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← JOINT APPRENTICESHIP PROGRAM FUND ASBESTOS WORKERS LOCAL NO 2

Form 990 for tax year 2024

Filed by JOINT APPRENTICESHIP PROGRAM FUND ASBESTOS WORKERS LOCAL NO 2.

Totals

Total revenue
$1,014,989
Total expenses
$966,056
Contributions and grants received
$1,125
Grants paid
$0
Program service revenue
$868,166
Investment income
$145,698
Other revenue
$0
Total assets, end of year
$7,940,573
Total liabilities, end of year
$291,582
Net assets or fund balances, end of year
$7,648,991
Program services expenses (Part IX)
$671,410
Management and general expenses
$294,646
Fundraising expenses
$0
Program service expenses (Part III)
$671,410

Program services were 69.5% 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.

  • 1f · All other contributions, gifts and grants

    $1,125

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $868,166 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: SELECTION PROCESS FEES

    total $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $145,698 · unrelated business $0 · excluded $0

  • 11a · Other revenue: I.C.A.P. REIMBURSEMENTS

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $612,013 · program services $431,551 · management and general $180,462 · fundraising $0

  • 7 · Other salaries and wages

    total $2,216 · program services $0 · management and general $2,216 · fundraising $0

  • 8 · Pension plan contributions

    total $782 · program services $0 · management and general $782 · fundraising $0

  • 9 · Other employee benefits

    total $1,103 · program services $0 · management and general $1,103 · fundraising $0

  • 10 · Payroll taxes

    total $27,169 · program services $18,862 · management and general $8,307 · fundraising $0

  • 11b · Fees: legal

    total $5,200 · program services $0 · management and general $5,200 · fundraising $0

  • 11c · Fees: accounting

    total $7,400 · program services $0 · management and general $7,400 · fundraising $0

  • 11f · Fees: investment management

    total $25,960 · program services $0 · management and general $25,960 · fundraising $0

  • 13 · Office expenses

    total $26,261 · program services $0 · management and general $26,261 · fundraising $0

  • 16 · Occupancy

    total $48,000 · program services $37,440 · management and general $10,560 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $10,113 · program services $0 · management and general $10,113 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $40,590 · program services $29,750 · management and general $10,840 · fundraising $0

  • 23 · Insurance

    total $16,000 · program services $11,082 · management and general $4,918 · fundraising $0

  • 24a · Other expenses: License - NIAT Fund

    total $65,732 · program services $65,732 · management and general $0 · fundraising $0

  • 24b · Other expenses: Apprentice Training

    total $31,778 · program services $31,778 · management and general $0 · fundraising $0

  • 24c · Other expenses: Accreditation Fees

    total $7,267 · program services $7,267 · management and general $0 · fundraising $0

  • 24d · Other expenses: Licenses

    total $36,950 · program services $36,950 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $1,522 · program services $998 · management and general $524 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,566,363 · end of year $2,513,855

  • 2 · Savings and temporary cash investments

    beginning of year $961,374 · end of year $998,922

  • 4 · Accounts receivable

    beginning of year $76,489 · end of year $76,805

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,407 · end of year $12,653

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

    $885,342

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

    $339,913

  • 10c · Land, buildings and equipment, net

    beginning of year $586,019 · end of year $545,429

  • 11 · Investments: publicly traded securities

    beginning of year $3,256,668 · end of year $3,542,989

  • 15 · Other assets

    beginning of year $289,798 · end of year $249,920

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,023 · end of year $41,662

  • 25 · Other liabilities

    beginning of year $289,798 · end of year $249,920

  • 29 · Capital stock, trust principal or current funds

    beginning of year $7,418,297 · end of year $7,648,991

Mission and programs · 2024

Mission

Apprenticeship Program

  • Training of Apprentices in the Insulating Trade

    Expenses $671,410 · Revenue $1,013,864

As filed on the 2024 return.

Listed in Part VII

  • Edward Seiler

    Director

    Total calculated
    $226,524
    From this org
    $127,476
    From related orgs
    $0
    Other
    $99,048
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $127,476
    Bonus
    $0
    Other
    $0
    Deferred
    $66,249
    Nontaxable benefits
    $32,799
    Filer's total
    $226,524

  • Michael Bianchi

    Union Trustee

    Total calculated
    $5,909
    From this org
    $3,080
    From related orgs
    $0
    Other
    $2,829
    Hours/week
    1

  • Matthew Floyd

    Union Trustee

    Total calculated
    $2,232
    From this org
    $1,528
    From related orgs
    $0
    Other
    $704
    Hours/week
    1

  • John Gearry

    Union Trustee

    Total calculated
    $0
    Hours/week
    1

  • Phil McMullen

    Employer Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Hoolahan

    Employer Trustee

    Total calculated
    $0
    Hours/week
    1

  • Greg Marsch

    Employer Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jacob Abbondanza

    Alt. Union Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael Langsdorf

    Alt. Employer Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ryan Duessel

    Instructor

    Total calculated
    $188,922
    From this org
    $106,289
    From related orgs
    $0
    Other
    $82,633
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,289
    Bonus
    $0
    Other
    $0
    Deferred
    $55,153
    Nontaxable benefits
    $27,480
    Filer's total
    $188,922

  • Cody Carlock

    Instructor

    Total calculated
    $153,484
    From this org
    $77,737
    From related orgs
    $0
    Other
    $75,747
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $77,737
    Bonus
    $0
    Other
    $0
    Deferred
    $50,557
    Nontaxable benefits
    $25,190
    Filer's total
    $153,484

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.

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
9 December 2025
IRS schema version
2024v5.2
Source object
202600369349301645

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