Civic Intelligence

Piping Industry Progress and Education Labor-Management Cooperation Committee

990 • Fiscal year 2015 • EIN 95-3942172

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 04, 2016

501 Shatto Pl Ste 200Los Angeles, CA 90020

(213) 382-5255

Siviq Scores

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

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2015 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

49th percentile

0.07x

Higher debt load relative to revenue than 49% of similar nonprofits.

2015 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2015

Net Margin

93rd percentile

39%

Higher net margin than 93% of similar nonprofits.

2015 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

31st percentile

$174,935

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2015 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2015

Asset Growth

86th percentile

19%

Faster asset growth than 86% of similar nonprofits.

2015 filings • 501(c)5 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

96th percentile

39%

Faster revenue growth than 96% of similar nonprofits.

2015 filings • 501(c)5 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$12,940,500

Up $2,081,030 (+19%) from 2014

Net Assets

Up

$12,530,309

Up $2,064,740 (+20%) from 2014

Liabilities

Up

$410,191

Up $16,290 (+4.1%) from 2014

Revenue

Up

$5,867,099

Up $1,639,051 (+39%) from 2014

Expenses

Up

$3,567,033

Up $258,240 (+7.8%) from 2014

Net Income

Up

$2,300,066

Up $1,380,811 (+150%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $8,598,684Liabilities 2011: $182,096Net Assets 2011: $8,416,5882011Assets 2012: $9,360,724Liabilities 2012: $233,528Net Assets 2012: $9,127,1962012Assets 2013: $9,648,590Liabilities 2013: $183,522Net Assets 2013: $9,465,0682013Assets 2014: $10,859,470Liabilities 2014: $393,901Net Assets 2014: $10,465,5692014Assets 2015: $12,940,500Liabilities 2015: $410,191Net Assets 2015: $12,530,3092015Assets 2016: $14,520,969Liabilities 2016: $326,375Net Assets 2016: $14,194,5942016Assets 2017: $17,606,949Liabilities 2017: $410,752Net Assets 2017: $17,196,1972017Assets 2018: $19,585,986Liabilities 2018: $1,916,070Net Assets 2018: $17,669,9162018Assets 2019: $22,340,829Liabilities 2019: $1,723,067Net Assets 2019: $20,617,7622019Assets 2020: $25,205,137Liabilities 2020: $1,585,389Net Assets 2020: $23,619,7482020Assets 2021: $27,513,012Liabilities 2021: $1,546,061Net Assets 2021: $25,966,9512021Assets 2022: $22,610,205Liabilities 2022: $2,009,245Net Assets 2022: $20,600,9602022Assets 2023: $16,633,486Liabilities 2023: $1,528,743Net Assets 2023: $15,104,7432023Assets 2024: $24,207,426Liabilities 2024: $4,291,337Net Assets 2024: $19,916,0892024

Highlighted filing

2015

Assets$12,940,500
Liabilities$410,191
Net Assets$12,530,309

Operations Trend

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

$15M$10M$5.0M$0-$5.0M-$10MRevenue 2011: $2,682,502Expenses 2011: $3,121,413Net Income 2011: -$438,9112011Revenue 2012: $3,245,508Expenses 2012: $2,888,235Net Income 2012: $357,2732012Revenue 2013: $3,083,170Expenses 2013: $3,160,735Net Income 2013: -$77,5652013Revenue 2014: $4,228,048Expenses 2014: $3,308,793Net Income 2014: $919,2552014Revenue 2015: $5,867,099Expenses 2015: $3,567,033Net Income 2015: $2,300,0662015Revenue 2016: $5,582,957Expenses 2016: $3,762,320Net Income 2016: $1,820,6372016Revenue 2017: $6,008,451Expenses 2017: $4,228,036Net Income 2017: $1,780,4152017Revenue 2018: $5,656,233Expenses 2018: $3,680,863Net Income 2018: $1,975,3702018Revenue 2019: $6,089,044Expenses 2019: $4,154,803Net Income 2019: $1,934,2412019Revenue 2020: $5,707,940Expenses 2020: $3,757,182Net Income 2020: $1,950,7582020Revenue 2021: $6,121,246Expenses 2021: $4,616,601Net Income 2021: $1,504,6452021Revenue 2022: $7,071,471Expenses 2022: $11,650,162Net Income 2022: -$4,578,6912022Revenue 2023: $7,827,923Expenses 2023: $13,726,699Net Income 2023: -$5,898,7762023Revenue 2024: $9,691,981Expenses 2024: $5,522,841Net Income 2024: $4,169,1402024

Highlighted filing

2015

Revenue$5,867,099
Expenses$3,567,033
Net Income$2,300,066
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 4, 2016
Return Version
2015v2.1
Gross Receipts
$5,867,099
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$6,161,624$6,070,397▼ $91,227
Savings and Temporary Cash Investments$858,977$2,261,091▲ $1,402,114
Accounts Receivable$1,553,422$1,954,866▲ $401,444
Investments in Publicly Traded Securities$1,895,828$1,808,614▼ $87,214
Cash and Non-Interest-Bearing Accounts$169,267$615,170▲ $445,903
Land, Buildings, and Equipment, Net$187,461$166,546▼ $20,915
Prepaid Expenses and Deferred Charges$32,891$63,816▲ $30,925
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$10,859,470$12,940,500▲ $2,081,030
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$393,901$410,191▲ $16,290
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$393,901$410,191▲ $16,290
Net Assets / Fund Balance
Unrestricted Net Assets$10,465,569$12,530,309▲ $2,064,740
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$10,465,569$12,530,309▲ $2,064,740
Total Liabilities and Net Assets / Fund Balance$10,859,470$12,940,500▲ $2,081,030

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$23,937$85,264$109,201
Investment Program Related Org$-392,645--
Equipment$142,609$261,061$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mike MasseyExecutive DirectorFT$174,935$174,935
Jaime ValdiviaExecutive DirectorFT$150,561$150,561
David OttersteinExecutive DirectorFT$148,611$148,611
Jarrod FerrucioCFO/director of MarketingFT$101,027$101,027

Board Members and Trustees

NameTitle
Jay ChaseChairman/trustee
Charles MartinVice Chairman/trustee
Ray LevangieASST. SEC'Y/TREAS./TRUSTEE
Mike LaytonSecretary/treas/trustee
Bill ThompsonTrustee
Bryan SmithTrustee
David ZechTrustee
Don BeckaTrustee
Don OdomTrustee
Don TanakaTrustee
George HamoriTrustee
Glenn Santa CruzTrustee
Jaimi LomasTrustee
James CunninghamTrustee
Jay LusitaTrustee
Jeff ThomasTrustee
Jeremiah AshmoreTrustee
Ken JenkinsTrustee
Matt CalabreseTrustee
Michael DavisTrustee
Michael LopezTrustee
Ray AngonTrustee
Richard SawhillTrustee
Shane BostonTrustee
Steve FosdickTrustee
Steven GomezTrustee
Todd GoldenTrustee
Vincent DiazTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,667,425
Investment Income
$57,807
Other Revenue
$141,867
Change in Net Assets
$2,300,066

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,867,099
Revenue Not Reported on Form 990
$1,716,543
Total Revenue per Audited Statements
$7,583,642
Total Revenue per Form 990
$5,867,099
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,623,102
Salaries, Compensation, and Employee Benefits$943,931
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$1,363,998
Current Officers, Directors, Trustees, and Key Employees---$575,134
Other Employee Benefits---$245,849
Advertising---$157,091
Occupancy---$134,633
Fees for Services Accounting---$112,400
Other Expenses---$103,940
Other Salaries and Wages---$72,731
Fees for Services Legal---$61,017
Conferences and Meetings---$52,817
Payroll Taxes---$50,217
Depreciation Depletion---$47,836
Information Technology---$34,357
Insurance---$31,390
Travel---$28,494
All Other Expenses---$22,451
Total Functional Expenses$0$0$0$3,567,033

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,518,902
Expenses per Audited Statements$3,567,033
Total Expenses per Form 990$3,567,033
Expenses Not Reported on Form 990$1,951,869
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Piping Industry Progress and Education
EIN
95-3942172
In Care Of
% JARROD FERRUCCIO
Phone
2133825255
Address
501 SHATTO PL STE 200, LOS ANGELES, CA 90020

Signing Officer

Name
Jarrod Ferruccio
Title
CFO
Phone
8004577473
Signed
2016-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
jay chase
Formed
1985
Legal Domicile
CA
Voting Board Members
28
Independent Board Members
28
Employees
14
Volunteers
0

Preparer

Firm
Miller Kaplan Arase Llp
Address
4123 LANKERSHIM BLVD, NORTH HOLLYWOOD, CA 91602-2828
Preparer
Edmond Avaness CPA
Phone
8187692010
Supplemental Narrative

Additional Explanations

PART I - LINE 1; PART III - LINES 1 AND 4A:

TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT IN THE SOUTHERN CALIFORNIA PLUMBING AND PIPEFITTING INDUSTRY; TO PROVIDE WORKERS AND EMPLOYERS WITH OPPORTUNITIES TO STUDY AND EXPLORE NEW AND INNOVATIVE JOINT APPROACHES TO ACHIEVING ORGANIZATIONAL EFFECTIVENESS; TO STUDY AND EXPLORE WAYS OF ELIMINATING POTENTIAL PROBLEMS WHICH REDUCE THE COMPETITIVENESS AND INHIBIT THE ECONOMIC DEVELOPMENT OF THE PLANT, AREA OR INDUSTRY; TO FOSTER IMPROVEMENTS IN OCCUPATIONAL SAFETY AND HEALTH AND OTHER WORKING CONDITIONS IN THE SOUTHERN CALIFORNIA PLUMBING AND PIPEFITTING INDUSTRY; AND TO ENGAGE IN ANY OTHER LAWFUL ACTIVITIES INCIDENTAL OR RELATED TO THE ACCOMPLISHMENT OF THESE PURPOSES. PART VI, LINE 6: THE ORGANIZATION HAS MEMBERS IN THE FORM OF WORKERS AND EMPLOYERS. HOWEVER, THE MEMBERS DO NOT ELECT MEMBERS OF THE GOVERNING BODY NOR ARE ANY DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL BY THE MEMBERS. PART VI, LINE 8B: THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. PART VI, LINE 9: MIKE MASSEY, EXECUTIVE DIRECTOR, HAD HIS EMPLOYMENT TERMINATED DURING THE YEAR. PART VI, LINE 11B: FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTORS AND THE ACCOUNTANT. PART VI, line 12c: ALL EMPLOYEES AND TRUSTEES ARE REQUIRED TO INFORM THE EXECUTIVE DIRECTOR OF ANY CONFLICTS. ON A REGULAR BASIS, THE EXECUTIVE DIRECTOR INQUIRES ABOUT CHANGES REGARDING CONFLICTS. PART VI, line 15: THE SALARY AND BENEFIT PACKAGE OF THE EXECUTIVE DIRECTOR IS SET AFTER COMPARISON TO OTHER EXECUTIVE DIRECTORS IN COMPARABLE POSITIONS. THE PERFORMANCE OF THE EXECUTIVE DIRECTOR IS REVIEWED BY THE BOARD FIVE TIMES PER YEAR. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES SALARY AND BENEFIT PACKAGES ANNUALLY. THE FULL BOARD ALSO APPROVES. THE SAME PROCESS IS USED FOR OTHER KEY EMPLOYEES. PART VI, line 16B: ALTHOUGH NOT WRITTEN, P.I.P.E. HAS PROCEDURES IN PLACE TO EVALUATE ANY JOINT VENTURE AGREEMENT BY DETERMINING WHETHER SAID JOINT VENTURE APPEARS TO FOLLOW THE ESTABLISHED PATTERN IN SAFEGUARDING PIPE'S EXEMPT STATUS. AFTER STAFF PERFORMS ITS REVIEW, LEGAL COUNSEL IS SOUGHT TO APPROVE APPLICABILITY. PART VI, line 19: ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS, INCLUDING FORM 990, ARE AVAILABLE TO THE PUBLIC UPON REQUEST, AT THE ORGANIZATION'S PLACE OF BUSINESS.

Financial Statement Notes

PART X LINE 2:

P.i.p.e. Has adopted financial accounting standards board (fasb) guidance on accounting for uncertainty in income taxes. Management evaluated the tax positions and concluded that p.i.p.e. Has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. At december 31, 2015, tax returns for p.i.p.e. For the year ended december 31, 2012 and subsequent are subject to examination by taxing authorities. For nitc, tax returns for the year ended december 31, 2013 and subsequent are subject to examination by taxing authorities. Part xi, line 2d: revenue of subsidiary included in consolidated financial statements $1,951,869 part xii, line 2d: expenses of subsidiary included in consolidated financial statements $2,311,706 expenses eliminated upon consolidation (359,837) $1,951,869

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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
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IRS990/Form990PartVIISectionAGrp/PersonNm4BRYAN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm5RICHARD SAWHILL
IRS990/Form990PartVIISectionAGrp/PersonNm6SHANE BOSTON
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMES CUNNINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm8MICHAEL DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm9STEVE FOSDICK
IRS990/Form990PartVIISectionAGrp/PersonNm10GEORGE HAMORI
IRS990/Form990PartVIISectionAGrp/PersonNm11DON TANAKA
IRS990/Form990PartVIISectionAGrp/PersonNm12VINCENT DIAZ
IRS990/Form990PartVIISectionAGrp/PersonNm13JEREMIAH ASHMORE
IRS990/Form990PartVIISectionAGrp/PersonNm14JAY CHASE
IRS990/Form990PartVIISectionAGrp/PersonNm15MATT CALABRESE
IRS990/Form990PartVIISectionAGrp/PersonNm16JAY LUSITA
IRS990/Form990PartVIISectionAGrp/PersonNm17DON ODOM
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IRS990/Form990PartVIISectionAGrp/PersonNm22BILL THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm23DAVID ZECH
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IRS990/Form990PartVIISectionAGrp/PersonNm25TODD GOLDEN
IRS990/Form990PartVIISectionAGrp/PersonNm26JAIMI LOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm27KEN JENKINS
IRS990/Form990PartVIISectionAGrp/PersonNm28MIKE MASSEY
IRS990/Form990PartVIISectionAGrp/PersonNm29Jaime Valdivia
IRS990/Form990PartVIISectionAGrp/PersonNm30David Otterstein
IRS990/Form990PartVIISectionAGrp/PersonNm31JARROD FERRUCIO
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY/TREAS/TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN/TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2ASST. SEC'Y/TREAS./TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAIRMAN/TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt30Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt31CFO/DIRECTOR OF MARKETING
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IRS990/MissionDesc0SEE SCHEDULE O

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.2$4.29$19.9$9.69$5.52$4.17
2023Summary only. Only limited summary data is available for this year.$16.6$1.53$15.1$7.83$13.7$5.90
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.6$2.01$20.6$7.07$11.7$4.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$1.55$26.0$6.12$4.62$1.50
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.2$1.59$23.6$5.71$3.76$1.95
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.3$1.72$20.6$6.09$4.15$1.93
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$1.92$17.7$5.66$3.68$1.98
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.6$0.41$17.2$6.01$4.23$1.78
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.5$0.33$14.2$5.58$3.76$1.82
2015Detailed filing. Detailed filing data is available for this year.$12.9$0.41$12.5$5.87$3.57$2.30
2014Detailed filing. Detailed filing data is available for this year.$10.9$0.39$10.5$4.23$3.31$0.92
2013Summary only. Only limited summary data is available for this year.$9.65$0.18$9.47$3.08$3.16$0.08
2012Summary only. Only limited summary data is available for this year.$9.36$0.23$9.13$3.25$2.89$0.36
2011Summary only. Only limited summary data is available for this year.$8.60$0.18$8.42$2.68$3.12$0.44