Illinois League Of Financial Institutions
- Assets
- $155.7k
- Revenue
- $748.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Springfield, IL
- Founding
- 05/1944
- Data as of
- 12/2018
- 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 12/2018, Illinois League Of Financial Institutions generated $748.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2018. 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
2018
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 |
|---|---|---|---|
Travis Schroll Chairman-Ele | OfficerTrustee | 2 | $0 |
Tyler Rouse Vice Chairma | OfficerTrustee | 2 | $0 |
Steven Lear Immed Past C | OfficerTrustee | 2 | $0 |
William Smigiel Chairman | OfficerTrustee | 2 | $0 |
Karlie Krehbiel Director | Trustee | 2 | $0 |
Dane Cleven Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $521 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $674 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $748,343 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $254,222 |
| Pension plan accruals and contributions | $425,134 |
| Other employee benefits | $25,190 |
| Payroll taxes | $20,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,235 |
| Advertising and promotion | $426 |
| Office expenses | $11,001 |
| Information technology | $7,932 |
| Royalties | $0 |
| Occupancy | $65,329 |
| Travel | $1,790 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $166,392 |
| Interest | $39 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,284 |
| Insurance | $13,672 |
| All other expenses | $12,988 |
| Total functional expenses | $1,206,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,759 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,954 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,713 |
| Accounts payable and accrued expenses | $155,713 |
| 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 | $0 |
| Total liabilities | $155,713 |
| 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 |
| Total liabilities and net assets/fund balances | $0 |
Endowment Analysis
| Beg. Balance | $64,808 |
| Earnings | $83 |
| Ending Balance | $64,891 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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