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Nonprofiteer
← IBEW LOCAL 351 JATC FUND

Form 990 for tax year 2022

Filed by IBEW LOCAL 351 JATC FUND.

Totals

Total revenue
$1,247,093
Total expenses
$1,393,844
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,081,538
Investment income
$31,105
Other revenue
$134,450
Total assets, end of year
$6,389,179
Total liabilities, end of year
$1,595,755
Net assets or fund balances, end of year
$4,793,424
Program services expenses (Part IX)
$764,807
Management and general expenses
$629,037
Fundraising expenses
$0
Program service expenses (Part III)
$764,807

Program services were 54.9% 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: EMPLOYERS' CONTRIBUTIO

    total $1,081,538 · related or exempt $1,081,538

  • 3 · Investment income

    total $31,105 · excluded $31,105

  • 11a · Other revenue: TEXT BOOK SALES

    total $121,764 · related or exempt $121,764

  • 11b · Other revenue: APPLICATION FEES

    total $10,060 · related or exempt $10,060

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $2,626 · related or exempt $2,626

  • 11e · Other revenue, total

    $134,450

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $471,938 · program services $399,328 · management and general $72,610

  • 8 · Pension plan contributions

    total $49,367 · program services $37,025 · management and general $12,342

  • 9 · Other employee benefits

    total $116,893 · program services $87,676 · management and general $29,217

  • 10 · Payroll taxes

    total $46,046 · program services $38,962 · management and general $7,084

  • 11b · Fees: legal

    total $3,000 · management and general $3,000

  • 11c · Fees: accounting

    total $7,700 · management and general $7,700

  • 11f · Fees: investment management

    total $7,128 · management and general $7,128

  • 12 · Advertising and promotion

    total $3,755 · management and general $3,755

  • 13 · Office expenses

    total $7,057 · management and general $7,057

  • 14 · Information technology

    total $28,527 · management and general $28,527

  • 16 · Occupancy

    total $95,838 · management and general $95,838

  • 19 · Conferences, conventions and meetings

    total $44,385 · management and general $44,385

  • 20 · Interest

    total $58,884 · management and general $58,884

  • 22 · Depreciation, depletion and amortization

    total $162,064 · management and general $162,064

  • 23 · Insurance

    total $30,303 · management and general $30,303

  • 24a · Other expenses: TEXT BOOKS

    total $120,644 · program services $120,644

  • 24b · Other expenses: GRADUATION BANQUET & AW

    total $57,838 · program services $57,838

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $34,169 · management and general $34,169

  • 24d · Other expenses: NECA APPRENTICE DAY

    total $14,029 · program services $14,029

  • 24e · All other expenses

    total $34,279 · program services $9,305 · management and general $24,974

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,525,206 · end of year $1,405,337

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

    $5,831,263

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

    $1,597,149

  • 10c · Land, buildings and equipment, net

    beginning of year $4,393,350 · end of year $4,234,114

  • 11 · Investments: publicly traded securities

    beginning of year $693,029 · end of year $749,728

  • 17 · Accounts payable and accrued expenses

    beginning of year $964 · end of year $3,440

  • 23 · Secured mortgages and notes payable

    beginning of year $1,720,140 · end of year $1,592,315

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

THIS PROGRAM PROVIDES TRAINING AND EDUCATIONAL PROGRAMS FOR THE MEMBERS OF THE IBEW LOCAL 351.

  • THIS PROGRAM PROVIDES TRAINING AND EDUCATIONAL PROGRAMS FOR THE MEMBERS OF THE IBEW LOCAL 351.

    Expenses $764,807 · Revenue $1,215,988

As filed on the 2022 return.

Listed in Part VII

  • Daniel Cosner

    CHAIRMAN

    Total calculated
    $437,843
    From this org
    $0
    From related orgs
    $277,417
    Other
    $160,426
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,417 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $145,107 related
    Nontaxable benefits
    $0 + $15,319 related
    Filer's total
    $0 + $437,843 related
  • Thomas Peterson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Charles Della Vecchia

    UNION REPRESENTATIVE

    Total calculated
    $386,827
    From this org
    $0
    From related orgs
    $241,231
    Other
    $145,596
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,231 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $126,597 related
    Nontaxable benefits
    $0 + $18,999 related
    Filer's total
    $0 + $386,827 related
  • John Gray

    UNION REPRESENTATIVE

    Total calculated
    $310,213
    From this org
    $0
    From related orgs
    $192,990
    Other
    $117,223
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,990 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $101,904 related
    Nontaxable benefits
    $0 + $15,319 related
    Filer's total
    $0 + $310,213 related
  • Stephen Gandy

    UNION REPRESENTATIVE

    Total calculated
    $313,893
    From this org
    $0
    From related orgs
    $192,990
    Other
    $120,903
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,990 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $101,904 related
    Nontaxable benefits
    $0 + $18,999 related
    Filer's total
    $0 + $313,893 related
  • Edward Reiser

    UNION REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1
  • Alex Couchoud

    UNION REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1
  • Joseph Knecht Jr

    NECA REPRESENTATIVE (CHAPT

    Total calculated
    $0
    Hours/week
    1
  • Raymond Palmieri

    NECA REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1
  • Michael Cooney

    NECA REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey Houde

    NECA REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1
  • Wayne Owsley

    NECA REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1
  • Louis Jiacopello

    TRAINING DIRECTOR

    Total calculated
    $276,359
    From this org
    $167,931
    From related orgs
    $0
    Other
    $108,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,931
    Bonus
    $0
    Other
    $0
    Deferred
    $88,469
    Nontaxable benefits
    $19,959
    Filer's total
    $276,359

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
2022
Filed
8 February 2024
IRS schema version
2022v5.0
Source object
202430399349301548

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