Civic Intelligence

Chicago Painters and Tapers Cooperation and Education Trust Fund

990 • Fiscal year 2014 • EIN 36-3778556

May 01, 2013 to Apr 30, 2014 • Filed on Mar 03, 2015

18861 90th Avenue - Suite A60448

(630) 960-3322

Siviq Scores

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

Liabilities / Assets

9th percentile

0.01x

Higher debt load relative to assets than 9% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

9th percentile

0.03x

Higher debt load relative to revenue than 9% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Net Margin

99th percentile

63%

Higher net margin than 99% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

33rd percentile

$198,655

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Asset Growth

95th percentile

40%

Faster asset growth than 95% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$5,119,313

Up $1,463,772 (+40%) from 2013

Net Assets

Up

$5,060,093

Up $1,430,336 (+39%) from 2013

Liabilities

Up

$59,220

Up $33,436 (+130%) from 2013

Revenue

$2,267,365

No earlier filing loaded for comparison.

Expenses

Up

$837,029

Up $13,699 (+1.7%) from 2013

Net Income

$1,430,336

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.

$30M$20M$10M$0Assets 2010: $1,970,867Liabilities 2010: $49,680Net Assets 2010: $1,921,1872010Assets 2011: $2,448,619Liabilities 2011: $48,636Net Assets 2011: $2,399,9832011Assets 2012: $2,968,217Liabilities 2012: $29,322Net Assets 2012: $2,938,8952012Assets 2013: $3,655,541Liabilities 2013: $25,784Net Assets 2013: $3,629,7572013Assets 2014: $5,119,313Liabilities 2014: $59,220Net Assets 2014: $5,060,0932014Assets 2015: $6,792,785Liabilities 2015: $73,438Net Assets 2015: $6,719,3472015Assets 2016: $8,625,434Liabilities 2016: $161,075Net Assets 2016: $8,464,3592016Assets 2017: $14,656,424Liabilities 2017: $140,562Net Assets 2017: $14,515,8622017Assets 2018: $18,967,907Liabilities 2018: $277,570Net Assets 2018: $18,690,3372018Assets 2019: $23,859,691Liabilities 2019: $515,811Net Assets 2019: $23,343,8802019Assets 2020: $28,203,241Liabilities 2020: $936,502Net Assets 2020: $27,266,7392020Assets 2021: $29,205,851Liabilities 2021: $1,101,964Net Assets 2021: $28,103,8872021Assets 2022: $27,116,859Liabilities 2022: $1,181,591Net Assets 2022: $25,935,2682022Assets 2023: $25,064,038Liabilities 2023: $377,765Net Assets 2023: $24,686,2732023Assets 2024: $24,796,600Liabilities 2024: $492,774Net Assets 2024: $24,303,8262024Assets 2025: $23,609,130Liabilities 2025: $611,631Net Assets 2025: $22,997,4992025

Highlighted filing

2014

Assets$5,119,313
Liabilities$59,220
Net Assets$5,060,093

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,108,4742010Expenses 2011: $863,1562011Expenses 2012: $902,3572012Expenses 2013: $823,3302013Revenue 2014: $2,267,365Expenses 2014: $837,029Net Income 2014: $1,430,3362014Revenue 2015: $2,649,737Expenses 2015: $1,037,310Net Income 2015: $1,612,4272015Revenue 2016: $2,814,964Expenses 2016: $1,054,658Net Income 2016: $1,760,3062016Revenue 2017: $7,060,691Expenses 2017: $1,108,549Net Income 2017: $5,952,1422017Revenue 2018: $5,675,409Expenses 2018: $1,546,627Net Income 2018: $4,128,7822018Revenue 2019: $5,938,635Expenses 2019: $1,733,474Net Income 2019: $4,205,1612019Revenue 2020: $5,704,382Expenses 2020: $2,205,487Net Income 2020: $3,498,8952020Revenue 2021: $1,771,551Expenses 2021: $2,975,058Net Income 2021: -$1,203,5072021Revenue 2022: $1,540,342Expenses 2022: $2,437,890Net Income 2022: -$897,5482022Revenue 2023: $1,993,661Expenses 2023: $2,987,433Net Income 2023: -$993,7722023Revenue 2024: $2,180,788Expenses 2024: $3,595,864Net Income 2024: -$1,415,0762024Revenue 2025: $4,572,654Expenses 2025: $4,893,686Net Income 2025: -$321,0322025

Highlighted filing

2014

Revenue$2,267,365
Expenses$837,029
Net Income$1,430,336
Jump To
Filing Snapshot
Filing Period
May 1, 2013 to Apr 30, 2014
Signed
Mar 3, 2015
Return Version
2013v4.0
Gross Receipts
$2,267,365
Mission and Program Overview

Mission

To promote organizational effectiveness and foster cooperation between labor and management by supporting and financing the activities of the joint trade board and to help promote the painting and drywall industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,629,757$5,060,093▲ $1,430,336
Savings and Temporary Cash Investments$1,924,821$3,339,102▲ $1,414,281
Cash and Non-Interest-Bearing Accounts$1,525,218$1,518,772▼ $6,446
Accounts Receivable$110,621$130,179▲ $19,558
Land, Buildings, and Equipment, Net$60,615$102,325▲ $41,710
Prepaid Expenses and Deferred Charges$26,923$7,956▼ $18,967
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,655,541$5,119,313▲ $1,463,772
Other Assets Total$7,343$20,979▲ $13,636
Liabilities
Accounts Payable and Accrued Expenses$24,453$58,707▲ $34,254
Other Liabilities$1,331$513▼ $818
Total Liabilities$25,784$59,220▲ $33,436
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,629,757$5,060,093▲ $1,430,336
Total Liabilities and Net Assets / Fund Balance$3,655,541$5,119,313▲ $1,463,772

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$81,889$22,643$104,532
Equipment$20,436$18,057$38,493
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Clark JohnsonDirector of MarketingFT$133,123$65,532$198,655

Board Members and Trustees

NameTitle
Miles BeattyEmployer Trustee
Terrence FitzmauriceUnion Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,255,908
Investment Income
$330
Other Revenue
$11,127
Change in Net Assets
$1,430,336

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,267,365
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,267,365
Total Revenue per Form 990
$2,267,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$450,630
Salaries, Compensation, and Employee Benefits$386,399
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$238,920
Advertising---$195,289
Pension Plan Contributions---$76,250
Other Employee Benefits---$53,873
Fees for Services Legal---$38,636
Occupancy---$28,850
Office Expenses---$21,337
Depreciation Depletion---$19,570
Payroll Taxes---$17,356
Fees for Services Management---$14,493
Fees for Services Accounting---$11,300
Insurance---$10,451
Fees for Service Investment Mgmnt Fees---$6,907
Information Technology---$5,557
All Other Expenses---$4,905
Other Expenses---$3,670
Total Functional Expenses$0$0$0$837,029

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$837,029
Total Expenses per Audited Statements$837,029
Total Expenses per Form 990$837,029
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
Accrued Payroll and Payroll Taxes$513
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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 other committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

Form 990 is prepared by an independent cpa and is reviewed and approved by the fund representative prior to filing with the irs.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 available for inspection upon request.

Filing and Contact Details

Filer

EIN
36-3778556
Phone
6309603322

Signing Officer

Name
Terrence Fitzmaurice
Title
Trustee
Phone
6309603322
Signed
2015-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terrence Fitzmaurice
Formed
1991
Legal Domicile
Il
Voting Board Members
2
Independent Board Members
2
Employees
2
Volunteers
0

Preparer

Preparer
Paul a Merkel
Phone
3122632700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

The organization's board of trustees assumes the responsibility for the oversight of the audit of the financial statements. There has been no change in the process from the prior year.

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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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO OTHER COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN INDEPENDENT CPA AND IS REVIEWED AND APPROVED BY THE FUND REPRESENTATIVE PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S BOARD OF TRUSTEES ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. THERE HAS BEEN NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03655541
IRS990/TotalAssetsEOYAmt05119313
IRS990/TotalAssetsGrp/BOYAmt03655541
IRS990/TotalAssetsGrp/EOYAmt05119313
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt0837029
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025784
IRS990/TotalLiabilitiesEOYAmt059220
IRS990/TotalLiabilitiesGrp/BOYAmt025784
IRS990/TotalLiabilitiesGrp/EOYAmt059220
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03629757
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05060093
IRS990/TotalOtherCompensationAmt064807
IRS990/TotalProgramServiceRevenueAmt02255908
IRS990/TotalReportableCompFromOrgAmt0133848
IRS990/TotalRevenueGrp/ExclusionAmt0330
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02267035
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02267365
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03655541
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05119313
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1018861 90TH AVENUE - SUITE A
IRS990/USAddress/City0MOKENA
IRS990/USAddress/State0IL
IRS990/USAddress/ZIPCode060448
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRENCE FITZMAURICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum06309603322
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-03-03
ReturnHeader/Filer/BusinessName/BusinessNameLine10CHICAGO PAINTERS AND TAPERS
ReturnHeader/Filer/BusinessName/BusinessNameLine20COOPERATION AND EDUCATION TRUST FUND
ReturnHeader/Filer/BusinessNameControlTxt0CHIC
ReturnHeader/Filer/EIN0363778556
ReturnHeader/Filer/PhoneNum06309603322
ReturnHeader/Filer/USAddress/AddressLine1018861 90TH AVENUE - SUITE A
ReturnHeader/Filer/USAddress/City0MOKENA
ReturnHeader/Filer/USAddress/State0IL
ReturnHeader/Filer/USAddress/ZIPCode060448
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362152389
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10BANSLEY AND KIENER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine108745 W HIGGINS RD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0606312704
ReturnHeader/PreparerPersonGrp/PhoneNum03122632700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL A MERKEL
ReturnHeader/ReturnTs02015-03-11T13:52:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-05-01
ReturnHeader/TaxPeriodEndDt02014-04-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$23.6$0.61$23.0$4.57$4.89$0.32
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.8$0.49$24.3$2.18$3.60$1.42
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.1$0.38$24.7$1.99$2.99$0.99
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.1$1.18$25.9$1.54$2.44$0.90
2021Detailed filing. Detailed filing data is available for this year.$29.2$1.10$28.1$1.77$2.98$1.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.2$0.94$27.3$5.70$2.21$3.50
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.9$0.52$23.3$5.94$1.73$4.21
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.0$0.28$18.7$5.68$1.55$4.13
2017Detailed filing. Detailed filing data is available for this year.$14.7$0.14$14.5$7.06$1.11$5.95
2016Detailed filing. Detailed filing data is available for this year.$8.63$0.16$8.46$2.81$1.05$1.76
2015Detailed filing. Detailed filing data is available for this year.$6.79$0.07$6.72$2.65$1.04$1.61
2014Detailed filing. Detailed filing data is available for this year.$5.12$0.06$5.06$2.27$0.84$1.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$0.03$3.63$0.82
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.97$0.03$2.94$0.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.05$2.40$0.86
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.05$1.92$1.11