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← PIPE FITTERS EDUCATIONAL TRAINING PROGRAM FUND NO 533

Form 990 for tax year 2024

Filed by PIPE FITTERS EDUCATIONAL TRAINING PROGRAM FUND NO 533.

Totals

Total revenue
$7,248,065
Total expenses
$3,441,467
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,045,286
Investment income
$202,779
Other revenue
$0
Total assets, end of year
$10,428,424
Total liabilities, end of year
$56,824
Net assets or fund balances, end of year
$10,371,600
Program services expenses (Part IX)
$3,441,467
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,441,467

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: EMPLOYER CONTRIBUTIONS

    total $6,950,471 · related or exempt $6,950,471

  • 2b · Program service revenue: HERNDON FEE INCOME

    total $43,578 · related or exempt $43,578

  • 2c · Program service revenue: BOOK FEES

    total $26,306 · related or exempt $26,306

  • 2d · Program service revenue: ST. JOSEPH TRAINING FEES

    total $18,000 · related or exempt $18,000

  • 2e · Program service revenue: SCRAP METAL INCOME

    total $3,873 · related or exempt $3,873

  • 2f · All other program service revenue

    total $3,058 · related or exempt $3,058

  • 3 · Investment income

    total $202,451 · related or exempt $202,451

  • 7a · Gross sales of assets other than inventory

    other assets $27,000

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

    other assets $26,672

  • 7c · Gain or loss

    other assets $328

  • 7d · Net gain or loss

    total $328 · related or exempt $328

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $730,349 · program services $730,349

  • 7 · Other salaries and wages

    total $1,004,310 · program services $1,004,310

  • 8 · Pension plan contributions

    total $42,395 · program services $42,395

  • 9 · Other employee benefits

    total $41,759 · program services $41,759

  • 10 · Payroll taxes

    total $123,465 · program services $123,465

  • 11b · Fees: legal

    total $11,261 · program services $11,261

  • 11c · Fees: accounting

    total $11,417 · program services $11,417

  • 11g · Fees: other

    total $284,930 · program services $284,930

  • 13 · Office expenses

    total $24,880 · program services $24,880

  • 14 · Information technology

    total $7,404 · program services $7,404

  • 16 · Occupancy

    total $305,721 · program services $305,721

  • 17 · Travel

    total $30,717 · program services $30,717

  • 19 · Conferences, conventions and meetings

    total $151,749 · program services $151,749

  • 20 · Interest

    total $173 · program services $173

  • 22 · Depreciation, depletion and amortization

    total $137,808 · program services $137,808

  • 23 · Insurance

    total $47,404 · program services $47,404

  • 24a · Other expenses: EDUCATION

    total $472,445 · program services $472,445

  • 24b · Other expenses: PRESENTATION DINNER

    total $13,280 · program services $13,280

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $547,321 · end of year $450,508

  • 4 · Accounts receivable

    beginning of year $311,827 · end of year $1,170,983

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,456 · end of year $44,590

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

    $3,866,478

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

    $2,022,962

  • 10c · Land, buildings and equipment, net

    beginning of year $1,846,841 · end of year $1,843,516

  • 11 · Investments: publicly traded securities

    beginning of year $3,744,395 · end of year $6,918,827

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,668 · end of year $31,730

  • 25 · Other liabilities

    beginning of year $13,080 · end of year $25,094

  • 27 · Net assets without donor restrictions

    beginning of year $6,429,092 · end of year $10,371,600

Mission and programs · 2024

Mission

TRAINING PIPEFITTERS AND APPRENTICES.

  • PIPEFITTERS EDUCATION PROGRAM.

    Expenses $3,441,467

As filed on the 2024 return.

Listed in Part VII

  • Christopher McGhee

    TRAINING COO

    Total calculated
    $260,852
    From this org
    $162,852
    From related orgs
    $0
    Other
    $98,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,852
    Bonus
    not reported
    Other
    not reported
    Deferred
    $71,847
    Nontaxable benefits
    $26,153
    Filer's total
    $260,852

  • Pete Smith

    ASSISTANT TR

    Total calculated
    $253,210
    From this org
    $157,015
    From related orgs
    $0
    Other
    $96,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,015
    Bonus
    not reported
    Other
    not reported
    Deferred
    $70,210
    Nontaxable benefits
    $25,985
    Filer's total
    $253,210

  • Jim Dahlin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Clayton Daniels

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Justin Gunter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kevin Hendrickson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carey Minihan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tony Roberts

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 March 2025
IRS schema version
2024v5.0
Source object
202630709349301003

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