Illinois Security Professionals Association FY2021 filing

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The Illinois Security Professionals Association is the voice in Illinois representing the private Security industry. Besides being the Association advocate at the state level, we advance knowledge and level of expertise of member involved in the private Security industry. We accomplish this strategic objective by offering a high level of continuing professional education and advanced level progrommng to address the ever-changing industry. As an organization, we are committed to deliver a well-defined "member value proposition."

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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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
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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $13K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$16K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$120K
+84% vs prior year
Spent
$86K
Net assets
$40K
By yearFY2020–FY2025
Revenue
$120K
FY2021▲ +84%
Tap a bar for its year
Revenue by fiscal year
FY2020$65K
FY2021$120K
FY2022$128K
FY2023$97K
FY2024$147K
FY2025$153K
Expenses
$86K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$86K
FY2022$104K
FY2023$109K
FY2024$133K
FY2025$147K
Net assets
$40K
FY2021▲ +598%
Tap a bar for its year
Net assets by fiscal year
FY2020$6K
FY2021$40K
FY2022$65K
FY2023$52K
FY2024$67K
FY2025$73K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2019.

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

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
First Vice President
$0Pt VII · Sec A
Second Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Illinois Security Professionals 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 Illinois private security, advancing member expertise through education and programming.

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2 programs · in their own filed words · FY2021
01

Advanced knowledge and level of expertise of members involved in the private security industry by offering a high level of continuing professional education and advanced level programming to address the ever-changing industry.

Pt IX · col B
02

Held networking events, including golf outing and holiday awards event, which promoted networking among the security professionals.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$120K
Ln 12
Other incomeLn 4–11$85K
Gifts and grantsLn 1h$30K
Fees for servicesLn 2g$5K
Money outPt IX
$86K
Ln 25
Owns and owesPt X
$40K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$56K
LiabilitiesLn 26$16K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30K
Fees for servicesLn 2g$5K
Other incomeLn 4–11$85K
Total revenueLn 12$120K
Assets in detailPt X, end of year
CashLn 1$56K
Cash and savings togetherLn 1–2$56K
Total assetsLn 16$56K
LiabilitiesLn 26$16K
Net assetsLn 32$40K
OperationsPt I, VI
EmployeesI 50
VolunteersI 622
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$50K$56K
Total assetsLn 16$66K$56K
LiabilitiesLn 26$60K$16K
Net assetsLn 32$6K$40K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$40K
Accounting feesLn 11c$800
Other fees for servicesLn 11g$20K
Advertising and promotionLn 12$1K
Office expensesLn 13$2K
TravelLn 17$974
Conferences, conventions and meetingsLn 19$9K
InsuranceLn 23$103
Other expenses (24a–d)Ln 24$11K
All other expensesLn 24e$488
Total functional expensesLn 25$86K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $153K$147K$6K$73K 990 PDF
FY2024 $147K$133K$15K$67K 990 PDF
FY2023 $97K$109K−$13K$52K 990 PDF
FY2022 $128K$104K$25K$65K 990 PDF
FY2021 Viewing $120K$86K$34K$40K 990 PDF
FY2020 $65K$6K 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 FY2021 990 (6 parts)
Part I · Summary $120,296 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,750$30,233
I-9 Program service revenuePrior year $10,405$5,450
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $39,052$84,613
I-12 Total revenuePrior year $65,207$120,296
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 $825$0
I-17 Other expensesPrior year $78,341$86,163
I-18 Total expensesPrior year $79,166$86,163
I-19 Revenue less expensesPrior year −$13,959$34,133
Part VI · Governance 18 of 18 board members independent, 3 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $120,296 across 6 lines filed
VIII-1b Membership dues$28,783
VIII-1f All other contributions, gifts and grants$1,450
VIII-1h Total contributions, gifts and grants$30,233
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,450$5,450
VIII-8 Net income from fundraising eventsExcluded from tax $84,613$84,613
VIII-12 Total revenueRelated to mission $5,450 · Unrelated business $0 · Excluded from tax $84,613$120,296
Part IX · Statement of functional expenses $86,163 across 10 lines filed
IX-11a Management fees$40,300
IX-11c Accounting fees$800
IX-11g Other fees for services$19,800
IX-12 Advertising and promotion$1,461
IX-13 Office expenses$2,365
IX-17 Travel$974
IX-19 Conferences, conventions and meetings$8,631
IX-23 Insurance$103
IX-24 Other expenses (24a–d)$11,241
IX-24e All other expenses$488
IX-25 Total functional expenses$86,163
Part X · Balance sheet $55,715 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $50,178$55,715
X-16 Total assetsStart of year $66,050$55,715
X-19 Deferred revenueStart of year $59,338$15,870
X-26 Total liabilitiesStart of year $60,338$15,870
X-27 Net assets without donor restrictionsStart of year $5,712$39,845
X-32 Total net assets or fund balancesStart of year $5,712$39,845
X-33 Total liabilities and net assetsStart of year $66,050$55,715
Part XI · Reconciliation of net assets $39,845 net assets at year end
XI-1 Total revenue$120,296
XI-2 Total expenses$86,163
XI-3 Revenue less expenses$34,133
XI-4 Net assets at start of year$5,712
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$39,845

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

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