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Nonprofiteer
← ABC OF INDIANA APPRENTICESHIP TRUST

Form 990 for tax year 2023

Filed by ABC OF INDIANA APPRENTICESHIP TRUST.

Totals

Total revenue
$5,798,780
Total expenses
$2,476,435
Contributions and grants received
$3,304,022
Grants paid
$0
Program service revenue
$1,927,430
Investment income
$370,776
Other revenue
$196,552
Total assets, end of year
$11,926,903
Total liabilities, end of year
$2,774,069
Net assets or fund balances, end of year
$9,152,834
Program services expenses (Part IX)
$2,451,599
Management and general expenses
$24,836
Fundraising expenses
$0
Program service expenses (Part III)
$2,451,599

Program services were 99.0% 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

    $3,256,982

  • 1f · All other contributions, gifts and grants

    $47,040

  • 2a · Program service revenue: ENROLLMENT & TUITION F

    total $1,218,556 · related or exempt $1,218,556

  • 2b · Program service revenue: CHAPTER SPONSORED TRAI

    total $410,709 · related or exempt $410,709

  • 2c · Program service revenue: TEXTBOOK SALES

    total $298,165 · related or exempt $298,165

  • 3 · Investment income

    total $16,581 · excluded $16,581

  • 6a · Gross rents

    real property $128,357

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $128,357

  • 6d · Net rental income or loss

    total $128,357 · related or exempt $77,326 · excluded $51,031

  • 7a · Gross sales of assets other than inventory

    other assets $505,000

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

    other assets $150,805

  • 7c · Gain or loss

    other assets $354,195

  • 7d · Net gain or loss

    total $354,195 · excluded $354,195

  • 11a · Other revenue: IN-HOUSE PROGRAM FEES

    total $68,195 · related or exempt $68,195

  • 11e · Other revenue, total

    $68,195

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $554,499 · program services $554,499

  • 10 · Payroll taxes

    total $46,912 · program services $46,912

  • 11g · Fees: other

    total $45,170 · program services $45,170

  • 16 · Occupancy

    total $704,207 · program services $679,371 · management and general $24,836

  • 20 · Interest

    total $77,123 · program services $77,123

  • 22 · Depreciation, depletion and amortization

    total $291,102 · program services $291,102

  • 23 · Insurance

    total $52,557 · program services $52,557

  • 24a · Other expenses: CLASSROOM SUPPLIES

    total $488,507 · program services $488,507

  • 24b · Other expenses: TEXTBOOKS

    total $188,066 · program services $188,066

  • 24c · Other expenses: TASK TRAINING

    total $22,444 · program services $22,444

  • 24d · Other expenses: CLOSING COSTS

    total $3,420 · program services $3,420

  • 24e · All other expenses

    total $2,428 · program services $2,428

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $616,189 · end of year $53,181

  • 4 · Accounts receivable

    beginning of year $524,071 · end of year $50,022

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,955 · end of year $106,621

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

    $14,569,852

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

    $2,901,485

  • 10c · Land, buildings and equipment, net

    beginning of year $7,501,752 · end of year $11,668,367

  • 15 · Other assets

    beginning of year $171,161 · end of year $48,712

  • 17 · Accounts payable and accrued expenses

    beginning of year $807,629 · end of year $861,747

  • 23 · Secured mortgages and notes payable

    beginning of year $1,980,038 · end of year $1,828,275

  • 25 · Other liabilities

    beginning of year $239,972 · end of year $84,047

  • 27 · Net assets without donor restrictions

    beginning of year $5,830,489 · end of year $9,152,834

Mission and programs · 2023

Mission

PROVIDING AN APPROVED APPRENTICESHIP TRAINING PROGRAM TO ASSIST INDIVIDUALS TO ACQUIRE & IMPROVE SKILLS AS EMPLOYEES IN THE CONSTRUCTION INDUSTRY.

Activities or mission (Part I)

PROVIDING AN APPRENTICESHIP TRAINING PROGRAM TO ASSIST INDIVIDUALS IN THE CONSTRUCTION INDUSTRY.

  • EDUCATION - THE TRUST WAS ORGANIZED FOR THE PURPOSE OF PROVIDING AN APPROVED APPRENTICESHIP TRAINING PROGRAM TO ASSIST IN THE DEVELOPMENT OF INDIVIDUAL CONSTRUCTION SKILLS IN THE CRAFTS, SUCH AS, WELDING, CARPENTRY, PIPE FITTER, ELECTRICIAN, HVAC TECHNICIAN, PLUMBING, ETC.

    Expenses $2,451,599 · Revenue $2,072,951

As filed on the 2023 return.

Listed in Part VII

  • Brian Muncy

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dan Drewry

    COUNCIL

    Total calculated
    $0
    Hours/week
    1

  • Vic Szczchowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Fredericks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kris Griffith

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dan Babcock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jacob Kerr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jason Yoder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott Starks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Travis Ayers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeff Bryant

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Greg Young

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jr Gaylor

    PRESIDENT & CEO

    Total calculated
    $279,100
    From this org
    $0
    From related orgs
    $250,000
    Other
    $29,100
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,000 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $3,900 related
    Nontaxable benefits
    $0 + $25,200 related
    Filer's total
    $0 + $279,100 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. 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION OF THE ORGANIZATION'S PRESIDENT/CEO IS REVIEWED BY THE RELATED ORGANIZATION'S STATE CHAIRMAN OF THE BOARD, AND IS APPROVED BY THE STATE EXECUTIVE COMMITTEE.

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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501359349302885

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