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Nonprofiteer
← LOCAL 44 J A T C EDUCATIONAL DEVELOPMENT TRUST

Form 990 for tax year 2023

Filed by LOCAL 44 J A T C EDUCATIONAL DEVELOPMENT TRUST.

Totals

Total revenue
$837,477
Total expenses
$688,342
Contributions and grants received
$795,132
Grants paid
$669,500
Program service revenue
$0
Investment income
$42,345
Other revenue
$0
Total assets, end of year
$2,415,829
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,415,829
Program services expenses (Part IX)
$669,500
Management and general expenses
$18,842
Fundraising expenses
$0
Program service expenses (Part III)
$669,500

Program services were 97.3% 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.

  • 1b · Membership dues

    $720,132

  • 1f · All other contributions, gifts and grants

    $75,000

  • 3 · Investment income

    total $38,751 · excluded $38,751

  • 7a · Gross sales of assets other than inventory

    securities $427,093

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

    securities $423,499

  • 7c · Gain or loss

    securities $3,594

  • 7d · Net gain or loss

    total $3,594 · excluded $3,594

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $669,500 · program services $669,500

  • 11c · Fees: accounting

    total $3,780 · management and general $3,780

  • 11f · Fees: investment management

    total $7,862 · management and general $7,862

  • 22 · Depreciation, depletion and amortization

    total $3,590 · management and general $3,590

  • 23 · Insurance

    total $3,610 · management and general $3,610

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $398,414 · end of year $585,887

  • 4 · Accounts receivable

    beginning of year $59,664 · end of year $56,146

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

    $143,733

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

    $70,293

  • 10c · Land, buildings and equipment, net

    beginning of year $77,028 · end of year $73,440

  • 11 · Investments: publicly traded securities

    beginning of year $1,675,695 · end of year $1,695,783

  • 15 · Other assets

    beginning of year $4,026 · end of year $4,573

  • 28 · Net assets with donor restrictions

    beginning of year $2,214,827 · end of year $2,415,829

Mission and programs · 2023

Mission

To receive collectively bargained contributions to develop, maintain, and administer apprentice and journeyman training programs for employees of participating employers.

Activities or mission (Part I)

To provide continuous support for apprentice and journeyman training programs.

  • The Trust provides continuous financial support of apprentice training and journeyman level training updates in the plumbing and pipefitting industry.

    Expenses $669,500 · Grants $669,500

As filed on the 2023 return.

Listed in Part VII

  • Joseph Hauser

    Trustee

    Total calculated
    $900
    From this org
    $0
    From related orgs
    $900
    Other
    $0
    Hours/week
    1

  • Brett Wideman

    Secretary

    Total calculated
    $205,400
    From this org
    $0
    From related orgs
    $136,270
    Other
    $69,130
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,270 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $49,978 related
    Nontaxable benefits
    $0 + $19,152 related
    Filer's total
    $0 + $205,400 related

  • George Renner

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Don Williams

    Trustee

    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. 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 · Written employment contract
  • 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

The filer's explanations (Part III)

Part I, Line 3
Brett Wideman is the Business Manager of Local 44 and a Trustee of this trust. His compensation is determined and approved by the Executive Board of Local 44 using comparable data from within the local area and surrounding jurisdictions based on standard union wage scale as outlined in the compensation contract.

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

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
2023
Filed
9 November 2024
IRS schema version
2023v5.1
Source object
202413189349303741

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