Civic Intelligence

Naifa Illinois

990 • Fiscal year 2017 • EIN 37-0345280

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 09, 2017

60 Adloff LaneSpringfield, IL 62703

(217) 529-0126

Siviq Scores

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

Liabilities / Assets

87th percentile

0.33x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

0.28x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

94th percentile

$79,814

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 28.7% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

17th percentile

-20%

Faster asset growth than 17% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

16th percentile

-21%

Faster revenue growth than 16% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$236,727

Down $59,223 (-20%) from 2016

Net Assets

Down

$159,721

Down $57,588 (-27%) from 2016

Liabilities

Down

$77,006

Down $1,635 (-2.1%) from 2016

Revenue

Down

$277,893

Down $74,394 (-21%) from 2016

Expenses

Down

$335,481

Down $57,979 (-15%) from 2016

Net Income

Down

-$57,588

Down $16,415 (-40%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2016: $295,950Liabilities 2016: $78,641Net Assets 2016: $217,3092016Assets 2017: $236,727Liabilities 2017: $77,006Net Assets 2017: $159,7212017Assets 2018: $261,228Liabilities 2018: $48,168Net Assets 2018: $213,0602018Assets 2019: $471,702Liabilities 2019: $40,448Net Assets 2019: $431,2542019Assets 2020: $440,501Liabilities 2020: $37,483Net Assets 2020: $403,0182020Assets 2021: $459,679Liabilities 2021: $40,367Net Assets 2021: $419,3122021Assets 2022: $482,755Liabilities 2022: $30,927Net Assets 2022: $451,8282022Assets 2023: $479,983Liabilities 2023: $23,613Net Assets 2023: $456,3702023Assets 2024: $498,584Liabilities 2024: $27,875Net Assets 2024: $470,7092024

Highlighted filing

2017

Assets$236,727
Liabilities$77,006
Net Assets$159,721

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $352,287Expenses 2016: $393,460Net Income 2016: -$41,1732016Revenue 2017: $277,893Expenses 2017: $335,481Net Income 2017: -$57,5882017Revenue 2018: $282,891Expenses 2018: $229,552Net Income 2018: $53,3392018Revenue 2019: $473,596Expenses 2019: $255,402Net Income 2019: $218,1942019Revenue 2020: $240,551Expenses 2020: $231,427Net Income 2020: $9,1242020Revenue 2021: $221,487Expenses 2021: $205,193Net Income 2021: $16,2942021Revenue 2022: $241,163Expenses 2022: $208,647Net Income 2022: $32,5162022Revenue 2023: $221,825Expenses 2023: $217,283Net Income 2023: $4,5422023Revenue 2024: $236,852Expenses 2024: $222,513Net Income 2024: $14,3392024

Highlighted filing

2017

Revenue$277,893
Expenses$335,481
Net Income-$57,588
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$277,893
Mission and Program Overview

Mission

To advocate legislative awareness and involvement, facilitate professional growth, and provide leadership development opportunities to licensed providers of financial products and services.

To give members from insurance and financial advisory professions educational support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$142,294$106,646▼ $35,648
Land, Buildings, and Equipment, Net$91,268$88,251▼ $3,017
Cash and Non-Interest-Bearing Accounts$47,976$31,539▼ $16,437
Prepaid Expenses and Deferred Charges$12,395$9,622▼ $2,773
Accounts Receivable$2,017$669▼ $1,348
Total Assets$295,950$236,727▼ $59,223
Liabilities
Deferred Revenue$52,410$47,826▼ $4,584
Accounts Payable and Accrued Expenses$12,956$18,227▲ $5,271
Other Liabilities$13,275$10,953▼ $2,322
Total Liabilities$78,641$77,006▼ $1,635
Net Assets / Fund Balance
Unrestricted Net Assets$217,309$159,721▼ $57,588
Total Net Assets Fund Balance$217,309$159,721▼ $57,588
Total Liabilities and Net Assets / Fund Balance$295,950$236,727▼ $59,223

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,789$158,374$179,163
Land$66,334-$66,334
Equipment$1,128$56,248$57,376
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sara E DecatoireExecutive Vice PresidentFT$77,564$2,250$79,814

Board Members and Trustees

NameTitle
Mark a TanImmediate Past President
Adam a SolanoPresident
Jeff KeicherPresident-elect
Camille TanDirector Yat, Lili
James KeenanDirector Yat, Lili
Gene RyanMembership Director
Trina BrownMembership Director
Dennis DeanGovernment Relations
Frances HailemariamGovernment Relations
Bruce KnoppNational Committeeperson
Carl ZeidlerSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$245,267
Program Service Revenue
$19,335
Investment Income
$1,828
Other Revenue
$11,463
Change in Net Assets
$-57,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$177,924
Salaries, Compensation, and Employee Benefits$157,557
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$79,597
Other Salaries and Wages---$63,211
Conferences and Meetings---$57,210
Fees for Services Lobbying---$27,000
Insurance---$22,473
Fees for Services Accounting---$20,100
Payroll Taxes---$10,756
Depreciation Depletion---$5,073
Pension Plan Contributions---$3,993
Other Expenses---$2,175
All Other Expenses---$1,318
Travel---$1,046
Office Expenses---$977
Total Functional Expenses$0$0$0$335,481
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$36,036
Current Year Nondeductible Lobbying and Political Cost$27,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$10,953
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Mark tan and camille tan are husband and wife.

Form 990, Part VI, Section A, Line 6

The organization has members who are in the profession of insurance and financial advisors.

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

The nominating committee, comprised of current members, presents nominated candidates to the board. The delegates council then votes on the new members.

Form 990, Part VI, Section B, Line 11B

The organization provides a copy of the of the 990 to the finance committee prior to filing the tax return.

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

Annually, each board member and employee are required to complete a conflict of interest statement and submit it to the board of directors.

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

Annually, the executive committee determined the compensation of the executive director.

Form 990, Part VI, Section C, Line 19

The association makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Naifa Illinois
EIN
37-0345280
Phone
2175290126
Address
60 ADLOFF LANE, SPRINGFIELD, IL 62703

Signing Officer

Name
Sara Decatoire
Title
Executive Vice President
Phone
2175290126
Signed
2017-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Decatoire
Formed
1997
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
0

Preparer

Firm
Kerber Eck & Braeckel Llp
Address
3200 ROBBINS RD STE 200A, SPRINGFIELD, IL 62704
Preparer
Kathleen O Ward
Phone
2177890960
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has a finance committee that assumes responsibility for the oversight of the review of the selection of the independent accountants.

Financial Statement Notes

PART X, LINE 2:

The association has recognized in the financial statements the effects of all tax positions and continually evaluate expiring statutes of limitations, audits, changes in tax law and new authoritative rulings. The association is not aware of any circumstances or events that make it reasonably possible that unrecognized tax benefits may increase or decrease within 12 months of the statement of financial position date. Penalties and interest assessed by taxing authorities are included in the provision for income taxes, if applicable. There were no interest or penalties paid during 2017 and 2016.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR YAT, LILI
IRS990/Form990PartVIISectionAGrp/TitleTxt1NATIONAL COMMITTEEPERSON
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IRS990ScheduleD/BuildingsGrp/BookValueAmt020789
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0158374
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0179163
IRS990ScheduleD/EquipmentGrp/BookValueAmt01128
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056248
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt057376
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt066334
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt066334
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010953
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION HAS RECOGNIZED IN THE FINANCIAL STATEMENTS THE EFFECTS OF ALL TAX POSITIONS AND CONTINUALLY EVALUATE EXPIRING STATUTES OF LIMITATIONS, AUDITS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE ASSOCIATION IS NOT AWARE OF ANY CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT UNRECOGNIZED TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE STATEMENT OF FINANCIAL POSITION DATE. PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES ARE INCLUDED IN THE PROVISION FOR INCOME TAXES, IF APPLICABLE. THERE WERE NO INTEREST OR PENALTIES PAID DURING 2017 AND 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt088251
IRS990ScheduleD/TotalLiabilityAmt010953
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MARK TAN AND CAMILLE TAN ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS WHO ARE IN THE PROFESSION OF INSURANCE AND FINANCIAL ADVISORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE NOMINATING COMMITTEE, COMPRISED OF CURRENT MEMBERS, PRESENTS NOMINATED CANDIDATES TO THE BOARD. THE DELEGATES COUNCIL THEN VOTES ON THE NEW MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION PROVIDES A COPY OF THE OF THE 990 TO THE FINANCE COMMITTEE PRIOR TO FILING THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUALLY, EACH BOARD MEMBER AND EMPLOYEE ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT AND SUBMIT IT TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUALLY, THE EXECUTIVE COMMITTEE DETERMINED THE COMPENSATION OF THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE REVIEW OF THE SELECTION OF THE INDEPENDENT ACCOUNTANTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 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/DirectControllingEntityName/BusinessNameLine1Txt0NAIFA ILLINOIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NAIFA ILLINOIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NAIFA ILLINOIS FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1NAIFA GREATER IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0371368912
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1473733254
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE SCHOLARSHIPS TO COLLEGES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PROVIDE MEMBER SERVICES TO SMALL LOCAL CHAPTERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt060 ADLOFF LANE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt160 ADLOFF LANE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SPRINGFIELD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1SPRINGFIELD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd062703
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd162703
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0295950
IRS990/TotalAssetsEOYAmt0236727
IRS990/TotalAssetsGrp/BOYAmt0295950
IRS990/TotalAssetsGrp/EOYAmt0236727
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0245267
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/TotalAmt0335481
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt078641
IRS990/TotalLiabilitiesEOYAmt077006
IRS990/TotalLiabilitiesGrp/BOYAmt078641
IRS990/TotalLiabilitiesGrp/EOYAmt077006
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0217309
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0159721
IRS990/TotalOtherCompensationAmt02250
IRS990/TotalProgramServiceExpensesAmt0245057
IRS990/TotalProgramServiceRevenueAmt019335
IRS990/TotalReportableCompFromOrgAmt077564
IRS990/TotalRevenueGrp/ExclusionAmt01828
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt030798
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0277893
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0295950
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0236727
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt01046
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0217309
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0159721
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt060 ADLOFF LANE
IRS990/USAddress/CityNm0SPRINGFIELD
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd062703
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.NAIFA-IL.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SARA DECATOIRE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02175290126
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NAIFA ILLINOIS
ReturnHeader/Filer/BusinessNameControlTxt0NAIF

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