Civic Intelligence

Labor Management Cooperation Trust of Painters' & Allied Trades Dis Counc #7

990 • Fiscal year 2019 • EIN 47-6723874

Jun 01, 2018 to May 31, 2019 • Filed on Apr 03, 2020

2901 W Beltline Hwy No 100Madison, WI 53713-4231

(262) 797-7800

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.00x

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

76th percentile

15%

Higher net margin than 76% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

99th percentile

$198,340

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 72.6% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

84th percentile

31%

Faster asset growth than 84% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

-17%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$170,808

Up $40,013 (+31%) from 2018

Net Assets

Up

$170,808

Up $40,013 (+31%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$273,211

Down $54,162 (-17%) from 2018

Expenses

Down

$233,198

Down $146,076 (-39%) from 2018

Net Income

Up

$40,013

Up $91,914 (+177%) from 2018

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2016: $108,219Liabilities 2016: $0Net Assets 2016: $108,2192016Assets 2017: $182,696Liabilities 2017: $0Net Assets 2017: $182,6962017Assets 2018: $130,795Liabilities 2018: $0Net Assets 2018: $130,7952018Assets 2019: $170,808Liabilities 2019: $0Net Assets 2019: $170,8082019Assets 2020: $339,938Liabilities 2020: $0Net Assets 2020: $339,9382020Assets 2021: $396,244Liabilities 2021: $0Net Assets 2021: $396,2442021Assets 2022: $373,735Liabilities 2022: $0Net Assets 2022: $373,7352022Assets 2023: $206,857Liabilities 2023: $0Net Assets 2023: $206,8572023Assets 2024: $433,320Liabilities 2024: $0Net Assets 2024: $433,3202024

Highlighted filing

2019

Assets$170,808
Liabilities$0
Net Assets$170,808

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $237,080Expenses 2016: $178,959Net Income 2016: $58,1212016Revenue 2017: $259,089Expenses 2017: $184,612Net Income 2017: $74,4772017Revenue 2018: $327,373Expenses 2018: $379,274Net Income 2018: -$51,9012018Revenue 2019: $273,211Expenses 2019: $233,198Net Income 2019: $40,0132019Revenue 2020: $382,828Expenses 2020: $213,698Net Income 2020: $169,1302020Revenue 2021: $357,111Expenses 2021: $300,805Net Income 2021: $56,3062021Revenue 2022: $356,230Expenses 2022: $378,739Net Income 2022: -$22,5092022Revenue 2023: $506,222Expenses 2023: $673,100Net Income 2023: -$166,8782023Revenue 2024: $706,079Expenses 2024: $479,616Net Income 2024: $226,4632024

Highlighted filing

2019

Revenue$273,211
Expenses$233,198
Net Income$40,013
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Apr 3, 2020
Return Version
2018v3.1
Gross Receipts
$273,211
Mission and Program Overview

Mission

For labor and management to cooperate and find opportunities to expand their work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$130,795$170,808▲ $40,013
Total Assets$130,795$170,808▲ $40,013
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$130,795$170,808▲ $40,013
Total Net Assets Fund Balance$130,795$170,808▲ $40,013
Total Liabilities and Net Assets / Fund Balance$130,795$170,808▲ $40,013
Compensation and Service Providers

Employees

NameTitleOtherTotal
Brian BaumgartnerUnion Trustee/sec Treasure$145,594$145,594
Andy BuckUnion Trustee$144,203$144,203
Jeff ArnoldUnion Trustee$136,423$136,423
Dean WantyUnion Trustee$127,024$127,024
Travis CaryUnion Trustee$110,400$110,400

Board Members and Trustees

NameTitle
Dan CartledgeEmployer Trustee - Chairma
Andy MarxEmployer Trustee
Greg BoskEmployer Trustee
Greg WolfEmployer Trustee
Jeff HetzelEmployer Trustee
Stan PostorinoEmployer Trustee
Jeff MehroffUnion Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$273,122
Investment Income
$89
Other Revenue
$0
Change in Net Assets
$40,013

Audited Revenue Reconciliation

Revenue per Audited Statements
$273,211
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$273,211
Total Revenue per Form 990
$273,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$233,198
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
Advertising---$22,110
Conferences and Meetings---$3,500
Fees for Services Legal---$3,009
Fees for Services Accounting---$1,800
Fees for Services Management---$667
Other Expenses---$10
Total Functional Expenses$0$0$0$233,198

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$233,198
Total Expenses per Audited Statements$233,198
Total Expenses per Form 990$233,198
Expenses Not Reported on Financial Statements$0
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
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
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

The form 990 is presented to a trustee at the trust office for review and approval prior to filing. The form 990 is then presented to the board of trustees at their subsequent meeting.

Form 990, Part VI, Section C, Line 19

The financial statements of the trust are available upon request and are available for inspection at the trust's office.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Jeff mehroff - p.o. Box 189, big bend, wi 53103-0189. Dean wanty - p.o. Box 189, big bend, wi 53103-0189. Brian baumgartner - p.o. Box 189, big bend, wi 53103-0189. Jeff arnold - p.o. Box 189, big bend, wi 53103-0189. Andy buck - p.o. Box 189, big bend, wi 53103-0189. Travis cary - p.o. Box 189, big bend, wi 53103-0189. Dan cartledge - 1076 western drive, hartford, wi 53027. Stan postorino - 1101 mound ave, racine, wi 53404. Jeff hetzel - n29 w23810 woodgate ct west, pewaukee, wi 53072. Andy marx - 11233 w. Greenfield avenue, west allis, wi 53214. Greg wolf - 902 stewart street, madison, wi 53713. Greg bosk - 2020 n 19th street, escanaba, mi 49829.

Filing and Contact Details

Filer

Filer Name
Labor Management Cooperation Trust of
EIN
47-6723874
Phone
2627977800
Address
2901 W BELTLINE HWY NO 100, MADISON, WI 53713-4231

Signing Officer

Name
Jeff Mehrhoff
Title
Trustee Chairman
Phone
2626621827
Signed
2020-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Baumgartner
Formed
2014
Legal Domicile
Wi
Voting Board Members
10
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Freyberg Hinkle Ashland Powers & Stowell
Address
15420 W CAPITOL DR, BROOKFIELD, WI 53005-2621
Preparer
Thomas M Powers CPA
Phone
2627846210
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of trustees assumes responsibility for oversight of the audit of the trust's financial statements and for the selection of an independent accountant. This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

U.s. Generally accepted accounting principles require management to evaluate tax positions taken by the trust and recognize a tax liability (or asset) if the trust has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The trust is subject to routine audits by taxing jurisdictions; however, no audits are in progress.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0156057
IRS990ScheduleA/Total509Grp/TotalAmt01252345
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0273211
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0327373
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0259089
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0237080
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0186495
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01283248
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IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0233198
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0273211
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE TRUST AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE TRUST HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE TRUST IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, NO AUDITS ARE IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0233198
IRS990ScheduleJ/EquityBasedCompArrngmInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0UNION TRUSTEE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PRESENTED TO A TRUSTEE AT THE TRUST OFFICE FOR REVIEW AND APPROVAL PRIOR TO FILING. THE FORM 990 IS THEN PRESENTED TO THE BOARD OF TRUSTEES AT THEIR SUBSEQUENT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCIAL STATEMENTS OF THE TRUST ARE AVAILABLE UPON REQUEST AND ARE AVAILABLE FOR INSPECTION AT THE TRUST'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2JEFF MEHROFF - P.O. BOX 189, BIG BEND, WI 53103-0189. DEAN WANTY - P.O. BOX 189, BIG BEND, WI 53103-0189. BRIAN BAUMGARTNER - P.O. BOX 189, BIG BEND, WI 53103-0189. JEFF ARNOLD - P.O. BOX 189, BIG BEND, WI 53103-0189. ANDY BUCK - P.O. BOX 189, BIG BEND, WI 53103-0189. TRAVIS CARY - P.O. BOX 189, BIG BEND, WI 53103-0189. DAN CARTLEDGE - 1076 WESTERN DRIVE, HARTFORD, WI 53027. STAN POSTORINO - 1101 MOUND AVE, RACINE, WI 53404. JEFF HETZEL - N29 W23810 WOODGATE CT WEST, PEWAUKEE, WI 53072. ANDY MARX - 11233 W. GREENFIELD AVENUE, WEST ALLIS, WI 53214. GREG WOLF - 902 STEWART STREET, MADISON, WI 53713. GREG BOSK - 2020 N 19TH STREET, ESCANABA, MI 49829.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE TRUST'S FINANCIAL STATEMENTS AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0130795
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0170808
IRS990/TotalOtherCompensationAmt0346541
IRS990/TotalProgramServiceExpensesAmt0184927
IRS990/TotalProgramServiceRevenueAmt0273122
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IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0170808
IRS990/TotReportableCompRltdOrgAmt0515443
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0130795
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0170808
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 189
IRS990/USAddress/CityNm0BIG BEND
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd0531030189
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-09-10 13:11:23Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF MEHRHOFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02626621827
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LABOR MANAGEMENT COOPERATION TRUST OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PAINTERS' & ALLIED TRADES DIS COUNC #7
ReturnHeader/Filer/BusinessNameControlTxt0LABO
ReturnHeader/Filer/EIN0476723874
ReturnHeader/Filer/PhoneNum02627977800
ReturnHeader/Filer/USAddress/AddressLine1Txt02901 W BELTLINE HWY NO 100
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd0537134231
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0CCA3FFBDE7687CE42E9EA09D506C5024DA3E21F0
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0262E238848EA2CE13E4C04D864E02876F3F2A11D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.170.231.5
ReturnHeader/FilingSecurityInformation/IPDt02020-04-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm012:10:42
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391531945
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FREYBERG HINKLE ASHLAND POWERS & STOWELL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015420 W CAPITOL DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BROOKFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0530052621
ReturnHeader/PreparerPersonGrp/PhoneNum02627846210
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS M POWERS CPA
ReturnHeader/ReturnTs02020-04-14T13:17:09-05:00
ReturnHeader/ReturnTypeCd0990

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