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← ELECTRICAL WORKERS JOINT APPRENTICE AND TRAINING TRUST FUND

Form 990 for tax year 2024

Filed by ELECTRICAL WORKERS JOINT APPRENTICE AND TRAINING TRUST FUND.

Totals

Total revenue
$7,311,209
Total expenses
$6,422,749
Contributions and grants received
$486,094
Grants paid
$0
Program service revenue
$5,946,153
Investment income
$747,410
Other revenue
$131,552
Total assets, end of year
$23,982,011
Total liabilities, end of year
$24,814
Net assets or fund balances, end of year
$23,957,197
Program services expenses (Part IX)
$4,528,550
Management and general expenses
$1,894,199
Fundraising expenses
$0
Program service expenses (Part III)
$4,528,550

Program services were 70.5% 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)

    $336,094

  • 1f · All other contributions, gifts and grants

    $150,000

  • 2a · Program service revenue: WORKING ASSESSMENTS

    total $5,854,023 · related or exempt $5,854,023

  • 2b · Program service revenue: APPLICATION FEES

    total $55,438 · related or exempt $55,438

  • 2c · Program service revenue: REIMBURSEMENTS

    total $28,142 · related or exempt $28,142

  • 2d · Program service revenue: TRIBUTE BOOK INCOME

    total $8,550 · related or exempt $8,550

  • 3 · Investment income

    total $498,386 · excluded $498,386

  • 6a · Gross rents

    real property $44,400

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $44,400

  • 6d · Net rental income or loss

    total $44,400 · excluded $44,400

  • 7a · Gross sales of assets other than inventory

    other assets $1,825,000

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

    other assets $1,575,976

  • 7c · Gain or loss

    other assets $249,024

  • 7d · Net gain or loss

    total $249,024 · excluded $249,024

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $87,152 · related or exempt $87,152

  • 11e · Other revenue, total

    $87,152

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $732,544 · program services $732,544

  • 5 · Compensation of officers, directors and key employees

    total $403,239 · program services $379,728 · management and general $23,511

  • 7 · Other salaries and wages

    total $1,630,379 · program services $1,388,833 · management and general $241,546

  • 8 · Pension plan contributions

    total $827,310 · program services $785,053 · management and general $42,257

  • 9 · Other employee benefits

    total $559,469 · program services $486,530 · management and general $72,939

  • 10 · Payroll taxes

    total $163,641 · management and general $163,641

  • 11b · Fees: legal

    total $30,428 · management and general $30,428

  • 11c · Fees: accounting

    total $149,391 · management and general $149,391

  • 11g · Fees: other

    total $29,103 · management and general $29,103

  • 12 · Advertising and promotion

    total $12,977 · management and general $12,977

  • 13 · Office expenses

    total $76,035 · management and general $76,035

  • 16 · Occupancy

    total $392,959 · program services $137,868 · management and general $255,091

  • 19 · Conferences, conventions and meetings

    total $16,899 · management and general $16,899

  • 22 · Depreciation, depletion and amortization

    total $473,419 · management and general $473,419

  • 23 · Insurance

    total $155,986 · management and general $155,986

  • 24a · Other expenses: SCHOOL MATERIALS AND SU

    total $364,324 · program services $364,324

  • 24b · Other expenses: INSTRUCTOR TRAINING

    total $213,923 · program services $213,923

  • 24c · Other expenses: SETTLEMENT EXPENSES

    total $143,345 · management and general $143,345

  • 24d · Other expenses: GRADUATION EXPENSES - N

    total $24,664 · program services $24,664

  • 24e · All other expenses

    total $22,714 · program services $15,083 · management and general $7,631

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $458,509 · end of year $465,271

  • 2 · Savings and temporary cash investments

    beginning of year $7,239,030 · end of year $9,554,709

  • 8 · Inventories for sale or use

    beginning of year $8,223 · end of year $193

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

    $15,777,159

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

    $4,662,501

  • 10c · Land, buildings and equipment, net

    beginning of year $12,547,715 · end of year $11,114,658

  • 12 · Investments: other securities

    beginning of year $2,947,937 · end of year $2,846,551

  • 15 · Other assets

    beginning of year $0 · end of year $629

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,267 · end of year $24,814

  • 25 · Other liabilities

    beginning of year $2,024 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $23,170,123 · end of year $23,957,197

Mission and programs · 2024

Mission

TO PROVIDE EDUCATION AND TRAINING FOR ALL APPRENTICES OF I.B.E.W. LOCAL UNION #98 AND TO PROVIDE CONTINUING EDUCATION FOR LOCAL UNION #98 JOURNEYMEN.

  • PROVIDE A PROGRAM OF APPRENTICESHIP SO THAT THE APPRENTICES OF TODAY, THROUGH A SYSTEMATIC PROGRAM OF SCHOOLING AND ON-THE-JOB TRAINING, CAN BECOME THE QUALIFIED ALL-AROUND JOURNEYMEN OF TOMORROW.

    Expenses $4,528,550 · Revenue $6,033,305

As filed on the 2024 return.

Listed in Part VII

  • James Foy

    TRUSTEE

    Total calculated
    $366,594
    From this org
    $0
    From related orgs
    $226,420
    Other
    $140,174
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,420 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $86,347 related
    Nontaxable benefits
    $0 + $53,827 related
    Filer's total
    $0 + $366,594 related
  • Gabrielle Edwards

    SECRETARY

    Total calculated
    $557
    From this org
    $0
    From related orgs
    $557
    Other
    $0
    Hours/week
    1 + 1 related
  • Shawn Duff

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Timothy Cahill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kevin Lynch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Bruce D Shelly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Brian Myers

    TRAINING DIRECTOR

    Total calculated
    $386,407
    From this org
    $233,832
    From related orgs
    $0
    Other
    $152,575
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $233,832
    Bonus
    $0
    Other
    $0
    Deferred
    $90,025
    Nontaxable benefits
    $62,550
    Filer's total
    $386,407
  • Louis Acampora Jr

    INSTRUCTOR

    Total calculated
    $317,596
    From this org
    $188,933
    From related orgs
    $0
    Other
    $128,663
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,933
    Bonus
    $0
    Other
    $0
    Deferred
    $70,094
    Nontaxable benefits
    $58,569
    Filer's total
    $317,596
  • Shawn McCarthy

    INSTRUCTOR

    Total calculated
    $300,957
    From this org
    $182,122
    From related orgs
    $0
    Other
    $118,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,122
    Bonus
    $0
    Other
    $0
    Deferred
    $70,117
    Nontaxable benefits
    $48,718
    Filer's total
    $300,957
  • Nicholas Gummel

    INSTRUCTOR

    Total calculated
    $276,855
    From this org
    $167,537
    From related orgs
    $0
    Other
    $109,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,537
    Bonus
    $0
    Other
    $0
    Deferred
    $64,502
    Nontaxable benefits
    $44,816
    Filer's total
    $276,855
  • Thomas Noreski

    INSTRUCTOR

    Total calculated
    $275,992
    From this org
    $167,015
    From related orgs
    $0
    Other
    $108,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,015
    Bonus
    $0
    Other
    $0
    Deferred
    $64,301
    Nontaxable benefits
    $44,676
    Filer's total
    $275,992
  • Luke W Bialy

    INSTRUCTOR

    Total calculated
    $274,461
    From this org
    $166,088
    From related orgs
    $0
    Other
    $108,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,088
    Bonus
    $0
    Other
    $0
    Deferred
    $63,944
    Nontaxable benefits
    $44,429
    Filer's total
    $274,461

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

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
2024
Filed
16 February 2026
IRS schema version
2024v5.5
Source object
202600479349300335

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