Civic Intelligence

Illinois Public Pension Advisory

EIN 36-4072678 • 501(c)6 • Palatine, IL

Profile

Provide a forum to educate its members on a continuing basis about legal issues, investment strategies and governmental regulations affecting public pension funds in illinois.

330 W Colfax St Suite 101Palatine, IL 60067
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Balance Sheet

Assets

Up

$23,129

Up $17,756 (+330%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$23,129

Up $17,756 (+330%) from 2023

Operations

Revenue

Down

$31,450

Down $15,895 (-34%) from 2023

Expenses

Down

$13,694

Down $37,655 (-73%) from 2023

Net Income

Up

$17,756

Up $21,760 (+543%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2023: $5,373Liabilities 2023: $0Net Assets 2023: $5,3732023Assets 2024: $23,129Liabilities 2024: $0Net Assets 2024: $23,1292024

Highlighted filing

2024

Assets$23,129
Liabilities$0
Net Assets$23,129
Open 2024 Filing

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2023: $47,345Expenses 2023: $51,349Net Income 2023: -$4,0042023Revenue 2024: $31,450Expenses 2024: $13,694Net Income 2024: $17,7562024

Highlighted filing

2024

Revenue$31,450
Expenses$13,694
Net Income$17,756
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$23,129
Liabilities
$0
Net assets
$23,129
Revenue
$31,450
Expenses
$13,694
Net income
$17,756
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.1$0.00$23.1$31.5$13.7$17.8
2023Detailed filing. Detailed filing data is available for this year.$5.37$0.00$5.37$47.3$51.3$4.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jul 1, 2024
Return Version
2023v5.0
Gross Receipts
$31,450
Mission and Program Overview

Mission

Provide a forum to educate its members on a continuing basis about legal issues, investment strategies and governmental regulations affecting public pension funds in illinois.

Purpose is development of educational programs that meet the requirement of state statutes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,373$23,129▲ $17,756
Total Assets$5,373$23,129▲ $17,756
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,373$23,129▲ $17,756
Total Net Assets Fund Balance$5,373$23,129▲ $17,756
Total Liabilities and Net Assets / Fund Balance$5,373$23,129▲ $17,756
Compensation and Service Providers

Board Members and Trustees

NameTitle
Raymond CordellPresident
Cary CollinsSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$31,450
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$17,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,694
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$3,498--$3,498
Advertising$2,699--$2,699
Travel$1,725--$1,725
Office Expenses$952--$952
Fees for Services Accounting$750--$750
Other Expenses$757$199-$199
All Other Expenses$34--$34
Total Functional Expenses$13,495$199$0$13,694
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
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
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, Page 6, Part VI, Line 11B

“Financial committee reviews the form 990 before it is finalized.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflicts of interest policy and financial statements are provided to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Illinois Public Pension Advisory
EIN
36-4072678
Phone
8475191648
Address
330 W COLFAX ST SUITE 101, PALATINE, IL 60067

Signing Officer

Name
Raymond Cordell
Title
President
Phone
8475191648
Signed
2024-07-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raymond Cordell
Formed
1996
Legal Domicile
Il
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
MCDONALD DOHERTY & COMPANY CPA'S
Address
22285 N PEPPER RD STE 305, LAKE BARRINGTON, IL 60010
Preparer
Timothy J Mcdonald CPA Cfp
Phone
8478425200
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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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