Form 990 for tax year 2024
Filed by SMART LOCAL 265 EDUCATION AND TRAINING TRUST FUND.
Totals
- Total revenue
- $3,453,127
- Total expenses
- $2,999,745
- Contributions and grants received
- $31,932
- Grants paid
- $0
- Program service revenue
- $3,224,595
- Investment income
- $129,924
- Other revenue
- $66,676
- Total assets, end of year
- $12,866,951
- Total liabilities, end of year
- $7,862,436
- Net assets or fund balances, end of year
- $5,004,515
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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
$31,932
-
2a · Program service revenue: CONTRACTOR CONTRIBUTIONS
total $3,224,595 · related or exempt $3,224,595
-
3 · Investment income
total $129,924 · excluded $129,924
-
7a · Gross sales of assets other than inventory
securities $2,342,000
-
7b · Less cost or other basis and sales expenses
securities $2,342,000
-
7c · Gain or loss
securities $0
-
11a · Other revenue: MISCELLANEOUS
total $66,676 · related or exempt $66,676
-
11e · Other revenue, total
$66,676
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $85,505
-
7 · Other salaries and wages
total $1,012,627
-
8 · Pension plan contributions
total $261,879
-
9 · Other employee benefits
total $277,407
-
10 · Payroll taxes
total $70,686
-
11b · Fees: legal
total $9,575
-
11c · Fees: accounting
total $20,043
-
13 · Office expenses
total $235,711
-
14 · Information technology
total $68,453
-
16 · Occupancy
total $464,793
-
19 · Conferences, conventions and meetings
total $17,128
-
22 · Depreciation, depletion and amortization
total $118,799
-
23 · Insurance
total $21,766
-
24a · Other expenses: LOSS ON DISPOSAL OF PRO
total $226,272
-
24b · Other expenses: SCHOOL SUPPLIES
total $102,740
-
24c · Other expenses: OUTSIDE COURSES
total $6,361
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,830,608 · end of year $2,812,459
-
4 · Accounts receivable
beginning of year $261,713 · end of year $342,312
-
9 · Prepaid expenses and deferred charges
beginning of year $9,636 · end of year $9,577
-
10a · Land, buildings and equipment: cost or other basis
$2,583,295
-
10b · Land, buildings and equipment: accumulated depreciation
$521,950
-
10c · Land, buildings and equipment, net
beginning of year $498,323 · end of year $2,061,345
-
15 · Other assets
beginning of year $27,973 · end of year $7,641,258
-
17 · Accounts payable and accrued expenses
beginning of year $37,235 · end of year $135,192
-
25 · Other liabilities
beginning of year $43,305 · end of year $7,727,244
-
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 $4,547,713 · end of year $5,004,515
Mission and programs · 2024
Mission
THE PLAN WAS ESTABLISHED AS AN EDUCATION FUND FOR THE PROFESSIONAL TRADE EDUCATION OF SUBSTANTIALLY ALL PARTICIPATING PERSON'S UNDER THE UNION'S COLLECTIVE BARGAINING AGREEMENT.
Activities or mission (Part I)
THE PLAN WAS ESTABLISHED AS AN EDUCATION FUND FOR THE PROFESSIONAL TRADE EDUCATION OF SUBSTANTIALLY ALL PARTICIPATING PERSONS UNDER THE UNION'S COLLECTIVE BARGAINING AGREEMENT.
-
PROFESSIONAL TRADE EDUCATION PROGRAM FOR THE PURPOSE OF TRAINING INDIVIDUALS.
As filed on the 2024 return.
Listed in Part VII
-
Pat HudgensPAT HUDGENS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Ric DahlmanRIC DAHLMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Henry ArtlipHENRY ARTLIP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Tom SyronTOM SYRON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Kevin GalassKEVIN GALASS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Ken WiesbrookKEN WIESBROOK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Brian DahlmanBRIAN DAHLMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Brian McSherryBRIAN MCSHERRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Jeff LukitshJEFF LUKITSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Matt GugalaMATT GUGALA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
John DanielJOHN DANIEL
FORMER TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Joseph CaroneJOSEPH CARONE
INSTRUCTOR
- Total calculated
- $231,908
- From this org
- $154,851
- From related orgs
- $0
- Other
- $77,057
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,851
- Bonus
- $0
- Other
- $0
- Deferred
- $44,063
- Nontaxable benefits
- $32,994
- Filer's total
- $231,908
-
Anthony AarnsANTHONY AARNS
INSTRUCTOR
- Total calculated
- $212,547
- From this org
- $140,575
- From related orgs
- $0
- Other
- $71,972
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,575
- Bonus
- $0
- Other
- $0
- Deferred
- $39,580
- Nontaxable benefits
- $32,392
- Filer's total
- $212,547
-
Kelly MarcellisKELLY MARCELLIS
INSTRUCTOR
- Total calculated
- $215,388
- From this org
- $143,562
- From related orgs
- $0
- Other
- $71,826
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,562
- Bonus
- $0
- Other
- $0
- Deferred
- $39,453
- Nontaxable benefits
- $32,373
- Filer's total
- $215,388
-
Dennis MoranDENNIS MORAN
DIRECTOR OF TRAINING
- Total calculated
- $212,726
- From this org
- $143,051
- From related orgs
- $0
- Other
- $69,675
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,051
- Bonus
- $0
- Other
- $0
- Deferred
- $37,557
- Nontaxable benefits
- $32,118
- Filer's total
- $212,726
-
Christopher JamesCHRISTOPHER JAMES
INSTRUCTOR
- Total calculated
- $203,878
- From this org
- $133,618
- From related orgs
- $0
- Other
- $70,260
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,618
- Bonus
- $0
- Other
- $0
- Deferred
- $38,073
- Nontaxable benefits
- $32,187
- Filer's total
- $203,878
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
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) 9 · WELFARE FUND · IL
-
SMART LOCAL 265 PENSION FUND
401(A) · PENSION FUND · IL
-
501(C) 5 · LABOR MGMNT COOPERATION COMMITTEE · IL
-
SMART LOCAL 265 SUPP RETIREMENT SAVINGS FUND
401(A) · ANNUITY FUND · IL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 26 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202620299349300232
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.