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← IRONWORKERS JOINT APPRENTICESHIP TRUST FUND 550

Form 990 for tax year 2024

Filed by IRONWORKERS JOINT APPRENTICESHIP TRUST FUND 550.

Totals

Total revenue
$508,499
Total expenses
$534,897
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$493,274
Investment income
$212
Other revenue
$15,013
Total assets, end of year
$1,558,373
Total liabilities, end of year
$456,688
Net assets or fund balances, end of year
$1,101,685
Program services expenses (Part IX)
$435,915
Management and general expenses
$98,982
Fundraising expenses
$0
Program service expenses (Part III)
$435,915

Program services were 81.5% 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: Ironworkers Internation

    total $458,801 · related or exempt $458,801

  • 2b · Program service revenue: College Grant

    total $34,473 · related or exempt $34,473

  • 3 · Investment income

    total $212 · excluded $212

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Rental Income

    total $1,200 · related or exempt $1,200

  • 11b · Other revenue: Book Reimbursement

    total $12,855 · related or exempt $12,855

  • 11c · Other revenue: Other Income

    total $958 · related or exempt $958

  • 11e · Other revenue, total

    $15,013

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $129,942 · program services $90,959 · management and general $38,983

  • 7 · Other salaries and wages

    total $42,134 · program services $42,134

  • 8 · Pension plan contributions

    total $51,422 · program services $51,422

  • 9 · Other employee benefits

    total $52,410 · program services $52,410

  • 10 · Payroll taxes

    total $19,673 · program services $19,673

  • 11b · Fees: legal

    total $1,500 · management and general $1,500

  • 11c · Fees: accounting

    total $1,380 · management and general $1,380

  • 11g · Fees: other

    total $1,710 · program services $1,710

  • 12 · Advertising and promotion

    total $1,178 · program services $1,178

  • 13 · Office expenses

    total $35,330 · program services $35,330

  • 14 · Information technology

    total $149 · program services $149

  • 16 · Occupancy

    total $46,724 · program services $46,724

  • 17 · Travel

    total $1,208 · program services $1,208

  • 19 · Conferences, conventions and meetings

    total $7,756 · program services $7,756

  • 20 · Interest

    total $18,788 · program services $18,788

  • 21 · Payments to affiliates

    total $36,000 · program services $36,000

  • 22 · Depreciation, depletion and amortization

    total $57,119 · management and general $57,119

  • 23 · Insurance

    total $828 · program services $828

  • 24a · Other expenses: TrainingClasses

    total $27,174 · program services $27,174

  • 24b · Other expenses: Miscellaneous Expenses

    total $88 · program services $88

  • 24c · Other expenses: Bank Charges

    total $2,384 · program services $2,384

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $138,214 · end of year $111,356

  • 2 · Savings and temporary cash investments

    beginning of year $177,529 · end of year $161,613

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

    $1,948,979

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

    $663,575

  • 10c · Land, buildings and equipment, net

    beginning of year $1,342,523 · end of year $1,285,404

  • 23 · Secured mortgages and notes payable

    beginning of year $477,176 · end of year $448,182

  • 25 · Other liabilities

    beginning of year $2,045 · end of year $8,506

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,179,045 · end of year $1,101,685

Mission and programs · 2024

Mission

Education & Training of Apprentices

  • Training of Apprentices Via a four-year program to enter the job market as Journeyman Ironworkers

    Expenses $435,915 · Revenue $508,287

  • Re-training of Journeymen Ironworkers to be able to utilize new technology

As filed on the 2024 return.

Listed in Part VII

  • Shawn McCartney

    CoordinatorTrustee

    Total calculated
    $90,692
    From this org
    $89,573
    From related orgs
    $1,119
    Other
    $0
    Hours/week
    40

  • Sean Dickmann

    Chairman

    Total calculated
    $69,015
    From this org
    $1,144
    From related orgs
    $67,871
    Other
    $0
    Hours/week
    1 + 48 related

  • Gary Felgenhauer

    Trustee

    Total calculated
    $54,065
    From this org
    $0
    From related orgs
    $54,065
    Other
    $0
    Hours/week
    1 + 40 related

  • Chad Jordan

    TrusteeAlt

    Total calculated
    $41,494
    From this org
    $39,225
    From related orgs
    $2,269
    Other
    $0
    Hours/week
    1 + 40 related

  • Jim Chapman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steve Cafaro

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Geoff Nicely

    Secretary

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
1 April 2025
IRS schema version
2024v5.1
Source object
202510999349302066

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