Civic Intelligence

Great Lakes Independent Booksellers

EIN 38-2999974 • 501(c)6 • Woodridge, IL

Profile

Education to promote literacy

3123 Andrea CTWoodridge, IL 60517

www.gliba.org

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.02x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.04x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

85th percentile

25%

Higher net margin than 85% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

91st percentile

$60,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 41.7% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

71st percentile

11%

Faster asset growth than 71% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

43rd percentile

-4.5%

Faster revenue growth than 43% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$281,124

Up $27,253 (+11%) from 2020

Liabilities

Down

$5,742

Down $9,170 (-61%) from 2020

Net Assets

Up

$275,382

Up $36,423 (+15%) from 2020

Revenue

Down

$143,885

Down $6,811 (-4.5%) from 2020

Expenses

Down

$107,462

Down $32,685 (-23%) from 2020

Net Income

Up

$36,423

Up $25,874 (+245%) from 2020

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $130,507Liabilities 2012: $11,172Net Assets 2012: $119,3352012Assets 2013: $136,835Liabilities 2013: $10,335Net Assets 2013: $126,5002013Assets 2014: $135,589Liabilities 2014: $10,357Net Assets 2014: $125,2322014Assets 2015: $142,966Liabilities 2015: $7,816Net Assets 2015: $135,1502015Assets 2016: $149,589Liabilities 2016: $7,708Net Assets 2016: $141,8812016Assets 2017: $179,050Liabilities 2017: $8,390Net Assets 2017: $170,6602017Assets 2018: $199,501Liabilities 2018: $7,931Net Assets 2018: $191,5702018Assets 2019: $239,142Liabilities 2019: $10,732Net Assets 2019: $228,4102019Assets 2020: $253,871Liabilities 2020: $14,912Net Assets 2020: $238,9592020Assets 2021: $281,124Liabilities 2021: $5,742Net Assets 2021: $275,3822021

Highlighted filing

2021

Assets$281,124
Liabilities$5,742
Net Assets$275,382

Operations Trend

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

$300K$200K$100K$0Revenue 2012: $202,766Expenses 2012: $201,219Net Income 2012: $1,5472012Revenue 2013: $129,547Expenses 2013: $119,891Net Income 2013: $9,6562013Revenue 2014: $260,381Expenses 2014: $254,883Net Income 2014: $5,4982014Revenue 2015: $117,906Expenses 2015: $115,397Net Income 2015: $2,5092015Revenue 2016: $246,217Expenses 2016: $243,261Net Income 2016: $2,9562016Revenue 2017: $155,392Expenses 2017: $126,613Net Income 2017: $28,7792017Revenue 2018: $139,175Expenses 2018: $118,265Net Income 2018: $20,9102018Revenue 2019: $181,375Expenses 2019: $144,535Net Income 2019: $36,8402019Revenue 2020: $150,696Expenses 2020: $140,147Net Income 2020: $10,5492020Revenue 2021: $143,885Expenses 2021: $107,462Net Income 2021: $36,4232021

Highlighted filing

2021

Revenue$143,885
Expenses$107,462
Net Income$36,423

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Feb 14, 2022
Return Version
2020v4.2
Gross Receipts
$143,885
Mission and Program Overview

Mission

Education to promote literacy

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$39,230-
Accounts Receivable$35,818$11,475▼ $24,343
Prepaid Expenses and Deferred Charges-$4,000-
Savings and Temporary Cash Investments$-748--
Total Assets$253,871$281,124▲ $27,253
Other Assets Total$218,801$226,419▲ $7,618
Liabilities
Accounts Payable and Accrued Expenses$14,912$5,742▼ $9,170
Total Liabilities$14,912$5,742▼ $9,170
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$178,475$214,898▲ $36,423
Net Assets With Donor Restrictions$60,484$60,484→ $0
Total Net Assets Fund Balance$238,959$275,382▲ $36,423
Total Liabilities and Net Assets / Fund Balance$253,871$281,124▲ $27,253

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$3,030$3,030
Other Assets Org$165,935--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$136,247
Investment Income
$7,638
Other Revenue
$0
Change in Net Assets
$36,423
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$72,561
Other Expenses$34,901
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---$60,000
Fees for Services Accounting---$9,000
Payroll Taxes---$6,561
Pension Plan Contributions---$6,000
All Other Expenses---$4,638
Office Expenses---$4,269
Occupancy---$2,400
Insurance---$1,876
Other Expenses---$1,315
Information Technology---$1,217
Total Functional Expenses$0$0$0$107,462
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Larry LawExecutive DirectorRent of OfficeNo$2,400
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A

Election of members and their rights - board of directors is elected by the membership. Bylaws cover elections. Proxies, containing provisions for write-in candidates, shall be mailed to members at least 45 days prior to the annual meeting. Members may vote at the meeting or by proxy. Proxies must be returned no later than 10 days prior to the meeting.

Form 990, Part VI, Line 7B

Decisions subject to approval by members - board decisions are not usually subject to approval by the members. Membership can be surveyed regarding association matters for input if deemed necessary. Any change to bylaws would need full membership approval. Board activities are regularly reported in the association weekly newsletter.

Form 990, Part VI, Line 11B

Organizations process to review form 990 - before filing with the irs, the completed form 990 is reviewed by the executive director of great lakes independent booksellers association.

Form 990, Part VI, Line 12C

Enforcement of conflicts policy - conflict of interest issues are reviewed during the board of directors nomination process. In addition, each board member has an orientation meeting prior to their first meeting. All policies are reviewed during this session. Board members are asked at that time if there are any conflict of interest issues. Further, they are asked to report if any changes occur in that status.

Form 990, Part VI, Line 15A

Compensation process for top official - compensation is outlined in an employment contract, reviewed annually. The contract is approved by a committee appointed by the current board president. Future contract determination includes a performance evaluation.

Form 990, Part VI, Line 19

Governing documents disclosure explanation - documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Great Lakes Independent Booksellers
EIN
38-2999974
Phone
6308418129
Address
3123 ANDREA CT, WOODRIDGE, IL 60517

Signing Officer

Name
Larry Law
Title
Executive Director
Signed
2022-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Law
Formed
1991
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
11
Employees
1

Preparer

Firm
Raymond M Lowry CPA
Address
53 N MAIN STREET, THREE RIVERS, MI 49093
Preparer
Raymond M Lowry
Phone
2692730811
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ELECTION OF MEMBERS AND THEIR RIGHTS - BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP. BYLAWS COVER ELECTIONS. PROXIES, CONTAINING PROVISIONS FOR WRITE-IN CANDIDATES, SHALL BE MAILED TO MEMBERS AT LEAST 45 DAYS PRIOR TO THE ANNUAL MEETING. MEMBERS MAY VOTE AT THE MEETING OR BY PROXY. PROXIES MUST BE RETURNED NO LATER THAN 10 DAYS PRIOR TO THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DECISIONS SUBJECT TO APPROVAL BY MEMBERS - BOARD DECISIONS ARE NOT USUALLY SUBJECT TO APPROVAL BY THE MEMBERS. MEMBERSHIP CAN BE SURVEYED REGARDING ASSOCIATION MATTERS FOR INPUT IF DEEMED NECESSARY. ANY CHANGE TO BYLAWS WOULD NEED FULL MEMBERSHIP APPROVAL. BOARD ACTIVITIES ARE REGULARLY REPORTED IN THE ASSOCIATION WEEKLY NEWSLETTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATIONS PROCESS TO REVIEW FORM 990 - BEFORE FILING WITH THE IRS, THE COMPLETED FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR OF GREAT LAKES INDEPENDENT BOOKSELLERS ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ENFORCEMENT OF CONFLICTS POLICY - CONFLICT OF INTEREST ISSUES ARE REVIEWED DURING THE BOARD OF DIRECTORS NOMINATION PROCESS. IN ADDITION, EACH BOARD MEMBER HAS AN ORIENTATION MEETING PRIOR TO THEIR FIRST MEETING. ALL POLICIES ARE REVIEWED DURING THIS SESSION. BOARD MEMBERS ARE ASKED AT THAT TIME IF THERE ARE ANY CONFLICT OF INTEREST ISSUES. FURTHER, THEY ARE ASKED TO REPORT IF ANY CHANGES OCCUR IN THAT STATUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION PROCESS FOR TOP OFFICIAL - COMPENSATION IS OUTLINED IN AN EMPLOYMENT CONTRACT, REVIEWED ANNUALLY. THE CONTRACT IS APPROVED BY A COMMITTEE APPOINTED BY THE CURRENT BOARD PRESIDENT. FUTURE CONTRACT DETERMINATION INCLUDES A PERFORMANCE EVALUATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PUBLISHING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0HEARTLAND PRODUCTIONS INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt0159094
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt080594
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0250 WOODSTOCK AVENUE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0CLARENDON HILLS
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxExemptBondsInd0false
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014912
IRS990/TotalLiabilitiesEOYAmt05742
IRS990/TotalLiabilitiesGrp/BOYAmt014912
IRS990/TotalLiabilitiesGrp/EOYAmt05742
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0238959
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0275382
IRS990/TotalProgramServiceRevenueAmt0136247
IRS990/TotalReportableCompFromOrgAmt060000
IRS990/TotalRevenueGrp/ExclusionAmt0100009
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt043876
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0143885
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0253871
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0281124
IRS990/TransactionWithControlEntInd0true
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05204 FAIRVIEW AVENUE
IRS990/USAddress/CityNm0DOWNERS GROVE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060515
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.GLIBA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY LAW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREAT LAKES INDEPENDENT BOOKSELLERS
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0382999974
ReturnHeader/Filer/PhoneNum06308418129
ReturnHeader/Filer/USAddress/AddressLine1Txt03123 ANDREA CT
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ReturnHeader/Filer/USAddress/ZIPCd060517
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAYMOND M LOWRY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt053 N MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0THREE RIVERS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049093
ReturnHeader/PreparerPersonGrp/PhoneNum02692730811
ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RAYMOND M LOWRY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-02-14T06:17:32-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LARRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LAW

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