Chicago Painters And Decorators Cooperation And Education Tr Fund
- Assets
- $25.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Darien, IL
- Founding
- 04/1992
- Data as of
- 04/2023
- EIN
- 36-3778556
Organization Overview
Chicago Painters And Decorators Cooperation And Education Tr Fund is located in Darien, IL. The organization was established in 1992. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 04/2023, Chicago Painters And Decorators Cooperation And Education Tr Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Painters And Decorators Cooperation And Education Tr Fund 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 04/2023, Chicago Painters And Decorators Cooperation And Education Tr Fund generated $2.0m 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 (4.2%) each year. All expenses for the organization totaled $3.0m during the year ending 04/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ORGANIZATIONAL EFFECTIVENESS AND FOSTER COOPERATION BETWEEN LABOR AND MANAGEMENT BY SUPPORTING AND FINANCING THE ACTIVITIES OF THE JOINT TRADE BOARD AND TO HELP PROMOTE THE PAINTING AND DRYWALL INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE ORGANIZATIONAL EFFECTIVENESS AND FOSTER COOPERATION BETWEEN LABOR AND MANAGEMENT BY SUPPORTING AND FINANCING THE ACTIVITES OF THE JOINT TRADE BOARD AND TO HELP PROMOTE THE PAINTING AND DRYWALL INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Rinehart Union Trustee | Trustee | 1 | $0 |
Miles Beatty Employer Trustee | Trustee | 1 | $0 |
Clark Johnson Director Of Marketing | 40 | $166,275 | |
Steve Fitzgerald Assistant To The Director | 40 | $115,793 | |
Michael Krawiec Assistant To The Director | 40 | $115,793 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fort Group Media Advertising | 4/29/21 | $356,515 |
Arnold And Kadjan Legal Services | 4/29/21 | $104,891 |
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 | $1,347,838 |
| Investment income | $645,823 |
| 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 | $1,993,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $139,103 |
| 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 | $418,845 |
| Pension plan accruals and contributions | $170,008 |
| Other employee benefits | $98,385 |
| Payroll taxes | $31,100 |
| Fees for services: Management | $6,035 |
| Fees for services: Legal | $87,706 |
| Fees for services: Accounting | $31,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,452 |
| Fees for services: Other | $0 |
| Advertising and promotion | $587,354 |
| Office expenses | $34,377 |
| Information technology | $18,292 |
| Royalties | $0 |
| Occupancy | $51,398 |
| Travel | $15,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,302 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,028 |
| Insurance | $13,765 |
| All other expenses | $3,246 |
| Total functional expenses | $2,987,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,799 |
| Savings and temporary cash investments | $9,491,461 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,550 |
| 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 | $53,209 |
| Net Land, buildings, and equipment | $112,722 |
| Investments—publicly traded securities | $14,736,410 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $215,887 |
| Total assets | $25,064,038 |
| Accounts payable and accrued expenses | $71,333 |
| 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 | $306,432 |
| Total liabilities | $377,765 |
| Net assets without donor restrictions | $24,686,273 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $25,064,038 |
Grants Awarded
Over the last fiscal year, Chicago Painters And Decorators Cooperation And Education Tr Fund has awarded $139,103 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRI-COUNCIL DEVELOPMENT PURPOSE: CONTRIBUTION | $50,000 |
CHICAGO PAINTERS AND DECORATORS RETIREMENT SAVINGS FUND PURPOSE: GRANT TO HELP PAY FOR SETTLOR, ADMINISTRATIVE AND OTHER EXPENSES RELATED TO THE ESTABLISHMENT OF THE NEW PLAN. | $89,103 |