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← IRONWORKERS JOINT APPRENTICESHIP TRUST FUND 550

Form 990 for tax year 2023

Filed by IRONWORKERS JOINT APPRENTICESHIP TRUST FUND 550.

Totals

Total revenue
$504,066
Total expenses
$466,374
Contributions and grants received
$3,064
Grants paid
$0
Program service revenue
$482,041
Investment income
$3,388
Other revenue
$15,573
Total assets, end of year
$1,658,266
Total liabilities, end of year
$479,221
Net assets or fund balances, end of year
$1,179,045
Program services expenses (Part IX)
$378,902
Management and general expenses
$87,472
Fundraising expenses
$0
Program service expenses (Part III)
$378,902

Program services were 81.2% 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

    $3,064

  • 2a · Program service revenue: Ironworkers Internation

    total $482,041 · related or exempt $482,041

  • 3 · Investment income

    total $3,388 · excluded $3,388

  • 11a · Other revenue: Book Reimbursement

    total $14,185 · related or exempt $14,185

  • 11b · Other revenue: Other Income

    total $1,388 · related or exempt $1,388

  • 11e · Other revenue, total

    $15,573

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $73,126 · program services $51,188 · management and general $21,938

  • 7 · Other salaries and wages

    total $92,428 · program services $92,428

  • 8 · Pension plan contributions

    total $52,504 · program services $52,504

  • 9 · Other employee benefits

    total $35,367 · program services $35,367

  • 10 · Payroll taxes

    total $19,047 · program services $19,047

  • 11c · Fees: accounting

    total $1,872 · management and general $1,872

  • 11g · Fees: other

    total $1,706 · program services $1,706

  • 13 · Office expenses

    total $35,070 · program services $35,070

  • 14 · Information technology

    total $1,608 · program services $1,608

  • 16 · Occupancy

    total $36,624 · program services $36,624

  • 17 · Travel

    total $651 · program services $651

  • 19 · Conferences, conventions and meetings

    total $2,562 · program services $2,562

  • 20 · Interest

    total $21,396 · program services $21,396

  • 22 · Depreciation, depletion and amortization

    total $63,662 · management and general $63,662

  • 23 · Insurance

    total $544 · program services $544

  • 24a · Other expenses: TrainingClasses

    total $24,621 · program services $24,621

  • 24b · Other expenses: Miscellaneous Expenses

    total $1,652 · program services $1,652

  • 24c · Other expenses: Bank Charges

    total $1,934 · program services $1,934

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $155,732 · end of year $138,214

  • 2 · Savings and temporary cash investments

    beginning of year $129,701 · end of year $177,529

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

    $1,948,979

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

    $606,456

  • 10c · Land, buildings and equipment, net

    beginning of year $1,406,185 · end of year $1,342,523

  • 23 · Secured mortgages and notes payable

    beginning of year $539,562 · end of year $477,176

  • 25 · Other liabilities

    beginning of year $10,703 · end of year $2,045

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,141,353 · end of year $1,179,045

Mission and programs · 2023

Mission

Education & Training of Apprentices

  • Training of Apprentices Via a four-year program to enter the job market as Journeyman Ironworkers

    Expenses $378,902 · Revenue $504,066

  • Re-training of Journeymen Ironworkers to be able to utilize new technology

As filed on the 2023 return.

Listed in Part VII

  • Gary Craft

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Jim Chapman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steve Cafaro

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Theron Hodge

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • William Sherer II

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 48 related

  • Geoff Nicely

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Shawn McCartney

    Coordinator

    Total calculated
    $0
    Hours/week
    40

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.

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
29 February 2024
IRS schema version
2023v4.0
Source object
202410699349300001

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