Civic Intelligence

Ptda Foundation

990 • Fiscal year 2018 • EIN 36-3225792

Jan 01, 2018 to Dec 31, 2018 • Filed on May 10, 2019

230 W Monroe St No 1410Chicago, IL 60606-4703

(312) 516-2100

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$643,643

Up $71,883 (+13%) from 2017

Net Assets

Up

$643,434

Up $71,724 (+13%) from 2017

Liabilities

Up

$209

Up $159 (+318%) from 2017

Revenue And Expenses

Revenue

Down

$286,184

Down $61,038 (-18%) from 2017

Expenses

Down

$214,460

Down $66,507 (-24%) from 2017

Net Income

Up

$71,724

Up $5,469 (+8.3%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2017: $571,760Liabilities 2017: $50Net Assets 2017: $571,7102017Assets 2018: $643,643Liabilities 2018: $209Net Assets 2018: $643,4342018Assets 2019: $652,014Liabilities 2019: $83Net Assets 2019: $651,9312019Assets 2020: $614,245Liabilities 2020: $0Net Assets 2020: $614,2452020Assets 2021: $593,628Liabilities 2021: $26,881Net Assets 2021: $566,7472021Assets 2022: $553,423Liabilities 2022: $23,607Net Assets 2022: $529,8162022Assets 2023: $574,331Liabilities 2023: $0Net Assets 2023: $574,3312023Assets 2024: $671,674Liabilities 2024: $0Net Assets 2024: $671,6742024

Highlighted filing

2018

Assets$643,643
Liabilities$209
Net Assets$643,434

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2017: $347,222Expenses 2017: $280,967Net Income 2017: $66,2552017Revenue 2018: $286,184Expenses 2018: $214,460Net Income 2018: $71,7242018Revenue 2019: $292,432Expenses 2019: $283,935Net Income 2019: $8,4972019Revenue 2020: $194,027Expenses 2020: $231,713Net Income 2020: -$37,6862020Revenue 2021: $245,725Expenses 2021: $293,223Net Income 2021: -$47,4982021Revenue 2022: $294,897Expenses 2022: $331,828Net Income 2022: -$36,9312022Revenue 2023: $261,016Expenses 2023: $216,501Net Income 2023: $44,5152023Revenue 2024: $296,856Expenses 2024: $199,513Net Income 2024: $97,3432024

Highlighted filing

2018

Revenue$286,184
Expenses$214,460
Net Income$71,724
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 10, 2019
Return Version
2018v3.1
Gross Receipts
$326,003
Mission and Program Overview

Mission

The ptda foundation (the charitable arm of ptda) is dedicated to improving the knowledge, professionalism and productivity of individuals in the power transmission/motion control (pt/mc) industry.

Dedicated to improving the knowledge, professionalism and productivity of individuals in the power transmission/motion control (pt/mc) industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$490,331$520,172▲ $29,841
Pledges and Grants Receivable$60,900$30,500▼ $30,400
Prepaid Expenses and Deferred Charges$3,900$1,850▼ $2,050
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$571,760$643,643▲ $71,883
Other Assets Total$16,629$91,121▲ $74,492
Liabilities
Accounts Payable and Accrued Expenses$50$209▲ $159
Total Liabilities$50$209▲ $159
Net Assets / Fund Balance
Unrestricted Net Assets$420,230$481,722▲ $61,492
Temporarily Rstr Net Assets$151,480$161,712▲ $10,232
Total Net Assets Fund Balance$571,710$643,434▲ $71,724
Total Liabilities and Net Assets / Fund Balance$571,760$643,643▲ $71,883

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$55,350$55,350
Other Assets Org$91,121--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian ShortPresident
Keith NowakFirst Vice President
Ajay BajajDirector
Barbara J RossDirector
Dave WitwerDirector
James WilliamsDirector
John M MasekDirector
Pamela KanDirector
Robert K CallahanDirector
Rod FlaniganDirector
Scott TaylorDirector
Tom DielschneiderDirector
William C MooreDirector
Ann ArnottExecutive Director
Leroy BurcroffTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$278,338
Program Service Revenue
$6,527
Investment Income
$218
Other Revenue
$1,101
All Other Contributions
$252,235
Change in Net Assets
$71,724

Audited Revenue Reconciliation

Revenue per Audited Statements
$286,184
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$286,184
Total Revenue per Form 990
$286,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$214,460
Total Fundraising Expense$44,029
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$86,837$26,204$30,042$143,083
Occupancy$16,619$3,704$4,021$24,344
Fees for Services Accounting-$3,875$4,096$7,971
Conferences and Meetings-$5,003$1,392$6,395
Travel$3,953$1,876$559$6,388
Advertising$2,336-$1,459$3,795
Office Expenses$711$398$2,096$3,205
Information Technology$640$143$364$1,147
Fees for Services Legal$103$878-$981
Other Expenses$143--$143
Total Functional Expenses$128,350$42,081$44,029$214,460

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$214,460
Total Expenses per Audited Statements$214,460
Total Expenses per Form 990$214,460
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$40,920
Fundraising Direct Expenses$39,819
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$67,023$40,920$480$40,440
Total Events$67,023$40,920$39,819$1,101
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The ptda foundation treasurer reviews and signs the tax returns. The ptda foundation executive vice president also reviews the returns prior to providing them to the treasurer for signature.

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

The organization screens its board candidates during the nominating process to ensure a conflict of interest does not exist. On an annual basis, board members sign a conflict of interest statement. Members are not utilized as a vendors to the organization. Board members are reminded to declare any conflicts of interest at each board meeting.

Form 990, Part VI, Section B, Line 15

Form 990, part vi: section b, line 15: the ptda foundation has no direct employees.

Form 990, Part VI, Section C, Line 19

Interested persons should contact ptda foundation directly to request a copy of governing documents, conflict of interest policies and financial statements.

Filing and Contact Details

Filer

Filer Name
Ptda Foundation
EIN
36-3225792
Phone
3125162100
Address
230 W MONROE ST NO 1410, CHICAGO, IL 60606-4703

Signing Officer

Name
Mike Mclain
Title
Treasurer
Phone
3125162100
Signed
2019-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Arnott
Formed
1982
Legal Domicile
De
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
30

Preparer

Firm
Mann Weitz & Associates LLC
Address
111 DEER LAKE ROAD SUITE 125, DEERFIELD, IL 60015
Preparer
Marcy Steindler
Phone
8472673400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. As of december 31, 2018, the foundation had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

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IRS990/ProgramServiceRevenueGrp/Desc0ID COURSE & OTHER FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06527
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06527
IRS990/ProgSrvcAccomActy2Grp/Desc0IMPROVING THE PROFESSIONALISM OF THE INDUSTRY WITH RESOURCES TO ASSIST IN ATTRACTING INDIVIDUALS TO THE PT/MC INDUSTRY AND WITH PROGRAMS RECOGNIZING INDIVIDUALS WHO EXCEL IN THE PT/MC INDUSTRY. IN 2018, THE PTDA FOUNDATION SUPPORTED UNIVERSITY STUDENTS SPEAKING AT AN INDUSTRY EVENT AND PRESENTED AN AWARD TO A TRAILBLAZING WOMAN IN THE INDUSTRY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt027626
IRS990/ProgSrvcAccomActy3Grp/Desc0IMPROVING THE PRODUCTIVITY OF INDIVIDUALS IN THE HUMAN RESOURCES FUNCTIONS IN THE INDUSTRY BY PROVIDING PT/MC-SPECIFIC RESOURCES FOR THEIR USE IN FULFILLMENT OF THEIR JOB RESPONSIBILITIES. IN 2018, THE PTDA FOUNDATION DEVELOPED JOB DESCRIPTIONS TEMPLATES INDUSTRY PROFESSIONALS COULD USE TO JUMP-START THEIR OWN VERSIONS AND SOLD 31 SETS OF EDUCATIONAL MATERIALS TO TRAIN NEW HIRES ON THE PT/MC DISTRIBUTION BUSINESS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt029712
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt06527
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0349811
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0737
IRS990/PYOtherExpensesAmt0280967
IRS990/PYOtherRevenueAmt0-12336
IRS990/PYProgramServiceRevenueAmt09010
IRS990/PYRevenuesLessExpensesAmt066255
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0280967
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0347222
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt071724
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION OBTAINS A COPY OF THE SUPPORTED 501(C)(6) ORGANIZATION'S IRS DETERMINATION LETTER AND ANNUALLY COMPLETES A PRO FORMA SCHEDULE A, PART III.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE PTDA FOUNDATION'S MISSION IS TO DEVELOP EDUCATION AND RESEARCH RELEVANT TO THE POWER TRANSMISSION/MOTION CONTROL INDUSTRY THROUGH THE PT WORK FORCE PROGRAM. THEREFORE, FOUNDATION ACTIVITIES ARE ALL ALLOWABLE ACTIVITIES. THE PT WORK FORCE PROGRAM OFFERS AN ELEMENTS OF INDUSTRIAL DISTRIBUTION COURSE (TO EDUCATE NEW HIRES ON THE WORK DONE BY PTDA MEMBERS) AND SPEARHEADS AN ALLIANCE TO DRIVE POTENTIAL EMPLOYEES TO PTDA MEMBER COMPANIES AS THEIR FUTURE WORKFORCE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 3B:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 3C:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0366094108
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0128350
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0POWER TRANSMISSION DISTRIBUTORS ASSOCIATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0128350
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0214460
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt091121
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTERORGANIZATIONAL BALANCES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt055350
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055350
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0286184
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. AS OF DECEMBER 31, 2018, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt091121
IRS990ScheduleD/TotalExpensesPerForm990Amt0214460
IRS990ScheduleD/TotalRevenuePerForm990Amt0286184
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0286184
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0214460
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt026103
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt026103
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt039819
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt05132
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt05132
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt067023
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt067023
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt040920
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt040920
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt01101
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0480
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0480
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt034207
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt034207
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0204209
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt010650
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018234
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00

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