Illinois Cpa Foundation
Nonprofit profile at a glance
- EIN
- 366083944
- IRS 990 coverage
- 2010–2017
- Forms available
- Form 990 2017
- Location
- Chicago, IL, USA
- Phone
- 3129930407
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Insurance Providers
Reported finances
- Revenue
- $2,839,107
- Expenses
- $2,839,107
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- TODD SHAPIRO (PRESIDENT/CEO)
Highest reported compensation
- TODD SHAPIRO (PRESIDENT/CEO): $429,261 total reported compensation
- JENNIFER SCHULTZ (COO & CFO): $269,243 total reported compensation
- MARTY GREEN (VP, GOVERNMENT AFFAIRS): $183,315 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote the study and practice of accountancy within the state of Illinois.
What it reported doing in 2017
Direct costs related to continuing education - promotion, meals, manuals, speaker honorariums and royalties, conference promotion and speakers.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - Most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 20
- Transparency & Controls: 58
- Accountability: 95
- Sustainability: 17
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 21.8%; rating input score 22
- Program expense ratio: 21.8%; rating input score 22
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: No; rating input score 0
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 15%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: -8.4% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: -18.3% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 21.8% of revenue deployed · 21.8% of spending went to programs
- Governance: 19 of 19 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $618K in reported program spending
- Leadership: top reported pay $429K · 24 people listed · 1 of 6 pay-setting controls reported
- Consistency: 23 of 23 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 8 filing years from 2010 to 2017
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 22/100.
- High — Financial Efficiency: Program expense ratio scored 22/100.
- High — Transparency & Controls: Major donor itemization scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 14/100.