Form 990 for tax year 2023
Filed by SOUTH FLORIDA OPERATING ENGINEERS APPRENTICE & TRAINING FUND.
Totals
- Total revenue
- $1,465,532
- Total expenses
- $941,162
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,357,353
- Investment income
- $75,581
- Other revenue
- $32,598
- Total assets, end of year
- $7,407,973
- Total liabilities, end of year
- $1,128,904
- Net assets or fund balances, end of year
- $6,279,069
- Program services expenses (Part IX)
- $744,458
- Management and general expenses
- $196,704
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $744,458
Program services were 79.1% 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: EMPLOYER CONTRIBUTIONS
total $1,160,908 · related or exempt $1,160,908
-
2b · Program service revenue: SCHOOL BOARD CONTRIBUTIONS
total $196,445 · related or exempt $196,445
-
3 · Investment income
total $62,782 · excluded $62,782
-
7a · Gross sales of assets other than inventory
securities $2,969,256
-
7b · Less cost or other basis and sales expenses
securities $2,956,457
-
7c · Gain or loss
securities $12,799
-
7d · Net gain or loss
total $12,799 · related or exempt $12,799
-
11a · Other revenue: TRAINING COURSES & EQUIPMENT
total $30,000 · related or exempt $30,000
-
11b · Other revenue: RENT - NATIONAL ELEVATOR
total $2,598 · related or exempt $2,598
-
11e · Other revenue, total
$32,598
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $276,255 · program services $276,255
-
8 · Pension plan contributions
total $56,063 · program services $56,063
-
9 · Other employee benefits
total $49,169 · program services $49,169
-
10 · Payroll taxes
total $21,769 · program services $21,769
-
11b · Fees: legal
total $11,120 · management and general $11,120
-
11c · Fees: accounting
total $9,462 · management and general $9,462
-
11f · Fees: investment management
total $5,286 · management and general $5,286
-
11g · Fees: other
total $41,433 · management and general $41,433
-
12 · Advertising and promotion
total $2,401 · program services $2,401
-
13 · Office expenses
total $47,967 · management and general $47,967
-
16 · Occupancy
total $106,391 · program services $106,391
-
17 · Travel
total $6,499 · management and general $6,499
-
19 · Conferences, conventions and meetings
total $200 · management and general $200
-
20 · Interest
total $35,000 · management and general $35,000
-
22 · Depreciation, depletion and amortization
total $183,087 · program services $183,087
-
23 · Insurance
total $39,737 · management and general $39,737
-
24a · Other expenses: TRAINING
total $37,087 · program services $37,087
-
24b · Other expenses: AUTO EXPENSE
total $12,236 · program services $12,236
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $967,561 · end of year $357,785
-
4 · Accounts receivable
beginning of year $123,891 · end of year $110,466
-
9 · Prepaid expenses and deferred charges
beginning of year $10,734 · end of year $11,048
-
10a · Land, buildings and equipment: cost or other basis
$6,147,838
-
10b · Land, buildings and equipment: accumulated depreciation
$741,452
-
10c · Land, buildings and equipment, net
beginning of year $1,935,312 · end of year $5,406,386
-
11 · Investments: publicly traded securities
beginning of year $1,440,190 · end of year $1,522,288
-
15 · Other assets
beginning of year $2,207,266
-
17 · Accounts payable and accrued expenses
beginning of year $884,234 · end of year $79,311
-
19 · Deferred revenue
beginning of year $54,411 · end of year $49,191
-
23 · Secured mortgages and notes payable
end of year $1,000,000
-
25 · Other liabilities
beginning of year $346 · end of year $402
-
27 · Net assets without donor restrictions
beginning of year $5,745,963 · end of year $6,279,069
Mission and programs · 2023
Mission
TO PROVIDE INSTRUCTION AND PRACTICE ON CONSTRUCTION EQUIPMENT OF THE TYPE USED WITHIN THE JURISDICTION OF THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 487.
-
TO PROVIDE INSTRUCTION AND PRACTICE ON CONSTRUCTION EQUIPMENT OF THE TYPE USED WITHIN THE JURISDICTION OF THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 487.
Expenses $744,458 · Revenue $1,212,324
As filed on the 2023 return.
Listed in Part VII
-
Michael SmithMICHAEL SMITH
APPRENTICESH
- Total calculated
- $150,352
- From this org
- $100,046
- From related orgs
- $0
- Other
- $50,306
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $100,046
- Bonus
- not reported
- Other
- not reported
- Deferred
- $32,077
- Nontaxable benefits
- $18,229
- Filer's total
- $150,352
-
Scott AlfeleSCOTT ALFELE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.4 + 0.4 related
-
David Short JrDAVID SHORT JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.4 + 0.4 related
-
Jack Epperson JrJACK EPPERSON JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.4 + 0.4 related
-
James KammerJAMES KAMMER
VICE CHAIRPE
- Total calculated
- $0
- Hours/week
- 0.4 + 0.4 related
-
John MullenJOHN MULLEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.4 + 0.4 related
-
Claude PotterCLAUDE POTTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.4 + 0.4 related
-
Mark SchaunamanMARK SCHAUNAMAN
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 0.8 + 0.8 related
-
Scott SingerSCOTT SINGER
VICE CHAIRPE
- Total calculated
- $0
- Hours/week
- 0.4 + 0.4 related
-
Jonathan TurkJONATHAN TURK
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 0.4 + 0.4 related
-
Walberto UtrerasWALBERTO UTRERAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.4 + 0.4 related
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
- 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.
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.
-
IUOE LOCAL 487 HEALTH & WELFARE
501C9 · H & W FUND · MD
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 December 2024
- IRS schema version
- 2023v6.0
- Source object
- 202500219349300120
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