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Tri Council Development Fund FY2024 filing

Not tax-deductible

Aurora, IL501(c)(5)Since 2020Community Development EIN 84-7030574Revenue $649K in FY2024

On file with the IRStcdfillinois.org1905 Sequoia Dr Ste 201, 60506-1088 · Aurora, ILTax-exempt since Dec 2021

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To advance the painting, decorating, drywall finishing and glazing industries through the Development and implementation of strategic proactive programming designed to raise the bar where public resources and public interest converge while securing new work opportunities for union members and signatory employers.

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
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
2 of 4
filings with a surplus
Average surplus $77K a year · 9% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$260K
81% of total assets
Concern: liabilities are 81% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$649K
+10% vs prior year
Spent
$797K
Net assets
$61K
By yearFY2020–FY2025
Revenue
$649K
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020Not on file
FY2022$704K
FY2023$591K
FY2024$649K
FY2025$1.5M
FY2025$722K
Expenses
$797K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2022$473K
FY2023$767K
FY2024$797K
FY2025$1.1M
FY2025$1.0M
Net assets
$61K
FY2024▼ -71%
Tap a bar for its year
Net assets by fiscal year
FY2020Not on file
FY2022$384K
FY2023$208K
FY2024$61K
FY2025$460K
FY2025$136K

From the FY2024 Form 990 (year ending March 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Dec 2021.

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Todd Dotson
Executive Director
$0Pt VII · Sec A
Zach Lowe
Director of Planning and P
$0Pt VII · Sec A
See Tri Council Development 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

Develops programs to advance painting and drywall industries, creating work for union members and employers.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

To advance the painting, decorating, drywall finishing and glazing industries through the development and implementation of strategic proactive programming designed to raise the bar where public resources and public interest converge while securing new work opportunities for union members and signatory employers.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Chicago Painters and Decorators Cooperation and Education Tr FundFY2024$500K
Total grants receivedfrom 1 funder$500K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$649K
Ln 12
Gifts and grantsLn 1h$649K
Money outPt IX
$797K
Ln 25
Owns and owesPt X
$61K
net assets · Ln 32
Cash and savingsLn 1–2$296K
Total assetsLn 16$320K
LiabilitiesLn 26$260K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$649K
Total revenueLn 12$649K
Assets in detailPt X, end of year
CashLn 1$296K
Cash and savings togetherLn 1–2$296K
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$4K
Total assetsLn 16$320K
LiabilitiesLn 26$260K
Net assetsLn 32$61K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMarch
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 FY24End FY24
Cash and savingsLn 1–2$346K$296K
Land, buildings, equipmentLn 10c$8K$5K
Total assetsLn 16$363K$320K
LiabilitiesLn 26$155K$260K
Net assetsLn 32$208K$61K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$12K
Other fees for servicesLn 11g$112K
Advertising and promotionLn 12$21K
Office expensesLn 13$3K
Information technologyLn 14$3K
OccupancyLn 16$4K
Depreciation, depletion and amortizationLn 22$3K
InsuranceLn 23$585
Other expenses (24a–d)Ln 24$636K
All other expensesLn 24e$4K
Total functional expensesLn 25$797K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $1.5M$1.1M$400K$460K 990 PDF
FY2024 Viewing $649K$797K−$148K$61K 990 PDF
FY2023 $591K$767K−$175K$208K 990 PDF
FY2022 $704K$473K$231K$384K 990 PDF
FY2021 Not on file
FY2020 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 FY2024 990 (6 parts)
Part I · Summary $649,307 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $591,156$649,307
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $591,156$649,307
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 $766,594$797,142
I-18 Total expensesPrior year $766,594$797,142
I-19 Revenue less expensesPrior year −$175,438−$147,835
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $649,307 across 3 lines filed
VIII-1f All other contributions, gifts and grants$649,307
VIII-1h Total contributions, gifts and grants$649,307
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$649,307
Part IX · Statement of functional expenses $797,142 across 10 lines filed
IX-11c Accounting fees$11,605
IX-11g Other fees for services$111,550
IX-12 Advertising and promotion$21,185
IX-13 Office expenses$3,080
IX-14 Information technology$2,650
IX-16 Occupancy$3,706
IX-22 Depreciation, depletion and amortization$3,356
IX-23 Insurance$585
IX-24 Other expenses (24a–d)$635,800
IX-24e All other expenses$3,625
IX-25 Total functional expenses$797,142
Part X · Balance sheet $320,308 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $345,832$296,408
X-3 Pledges and grants receivable$13,117
X-9 Prepaid expenses and deferred chargesStart of year $1,596$1,539
X-10c Land, buildings and equipment, netStart of year $8,390$5,034
X-15 Other assetsStart of year $7,660$4,210
X-16 Total assetsStart of year $363,478$320,308
X-17 Accounts payable and accrued expensesStart of year $61,472$23,429
X-25 Other liabilitiesStart of year $93,654$236,362
X-26 Total liabilitiesStart of year $155,126$259,791
X-27 Net assets without donor restrictionsStart of year $208,352$60,517
X-32 Total net assets or fund balancesStart of year $208,352$60,517
X-33 Total liabilities and net assetsStart of year $363,478$320,308
Part XI · Reconciliation of net assets $60,517 net assets at year end
XI-1 Total revenue$649,307
XI-2 Total expenses$797,142
XI-3 Revenue less expenses−$147,835
XI-4 Net assets at start of year$208,352
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$60,517

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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