Form 990 for tax year 2024
Filed by SMART LOCAL 265 LABOR MANAGEMENT COOPERATIVE COMMITTEE TRUST FUND.
Totals
- Total revenue
- $2,502,140
- Total expenses
- $2,024,917
- Contributions and grants received
- $0
- Grants paid
- $1,007,716
- Program service revenue
- $2,464,208
- Investment income
- $37,932
- Other revenue
- $0
- Total assets, end of year
- $4,847,930
- Total liabilities, end of year
- $149,315
- Net assets or fund balances, end of year
- $4,698,615
- 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 $2,274,873 · related or exempt $2,274,873
-
2b · Program service revenue: ADMINISTRATION FEE INC
total $154,835 · related or exempt $154,835
-
2c · Program service revenue: CONTRACTOR BOND PREMIU
total $34,500 · related or exempt $34,500
-
3 · Investment income
total $37,932 · excluded $37,932
-
7a · Gross sales of assets other than inventory
securities $350,000
-
7b · Less cost or other basis and sales expenses
securities $350,000
-
7c · Gain or loss
securities $0
-
7d · Net gain or loss
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,500
-
2 · Grants to domestic individuals
total $1,006,216
-
4 · Benefits paid to or for members
total $287,804
-
11a · Fees: management
total $316,626
-
11b · Fees: legal
total $6,022
-
11c · Fees: accounting
total $15,160
-
11f · Fees: investment management
total -$350
-
12 · Advertising and promotion
total $310,832
-
13 · Office expenses
total $28,273
-
14 · Information technology
total $7,612
-
19 · Conferences, conventions and meetings
total $4,566
-
23 · Insurance
total $2,131
-
24a · Other expenses: CONTRACTOR REIMBURSEMEN
total $38,525
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,964,455 · end of year $4,122,930
-
4 · Accounts receivable
beginning of year $351,867 · end of year $366,760
-
9 · Prepaid expenses and deferred charges
beginning of year $18,791 · end of year $17,226
-
11 · Investments: publicly traded securities
end of year $341,014
-
17 · Accounts payable and accrued expenses
beginning of year $43,325 · end of year $4,525
-
25 · Other liabilities
beginning of year $71,708 · end of year $144,790
-
27 · Net assets without donor restrictions
beginning of year $4,220,080 · end of year $4,698,615
Mission and programs · 2024
Mission
TO ASSIST WORKERS AND EMPLOYERS IN SOLVING PROBLEMS OF MUTUAL CONCERN, TO IMPROVE EMPLOYMENT OPPORTUNITIES FOR EMPLOYEES, TO EXPAND THE MARKET FOR THE CONSTRUCTION INDUSTRY, TO IMPROVE COMMUNICATIONS BETWEEN LABOR AND MANAGEMENT, TO PROVIDE WORKERS AND EMPLOYERS WITH OPPORTUNITIES TO EXPLORE JOINT APPROACHES TO ORGANIZATION AND EFFECTIVENESS, AND TO PROVIDE SCHOLARSHIPS FOR THE BENEFIT OF EMPLOYEES AND THEIR FAMILIES FOR STUDY AT EDUCATIONAL INSTITUTIONS.
Activities or mission (Part I)
TO ASSIST WORKERS AND EMPLOYERS IN SOLVING PROBLEMS OF MUTUAL CONCERN, TO IMPROVE EMPLOYMENT OPPORTUNITIES FOR EMPLOYEES, TO EXPAND THE MARKET FOR THE CONSTRUCTION INDUSTRY, TO IMPROVE COMMUNICATION BETWEEN LABOR AND MANAGEMENT, TO PROVIDE WORKERS AND EMPLOYERS WITH OPPORTUNITIES TO EXPLORE JOINT APPROACHES TO ORGANIZATION AND EFFECTIVENESS, AND TO PROVIDE SCHOLARSHIPS FOR THE BENEFIT OF EMPLOYEES AND THEIR FAMILIES FOR STUDY AT EDUCATIONAL INSTITUTIONS.
-
TO ACT AS A COOPERATIVE COMMITTEE BETWEEN EMPLOYERS (MANAGEMENT) AND SMART LOCAL 265 (LABOR) ON PROJECTS OF MUTUAL INTEREST.
-
TO ACT AS A COOPERATIVE COMMITTEE BETWEEN EMPLOYERS (MANAGEMENT) AND SMART LOCAL 265 (LABOR) ON PROJECTS OF MUTUAL INTEREST.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Matt GugalaMATT GUGALA
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
Brian DahlmanBRIAN DAHLMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Kevin GalassKEVIN GALASS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Ron MikaRON MIKA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Brian McSherryBRIAN MCSHERRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Henry ArtlipHENRY ARTLIP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Ric DahlmanRIC DAHLMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
John ShawJOHN SHAW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Ken WiesbrookKEN WIESBROOK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Jeff LutkitshJEFF LUTKITSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
John DanielJOHN DANIEL
FORMER CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
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.
-
SMART LOCAL 265 PENSINO FUND
401(A) · PENSION FUND · IL
-
501(C)(9) · WELFARE FUND · IL
-
SMART LOCAL 265 EDUCATION FUND
501(C)(5) · TRAINING FUND · IL
-
SMART LOCAL 265 SUPP RETIREMENT SAVINGS PLAN
401(A) · ANNUITY FUND · IL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 26 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202640299349300234
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