Illinois Public Pension Fund Association
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 20
- Location
- Elgin, IL
- Founding
- 01/1987
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Illinois Public Pension Fund Association generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 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
2021
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 |
William Galgan Treasurer | OfficerTrustee | 2 | $15,750 |
Shawn Curry Vice-President | OfficerTrustee | 1 | $12,000 |
Mark Poulos Vice-President | OfficerTrustee | 1 | $9,750 |
Robert Podgorny Secretary | OfficerTrustee | 28 | $9,000 |
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 | $75,000 |
| 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 | $75,000 |
| Total Program Service Revenue | $1,248,014 |
| Investment income | $24,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $98,686 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,446,275 |
| 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. | $259,009 |
| Compensation of current officers, directors, key employees. | $38,851 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,878 |
| Payroll taxes | $29,598 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23 |
| Fees for services: Accounting | $4,375 |
| Fees for services: Lobbying | $45,307 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,092 |
| Advertising and promotion | $846 |
| Office expenses | $22,798 |
| Information technology | $23,455 |
| Royalties | $0 |
| Occupancy | $32,324 |
| Travel | $16,427 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $221,544 |
| Interest | $5,413 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,354 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,072,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,194 |
| 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 | $501,818 |
| Investments—publicly traded securities | $1,680,167 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,040 |
| Total assets | $2,720,219 |
| Accounts payable and accrued expenses | $272 |
| Grants payable | $0 |
| Deferred revenue | $242,083 |
| 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 | $108,406 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $350,761 |
| 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 | $2,369,458 |
| Total liabilities and net assets/fund balances | $2,720,219 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Bar Foundation Chicago, IL | $37,925,650 | $9,357,330 |
Illinois State Bar Association Springfield, IL | $19,242,841 | $8,740,125 |
Association Of Legal Administrators Chicago, IL | $3,426,402 | $6,090,392 |
Kentucky Bar Association Frankfort, KY | $11,804,122 | $7,180,578 |
Teamsters Local Union No 727 Legal Assistance Trust Fund Park Ridge, IL | $2,977,778 | $5,048,167 |
Chicago Bar Association Chicago, IL | $12,652,985 | $5,014,967 |
Legal Marketing Association Chicago, IL | $3,459,145 | $3,787,273 |
International Association Of Defense Counsel Chicago, IL | $5,596,400 | $3,119,794 |
Indiana State Bar Association Indianapolis, IN | $4,394,271 | $3,135,204 |
Iowa State Bar Association Des Moines, IA | $8,578,235 | $3,502,271 |
Il Board Of Admissions To The Bar Springfield, IL | $10,500,041 | $2,819,422 |
Kentucky Bar Foundation In Frankfort, KY | $9,276,329 | $1,606,050 |