Civic Intelligence

Illinois Lumber and Material Dealers

EIN 37-1238314 • 501(c)9 • Rochester, IL

Profile

To provide training and education benefits to the participants of the illinois lumber and material dealers insurance trust.

PO Box 588Rochester, IL 62563-0588

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.00x

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

501(c)9 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.00x

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

501(c)9 • <$500k nonprofits • Source year 2024

Net Margin

22nd percentile

-719%

Higher net margin than 22% of similar nonprofits.

501(c)9 • <$500k nonprofits • Source year 2024

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

501(c)9 • <$500k nonprofits • Source year 2024

Asset Growth

53rd percentile

-52%

Faster asset growth than 53% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

115%

Faster revenue growth than 94% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$70,696

Down $77,664 (-52%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$70,696

Down $77,664 (-52%) from 2023

Revenue

Up

$10,457

Up $5,586 (+115%) from 2023

Expenses

Down

$85,664

Down $511 (-0.6%) from 2023

Net Income

Up

-$75,207

Up $6,097 (+7.5%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2018: $526,545Liabilities 2018: $0Net Assets 2018: $526,5452018Assets 2019: $402,069Liabilities 2019: $0Net Assets 2019: $402,0692019Assets 2020: $335,778Liabilities 2020: $0Net Assets 2020: $335,7782020Assets 2021: $307,075Liabilities 2021: $0Net Assets 2021: $307,0752021Assets 2022: $241,220Liabilities 2022: $0Net Assets 2022: $241,2202022Assets 2023: $148,360Liabilities 2023: $0Net Assets 2023: $148,3602023Assets 2024: $70,696Liabilities 2024: $0Net Assets 2024: $70,6962024

Highlighted filing

2024

Assets$70,696
Liabilities$0
Net Assets$70,696

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100K-$200KRevenue 2018: $30,395Expenses 2018: $167,650Net Income 2018: -$137,2552018Revenue 2019: $35,218Expenses 2019: $143,706Net Income 2019: -$108,4882019Revenue 2020: $91,188Expenses 2020: $87,364Net Income 2020: $3,8242020Revenue 2021: $26,754Expenses 2021: $83,829Net Income 2021: -$57,0752021Revenue 2022: $30,351Expenses 2022: $84,086Net Income 2022: -$53,7352022Revenue 2023: $4,871Expenses 2023: $86,175Net Income 2023: -$81,3042023Revenue 2024: $10,457Expenses 2024: $85,664Net Income 2024: -$75,2072024

Highlighted filing

2024

Revenue$10,457
Expenses$85,664
Net Income-$75,207

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Mar 1, 2023 to Feb 29, 2024
Signed
Sep 10, 2024
Return Version
2023v5.1
Gross Receipts
$92,849
Mission and Program Overview

Mission

To provide training and education benefits to the participants of the illinois lumber and material dealers insurance trust.

Provide training and education benefits to the participants of the trust

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$148,360$70,696▼ $77,664
Investments in Publicly Traded Securities$142,246$65,092▼ $77,154
Cash and Non-Interest-Bearing Accounts$6,114$5,604▼ $510
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$148,360$70,696▼ $77,664
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$148,360$70,696▼ $77,664
Total Liabilities and Net Assets / Fund Balance$148,360$70,696▼ $77,664
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dan WeltyChairman
Bob MetteTrustee
Doug WhiteTrustee
Lester GrayTrustee
Maurice NetemeyerTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$6,157
Other Revenue
$4,300
Change in Net Assets
$-75,207

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,673
Revenue Not Reported on Financial Statements
$785
Revenue Not Reported on Form 990
$-2,457
Total Revenue per Audited Statements
$7,216
Total Revenue per Form 990
$10,458
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$43,664
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---$42,000
Fees for Services Management---$28,000
Fees for Services Accounting---$8,850
Insurance---$3,302
Advertising---$2,500
Fees for Service Investment Mgmnt Fees---$785
Other Expenses---$227
Total Functional Expenses$0$0$0$85,664

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$85,665
Expenses per Audited Statements$84,880
Total Expenses per Audited Statements$84,880
Expenses Not Reported on Financial Statements$785
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
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

A copy of the form 990 was provided to the organizations governing body before it was filed.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Illinois Lumber and Material Dealers
EIN
37-1238314
Phone
2175445405
Address
PO BOX 588, ROCHESTER, IL 62563-0588

Signing Officer

Name
Sara Decatoire
Title
Plan Administrator
Phone
2175445405
Signed
2024-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Decatoire
Formed
1988
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Kerber Eck & Braeckel Llp
Address
3200 ROBBINS ROAD STE 200A, SPRINGFIELD, IL 62704
Preparer
Phillip G Capps
Phone
2177890960
Supplemental Narrative

Additional Explanations

990 Part XII Line 2C

No changes noted from prior year.

Financial Statement Notes

PART X, LINE 2:

The trust established under the plan is intended to qualify pursuant to section 501 (c)(9) of the internal revenue code (irc), and accordingly, the trust's net investment income is exempt from income taxes. The trust has obtained a favorable determination letter from the irs, and the plan sponsor believes the trust, as amended, continues to qualify and operate in accordance with the applicable provisions of the irc. The trust 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 trust 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 statments 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 2024 and 2023.

Raw XML Appendix326 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/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt085282
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt03302
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IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0142246
IRS990/InvestmentsPubTradedSecGrp/EOYAmt065092
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt082392
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IRS990/MethodOfAccountingCashInd0X
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST ESTABLISHED UNDER THE PLAN IS INTENDED TO QUALIFY PURSUANT TO SECTION 501 (C)(9) OF THE INTERNAL REVENUE CODE (IRC), AND ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE TRUST HAS OBTAINED A FAVORABLE DETERMINATION LETTER FROM THE IRS, AND THE PLAN SPONSOR BELIEVES THE TRUST, AS AMENDED, CONTINUES TO QUALIFY AND OPERATE IN ACCORDANCE WITH THE APPLICABLE PROVISIONS OF THE IRC. THE TRUST 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 TRUST 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 STATMENTS 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 2024 AND 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 WAS PROVIDED TO THE ORGANIZATIONS GOVERNING BODY BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO CHANGES NOTED FROM PRIOR YEAR.
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ILLINOIS LUMBER & MATERIAL DEALERS ASSOC
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt070696
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 588
IRS990/USAddress/CityNm0ROCHESTER
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd0625630588
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SARA DECATOIRE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PLAN ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02175445405
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ILLINOIS LUMBER AND MATERIAL DEALERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INSURANCE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0ILLI
ReturnHeader/Filer/EIN0371238314
ReturnHeader/Filer/PhoneNum02175445405
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 588
ReturnHeader/Filer/USAddress/CityNm0ROCHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd0625630588
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0430352985
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KERBER ECK & BRAECKEL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03200 ROBBINS ROAD STE 200A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPRINGFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd062704
ReturnHeader/PreparerPersonGrp/PhoneNum02177890960
ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PHILLIP G CAPPS
ReturnHeader/ReturnTs02024-09-16T08:51:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-03-01
ReturnHeader/TaxPeriodEndDt02024-02-29
ReturnHeader/TaxYr02023

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