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Nonprofiteer
← IRON WORKERS LOCAL UNION NO 25 TRAINING FUND

Form 990 for tax year 2022

Filed by IRON WORKERS LOCAL UNION NO 25 TRAINING FUND.

Totals

Total revenue
$4,835,445
Total expenses
$2,579,598
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,714,916
Investment income
$120,529
Other revenue
$0
Total assets, end of year
$10,127,733
Total liabilities, end of year
$114,121
Net assets or fund balances, end of year
$10,013,612
Program services expenses (Part IX)
$2,058,316
Management and general expenses
$521,282
Fundraising expenses
$0
Program service expenses (Part III)
$2,058,316

Program services were 79.8% 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 $4,469,516 · related or exempt $4,469,516

  • 2b · Program service revenue: FEES & MISC INCOME

    total $170,749 · related or exempt $170,749

  • 2c · Program service revenue: TUITION & BOOK REVENUE

    total $74,651 · related or exempt $74,651

  • 3 · Investment income

    total $120,529 · excluded $120,529

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $804,085 · program services $630,920 · management and general $173,165

  • 9 · Other employee benefits

    total $613,175 · program services $481,124 · management and general $132,051

  • 10 · Payroll taxes

    total $62,037 · program services $48,790 · management and general $13,247

  • 11b · Fees: legal

    total $16,298 · management and general $16,298

  • 11c · Fees: accounting

    total $24,758 · management and general $24,758

  • 13 · Office expenses

    total $61,397 · program services $25,577 · management and general $35,820

  • 14 · Information technology

    total $10,303 · management and general $10,303

  • 16 · Occupancy

    total $138,814 · program services $124,596 · management and general $14,218

  • 17 · Travel

    total $27,489 · program services $26,047 · management and general $1,442

  • 19 · Conferences, conventions and meetings

    total $16,334 · program services $1,354 · management and general $14,980

  • 20 · Interest

    total $2,846 · program services $2,523 · management and general $323

  • 22 · Depreciation, depletion and amortization

    total $281,268 · program services $268,879 · management and general $12,389

  • 23 · Insurance

    total $37,161 · program services $32,938 · management and general $4,223

  • 24a · Other expenses: ORIENTATION AND TRAININ

    total $217,998 · program services $191,507 · management and general $26,491

  • 24b · Other expenses: TRAINING SUPPLIES

    total $159,665 · program services $159,665

  • 24c · Other expenses: LODGING

    total $53,252 · program services $47,410 · management and general $5,842

  • 24d · Other expenses: EQUIPMENT RENTAL AND MA

    total $19,014 · program services $16,260 · management and general $2,754

  • 24e · All other expenses

    total $33,704 · program services $726 · management and general $32,978

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,419,683 · end of year $5,730,884

  • 4 · Accounts receivable

    beginning of year $382,987 · end of year $398,362

  • 8 · Inventories for sale or use

    beginning of year $66,647 · end of year $55,005

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,769 · end of year $15,990

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

    $5,877,015

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

    $1,949,523

  • 10c · Land, buildings and equipment, net

    beginning of year $4,068,507 · end of year $3,927,492

  • 15 · Other assets

    beginning of year $33,924 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $123,016 · end of year $114,121

  • 23 · Secured mortgages and notes payable

    beginning of year $111,736 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $7,757,765 · end of year $10,013,612

Mission and programs · 2022

Mission

TO DEFRAY TRAINING COSTS, AS PROVIDED FOR IN THE APPRENTICESHIP TRAINING PROGRAM.

Activities or mission (Part I)

TO PROVIDE APPRENTICESHIP TRAINING TO ELIGIBLE EMPLOYEES.

  • THE FUND WAS ESTABLISHED AS A RESULT OF A COLLECTIVE BARGAINING AGREEMENT TO PROVIDE APPRENTICESHIP TRAINING FOR ELIGIBLE EMPLOYEES. AS OF 4/30/23 THERE WERE APROX. 309 EMPLOYEES IN THE PROGRAM.

    Expenses $2,058,316 · Revenue $4,714,916

As filed on the 2022 return.

Listed in Part VII

  • Richard Sawhill

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Michael Randick

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Chris Vlk

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Mark Kerney

    MANAGEMENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Wayne Coffell

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Dennis Aguirre II

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Matthew Rajda

    TRAINING COORDINATOR

    Total calculated
    $122,378
    From this org
    $122,378
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

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
2022
Filed
8 March 2024
IRS schema version
2022v5.0
Source object
202410749349300606

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