Form 990 for tax year 2022
Filed by STEAMFITTERS LU 420 APPRENTICESHIP & JOURNEYMAN TRAINING FUND.
Totals
- Total revenue
- $3,779,582
- Total expenses
- $4,243,374
- Contributions and grants received
- $39,000
- Grants paid
- $0
- Program service revenue
- $3,744,915
- Investment income
- -$6,048
- Other revenue
- $1,715
- Total assets, end of year
- $4,273,215
- Total liabilities, end of year
- $1,023,087
- Net assets or fund balances, end of year
- $3,250,128
- Program services expenses (Part IX)
- $3,710,787
- Management and general expenses
- $532,587
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,710,787
Program services were 87.4% 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.
-
1f · All other contributions, gifts and grants
$39,000
-
2a · Program service revenue: RECEIPTS FROM EMPLOYER
total $3,670,887 · related or exempt $3,670,887
-
2b · Program service revenue: STUDENT FEES
total $47,943 · related or exempt $47,943
-
2c · Program service revenue: WELDING PROGRAM RECEIP
total $26,085 · related or exempt $26,085
-
7a · Gross sales of assets other than inventory
securities $400,480
-
7b · Less cost or other basis and sales expenses
securities $406,528
-
7c · Gain or loss
securities -$6,048
-
7d · Net gain or loss
total -$6,048 · related or exempt -$6,048
-
11a · Other revenue: DISCOUNTS
total $1,715 · related or exempt $1,715
-
11e · Other revenue, total
$1,715
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,885,153 · program services $1,508,122 · management and general $377,031
-
7 · Other salaries and wages
total $637,193 · program services $598,961 · management and general $38,232
-
8 · Pension plan contributions
total $140,463 · program services $132,035 · management and general $8,428
-
9 · Other employee benefits
total $101,887 · program services $95,774 · management and general $6,113
-
10 · Payroll taxes
total $140,012 · program services $131,611 · management and general $8,401
-
11b · Fees: legal
total $13,281 · management and general $13,281
-
11c · Fees: accounting
total $23,925 · management and general $23,925
-
11f · Fees: investment management
total $480 · management and general $480
-
13 · Office expenses
total $174,957 · program services $164,460 · management and general $10,497
-
16 · Occupancy
total $468,466 · program services $440,358 · management and general $28,108
-
17 · Travel
total $24,195 · program services $22,743 · management and general $1,452
-
19 · Conferences, conventions and meetings
total $54,520 · program services $51,249 · management and general $3,271
-
22 · Depreciation, depletion and amortization
total $170,625 · program services $160,388 · management and general $10,237
-
23 · Insurance
total $28,818 · program services $27,089 · management and general $1,729
-
24a · Other expenses: TRAINING SCHOOL SUPPLIE
total $356,039 · program services $356,039
-
24b · Other expenses: EQUIPMENT RENTAL & MAIN
total $23,360 · program services $21,958 · management and general $1,402
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $200 · end of year $200
-
2 · Savings and temporary cash investments
beginning of year $432,536 · end of year $482,274
-
10a · Land, buildings and equipment: cost or other basis
$5,440,318
-
10b · Land, buildings and equipment: accumulated depreciation
$3,573,426
-
10c · Land, buildings and equipment, net
beginning of year $1,979,365 · end of year $1,866,892
-
12 · Investments: other securities
beginning of year $1,300,896 · end of year $903,727
-
15 · Other assets
beginning of year $1,257 · end of year $1,020,122
-
17 · Accounts payable and accrued expenses
end of year $1,018,865
-
25 · Other liabilities
beginning of year $9,693 · end of year $4,222
-
29 · Capital stock, trust principal or current funds
beginning of year $3,704,561 · end of year $3,250,128
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
THE LOCAL UNION 420 JOINT APPRENTICESHIP AND TRAINING COMMITTEE RECOGNIZES THE NEED FOR STRUCTURED TRAINING TO MAINTAIN THE HIGH LEVEL OF SKILL AND COMPETENCE DEMANDED IN THE PIPE TRADES.REGISTERED APPRENTICESHIP PROVIDES THE MOST PRACTICAL AND SOUND METHOD TO MEET THAT NEED, TO PREPARE INDIVIDUALS TO BE SKILLED CRAFT WORKERS, AND TO ENSURE INDUSTRY ADEQUATE SUPPLY OF SKILLED WORKERS. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL OF THE REVENUES AND EXPENSES ARE CONSIDERED TO BE FOR THIS PURPOSE.
Activities or mission (Part I)
APPRENTICESHIP & JOURNEYMEN EDUCATION
-
APPRENTICESHIP TRAINING AND EDUCATION FOR APPRENTICES AND JOURNEYMEN IN STEAMFITTERS' LOCAL UNION NO. 420. THERE ARE APPROXIMATELY 400 DAY AND EVENING STUDENTS.
Expenses $3,710,787 · Revenue $3,740,582
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James SnellJAMES SNELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gary AndressGARY ANDRESS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Pat SheridanPAT SHERIDAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Len DitullioLEN DITULLIO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jim DoughertyJIM DOUGHERTY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas F Redden IIITHOMAS F REDDEN III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Roland HockeROLAND HOCKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David LentzDAVID LENTZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas GrazianoresignedTHOMAS GRAZIANORESIGNED
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James Gallagher ResignedJAMES GALLAGHER RESIGNED
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Peter A KleinPETER A KLEIN
DIRECTOR-MECHANICAL
- Total calculated
- $322,936
- From this org
- $184,112
- From related orgs
- $0
- Other
- $138,824
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $183,297
- Bonus
- $0
- Other
- $815
- Deferred
- $102,711
- Nontaxable benefits
- $36,113
- Filer's total
- $322,936
-
Brett A CutlerBRETT A CUTLER
DIRECTOR-SERVICING
- Total calculated
- $309,651
- From this org
- $181,017
- From related orgs
- $0
- Other
- $128,634
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $178,602
- Bonus
- $0
- Other
- $2,415
- Deferred
- $93,106
- Nontaxable benefits
- $35,528
- Filer's total
- $309,651
-
Gregory R BeckGREGORY R BECK
INSTRUCTOR
- Total calculated
- $270,725
- From this org
- $187,089
- From related orgs
- $0
- Other
- $83,636
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,089
- Bonus
- $0
- Other
- $0
- Deferred
- $50,786
- Nontaxable benefits
- $32,850
- Filer's total
- $270,725
-
Francis X McGrathFRANCIS X MCGRATH
INSTRUCTOR
- Total calculated
- $236,826
- From this org
- $153,190
- From related orgs
- $0
- Other
- $83,636
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,190
- Bonus
- $0
- Other
- $0
- Deferred
- $50,786
- Nontaxable benefits
- $32,850
- Filer's total
- $236,826
-
William J Coleman IIIWILLIAM J COLEMAN III
INSTRUCTOR
- Total calculated
- $267,455
- From this org
- $184,144
- From related orgs
- $0
- Other
- $83,311
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $184,144
- Bonus
- $0
- Other
- $0
- Deferred
- $50,587
- Nontaxable benefits
- $32,724
- Filer's total
- $267,455
-
Peter A IannozziPETER A IANNOZZI
INSTRUCTOR
- Total calculated
- $266,436
- From this org
- $183,125
- From related orgs
- $0
- Other
- $83,311
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $183,125
- Bonus
- $0
- Other
- $0
- Deferred
- $50,587
- Nontaxable benefits
- $32,724
- Filer's total
- $266,436
-
Paul E KirkPAUL E KIRK
INSTRUCTOR
- Total calculated
- $155,139
- From this org
- $106,248
- From related orgs
- $0
- Other
- $48,891
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $106,248
- Bonus
- $0
- Other
- $0
- Deferred
- $29,523
- Nontaxable benefits
- $19,368
- Filer's total
- $155,139
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
- 3 · Approval by the board or compensation committee
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420759349301112
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