Civic Intelligence

Illinois CPA Foundation

990 • Fiscal year 2017 • EIN 36-6083944

Apr 01, 2016 to Mar 31, 2017 • Filed on Oct 27, 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

63rd percentile

0.19x

Higher debt load relative to revenue than 63% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

39th percentile

0.0%

Higher net margin than 39% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

97th percentile

$405,494

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 14.1% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

2nd percentile

-52%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

32nd percentile

-2.3%

Faster revenue growth than 32% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$546,419

Down $583,219 (-52%) from 2016

Net Assets

Flat

$0

Flat from 2016

Liabilities

Down

$546,419

Down $583,219 (-52%) from 2016

Revenue

Down

$2,868,955

Down $67,091 (-2.3%) from 2016

Expenses

Down

$2,868,955

Down $67,091 (-2.3%) from 2016

Net Income

Flat

$0

Flat from 2016

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

2017

Assets$546,419
Liabilities$546,419
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

2017

Revenue$2,868,955
Expenses$2,868,955
Net Income$0
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Oct 27, 2017
Return Version
2016v3.0
Gross Receipts
$2,881,332
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$1,040,653$465,637▼ $575,016
Accounts Receivable$56,266$44,438▼ $11,828
Prepaid Expenses and Deferred Charges$18,933$35,828▲ $16,895
Land, Buildings, and Equipment, Net$13,786$516▼ $13,270
Total Assets$1,129,638$546,419▼ $583,219
Liabilities
Other Liabilities$862,374$355,084▼ $507,290
Deferred Revenue$176,304$126,088▼ $50,216
Accounts Payable and Accrued Expenses$90,960$65,247▼ $25,713
Total Liabilities$1,129,638$546,419▼ $583,219
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$1,129,638$546,419▼ $583,219

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,156$3,156
Other Land Buildings$516$516$1,032
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ralph GaillardChief Learning DirectorFT$124,932$30,289$155,221
Wendy SechDirector of EducationFT$104,511$20,264$124,775

Board Members and Trustees

NameTitle
Scott SteffensDirector-chairperson
Todd ShapiroPresident/CEO
Lisa HartkopfDirector-vice Chairperson
Andrea UrbanDirector
Anne KohlerDirector
Brent BaccusDirector
Christopher BeaulieuDirector
Eileen FelsonDirector
Elizabeth PittelkowDirector
Jon DavisDirector
Jonathan HauserDirector
Kelly Richmond PopeDirector
Kevin WydraDirector
Maria PradoDirector
Stephen FerraraDirector
Terry BishopDirector
Thomas MurtaghDirector
Edward HannonDirector-immediate Past Ch
Rosaria CammarataDirector-secretary
Margaret HunnDirector-treasurer
Jennifer SchultzCOO & CFO
Marty GreenVP, Government Affairs
Revenue and Support

Revenue Composition

Contributions and Grants
$1,326,365
Program Service Revenue
$1,554,967
Investment Income
$-12,377
Other Revenue
$0
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,881,332
Revenue Not Reported on Financial Statements
$-12,377
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-12,377
Total Revenue per Audited Statements
$2,881,332
Total Revenue per Form 990
$2,868,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,589,042
Other Expenses$1,279,913
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$1,412,476-$1,412,476
Occupancy-$245,062-$245,062
Other Employee Benefits-$136,507-$136,507
Office Expenses-$103,869-$103,869
Depreciation Depletion-$55,957-$55,957
Payroll Taxes-$40,059-$40,059
All Other Expenses-$38,114-$38,114
Other Expenses$127,143$36,030-$36,030
Insurance-$15,271-$15,271
Fees for Services Accounting-$14,826-$14,826
Travel-$9,057-$9,057
Total Functional Expenses$724,956$2,143,999$0$2,868,955

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,881,332
Expenses per Audited Statements$2,868,955
Total Expenses per Form 990$2,868,955
Expenses Not Reported on Form 990$12,377
Expenses Not Reported on Financial Statements$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$355,084
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 11B

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
2017-10-27
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, 2017 were reviewed, and it was determined that no provision for uncertain tax positions is required.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on disposal -12,377.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

LOSS ON DISPOSAL 12,377.

Raw XML AppendixShowing 400 of 702 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, GOVERNMENT AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR OF EDUCATION
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHIEF LEARNING DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01950
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-12377
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02881332
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt015271
IRS990/InsuranceGrp/TotalAmt015271
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt038
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03672
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013786
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0516
IRS990/LandBldgEquipCostOrOtherBssAmt04188
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt012377
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/NetGainOrLossInvestmentsGrp/ExclusionAmt0-12377
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-12377
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0245062
IRS990/OccupancyGrp/TotalAmt0245062
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0103869
IRS990/OfficeExpensesGrp/TotalAmt0103869
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0136507
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0136507
IRS990/OtherExpensesGrp/Desc0CONTINUING EDUCATION PR
IRS990/OtherExpensesGrp/Desc1ACCOUNTING AND COMPUTER
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3BANK/CC FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt036771
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt136030
IRS990/OtherExpensesGrp/ProgramServicesAmt0597813
IRS990/OtherExpensesGrp/ProgramServicesAmt1127143
IRS990/OtherExpensesGrp/TotalAmt0597813
IRS990/OtherExpensesGrp/TotalAmt1127143
IRS990/OtherExpensesGrp/TotalAmt236771
IRS990/OtherExpensesGrp/TotalAmt336030
IRS990/OtherLiabilitiesGrp/BOYAmt0862374
IRS990/OtherLiabilitiesGrp/EOYAmt0355084
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01412476
IRS990/OtherSalariesAndWagesGrp/TotalAmt01412476
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt040059
IRS990/PayrollTaxesGrp/TotalAmt040059
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018933
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt035828
IRS990/PrincipalOfficerNm0TODD SHAPIRO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0CONT PROFESSIONAL EDUC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01554967
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01554967
IRS990/ProgSrvcAccomActy2Grp/Desc0DIRECT COSTS RELATED TO ACCOUNTING AND COMPUTER SHOWS - INFORMATIVE CLASSES PROVIDED AS CONTINUING EDUCATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0127143
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0348130
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01018928
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01356840
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01917118
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt01579206
IRS990/PYTotalExpensesAmt02936046
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02936046
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt01326365
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01206837
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt01326365
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt01018928
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt01120618
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0847827
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0255786
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt04569524
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01326365
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01018928
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01120618
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0847827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0255786
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04569524
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01554967
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01917118
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01844740
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01841860
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02110476
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09269161
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.66980
IRS990ScheduleA/PublicSupportPY509Pct00.74390
IRS990ScheduleA/PublicSupportTotal509Amt09269161
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01326365
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt01018928
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt01120618
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0847827
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0255786
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt04569524
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02881332
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02936046
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02965358
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02689687

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