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← LOCAL 126 IBEW OCCUPATIONAL SAFETY HEALTH & EDUC TRUST FUND

Form 990 for tax year 2022

Filed by LOCAL 126 IBEW OCCUPATIONAL SAFETY HEALTH & EDUC TRUST FUND.

Totals

Total revenue
$8,344,100
Total expenses
$4,576,215
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,050,627
Investment income
$186,203
Other revenue
$107,270
Total assets, end of year
$33,254,767
Total liabilities, end of year
$4,024
Net assets or fund balances, end of year
$33,250,743
Program services expenses (Part IX)
$2,494,064
Management and general expenses
$2,082,151
Fundraising expenses
$0
Program service expenses (Part III)
$2,494,064

Program services were 54.5% 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: EMPLOYER CONTRIBUTIONS

    total $8,050,627 · related or exempt $8,050,627

  • 3 · Investment income

    total $397,381 · excluded $397,381

  • 6a · Gross rents

    real property $106,806

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $106,806

  • 6d · Net rental income or loss

    total $106,806 · excluded $106,806

  • 7a · Gross sales of assets other than inventory

    securities $16,276,406

  • 7b · Less cost or other basis and sales expenses

    securities $16,487,584

  • 7c · Gain or loss

    securities -$211,178

  • 7d · Net gain or loss

    total -$211,178 · excluded -$211,178

  • 11a · Other revenue: OTHER INCOME

    total $464 · excluded $464

  • 11e · Other revenue, total

    $464

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $591,333 · management and general $591,333

  • 8 · Pension plan contributions

    total $146,162 · management and general $146,162

  • 9 · Other employee benefits

    total $108,767 · management and general $108,767

  • 10 · Payroll taxes

    total $41,437 · management and general $41,437

  • 11b · Fees: legal

    total $12,668 · management and general $12,668

  • 11c · Fees: accounting

    total $27,368 · management and general $27,368

  • 11f · Fees: investment management

    total $10,000 · management and general $10,000

  • 11g · Fees: other

    total $25,808 · management and general $25,808

  • 13 · Office expenses

    total $159,962 · management and general $159,962

  • 14 · Information technology

    total $23,367 · management and general $23,367

  • 16 · Occupancy

    total $240,384 · management and general $240,384

  • 17 · Travel

    total $78,569 · management and general $78,569

  • 22 · Depreciation, depletion and amortization

    total $526,368 · management and general $526,368

  • 23 · Insurance

    total $60,313 · management and general $60,313

  • 24a · Other expenses: TRAINING SUPPLIES AND E

    total $1,457,796 · program services $1,457,796

  • 24b · Other expenses: SAFETY EDUCATION

    total $834,582 · program services $834,582

  • 24c · Other expenses: DRUG SCREENING AND PHYS

    total $192,192 · program services $192,192

  • 24d · Other expenses: REIMBURSED EXPENSES

    total $29,645 · management and general $29,645

  • 24e · All other expenses

    total $9,494 · program services $9,494

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,267,717 · end of year $503,661

  • 2 · Savings and temporary cash investments

    beginning of year $9,304,377 · end of year $2,616,645

  • 4 · Accounts receivable

    beginning of year $132 · end of year $1,330

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

    $14,151,198

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

    $2,724,178

  • 10c · Land, buildings and equipment, net

    beginning of year $11,863,703 · end of year $11,427,020

  • 11 · Investments: publicly traded securities

    beginning of year $7,501,089 · end of year $18,706,111

  • 17 · Accounts payable and accrued expenses

    end of year $4,024

  • 25 · Other liabilities

    beginning of year $3,282 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $29,933,736 · end of year $33,250,743

Mission and programs · 2022

Mission

PROVIDE OCCUPATIONAL TRAINING, EDUCATION, AND TESTING FOR MEMBERS OF IBEW LOCAL #126.

Activities or mission (Part I)

FUND PROVIDES OCCUPATIONAL TRAINING, EDUCATION, AND TESTING FOR MEMBERS OF IBEW LOCAL #126.

  • FUND PROVIDES OCCUPATIONAL TRAINING, EDUCATION, AND TESTING FOR MEMBERS OF IBEW LOCAL #126. PROGRAMS INCLUDE BUT ARE NOT LIMITED TO OCCUPATIONAL SAFETY, WORK EDUCATION & TRAINING SESSIONS, HEALTH EDUCATION, AND LICENSE TRAINING.

    Expenses $2,494,064 · Revenue $8,050,627

As filed on the 2022 return.

Listed in Part VII

  • RANDY ROBERTS

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JEFFREY P SCARPELLO

    MANAGEMENT TRUSTEE

    Total calculated
    $635,910
    From this org
    $0
    From related orgs
    $517,344
    Other
    $118,566
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $513,760 related
    Bonus
    $0
    Other
    $0 + $3,584 related
    Deferred
    $0 + $68,500 related
    Nontaxable benefits
    $0 + $50,066 related
    Filer's total
    $0 + $635,910 related

  • CHRISTOPHER WENTZEL

    UNION TRUSTEE

    Total calculated
    $267,020
    From this org
    $0
    From related orgs
    $188,575
    Other
    $78,445
    Hours/week
    0.5 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,575 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $54,875 related
    Nontaxable benefits
    $0 + $23,570 related
    Filer's total
    $0 + $267,020 related

  • RICHARD MUTTIK

    UNION TRUSTEE

    Total calculated
    $315,832
    From this org
    $0
    From related orgs
    $227,816
    Other
    $88,016
    Hours/week
    0.5 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,816 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $64,446 related
    Nontaxable benefits
    $0 + $23,570 related
    Filer's total
    $0 + $315,832 related

  • PATRICK A CASEY

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • HARRY B MILLER III

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • STEVE W LUTZ

    DIRECTOR

    Total calculated
    $268,024
    From this org
    $193,248
    From related orgs
    $0
    Other
    $74,776
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $193,248
    Bonus
    $0
    Other
    $0
    Deferred
    $47,978
    Nontaxable benefits
    $26,798
    Filer's total
    $268,024

  • STEVEN KUNCELMAN

    ASST DIRECTOR

    Total calculated
    $251,377
    From this org
    $179,851
    From related orgs
    $0
    Other
    $71,526
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $179,851
    Bonus
    $0
    Other
    $0
    Deferred
    $44,728
    Nontaxable benefits
    $26,798
    Filer's total
    $251,377

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2022
Filed
10 October 2023
IRS schema version
2022v5.0
Source object
202302839349300520

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