Civic Intelligence

Michigan Statewide Carpenters and Millwrights Joint Appr Train Fund

990 • Fiscal year 2016 • EIN 47-1972321

Sep 01, 2015 to Aug 31, 2016 • Filed on Apr 20, 2016

Organization ProfileN/A
6525 Centurion DriveLansing, MI 48917-9275

(248) 541-2740

Siviq Scores

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

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

11th percentile

0.01x

Higher debt load relative to revenue than 11% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

70th percentile

10%

Higher net margin than 70% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

74th percentile

$189,301

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

68th percentile

7.0%

Faster asset growth than 68% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

71st percentile

12%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$6,491,474

Up $427,404 (+7.0%) from 2015

Net Assets

Up

$6,434,250

Up $468,593 (+7.9%) from 2015

Liabilities

Down

$57,224

Down $41,189 (-42%) from 2015

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin70th percentile

Revenue

Up

$4,816,544

Up $527,305 (+12%) from 2015

Expenses

Up

$4,328,832

Up $453,171 (+12%) from 2015

Net Income

Up

$487,712

Up $74,134 (+18%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$60M$40M$20M$0Assets 2015: $6,064,070Liabilities 2015: $98,413Net Assets 2015: $5,965,6572015Assets 2016: $6,491,474Liabilities 2016: $57,224Net Assets 2016: $6,434,2502016Assets 2017: $7,408,304Liabilities 2017: $50,774Net Assets 2017: $7,357,5302017Assets 2018: $8,852,360Liabilities 2018: $90,550Net Assets 2018: $8,761,8102018Assets 2019: $13,987,281Liabilities 2019: $3,233,908Net Assets 2019: $10,753,3732019Assets 2020: $21,495,765Liabilities 2020: $7,420,207Net Assets 2020: $14,075,5582020Assets 2021: $41,111,289Liabilities 2021: $22,920,652Net Assets 2021: $18,190,6372021Assets 2022: $50,142,323Liabilities 2022: $28,065,949Net Assets 2022: $22,076,3742022Assets 2023: $49,608,595Liabilities 2023: $26,314,593Net Assets 2023: $23,294,0022023Assets 2024: $51,268,595Liabilities 2024: $22,769,506Net Assets 2024: $28,499,0892024Assets 2025: $48,303,675Liabilities 2025: $14,289,011Net Assets 2025: $34,014,6642025

Highlighted filing

2016

Assets$6,491,474
Liabilities$57,224
Net Assets$6,434,250
Open 2016 Filing

Operations Trend

Revenue Growth71st percentile

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

$20M$15M$10M$5.0M$0Revenue 2015: $4,289,239Expenses 2015: $3,875,661Net Income 2015: $413,5782015Revenue 2016: $4,816,544Expenses 2016: $4,328,832Net Income 2016: $487,7122016Revenue 2017: $5,701,400Expenses 2017: $4,818,563Net Income 2017: $882,8372017Revenue 2018: $6,690,710Expenses 2018: $5,212,373Net Income 2018: $1,478,3372018Revenue 2019: $8,175,743Expenses 2019: $6,216,185Net Income 2019: $1,959,5582019Revenue 2020: $9,822,311Expenses 2020: $6,524,685Net Income 2020: $3,297,6262020Revenue 2021: $11,191,955Expenses 2021: $7,198,140Net Income 2021: $3,993,8152021Revenue 2022: $12,507,573Expenses 2022: $8,621,836Net Income 2022: $3,885,7372022Revenue 2023: $10,108,775Expenses 2023: $8,891,147Net Income 2023: $1,217,6282023Revenue 2024: $14,479,567Expenses 2024: $9,274,479Net Income 2024: $5,205,0882024Revenue 2025: $16,633,988Expenses 2025: $11,118,413Net Income 2025: $5,515,5752025

Highlighted filing

2016

Revenue$4,816,544
Expenses$4,328,832
Net Income$487,712
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Apr 20, 2016
Return Version
2015v3.0
Gross Receipts
$5,910,588
Mission and Program Overview

Mission

To provide education, training, and related benefits to eligible participants of the fund, through a taft hartley collectively barganined agreement.

To provide education, training, and related benefits to eligible participants of the fund.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,512,637$2,850,041▲ $337,404
Land, Buildings, and Equipment, Net$2,463,501$2,321,003▼ $142,498
Cash and Non-Interest-Bearing Accounts$323,028$501,939▲ $178,911
Accounts Receivable$364,544$426,382▲ $61,838
Prepaid Expenses and Deferred Charges$68,596$63,425▼ $5,171
Savings and Temporary Cash Investments$46,579--
Inventories for Sale or Use$55,903$41,571▼ $14,332
Total Assets$6,064,070$6,491,474▲ $427,404
Other Assets Total$229,282$287,113▲ $57,831
Liabilities
Accounts Payable and Accrued Expenses$50,728$48,007▼ $2,721
Other Liabilities$39,439--
Deferred Revenue$8,246$9,217▲ $971
Total Liabilities$98,413$57,224▼ $41,189
Net Assets / Fund Balance
Unrestricted Net Assets$5,965,657$6,434,250▲ $468,593
Total Net Assets Fund Balance$5,965,657$6,434,250▲ $468,593
Total Liabilities and Net Assets / Fund Balance$6,064,070$6,491,474▲ $427,404

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,956,277$4,058,334$6,014,611
Equipment$96,040$1,410,374$1,506,414
Land$268,686-$268,686
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donald KisselDirectorFT$119,227$70,074$189,301
Bland David PoletisDirectorFT$97,314$16,002$113,316

Board Members and Trustees

NameTitle
Michael BarnwellChairman
Barbara StrachanTrustee
Bart NickersonTrustee
Bob Spence IiiTrustee
Brian KerriganTrustee
Doyle GobleTrustee
Gary BenjaminTrustee
Harry M Somerset IiiTrustee
Jim SchulzTrustee
Joe BenvenutoTrustee
Kevin KlingerTrustee
Leon TurnwaldTrustee
Michael J Jackson SrTrustee
Tom LutzTrustee
Bill KenneyTrustee- Alt
Larry EstesTrustee- Alt
Phil RuffinTrustee- Alt
Scott D FisherTrustee- Alt
Donna PardonnetSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,330,247
Investment Income
$38,330
Other Revenue
$447,967
Change in Net Assets
$487,712

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,816,544
Revenue Not Reported on Form 990
$-19,119
Total Revenue per Audited Statements
$4,797,425
Total Revenue per Form 990
$4,816,544
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,049,874
Other Expenses$934,604
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,497,048--$1,497,048
Pension Plan Contributions$1,165,136--$1,165,136
Benefits to Members$344,354--$344,354
Occupancy$306,869--$306,869
Current Officers, Directors, Trustees, and Key Employees$230,697--$230,697
Depreciation Depletion$189,802--$189,802
Payroll Taxes$156,993--$156,993
Insurance$80,277--$80,277
Office Expenses$65,707--$65,707
Fees for Services Legal$58,978--$58,978
Fees for Services Management$47,427--$47,427
Conferences and Meetings$42,776--$42,776
Fees for Services Accounting$35,332--$35,332
Other Expenses$15,870--$15,870
Fees for Services Other$11,977--$11,977
Information Technology$10,518--$10,518
Advertising$2,867--$2,867
Fees for Service Investment Mgmnt Fees$1,333--$1,333
Total Functional Expenses$4,328,832$0$0$4,328,832

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,328,832
Total Expenses per Audited Statements$4,328,832
Total Expenses per Form 990$4,328,832
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Amounts Due for Investments-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Management operations of the fund have been assigned to tic international corporation, as a third party administrator.”

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

“Cpa prepares the form 990 and presents to the board of trustees for approval. Once approved, the board chairman signs the e-file authorization and cpa submits the tax return for filing with the irs.”

Form 990, Page 6, Part VI, Line 12C

“As stated in the statement of policy and procedures, trustees are required to disclose any actual or possible conflicts of interest to the rest of the board. If disclosure is necessary, the trustee with the potential conflict of interest discusses with the board, then the board decides amongst itself if a conflict of interest exists. After exercising due diligence, the board will determine, using reasonable efforts, whether a different arrangement can be made that would not cause a conflict of interest or if the arrangement should occur at all. If there is a failure to disclose a conflict of interest and it cannot be reasonably explained, the board will take appropriate actions. All conflict of interest discussions and names of individuals involved will be recorded in the board meeting minutes.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Michigan Statewide Carpenters and
EIN
47-1972321
Phone
2485412740
Address
6525 CENTURION DRIVE, LANSING, MI 48917-9275

Signing Officer

Name
Michael Barnwell
Title
Chairman
Signed
2016-04-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bland David Poletis
Formed
2014
Legal Domicile
Mi
Voting Board Members
16
Independent Board Members
16
Employees
28
Volunteers
19

Preparer

Firm
Bultynck & Co Pllc
Address
15985 CANAL RD, CLINTON TOWNSHIP, MI 48038-5021
Preparer
Christopher Scott Cpapfs Mst
Phone
5862867300
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers consist of uncompensated board of trustees' members.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The fund is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The fund maintains the tax position of its tax- exempt status and does not conduct unrelated business activities. Accordingly, no provisions for income taxes or uncertain tax positions have been reflected in the accompanying financial statements. The fund is generally no longer subject to examination by the internal revenue service for tax years prior to 2014, the first year of the fund.”

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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0TO PROVIDE EDUCATION, TRAINING, AND RELATED BENEFITS TO ELIGIBLE PARTICIPANTS OF THE FUND.
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01165136
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUND MAINTAINS THE TAX POSITION OF ITS TAX- EXEMPT STATUS AND DOES NOT CONDUCT UNRELATED BUSINESS ACTIVITIES. ACCORDINGLY, NO PROVISIONS FOR INCOME TAXES OR UNCERTAIN TAX POSITIONS HAVE BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FUND IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR TAX YEARS PRIOR TO 2014, THE FIRST YEAR OF THE FUND.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DONALD KISSEL

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,491,474
Liabilities
$57,224
Net assets
$6,434,250
Revenue
$4,816,544
Expenses
$4,328,832
Net income
$487,712
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$48.3$14.3$34.0$16.6$11.1$5.52
2024Detailed filing. Detailed filing data is available for this year.$51.3$22.8$28.5$14.5$9.27$5.21
2023Detailed filing. Detailed filing data is available for this year.$49.6$26.3$23.3$10.1$8.89$1.22
2022Detailed filing. Detailed filing data is available for this year.$50.1$28.1$22.1$12.5$8.62$3.89
2021Detailed filing. Detailed filing data is available for this year.$41.1$22.9$18.2$11.2$7.20$3.99
2020Detailed filing. Detailed filing data is available for this year.$21.5$7.42$14.1$9.82$6.52$3.30
2019Detailed filing. Detailed filing data is available for this year.$14.0$3.23$10.8$8.18$6.22$1.96
2018Detailed filing. Detailed filing data is available for this year.$8.85$0.09$8.76$6.69$5.21$1.48
2017Detailed filing. Detailed filing data is available for this year.$7.41$0.05$7.36$5.70$4.82$0.88
2016Detailed filing. Detailed filing data is available for this year.$6.49$0.06$6.43$4.82$4.33$0.49
2015Detailed filing. Detailed filing data is available for this year.$6.06$0.10$5.97$4.29$3.88$0.41