Civic Intelligence

Neca-Ibew 701 Labor Management Cooperation Committee

990 • Fiscal year 2024 • EIN 36-4017836

Jun 01, 2023 to May 31, 2024 • Filed on Feb 24, 2025

Organization ProfileN/A
28600 Bella Vista Parkway 1010Warrenville, IL 60555

(630) 393-1701

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.02x

Higher debt load relative to assets than 62% of similar nonprofits.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.06x

Higher debt load relative to revenue than 68% of similar nonprofits.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2024

Net Margin

6th percentile

-16%

Higher net margin than 6% of similar nonprofits.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$134,542

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 20.8% of source-year revenue.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2024

Asset Growth

33rd percentile

1.6%

Faster asset growth than 33% of similar nonprofits.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-1.9%

Faster revenue growth than 21% of similar nonprofits.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$1,590,549

Up $25,135 (+1.6%) from 2023

Net Assets

Up

$1,554,609

Up $1,811 (+0.1%) from 2023

Liabilities

Up

$35,940

Up $23,324 (+185%) from 2023

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin6th percentile

Revenue

Down

$646,582

Down $12,664 (-1.9%) from 2023

Expenses

Up

$751,614

Up $219,882 (+41%) from 2023

Net Income

Down

-$105,032

Down $232,546 (-182%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

2024

Assets$1,590,549
Liabilities$35,940
Net Assets$1,554,609
Open 2024 Filing

Operations Trend

Revenue Growth21st percentile

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

2024

Revenue$646,582
Expenses$751,614
Net Income-$105,032
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Feb 24, 2025
Return Version
2023v6.0
Gross Receipts
$885,683
Mission and Program Overview

Mission

Further labor-mgmt cooperation

Further labor-management cooperation

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$893,722$1,201,199▲ $307,477
Cash and Non-Interest-Bearing Accounts$230,180$214,922▼ $15,258
Savings and Temporary Cash Investments$375,927$117,453▼ $258,474
Accounts Receivable$42,747$41,517▼ $1,230
Prepaid Expenses and Deferred Charges$9,742$8,959▼ $783
Land, Buildings, and Equipment, Net$13,096$6,499▼ $6,597
Total Assets$1,565,414$1,590,549▲ $25,135
Liabilities
Deferred Revenue-$20,000-
Accounts Payable and Accrued Expenses$12,616$15,940▲ $3,324
Total Liabilities$12,616$35,940▲ $23,324
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,552,798$1,554,609▲ $1,811
Total Net Assets Fund Balance$1,552,798$1,554,609▲ $1,811
Total Liabilities and Net Assets / Fund Balance$1,565,414$1,590,549▲ $25,135

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,499$71,705$78,204
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karyn CharvatExecutive DirectorFT$106,945$27,597$134,542
James NicholsDirector-$414$402$816
Lee CernyDirector-$414$402$816

Board Members and Trustees

NameTitle
Ken BronskiDirector
Peter Cattaneo JrDirector
Tony GinutiDirector
Robert Klcoformer director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$606,796
Investment Income
$39,786
Other Revenue
$0
Change in Net Assets
$-105,032

Audited Revenue Reconciliation

Revenue per Audited Statements
$635,187
Revenue Not Reported on Financial Statements
$11,395
Revenue Not Reported on Form 990
$106,843
Total Revenue per Audited Statements
$742,030
Total Revenue per Form 990
$646,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$299,894
Salaries, Compensation, and Employee Benefits$289,859
Grants and Similar Amounts Paid$21,343
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$204,707
Benefits to Members---$140,518
Other Employee Benefits---$47,605
Occupancy---$43,888
Payments to Affiliates---$42,958
Office Expenses---$35,119
Pension Plan Contributions---$19,837
Advertising---$19,060
Payroll Taxes---$16,078
Conferences and Meetings---$15,734
Insurance---$12,924
Fees for Service Investment Mgmnt Fees---$11,395
Grants to Domestic Orgs---$11,313
Grants to Domestic Individuals---$10,030
Fees for Services Accounting---$10,000
Depreciation Depletion---$6,596
Fees for Services Legal---$4,713
Other Expenses---$3,480
Current Officers, Directors, Trustees, and Key Employees---$1,632
Travel---$1,298
All Other Expenses---$350
Total Functional Expenses$0$0$0$751,614

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$751,614
Expenses per Audited Statements$740,219
Total Expenses per Audited Statements$740,219
Expenses Not Reported on Financial Statements$11,395
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
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 1010, WARRENVILLE, IL 60555

Signing Officer

Name
frank furco
Title
director
Phone
6303931701
Signed
2025-02-24
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
3
Employees
8
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, 2024, 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, 2024 the plan is no longer subject to income tax examinations for years prior to the fiscal year ended may 31, 2021.”

Raw XML Appendix344 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, 2024, 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, 2024 THE PLAN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO THE FISCAL YEAR ENDED MAY 31, 2021.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0no one receipiant received over $5,000 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/TotalAssetsBOYAmt01565414
IRS990/TotalAssetsEOYAmt01590549
IRS990/TotalAssetsGrp/BOYAmt01565414
IRS990/TotalAssetsGrp/EOYAmt01590549
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/TotalAmt0751614
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012616
IRS990/TotalLiabilitiesEOYAmt035940
IRS990/TotalLiabilitiesGrp/BOYAmt012616
IRS990/TotalLiabilitiesGrp/EOYAmt035940
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01552798
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01554609
IRS990/TotalOtherCompensationAmt028401
IRS990/TotalProgramServiceRevenueAmt0606796
IRS990/TotalReportableCompFromOrgAmt0107773
IRS990/TotalRevenueGrp/ExclusionAmt039786
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0606796
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0646582
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01565414
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01590549
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt01298
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt028600 BELLA VISTA PARKWAY 1010
IRS990/USAddress/CityNm0WARRENVILLE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060555
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0frank furco
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0director
ReturnHeader/BusinessOfficerGrp/PhoneNum06303931701
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-24
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 1010
ReturnHeader/Filer/USAddress/CityNm0WARRENVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060555
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
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/ReturnTs02025-02-24T13:31:40-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-06-01
ReturnHeader/TaxPeriodEndDt02024-05-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,590,549
Liabilities
$35,940
Net assets
$1,554,609
Revenue
$646,582
Expenses
$751,614
Net income
-$105,032
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
2024Detailed filing. Detailed filing data is available for this year.$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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.06$1.44$0.52$0.51$0.01