Civic Intelligence

Trinity Foundation Inc

990 • Fiscal year 2016 • EIN 36-3728745

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 15, 2017

301 Veterans ParkwayNew Lenox, IL 60451

(815) 320-7202

Siviq Scores

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

Liabilities / Assets

60th percentile

0.38x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

3.65x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

98th percentile

84%

Higher net margin than 98% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

73rd percentile

9.4%

Faster asset growth than 73% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

95th percentile

96%

Faster revenue growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$28,512,766

Up $2,447,114 (+9.4%) from 2015

Net Assets

Up

$17,780,392

Up $2,386,998 (+16%) from 2015

Liabilities

Up

$10,732,374

Up $60,116 (+0.6%) from 2015

Revenue

Up

$2,937,715

Up $1,436,442 (+96%) from 2015

Expenses

Down

$484,318

Down $103,473 (-18%) from 2015

Net Income

Up

$2,453,397

Up $1,539,915 (+169%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2012: $18,701,946Liabilities 2012: $5,407,336Net Assets 2012: $13,294,6102012Assets 2013: $23,394,697Liabilities 2013: $9,614,484Net Assets 2013: $13,780,2132013Assets 2014: $25,609,068Liabilities 2014: $11,145,724Net Assets 2014: $14,463,3442014Assets 2015: $26,065,652Liabilities 2015: $10,672,258Net Assets 2015: $15,393,3942015Assets 2016: $28,512,766Liabilities 2016: $10,732,374Net Assets 2016: $17,780,3922016Assets 2017: $28,667,492Liabilities 2017: $10,278,580Net Assets 2017: $18,388,9122017Assets 2018: $28,682,802Liabilities 2018: $9,653,245Net Assets 2018: $19,029,5572018Assets 2020: $27,999,977Liabilities 2020: $8,356,360Net Assets 2020: $19,643,6172020Assets 2021: $29,058,455Liabilities 2021: $7,884,884Net Assets 2021: $21,173,5712021Assets 2022: $28,070,106Liabilities 2022: $7,246,381Net Assets 2022: $20,823,7252022Assets 2023: $27,365,233Liabilities 2023: $6,124,910Net Assets 2023: $21,240,3232023Assets 2024: $27,186,815Liabilities 2024: $5,189,220Net Assets 2024: $21,997,5952024

Highlighted filing

2016

Assets$28,512,766
Liabilities$10,732,374
Net Assets$17,780,392

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $781,5332012Expenses 2013: $778,8602013Revenue 2014: $1,423,081Expenses 2014: $810,010Net Income 2014: $613,0712014Revenue 2015: $1,501,273Expenses 2015: $587,791Net Income 2015: $913,4822015Revenue 2016: $2,937,715Expenses 2016: $484,318Net Income 2016: $2,453,3972016Revenue 2017: $1,075,062Expenses 2017: $583,855Net Income 2017: $491,2072017Revenue 2018: $1,304,617Expenses 2018: $674,336Net Income 2018: $630,2812018Revenue 2020: $1,244,866Expenses 2020: $1,050,779Net Income 2020: $194,0872020Revenue 2021: $2,110,679Expenses 2021: $580,725Net Income 2021: $1,529,9542021Revenue 2022: $387,715Expenses 2022: $737,561Net Income 2022: -$349,8462022Revenue 2023: $1,225,743Expenses 2023: $809,145Net Income 2023: $416,5982023Revenue 2024: $1,951,898Expenses 2024: $1,194,626Net Income 2024: $757,2722024

Highlighted filing

2016

Revenue$2,937,715
Expenses$484,318
Net Income$2,453,397
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$4,932,063
Mission and Program Overview

Mission

To promote, encourage, and foster charitable and educational purposes or activities within the meaning of section 501(c)(3) of the internal revenue code

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,839,318$21,024,663▲ $1,185,345
Savings and Temporary Cash Investments$4,392,596$5,810,602▲ $1,418,006
Investments in Publicly Traded Securities$1,406,760$1,386,733▼ $20,027
Cash and Non-Interest-Bearing Accounts$156,286$73,662▼ $82,624
Prepaid Expenses and Deferred Charges$105,230$66,117▼ $39,113
Inventories for Sale or Use$68,140$57,965▼ $10,175
Other Notes and Loans Receivable, Net$59,000$53,800▼ $5,200
Accounts Receivable$36,322$37,224▲ $902
Investments Other Securities$2,000$2,000→ $0
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$26,065,652$28,512,766▲ $2,447,114
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,538,679$10,621,914▲ $83,235
Accounts Payable and Accrued Expenses$94,223$85,287▼ $8,936
Deferred Revenue$39,356$25,173▼ $14,183
Total Liabilities$10,672,258$10,732,374▲ $60,116
Net Assets / Fund Balance
Unrestricted Net Assets$14,623,794$17,018,819▲ $2,395,025
Temporarily Rstr Net Assets$769,600$761,573▼ $8,027
Total Net Assets Fund Balance$15,393,394$17,780,392▲ $2,386,998
Total Liabilities and Net Assets / Fund Balance$26,065,652$28,512,766▲ $2,447,114

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,715,648$2,534,490$17,250,138
Land$5,100,167-$5,100,167
Leasehold Improvements$1,195,218$296,919$1,492,137
Equipment$13,630$157,740$171,370
Other Land Buildings-$84,450$84,450
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Art DykstraCEOPT$76,300$76,300

Board Members and Trustees

NameTitle
George TrohaChairman
Charles SmithDirector
Klint DegeusDirector
Robert BorgstromDirector
John SlackSecretary
Mike SielingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$348,731
Program Service Revenue
$195,322
Investment Income
$1,921,947
Other Revenue
$471,715
All Other Contributions
$348,731
Change in Net Assets
$2,453,397

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,937,715
Revenue Not Reported on Form 990
$1,283,813
Total Revenue per Audited Statements
$4,221,528
Total Revenue per Form 990
$2,937,715
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$319,344
Salaries, Compensation, and Employee Benefits$156,604
Total Fundraising Expense$63,487
Grants and Similar Amounts Paid$8,370
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$145,039$67-$145,106
Other Salaries and Wages-$13,704$58,005$71,709
Current Officers, Directors, Trustees, and Key Employees-$69,916-$69,916
Depreciation Depletion$31,312--$31,312
Fees for Services Other$30,025$308-$30,333
Fees for Services Legal-$18,600-$18,600
Fees for Services Lobbying-$16,800-$16,800
All Other Expenses$6,908$7,917-$14,825
Payroll Taxes-$6,269$5,482$11,751
Fees for Services Accounting-$11,500-$11,500
Grants to Domestic Orgs$8,370--$8,370
Other Expenses$7,680$8,424-$7,680
Office Expenses$3,778$852-$4,630
Advertising$3,564--$3,564
Other Employee Benefits$3,228--$3,228
Insurance-$1,912-$1,912
Occupancy$1,513--$1,513
Interest$42--$42
Total Functional Expenses$252,820$168,011$63,487$484,318

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,834,530
Expenses Not Reported on Form 990$1,350,212
Expenses per Audited Statements$484,318
Total Expenses per Form 990$484,318
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$264,241
Fundraising Direct Expenses$111,512
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner Dance$88,096$88,096$43,826$44,270
Dupage Holiday Fundraiser$79,966$79,966$34,703$45,263
Total Events$264,241$264,241$111,512$152,729
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
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, Line 11B: Form 990 Review Process

Cfo reviews the draft 990 and presents to the board for final authorization to file the returns and make available to the public.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Board reviews annual performance and compares with similar organizations.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Board reviews annual performance and compares with similar organizations.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are provided upon request.

Filing and Contact Details

Filer

Filer Name
Trinity Foundation Inc
EIN
36-3728745
Phone
8153207202
Address
301 VETERANS PARKWAY, NEW LENOX, IL 60451

Signing Officer

Name
Mike Sieling
Title
Treasurer
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Sieling
Formed
1982
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
2

Preparer

Firm
Cukierski & Cochrane LLC
Address
1990 E Algonquin Road Ste 100, Schaumburg, IL 60173
Preparer
Gerald P Cukierski
Phone
8474967180
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The organization is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code and therefore has made no provision for federal income taxes in the accompanying financial statements. Generally accepted accounting principles require entities to determine whether it is more likely than not a tax position will be sustained upon examination, including resolution of any appeals or litigation process, based on the technical merits of the position. In accordance with this accounting guidance, the organization deems it unnecessary to record any adjustments relative to this position.The organization's tax filings are subject to audit by various taxing authorities. As of June 30, 2015, the organization's federal and state income tax returns for fiscal years ended June 30, 2013, 2014, 2015 and 2016 remained open to examination by the taxing authorities.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Rental expenses $1202228 fundraising direct expenses $111512 bookstore expenses $36472

Part XII, Line 2D: Other expenses and losses per audited F/S

Rental expenses $1202228 fundraising direct expenses $111512 bookstore expenses $36472

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