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Nonprofiteer
← INDIANA LABORERS TRAINING TRUST FUND

Form 990 for tax year 2023

Filed by INDIANA LABORERS TRAINING TRUST FUND.

Totals

Total revenue
$8,008,011
Total expenses
$8,517,111
Contributions and grants received
$6,532,824
Grants paid
$51,000
Program service revenue
$0
Investment income
$1,473,603
Other revenue
$1,584
Total assets, end of year
$20,405,425
Total liabilities, end of year
$667,290
Net assets or fund balances, end of year
$19,738,135
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.

  • 1b · Membership dues

    $6,532,824

  • 3 · Investment income

    total $452,351 · excluded $452,351

  • 7a · Gross sales of assets other than inventory

    securities $5,368,592

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

    securities $4,347,340

  • 7c · Gain or loss

    securities $1,021,252

  • 7d · Net gain or loss

    total $1,021,252 · excluded $1,021,252

  • 11a · Other revenue: Miscellaneous

    total $1,584 · related or exempt $1,584

  • 11e · Other revenue, total

    $1,584

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $51,000

  • 5 · Compensation of officers, directors and key employees

    total $180,320

  • 7 · Other salaries and wages

    total $2,599,276

  • 8 · Pension plan contributions

    total $879,446

  • 9 · Other employee benefits

    total $563,087

  • 10 · Payroll taxes

    total $216,009

  • 11a · Fees: management

    total $40,201

  • 11b · Fees: legal

    total $26,616

  • 11c · Fees: accounting

    total $13,512

  • 11f · Fees: investment management

    total $21,220

  • 12 · Advertising and promotion

    total $3,842

  • 13 · Office expenses

    total $68,959

  • 16 · Occupancy

    total $428,665

  • 17 · Travel

    total $157,727

  • 19 · Conferences, conventions and meetings

    total $10,224

  • 21 · Payments to affiliates

    total $1,797,130

  • 22 · Depreciation, depletion and amortization

    total $318,337

  • 23 · Insurance

    total $120,523

  • 24a · Other expenses: Trainee Allowance

    total $461,454

  • 24b · Other expenses: Instructional Supplies

    total $238,536

  • 24c · Other expenses: Food and Food Services

    total $147,722

  • 24d · Other expenses: Contracted Vocational T

    total $67,649

  • 24e · All other expenses

    total $105,656

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $511,820 · end of year $741,442

  • 4 · Accounts receivable

    beginning of year $440,135 · end of year $526,318

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,170 · end of year $41,807

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

    $9,834,762

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

    $6,353,795

  • 10c · Land, buildings and equipment, net

    beginning of year $3,355,288 · end of year $3,480,967

  • 11 · Investments: publicly traded securities

    beginning of year $16,061,857 · end of year $15,614,691

  • 17 · Accounts payable and accrued expenses

    beginning of year $512,847 · end of year $667,290

  • 27 · Net assets without donor restrictions

    beginning of year $19,895,623 · end of year $19,738,135

Mission and programs · 2023

Mission

Providing continuous programs of pre-job training, retraining and upgrading of personnel employed in the construction industry in Indiana.

  • Provided approximately 4,400 course completions in apprenticeship training and instruction.

  • Provided approximately 200 course completions to journeyman laborers in hazardous waste abatement and safety.

  • Provided approximately 1,330 retraining and upgrading course completions to journeyman laborers.

As filed on the 2023 return.

Listed in Part VII

  • Rick Henson Jr

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Mike Ferrara

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kelly Abel

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Chris Brickey

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Stan Meyer

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Brian Short

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Joe Bolk

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jim Wiseman

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Ramon Mendoza

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Nick Timmerman

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • John Brown

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • David Frye

    Secretary-Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Sean Coakley

    Director

    Total calculated
    $180,320
    From this org
    $110,639
    From related orgs
    $0
    Other
    $69,681
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,639
    Bonus
    $0
    Other
    $0
    Deferred
    $54,211
    Nontaxable benefits
    $15,470
    Filer's total
    $180,320

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

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
3 December 2024
IRS schema version
2023v5.1
Source object
202433469349300333

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