Civic Intelligence

Michigan Laborer'S Vacation Fund

990 • Fiscal year 2019 • EIN 38-2106864

Sep 01, 2018 to Aug 31, 2019 • Filed on Feb 04, 2020

6525 Centurion DriveLansing, MI 48917

(517) 321-7502

Siviq Scores

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

Liabilities / Assets

94th percentile

0.90x

Higher debt load relative to assets than 94% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

0.49x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2019

Net Margin

44th percentile

1.6%

Higher net margin than 44% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

75th percentile

$260,135

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2019

Asset Growth

52nd percentile

11%

Faster asset growth than 52% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

49th percentile

4.5%

Faster revenue growth than 49% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Up

$24,164,342

Up $2,335,274 (+11%) from 2018

Net Assets

Up

$2,482,955

Up $835,259 (+51%) from 2018

Liabilities

Up

$21,681,387

Up $1,500,015 (+7.4%) from 2018

Revenue

Up

$44,144,680

Up $1,881,518 (+4.5%) from 2018

Expenses

Up

$43,456,258

Up $1,598,719 (+3.8%) from 2018

Net Income

Up

$688,422

Up $282,799 (+70%) from 2018

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $9,070,209Liabilities 2011: $7,959,959Net Assets 2011: $1,110,2502011Assets 2012: $8,776,469Liabilities 2012: $7,703,797Net Assets 2012: $1,072,6722012Assets 2013: $9,296,365Liabilities 2013: $8,421,022Net Assets 2013: $875,3432013Assets 2014: $11,023,485Liabilities 2014: $10,155,161Net Assets 2014: $868,3242014Assets 2015: $12,978,215Liabilities 2015: $12,070,832Net Assets 2015: $907,3832015Assets 2016: $12,712,830Liabilities 2016: $11,642,068Net Assets 2016: $1,070,7622016Assets 2017: $19,280,265Liabilities 2017: $17,997,242Net Assets 2017: $1,283,0232017Assets 2018: $21,829,068Liabilities 2018: $20,181,372Net Assets 2018: $1,647,6962018Assets 2019: $24,164,342Liabilities 2019: $21,681,387Net Assets 2019: $2,482,9552019Assets 2020: $23,514,255Liabilities 2020: $20,552,568Net Assets 2020: $2,961,6872020Assets 2021: $27,310,767Liabilities 2021: $24,060,232Net Assets 2021: $3,250,5352021Assets 2023: $32,184,959Liabilities 2023: $29,372,393Net Assets 2023: $2,812,5662023Assets 2024: $34,992,300Liabilities 2024: $32,686,859Net Assets 2024: $2,305,4412024

Highlighted filing

2019

Assets$24,164,342
Liabilities$21,681,387
Net Assets$2,482,955

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2011: $14,995,3832011Expenses 2012: $16,257,4822012Revenue 2013: $17,404,448Expenses 2013: $17,554,165Net Income 2013: -$149,7172013Revenue 2014: $20,067,680Expenses 2014: $20,087,420Net Income 2014: -$19,7402014Revenue 2015: $20,731,946Expenses 2015: $20,674,655Net Income 2015: $57,2912015Revenue 2016: $23,396,442Expenses 2016: $23,262,147Net Income 2016: $134,2952016Revenue 2017: $36,187,028Expenses 2017: $36,132,733Net Income 2017: $54,2952017Revenue 2018: $42,263,162Expenses 2018: $41,857,539Net Income 2018: $405,6232018Revenue 2019: $44,144,680Expenses 2019: $43,456,258Net Income 2019: $688,4222019Revenue 2020: $45,901,372Expenses 2020: $45,379,248Net Income 2020: $522,1242020Revenue 2021: $50,300,432Expenses 2021: $50,126,522Net Income 2021: $173,9102021Revenue 2023: $63,998,668Expenses 2023: $64,109,379Net Income 2023: -$110,7112023Revenue 2024: $67,461,060Expenses 2024: $68,180,446Net Income 2024: -$719,3862024

Highlighted filing

2019

Revenue$44,144,680
Expenses$43,456,258
Net Income$688,422
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Feb 4, 2020
Return Version
2018v3.2
Gross Receipts
$121,532,819
Mission and Program Overview

Mission

Payment of vacation benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,793,023$16,567,319▲ $1,774,296
Accounts Receivable$5,637,848$5,943,936▲ $306,088
Rtn Earn Endowment Incm Other Fnds$1,647,696$2,482,955▲ $835,259
Cash and Non-Interest-Bearing Accounts$328,876$1,647,126▲ $1,318,250
Savings and Temporary Cash Investments$1,062,937$637▼ $1,062,300
Total Assets$21,829,068$24,164,342▲ $2,335,274
Other Assets Total$6,384$5,324▼ $1,060
Liabilities
Other Liabilities$11,957,381$12,873,544▲ $916,163
Accounts Payable and Accrued Expenses$8,223,991$8,807,843▲ $583,852
Total Liabilities$20,181,372$21,681,387▲ $1,500,015
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,647,696$2,482,955▲ $835,259
Total Liabilities and Net Assets / Fund Balance$21,829,068$24,164,342▲ $2,335,274
Compensation and Service Providers

Employees

NameTitleOtherTotal
Joel ArchibaldTrustee$138,736$138,736
Brent PilarskiTrustee$62,233$62,233

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Tic International CorporationAdministrative6525 CENTURION DRIVE, Lansing, MI 48917$211,205
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$43,259,276
Investment Income
$369,842
Other Revenue
$515,562
Change in Net Assets
$688,422

Audited Revenue Reconciliation

Revenue per Audited Statements
$44,142,680
Revenue Not Reported on Financial Statements
$2,000
Revenue Not Reported on Form 990
$146,837
Total Revenue per Audited Statements
$44,289,517
Total Revenue per Form 990
$44,144,680
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$277,195
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$43,179,063--$43,179,063
Fees for Services Management-$172,689-$172,689
Fees for Services Accounting-$32,972-$32,972
Fees for Services Other-$27,734-$27,734
Office Expenses-$24,065-$24,065
Fees for Services Legal-$11,901-$11,901
Insurance-$4,034-$4,034
Fees for Service Investment Mgmnt Fees-$2,000-$2,000
Information Technology-$1,800-$1,800
Total Functional Expenses$43,179,063$277,195$0$43,456,258

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$43,456,258
Expenses per Audited Statements$43,454,258
Total Expenses per Audited Statements$43,454,258
Expenses Not Reported on Financial Statements$2,000
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
Benefits Payable$12,873,544
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

Line 2 - family relationship or business relationship - the relationship line 12 - annually each trustees must answer the fiduciary liability line 15 - the fund did not have a ceo, executive director, or top

Form 990, Page 6, Part VI, Line 11B

The form 990 is presented and approved at the board of trustees' meeting, subject to review and approval by the fund's attorney.

Form 990, Page 6, Part VI, Line 19

The fund is established and maintained pursuant to the employee retirement security act of 1974, as amended. It operates in compliance with the reporting and disclosure requirements of subtitle b, part 1 of erisa with respect to disclosure of its governing documents and financial information. It operates in compliance with the fiduciary responsibility requirements of subtitle b, part 4 of erisa. The fund does not have a conflicts of interest policy.

Filing and Contact Details

Filer

Filer Name
MICHIGAN LABORER'S VACATION FUND
EIN
38-2106864
Phone
5173217502
Address
6525 CENTURION DRIVE, LANSING, MI 48917

Signing Officer

Name
Alex Zurek
Title
Secretary
Phone
5173217502
Signed
2020-02-04

Organization Details

Principal Officer
Alex Zurek
Formed
1965
Legal Domicile
Mi
Voting Board Members
16
Independent Board Members
8
Employees
0

Preparer

Firm
Benda Grace Stulz & Company Pc
Address
38800 VAN DYKE AVE STE 100, STERLING HEIGHTS, MI 48312
Preparer
Bryan Stulz
Phone
5868836240
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012873544
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BENEFITS PAYABLE
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02000
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IRS990ScheduleD/TotalExpensesPerForm990Amt043456258
IRS990ScheduleD/TotalLiabilityAmt012873544
IRS990ScheduleD/TotalRevenuePerForm990Amt044144680
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt044289517
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2174945
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4116408
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt5104886
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt069058
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt184890
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt278692
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt367183
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt463178
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt559287
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM BASS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ALEX ZUREK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2GENE ALESSANDRINI SR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3MICHAEL AARON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4ARLANDAR WASHINGTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5GENO ALESSANDRINI JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4TRUSTEE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1260135
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4179586
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt5164173
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 2 - FAMILY RELATIONSHIP OR BUSINESS RELATIONSHIP - THE RELATIONSHIP LINE 12 - ANNUALLY EACH TRUSTEES MUST ANSWER THE FIDUCIARY LIABILITY LINE 15 - THE FUND DID NOT HAVE A CEO, EXECUTIVE DIRECTOR, OR TOP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PRESENTED AND APPROVED AT THE BOARD OF TRUSTEES' MEETING, SUBJECT TO REVIEW AND APPROVAL BY THE FUND'S ATTORNEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FUND IS ESTABLISHED AND MAINTAINED PURSUANT TO THE EMPLOYEE RETIREMENT SECURITY ACT OF 1974, AS AMENDED. IT OPERATES IN COMPLIANCE WITH THE REPORTING AND DISCLOSURE REQUIREMENTS OF SUBTITLE B, PART 1 OF ERISA WITH RESPECT TO DISCLOSURE OF ITS GOVERNING DOCUMENTS AND FINANCIAL INFORMATION. IT OPERATES IN COMPLIANCE WITH THE FIDUCIARY RESPONSIBILITY REQUIREMENTS OF SUBTITLE B, PART 4 OF ERISA. THE FUND DOES NOT HAVE A CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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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.$35.0$32.7$2.31$67.5$68.2$0.72
2023Detailed filing. Detailed filing data is available for this year.$32.2$29.4$2.81$64.0$64.1$0.11
2021Detailed filing. Detailed filing data is available for this year.$27.3$24.1$3.25$50.3$50.1$0.17
2020Detailed filing. Detailed filing data is available for this year.$23.5$20.6$2.96$45.9$45.4$0.52
2019Detailed filing. Detailed filing data is available for this year.$24.2$21.7$2.48$44.1$43.5$0.69
2018Detailed filing. Detailed filing data is available for this year.$21.8$20.2$1.65$42.3$41.9$0.41
2017Detailed filing. Detailed filing data is available for this year.$19.3$18.0$1.28$36.2$36.1$0.05
2016Detailed filing. Detailed filing data is available for this year.$12.7$11.6$1.07$23.4$23.3$0.13
2015Detailed filing. Detailed filing data is available for this year.$13.0$12.1$0.91$20.7$20.7$0.06
2014Detailed filing. Detailed filing data is available for this year.$11.0$10.2$0.87$20.1$20.1$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.30$8.42$0.88$17.4$17.6$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.78$7.70$1.07$16.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.07$7.96$1.11$15.0