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Union Building Fund FY2022 filing

Not tax-deductible

Westmont, ILMutual-benefit / member-servingCommunity DevelopmentEIN 20-0009629Revenue $439K in FY2022

On file with the IRS500 Oakmont Ln, 60559-5520 · Westmont, ILTax-exempt since Oct 2004

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Title holding corporation

Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $64K a year · 14% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
9 mo
of spending, in cash
Looks good: 9.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$749K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$439K
0% vs prior year
Spent
$526K
Net assets
$3.2M
By yearFY2020–FY2024
Revenue
$439K
FY20220%
Tap a bar for its year
Revenue by fiscal year
FY2020$439K
FY2021$439K
FY2022$439K
FY2023$479K
FY2024$479K
Expenses
$526K
FY2022▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$475K
FY2021$512K
FY2022$526K
FY2023$540K
FY2024$541K
Net assets
$3.2M
FY2022▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$3.3M
FY2022$3.2M
FY2023$3.6M
FY2024$3.5M

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2004.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tony Johnston
Vice President
$0Pt VII · Sec A
Kyle Stern
Secretary
$0Pt VII · Sec A
See Union Building Fund 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

Union Building Fund is a member-serving organization based in Westmont, IL.

Questions for Union Building Fund

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Provided by the organization

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1 program · in their own filed words · FY2022
01

To hold and manage real estate for the illinois federation of teachers and the west suburban teachers union-local 571.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$439K
Ln 12
Fees for servicesLn 2g$439K
Money outPt IX
$526K
Ln 25
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$396K
Total assetsLn 16$3.9M
LiabilitiesLn 26$749K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$439K
Total revenueLn 12$439K
Assets in detailPt X, end of year
CashLn 1$396K
Cash and savings togetherLn 1–2$396K
Land, buildings, equipmentLn 10c$3.5M
Total assetsLn 16$3.9M
LiabilitiesLn 26$749K
Net assetsLn 32$3.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$420K$396K
Land, buildings, equipmentLn 10c$3.6M$3.5M
Total assetsLn 16$4.1M$3.9M
LiabilitiesLn 26$780K$749K
Net assetsLn 32$3.3M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$25K
Legal feesLn 11b$486
Accounting feesLn 11c$2K
Office expensesLn 13$873
OccupancyLn 16$56K
Conferences, conventions and meetingsLn 19$4K
InterestLn 20$5K
Depreciation, depletion and amortizationLn 22$142K
InsuranceLn 23$8K
Other expenses (24a–d)Ln 24$282K
Total functional expensesLn 25$526K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $479K$541K−$62K$3.5M 990 PDF
FY2023 $479K$540K−$61K$3.6M 990 PDF
FY2022 Viewing $439K$526K−$87K$3.2M 990 PDF
FY2021 $439K$512K−$73K$3.3M 990 PDF
FY2020 $439K$475K−$36K$3.4M 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 FY2022 990 (6 parts)
Part I · Summary $439,140 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $439,140$439,140
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $439,140$439,140
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $512,487$526,432
I-18 Total expensesPrior year $512,487$526,432
I-19 Revenue less expensesPrior year −$73,347−$87,292
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $439,140 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $439,140$439,140
VIII-12 Total revenueRelated to mission $439,140 · Unrelated business $0 · Excluded from tax $0$439,140
Part IX · Statement of functional expenses $526,432 across 10 lines filed
IX-11a Management fees$25,376
IX-11b Legal fees$486
IX-11c Accounting fees$2,000
IX-13 Office expenses$873
IX-16 Occupancy$56,023
IX-19 Conferences, conventions and meetings$4,066
IX-20 Interest$5,260
IX-22 Depreciation, depletion and amortization$141,882
IX-23 Insurance$8,246
IX-24 Other expenses (24a–d)$282,220
IX-25 Total functional expenses$526,432
Part X · Balance sheet $3,946,378 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $420,169$395,907
X-4 Accounts receivableStart of year $10,979$36,595
X-9 Prepaid expenses and deferred chargesStart of year $10,599$19,737
X-10c Land, buildings and equipment, netStart of year $3,623,055$3,494,139
X-16 Total assetsStart of year $4,064,802$3,946,378
X-17 Accounts payable and accrued expensesStart of year $134,660$141,603
X-19 Deferred revenue$9
X-25 Other liabilitiesStart of year $476,601$476,601
X-26 Total liabilitiesStart of year $779,708$748,576
X-27 Net assets without donor restrictionsStart of year $3,285,094$3,197,802
X-32 Total net assets or fund balancesStart of year $3,285,094$3,197,802
X-33 Total liabilities and net assetsStart of year $4,064,802$3,946,378
Part XI · Reconciliation of net assets $3,197,802 net assets at year end
XI-1 Total revenue$439,140
XI-2 Total expenses$526,432
XI-3 Revenue less expenses−$87,292
XI-4 Net assets at start of year$3,285,094
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,197,802

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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