Civic Intelligence

Plasterers & Cement Masons Local No 148

990 • Fiscal year 2018 • EIN 58-0374325

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 11, 2019

4100 Ml King Jr Dr SWAtlanta, GA 30336

(404) 696-9500

Siviq Scores

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

Liabilities / Assets

90th percentile

0.27x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

0.58x

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

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Net Margin

58th percentile

7.2%

Higher net margin than 58% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Asset Growth

47th percentile

1.8%

Faster asset growth than 47% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

36th percentile

-1.0%

Faster revenue growth than 36% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$619,781

Up $11,053 (+1.8%) from 2017

Net Assets

Up

$450,601

Up $20,765 (+4.8%) from 2017

Liabilities

Down

$169,180

Down $9,712 (-5.4%) from 2017

Revenue

Down

$289,713

Down $2,813 (-1.0%) from 2017

Expenses

Down

$268,948

Down $69,026 (-20%) from 2017

Net Income

Up

$20,765

Up $66,213 (+146%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $517,445Liabilities 2011: $4,273Net Assets 2011: $513,1722011Assets 2012: $534,409Liabilities 2012: $2,371Net Assets 2012: $532,0382012Assets 2013: $500,127Liabilities 2013: $4,812Net Assets 2013: $495,3152013Assets 2014: $416,956Liabilities 2014: $5,564Net Assets 2014: $411,3922014Assets 2015: $359,166Liabilities 2015: $3,975Net Assets 2015: $355,1912015Assets 2016: $292,688Liabilities 2016: $4,616Net Assets 2016: $288,0722016Assets 2017: $608,728Liabilities 2017: $178,892Net Assets 2017: $429,8362017Assets 2018: $619,781Liabilities 2018: $169,180Net Assets 2018: $450,6012018Assets 2019: $718,905Liabilities 2019: $164,024Net Assets 2019: $554,8812019Assets 2020: $753,644Liabilities 2020: $158,390Net Assets 2020: $595,2542020Assets 2021: $512,951Liabilities 2021: $153,425Net Assets 2021: $359,5262021Assets 2022: $374,227Liabilities 2022: $30,098Net Assets 2022: $344,1292022Assets 2023: $351,913Liabilities 2023: $32,646Net Assets 2023: $319,2672023Assets 2024: $344,188Liabilities 2024: $32,537Net Assets 2024: $311,6512024

Highlighted filing

2018

Assets$619,781
Liabilities$169,180
Net Assets$450,601

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $208,879Expenses 2011: $236,627Net Income 2011: -$27,7482011Revenue 2012: $200,464Expenses 2012: $228,580Net Income 2012: -$28,1162012Revenue 2013: $189,143Expenses 2013: $225,866Net Income 2013: -$36,7232013Revenue 2014: $192,006Expenses 2014: $275,929Net Income 2014: -$83,9232014Revenue 2015: $195,542Expenses 2015: $251,743Net Income 2015: -$56,2012015Revenue 2016: $229,409Expenses 2016: $296,528Net Income 2016: -$67,1192016Revenue 2017: $292,526Expenses 2017: $337,974Net Income 2017: -$45,4482017Revenue 2018: $289,713Expenses 2018: $268,948Net Income 2018: $20,7652018Revenue 2019: $412,925Expenses 2019: $308,645Net Income 2019: $104,2802019Revenue 2020: $388,369Expenses 2020: $347,996Net Income 2020: $40,3732020Revenue 2021: $331,483Expenses 2021: $567,211Net Income 2021: -$235,7282021Revenue 2022: $22,147Expenses 2022: $37,544Net Income 2022: -$15,3972022Revenue 2023: $12,415Expenses 2023: $28,608Net Income 2023: -$16,1932023Revenue 2024: $24,139Expenses 2024: $31,755Net Income 2024: -$7,6162024

Highlighted filing

2018

Revenue$289,713
Expenses$268,948
Net Income$20,765
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 11, 2019
Return Version
2018v3.1
Gross Receipts
$289,713
Mission and Program Overview

Mission

To encourage a high standard of skill among its members, thus providing the trade with competent workers; to obtain and maintain a fair standard of wages; to assist each other in securing employment; to protect the jurisdiction of the trade; to thoroughly organize the unorganized working at our crafts for mutual benefit, protection and general well-being; and to advance and elevate the moral, intellectual, social and financial condition of all its members.

To serve the best interests of all its members

Balance Sheet Detail
LineBeginningEndChange
Assets
Receivables From Officers Etc$178,684$178,684→ $0
Savings and Temporary Cash Investments$163,840$166,362▲ $2,522
Land, Buildings, and Equipment, Net$130,067$135,582▲ $5,515
Cash and Non-Interest-Bearing Accounts$118,793$121,809▲ $3,016
Other Notes and Loans Receivable, Net$17,344$17,344→ $0
Total Assets$608,728$619,781▲ $11,053
Liabilities
Other Liabilities$134,705$134,705→ $0
Accounts Payable and Accrued Expenses$44,187$34,475▼ $9,712
Total Liabilities$178,892$169,180▼ $9,712
Net Assets / Fund Balance
Unrestricted Net Assets$429,836$450,601▲ $20,765
Total Net Assets Fund Balance$429,836$450,601▲ $20,765
Total Liabilities and Net Assets / Fund Balance$608,728$619,781▲ $11,053

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$61,832$297,825$359,657
Land$73,750-$73,750
Equipment$0$35,585$35,585
Other Land Buildings$0$33,168$33,168
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wayne LaffitteInternational Trustee/business Mngr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$257,933
Investment Income
$2,521
Other Revenue
$29,259
Change in Net Assets
$20,765

Audited Revenue Reconciliation

Revenue per Audited Statements
$289,713
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$289,713
Total Revenue per Form 990
$289,713
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$163,510
Other Expenses$103,863
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$116,653
Occupancy---$27,624
Other Employee Benefits---$20,633
Pension Plan Contributions---$16,158
Conferences and Meetings---$13,863
Fees for Services Legal---$13,758
Office Expenses---$11,229
Payroll Taxes---$10,066
Travel---$9,308
Depreciation Depletion---$8,066
Payments to Affiliates---$7,006
Fees for Services Accounting---$3,877
Insurance---$3,311
Benefits to Members---$1,575
Other Expenses---$21
Total Functional Expenses$0$0$0$268,948

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$268,948
Total Expenses per Audited Statements$268,948
Total Expenses per Form 990$268,948
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
In-house lobbying only
No
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$178,684$178,684→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Allowance on Collectability of Due From Former Officer and Employees$121,028
Security Deposits Held$10,000
Dues Overpayments Payable to Member$3,556
Due to Related Party$121
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Plasterers & cement masons local no. 148 is a membership organization. Membership to the local is described in article iv of its by-laws.

Form 990, Part VI, Section A, Line 7A

Plasterers & cement masons local 148 eligible members in good standing appoint officers of the governing body through an election process. Election of the officers is discussed in articles 7 & 8 of the organization's by by-laws.

Form 990, Part VI, Section A, Line 7B

A two thirds vote of members in good standing, who are present at the specified special meeting, is required to adopt amendments to the plasterers & cement masons local no. 148's constitution and by-laws. Amendments are described in article xxi of the organization's by-laws.

Form 990, Part VI, Section A, Line 8B

There is no committee with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The plasterers & cement masons local no. 148's form 990 is prepared by its independent public accountant who then forwards the completed return to the local's governing body for review and signature prior to filing.

Form 990, Part VI, Section B, Line 12C

The executive board meets monthly, at which time reviews all policies in place have been adhered to and strictly enforced.

Form 990, Part VI, Section C, Line 19

The organization does not make available to the public its governing documents, conflict of interest policy or financial statements.

Filing and Contact Details

Filer

Filer Name
Plasterers & Cement Masons Local
EIN
58-0374325
Phone
4046969500
Address
4100 ML KING JR DR SW, ATLANTA, GA 30336

Signing Officer

Name
Wayne Laffitte
Title
Trustee
Phone
4046969500
Signed
2019-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wayne Laffitte
Formed
1967
Legal Domicile
Ga
Voting Board Members
1
Independent Board Members
0
Employees
3
Volunteers
0

Preparer

Firm
Novak Francella LLC
Address
ONE PRESIDENTIAL BLVD SUITE 330, BALA CYNWYD, PA 19004
Preparer
Louis Verzella
Phone
6106689400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The local is exempt from federal income taxes under section 501(c)(5) of the internal revenue code and, therefore, no provision for taxes has been recorded. Management is required to evaluate tax positions taken by the local and recognize a tax liability if the local has taken an uncertain position that, more likely than not, would not be sustained upon examination by the u.s. Federal, state, or local taxing authorities. The local is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Typically, tax years will remain open for three years; however, this may differ depending upon the circumstances of the local.

Raw XML Appendix335 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0FORMER BUSINESS MGR/FIN. SECRETARY/TREASURER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt0178684
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PLASTERERS & CEMENT MASONS LOCAL NO. 148 IS A MEMBERSHIP ORGANIZATION. MEMBERSHIP TO THE LOCAL IS DESCRIBED IN ARTICLE IV OF ITS BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PLASTERERS & CEMENT MASONS LOCAL 148 ELIGIBLE MEMBERS IN GOOD STANDING APPOINT OFFICERS OF THE GOVERNING BODY THROUGH AN ELECTION PROCESS. ELECTION OF THE OFFICERS IS DISCUSSED IN ARTICLES 7 & 8 OF THE ORGANIZATION'S BY BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A TWO THIRDS VOTE OF MEMBERS IN GOOD STANDING, WHO ARE PRESENT AT THE SPECIFIED SPECIAL MEETING, IS REQUIRED TO ADOPT AMENDMENTS TO THE PLASTERERS & CEMENT MASONS LOCAL NO. 148'S CONSTITUTION AND BY-LAWS. AMENDMENTS ARE DESCRIBED IN ARTICLE XXI OF THE ORGANIZATION'S BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PLASTERERS & CEMENT MASONS LOCAL NO. 148'S FORM 990 IS PREPARED BY ITS INDEPENDENT PUBLIC ACCOUNTANT WHO THEN FORWARDS THE COMPLETED RETURN TO THE LOCAL'S GOVERNING BODY FOR REVIEW AND SIGNATURE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE BOARD MEETS MONTHLY, AT WHICH TIME REVIEWS ALL POLICIES IN PLACE HAVE BEEN ADHERED TO AND STRICTLY ENFORCED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DOES NOT MAKE AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0608728
IRS990/TotalAssetsEOYAmt0619781
IRS990/TotalAssetsGrp/BOYAmt0608728
IRS990/TotalAssetsGrp/EOYAmt0619781
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt0268948
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0178892
IRS990/TotalLiabilitiesEOYAmt0169180
IRS990/TotalLiabilitiesGrp/BOYAmt0178892
IRS990/TotalLiabilitiesGrp/EOYAmt0169180
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0429836
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0450601
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0257933
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt031780
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0257933
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0289713
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0608728
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0619781
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt09308
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0429836
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0450601
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04100 ML KING JR DR SW
IRS990/USAddress/CityNm0ATLANTA
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030336
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WAYNE LAFFITTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum04046969500
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PLASTERERS & CEMENT MASONS LOCAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0NO 148
ReturnHeader/Filer/BusinessNameControlTxt0PLAS
ReturnHeader/Filer/EIN0580374325
ReturnHeader/Filer/PhoneNum04046969500
ReturnHeader/Filer/USAddress/AddressLine1Txt04100 ML KING JR DR SW
ReturnHeader/Filer/USAddress/CityNm0ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030336
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0214E2DE4754F8F73DD572B34B07E6CCBC316F7C9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0162.211.205.39
ReturnHeader/FilingSecurityInformation/IPDt02019-06-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:53:59
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611436956
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NOVAK FRANCELLA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE PRESIDENTIAL BLVD SUITE 330
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BALA CYNWYD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019004
ReturnHeader/PreparerPersonGrp/PhoneNum06106689400
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LOUIS VERZELLA
ReturnHeader/ReturnTs02019-06-11T15:54:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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.$3.44$0.33$3.12$0.24$0.32$0.08
2023Detailed filing. Detailed filing data is available for this year.$3.52$0.33$3.19$0.12$0.29$0.16
2022Detailed filing. Detailed filing data is available for this year.$3.74$0.30$3.44$0.22$0.38$0.15
2021Detailed filing. Detailed filing data is available for this year.$5.13$1.53$3.60$3.31$5.67$2.36
2020Detailed filing. Detailed filing data is available for this year.$7.54$1.58$5.95$3.88$3.48$0.40
2019Detailed filing. Detailed filing data is available for this year.$7.19$1.64$5.55$4.13$3.09$1.04
2018Detailed filing. Detailed filing data is available for this year.$6.20$1.69$4.51$2.90$2.69$0.21
2017Detailed filing. Detailed filing data is available for this year.$6.09$1.79$4.30$2.93$3.38$0.45
2016Detailed filing. Detailed filing data is available for this year.$2.93$0.05$2.88$2.29$2.97$0.67
2015Detailed filing. Detailed filing data is available for this year.$3.59$0.04$3.55$1.96$2.52$0.56
2014Detailed filing. Detailed filing data is available for this year.$4.17$0.06$4.11$1.92$2.76$0.84
2013Summary only. Only limited summary data is available for this year.$5.00$0.05$4.95$1.89$2.26$0.37
2012Summary only. Only limited summary data is available for this year.$5.34$0.02$5.32$2.00$2.29$0.28
2011Summary only. Only limited summary data is available for this year.$5.17$0.04$5.13$2.09$2.37$0.28