Civic Intelligence

Midwest Podiatry Conference

990 • Fiscal year 2019 • EIN 36-3032201

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 07, 2020

745 McClintock No 340Burr Ridge, IL 60527

(312) 427-5810

Siviq Scores

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

Liabilities / Assets

97th percentile

1.00x

Higher debt load relative to assets than 97% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.37x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

90th percentile

26%

Higher net margin than 90% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

5th percentile

-20%

Faster asset growth than 5% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

55th percentile

4.8%

Faster revenue growth than 55% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$410,992

Down $100,780 (-20%) from 2018

Net Assets

Flat

$1,001

Flat from 2018

Liabilities

Down

$409,991

Down $100,780 (-20%) from 2018

Revenue

Up

$1,101,079

Up $50,327 (+4.8%) from 2018

Expenses

Up

$819,625

Up $130,169 (+19%) from 2018

Net Income

Down

$281,454

Down $79,842 (-22%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2012: $609,259Liabilities 2012: $608,258Net Assets 2012: $1,0012012Assets 2013: $516,198Liabilities 2013: $515,197Net Assets 2013: $1,0012013Assets 2014: $539,362Liabilities 2014: $538,361Net Assets 2014: $1,0012014Assets 2015: $401,789Liabilities 2015: $400,788Net Assets 2015: $1,0012015Assets 2016: $436,390Liabilities 2016: $435,389Net Assets 2016: $1,0012016Assets 2017: $368,400Liabilities 2017: $367,399Net Assets 2017: $1,0012017Assets 2018: $511,772Liabilities 2018: $510,771Net Assets 2018: $1,0012018Assets 2019: $410,992Liabilities 2019: $409,991Net Assets 2019: $1,0012019Assets 2020: $580,705Liabilities 2020: $579,704Net Assets 2020: $1,0012020Assets 2021: $430,900Liabilities 2021: $325,503Net Assets 2021: $105,3972021Assets 2022: $202,863Liabilities 2022: $139,270Net Assets 2022: $63,5932022Assets 2023: $170,334Liabilities 2023: $97,409Net Assets 2023: $72,9252023Assets 2024: $100,077Liabilities 2024: $24,451Net Assets 2024: $75,6262024

Highlighted filing

2019

Assets$410,992
Liabilities$409,991
Net Assets$1,001

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2012: $721,1212012Expenses 2013: $689,7112013Revenue 2014: $1,125,065Expenses 2014: $709,622Net Income 2014: $415,4432014Revenue 2015: $943,760Expenses 2015: $630,700Net Income 2015: $313,0602015Revenue 2016: $979,018Expenses 2016: $672,891Net Income 2016: $306,1272016Revenue 2017: $946,897Expenses 2017: $658,374Net Income 2017: $288,5232017Revenue 2018: $1,050,752Expenses 2018: $689,456Net Income 2018: $361,2962018Revenue 2019: $1,101,079Expenses 2019: $819,625Net Income 2019: $281,4542019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $786,372Expenses 2021: $557,241Net Income 2021: $229,1312021Revenue 2022: $732,772Expenses 2022: $650,814Net Income 2022: $81,9582022Revenue 2023: $732,118Expenses 2023: $638,791Net Income 2023: $93,3272023Revenue 2024: $751,390Expenses 2024: $748,689Net Income 2024: $2,7012024

Highlighted filing

2019

Revenue$1,101,079
Expenses$819,625
Net Income$281,454
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 7, 2020
Return Version
2018v3.1
Gross Receipts
$1,101,079
Mission and Program Overview

Mission

The Midwest Podiatry Conference is a confederation of podiatric medical associations. The primary purpose of the Conference is to promote the art and science of podiatric medicine and the enhancement of public health through an annual program of continuing (sched. o) education and other professionally oriented instruction for member podiatric physicians. Membership of the Conference consists of regular members and associate members. Regular members are the state associations of Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri and Wisconsin. Associate members are the state associations of Arkansas, Kansas, Nebraska, North Dakota, Oklahoma and South Dakota and the Canadian Province of Ontario. The Illinois Podiatric Medical Association manages the Conference.

A confederation of podiatric medical associations to promote art & science of podiatric medicine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$485,713$348,081▼ $137,632
Accounts Receivable$26,059$59,981▲ $33,922
Prepaid Expenses and Deferred Charges-$2,930-
Total Assets$511,772$410,992▼ $100,780
Liabilities
Other Liabilities$361,296$281,454▼ $79,842
Accounts Payable and Accrued Expenses$146,557$123,197▼ $23,360
Deferred Revenue$2,918$5,340▲ $2,422
Total Liabilities$510,771$409,991▼ $100,780
Net Assets / Fund Balance
Unrestricted Net Assets$1,001$1,001→ $0
Total Net Assets Fund Balance$1,001$1,001→ $0
Total Liabilities and Net Assets / Fund Balance$511,772$410,992▼ $100,780
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sarah Dickey DPMPresident of Board
Marie Delewsky DPMPresident/Executive Counci
Brian Gale DPMBoard Member
Chuck Ginn DPMBoard Member
Garrett Wobst DPMBoard Member
Inderjit Panesar DPMBoard Member
James Hill DPMBoard Member
Jon Morgan DPMBoard Member
Joyce Patouhas DPMBoard Member
Richard Loesch DPMBoard Member
Robert Greenhagen DPMBoard Member
Scott Kochenower DPMBoard Member
Sharon Anderson DPMBoard Member
Thomas L Joseph MPS CAEExecutive Director thru 6/5/19
Loring Stead DPMExecutive Council Member
Nicole Jedlicka DPMExecutive Council Member
Radmilla Samardzija DPMExecutive Council Member
Vincent Coda DPMSecretary/Executive Counci
Robert Sage DPMTreasurer/Executive Counci
John Ruff DPMVice-Pres/Executive Counci

Highest Paid Contractors

ContractorServicesLocationCompensation
Illinois Podiatric Medical AssociationAdministration745 McClintock Drive, Burr Ridge, IL 60527$182,795
Revenue and Support

Revenue Composition

Contributions and Grants
$219,926
Program Service Revenue
$861,311
Investment Income
$392
Other Revenue
$19,450
All Other Contributions
$219,926
Change in Net Assets
$281,454

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,101,079
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$17,313
Total Revenue per Audited Statements
$1,118,392
Total Revenue per Form 990
$1,101,079
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$817,625
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$328,259
Fees for Services Management---$182,795
Travel---$63,297
Office Expenses---$32,789
Other Expenses---$17,874
Advertising---$11,491
Fees for Services Accounting---$10,400
Insurance---$6,971
All Other Expenses---$5,659
Fees for Services Other---$4,500
Grants to Domestic Orgs---$2,000
Total Functional Expenses$0$0$0$819,625

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$836,938
Expenses per Audited Statements$819,625
Total Expenses per Form 990$819,625
Expenses Not Reported on Form 990$17,313
Expenses Not Reported on Financial Statements$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
Members' distribution payable$281,454
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
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

The Organization is managed by Illinois Podiatric Medical Association, a 501(c)(6) organization and a founding member of the conference. The Organization paid the Illinois Podiatric Medical Association $182,795 for management services in this fiscal year. John D. Ruff, DPM, is a board member of Midwest Podiatry Conference and a member of the Illinois Podiatric Medical Association.

Form 990, Part VI, Section A, line 6

Membership of the conference consists of regular members and associate members. Regular members are the seven founding state podiatric associations of Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri and Wisconsin. Associate members are the state associations of Arkansas, Kansas, Nebraska, North Dakota, Oklahoma and South Dakota and the Canadian Province of Ontario.

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

Each regular member association is represented by a delegate appointed by that association. The Board of Directors of Midwest Podiatry conference consists of the conference delegates and the President of each member association.

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

The form 990 was reviewed by the Executive Director and the Director of Finance & Administration prior to filing.

Form 990, Part VI, Section B, line 12C

The Organization requires that Board members disclose and sign a conflict of interest statement annually.

Form 990, Part VI, Section C, line 19

Governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Midwest Podiatry Conference
EIN
36-3032201
Phone
3124275810
Address
745 McClintock No 340, Burr Ridge, IL 60527

Signing Officer

Name
Dr Bruce Smit DPM
Title
Interim Executive Director
Phone
3124275810
Signed
2020-01-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Bruce Smit DPM
Formed
1987
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
21

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western Ave, Chicago, IL 60643
Preparer
David J Rambo
Phone
7737794721
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Payments to member associations: Illinois Podiatric Medical Association -181,261. Indiana Podiatric Medical Association -21,343. Wisconsin Podiatric Medical Association -23,351. Michigan Podiatric Medical Association -17,755. Iowa Podiatric Medical Association -14,656. Missouri Podiatric Medical Association -13,255. Minnesota Podiatric Medical Association -9,833. Arkansas Podiatric Medical Association

Financial Statement Notes

Part X, Line 2:

FIN 48 Note from Audited Financial Statements The Conference was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(6). The tax exempt purpose of the Conference and the nature in which it operates is described in the first paragraph of this note. Management's assertion is that there are no uncertain tax positions and the Conference continues to operate in compliance with its tax-exempt purpose. The Conference does generate revenue from advertising, which is an activity considered unrelated to its exempt function. The income from this activity less related costs is subject to tax. Management did not have any accrued tax balance for the years ending June 30, 2018 and 2017, respectively. The Conference's annual information and income tax returns filed with the federal and state governments are subject to examination for the statutory period.

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IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19Executive Director thru 6/5/19
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IRS990/MissionDesc0The Midwest Podiatry Conference is a confederation of podiatric medical associations. The primary purpose of the Conference is to promote the art and science of podiatric medicine and the enhancement of public health through an annual program of continuing (sched. o) education and other professionally oriented instruction for member podiatric physicians. Membership of the Conference consists of regular members and associate members. Regular members are the state associations of Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri and Wisconsin. Associate members are the state associations of Arkansas, Kansas, Nebraska, North Dakota, Oklahoma and South Dakota and the Canadian Province of Ontario. The Illinois Podiatric Medical Association manages the Conference.
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IRS990/OtherExpensesGrp/Desc1Courses
IRS990/OtherExpensesGrp/Desc2Registration
IRS990/OtherExpensesGrp/Desc3Honorariums
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IRS990/OtherRevenueMiscGrp/Desc0Advertising
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16900
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt012550
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IRS990/PrincipalOfficerNm0Dr Bruce Smit DPM
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1376701
IRS990/ProgSrvcAccomActy2Grp/Desc0Educational courses provided in conjunction with the Conference intended to educate participants on current issues and to provide a forum for the exchange of ideas.
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01101079
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 Note from Audited Financial Statements The Conference was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(6). The tax exempt purpose of the Conference and the nature in which it operates is described in the first paragraph of this note. Management's assertion is that there are no uncertain tax positions and the Conference continues to operate in compliance with its tax-exempt purpose. The Conference does generate revenue from advertising, which is an activity considered unrelated to its exempt function. The income from this activity less related costs is subject to tax. Management did not have any accrued tax balance for the years ending June 30, 2018 and 2017, respectively. The Conference's annual information and income tax returns filed with the federal and state governments are subject to examination for the statutory period.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleD/TotalRevenuePerForm990Amt01101079
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01118392
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0836938
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization is managed by Illinois Podiatric Medical Association, a 501(c)(6) organization and a founding member of the conference. The Organization paid the Illinois Podiatric Medical Association $182,795 for management services in this fiscal year. John D. Ruff, DPM, is a board member of Midwest Podiatry Conference and a member of the Illinois Podiatric Medical Association.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Membership of the conference consists of regular members and associate members. Regular members are the seven founding state podiatric associations of Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri and Wisconsin. Associate members are the state associations of Arkansas, Kansas, Nebraska, North Dakota, Oklahoma and South Dakota and the Canadian Province of Ontario.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each regular member association is represented by a delegate appointed by that association. The Board of Directors of Midwest Podiatry conference consists of the conference delegates and the President of each member association.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The form 990 was reviewed by the Executive Director and the Director of Finance & Administration prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization requires that Board members disclose and sign a conflict of interest statement annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Payments to member associations: Illinois Podiatric Medical Association -181,261. Indiana Podiatric Medical Association -21,343. Wisconsin Podiatric Medical Association -23,351. Michigan Podiatric Medical Association -17,755. Iowa Podiatric Medical Association -14,656. Missouri Podiatric Medical Association -13,255. Minnesota Podiatric Medical Association -9,833. Arkansas Podiatric Medical Association
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, line 9:
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