Illinois Public Pension Fund Association
- Assets
- $2.5m
- Revenue
- $867.2k
- Investments
- $0.0
- Employees
- 20
- Location
- Elgin, IL
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 36-3421158
Organization Overview
Illinois Public Pension Fund Association is located in Elgin, IL. The organization was established in 1987. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Illinois Public Pension Fund Association employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Public Pension Fund Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Illinois Public Pension Fund Association generated $867.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSOCIATION OF PUBLIC PENSION FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE AND TRAIN PUBLIC PENSION TRUSTEES, PROVIDE INFORMATION REGARDING LEGISLATION AND REGULATION AND GENERAL ASSISTANCE AND SUPPORT TO PUBLIC PENSION BOARDS THROUGHOUT THE STATE. IPPFA HAS A 32 HOUR CERTIFIED PUBLIC PENSION TRUSTEE SCHOOL AND A 16 HOUR ADVANCED TRUSTEE SCHOOL ADMINISTERED IN CONJUCTION WITH NORTHERN ILLINOIS UNIVERSITY. PENSION TRUSTEE TRAINING COURSES ARE HELD THROUGHOUT THE STATE OF ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Mcnamee President | OfficerTrustee | 40 | $164,793 |
Robert Podgorny Secretary | OfficerTrustee | 28 | $9,000 |
William Galgan Treasurer | OfficerTrustee | 2 | $17,750 |
Mark Poulos Vice-President | OfficerTrustee | 1 | $9,750 |
Shawn Curry Vice-President | OfficerTrustee | 1 | $12,000 |
Daniel Hopkins Vice-President | OfficerTrustee | 1 | $8,000 |
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 | $1,078,238 |
| Investment income | $28,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$239,129 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $867,247 |
| 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. | $268,193 |
| Compensation of current officers, directors, key employees. | $40,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $154,649 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,391 |
| Payroll taxes | $32,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $2,385 |
| Fees for services: Lobbying | $45,307 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,561 |
| Advertising and promotion | $2,381 |
| Office expenses | $20,979 |
| Information technology | $30,231 |
| Royalties | $0 |
| Occupancy | $37,395 |
| Travel | $25,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $177,055 |
| Interest | $5,521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,267 |
| Insurance | $3,907 |
| All other expenses | $0 |
| Total functional expenses | $1,078,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $549,305 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $485,551 |
| Investments—publicly traded securities | $1,468,960 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,040 |
| Total assets | $2,506,856 |
| Accounts payable and accrued expenses | $347 |
| Grants payable | $0 |
| Deferred revenue | $246,950 |
| 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 | $101,009 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $348,306 |
| 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 | $2,158,550 |
| Total liabilities and net assets/fund balances | $2,506,856 |