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Midwest Insulation Contractors Assoc FY2020 filing

Not tax-deductible

Dayton, OH501(c)(6)Mutual / membership EIN 23-7097826Revenue $195K in FY2020

On file with the IRS7250 Poe Ave Ste 410, 45414-2679 · Dayton, OHTax-exempt since Jul 1971

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Educate & inform members about Insulation practices

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$47K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
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
3 of 5
filings with a surplus
Average surplus $11K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$47K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
36 mo
of spending, in cash
Looks good: 36.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$195K
Spent
$191K
Net assets
$789K
By yearFY2020–FY2024
Revenue
$195K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$195K
FY2021$258K
FY2022$416K
FY2023$466K
FY2024$417K
Expenses
$191K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$191K
FY2021$233K
FY2022$417K
FY2023$423K
FY2024$431K
Net assets
$789K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$789K
FY2021$813K
FY2022$869K
FY2023$957K
FY2024$978K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 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 Jul 1971.

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

Who runs it and what they're paid

6 people listed on the 990; $47K paid to officers and key staff.

Part VII, Section A · reportable compensation
Thomas a Shimerda
Executive Secretary
$46,992Pt VII · Sec A
Steve Sack
President
$0Pt VII · Sec A
Darrell Peil
Associate Presidnet
$0Pt VII · Sec A
Matt Hymer
Past President
$0Pt VII · Sec A
Rudy Nigl
President Elect
$0Pt VII · Sec A
Doug Barton
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Thomas a Shimerda$46,992$46,992

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Midwest Insulation Contractors Assoc 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

Educates and informs members about insulation practices.

Questions for Midwest Insulation Contractors Assoc

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Provided by the organization

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3 programs · in their own filed words · FY2020
01

To gather, prepare, and distribute information relating to the use and benefits of mechanical systems insulation and to promote the use of insulation generally.

Pt IX · col B
02

To furnish information, education, and communication on labor matters which are of common concern to those members of the association to which it pertains.

Pt IX · col B
03

To improve the business skills of the members of the association and to keep them advised of new products and uses, safety, and other issues.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$195K
Ln 12
Other incomeLn 4–11$93K
Fees for servicesLn 2g$80K
Investment incomeLn 3$22K
Money outPt IX
$191K
Ln 25
Owns and owesPt X
$789K
net assets · Ln 32
Cash and savingsLn 1–2$581K
Total assetsLn 16$789K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$80K
Investment incomeLn 3$22K
Other incomeLn 4–11$93K
Total revenueLn 12$195K
Assets in detailPt X, end of year
SavingsLn 2$581K
Cash and savings togetherLn 1–2$581K
InvestmentsLn 11–13$206K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$789K
LiabilitiesLn 26$0
Net assetsLn 32$789K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$534K$581K
InvestmentsLn 11–13$249K$206K
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$784K$789K
LiabilitiesLn 26$0$0
Net assetsLn 32$784K$789K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$47K
Other salaries and wagesLn 7$34K
Payroll taxesLn 10$6K
Legal feesLn 11b$9K
Accounting feesLn 11c$775
TravelLn 17$3K
Depreciation, depletion and amortizationLn 22$37
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$62K
All other expensesLn 24e$22K
Total functional expensesLn 25$191K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $417K$431K−$14K$978K 990 PDF
FY2023 $466K$423K$43K$957K 990 PDF
FY2022 $416K$417K−$275$869K 990 PDF
FY2021 $258K$233K$25K$813K 990 PDF
FY2020 Viewing $195K$191K$4K$789K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $194,953 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $79,925$80,350
I-10 Investment incomePrior year $15,456$21,542
I-11 Other revenuePrior year $251,195$93,061
I-12 Total revenuePrior year $346,576$194,953
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 $93,479$87,397
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $217,962$103,284
I-18 Total expensesPrior year $311,441$190,681
I-19 Revenue less expensesPrior year $35,135$4,272
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $194,953 across 4 lines filed
Lines not itemized here account for $49,279 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $80,350$80,350
VIII-3 Investment incomeRelated to mission $21,542$21,542
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $43,782$43,782
VIII-12 Total revenueRelated to mission $194,953 · Unrelated business $0 · Excluded from tax $0$194,953
Part IX · Statement of functional expenses $190,681 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$46,992
IX-7 Other salaries and wages$34,080
IX-10 Payroll taxes$6,325
IX-11b Legal fees$8,677
IX-11c Accounting fees$775
IX-17 Travel$3,342
IX-22 Depreciation, depletion and amortization$37
IX-23 Insurance$6,867
IX-24 Other expenses (24a–d)$61,823
IX-24e All other expenses$21,763
IX-25 Total functional expenses$190,681
Part X · Balance sheet $788,538 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $533,792$580,711
X-10c Land, buildings and equipment, netStart of year $1,591$1,554
X-11 Publicly traded securitiesStart of year $248,883$206,273
X-16 Total assetsStart of year $784,266$788,538
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $784,266$788,538
X-33 Total liabilities and net assetsStart of year $784,266$788,538
Part XI · Reconciliation of net assets $788,538 net assets at year end
XI-1 Total revenue$194,953
XI-2 Total expenses$190,681
XI-3 Revenue less expenses$4,272
XI-4 Net assets at start of year$784,266
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$788,538

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

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