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Nonprofiteer
← LAKE COUNTY JATC

Form 990 for tax year 2022

Filed by LAKE COUNTY JATC.

Totals

Total revenue
$901,529
Total expenses
$1,002,154
Contributions and grants received
$5,000
Grants paid
$0
Program service revenue
$928,889
Investment income
-$36,936
Other revenue
$4,576
Total assets, end of year
$1,639,000
Total liabilities, end of year
$3,923
Net assets or fund balances, end of year
$1,635,077
Program services expenses (Part IX)
$634,087
Management and general expenses
$368,067
Fundraising expenses
$0
Program service expenses (Part III)
$634,087

Program services were 63.3% 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.

  • 1f · All other contributions, gifts and grants

    $5,000

  • 2a · Program service revenue: CONTRACTOR ASSESSMENTS

    total $865,413 · related or exempt $865,413

  • 2b · Program service revenue: PROGRAM FEES

    total $63,476 · related or exempt $63,476

  • 3 · Investment income

    total $35,740 · excluded $35,740

  • 7a · Gross sales of assets other than inventory

    other assets $527,017

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

    securities $599,693

  • 7c · Gain or loss

    securities -$599,693 · other assets $527,017

  • 7d · Net gain or loss

    total -$72,676 · excluded -$72,676

  • 11a · Other revenue: REFUNDS & REIMBURSEMENT

    total $4,576 · related or exempt $4,576

  • 11e · Other revenue, total

    $4,576

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $419,327 · program services $236,260 · management and general $183,067

  • 8 · Pension plan contributions

    total $148,476 · program services $96,145 · management and general $52,331

  • 9 · Other employee benefits

    total $90,995 · program services $59,318 · management and general $31,677

  • 10 · Payroll taxes

    total $33,142 · program services $18,673 · management and general $14,469

  • 11b · Fees: legal

    total $7,941 · management and general $7,941

  • 11c · Fees: accounting

    total $7,102 · management and general $7,102

  • 13 · Office expenses

    total $11,927 · program services $6,917 · management and general $5,010

  • 14 · Information technology

    total $7,145 · program services $1,786 · management and general $5,359

  • 16 · Occupancy

    total $64,580 · program services $48,435 · management and general $16,145

  • 19 · Conferences, conventions and meetings

    total $23,034 · program services $17,275 · management and general $5,759

  • 22 · Depreciation, depletion and amortization

    total $43,656 · program services $33,490 · management and general $10,166

  • 23 · Insurance

    total $23,750 · management and general $23,750

  • 24a · Other expenses: TEXTBOOKS & TRAINING

    total $98,865 · program services $98,865

  • 24b · Other expenses: APPLICATIONGRAD EXPENSE

    total $4,763 · program services $4,763

  • 24c · Other expenses: AUTO EXPENSE

    total $5,291 · management and general $5,291

  • 24d · Other expenses: PHYSICALS & DRUG TESTING

    total $12,160 · program services $12,160

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,515 · end of year $76,865

  • 2 · Savings and temporary cash investments

    beginning of year $105,259 · end of year $7,148

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

    $2,053,637

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

    $1,485,481

  • 10c · Land, buildings and equipment, net

    beginning of year $611,813 · end of year $568,156

  • 11 · Investments: publicly traded securities

    beginning of year $967,089 · end of year $986,831

  • 23 · Secured mortgages and notes payable

    beginning of year $5,736

  • 25 · Other liabilities

    beginning of year $4,180 · end of year $3,923

  • 27 · Net assets without donor restrictions

    beginning of year $1,674,245 · end of year $1,631,052

  • 28 · Net assets with donor restrictions

    beginning of year $4,515 · end of year $4,025

Mission and programs · 2022

Mission

THE EDUCATION OF APPRENTICE AND JOURNEYMEN ELECTRICIANS FOR IBEW LOCAL 150

  • EDUCATION OF APPRENTICES AND JOURNEYMEN ELECTRICIANS

    Expenses $634,087

As filed on the 2022 return.

Listed in Part VII

  • Bryan Sorensen

    TRAINING DIRECTOR

    Total calculated
    $228,683
    From this org
    $127,281
    From related orgs
    $0
    Other
    $101,402
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $127,281
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $101,402
    Filer's total
    $228,683

  • Christopher Haag

    TRUSTEE

    Total calculated
    $4,504
    From this org
    $2,739
    From related orgs
    $0
    Other
    $1,765
    Hours/week
    2

  • Joseph Catella

    TRUSTEE

    Total calculated
    $4,163
    From this org
    $2,294
    From related orgs
    $0
    Other
    $1,869
    Hours/week
    2

  • Michael Patenaude

    TRUSTEE

    Total calculated
    $2,284
    From this org
    $1,230
    From related orgs
    $0
    Other
    $1,054
    Hours/week
    2

  • Steve Smart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Husko

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Carl Ehr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tom Morton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dave Ahern

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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 · 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

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
2022
Filed
20 November 2023
IRS schema version
2022v5.0
Source object
202343339349300614

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