Civic Intelligence

Ibew Local 701 Supplemental

EIN 36-4166378 • 501(c)17 • Warrenville, IL

Profile

Provide income security during layoffs.

28600 Bella Vista Parkway 1110Warrenville, IL 60555

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

38th percentile

0.00x

Higher debt load relative to assets than 38% of similar nonprofits.

$1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

52nd percentile

0.04x

Higher debt load relative to revenue than 52% of similar nonprofits.

$1M-$5M nonprofits • Source year 2025

Net Margin

19th percentile

-17%

Higher net margin than 19% of similar nonprofits.

$1M-$5M nonprofits • Source year 2025

Top Officer Pay

51st percentile

$13,032

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 19.9% of source-year revenue.

$1M-$5M nonprofits • Source year 2025

Asset Growth

53rd percentile

3.7%

Faster asset growth than 53% of similar nonprofits.

$1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

77th percentile

45%

Faster revenue growth than 77% of similar nonprofits.

$1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,505,573

Up $29,982 (+2.0%) from 2023

Liabilities

Up

$6,585

Up $682 (+12%) from 2023

Net Assets

Up

$1,498,988

Up $29,300 (+2.0%) from 2023

Revenue

Down

$45,303

Down $9,076 (-17%) from 2023

Expenses

Up

$59,932

Up $2,033 (+3.5%) from 2023

Net Income

Down

-$14,629

Down $11,109 (-316%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2021: $1,465,869Liabilities 2021: $7,686Net Assets 2021: $1,458,1832021Assets 2022: $1,517,240Liabilities 2022: $5,717Net Assets 2022: $1,511,5232022Assets 2023: $1,475,591Liabilities 2023: $5,903Net Assets 2023: $1,469,6882023Assets 2024: $1,505,573Liabilities 2024: $6,585Net Assets 2024: $1,498,9882024

Highlighted filing

2024

Assets$1,505,573
Liabilities$6,585
Net Assets$1,498,988

Operations Trend

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

$200K$100K$0-$100KRevenue 2021: $199,945Expenses 2021: $172,378Net Income 2021: $27,5672021Revenue 2022: $192,407Expenses 2022: $68,400Net Income 2022: $124,0072022Revenue 2023: $54,379Expenses 2023: $57,899Net Income 2023: -$3,5202023Revenue 2024: $45,303Expenses 2024: $59,932Net Income 2024: -$14,6292024

Highlighted filing

2024

Revenue$45,303
Expenses$59,932
Net Income-$14,629

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Mar 6, 2025
Return Version
2023v6.0
Gross Receipts
$45,437
Mission and Program Overview

Mission

Provide income security during layoffs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,469,688$1,498,988▲ $29,300
Investments in Publicly Traded Securities$1,304,498$1,390,634▲ $86,136
Cash and Non-Interest-Bearing Accounts$122,927$64,137▼ $58,790
Savings and Temporary Cash Investments$44,653$46,897▲ $2,244
Prepaid Expenses and Deferred Charges$1,550$1,550→ $0
Land, Buildings, and Equipment, Net$681$461▼ $220
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,475,591$1,505,573▲ $29,982
Other Assets Total$1,282$1,894▲ $612
Liabilities
Other Liabilities$5,500$6,081▲ $581
Accounts Payable and Accrued Expenses$403$504▲ $101
Total Liabilities$5,903$6,585▲ $682
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,469,688$1,498,988▲ $29,300
Total Liabilities and Net Assets / Fund Balance$1,475,591$1,505,573▲ $29,982

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$461$26,288$26,749
Compensation and Service Providers

Employees

NameTitleOtherTotal
Robert PanateraTrustee$9,273$9,273
William DrewTrustee$8,902$8,902
John McdonnellFormer Trustee$7,860$7,860

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$116
Investment Income
$45,187
Other Revenue
$0
Change in Net Assets
$-14,629

Audited Revenue Reconciliation

Revenue per Audited Statements
$41,171
Revenue Not Reported on Financial Statements
$4,132
Revenue Not Reported on Form 990
$43,929
Total Revenue per Audited Statements
$85,100
Total Revenue per Form 990
$45,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$47,482
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
Other Expenses---$16,914
Benefits to Members---$12,450
Fees for Services Accounting---$10,800
Occupancy---$7,955
Fees for Service Investment Mgmnt Fees---$4,132
Insurance---$2,973
Information Technology---$2,694
Office Expenses---$963
Fees for Services Legal---$739
Depreciation Depletion---$220
Fees for Services Other---$92
Total Functional Expenses$0$0$0$59,932

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$59,932
Expenses per Audited Statements$55,800
Total Expenses per Audited Statements$55,800
Expenses Not Reported on Financial Statements$4,132
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
Due to Affiliated Funds$6,081
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
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 B, Line 11B

The trustees autorize the fund's administrator and a designated trustee to review the form 990 before it's filed.

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

The trustees are governed by the trust document and have a fiduciary responsibility under erisa to administer the plan in the best interest of the membership. The us dept of labor requires all labor trustees to report on form lm-30 potential situations where there may be conflicts of interest. This information is open to the public

Form 990, Part VI, Section B, Line 15

The board of trustees review salaries and compensation annually for each employee of the fund. All changes in compensation is approved and documented in the corresponding board meeting

Form 990, Part VI, Section C, Line 19

A summary annual report is distributed to all participants. Participants are able to request the auditor's report and other financial information from the plan administrator and/or the us dept of labor. Also, form 5500 is open for public inspection through the us depot of labor

Filing and Contact Details

Filer

Filer Name
Ibew Local 701 Supplemental
EIN
36-4166378
Phone
6303931701
Address
28600 BELLA VISTA PARKWAY 1110, WARRENVILLE, IL 60555

Signing Officer

Name
Kevin Connelly
Title
Trustee
Phone
6303931701
Signed
2025-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Connelly
Formed
1998
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
8
Employees
18
Volunteers
0

Preparer

Firm
Calibre CPA Group Pllc
Address
230 W MONROE STREET SUITE 310, CHICAGO, IL 60606
Preparer
Corey Bilkey
Phone
3126550037
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process hasn't 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.

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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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0461
IRS990ScheduleD/TotalExpensesPerForm990Amt059932
IRS990ScheduleD/TotalLiabilityAmt06081
IRS990ScheduleD/TotalRevenuePerForm990Amt045303
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt085100
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt055800
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEES AUTORIZE THE FUND'S ADMINISTRATOR AND A DESIGNATED TRUSTEE TO REVIEW THE FORM 990 BEFORE IT'S FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUSTEES ARE GOVERNED BY THE TRUST DOCUMENT AND HAVE A FIDUCIARY RESPONSIBILITY UNDER ERISA TO ADMINISTER THE PLAN IN THE BEST INTEREST OF THE MEMBERSHIP. THE US DEPT OF LABOR REQUIRES ALL LABOR TRUSTEES TO REPORT ON FORM LM-30 POTENTIAL SITUATIONS WHERE THERE MAY BE CONFLICTS OF INTEREST. THIS INFORMATION IS OPEN TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES REVIEW SALARIES AND COMPENSATION ANNUALLY FOR EACH EMPLOYEE OF THE FUND. ALL CHANGES IN COMPENSATION IS APPROVED AND DOCUMENTED IN THE CORRESPONDING BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A SUMMARY ANNUAL REPORT IS DISTRIBUTED TO ALL PARTICIPANTS. PARTICIPANTS ARE ABLE TO REQUEST THE AUDITOR'S REPORT AND OTHER FINANCIAL INFORMATION FROM THE PLAN ADMINISTRATOR AND/OR THE US DEPT OF LABOR. ALSO, FORM 5500 IS OPEN FOR PUBLIC INSPECTION THROUGH THE US DEPOT OF LABOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HASN'T CHANGED FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IBEW LOCAL 701 PENSION FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1IBEW LOCAL 701 RETIREMENT SAVINGS FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2IBEW LOCAL 701 VACATION FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3IBEW LOCAL 701 WELFARE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0366455509
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1366455509
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2362942688
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3362951116
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0401A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1401A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501C9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501C9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE PENSION BENEFITS TO PARTICIPANTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1RETIREMENT BENEFITS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2VACATION BENEFITS FOR PARTICIPANTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3PROVIDE HEALTH BENEFITS FOR PARTICIPANTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt028600 BELLA VISTA PARKWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt128600 BELLA VISTA PARKWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt228600 BELLA VISTA PARKWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt328600 BELLA VISTA PARKWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WARRENVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1WARRENVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2WARRENVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3WARRENVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060555
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd160555
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd260555
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd360555
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01475591
IRS990/TotalAssetsEOYAmt01505573
IRS990/TotalAssetsGrp/BOYAmt01475591
IRS990/TotalAssetsGrp/EOYAmt01505573
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/TotalAmt059932
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05903
IRS990/TotalLiabilitiesEOYAmt06585
IRS990/TotalLiabilitiesGrp/BOYAmt05903
IRS990/TotalLiabilitiesGrp/EOYAmt06585
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01469688
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01498988
IRS990/TotalOtherCompensationAmt011684
IRS990/TotalProgramServiceRevenueAmt0116
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt045187
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0116
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt045303
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01475591
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01505573
IRS990/TotReportableCompRltdOrgAmt014351
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt028600 BELLA VISTA PARKWAY 1110
IRS990/USAddress/CityNm0WARRENVILLE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060555
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

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