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Nonprofiteer
← L U NO 488 IBEW JOINT APPRENTICESHIP TRAINING FUND

Form 990 for tax year 2023

Filed by L U NO 488 IBEW JOINT APPRENTICESHIP TRAINING FUND.

Totals

Total revenue
$521,668
Total expenses
$564,679
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$490,319
Investment income
$31,349
Other revenue
$0
Total assets, end of year
$1,273,174
Total liabilities, end of year
$21
Net assets or fund balances, end of year
$1,273,153
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 $422,705 · related or exempt $422,705

  • 2b · Program service revenue: BOOK SALES AND REIMBUR

    total $47,975 · related or exempt $47,975

  • 2c · Program service revenue: OTHER INCOME

    total $9,614 · related or exempt $9,614

  • 2d · Program service revenue: SCHOOL CLASS INCOME

    total $5,675 · related or exempt $5,675

  • 2e · Program service revenue: APPRENTICE REGISTRATIO

    total $4,350 · related or exempt $4,350

  • 3 · Investment income

    total $31,349 · excluded $31,349

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,877

  • 7 · Other salaries and wages

    total $176,048

  • 8 · Pension plan contributions

    total $55,202

  • 9 · Other employee benefits

    total $24,495

  • 10 · Payroll taxes

    total $15,063

  • 11b · Fees: legal

    total $2,400

  • 11c · Fees: accounting

    total $8,586

  • 11f · Fees: investment management

    total $7,970

  • 13 · Office expenses

    total $3,450

  • 14 · Information technology

    total $189

  • 16 · Occupancy

    total $144,627

  • 17 · Travel

    total $15,659

  • 19 · Conferences, conventions and meetings

    total $6,551

  • 21 · Payments to affiliates

    total $200

  • 22 · Depreciation, depletion and amortization

    total $11,373

  • 23 · Insurance

    total $1,005

  • 24a · Other expenses: BOOKS

    total $56,894

  • 24b · Other expenses: GENERAL SCHOOL EXPENSE

    total $15,583

  • 24c · Other expenses: APPRENTICE TRAINING AND

    total $8,360

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $4,223

  • 24e · All other expenses

    total $4,924

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,902 · end of year $19,538

  • 2 · Savings and temporary cash investments

    beginning of year $63,460 · end of year $218,139

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

    $131,325

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

    $127,208

  • 10c · Land, buildings and equipment, net

    beginning of year $12,596 · end of year $4,117

  • 11 · Investments: publicly traded securities

    beginning of year $1,106,256 · end of year $1,022,391

  • 15 · Other assets

    beginning of year $8,989 · end of year $8,989

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,474 · end of year $21

  • 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 $1,268,729 · end of year $1,273,153

Mission and programs · 2023

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 2023 return.

Listed in Part VII

  • MICHAEL MOCONYI

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • WILLIE MCBRIDE

    JATC COM MANAGEMENT

    Total calculated
    $0
    Hours/week
    1

  • PATRICK LEWIS

    JATC COM MANAGEMENT

    Total calculated
    $0
    Hours/week
    1

  • DANIEL MCINERNEY

    JATC COM LABOR/SECRETARY

    Total calculated
    $206,667
    From this org
    $1,822
    From related orgs
    $134,175
    Other
    $70,670
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $1,822 + $134,175 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $49,539 related
    Nontaxable benefits
    $55 + $21,076 related
    Filer's total
    $1,877 + $204,790 related

  • RASHELL OSBORNE

    JATC COM LABOR

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY CAVALLI

    JATC COM LABOR

    Total calculated
    $182,522
    From this org
    $0
    From related orgs
    $116,597
    Other
    $65,925
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $116,597 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $44,849 related
    Nontaxable benefits
    $0 + $21,076 related
    Filer's total
    $0 + $182,522 related

  • THOMAS J SPORTINI

    TEACHER/DIRECTOR

    Total calculated
    $210,860
    From this org
    $132,759
    From related orgs
    $0
    Other
    $78,101
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,759
    Bonus
    $0
    Other
    $0
    Deferred
    $53,606
    Nontaxable benefits
    $24,495
    Filer's total
    $210,860

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.

Provenance

Return type
form_990
Tax year
2023
Filed
17 April 2024
IRS schema version
2023v5.0
Source object
202441089349300924

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