Civic Intelligence

Ironworkers Local #498

990 • Fiscal year 2023 • EIN 36-2767733

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 10, 2024

Organization ProfileN/A
5640 Sockness DriveRockford, IL 61109

(815) 873-9180

Siviq Scores

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

Liabilities / Assets

81st percentile

0.04x

Higher debt load relative to assets than 81% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

0.04x

Higher debt load relative to revenue than 80% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Net Margin

81st percentile

21%

Higher net margin than 81% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Top Officer Pay

47th percentile

$181

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Asset Growth

91st percentile

31%

Faster asset growth than 91% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

39th percentile

0.2%

Faster revenue growth than 39% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$459,849

Up $107,880 (+31%) from 2022

Net Assets

Up

$441,283

Up $100,733 (+30%) from 2022

Liabilities

Up

$18,566

Up $7,147 (+63%) from 2022

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin81st percentile

Revenue

Up

$483,663

Up $734 (+0.2%) from 2022

Expenses

Down

$382,930

Down $2,051 (-0.5%) from 2022

Net Income

Up

$100,733

Up $2,785 (+2.8%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$800K$600K$400K$200K$0Assets 2019: $285,998Liabilities 2019: $2,622Net Assets 2019: $283,3762019Assets 2020: $242,057Liabilities 2020: $11,946Net Assets 2020: $230,1112020Assets 2021: $254,809Liabilities 2021: $12,207Net Assets 2021: $242,6022021Assets 2022: $351,969Liabilities 2022: $11,419Net Assets 2022: $340,5502022Assets 2023: $459,849Liabilities 2023: $18,566Net Assets 2023: $441,2832023Assets 2024: $639,981Liabilities 2024: $11,699Net Assets 2024: $628,2822024

Highlighted filing

2023

Assets$459,849
Liabilities$18,566
Net Assets$441,283
Open 2023 Filing

Operations Trend

Revenue Growth39th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2019: $401,312Expenses 2019: $406,517Net Income 2019: -$5,2052019Revenue 2020: $343,535Expenses 2020: $396,800Net Income 2020: -$53,2652020Revenue 2021: $401,699Expenses 2021: $389,208Net Income 2021: $12,4912021Revenue 2022: $482,929Expenses 2022: $384,981Net Income 2022: $97,9482022Revenue 2023: $483,663Expenses 2023: $382,930Net Income 2023: $100,7332023Revenue 2024: $602,246Expenses 2024: $415,247Net Income 2024: $186,9992024

Highlighted filing

2023

Revenue$483,663
Expenses$382,930
Net Income$100,733
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 10, 2024
Return Version
2023v5.1
Gross Receipts
$483,663
Mission and Program Overview

Mission

Industry training of apprentices and iron workers of local #498

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$340,550$441,283▲ $100,733
Savings and Temporary Cash Investments$254,271$369,397▲ $115,126
Accounts Receivable$37,506$42,940▲ $5,434
Land, Buildings, and Equipment, Net$52,369$40,209▼ $12,160
Prepaid Expenses and Deferred Charges$7,823$7,303▼ $520
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$351,969$459,849▲ $107,880
Liabilities
Accounts Payable and Accrued Expenses$10,526$18,081▲ $7,555
Other Liabilities$893$485▼ $408
Total Liabilities$11,419$18,566▲ $7,147
Net Assets / Fund Balance
Total Net Assets Fund Balance$340,550$441,283▲ $100,733
Total Liabilities and Net Assets / Fund Balance$351,969$459,849▲ $107,880

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$33,281$115,473$148,754
Leasehold Improvements$6,928$3,964$10,892
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleBaseTotal
John MeierTrustee/instructor$181$181

Board Members and Trustees

NameTitle
David AnspaughTrustee
Jeff SheltonTrustee
John LichtyTrustee
Keith GahlTrustee
Mark RichesonTrustee
William JohnsonTrustee (past)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$476,451
Investment Income
$6,638
Other Revenue
$574
Change in Net Assets
$100,733

Audited Revenue Reconciliation

Revenue per Audited Statements
$483,663
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$483,663
Total Revenue per Form 990
$483,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$214,741
Other Expenses$168,189
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$133,983
Occupancy---$109,684
Pension Plan Contributions---$48,620
Other Expenses---$22,080
Other Employee Benefits---$20,732
Depreciation Depletion---$12,159
Payroll Taxes---$11,225
Fees for Services Accounting---$10,272
Insurance---$5,479
Office Expenses---$3,808
Conferences and Meetings---$2,997
Fees for Services Legal---$1,710
Current Officers, Directors, Trustees, and Key Employees---$181
Total Functional Expenses$0$0$0$382,930

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$382,930
Total Expenses per Audited Statements$382,930
Total Expenses per Form 990$382,930
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Withholdings$485
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Other officer compensation reviewed
Yes
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

“There are no committees other than the full board of trustees.”

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

“A designated trustee reviews the form 990 before it is filed. In addition, form 990 is made available to the entire board for their review upon request.”

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

“Compensation for the apprenticeship director/trustee and instructors is in accordance with the collective bargaining agreement and bylaws.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and financial statements are available upon request at the organization's office.”

Filing and Contact Details

Filer

Filer Name
IRONWORKERS LOCAL #498
EIN
36-2767733
Phone
8158739180
Address
5640 SOCKNESS DRIVE, ROCKFORD, IL 61109

Signing Officer

Name
Mark Richeson
Title
Trustee
Phone
8158739180
Signed
2024-10-10
Discuss with paid preparer
Yes

Organization Details

Formed
1946
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
5
Employees
11
Volunteers
0

Preparer

Firm
Calibre CPA Group Pllc
Address
230 WEST MONROE ST STE310, CHICAGO, IL 60606
Preparer
Aaron Plath
Phone
3126550037
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“No change from prior year.”

Financial Statement Notes

PART X, LINE 2:

“As of december 31, 2023, there were no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The organization's forms 990, return of organization exempt from income tax, for the fiscal years ending 2020, 2021 and 2022 are subject to examination by the irs, generally for three years after they were filed.”

Raw XML Appendix330 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/ExplanationTxt0THERE ARE NO COMMITTEES OTHER THAN THE FULL BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DESIGNATED TRUSTEE REVIEWS THE FORM 990 BEFORE IT IS FILED. IN ADDITION, FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD FOR THEIR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE APPRENTICESHIP DIRECTOR/TRUSTEE AND INSTRUCTORS IS IN ACCORDANCE WITH THE COLLECTIVE BARGAINING AGREEMENT AND BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE.
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IRS990/TotalLiabilitiesBOYAmt011419
IRS990/TotalLiabilitiesEOYAmt018566
IRS990/TotalLiabilitiesGrp/BOYAmt011419
IRS990/TotalLiabilitiesGrp/EOYAmt018566
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0340550
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0441283
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0476451
IRS990/TotalReportableCompFromOrgAmt0181
IRS990/TotalRevenueGrp/ExclusionAmt06638
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0477025
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0483663
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0351969
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0459849
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05640 SOCKNESS DRIVE
IRS990/USAddress/CityNm0ROCKFORD
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061109
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK RICHESON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum08158739180
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IRONWORKERS LOCAL #498
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0JOINT APPRENTICESHIP COMMITTEE
ReturnHeader/Filer/BusinessNameControlTxt0IRON
ReturnHeader/Filer/EIN0362767733
ReturnHeader/Filer/PhoneNum08158739180
ReturnHeader/Filer/USAddress/AddressLine1Txt05640 SOCKNESS DRIVE
ReturnHeader/Filer/USAddress/CityNm0ROCKFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061109
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470900880
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CALIBRE CPA GROUP PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0230 WEST MONROE ST STE310
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03126550037
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AARON PLATH
ReturnHeader/ReturnTs02024-10-10T08:06:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$459,849
Liabilities
$18,566
Net assets
$441,283
Revenue
$483,663
Expenses
$382,930
Net income
$100,733
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.40$0.12$6.28$6.02$4.15$1.87
2023Detailed filing. Detailed filing data is available for this year.$4.60$0.19$4.41$4.84$3.83$1.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.52$0.11$3.41$4.83$3.85$0.98
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$0.12$2.43$4.02$3.89$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.42$0.12$2.30$3.44$3.97$0.53
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.86$0.03$2.83$4.01$4.07$0.05