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← ASBESTOS WORKERS LOCAL 24 APPRENTICE FUND

Form 990 for tax year 2022

Filed by ASBESTOS WORKERS LOCAL 24 APPRENTICE FUND.

Totals

Total revenue
$607,742
Total expenses
$626,448
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$558,206
Investment income
$42,432
Other revenue
$7,104
Total assets, end of year
$2,702,378
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,702,378
Program services expenses (Part IX)
$443,074
Management and general expenses
$183,374
Fundraising expenses
$0
Program service expenses (Part III)
$443,074

Program services were 70.7% 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: CONTRIBUTIONS

    total $529,889 · related or exempt $529,889

  • 2b · Program service revenue: REIMB FROM AFFILIATES

    total $28,317 · related or exempt $28,317

  • 3 · Investment income

    total $42,432 · excluded $42,432

  • 11a · Other revenue: MISC. INCOME

    total $5,454 · related or exempt $5,454

  • 11b · Other revenue: RENTAL INCOME

    total $1,650 · excluded $1,650

  • 11e · Other revenue, total

    $7,104

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $151,419 · program services $151,419

  • 7 · Other salaries and wages

    total $82,847 · program services $82,847

  • 8 · Pension plan contributions

    total $15,355 · program services $15,355

  • 9 · Other employee benefits

    total $57,649 · program services $57,649

  • 10 · Payroll taxes

    total $15,368 · program services $15,368

  • 11a · Fees: management

    total $18,708 · management and general $18,708

  • 11b · Fees: legal

    total $9,893 · management and general $9,893

  • 11c · Fees: accounting

    total $14,199 · management and general $14,199

  • 11g · Fees: other

    total $5,869 · management and general $5,869

  • 12 · Advertising and promotion

    total $27,144 · management and general $27,144

  • 13 · Office expenses

    total $20,211 · management and general $20,211

  • 16 · Occupancy

    total $23,160 · program services $23,160

  • 17 · Travel

    total $13,159 · management and general $13,159

  • 19 · Conferences, conventions and meetings

    total $14,121 · management and general $14,121

  • 22 · Depreciation, depletion and amortization

    total $40,186 · management and general $40,186

  • 23 · Insurance

    total $5,006 · management and general $5,006

  • 24a · Other expenses: APPRENTICE TRAINING

    total $97,276 · program services $97,276

  • 24b · Other expenses: STORAGE

    total $6,660 · management and general $6,660

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,286 · management and general $5,286

  • 24d · Other expenses: TAXES AND PENALTIES

    total $2,932 · management and general $2,932

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,785,660 · end of year $787,284

  • 2 · Savings and temporary cash investments

    end of year $1,020,000

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

    $1,057,021

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

    $161,927

  • 10c · Land, buildings and equipment, net

    beginning of year $935,279 · end of year $895,094

  • 15 · Other assets

    beginning of year $145 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,721,084 · end of year $2,702,378

Mission and programs · 2022

Mission

THE EXEMPT PURPOSE OF THE FUND IS TO PROVIDE A TRAINING AND EDUCATIONAL PROGRAM FOR APPRENTICES AND, IN THE FURTHER DISCRETION OF THE TRUSTEES, FOR JOURNEYMAN.

Activities or mission (Part I)

THE EXEMPT PURPOSE OF THE FUND IS TO PROVIDE A TRAINING AND EDUCATIONAL PROGRAM FOR APPRENTICES.

  • THE EXEMPT PURPOSE OF THE FUND IS TO PROVIDE A TRAINING AND EDUCATIONAL PROGRAM FOR APPRENTICES AND, IN THE FURTHER DISCRETION OF THE TRUSTEES, FOR JOURNEYMAN. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL OF THE REVENUES AND EXPENSES ARE CONSIDERED TO BE FOR THIS PURPOSE.

    Expenses $443,074 · Revenue $563,660

As filed on the 2022 return.

Listed in Part VII

  • Robert S McCourt

    TRUSTEE

    Total calculated
    $1,289
    From this org
    $1,289
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Forest Warman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ken Graves

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian S Cavey

    TRUSTEE

    Total calculated
    $3,383
    From this org
    $3,383
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Wilfredo Mata

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Heinzman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Hoos

    APPRENTICESHIP COORDINATOR

    Total calculated
    $150,372
    From this org
    $108,890
    From related orgs
    $0
    Other
    $41,482
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $108,890
    Bonus
    $0
    Other
    $0
    Deferred
    $26,821
    Nontaxable benefits
    $14,661
    Filer's total
    $150,372

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • A&R MECHINAL INSULATION

    MD

  • ADVANCED SPECIALTY CONTRACTORS

    MD

  • ALLIED POWER LLC

    MD

  • ANGLESEY CONTRACTING INC

    MD

  • BRANDSAFEWAY INDUSTRIES

    MD

  • C&H MECHANICAL

    MD

  • CAMPBELL GIBBONS & ASSOC

    MD

  • FPI INC

    MD

  • FAZIO MECHANICAL SERVICES

    MD

  • FREESTATE INSULATION

    MD

  • G&M SERVICES

    MD

  • HURLEY COMPANY

    MD

  • INSUL-TECH

    MD

  • M&M WELDING & FAB INC

    MD

  • RH LAPP & SONS

    MD

  • RABCO INSULATION

    MD

  • SOUTHERN INSULATION

    MD

  • TBN ASSOCIATES

    MD

  • TRINITY ENERGY INSULATION LLC

    MD

  • DKB INC

    MD

  • ASBESTOS WORKERS LOCAL NO 24

    MD

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202412269349300436

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