Civic Intelligence

Illinois CPA Foundation

990 • Fiscal year 2018 • EIN 36-6083944

Apr 01, 2017 to Mar 31, 2018 • Filed on Nov 06, 2018

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

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

40th percentile

0.0%

Higher net margin than 40% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

97th percentile

$429,261

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 15.1% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

36th percentile

-1.0%

Faster revenue growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$0

Down $546,419 (-100%) from 2017

Net Assets

Flat

$0

Flat from 2017

Liabilities

Down

$0

Down $546,419 (-100%) from 2017

Revenue

Down

$2,839,107

Down $29,848 (-1.0%) from 2017

Expenses

Down

$2,839,107

Down $29,848 (-1.0%) from 2017

Net Income

Flat

$0

Flat from 2017

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: $02017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
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: $02017Revenue 2018: $2,839,107Expenses 2018: $2,839,107Net Income 2018: $02018

Highlighted filing

2018

Revenue$2,839,107
Expenses$2,839,107
Net Income$0
Jump To
Filing Snapshot
Filing Period
Apr 1, 2017 to Mar 31, 2018
Signed
Nov 6, 2018
Return Version
2017v2.3
Gross Receipts
$2,839,107
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$465,637$0▼ $465,637
Accounts Receivable$44,438$0▼ $44,438
Prepaid Expenses and Deferred Charges$35,828$0▼ $35,828
Land, Buildings, and Equipment, Net$516$0▼ $516
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$546,419$0▼ $546,419
Other Assets Total-$0-
Liabilities
Other Liabilities$355,084$0▼ $355,084
Deferred Revenue$126,088$0▼ $126,088
Accounts Payable and Accrued Expenses$65,247$0▼ $65,247
Total Liabilities$546,419$0▼ $546,419
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$546,419$0▼ $546,419
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ralph GaillardChief Learning DirectorFT$127,702$33,081$160,783
Wendy SechDirector of EducationFT$116,442$21,464$137,906

Board Members and Trustees

NameTitle
Lisa HartkopfDirector-chairperson
Todd ShapiroPresident/CEO
Rosaria CammarataDirector-vice Chairperson
Andrea UrbanDirector
Anne KohlerDirector
Brian BlahaDirector
Christopher BeaulieuDirector
Dorri McwhorterDirector
Elizabeth PittelkowDirector
Jon DavisDirector
Jonathan HauserDirector
Maria PradoDirector
Michael BedellDirector
Stella SantosDirector
Stephen FerraraDirector
Terry BishopDirector
Thomas MurtaghDirector
Scott SteffensDirector-immediate Past Ch
Geoffrey HarlowDirector-secretary
Kevin WydraDirector-treasurer
Jennifer SchultzCOO & CFO
Marty GreenVP, Government Affairs
Revenue and Support

Revenue Composition

Contributions and Grants
$1,381,625
Program Service Revenue
$1,457,482
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,839,107
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,839,107
Total Revenue per Form 990
$2,839,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,685,058
Other Expenses$1,154,049
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$1,493,905-$1,493,905
Occupancy-$231,808-$231,808
Other Employee Benefits-$143,823-$143,823
Office Expenses-$96,457-$96,457
Depreciation Depletion-$78,484-$78,484
Payroll Taxes-$47,330-$47,330
All Other Expenses-$30,032-$30,032
Other Expenses$120,646$23,640-$23,640
Insurance-$14,389-$14,389
Fees for Services Accounting-$14,243-$14,243
Travel-$11,086-$11,086
Total Functional Expenses$617,767$2,221,340$0$2,839,107

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,839,107
Total Expenses per Audited Statements$2,839,107
Total Expenses per Form 990$2,839,107
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
2018-11-06
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
10
Volunteers
300

Preparer

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

Additional Explanations

Form 990, Part III, Line 3

The organization ceased conducting all programs and was disolved.

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, 2018 were reviewed, and it was determined that no provision for uncertain tax positions is required.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR-IMMEDIATE PAST CH
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02839107
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt014389
IRS990/InsuranceGrp/TotalAmt014389
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt029
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0516
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
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/ManagementAndGeneralAmt0231808
IRS990/OccupancyGrp/TotalAmt0231808
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt096457
IRS990/OfficeExpensesGrp/TotalAmt096457
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0143823
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0143823
IRS990/OtherExpensesGrp/Desc0CONTINUING EDUCATION PR
IRS990/OtherExpensesGrp/Desc1ACCOUNTING AND COMPUTER
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3BANK/CC FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt036143
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt123640
IRS990/OtherExpensesGrp/ProgramServicesAmt0497121
IRS990/OtherExpensesGrp/ProgramServicesAmt1120646
IRS990/OtherExpensesGrp/TotalAmt0497121
IRS990/OtherExpensesGrp/TotalAmt1120646
IRS990/OtherExpensesGrp/TotalAmt236143
IRS990/OtherExpensesGrp/TotalAmt323640
IRS990/OtherLiabilitiesGrp/BOYAmt0355084
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01493905
IRS990/OtherSalariesAndWagesGrp/TotalAmt01493905
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt047330
IRS990/PayrollTaxesGrp/TotalAmt047330
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt035828
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0TODD SHAPIRO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0CONT PROFESSIONAL EDUC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01457482
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01457482
IRS990/ProgSrvcAccomActy2Grp/Desc0DIRECT COSTS RELATED TO ACCOUNTING AND COMPUTER SHOWS - INFORMATIVE CLASSES PROVIDED AS CONTINUING EDUCATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0120646
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0367671
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01326365
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-12377
IRS990/PYOtherExpensesAmt01279913
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01554967
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt01589042
IRS990/PYTotalExpensesAmt02868955
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02868955
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt01381625
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01089811
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt01381625
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt01326365
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt01018928
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt01120618
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0847827
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt05695363
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01381625
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01326365
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01018928
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01120618
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0847827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05695363
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01457482
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01554967
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01917118
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01844740
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01841860
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt08616167
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.60200
IRS990ScheduleA/PublicSupportPY509Pct00.66980
IRS990ScheduleA/PublicSupportTotal509Amt08616167
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01381625
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt01326365

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