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← IUOE AND PIPE LINE CONTRACTORS ASSOC NATL PIPE LINE TRAINING FUND

Form 990 for tax year 2024

Filed by IUOE AND PIPE LINE CONTRACTORS ASSOC NATL PIPE LINE TRAINING FUND.

Totals

Total revenue
$6,924,275
Total expenses
$7,459,948
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,248,722
Investment income
$3,675,553
Other revenue
$0
Total assets, end of year
$97,446,138
Total liabilities, end of year
$1,113,157
Net assets or fund balances, end of year
$96,332,981
Program services expenses (Part IX)
$7,275,943
Management and general expenses
$184,005
Fundraising expenses
$0
Program service expenses (Part III)
$7,275,943

Program services were 97.5% 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.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $3,248,722 · related or exempt $3,248,722

  • 3 · Investment income

    total $3,179,699 · excluded $3,179,699

  • 7a · Gross sales of assets other than inventory

    securities $800,000

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

    securities $304,146

  • 7c · Gain or loss

    securities $495,854

  • 7d · Net gain or loss

    total $495,854 · excluded $495,854

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $26,286 · management and general $26,286

  • 11c · Fees: accounting

    total $15,500 · management and general $15,500

  • 11f · Fees: investment management

    total $17,437 · management and general $17,437

  • 11g · Fees: other

    total $12,390 · management and general $12,390

  • 13 · Office expenses

    total $1,326 · management and general $1,326

  • 16 · Occupancy

    total $24,135 · management and general $24,135

  • 22 · Depreciation, depletion and amortization

    total $1,214,696 · program services $1,152,698 · management and general $61,998

  • 23 · Insurance

    total $165,927 · management and general $165,927

  • 24a · Other expenses: TRAINING PROGRAM

    total $6,123,245 · program services $6,123,245

  • 24b · Other expenses: CAR ALLOWANCE

    total $7,900 · management and general $7,900

  • 24c · Other expenses: LOSS ON SALE OF EQUIPME

    total -$244,476 · management and general -$244,476

  • 24e · All other expenses

    total $95,582 · management and general $95,582

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,046,974 · end of year $235,493

  • 2 · Savings and temporary cash investments

    beginning of year $2,584,841 · end of year $223,627

  • 4 · Accounts receivable

    beginning of year $1,424,075 · end of year $198,338

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,954 · end of year $40,954

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

    $14,486,500

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

    $6,988,463

  • 10c · Land, buildings and equipment, net

    beginning of year $7,265,068 · end of year $7,498,037

  • 11 · Investments: publicly traded securities

    beginning of year $81,308,999 · end of year $89,249,689

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,077,570 · end of year $1,113,157

  • 27 · Net assets without donor restrictions

    beginning of year $92,593,341 · end of year $96,332,981

Mission and programs · 2024

Mission

THE FUND'S OBJECTIVE IS TO ADMINISTER AND DEFRAY THE COSTS OF TRAINING FOR OPERATING ENGINEERS EMPLOYED IN THE PIPELINE INDUSTRY.

Activities or mission (Part I)

PROVIDE TRAINING FOR OPERATING ENGINEERS.

  • PROVIDED TRAINING FOR OPERATING ENGINEERS EMPLOYED IN THE PIPELINE INDUSTRY WHO ARE COVERED UNDER COLLECTIVE BARGAINING AGREEMENTS WITH THE I.U.O.E. AND CERTAIN PIPELINE EMPLOYERS.

    Expenses $7,275,943 · Revenue $3,248,722

As filed on the 2024 return.

Listed in Part VII

  • James T Callahan

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Jimmy Crotts

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Robert Wilds

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Robert Bendure

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • John L Downey

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Paul McCormick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 3 related

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
2024
Filed
22 January 2026
IRS schema version
2024v5.5
Source object
202620229349300312

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