Civic Intelligence

Neca-Ibew Welfare Trust Fund

990 • Fiscal year 2019 • EIN 37-0738564

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 19, 2020

2120 Hubbard AvenueDecatur, IL 62526

(217) 875-0254

Siviq Scores

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

Liabilities / Assets

71st percentile

0.11x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

78th percentile

0.20x

Higher debt load relative to revenue than 78% of similar nonprofits.

2019 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2019

Net Margin

38th percentile

1.8%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

29th percentile

$0

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2019

Asset Growth

34th percentile

7.2%

Faster asset growth than 34% of similar nonprofits.

2019 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

26th percentile

-2.3%

Faster revenue growth than 26% of similar nonprofits.

2019 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Assets

Up

$291,895,171

Up $19,688,119 (+7.2%) from 2018

Net Assets

Up

$260,411,997

Up $14,780,043 (+6.0%) from 2018

Liabilities

Up

$31,483,174

Up $4,908,076 (+18%) from 2018

Revenue

Down

$159,116,249

Down $3,744,239 (-2.3%) from 2018

Expenses

Down

$156,321,219

Down $4,182,504 (-2.6%) from 2018

Net Income

Up

$2,795,030

Up $438,265 (+19%) from 2018

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $198,381,657Liabilities 2010: $1,387,276Net Assets 2010: $196,994,3812010Assets 2011: $218,601,357Liabilities 2011: $3,001,408Net Assets 2011: $215,599,9492011Assets 2012: $240,698,401Liabilities 2012: $8,719,529Net Assets 2012: $231,978,8722012Assets 2013: $229,060,958Liabilities 2013: $10,254,165Net Assets 2013: $218,806,7932013Assets 2014: $228,850,870Liabilities 2014: $11,899,191Net Assets 2014: $216,951,6792014Assets 2015: $221,797,955Liabilities 2015: $12,737,322Net Assets 2015: $209,060,6332015Assets 2016: $237,987,336Liabilities 2016: $17,032,666Net Assets 2016: $220,954,6702016Assets 2017: $254,145,641Liabilities 2017: $21,668,753Net Assets 2017: $232,476,8882017Assets 2018: $272,207,052Liabilities 2018: $26,575,098Net Assets 2018: $245,631,9542018Assets 2019: $291,895,171Liabilities 2019: $31,483,174Net Assets 2019: $260,411,9972019Assets 2020: $297,703,349Liabilities 2020: $36,119,298Net Assets 2020: $261,584,0512020Assets 2021: $345,142,588Liabilities 2021: $42,491,750Net Assets 2021: $302,650,8382021Assets 2022: $314,833,150Liabilities 2022: $47,351,025Net Assets 2022: $267,482,1252022Assets 2023: $316,277,324Liabilities 2023: $52,048,443Net Assets 2023: $264,228,8812023Assets 2024: $341,329,241Liabilities 2024: $6,334,755Net Assets 2024: $334,994,4862024

Highlighted filing

2019

Assets$291,895,171
Liabilities$31,483,174
Net Assets$260,411,997

Operations Trend

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

$300M$200M$100M$0-$100MExpenses 2010: $90,368,1002010Expenses 2011: $95,303,5202011Expenses 2012: $114,035,3862012Expenses 2013: $130,890,2582013Revenue 2014: $125,190,260Expenses 2014: $133,008,026Net Income 2014: -$7,817,7662014Revenue 2015: $146,970,914Expenses 2015: $146,529,727Net Income 2015: $441,1872015Revenue 2016: $150,611,958Expenses 2016: $140,047,533Net Income 2016: $10,564,4252016Revenue 2017: $150,934,852Expenses 2017: $151,127,314Net Income 2017: -$192,4622017Revenue 2018: $162,860,488Expenses 2018: $160,503,723Net Income 2018: $2,356,7652018Revenue 2019: $159,116,249Expenses 2019: $156,321,219Net Income 2019: $2,795,0302019Revenue 2020: $169,134,496Expenses 2020: $166,467,946Net Income 2020: $2,666,5502020Revenue 2021: $170,894,089Expenses 2021: $165,866,175Net Income 2021: $5,027,9142021Revenue 2022: $204,637,992Expenses 2022: $193,850,633Net Income 2022: $10,787,3592022Revenue 2023: $192,452,896Expenses 2023: $200,218,178Net Income 2023: -$7,765,2822023Revenue 2024: $241,145,158Expenses 2024: $226,005,128Net Income 2024: $15,140,0302024

Highlighted filing

2019

Revenue$159,116,249
Expenses$156,321,219
Net Income$2,795,030
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 19, 2020
Return Version
2018v3.1
Gross Receipts
$188,548,859
Mission and Program Overview

Mission

To provide benefits to eligible members and their dependents

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$245,631,954$260,411,997▲ $14,780,043
Investments Other Securities$156,160,896$161,054,492▲ $4,893,596
Investments in Publicly Traded Securities$89,066,694$101,246,389▲ $12,179,695
Accounts Receivable$13,886,654$14,391,380▲ $504,726
Savings and Temporary Cash Investments$11,833,657$13,785,909▲ $1,952,252
Land, Buildings, and Equipment, Net$506,602$455,569▼ $51,033
Prepaid Expenses and Deferred Charges$22,420$15,500▼ $6,920
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$272,207,052$291,895,171▲ $19,688,119
Other Assets Total$730,129$945,932▲ $215,803
Liabilities
Accounts Payable and Accrued Expenses$26,182,776$31,047,386▲ $4,864,610
Other Liabilities$392,322$435,788▲ $43,466
Total Liabilities$26,575,098$31,483,174▲ $4,908,076
Net Assets / Fund Balance
Total Net Assets Fund Balance$245,631,954$260,411,997▲ $14,780,043
Total Liabilities and Net Assets / Fund Balance$272,207,052$291,895,171▲ $19,688,119

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$42,353$1,559,653$1,602,006
Buildings$313,896$577,902$891,798
Other Land Buildings$40,841$16,147$56,988
Leasehold Improvements$27,479$17,081$44,560
Land$31,000-$31,000
Other Securities$9,927,536--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Beth IdingEmployer Trustee
Billy SerbousekEmployer Trustee
Bryan AllisonEmployer Trustee
Carl TironeEmployer Trustee
Charles CrowEmployer Trustee
David ConderEmployer Trustee
Jeff LinkenheltEmployer Trustee
Jon HustonEmployer Trustee
Larry Van TriesEmployer Trustee
Mark KawolskyEmployer Trustee
Mark LaugheryEmployer Trustee
Matthew LafreeEmployer Trustee
Ron MastersEmployer Trustee
Sam Galloway IiiEmployer Trustee
Scott HartigEmployer Trustee
Ted UppoleEmployer Trustee
Terry GipsonEmployer Trustee
William FrickeEmployer Trustee
William MeyerEmployer Trustee
David KarcherUnion Trustee
Dean WarshUnion Trustee
Harry LowenthalUnion Trustee
Jarrett ClemUnion Trustee
Jeff RodefferUnion Trustee
Jimmy EvansUnion Trustee
Josh SappUnion Trustee
Kristopher HowardUnion Trustee
Larry SpencerUnion Trustee
Michael YoungUnion Trustee
Mike ArbuckleUnion Trustee
Mike RaikesUnion Trustee
Nathan KnottUnion Trustee
Neil HerveyUnion Trustee
Paul FlynnUnion Trustee
Paul GreenUnion Trustee
Steve HughartUnion Trustee
Todd ThackerUnion Trustee
Tony QuillenUnion Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$154,864,585
Investment Income
$4,178,142
Other Revenue
$73,522
Change in Net Assets
$2,795,030

Audited Revenue Reconciliation

Revenue per Audited Statements
$158,360,847
Revenue Not Reported on Financial Statements
$755,402
Revenue Not Reported on Form 990
$11,985,013
Total Revenue per Audited Statements
$170,345,860
Total Revenue per Form 990
$159,116,249
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,400,869
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
Benefits to Members---$150,920,350
Fees for Service Investment Mgmnt Fees---$755,402
Office Expenses---$270,883
Fees for Services Other---$254,515
Fees for Services Accounting---$171,870
Fees for Services Legal---$168,091
Conferences and Meetings---$154,882
Other Expenses---$76,112
Insurance---$67,895
Depreciation Depletion---$43,322
All Other Expenses---$9,775
Travel---$9,261
Total Functional Expenses$0$0$0$156,321,219

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$156,321,219
Expenses per Audited Statements$155,565,817
Total Expenses per Audited Statements$155,565,817
Expenses Not Reported on Financial Statements$755,402
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 Broker$286,595
Due to Neca-ibew Benefits Administration Association$149,193
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
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

Both kevin cope, fund administrator, and robin hamilton, administrative assistant, would review the 990 before it is submitted. After review, the 990 would be signed by the fund administrator.

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

In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and all material facts to the board of trustees before it considers the proposed transaction or arrangement. After disclosure of the financial interest the remaining trustees shall decide if a conflict of interest exists. The board of trustees may also engage legal counsel to render an opinion as to whether a transaction or arrangement constitutes a conflict of interest. If the board has reasonable cause to believe a person had failed to disclose actual or possible conflicts of interest, it shall inform the person of the basis for such belief and afford an opportunity to explain the alleged failure to disclose and make a decision based on the information presented.

Form 990, Part VI, Section C, Line 19

Information is made available upon request

Filing and Contact Details

Filer

Filer Name
Neca-ibew Welfare Trust Fund
EIN
37-0738564
Phone
2178750254
Address
2120 HUBBARD AVENUE, DECATUR, IL 62526

Signing Officer

Name
Kevin Cope
Title
Fund Administrator
Phone
2178750254
Signed
2020-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Cope
Formed
1955
Legal Domicile
Il
Voting Board Members
38
Independent Board Members
0
Employees
0
Volunteers
38

Preparer

Firm
Kerber Eck & Braeckel Llp
Address
3200 ROBBINS ROAD STE 200A, SPRINGFIELD, IL 62704
Preparer
Michelle S Steckel
Phone
2177890960
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of trustees in still responsible for oversight of the audit of its financial statements and selection of an independent auditor.

Financial Statement Notes

PART X, LINE 2:

The fund has recognized in the financial statements the effects of all tax positions and continually evaluates expiring statutes of limitations, audits, changes in tax law, and new authoritative rulings. The fund 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 net assets available for benefits date. Penalties and interest assessed by taxing authorities are included in administrative expenses, if applicable. There were no interest or penalties paid during 2019 and 2018.

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IRS990/Form990PartVIISectionAGrp/PersonNm16TODD THACKER
IRS990/Form990PartVIISectionAGrp/PersonNm17DEAN WARSH
IRS990/Form990PartVIISectionAGrp/PersonNm18MICHAEL YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm19BRYAN ALLISON
IRS990/Form990PartVIISectionAGrp/PersonNm20DAVID CONDER
IRS990/Form990PartVIISectionAGrp/PersonNm21CHARLES CROW
IRS990/Form990PartVIISectionAGrp/PersonNm22WILLIAM FRICKE
IRS990/Form990PartVIISectionAGrp/PersonNm23SAM GALLOWAY III
IRS990/Form990PartVIISectionAGrp/PersonNm24TERRY GIPSON
IRS990/Form990PartVIISectionAGrp/PersonNm25SCOTT HARTIG
IRS990/Form990PartVIISectionAGrp/PersonNm26JON HUSTON
IRS990/Form990PartVIISectionAGrp/PersonNm27BETH IDING
IRS990/Form990PartVIISectionAGrp/PersonNm28MARK KAWOLSKY
IRS990/Form990PartVIISectionAGrp/PersonNm29MATTHEW LAFREE
IRS990/Form990PartVIISectionAGrp/PersonNm30MARK LAUGHERY
IRS990/Form990PartVIISectionAGrp/PersonNm31JEFF LINKENHELT
IRS990/Form990PartVIISectionAGrp/PersonNm32RON MASTERS
IRS990/Form990PartVIISectionAGrp/PersonNm33WILLIAM MEYER
IRS990/Form990PartVIISectionAGrp/PersonNm34BILLY SERBOUSEK
IRS990/Form990PartVIISectionAGrp/PersonNm35CARL TIRONE
IRS990/Form990PartVIISectionAGrp/PersonNm36TED UPPOLE
IRS990/Form990PartVIISectionAGrp/PersonNm37LARRY VAN TRIES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt340
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt370
IRS990/Form990PartVIISectionAGrp/TitleTxt0UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15UNION TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt17UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt30EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt31EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt32EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt33EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt34EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt35EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt36EMPLOYER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt37EMPLOYER TRUSTEE
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IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
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IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE SERVICE
IRS990/OtherExpensesGrp/Desc1COMPUTER EXPENSE
IRS990/OtherExpensesGrp/Desc2DUES & FEES

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$341$6.33$335$241$226$15.1
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$316$52.0$264$192$200$7.77
2022Detailed filing. Detailed filing data is available for this year.$315$47.4$267$205$194$10.8
2021Detailed filing. Detailed filing data is available for this year.$345$42.5$303$171$166$5.03
2020Detailed filing. Detailed filing data is available for this year.$298$36.1$262$169$166$2.67
2019Detailed filing. Detailed filing data is available for this year.$292$31.5$260$159$156$2.80
2018Detailed filing. Detailed filing data is available for this year.$272$26.6$246$163$161$2.36
2017Detailed filing. Detailed filing data is available for this year.$254$21.7$232$151$151$0.19
2016Detailed filing. Detailed filing data is available for this year.$238$17.0$221$151$140$10.6
2015Detailed filing. Detailed filing data is available for this year.$222$12.7$209$147$147$0.44
2014Detailed filing. Detailed filing data is available for this year.$229$11.9$217$125$133$7.82
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$229$10.3$219$131
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$241$8.72$232$114
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$219$3.00$216$95.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$198$1.39$197$90.4
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)9 • $250M-$1B nonprofits