Form 990 for tax year 2023
Filed by APPRENTICESHIP TRAINING TRUST FUND OF LOCAL 269.
Totals
- Total revenue
- $1,700,201
- Total expenses
- $1,862,426
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,507,017
- Investment income
- $54,928
- Other revenue
- $138,256
- Total assets, end of year
- $2,610,770
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,610,770
- Program services expenses (Part IX)
- $1,862,426
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,862,426
Program services were 100.0% 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.
-
2a · Program service revenue: CONTRACTOR CONTRIBUTIO
total $1,107,554 · related or exempt $1,107,554
-
2b · Program service revenue: INDUSTRY ADVANCEMENT
total $399,463 · related or exempt $399,463
-
3 · Investment income
total $53,064 · excluded $53,064
-
7a · Gross sales of assets other than inventory
securities $507,984
-
7b · Less cost or other basis and sales expenses
securities $506,120
-
7c · Gain or loss
securities $1,864
-
7d · Net gain or loss
total $1,864 · excluded $1,864
-
11a · Other revenue: BOOKS & TEACHING SUPPL
total $103,777 · related or exempt $103,777
-
11b · Other revenue: MISCELLEANOUS INCOME
total $29,772 · related or exempt $29,772
-
11c · Other revenue: TUITION FEES INCOME
total $4,707 · related or exempt $4,707
-
11e · Other revenue, total
$138,256
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $143,350 · program services $143,350
-
5 · Compensation of officers, directors and key employees
total $192,827 · program services $192,827
-
7 · Other salaries and wages
total $355,036 · program services $355,036
-
10 · Payroll taxes
total $40,187 · program services $40,187
-
11b · Fees: legal
total $8,250 · program services $8,250
-
11c · Fees: accounting
total $10,500 · program services $10,500
-
11f · Fees: investment management
total $6,240 · program services $6,240
-
11g · Fees: other
total $5,325 · program services $5,325
-
12 · Advertising and promotion
total $376,255 · program services $376,255
-
13 · Office expenses
total $62,963 · program services $62,963
-
16 · Occupancy
total $140,000 · program services $140,000
-
17 · Travel
total $1,015 · program services $1,015
-
19 · Conferences, conventions and meetings
total $3,346 · program services $3,346
-
22 · Depreciation, depletion and amortization
total $132,679 · program services $132,679
-
23 · Insurance
total $5,279 · program services $5,279
-
24a · Other expenses: TRAINING COURSES
total $298,312 · program services $298,312
-
24b · Other expenses: UTILITIES & TELEPHONE
total $32,951 · program services $32,951
-
24c · Other expenses: AUTO EXPENSE
total $31,029 · program services $31,029
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $16,882 · program services $16,882
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $417,725 · end of year $550,531
-
2 · Savings and temporary cash investments
beginning of year $33,259 · end of year $33,622
-
10a · Land, buildings and equipment: cost or other basis
$1,709,482
-
10b · Land, buildings and equipment: accumulated depreciation
$1,135,020
-
10c · Land, buildings and equipment, net
beginning of year $624,198 · end of year $574,462
-
11 · Investments: publicly traded securities
beginning of year $1,591,169 · end of year $1,452,155
-
27 · Net assets without donor restrictions
beginning of year $2,666,351 · end of year $2,610,770
Mission and programs · 2023
Mission
TO PROVIDE TRAINING FOR APPRENTICES.
Activities or mission (Part I)
TO MAINTAIN TRAINING FACILITIES TO PROVIDE FOR TRAINING OF APPRENTICES.
-
FIVE YEAR TRAINING PROGRAM FOR APPRENTICES.
Expenses $1,862,426 · Revenue $1,645,273
As filed on the 2023 return.
Listed in Part VII
-
Gino A PasqualoneGINO A PASQUALONE
TRUSTEE
- Total calculated
- $336,243
- From this org
- $0
- From related orgs
- $232,175
- Other
- $104,068
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $232,175 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $71,669 related
- Nontaxable benefits
- $0 + $32,399 related
- Filer's total
- $0 + $336,243 related
-
Wayne DeangeloWAYNE DEANGELO
TRUSTEE
- Total calculated
- $331,847
- From this org
- $0
- From related orgs
- $232,147
- Other
- $99,700
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $232,147 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $71,669 related
- Nontaxable benefits
- $0 + $28,031 related
- Filer's total
- $0 + $331,847 related
-
Stephen M AldrichSTEPHEN M ALDRICH
TRUSTEE
- Total calculated
- $376,850
- From this org
- $0
- From related orgs
- $262,650
- Other
- $114,200
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $262,650 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $80,573 related
- Nontaxable benefits
- $0 + $33,627 related
- Filer's total
- $0 + $376,850 related
-
Michael NielsenMICHAEL NIELSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tim BryanTIM BRYAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jim StoverJIM STOVER
FORMER TRAINING DIRECTOR
- Total calculated
- $5,193
- From this org
- $5,093
- From related orgs
- $0
- Other
- $100
- Hours/week
- 40
-
Robert EwanisROBERT EWANIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jayson MaksymovichJAYSON MAKSYMOVICH
TRAINING DIRECTOR
- Total calculated
- $278,198
- From this org
- $187,734
- From related orgs
- $0
- Other
- $90,464
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,734
- Bonus
- $0
- Other
- $0
- Deferred
- $53,725
- Nontaxable benefits
- $36,739
- Filer's total
- $278,198
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.
-
IBEW LOCAL 269 ANNUITY FUND
SECTION 401(A) · PROVIDES ANNUITY BENEFITS TO PARTICIPANTS. · NJ
-
IBEW LOCAL 269 PENSION FUND
SECTION 401(A) · PROVIDES PENSION BENEFITS TO PARTICIPANTS. · NJ
-
SECTION 501(C)(9) · PROVIDES HEALTH & WELFARE BENEFITS TO PARTICIPANTS. · NJ
-
IBEW LOCAL 269 SICK FUND
SECTION 501(C)(9) · PROVIDES SICK BENEFITS TO PARTICIPANTS. · NJ
-
IBEW LOCAL 269 WELFARE AND SUPPLEMENTAL FUND
SECTION 501(C)(17) · PROVIDES SUPPLEMENTAL HEALTH & WELFARE BENEFITS TO PARTICIPANTS. · NJ
-
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 269
SECTION 501(C)(5) · LABOR UNION ORGANIZED TO REPRESENT ELECTRICAL WORKERS. · NJ
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520159349300612
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