Form 990 for tax year 2022
Filed by LOCAL UNION 102 JOINT TRAINING FUND.
Totals
- Total revenue
- $2,716,680
- Total expenses
- $2,921,751
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,865,766
- Investment income
- $173,187
- Other revenue
- -$322,273
- Total assets, end of year
- $7,313,076
- Total liabilities, end of year
- $1,838,171
- Net assets or fund balances, end of year
- $5,474,905
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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 $2,865,766 · unrelated business $0 · excluded $0
-
3 · Investment income
total $128,120 · unrelated business $0 · excluded $128,120
-
7a · Gross sales of assets other than inventory
securities $888,028
-
7b · Less cost or other basis and sales expenses
securities $842,961
-
7c · Gain or loss
securities $45,067
-
7d · Net gain or loss
total $45,067 · related or exempt $0 · unrelated business $0 · excluded $45,067
-
11a · Other revenue: UNREALIZED APPRECIATION OF INVESTMENTS
total -$322,273 · related or exempt $0 · unrelated business $0 · excluded -$322,273
-
11e · Other revenue, total
-$322,273
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $199,109 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $859,817 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $312,160 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $280,415 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $84,942 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $19,250 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $7,500 · program services $0 · management and general $0 · fundraising $0
-
11f · Fees: investment management
total $41,388 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $60,343 · program services $0 · management and general $0 · fundraising $0
-
14 · Information technology
total $62,786 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $376,399 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $19,739 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $55,106 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $31,110 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: STORAGE RENT
total $7,549 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: REPAIRS
total $2,637 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: EDUCATIONAL EXPENSES
total $472,143 · program services $0 · management and general $0 · fundraising $0
-
24d · Other expenses: PAYROLL PROCESSING
total $5,108 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $24,250 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,737,487 · end of year $1,778,002
-
4 · Accounts receivable
beginning of year $212,000 · end of year $254,000
-
9 · Prepaid expenses and deferred charges
beginning of year $30,777 · end of year $32,585
-
10a · Land, buildings and equipment: cost or other basis
$918,159
-
10b · Land, buildings and equipment: accumulated depreciation
$774,771
-
10c · Land, buildings and equipment, net
beginning of year $104,511 · end of year $143,388
-
11 · Investments: publicly traded securities
beginning of year $3,643,695 · end of year $3,420,170
-
15 · Other assets
beginning of year $0 · end of year $1,684,931
-
17 · Accounts payable and accrued expenses
beginning of year $48,494 · end of year $153,240
-
25 · Other liabilities
beginning of year $0 · end of year $1,684,931
-
27 · Net assets without donor restrictions
beginning of year $5,679,976 · end of year $5,474,905
Mission and programs · 2022
Mission
Apprentice & Journeyman Training for Electricians
-
EDUCATION OF ELECTRICIAN APPRENTICES & JOURNEYMEN
As filed on the 2022 return.
Listed in Part VII
-
Joseph Stark
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michael Scotto
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
John Guemple
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Bob DelleCava
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Nick Castello
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Danny Bracuto
Trustee / Instuctor
- Total calculated
- $9,257
- From this org
- $5,934
- From related orgs
- $0
- Other
- $3,323
- Hours/week
- 2
-
Victor Bland
Trustee / Instuctor
- Total calculated
- $38,119
- From this org
- $24,435
- From related orgs
- $0
- Other
- $13,684
- Hours/week
- 10
-
Harold Post
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Bernie CorriganBERNIE CORRIGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Paul FiorePAUL FIORE
ASSISTANT DIRECTOR
- Total calculated
- $310,610
- From this org
- $199,109
- From related orgs
- $0
- Other
- $111,501
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $194,559
- Bonus
- $0
- Other
- $4,550
- Deferred
- $59,733
- Nontaxable benefits
- $51,768
- Filer's total
- $310,610
-
Mark BattaglieseMARK BATTAGLIESE
INSTRUCTOR
- Total calculated
- $222,437
- From this org
- $142,588
- From related orgs
- $0
- Other
- $79,849
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,588
- Bonus
- $0
- Other
- $0
- Deferred
- $42,776
- Nontaxable benefits
- $37,073
- Filer's total
- $222,437
-
Eric TscherneERIC TSCHERNE
INSTRUCTOR
- Total calculated
- $231,994
- From this org
- $148,714
- From related orgs
- $0
- Other
- $83,280
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,714
- Bonus
- $0
- Other
- $0
- Deferred
- $44,614
- Nontaxable benefits
- $38,666
- Filer's total
- $231,994
-
Joseph CucuzzaJOSEPH CUCUZZA
INSTRUCTOR
- Total calculated
- $222,437
- From this org
- $142,588
- From related orgs
- $0
- Other
- $79,849
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,588
- Bonus
- $0
- Other
- $0
- Deferred
- $42,776
- Nontaxable benefits
- $37,073
- Filer's total
- $222,437
-
Matthew D OswaldMATTHEW D OSWALD
INSTRUCTOR
- Total calculated
- $222,437
- From this org
- $142,588
- From related orgs
- $0
- Other
- $79,849
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,588
- Bonus
- $0
- Other
- $0
- Deferred
- $42,776
- Nontaxable benefits
- $37,073
- Filer's total
- $222,437
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
The filer's explanations (Part III)
- Pt I Line 3
- COMPENSATION OF THE ASSISTANT DIRECTOR AND INSTRUCTORS ARE DETERMINED BY UTILIZING THE WAGE SCHEDULE INCLUDED IN THE CURRENT COLLECTIVE BARGAINING AGREEMENT AS A FRAMEWORK FOR DETERMINING COMPENSATION. COMPENSATION IS APPROVED BY THE TRUSTEES. THE DIRECTOR SERVES WITHOUT COMPENSATION FROM THE FUND.
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.
-
501(c)2 · LANDLORD - LESSOR OF FACILITY · NJ
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342859349300924
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.