Civic Intelligence

Illinois Tax Increment Association

990 • Fiscal year 2012 • EIN 36-3543897

Jul 01, 2011 to Jun 30, 2012 • Filed on Oct 01, 2012

133 S 4th Street No 20462701
Siviq Scores

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

Liabilities / Assets

72nd percentile

0.10x

Higher debt load relative to assets than 72% of similar nonprofits.

2012 filings • 501(c)6 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

6th percentile

-44%

Faster asset growth than 6% of similar nonprofits.

2012 filings • 501(c)6 • <$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$72,439

Down $57,566 (-44%) from 2011

Net Assets

Down

$65,419

Down $54,487 (-45%) from 2011

Liabilities

Down

$7,020

Down $3,079 (-30%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$286,939

Down $1,785 (-0.6%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2011: $130,005Liabilities 2011: $10,099Net Assets 2011: $119,9062011Assets 2012: $72,439Liabilities 2012: $7,020Net Assets 2012: $65,4192012Assets 2013: $131,626Liabilities 2013: $134,087Net Assets 2013: -$2,4612013Assets 2014: $24,385Liabilities 2014: $6,687Net Assets 2014: $17,6982014Assets 2015: $42,826Liabilities 2015: $8,600Net Assets 2015: $34,2262015Assets 2016: $50,489Liabilities 2016: $16,545Net Assets 2016: $33,9442016Assets 2017: $18,653Liabilities 2017: $19,236Net Assets 2017: -$5832017Assets 2018: $16,285Liabilities 2018: $16,790Net Assets 2018: -$5052018Assets 2019: $16,082Liabilities 2019: $9,320Net Assets 2019: $6,7622019Assets 2020: $29,498Liabilities 2020: $47,550Net Assets 2020: -$18,0522020Assets 2021: $31,457Liabilities 2021: $8,497Net Assets 2021: $22,9602021Assets 2022: $23,706Liabilities 2022: $7,090Net Assets 2022: $16,6162022Assets 2023: $15,598Liabilities 2023: $10,582Net Assets 2023: $5,0162023

Highlighted filing

2012

Assets$72,439
Liabilities$7,020
Net Assets$65,419

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2011: $288,7242011Expenses 2012: $286,9392012Expenses 2013: $301,6882013Revenue 2014: $303,819Expenses 2014: $283,660Net Income 2014: $20,1592014Revenue 2015: $304,274Expenses 2015: $287,746Net Income 2015: $16,5282015Revenue 2016: $284,718Expenses 2016: $285,000Net Income 2016: -$2822016Revenue 2017: $275,890Expenses 2017: $308,016Net Income 2017: -$32,1262017Revenue 2018: $261,897Expenses 2018: $261,819Net Income 2018: $782018Revenue 2019: $268,463Expenses 2019: $261,196Net Income 2019: $7,2672019Revenue 2020: $218,278Expenses 2020: $245,603Net Income 2020: -$27,3252020Revenue 2021: $247,355Expenses 2021: $206,342Net Income 2021: $41,0132021Revenue 2022: $244,799Expenses 2022: $251,143Net Income 2022: -$6,3442022Revenue 2023: $243,670Expenses 2023: $255,270Net Income 2023: -$11,6002023

Highlighted filing

2012

Revenue-
Expenses$286,939
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Oct 1, 2012
Return Version
2011v1.2
Gross Receipts
$232,452
Mission and Program Overview

Mission

Improving and expanding the use of tax increment financing and the use of other state and federal tax incentives. With the intent of fostering sound economic growth in the state of illinois, itia provides its members with numerous opportunities for professional dialogue, education and exchange of information. It does this through its conferences, its quarterly newsletter and legislative alerts, and an informative website, as well as other publications, workshops, seminars, and events of interest to the membership.

Major Activities

Activity 2
Quarterly newsletter, Legislative Alerts, website, other publications, workshops, and events of interest provided to the membership.
Filing and Contact Details

Filer

EIN
36-3543897
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The Association follows accounting principles generally accepted in the United States of America which sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Tax positions for the open tax years as of June 30, 2012 were reviewed, and it was determined that no provision for uncertain tax positions is required. The Associations information and income tax returns for year subsequent to fiscal year 2008 are open, by statute, for review by authorities.
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IRS990ScheduleD/TotalOfBookValueLandBuildings01404
IRS990ScheduleD/TotalRevenue0232452
IRS990ScheduleD/TotalRevenuePerForm9900232452
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt0286939
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0232452
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0The organization is a trade/professional association which has members.
IRS990ScheduleO/GeneralExplanation/Explanation1Members elect the governing body.
IRS990ScheduleO/GeneralExplanation/Explanation2Form 990 is prepared by our independent accountants and provided to the governing body prior to filing. Form 990 is reviewed in detail by the Executive Director.
IRS990ScheduleO/GeneralExplanation/Explanation3Each board member signs new copies of the conflict of interest policy on an annual basis, informing the Association of any conflicts.
IRS990ScheduleO/GeneralExplanation/Explanation4The Executive Director's compensation is approved by the Board of Directors. There are no other officers or key employees who are compensated.
IRS990ScheduleO/GeneralExplanation/Explanation5Governing documents and financial statements are available to the public upon request.
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section B, line 12c

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.16$0.11$0.05$2.44$2.55$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.24$0.07$0.17$2.45$2.51$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.31$0.08$0.23$2.47$2.06$0.41
2020Detailed filing. Detailed filing data is available for this year.$0.29$0.48$0.18$2.18$2.46$0.27
2019Detailed filing. Detailed filing data is available for this year.$0.16$0.09$0.07$2.68$2.61$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.16$0.17$0.01$2.62$2.62$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.19$0.19$0.01$2.76$3.08$0.32
2016Detailed filing. Detailed filing data is available for this year.$0.50$0.17$0.34$2.85$2.85$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.09$0.34$3.04$2.88$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.24$0.07$0.18$3.04$2.84$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$1.34$0.02$3.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.07$0.65$2.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.10$1.20$2.89