The Members Retirement Plan
- Assets
- $709.0m
- Revenue
- $64.6m
- Investments
- $503.4m
- Employees
- 6
- Location
- Carol Stream, IL
- Founding
- 06/1971
- Data as of
- 06/2022
- EIN
- 36-2164320
Organization Overview
The Members Retirement Plan is located in Carol Stream, IL. The organization was established in 1971. According to its NTEE Classification (Y30) the organization is classified as: Pension & Retirement Funds, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2022, Members Retirement Plan employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Members Retirement Plan is a 501(c)(18) and as such, is described as a "Employee Funded Pension Trust" by the IRS.
For the year ending 06/2022, Members Retirement Plan generated $64.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $90.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MULTIPLE UNION PENSION PROGRAM PROVIDING BENEFITS TO PARTICIPANTS BASED ON THEIR CONTRIBUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTIPLE UNION PENSION PROGRAM PROVIDING BENEFITS TO PARTICIPANTS BASED ON THEIR CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Lopresti Chairman, Board Of Trustee | OfficerTrustee | 5 | $0 |
Kevin Moore Vice Chairman, Board Of Tr | OfficerTrustee | 5 | $0 |
Michael Stafford Secretary | OfficerTrustee | 5 | $0 |
Perry Kettner Trustee | Trustee | 5 | $0 |
Joseph Inemer Jr Trustee | Trustee | 5 | $0 |
Michael Consolino Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mehlman Castagnetti Rosen & Thomas Lobbying Firm | 6/29/22 | $300,000 |
State Street Global Advisors Investment Management | 6/29/22 | $228,001 |
Northern Trust Company Investment Management | 6/29/22 | $203,273 |
Marquette Associates Investment Consultant | 6/29/22 | $180,000 |
The Segal Company Actuarial Firm | 6/29/22 | $173,343 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,546,773 |
| Investment income | $11,597,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,602 |
| Net Gain/Loss on Asset Sales | $28,991,873 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,567,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $88,087,825 |
| Compensation of current officers, directors, key employees. | $206,311 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $297,766 |
| Pension plan accruals and contributions | $18,973 |
| Other employee benefits | $65,044 |
| Payroll taxes | $34,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $195,243 |
| Fees for services: Accounting | $62,828 |
| Fees for services: Lobbying | $244,979 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $832,579 |
| Fees for services: Other | $152,997 |
| Advertising and promotion | $0 |
| Office expenses | $295,714 |
| Information technology | $160,176 |
| Royalties | $0 |
| Occupancy | $25,897 |
| Travel | $15,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,069 |
| Insurance | $132,094 |
| All other expenses | $0 |
| Total functional expenses | $90,830,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,885,079 |
| Savings and temporary cash investments | $4,630,658 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $907,669 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $69,734 |
| Net Land, buildings, and equipment | $4,651 |
| Investments—publicly traded securities | $192,096,569 |
| Investments—other securities | $503,438,338 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $709,032,698 |
| Accounts payable and accrued expenses | $287,826 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500,028 |
| Total liabilities | $787,854 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $708,244,844 |
| Total liabilities and net assets/fund balances | $709,032,698 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Members Retirement Plan Carol Stream, IL | $709,032,698 | $64,567,329 |
Pds Veba Tr Des Moines, IA | $78,364 | $30,446,712 |
Ipers Galleria North Tower I Inc Chicago, IL | $60,093,661 | $8,429,903 |
Ipers Rivergate Inc Chicago, IL | $65,284,276 | $5,819,714 |
Ipers Hamilton Marketplace Inc Chicago, IL | $58,336,629 | $4,425,739 |
Hub Industrial Inc Chicago, IL | $44,008,034 | $1,612,478 |
Village Discount Outlet Participant Benefit Trust Blue Island, IL | $72,738 | $312,585 |
Midwest Unitarian Universalist Foundation Chicago, IL | $4,201,515 | $199,063 |
Irwin Management Company Inc Voluntary Employee Beneficiary Evansville, IN | $2,160,406 | $201,429 |
Crescent Hill Cemetery Assn Adrian, MO | $457,443 | $0 |