Civic Intelligence

Neca-Ibew 701 Labor Management Cooperation Committee

990 • Fiscal year 2021 • EIN 36-4017836

Jun 01, 2020 to May 31, 2021 • Filed on Jan 10, 2022

Organization ProfileN/A
28600 BELLA VISTA PARKWAY No 1010Warrenville, IL 60555

(630) 393-1701

Siviq Scores

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

Liabilities / Assets

65th percentile

0.04x

Higher debt load relative to assets than 65% of similar nonprofits.

2021 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

77th percentile

0.12x

Higher debt load relative to revenue than 77% of similar nonprofits.

2021 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2021

Net Margin

26th percentile

1.4%

Higher net margin than 26% of similar nonprofits.

2021 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

64th percentile

$133,526

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 25.9% of source-year revenue.

2021 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Balance Sheet
Liabilities / Assets65th percentile

Assets

$1,495,424

No earlier filing loaded for comparison.

Net Assets

$1,435,128

No earlier filing loaded for comparison.

Liabilities

$60,296

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin26th percentile

Revenue

$515,159

No earlier filing loaded for comparison.

Expenses

$508,031

No earlier filing loaded for comparison.

Net Income

$7,128

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0Assets 2021: $1,495,424Liabilities 2021: $60,296Net Assets 2021: $1,435,1282021Assets 2022: $1,504,083Liabilities 2022: $9,795Net Assets 2022: $1,494,2882022Assets 2023: $1,565,414Liabilities 2023: $12,616Net Assets 2023: $1,552,7982023Assets 2024: $1,590,549Liabilities 2024: $35,940Net Assets 2024: $1,554,6092024Assets 2025: $1,645,000Liabilities 2025: $16,752Net Assets 2025: $1,628,2482025

Highlighted filing

2021

Assets$1,495,424
Liabilities$60,296
Net Assets$1,435,128
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2021: $515,159Expenses 2021: $508,031Net Income 2021: $7,1282021Revenue 2022: $662,856Expenses 2022: $525,690Net Income 2022: $137,1662022Revenue 2023: $659,246Expenses 2023: $531,732Net Income 2023: $127,5142023Revenue 2024: $646,582Expenses 2024: $751,614Net Income 2024: -$105,0322024Revenue 2025: $634,738Expenses 2025: $625,914Net Income 2025: $8,8242025

Highlighted filing

2021

Revenue$515,159
Expenses$508,031
Net Income$7,128
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Jan 10, 2022
Return Version
2020v4.1
Gross Receipts
$515,159
Mission and Program Overview

Mission

Further labor-mgmt cooperation

Further labor-management cooperation

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$909,957$1,057,265▲ $147,308
Cash and Non-Interest-Bearing Accounts$87,912$261,561▲ $173,649
Savings and Temporary Cash Investments$235,548$112,815▼ $122,733
Accounts Receivable$32,339$32,769▲ $430
Land, Buildings, and Equipment, Net$30,666$23,799▼ $6,867
Prepaid Expenses and Deferred Charges$6,734$7,215▲ $481
Total Assets$1,303,156$1,495,424▲ $192,268
Liabilities
Other Liabilities$0$50,700▲ $50,700
Accounts Payable and Accrued Expenses$12,885$9,596▼ $3,289
Total Liabilities$12,885$60,296▲ $47,411
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,290,271$1,435,128▲ $144,857
Total Net Assets Fund Balance$1,290,271$1,435,128▲ $144,857
Total Liabilities and Net Assets / Fund Balance$1,303,156$1,495,424▲ $192,268

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,799$52,285$76,084
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karyn CharvatExecutive DirectorFT$108,453$25,073$133,526
Brian SchulzDirector-$662$654$1,316
Adam SimoncelliDirector-$543$578$1,121

Board Members and Trustees

NameTitle
Frank FurcoDirector
Giuseppe MuzzupappaDirector
Peter Cattaneo JrDirector
Robert KlcoDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$494,978
Investment Income
$20,181
Other Revenue
$0
Change in Net Assets
$7,128

Audited Revenue Reconciliation

Revenue per Audited Statements
$515,159
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$137,729
Total Revenue per Audited Statements
$652,888
Total Revenue per Form 990
$515,159
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$268,490
Other Expenses$194,517
Grants and Similar Amounts Paid$17,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$190,061
Occupancy---$40,741
Payments to Affiliates---$39,860
Other Employee Benefits---$39,517
Office Expenses---$37,665
Benefits to Members---$28,024
Pension Plan Contributions---$21,221
Payroll Taxes---$14,939
Advertising---$10,982
Fees for Services Accounting---$10,000
Grants to Domestic Orgs---$9,500
Fees for Service Investment Mgmnt Fees---$9,330
Insurance---$9,320
Grants to Domestic Individuals---$7,500
Depreciation Depletion---$6,867
Conferences and Meetings---$4,288
Current Officers, Directors, Trustees, and Key Employees---$2,752
Other Expenses---$2,375
All Other Expenses---$1,176
Travel---$178
Fees for Services Legal---$-7,175
Total Functional Expenses$0$0$0$508,031

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$508,031
Total Expenses per Audited Statements$508,031
Total Expenses per Form 990$508,031
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
no one receipiant received over 5000 in grants or other assistance--n/a-
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
Payroll Protection Program Loan$50,700
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 35% controlled entity
No
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
Yes
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 6

“Line 6 explanation - THE FUND'S MEMBERS CONSIST OF PARTICIPANTS WHO BENEFIT FROM THE IMPROVED COMMUNICATION BETWEEN LABOR & MANAGEMENT, WHO MAKE DECISIONS THAT AFFECT THEIR WORKING LIVES.”

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

“The trustees authorize the fund's director and designated trustee to review the form 990 before it is filed.”

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

“In no event may the trustees or any fiduciary of the plan engage in "prohibited" transactions." any transactions that may be potential conflicts of interest or potential prohibited transactions are required to be brought to the attention of the entire board for review and discussion with the organization's legal counsel. In addition, periodic statements disclosing potential conflicts of interest are submitted by the director and union trustees.”

Form 990, Part VI, Section B, line 15

“The executive director is paid in accordance with the agreement established by the board of directors. The other full time employee of the fund compensation is determined annually by the board of directors.”

Form 990, Part VI, Section C, line 19

“Participants are able to request the auditor's report and other financial information from the fund office.”

Filing and Contact Details

Filer

Filer Name
Neca-ibew 701 Labor Management
EIN
36-4017836
Phone
6303931701
Address
28600 BELLA VISTA PARKWAY No 1010, WARRENVILLE, IL 60555

Signing Officer

Name
frank furco
Title
director
Phone
6303931701
Signed
2022-01-10
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
4
Employees
7
Volunteers
0

Preparer

Firm
Calibre CPA Group Pllc
Address
230 W Monroe Street, CHICAGO, IL 60606
Preparer
Corey Bilkey
Phone
3126550037
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“As of may 31, 2021, there were no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The plan is subject to routine audits by the taxing jurisdictions; however there are currently no audits for any tax period in progress. At may 31, 2021 the plan is no longer subject to income tax examinations for years prior to the fiscal year ended may 31, 2017.”

Raw XML Appendix348 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF MAY 31, 2021, THERE WERE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY THE TAXING JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. AT MAY 31, 2021 THE PLAN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO THE FISCAL YEAR ENDED MAY 31, 2017.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0no one receipiant received over $5,000 in grants or other assistance
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0n/a
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0no one receipiant received over 5000 in grants or other assistance
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES ASSISTANCE TO VARIOUS ORGANIZATIONS THROUGH DONATIONS DURING THE YEAR. DONATIONS ARE APPROVED BY THE GOVERNING BODY UPON REVIEW OF SUBMITTED DONATION REQUESTS FROM VARIOUS ORGANIZATIONS
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Line 6 explanation - THE FUND'S MEMBERS CONSIST OF PARTICIPANTS WHO BENEFIT FROM THE IMPROVED COMMUNICATION BETWEEN LABOR & MANAGEMENT, WHO MAKE DECISIONS THAT AFFECT THEIR WORKING LIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUSTEES AUTHORIZE THE FUND'S DIRECTOR AND DESIGNATED TRUSTEE TO REVIEW THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN NO EVENT MAY THE TRUSTEES OR ANY FIDUCIARY OF THE PLAN ENGAGE IN "PROHIBITED" TRANSACTIONS." ANY TRANSACTIONS THAT MAY BE POTENTIAL CONFLICTS OF INTEREST OR POTENTIAL PROHIBITED TRANSACTIONS ARE REQUIRED TO BE BROUGHT TO THE ATTENTION OF THE ENTIRE BOARD FOR REVIEW AND DISCUSSION WITH THE ORGANIZATION'S LEGAL COUNSEL. IN ADDITION, PERIODIC STATEMENTS DISCLOSING POTENTIAL CONFLICTS OF INTEREST ARE SUBMITTED BY THE DIRECTOR AND UNION TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR IS PAID IN ACCORDANCE WITH THE AGREEMENT ESTABLISHED BY THE BOARD OF DIRECTORS. THE OTHER FULL TIME EMPLOYEE OF THE FUND COMPENSATION IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PARTICIPANTS ARE ABLE TO REQUEST THE AUDITOR'S REPORT AND OTHER FINANCIAL INFORMATION FROM THE FUND OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01303156
IRS990/TotalAssetsEOYAmt01495424
IRS990/TotalAssetsGrp/BOYAmt01303156
IRS990/TotalAssetsGrp/EOYAmt01495424
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/TotalAmt0508031
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012885
IRS990/TotalLiabilitiesEOYAmt060296
IRS990/TotalLiabilitiesGrp/BOYAmt012885
IRS990/TotalLiabilitiesGrp/EOYAmt060296
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01290271
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01435128
IRS990/TotalOtherCompensationAmt026305
IRS990/TotalProgramServiceRevenueAmt0494978
IRS990/TotalReportableCompFromOrgAmt0109658
IRS990/TotalRevenueGrp/ExclusionAmt020181
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0494978
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0515159
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01303156
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01495424
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0178
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt028600 BELLA VISTA PARKWAY No 1010
IRS990/USAddress/CityNm0WARRENVILLE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060555
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0frank furco
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0director
ReturnHeader/BusinessOfficerGrp/PhoneNum06303931701
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NECA-IBEW 701 LABOR MANAGEMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COOPERATION COMMITTEE
ReturnHeader/Filer/BusinessNameControlTxt0NECA
ReturnHeader/Filer/EIN0364017836
ReturnHeader/Filer/PhoneNum06303931701
ReturnHeader/Filer/USAddress/AddressLine1Txt028600 BELLA VISTA PARKWAY No 1010
ReturnHeader/Filer/USAddress/CityNm0WARRENVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060555
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470900880
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CALIBRE CPA GROUP PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0230 W Monroe Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03126550037
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0COREY BILKEY
ReturnHeader/ReturnTs02022-01-10T08:53:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0frank
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0furco
ReturnHeader/TaxPeriodBeginDt02020-06-01
ReturnHeader/TaxPeriodEndDt02021-05-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,495,424
Liabilities
$60,296
Net assets
$1,435,128
Revenue
$515,159
Expenses
$508,031
Net income
$7,128
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.65$0.02$1.63$0.63$0.63$0.01
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.04$1.55$0.65$0.75$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.01$1.55$0.66$0.53$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.01$1.49$0.66$0.53$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.50$0.06$1.44$0.52$0.51$0.01