Illinois League Of Financial Institutions
- Assets
- $427.7k
- Revenue
- $552.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Springfield, IL
- Founding
- 05/1944
- Data as of
- 09/2017
- EIN
- 37-0341930
Organization Overview
Illinois League Of Financial Institutions is located in Springfield, IL. The organization was established in 1944. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. As of 09/2017, Illinois League Of Financial Institutions employed 5 individuals. Illinois League Of Financial Institutions is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2017, Illinois League Of Financial Institutions generated $552.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $627.2k during the year ending 09/2017. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 2 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES TO FINANCIAL INSTITUTIONS IN ILLINOIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SERVICES TO FINANCIAL INSTITUTIONS IN ILLINOIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tj Burge Director | Trustee | 2 | $0 |
Karlie Krehbiel Director | Trustee | 2 | $0 |
Ralph Carstensen Director | Trustee | 2 | $0 |
Dane Cleven Director | Trustee | 2 | $0 |
Walter Hasselbring III Director | Trustee | 2 | $0 |
Gary R Nation Director | Trustee | 2 | $0 |
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 | $448,150 |
| Investment income | $575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $552,393 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,978 |
| Pension plan accruals and contributions | $89,266 |
| Other employee benefits | $36,587 |
| Payroll taxes | $22,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,000 |
| Fees for services: Accounting | $6,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,500 |
| Advertising and promotion | $2,442 |
| Office expenses | $12,226 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,194 |
| Travel | $12,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,584 |
| Interest | $388 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,768 |
| Insurance | $6,836 |
| All other expenses | $10,943 |
| Total functional expenses | $627,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,546 |
| Savings and temporary cash investments | $40,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,788 |
| 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 | $86,649 |
| Net Land, buildings, and equipment | $23,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $427,722 |
| Accounts payable and accrued expenses | $131,862 |
| 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 | $6,479 |
| Total liabilities | $138,341 |
| Unrestricted restricted net Assets | $224,476 |
| Temporarily restricted net Assets | $34,177 |
| Permanently restricted net Assets or current funds | $30,728 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $289,381 |