Local 37 INC FY2020 filing

Springfield, ILUnknown exempt organizationEIN 05-0564851Revenue $62K in FY2020

On file with the IRSfirefighterspostal.com940 W Lake Drive Po Box 765 · Springfield, IL

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Lake club providing recreational and social activities for its members and their families. We also assist the community in sponsoring educational, patriotic and civic enterprises which promote interest and safety in Lake Springfield and its various water activities.

84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $35K a year · 31% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: -0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$487K
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$62K
Spent
$147K
To programs
84%
Net assets
$37K
By yearFY2020–FY2023
Revenue
$62K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$62K
FY2021$95K
FY2022$148K
FY2023$146K
Expenses
$147K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$147K
FY2021$129K
FY2022$155K
FY2023$159K
Net assets
$37K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$37K
FY2021$3K
FY2022−$3K
FY2023−$17K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $123K Management & general 16% · $23K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Local 37 INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers lake recreation and social events, plus community support for water safety and education.

Provided by the organization

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1 program · $123K · in their own filed words · FY2020
01

Lake club providing recreational and social activities for its members and their families. We also assist the community in sponsoring educational, patriotic and civic enterprises which promote interest and safety in Lake Springfield and its various water activities.

$123Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$62K
Ln 12
Other incomeLn 4–11$59K
Gifts and grantsLn 1h$4K
Money outPt IX
$147K
Ln 25
Programscol B$123K
Managementcol C$23K
Owns and owesPt X
$37K
net assets · Ln 32
Cash and savingsLn 1–2−$2K
Total assetsLn 16$524K
LiabilitiesLn 26$487K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Other incomeLn 4–11$59K
Total revenueLn 12$62K
Assets in detailPt X, end of year
CashLn 1−$2K
Cash and savings togetherLn 1–2−$2K
Land, buildings, equipmentLn 10c$506K
Total assetsLn 16$524K
LiabilitiesLn 26$487K
Net assetsLn 32$37K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2K−$2K
Land, buildings, equipmentLn 10c$529K$506K
Total assetsLn 16$551K$524K
LiabilitiesLn 26$429K$487K
Net assetsLn 32$122K$37K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$679$679
Information technologyLn 14$5K$5K
OccupancyLn 16$76K$61K$15K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$23K$18K$5K
InsuranceLn 23$14K$12K$3K
Other expenses (24a–d)Ln 24$20K$20K
Total functional expensesLn 25$147K$123K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $146K$159K−$14K−$17K 990 PDF
FY2022 $148K$155K−$7K−$3K 990 PDF
FY2021 $95K$129K−$34K$3K 990 PDF
FY2020 Viewing $62K$147K−$85K$37K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $62,228 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,150$3,500
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $184,246$58,728
I-12 Total revenuePrior year $188,396$62,228
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $186,298$146,811
I-18 Total expensesPrior year $186,298$146,811
I-19 Revenue less expensesPrior year $2,098−$84,583
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $62,228 across 6 lines filed
Lines not itemized here account for $54,604 of total revenue; see the IRS return.
VIII-1b Membership dues$3,500
VIII-1h Total contributions, gifts and grants$3,500
VIII-6 Net rental income or lossRelated to mission −$1,750−$1,750
VIII-8 Net income from fundraising eventsExcluded from tax $5,170$5,170
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $704$704
VIII-12 Total revenueRelated to mission $53,558 · Unrelated business $0 · Excluded from tax $5,170$62,228
Part IX · Statement of functional expenses $146,811 across 8 lines filed
IX-12 Advertising and promotionPrograms $1,615$1,615
IX-13 Office expensesManagement $679$679
IX-14 Information technologyPrograms $4,719$4,719
IX-16 OccupancyPrograms $60,983 · Management $15,246$76,229
IX-20 InterestPrograms $6,132$6,132
IX-22 Depreciation, depletion and amortizationPrograms $18,136 · Management $4,534$22,670
IX-23 InsurancePrograms $11,597 · Management $2,899$14,496
IX-24 Other expenses (24a–d)Programs $20,271$20,271
IX-25 Total functional expensesPrograms $123,453 · Management $23,358 · Fundraising $0$146,811
Part X · Balance sheet $524,017 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $2,453−$1,853
X-8 Inventories for sale or useStart of year $19,948$19,948
X-10c Land, buildings and equipment, netStart of year $528,592$505,922
X-16 Total assetsStart of year $550,993$524,017
X-17 Accounts payable and accrued expensesStart of year $15,431$30,767
X-26 Total liabilitiesStart of year $429,383$486,666
X-32 Total net assets or fund balancesStart of year $121,610$37,351
X-33 Total liabilities and net assetsStart of year $550,993$524,017
Part XI · Reconciliation of net assets $37,351 net assets at year end
XI-1 Total revenue$62,228
XI-2 Total expenses$146,811
XI-3 Revenue less expenses−$84,583
XI-4 Net assets at start of year$121,610
XI-8 Prior period adjustments$324
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$37,351

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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