Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $555,341

• 1g · Noncash contributions included above

  $28,871

• 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

  total $17,152,453 · related or exempt $17,152,453

• 2b · Program service revenue: CTIF REIMBURSEMENTS

  total $685,119 · related or exempt $685,119

• 3 · Investment income

  total $509,464 · excluded $509,464

• 7a · Gross sales of assets other than inventory

  securities $2,010,000 · other assets $21,919

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

  securities $2,011,987 · other assets $3,010

• 7c · Gain or loss

  securities -$1,987 · other assets $18,909

• 7d · Net gain or loss

  total $16,922 · excluded $16,922

• 11a · Other revenue: OTHER REFUNDS AND REIMBURSEMENTS

  total $59,298 · excluded $59,298

• 11b · Other revenue: EQUIPMENT AND BOOK SALES

  total $44,660 · excluded $44,660

• 11e · Other revenue, total

  $103,958

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $246,680 · management and general $246,680

• 7 · Other salaries and wages

  total $6,412,847 · program services $4,477,971 · management and general $1,934,876

• 8 · Pension plan contributions

  total $1,749,309 · program services $1,234,460 · management and general $514,849

• 9 · Other employee benefits

  total $1,753,006 · program services $1,186,050 · management and general $566,956

• 10 · Payroll taxes

  total $525,575 · program services $357,966 · management and general $167,609

• 11a · Fees: management

  total $70,416 · management and general $70,416

• 11b · Fees: legal

  total $51,775 · management and general $51,775

• 11c · Fees: accounting

  total $46,079 · management and general $46,079

• 11f · Fees: investment management

  total $18,750 · management and general $18,750

• 12 · Advertising and promotion

  total $56,895 · management and general $56,895

• 13 · Office expenses

  total $286,733 · management and general $286,733

• 14 · Information technology

  total $260,971 · program services $260,971

• 16 · Occupancy

  total $2,323,887 · program services $2,323,887

• 17 · Travel

  total $421,467 · program services $314,170 · management and general $107,297

• 19 · Conferences, conventions and meetings

  total $706,217 · program services $607,451 · management and general $98,766

• 22 · Depreciation, depletion and amortization

  total $256,675 · program services $245,062 · management and general $11,613

• 23 · Insurance

  total $114,902 · program services $49,606 · management and general $65,296

• 24a · Other expenses: TRAINING MATERIALS AND

  total $1,264,351 · program services $1,264,351

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,917,491 · end of year $4,026,176

• 2 · Savings and temporary cash investments

  end of year $3,275,532

• 4 · Accounts receivable

  beginning of year $1,669,477 · end of year $1,786,415

• 9 · Prepaid expenses and deferred charges

  beginning of year $44,589 · end of year $53,589

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

  $5,778,006

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

  $4,663,704

• 10c · Land, buildings and equipment, net

  beginning of year $1,209,219 · end of year $1,114,302

• 11 · Investments: publicly traded securities

  beginning of year $13,408,318 · end of year $13,524,450

• 15 · Other assets

  beginning of year $4,349,196 · end of year $3,011,941

• 17 · Accounts payable and accrued expenses

  beginning of year $736,153 · end of year $416,542

• 25 · Other liabilities

  beginning of year $4,658,087 · end of year $3,276,779

• 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 $19,204,050 · end of year $23,099,084

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION FOR THE EXECUTIVE DIRECTOR, THE DIRECTORS OF APPRENTICESHIP, AND ACCOUNTING MANAGER ARE SET BY THE BOARD OF TRUSTEES. COMPENSATION ADJUSTMENTS ARE COMPLETED ANNUALLY BASED ON UNION CONTRACTS, WHICH ARE SET THROUGH NEGOTIATIONS. THE BOARD OF TRUSTEES APPROVES THE ANNUAL COMPENSATION THROUGH REVIEW OF THE ANNUAL BUDGET.