Form 990 for tax year 2022
Filed by L U NO 488 IBEW JOINT APPRENTICESHIP TRAINING FUND.
Totals
- Total revenue
- $514,369
- Total expenses
- $525,916
- Contributions and grants received
- $0
- Grants paid
- $4,200
- Program service revenue
- $483,280
- Investment income
- $24,290
- Other revenue
- $6,799
- Total assets, end of year
- $1,270,203
- Total liabilities, end of year
- $1,474
- Net assets or fund balances, end of year
- $1,268,729
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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 $441,145 · related or exempt $441,145
-
2b · Program service revenue: BOOK SALES AND REIMBUR
total $32,610 · related or exempt $32,610
-
2c · Program service revenue: SCHOOL CLASS INCOME
total $6,275 · related or exempt $6,275
-
2d · Program service revenue: APPRENTICE REGISTRATIO
total $3,250 · related or exempt $3,250
-
3 · Investment income
total $24,266 · excluded $24,266
-
7a · Gross sales of assets other than inventory
securities $24
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $24
-
7d · Net gain or loss
total $24 · related or exempt $24
-
11a · Other revenue: OTHER INCOME
total $6,799 · related or exempt $6,799
-
11e · Other revenue, total
$6,799
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,200
-
5 · Compensation of officers, directors and key employees
total $1,333
-
7 · Other salaries and wages
total $173,968
-
8 · Pension plan contributions
total $48,833
-
9 · Other employee benefits
total $22,050
-
10 · Payroll taxes
total $15,256
-
11b · Fees: legal
total $2,400
-
11c · Fees: accounting
total $9,986
-
11f · Fees: investment management
total $7,672
-
13 · Office expenses
total $3,030
-
14 · Information technology
total $77
-
16 · Occupancy
total $133,501
-
17 · Travel
total $10,418
-
19 · Conferences, conventions and meetings
total $987
-
21 · Payments to affiliates
total $150
-
22 · Depreciation, depletion and amortization
total $10,689
-
23 · Insurance
total $825
-
24a · Other expenses: BOOKS
total $43,382
-
24b · Other expenses: GENERAL SCHOOL EXPENSE
total $15,500
-
24c · Other expenses: APPRENTICE TRAINING AND
total $10,010
-
24d · Other expenses: JOURNEYMAN CONTINUING E
total $6,588
-
24e · All other expenses
total $5,061
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $46,361 · end of year $78,902
-
2 · Savings and temporary cash investments
beginning of year $334,681 · end of year $63,460
-
10a · Land, buildings and equipment: cost or other basis
$128,431
-
10b · Land, buildings and equipment: accumulated depreciation
$115,835
-
10c · Land, buildings and equipment, net
beginning of year $21,560 · end of year $12,596
-
11 · Investments: publicly traded securities
beginning of year $953,153 · end of year $1,106,256
-
15 · Other assets
beginning of year $8,989 · end of year $8,989
-
17 · Accounts payable and accrued expenses
beginning of year $2,684 · end of year $1,474
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
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 $1,362,060 · end of year $1,268,729
Mission and programs · 2022
Mission
TO SERVE AS A TRAINING ORGANIZATION FOR FUTURE ELECTRICIANS.
-
THE ORGANIZATION PROVIDES EDUCATION & TRAINING OF INDIVIDUALS SERVING THEIR APPRENTICESHIP AS ELECTRICIANS. APPRENTICESHIP TRAINING PROVIDED FOR 68 INDIVIDUALS AT VARIOUS STAGES OF THEIR 5 YEAR PROGRAM.
-
THE ORGANIZATION PROVIDES CONTINUING EDUCATION & TRAINING OF CURRENT JOURNEYMAN ELECTRICIANS. STATE MANDATED CONTINUING EDUCATION PROVIDED FOR JOURNEYMAN ELECTRICIANS. OSHA TRAINING PROVIDED FOR INDIVIDUALS. FIRST AID & CPR TRAINING PROVIDED FOR MEMBERS.
-
PROVIDED A WEEK OF TRAINING FOR TEACHERS AND APPRENTICES AT THE NATIONAL TRAINING INSTITUTE.
As filed on the 2022 return.
Listed in Part VII
-
Richard DabrowskiRICHARD DABROWSKI
JATC COM LABOR (P)
- Total calculated
- $0
- Hours/week
- 1
-
Michael MoconyiMICHAEL MOCONYI
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Willie McBrideWILLIE MCBRIDE
JATC COM MANAGEMENT
- Total calculated
- $0
- Hours/week
- 1
-
Patrick LewisPATRICK LEWIS
JATC COM MANAGEMENT
- Total calculated
- $0
- Hours/week
- 1
-
Daniel McInerneyDANIEL MCINERNEY
JATC COM LABOR/SECRETARY
- Total calculated
- $199,137
- From this org
- $1,293
- From related orgs
- $128,762
- Other
- $69,082
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $1,293 + $128,762 related
- Bonus
- $0
- Other
- $0
- Deferred
- $40 + $42,989 related
- Nontaxable benefits
- $0 + $26,053 related
- Filer's total
- $1,333 + $197,804 related
-
Rashell OsborneRASHELL OSBORNE
JATC COM LABOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony CavalliANTHONY CAVALLI
JATC COM LABOR
- Total calculated
- $175,849
- From this org
- $0
- From related orgs
- $111,280
- Other
- $64,569
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $111,280 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $40,216 related
- Nontaxable benefits
- $0 + $24,353 related
- Filer's total
- $0 + $175,849 related
-
Thomas J SportiniTHOMAS J SPORTINI
TEACHER/DIRECTOR
- Total calculated
- $200,044
- From this org
- $130,332
- From related orgs
- $0
- Other
- $69,712
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,332
- Bonus
- $0
- Other
- $0
- Deferred
- $47,662
- Nontaxable benefits
- $22,050
- Filer's total
- $200,044
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
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.
-
LOCAL NO 488 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS
501(C)(5) · LABOR UNION · CT
-
LOCAL UNION 488 IBEW BUILDING CORPORATION
501(C)(2) · HOLDING CORPORATION FOR LOCAL HEADQUARTERS & TRAINING FACILITY · CT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311589349301001
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