Civic Intelligence

Illinois CPA Foundation

990 • Fiscal year 2016 • EIN 36-6083944

Apr 01, 2015 to Mar 31, 2016 • Filed on Oct 31, 2016

550 W Jackson No 900Chicago, IL 60661-5716

(312) 993-0407

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.00x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

0.38x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

42nd percentile

0.0%

Higher net margin than 42% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

96th percentile

$390,855

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

91st percentile

50%

Faster asset growth than 91% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

39th percentile

-1.0%

Faster revenue growth than 39% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,129,638

Up $377,742 (+50%) from 2015

Net Assets

Flat

$0

Flat from 2015

Liabilities

Up

$1,129,638

Up $377,742 (+50%) from 2015

Revenue

Down

$2,936,046

Down $29,312 (-1.0%) from 2015

Expenses

Down

$2,936,046

Down $29,312 (-1.0%) from 2015

Net Income

Flat

$0

Flat from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,793,109Liabilities 2011: $1,793,109Net Assets 2011: $02011Assets 2013: $891,460Liabilities 2013: $891,460Net Assets 2013: $02013Assets 2014: $530,729Liabilities 2014: $530,729Net Assets 2014: $02014Assets 2015: $751,896Liabilities 2015: $751,896Net Assets 2015: $02015Assets 2016: $1,129,638Liabilities 2016: $1,129,638Net Assets 2016: $02016Assets 2017: $546,419Liabilities 2017: $546,419Net Assets 2017: $02017

Highlighted filing

2016

Assets$1,129,638
Liabilities$1,129,638
Net Assets$0

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2011: $2,422,2962011Expenses 2013: $2,366,2622013Revenue 2014: $2,689,687Expenses 2014: $2,689,687Net Income 2014: $02014Revenue 2015: $2,965,358Expenses 2015: $2,965,358Net Income 2015: $02015Revenue 2016: $2,936,046Expenses 2016: $2,936,046Net Income 2016: $02016Revenue 2017: $2,868,955Expenses 2017: $2,868,955Net Income 2017: $02017

Highlighted filing

2016

Revenue$2,936,046
Expenses$2,936,046
Net Income$0
Jump To
Filing Snapshot
Filing Period
Apr 1, 2015 to Mar 31, 2016
Signed
Oct 31, 2016
Return Version
2015v2.1
Gross Receipts
$2,936,046
Mission and Program Overview

Mission

To promote the study and practice of accountancy within the state of illinois.

We serve the public by promoting the study and practice of accountancy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$699,717$1,040,653▲ $340,936
Accounts Receivable$16,909$56,266▲ $39,357
Prepaid Expenses and Deferred Charges$21,042$18,933▼ $2,109
Land, Buildings, and Equipment, Net$14,206$13,786▼ $420
Total Assets$751,896$1,129,638▲ $377,742
Other Assets Total$22$0▼ $22
Liabilities
Other Liabilities$480,354$862,374▲ $382,020
Deferred Revenue$229,237$176,304▼ $52,933
Accounts Payable and Accrued Expenses$42,305$90,960▲ $48,655
Total Liabilities$751,896$1,129,638▲ $377,742
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$751,896$1,129,638▲ $377,742

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$13,786$30,684$44,470
Equipment$0$3,156$3,156
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ralph GaillardChief Learning DirectorFT$113,682$26,864$140,546
Wendy SechDirector of EducationFT$100,036$22,148$122,184

Board Members and Trustees

NameTitle
Edward HannonDirector-chairperson
Todd ShapiroPresident/CEO
Scott SteffensDirector-vice Chairperson
Brent BaccusDirector
David KaletDirector
Eileen FelsonDirector
Elizabeth PittelkowDirector
Gary HartDirector
Jared BourgeoisDirector
Jon DavisDirector
Jonathan HauserDirector
Kelly Richmond PopeDirector
Kevin WydraDirector
Rosaria CammarataDirector
Rose DohertyDirector
Terry BishopDirector
Thomas MurtaghDirector
Daniel RahillDirector-immediate Past Ch
Lisa HartkopfDirector-secretary
Margaret HunnDirector-treasurer
Jennifer SchultzCOO & CFO
Melanie MinnixVP, Planning & Communicati
Revenue and Support

Revenue Composition

Contributions and Grants
$1,018,928
Program Service Revenue
$1,917,118
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,936,046
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,936,046
Total Revenue per Form 990
$2,936,046
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,579,206
Other Expenses$1,356,840
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$1,413,706-$1,413,706
Occupancy-$260,974-$260,974
Other Employee Benefits-$123,833-$123,833
Office Expenses-$101,534-$101,534
Depreciation Depletion-$50,153-$50,153
All Other Expenses-$43,678-$43,678
Payroll Taxes-$41,667-$41,667
Other Expenses$105,811$36,832-$36,832
Fees for Services Accounting-$27,192-$27,192
Travel-$13,785-$13,785
Insurance-$13,130-$13,130
Fees for Services Legal-$449-$449
Total Functional Expenses$761,135$2,174,911$0$2,936,046

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,936,046
Total Expenses per Audited Statements$2,936,046
Total Expenses per Form 990$2,936,046
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Il CPA Society$862,374
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 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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Illinois cpa foundation is controlled by the illinois cpa society which is a trade association. Members of our board may conduct business with other members of our board.

Form 990, Part VI, Section A, Line 7A

Members of the illinois cpa society elect the governing body.

Form 990, Part VI, Section A, Line 7B

Decisions of the governing body are subject to approval by other persons.

Form 990, Part VI, Section B, Line 11

Form 990 is prepared by our independent accountants and provided to the governing body prior to filing. Form 990 is reviewed in detail by the controller. A secondary, high-level review is conducted by the cfo and the president/ceo.

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

On an annual basis, each board member is asked to disclose any conflicts of interest by completing an acknowledgement of code of conduct. Any conflicts identified are reviewed with the audit committee during the spring audit committee meeting.

Form 990, Part VI, Section B, Line 15A

The ceo has a written employment contract. Compensation is approved by the executive committee of the board.

Form 990, Part VI, Section C, Line 19

All documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Illinois CPA Foundation
EIN
36-6083944
Phone
3129930407
Address
550 W JACKSON NO 900, CHICAGO, IL 60661-5716

Signing Officer

Name
Todd Shapiro
Title
President/CEO
Phone
3129930407
Signed
2016-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Shapiro
Formed
1950
Legal Domicile
Il
Voting Board Members
19
Independent Board Members
19
Employees
9
Volunteers
300

Preparer

Firm
Eck Schafer & Punke Llp
Address
227 SOUTH SEVENTH STREET, SPRINGFIELD, IL 62701
Preparer
Brent Leach
Phone
2175251111
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The consolidated group follows gaapusa which sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Tax positions for the open tax years as of march 31, 2016 were reviewed, and it was determined that no provision for uncertain tax positions is required.

Raw XML AppendixShowing 400 of 673 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/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt20COO & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP, PLANNING & COMMUNICATI
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR OF EDUCATION
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHIEF LEARNING DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01950
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02936046
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt013130
IRS990/InsuranceGrp/TotalAmt013130
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt035
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt033840
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014206
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013786
IRS990/LandBldgEquipCostOrOtherBssAmt047626
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE THE STUDY AND PRACTICE OF ACCOUNTANCY WITHIN THE STATE OF ILLINOIS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt00
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0260974
IRS990/OccupancyGrp/TotalAmt0260974
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0101534
IRS990/OfficeExpensesGrp/TotalAmt0101534
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt022
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0123833
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0123833
IRS990/OtherExpensesGrp/Desc0CONTINUING EDUCATION PR
IRS990/OtherExpensesGrp/Desc1ACCOUNTING AND COMPUTER
IRS990/OtherExpensesGrp/Desc2BANK/CC FEES
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt047978
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt136832
IRS990/OtherExpensesGrp/ProgramServicesAmt0655324
IRS990/OtherExpensesGrp/ProgramServicesAmt1105811
IRS990/OtherExpensesGrp/TotalAmt0655324
IRS990/OtherExpensesGrp/TotalAmt1105811
IRS990/OtherExpensesGrp/TotalAmt247978
IRS990/OtherExpensesGrp/TotalAmt336832
IRS990/OtherLiabilitiesGrp/BOYAmt0480354
IRS990/OtherLiabilitiesGrp/EOYAmt0862374
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01413706
IRS990/OtherSalariesAndWagesGrp/TotalAmt01413706
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt041667
IRS990/PayrollTaxesGrp/TotalAmt041667
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021042
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018933
IRS990/PrincipalOfficerNm0TODD SHAPIRO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0CONT PROFESSIONAL EDUC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01917118
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01917118
IRS990/ProgSrvcAccomActy2Grp/Desc0DIRECT COSTS RELATED TO ACCOUNTING AND COMPUTER SHOWS - INFORMATIVE CLASSES PROVIDED AS CONTINUING EDUCATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0105811
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0416564
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01120618
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01420356
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01844740
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt01545002
IRS990/PYTotalExpensesAmt02965358
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02965358
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt01018928
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01500554
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt01018928
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt01120618
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0847827
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0255786
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0187055
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt03430214
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01018928
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01120618
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0847827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0255786
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0187055
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03430214
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01917118
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01844740
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01841860
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02110476
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02250470
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09964664
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.74390
IRS990ScheduleA/PublicSupportPY509Pct00.79050
IRS990ScheduleA/PublicSupportTotal509Amt09964664
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01018928
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt01120618
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0847827
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0255786
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0187055
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt03430214
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02936046
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02965358
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02689687
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02366262

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