE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060515
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0808987BF821117E37453321C45483303084AA3E6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04AF67578957353FE3DC11EB309A199CA69A97861
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.201.147.181
ReturnHeader/FilingSecurityInformation/IPDt02017-05-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm008:30:49
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOMER WILSON & CO LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0900 RIDGE ROAD SUITE S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MUNSTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0463211727
ReturnHeader/PreparerPersonGrp/PhoneNum02198364930
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RAY SUORANTA
ReturnHeader/ReturnTs02017-05-10T08:30:57-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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