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← CHICAGO PAINTERS AND DECORATORS COOPERATION AND EDUCATION TR FUND

Form 990 for tax year 2024

Filed by CHICAGO PAINTERS AND DECORATORS COOPERATION AND EDUCATION TR FUND.

Totals

Total revenue
$4,572,654
Total expenses
$4,893,686
Contributions and grants received
$0
Grants paid
$500,000
Program service revenue
$1,270,297
Investment income
$3,302,357
Other revenue
$0
Total assets, end of year
$23,609,130
Total liabilities, end of year
$611,631
Net assets or fund balances, end of year
$22,997,499
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $1,258,297 · related or exempt $1,258,297

  • 2b · Program service revenue: JOINT TRADE BOARD AWARDS

    total $11,000 · related or exempt $11,000

  • 2c · Program service revenue: EMPLOYER BONDS

    total $1,000 · related or exempt $1,000

  • 3 · Investment income

    total $791,770 · excluded $791,770

  • 7a · Gross sales of assets other than inventory

    securities $8,791,970 · other assets $71,750

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

    securities $6,288,518 · other assets $64,615

  • 7c · Gain or loss

    securities $2,503,452 · other assets $7,135

  • 7d · Net gain or loss

    total $2,510,587 · related or exempt $7,135 · excluded $2,503,452

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000

  • 5 · Compensation of officers, directors and key employees

    total $5,866

  • 7 · Other salaries and wages

    total $436,175

  • 8 · Pension plan contributions

    total $215,422

  • 9 · Other employee benefits

    total $113,100

  • 10 · Payroll taxes

    total $36,244

  • 11b · Fees: legal

    total $54,033

  • 11c · Fees: accounting

    total $45,502

  • 11f · Fees: investment management

    total $11,514

  • 11g · Fees: other

    total $5,091

  • 12 · Advertising and promotion

    total $593,116

  • 13 · Office expenses

    total $137,470

  • 14 · Information technology

    total $15,450

  • 16 · Occupancy

    total $39,517

  • 17 · Travel

    total $12,971

  • 19 · Conferences, conventions and meetings

    total $84,135

  • 22 · Depreciation, depletion and amortization

    total $30,992

  • 23 · Insurance

    total $13,621

  • 24a · Other expenses: MARKET RECOVERY PROGRAM

    total $2,262,615

  • 24b · Other expenses: STAR PROGRAM EXPENSE

    total $208,095

  • 24c · Other expenses: MARKETING RESEARCH EXPE

    total $34,076

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $32,982

  • 24e · All other expenses

    total $5,699

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $298,541 · end of year $147,709

  • 2 · Savings and temporary cash investments

    beginning of year $7,934,972 · end of year $8,641,340

  • 4 · Accounts receivable

    beginning of year $139,507 · end of year $149,389

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,007 · end of year $126,387

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

    $306,025

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

    $196,729

  • 10c · Land, buildings and equipment, net

    beginning of year $109,639 · end of year $109,296

  • 11 · Investments: publicly traded securities

    beginning of year $16,146,969 · end of year $14,072,175

  • 15 · Other assets

    beginning of year $133,965 · end of year $362,834

  • 17 · Accounts payable and accrued expenses

    beginning of year $143,369 · end of year $54,149

  • 25 · Other liabilities

    beginning of year $349,405 · end of year $557,482

  • 27 · Net assets without donor restrictions

    beginning of year $24,303,826 · end of year $22,997,499

Mission and programs · 2024

Mission

TO PROMOTE ORGANIZATIONAL EFFECTIVENESS AND FOSTER COOPERATION BETWEEN LABOR AND MANAGEMENT BY SUPPORTING AND FINANCING THE ACTIVITIES OF THE JOINT TRADE BOARD AND TO HELP PROMOTE THE PAINTING AND DRYWALL INDUSTRY.

  • TO PROMOTE ORGANIZATIONAL EFFECTIVENESS AND FOSTER COOPERATION BETWEEN LABOR AND MANAGEMENT BY SUPPORTING AND FINANCING THE ACTIVITES OF THE JOINT TRADE BOARD AND TO HELP PROMOTE THE PAINTING AND DRYWALL INDUSTRY.

As filed on the 2024 return.

Listed in Part VII

  • JOSEPH RINEHART

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • MILES BEATTY

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • ANDREW PERCH

    FUND ADMINISTRATOR

    Total calculated
    $49,178
    From this org
    $49,178
    From related orgs
    $0
    Other
    $0
    Hours/week
    4 + 36 related

  • CLARK JOHNSON

    DIRECTOR OF MARKETING

    Total calculated
    $271,773
    From this org
    $169,383
    From related orgs
    $0
    Other
    $102,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,366
    Bonus
    $0
    Other
    $1,017
    Deferred
    $70,169
    Nontaxable benefits
    $32,221
    Filer's total
    $271,773

  • STEVE FITZGERALD

    ASSISTANT TO THE DIRECTOR

    Total calculated
    $223,718
    From this org
    $127,157
    From related orgs
    $0
    Other
    $96,561
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,189
    Bonus
    $0
    Other
    $1,968
    Deferred
    $64,340
    Nontaxable benefits
    $32,221
    Filer's total
    $223,718

  • ALYSSA GAWLINSKI

    ASSISTANT TO THE DIRECTOR

    Total calculated
    $213,342
    From this org
    $118,000
    From related orgs
    $0
    Other
    $95,342
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,153
    Bonus
    $0
    Other
    $1,847
    Deferred
    $63,121
    Nontaxable benefits
    $32,221
    Filer's total
    $213,342

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

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

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
2024
Filed
9 March 2026
IRS schema version
2024v5.5
Source object
202610689349300546

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