Illinois Electronic Security Association FY2021 filing

Itasca, IL501(c)(6)Community DevelopmentEIN 36-3654474Revenue $38K in FY2021

On file with the IRS555 W Pierce Rd Ste 180, 60143-2674 · Itasca, ILTax-exempt since Mar 1990

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The Illinois Electronic Security Association actively engages in consumer and industry advocacy, promotes public safety and fosters positive relationships with police, fire and elected officials at the local, state and national levels. Regular Members are business entities licensed by the State of Illinois (225 ILCS 447/) as Private Alarm Contractors or Private Alarm Contractor Agencies that agree to conduct business in accordance with the Association's Bylaws, Code of Ethics and Anti-Trust Policy. Major business activities include installation, service or inspection of burglar alarm, fire alarm, closed circuit TV, access control, alarm monitoring and all other security services.

35¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · 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
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
2 of 5
filings with a surplus
Average deficit $7K a year · 15% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
35%
of spending
Concern: 35% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 20.0 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
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$38K
-29% vs prior year
Spent
$52K
To programs
35%
Net assets
$86K
By yearFY2020–FY2024
Revenue
$38K
FY2021▼ -29%
Tap a bar for its year
Revenue by fiscal year
FY2020$53K
FY2021$38K
FY2022$53K
FY2023$53K
FY2024$35K
Expenses
$52K
FY2021▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$50K
FY2021$52K
FY2022$53K
FY2023$56K
FY2024$56K
Net assets
$86K
FY2021▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020$101K
FY2021$86K
FY2022$87K
FY2023$83K
FY2024$63K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 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 Mar 1990.

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

Where the money goes

35 cents of each dollar spent went to programs.

Program services 35% · $18K Management & general 65% · $34K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Past President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Associate Committee Chair
$0Pt VII · Sec A
Associate Member
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Director at Large
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Goa Regional Business Assoc’s $24K as Executive Director is at the 62nd percentile of top reported officer pay among 168 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Illinois Electronic Security Association 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

Advocates for public safety and promotes positive relationships with officials for security businesses.

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Provided by the organization

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1 program · $18K · in their own filed words · FY2021
01

The Illinois Electronic Security Association actively engages in consumer and industry advocacy, promotes public safety and fosters positive relationships with police, fire and elected officials at the local, state and national levels.

$18Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$38K
Ln 12
Gifts and grantsLn 1h$30K
Fees for servicesLn 2g$7K
Investment incomeLn 3$281
Money outPt IX
$52K
Ln 25
Programscol B$18K
Managementcol C$34K
Owns and owesPt X
$86K
net assets · Ln 32
Cash and savingsLn 1–2$86K
Total assetsLn 16$86K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30K
Fees for servicesLn 2g$7K
Investment incomeLn 3$281
Total revenueLn 12$38K
Assets in detailPt X, end of year
CashLn 1$60K
SavingsLn 2$26K
Cash and savings togetherLn 1–2$86K
Total assetsLn 16$86K
LiabilitiesLn 26$0
Net assetsLn 32$86K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$101K$86K
Total assetsLn 16$101K$86K
LiabilitiesLn 26$0$0
Net assetsLn 32$101K$86K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$24K$24K
Accounting feesLn 11c$529$529
Lobbying feesLn 11d$18K$18K
Advertising and promotionLn 12$133$133
Office expensesLn 13$58$58
Information technologyLn 14$2K$2K
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$52K$18K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $35K$56K−$21K$63K 990 PDF
FY2023 $53K$56K−$3K$83K 990 PDF
FY2022 $53K$53K$262$87K 990 PDF
FY2021 Viewing $38K$52K−$14K$86K 990 PDF
FY2020 $53K$50K$2K$101K 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 FY2021 990 (6 parts)
Part I · Summary $37,519 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $47,665$30,260
I-9 Program service revenuePrior year $5,013$6,978
I-10 Investment incomePrior year $99$281
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $52,777$37,519
I-13 Grants and similar amounts paidPrior year $1,044$0
I-14 Benefits paid to membersPrior year $435$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $48,839$51,881
I-18 Total expensesPrior year $50,318$51,881
I-19 Revenue less expensesPrior year $2,459−$14,362
Part VI · Governance 9 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members9
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $37,519 across 5 lines filed
VIII-1b Membership dues$30,260
VIII-1h Total contributions, gifts and grants$30,260
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,978$6,978
VIII-3 Investment incomeUnrelated business $281$281
VIII-12 Total revenueRelated to mission $6,978 · Unrelated business $281 · Excluded from tax $0$37,519
Part IX · Statement of functional expenses $51,881 across 9 lines filed
IX-11a Management feesManagement $24,000$24,000
IX-11c Accounting feesManagement $529$529
IX-11d Lobbying feesPrograms $18,000$18,000
IX-12 Advertising and promotionManagement $133$133
IX-13 Office expensesManagement $58$58
IX-14 Information technologyManagement $2,206$2,206
IX-19 Conferences, conventions and meetingsManagement $4,050$4,050
IX-23 InsuranceManagement $1,578$1,578
IX-24 Other expenses (24a–d)Management $1,327$1,327
IX-25 Total functional expensesPrograms $18,000 · Management $33,881 · Fundraising $0$51,881
Part X · Balance sheet $86,347 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $74,843$60,203
X-2 Savings and temporary cash investmentsStart of year $25,866$26,144
X-16 Total assetsStart of year $100,709$86,347
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $100,709$86,347
X-33 Total liabilities and net assetsStart of year $100,709$86,347
Part XI · Reconciliation of net assets $86,347 net assets at year end
XI-1 Total revenue$37,519
XI-2 Total expenses$51,881
XI-3 Revenue less expenses−$14,362
XI-4 Net assets at start of year$100,709
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$86,347

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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