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Nonprofiteer
← ILLINOIS TELECOMMUNICATIONS ASSOCIATION INC

Form 990 for tax year 2023

Filed by ILLINOIS TELECOMMUNICATIONS ASSOCIATION INC.

Totals

Total revenue
$524,303
Total expenses
$546,470
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$480,604
Investment income
$6,949
Other revenue
$36,750
Total assets, end of year
$805,383
Total liabilities, end of year
$79,058
Net assets or fund balances, end of year
$726,325
Program services expenses (Part IX)
$432,341
Management and general expenses
$114,129
Fundraising expenses
$0
Program service expenses (Part III)
$432,341

Program services were 79.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Membership Dues

    total $334,904 · related or exempt $334,904

  • 2b · Program service revenue: Conventions

    total $76,265 · related or exempt $76,265

  • 2c · Program service revenue: Vendor Showcase

    total $69,435 · related or exempt $69,435

  • 3 · Investment income

    total $6,949 · excluded $6,949

  • 6a · Gross rents

    real property $36,750

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $36,750

  • 6d · Net rental income or loss

    total $36,750 · excluded $36,750

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $175,747 · program services $140,598 · management and general $35,149

  • 9 · Other employee benefits

    total $84,708 · program services $67,766 · management and general $16,942

  • 10 · Payroll taxes

    total $12,636 · program services $10,109 · management and general $2,527

  • 11c · Fees: accounting

    total $9,000 · program services $6,750 · management and general $2,250

  • 13 · Office expenses

    total $9,950 · program services $4,975 · management and general $4,975

  • 17 · Travel

    total $9,141 · program services $8,774 · management and general $367

  • 20 · Interest

    total $492 · program services $246 · management and general $246

  • 22 · Depreciation, depletion and amortization

    total $30,078 · program services $22,559 · management and general $7,519

  • 23 · Insurance

    total $6,843 · program services $5,132 · management and general $1,711

  • 24a · Other expenses: Event services

    total $56,286 · program services $28,143 · management and general $28,143

  • 24b · Other expenses: Annual Convention

    total $45,829 · program services $45,829

  • 24c · Other expenses: Vendor Showcase

    total $39,289 · program services $39,289

  • 24d · Other expenses: Repairs and Maintenance

    total $19,224 · program services $14,418 · management and general $4,806

  • 24e · All other expenses

    total $47,247 · program services $37,753 · management and general $9,494

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $417,363 · end of year $341,079

  • 4 · Accounts receivable

    end of year $1,587

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,431 · end of year $32,347

  • 10a · Land, buildings and equipment: cost or other basis

    $862,205

  • 10b · Land, buildings and equipment: accumulated depreciation

    $431,835

  • 10c · Land, buildings and equipment, net

    beginning of year $457,556 · end of year $430,370

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,148 · end of year $8,989

  • 19 · Deferred revenue

    beginning of year $79,447 · end of year $13,778

  • 23 · Secured mortgages and notes payable

    beginning of year $20,014 · end of year $12,181

  • 25 · Other liabilities

    beginning of year $34,249 · end of year $44,110

  • 27 · Net assets without donor restrictions

    beginning of year $748,492 · end of year $726,325

Mission and programs · 2023

Mission

To create a forum for its members to identify and to examine issues of importance; to foster collaboration among its members; and to present on behalf of the telecommunications industry a unified position on matters of importance before the regulatory and legislative bodies of Illinois.

Activities or mission (Part I)

Promoting the development and general welfare of the telecommunications industry in Illinois

  • The three day annual convention creates a forum for the annual meeting of the members, general sessions to bring members up to date on legislative and regulatory issues affecting the industry, and a showcase to give the supplier and vendor members the opportunity to network and present the latest in equipment and services available.

    Expenses $45,829 · Revenue $76,265

  • The two day fall vendors' showcase focuses on providing a venue for the supplier/vendor members to display and present the latest advances and services in technology exclusively to the telephone and wireless company's office, plant and field personnel, as well as providing an opportunity to network.

    Expenses $39,289 · Revenue $69,435

  • Workshops and seminars are conducted to provide educational opportunities to the members.

    Expenses $347,223 · Revenue $334,904

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Barry Adair

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Grisham

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Craig Hern

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Broemmer

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Deno Perdiou

    Director

    Total calculated
    $0
    Hours/week
    1

  • Len Schwartz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Shultz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kelly Shipley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ann Dickerson

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Jay Griswold

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Schmidt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dave Manfredo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kevin Kloehn

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Warta thru 81823

    Director

    Total calculated
    $0
    Hours/week
    1

  • Josh Motzer thru 101323

    Director

    Total calculated
    $0
    Hours/week
    1

  • Randy Nehrt

    President

    Total calculated
    $255,181
    From this org
    $174,381
    From related orgs
    $0
    Other
    $80,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,381
    Bonus
    $0
    Other
    $0
    Deferred
    $39,346
    Nontaxable benefits
    $41,454
    Filer's total
    $255,181

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2024
IRS schema version
2023v5.0
Source object
202431289349302178

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