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← IBEW LOCAL UNION 456 ELECTRICAL JOINT APPRENTICESHIP & TRAINING FD

Form 990 for tax year 2024

Filed by IBEW LOCAL UNION 456 ELECTRICAL JOINT APPRENTICESHIP & TRAINING FD.

Totals

Total revenue
$1,189,800
Total expenses
$804,613
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,060,907
Investment income
$127,642
Other revenue
$1,251
Total assets, end of year
$4,096,696
Total liabilities, end of year
$182,659
Net assets or fund balances, end of year
$3,914,037
Program services expenses (Part IX)
$486,213
Management and general expenses
$318,400
Fundraising expenses
$0
Program service expenses (Part III)
$486,213

Program services were 60.4% 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' CONTRIBUTIONS

    total $994,157 · related or exempt $994,157

  • 2b · Program service revenue: BOOK SALES

    total $66,750 · related or exempt $66,750

  • 3 · Investment income

    total $124,066 · excluded $124,066

  • 7a · Gross sales of assets other than inventory

    securities $1,302,107

  • 7b · Less cost or other basis and sales expenses

    securities $1,298,531

  • 7c · Gain or loss

    securities $3,576

  • 7d · Net gain or loss

    total $3,576 · excluded $3,576

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,251 · related or exempt $1,251

  • 11e · Other revenue, total

    $1,251

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $149,158 · program services $92,624 · management and general $56,534

  • 8 · Pension plan contributions

    total $71,389 · program services $21,417 · management and general $49,972

  • 9 · Other employee benefits

    total $65,497 · program services $42,648 · management and general $22,849

  • 10 · Payroll taxes

    total $9,943 · program services $7,210 · management and general $2,733

  • 11b · Fees: legal

    total $3,525 · management and general $3,525

  • 11c · Fees: accounting

    total $25,000 · management and general $25,000

  • 11f · Fees: investment management

    total $7,833 · management and general $7,833

  • 11g · Fees: other

    total $625 · management and general $625

  • 13 · Office expenses

    total $17,723 · management and general $17,723

  • 16 · Occupancy

    total $89,932 · management and general $89,932

  • 19 · Conferences, conventions and meetings

    total $10,171 · management and general $10,171

  • 22 · Depreciation, depletion and amortization

    total $8,585 · management and general $8,585

  • 23 · Insurance

    total $11,909 · management and general $11,909

  • 24a · Other expenses: TRAINING BOOKS & MANUAL

    total $151,592 · program services $151,592

  • 24b · Other expenses: TRAINING EXPENSES

    total $149,132 · program services $149,132

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $10,496 · management and general $10,496

  • 24d · Other expenses: MEMBERSHIP APPAREL & SH

    total $7,887 · program services $7,887

  • 24e · All other expenses

    total $14,216 · program services $13,703 · management and general $513

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,676 · end of year $147,060

  • 2 · Savings and temporary cash investments

    beginning of year $2,358,501 · end of year $2,725,557

  • 4 · Accounts receivable

    beginning of year $87,205 · end of year $86,643

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,847 · end of year $7,452

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

    $172,425

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

    $158,528

  • 10c · Land, buildings and equipment, net

    beginning of year $21,409 · end of year $13,897

  • 11 · Investments: publicly traded securities

    beginning of year $1,040,745 · end of year $1,096,403

  • 15 · Other assets

    beginning of year $18,704 · end of year $19,684

  • 17 · Accounts payable and accrued expenses

    beginning of year $117,211 · end of year $165,446

  • 25 · Other liabilities

    beginning of year $20,122 · end of year $17,213

  • 27 · Net assets without donor restrictions

    beginning of year $3,450,754 · end of year $3,914,037

Mission and programs · 2024

Mission

TRAINING AND EDUCATION OF APPRENTICES & JOURNEYMEN WORKING IN THE ELECTRICAL CONSTRUCTION TRADES INDUSTRY.

Activities or mission (Part I)

TO MAINTAIN TRAINING FACILITIES TO PROVIDE FOR TRAINING OF APPRENTICES AND JOURNEYMEN.

  • THE IBEW LOCAL UNION #456 ELECTRICAL JATC PROVIDES EDUCATION AND TRAINING FOR IBEW 456 APPRENTICES. THIS EDUCATION AND TRAINING ENABLES EACH APPRENTICE TO LEARN THE SKILLS REQUIRED IN THE INDUSTRY.

    Expenses $486,213 · Revenue $1,062,158

As filed on the 2024 return.

Listed in Part VII

  • Craig Coffey

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Dennis F Cronin

    TREASURER

    Total calculated
    $2,978
    From this org
    $0
    From related orgs
    $2,978
    Other
    $0
    Hours/week
    2

  • Kevin Van Liew

    SECRETARY

    Total calculated
    $5,649
    From this org
    $3,306
    From related orgs
    $0
    Other
    $2,343
    Hours/week
    2

  • Jeferey Shaute

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Neal Smith

    TRUSTEE

    Total calculated
    $9,320
    From this org
    $5,454
    From related orgs
    $0
    Other
    $3,866
    Hours/week
    2

  • Nick Sambucci

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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.

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
19 February 2026
IRS schema version
2024v5.5
Source object
202640509349300544

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