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Nonprofiteer
← IRONWORKERS JOINT APPRENTICESHIP TRUST FUND 550

Form 990 for tax year 2022

Filed by IRONWORKERS JOINT APPRENTICESHIP TRUST FUND 550.

Totals

Total revenue
$689,542
Total expenses
$455,758
Contributions and grants received
$57,989
Grants paid
$0
Program service revenue
$582,389
Investment income
$553
Other revenue
$48,611
Total assets, end of year
$1,691,618
Total liabilities, end of year
$550,265
Net assets or fund balances, end of year
$1,141,353
Program services expenses (Part IX)
$356,996
Management and general expenses
$98,762
Fundraising expenses
$0
Program service expenses (Part III)
$356,996

Program services were 78.3% 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.

  • 1d · Related organizations

    $4,000

  • 1f · All other contributions, gifts and grants

    $53,989

  • 2a · Program service revenue: Ironworkers Internation

    total $582,389 · related or exempt $582,389

  • 3 · Investment income

    total $553 · excluded $553

  • 6a · Gross rents

    real property $2,400

  • 6c · Rental income or loss

    real property $2,400

  • 6d · Net rental income or loss

    total $2,400 · excluded $2,400

  • 11a · Other revenue: Training

    total $28,051 · related or exempt $28,051

  • 11b · Other revenue: Book Reimbursement

    total $14,664 · related or exempt $14,664

  • 11c · Other revenue: Other Income

    total $3,496 · related or exempt $3,496

  • 11e · Other revenue, total

    $46,211

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $72,532 · program services $50,772 · management and general $21,760

  • 7 · Other salaries and wages

    total $75,948 · program services $75,948

  • 8 · Pension plan contributions

    total $46,856 · program services $46,856

  • 9 · Other employee benefits

    total $43,431 · program services $43,431

  • 10 · Payroll taxes

    total $16,979 · program services $16,979

  • 11c · Fees: accounting

    total $8,976 · management and general $8,976

  • 11g · Fees: other

    total $1,497 · program services $1,497

  • 13 · Office expenses

    total $40,171 · program services $40,171

  • 16 · Occupancy

    total $40,148 · program services $31,968 · management and general $8,180

  • 17 · Travel

    total $3,223 · program services $3,223

  • 19 · Conferences, conventions and meetings

    total $5,442 · program services $5,442

  • 20 · Interest

    total $23,946 · program services $23,946

  • 22 · Depreciation, depletion and amortization

    total $59,846 · management and general $59,846

  • 23 · Insurance

    total $4,619 · program services $4,619

  • 24a · Other expenses: TrainingClasses

    total $6,551 · program services $6,551

  • 24b · Other expenses: Miscellaneous Expenses

    total $2,934 · program services $2,934

  • 24c · Other expenses: Bank Charges

    total $1,980 · program services $1,980

  • 24d · Other expenses: IT Costs

    total $179 · program services $179

  • 24e · All other expenses

    total $500 · program services $500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,042 · end of year $155,732

  • 2 · Savings and temporary cash investments

    beginning of year $68,968 · end of year $129,701

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

    $1,948,979

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

    $542,794

  • 10c · Land, buildings and equipment, net

    beginning of year $1,392,907 · end of year $1,406,185

  • 23 · Secured mortgages and notes payable

    beginning of year $599,397 · end of year $539,562

  • 25 · Other liabilities

    beginning of year $5,951 · end of year $10,703

  • 31 · Retained earnings, endowment or other funds

    beginning of year $907,569 · end of year $1,141,353

Mission and programs · 2022

Mission

Education & Training of Apprentices

  • Training of Apprentices Via a four-year program to enter the job market as Journeyman Ironworkers

    Expenses $326,170 · Revenue $600,505

  • Re-training of Journeymen Ironworkers to be able to utilize new technology

    Expenses $30,826 · Revenue $28,095

As filed on the 2022 return.

Listed in Part VII

  • Theron Hodge

    Trustee

    Total calculated
    $84,388
    From this org
    $0
    From related orgs
    $84,388
    Other
    $0
    Hours/week
    1 + 40 related

  • William Sherer II

    Chairman

    Total calculated
    $81,236
    From this org
    $0
    From related orgs
    $81,236
    Other
    $0
    Hours/week
    1 + 48 related

  • Shawn McCartney

    Coordinator

    Total calculated
    $72,532
    From this org
    $72,532
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Gary Craft

    Trustee

    Total calculated
    $10,110
    From this org
    $0
    From related orgs
    $10,110
    Other
    $0
    Hours/week
    1 + 40 related

  • Steve Cafaro

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jim Chapman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Geoff Nicely

    Secretary

    Total calculated
    $0
    Hours/week
    1

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.

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
2022
Filed
3 May 2023
IRS schema version
2022v5.0
Source object
202301359349313105

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