Civic Intelligence

Intl Assoc of Bridge Structural and Ornamental Ironworkers Local 89

990 • Fiscal year 2018 • EIN 42-0336965

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 15, 2018

1112 29th Avenue SWCedar Rapids, IA 52404

(319) 365-8675

Siviq Scores

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

Liabilities / Assets

87th percentile

0.27x

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

2018 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

0.64x

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

2018 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2018

Net Margin

29th percentile

-0.2%

Higher net margin than 29% of similar nonprofits.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

72nd percentile

$159,485

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 22.4% of source-year revenue.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2018

Asset Growth

31st percentile

-1.2%

Faster asset growth than 31% of similar nonprofits.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-9.3%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,668,609

Down $19,612 (-1.2%) from 2017

Net Assets

Down

$1,216,782

Down $1,484 (-0.1%) from 2017

Liabilities

Down

$451,827

Down $18,128 (-3.9%) from 2017

Revenue

Down

$710,574

Down $72,502 (-9.3%) from 2017

Expenses

Down

$712,058

Down $25,384 (-3.4%) from 2017

Net Income

Down

-$1,484

Down $47,118 (-103%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $1,043,793Liabilities 2012: $418,046Net Assets 2012: $625,7472012Assets 2013: $1,176,066Liabilities 2013: $394,390Net Assets 2013: $781,6762013Assets 2014: $1,299,976Liabilities 2014: $431,871Net Assets 2014: $868,1052014Assets 2015: $1,532,383Liabilities 2015: $462,449Net Assets 2015: $1,069,9342015Assets 2016: $1,650,589Liabilities 2016: $477,957Net Assets 2016: $1,172,6322016Assets 2017: $1,688,221Liabilities 2017: $469,955Net Assets 2017: $1,218,2662017Assets 2018: $1,668,609Liabilities 2018: $451,827Net Assets 2018: $1,216,7822018Assets 2019: $1,744,185Liabilities 2019: $422,213Net Assets 2019: $1,321,9722019Assets 2020: $1,769,317Liabilities 2020: $455,658Net Assets 2020: $1,313,6592020Assets 2021: $1,823,496Liabilities 2021: $458,296Net Assets 2021: $1,365,2002021Assets 2022: $1,575,158Liabilities 2022: $247,560Net Assets 2022: $1,327,5982022Assets 2023: $1,685,892Liabilities 2023: $262,543Net Assets 2023: $1,423,3492023Assets 2024: $1,944,752Liabilities 2024: $253,113Net Assets 2024: $1,691,6392024Assets 2025: $2,127,142Liabilities 2025: $287,376Net Assets 2025: $1,839,7662025

Highlighted filing

2018

Assets$1,668,609
Liabilities$451,827
Net Assets$1,216,782

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $1,513,198Expenses 2012: $1,395,357Net Income 2012: $117,8412012Revenue 2013: $2,987,440Expenses 2013: $2,828,593Net Income 2013: $158,8472013Revenue 2014: $789,973Expenses 2014: $703,544Net Income 2014: $86,4292014Revenue 2015: $1,032,666Expenses 2015: $830,837Net Income 2015: $201,8292015Revenue 2016: $881,342Expenses 2016: $778,644Net Income 2016: $102,6982016Revenue 2017: $783,076Expenses 2017: $737,442Net Income 2017: $45,6342017Revenue 2018: $710,574Expenses 2018: $712,058Net Income 2018: -$1,4842018Revenue 2019: $895,479Expenses 2019: $790,289Net Income 2019: $105,1902019Revenue 2020: $685,522Expenses 2020: $693,835Net Income 2020: -$8,3132020Revenue 2021: $1,543,696Expenses 2021: $1,492,155Net Income 2021: $51,5412021Revenue 2022: $1,169,729Expenses 2022: $1,207,331Net Income 2022: -$37,6022022Revenue 2023: $1,325,403Expenses 2023: $1,229,652Net Income 2023: $95,7512023Revenue 2024: $1,525,381Expenses 2024: $1,261,541Net Income 2024: $263,8402024Revenue 2025: $1,526,492Expenses 2025: $1,378,365Net Income 2025: $148,1272025

Highlighted filing

2018

Revenue$710,574
Expenses$712,058
Net Income-$1,484
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$712,700
Mission and Program Overview

Mission

To provide benefits and support for members, including working under a collective bargaining agreement providing better pay, better health and retirement benefits, job security and safe working conditions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$744,668$738,518▼ $6,150
Land, Buildings, and Equipment, Net$500,493$481,718▼ $18,775
Cash and Non-Interest-Bearing Accounts$420,016$424,016▲ $4,000
Investments Other Securities$12,500$12,500→ $0
Inventories for Sale or Use$6,622$6,622→ $0
Prepaid Expenses and Deferred Charges$3,922$5,235▲ $1,313
Total Assets$1,688,221$1,668,609▼ $19,612
Liabilities
Mortgage Notes Payable Secured by Investment Property$335,362$317,875▼ $17,487
Accounts Payable and Accrued Expenses$134,593$133,952▼ $641
Total Liabilities$469,955$451,827▼ $18,128
Net Assets / Fund Balance
Unrestricted Net Assets$985,059$960,337▼ $24,722
Temporarily Rstr Net Assets$233,207$256,445▲ $23,238
Total Net Assets Fund Balance$1,218,266$1,216,782▼ $1,484
Total Liabilities and Net Assets / Fund Balance$1,688,221$1,668,609▼ $19,612

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$345,679$96,092$441,771
Land$122,688-$122,688
Equipment$13,351$31,194$44,545
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Troy SauterFinancial SeFT$91,847$67,638$159,485
Troy SauterFinancial Secretary-$91,847$67,638$159,485
Jeremy KonicekPresident-$2,655-$2,655
Steve ColesonExecutive Bo-$442-$442

Board Members and Trustees

NameTitle
Brad DavidsonTrustee
Todd BrekkeTrustee
Zack CarrTrustee
John TharpExecutive Bo
Kevin KnepperExecutive Bo
Mike KelleyExecutive Bo
Seth GormanRecording Se
Adam RichardsSergeant-at-
Brock MunsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$577,269
Program Service Revenue
$0
Investment Income
$3,446
Other Revenue
$129,859
Change in Net Assets
$-1,484

Audited Revenue Reconciliation

Revenue per Audited Statements
$710,574
Revenue Not Reported on Form 990
$2,126
Total Revenue per Audited Statements
$712,700
Total Revenue per Form 990
$710,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$353,173
Salaries, Compensation, and Employee Benefits$316,236
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$47,472$47,472-$94,944
Pension Plan Contributions$45,288$45,288-$90,576
Other Salaries and Wages$40,035$40,035-$80,070
Benefits to Members$42,649--$42,649
Occupancy$17,865$17,865-$35,730
Other Employee Benefits$15,736$15,735-$31,471
Travel-$26,006-$26,006
Interest-$23,246-$23,246
Payroll Taxes$9,588$9,587-$19,175
Depreciation Depletion$6,588$12,188-$18,776
Fees for Services Accounting-$15,925-$15,925
Insurance-$8,988-$8,988
Information Technology-$5,608-$5,608
Office Expenses-$5,115-$5,115
Other Expenses$4,150$7,470-$4,150
All Other Expenses-$3,164-$3,164
Advertising$2,840--$2,840
Conferences and Meetings-$700-$700
Total Functional Expenses$419,624$292,434$0$712,058

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$714,184
Expenses per Audited Statements$712,058
Total Expenses per Form 990$712,058
Expenses Not Reported on Form 990$2,126
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
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, Page 6, Part VI, Line 11B

The 990 is emailed to the governing body prior to the meeting.

Form 990, Page 6, Part VI, Line 19

Governing documents are available for inspection upon request at the union hall.

Filing and Contact Details

Filer

Filer Name
Intl Assoc of Bridge Structural
EIN
42-0336965
Phone
3193658675
Address
1112 29TH AVENUE SW, CEDAR RAPIDS, IA 52404
Doing Business As
Ironworkers Local 89

Signing Officer

Name
Troy Sauter
Title
Financial Secretary
Phone
3193658675
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Troy Sauter
Formed
1905
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
12

Preparer

Firm
Hogan - Hansen Pc
Address
2750 FIRST AVENUE NE SUITE 150, CEDAR RAPIDS, IA 52402-4800
Preparer
Kevin L Ballard CPA
Phone
3193668267
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To be a bargaining agent for 427 members of local 89.

Form 990, Part XI, Line 9

Rental expenses 2,126 rental expenses -2,126

Financial Statement Notes

Schedule D, Page 3, Part X

Management annually makes an appropriate evaluation of any uncertain income tax positions based upon current statutes in completing these financial statements and the notes to the financial statements. As of june 30, 2018, management believes that there were no uncertain income tax positions for which a material change in the unrecognized effect would be reasonably possible within the next 12 months.

Schedule D, Page 4, Part XI, Line 2D

RENTAL EXPENSES 2,126

Schedule D, Page 4, Part XII, Line 2D

RENTAL EXPENSES 2,126

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt031194
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT ANNUALLY MAKES AN APPROPRIATE EVALUATION OF ANY UNCERTAIN INCOME TAX POSITIONS BASED UPON CURRENT STATUTES IN COMPLETING THESE FINANCIAL STATEMENTS AND THE NOTES TO THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2018, MANAGEMENT BELIEVES THAT THERE WERE NO UNCERTAIN INCOME TAX POSITIONS FOR WHICH A MATERIAL CHANGE IN THE UNRECOGNIZED EFFECT WOULD BE REASONABLY POSSIBLE WITHIN THE NEXT 12 MONTHS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 2,126
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO BE A BARGAINING AGENT FOR 427 MEMBERS OF LOCAL 89.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS EMAILED TO THE GOVERNING BODY PRIOR TO THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST AT THE UNION HALL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RENTAL EXPENSES 2,126 RENTAL EXPENSES -2,126
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IRS990/TotalLiabilitiesEOYAmt0451827
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01218266

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.13$0.29$1.84$1.53$1.38$0.15
2024Summary only. Only limited summary data is available for this year.$1.94$0.25$1.69$1.53$1.26$0.26
2023Summary only. Only limited summary data is available for this year.$1.69$0.26$1.42$1.33$1.23$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.25$1.33$1.17$1.21$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$0.46$1.37$1.54$1.49$0.05
2020Summary only. Only limited summary data is available for this year.$1.77$0.46$1.31$0.69$0.69$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.74$0.42$1.32$0.90$0.79$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.67$0.45$1.22$0.71$0.71$0.00
2017Summary only. Only limited summary data is available for this year.$1.69$0.47$1.22$0.78$0.74$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.65$0.48$1.17$0.88$0.78$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.53$0.46$1.07$1.03$0.83$0.20
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.43$0.87$0.79$0.70$0.09
2013Summary only. Only limited summary data is available for this year.$1.18$0.39$0.78$2.99$2.83$0.16
2012Summary only. Only limited summary data is available for this year.$1.04$0.42$0.63$1.51$1.40$0.12
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)5 • $1M-$5M nonprofits