Form 990 for tax year 2023
Filed by FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND.
Totals
- Total revenue
- $3,756,417
- Total expenses
- $3,830,842
- Contributions and grants received
- $864,844
- Grants paid
- $0
- Program service revenue
- $2,797,685
- Investment income
- $93,188
- Other revenue
- $700
- Total assets, end of year
- $3,044,740
- Total liabilities, end of year
- $260,705
- Net assets or fund balances, end of year
- $2,784,035
- Program services expenses (Part IX)
- $2,195,059
- Management and general expenses
- $1,635,783
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,195,059
Program services were 57.3% 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.
-
1e · Government grants (contributions)
$839,444
-
1f · All other contributions, gifts and grants
$25,400
-
2a · Program service revenue: EMPLOYER CONTRIBUTIONS
total $2,666,112 · related or exempt $2,666,112
-
2b · Program service revenue: PSEO DUEL ENROLLMENT F
total $84,500 · related or exempt $84,500
-
2c · Program service revenue: STAR FUND REIMBURSEMEN
total $14,490 · related or exempt $14,490
-
2d · Program service revenue: TRAINING INCOME
total $13,803 · related or exempt $13,803
-
2e · Program service revenue: TUITION
total $11,457 · related or exempt $11,457
-
2f · All other program service revenue
total $7,323 · related or exempt $7,323
-
3 · Investment income
total $93,188 · excluded $93,188
-
11a · Other revenue: REIMBURSEMENTS
total $700 · excluded $700
-
11e · Other revenue, total
$700
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,430,680 · program services $846,920 · management and general $583,760
-
8 · Pension plan contributions
total $434,066 · program services $286,035 · management and general $148,031
-
9 · Other employee benefits
total $330,488 · program services $178,133 · management and general $152,355
-
10 · Payroll taxes
total $108,710 · program services $64,278 · management and general $44,432
-
11b · Fees: legal
total $29,570 · management and general $29,570
-
11c · Fees: accounting
total $20,000 · management and general $20,000
-
11d · Fees: lobbying
total $120,000 · management and general $120,000
-
11g · Fees: other
total $171,450 · program services $171,450
-
12 · Advertising and promotion
total $134,515 · management and general $134,515
-
13 · Office expenses
total $84,474 · management and general $84,474
-
16 · Occupancy
total $119,385 · program services $107,446 · management and general $11,939
-
17 · Travel
total $111,310 · management and general $111,310
-
20 · Interest
total $1,372 · management and general $1,372
-
22 · Depreciation, depletion and amortization
total $114,188 · program services $75,303 · management and general $38,885
-
23 · Insurance
total $41,506 · management and general $41,506
-
24a · Other expenses: LEASE EXPENSE
total $286,616 · program services $248,740 · management and general $37,876
-
24b · Other expenses: TRAINING SUPPLIES
total $97,557 · program services $97,557
-
24c · Other expenses: APPRENTICE TRAINING
total $67,944 · program services $67,944
-
24d · Other expenses: EQUIP MAINT/RENTAL
total $62,358 · management and general $62,358
-
24e · All other expenses
total $64,653 · program services $51,253 · management and general $13,400
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $402,154 · end of year $171,687
-
2 · Savings and temporary cash investments
beginning of year $1,803,833 · end of year $1,891,026
-
4 · Accounts receivable
beginning of year $579,669 · end of year $619,581
-
9 · Prepaid expenses and deferred charges
beginning of year $7,446 · end of year $9,518
-
10a · Land, buildings and equipment: cost or other basis
$1,909,526
-
10b · Land, buildings and equipment: accumulated depreciation
$1,574,386
-
10c · Land, buildings and equipment, net
beginning of year $255,948 · end of year $335,140
-
15 · Other assets
beginning of year $230,272 · end of year $17,788
-
17 · Accounts payable and accrued expenses
beginning of year $132,693 · end of year $192,882
-
23 · Secured mortgages and notes payable
beginning of year $7,430 · end of year $0
-
25 · Other liabilities
beginning of year $280,739 · end of year $67,823
-
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 $2,858,460 · end of year $2,784,035
Mission and programs · 2023
Mission
APPRENTICESHIP AND TRAINING PROGRAM.
Activities or mission (Part I)
APPRENTICESHIP TRAINING FUND
-
ESTABLISH AND CARRY ON APPRENTICESHIP AND JOURNEYMAN TRAINING PROGRAMS FOR PERSONS IN THE BUSINESS OF PAINTING, DECORATING, DRYWALL FINISHING, GLAZING AND GLASSWORKING, AND IN SUCH OTHER BUSINESSES AS THE TRUSTEES SHALL DETERMINE.
Expenses $2,195,059 · Revenue $2,797,685
As filed on the 2023 return.
Listed in Part VII
-
Jeff StarkJEFF STARK
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Craig PeckCRAIG PECK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jordan FryJORDAN FRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott ParkerSCOTT PARKER
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Teresa EllisTERESA ELLIS
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jon PietzJON PIETZ
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Martha HenricksonMARTHA HENRICKSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
James BringleJAMES BRINGLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joel SwansonJOEL SWANSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John NesseJOHN NESSE
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Matt HorovitzMATT HOROVITZ
ALTERNATE TRUSTEE - PAST
- Total calculated
- $0
- Hours/week
- 0.5
-
Chad FennellCHAD FENNELL
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Shane BoskovichSHANE BOSKOVICH
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Phil CarterPHIL CARTER
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Tom AasheimTOM AASHEIM
DIRECTOR OF TECH EDUCATION
- Total calculated
- $187,512
- From this org
- $125,859
- From related orgs
- $0
- Other
- $61,653
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $125,859
- Bonus
- $0
- Other
- $0
- Deferred
- $40,505
- Nontaxable benefits
- $21,148
- Filer's total
- $187,512
-
John BurcawJOHN BURCAW
CHIEF ADMIN OFFICER
- Total calculated
- $182,323
- From this org
- $120,670
- From related orgs
- $0
- Other
- $61,653
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $120,670
- Bonus
- $0
- Other
- $0
- Deferred
- $40,505
- Nontaxable benefits
- $21,148
- Filer's total
- $182,323
-
Brian HagbergBRIAN HAGBERG
COORDINATOR
- Total calculated
- $155,246
- From this org
- $104,171
- From related orgs
- $0
- Other
- $51,075
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $104,171
- Bonus
- $0
- Other
- $0
- Deferred
- $28,389
- Nontaxable benefits
- $22,686
- Filer's total
- $155,246
-
Anthony OsbornANTHONY OSBORN
INSTRUCTOR
- Total calculated
- $150,975
- From this org
- $100,488
- From related orgs
- $0
- Other
- $50,487
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $100,488
- Bonus
- $0
- Other
- $0
- Deferred
- $28,062
- Nontaxable benefits
- $22,425
- Filer's total
- $150,975
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
- 3 · Approval by the board or compensation committee
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)
- PART I, LINE 3
- COMPENSATION FOR THE CHIEF ADMIN OFFICER IS SET BY THE BOARD OF TRUSTEES. COMPENSATION ADJUSTMENTS ARE COMPLETED ANNUALLY BASED ON UNION CONTRACTS, WHICH ARE SET THROUGH NEGOTIATIONS. THE BOARD OF TRUSTEES APPROVES THE ANNUAL COMPENSATION THROUGH REVIEW OF THE ANNUAL BUDGET.
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511329349304136
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