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Nonprofiteer
← TRADESFUTURES

Form 990 for tax year 2022

Filed by TRADESFUTURES.

Totals

Total revenue
$2,111,000
Total expenses
$463,059
Contributions and grants received
$2,111,000
Grants paid
$267,750
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,682,632
Total liabilities, end of year
$34,691
Net assets or fund balances, end of year
$1,647,941
Program services expenses (Part IX)
$424,351
Management and general expenses
$38,708
Fundraising expenses
$0
Program service expenses (Part III)
$424,351

Program services were 91.6% 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.

  • 1d · Related organizations

    $1,800,000

  • 1f · All other contributions, gifts and grants

    $311,000

  • 1g · Noncash contributions included above

    $15,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $267,750 · program services $267,750

  • 5 · Compensation of officers, directors and key employees

    total $90,904 · program services $90,904

  • 10 · Payroll taxes

    total $5,935 · program services $5,935

  • 11b · Fees: legal

    total $23,798 · management and general $23,798

  • 13 · Office expenses

    total $1,465 · management and general $1,465

  • 14 · Information technology

    total $71,230 · program services $57,785 · management and general $13,445

  • 17 · Travel

    total $1,977 · program services $1,977

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $1,663,656

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $15,000

  • 4 · Accounts receivable

    beginning of year $0 · end of year $3,976

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $34,691

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $1,647,941

Mission and programs · 2022

Mission

TO DEVELOP, PROMOTE AND IMPROVE APPRENTICESHIP READINESS PROGRAMS, WHICH ARE EDUCATIONAL PROGRAMS THAT PROVIDE STUDENTS WITH THE FUNDAMENTAL SKILLS AND KNOWLEDGE NECESSARY TO CHOOSE, OBTAIN AND SUCCEED IN A FORMAL APPRENTICESHIP IN THE CONSTRUCTION INDUSTRY. AND TO INCREASE DIVERSITY IN THE CONSTRUCTION INDUSTRY; TO CONDUCT AND/OR SPONSOR RESEARCH AND STUDIES CONCERNING THE REASONS INDIVIDUALS FAIL TO OBTAIN OR COMPLETE AN APPRENTICESHIP; AND TO EDUCATE THE PUBLIC ABOUT THE VARIOUS CAREER OPPORTUNITIES FOR CRAFT WORKERS IN THE CONSTRUCTION INDUSTRY.

Activities or mission (Part I)

TO DEVELOP, PROMOTE AND IMPROVE APPRENTICESHIP READINESS PROGRAMS, WHICH ARE EDUCATIONAL PROGRAMS THAT PROVIDE STUDENTS WITH THE FUNDAMENTAL SKILLS AND KNOWLEDGE NECESSARY TO CHOOSE, OBTAIN AND SUCCEED IN A FORMAL APPRENTICESHIP IN THE CONSTRUCTION INDUSTRY.

  • TO DEVELOP, PROMOTE AND IMPROVE APPRENTICESHIP READINESS PROGRAMS, WHICH ARE EDUCATIONAL PROGRAMS THAT PROVIDE STUDENTS WITH THE FUNDAMENTAL SKILLS AND KNOWLEDGE NECESSARY TO CHOOSE, OBTAIN AND SUCCEED IN A FORMAL APPRENTICESHIP IN THE CONSTRUCTION INDUSTRY. AND TO INCREASE DIVERSITY IN THE CONSTRUCTION INDUSTRY; TO CONDUCT AND/OR SPONSOR RESEARCH AND STUDIES CONCERNING THE REASONS INDIVIDUALS FAIL TO OBTAIN OR COMPLETE AN APPRENTICESHIP; AND TO EDUCATE THE PUBLIC ABOUT THE VARIOUS CAREER OPPORTUNITIES FOR CRAFT WORKERS IN THE CONSTRUCTION INDUSTRY.

    Expenses $424,351 · Grants $267,750

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sean McGarvey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brent Booker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sam Lyon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tom Ensminger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeff Peoples

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Alison Ziogas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melissa Wells

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Monroe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nicole Schwartz

    EXECUTIVE DIRECTOR

    Total calculated
    $90,904
    From this org
    $74,363
    From related orgs
    $0
    Other
    $16,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $74,363
    Bonus
    $0
    Other
    $0
    Deferred
    $14,840
    Nontaxable benefits
    $1,701
    Filer's total
    $90,904

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

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART II:
THE NORTH AMERICAN BUILDING TRADES UNION (NABTU) PROVIDES SALARIES AND BENEFITS FOR THE EXECUTIVE DIRECTOR OF THE ORGANIZATION, WHICH IS REPAID BY THE ORGANIZATION. DURING THE YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATION PAID NABTU $98,816 FOR SUCH SERVICES.

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

  • NONTRADITIONAL EMPLOYMENT FOR WOMEN

    $200,000

    TO HELP LAUNCH A CHILDCARE ASSISTANCE PROGRAM FOR UNDERREPRESENTED WORKERS IN THE CONSTRUCTION INDUSTRY

  • MILWAUKEE AREA TECHNICAL COLLEGE

    $67,750

    TO RESERVE 6 SLOTS FOR CHILDREN OF REGISTERED APPRENTICE OR JOURNEY-LEVEL WORKERS IN THE CONSTRUCTION INDUSTRY WHO COME FROM THE SURROUNDING COMMUNITIES, IN ORDER TO HELP SUPPORT CAREER PATHWAYS AND HIGH-QUALITY JOBS IN CONSTRUCTION FOR PEOPLE OF COLOR, WOMEN, VETERANS AND OTHER HISTORICALLY UNDERREPRESENTED GROUPS.

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
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349304028

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