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← LOCAL UNION 400 IBEW-JOINT APPRENTICE & TRAINING COMMITTEE

Form 990 for tax year 2023

Filed by LOCAL UNION 400 IBEW-JOINT APPRENTICE & TRAINING COMMITTEE.

Totals

Total revenue
$760,074
Total expenses
$870,039
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$610,233
Investment income
$75,295
Other revenue
$74,546
Total assets, end of year
$2,234,142
Total liabilities, end of year
$227,362
Net assets or fund balances, end of year
$2,006,780
Program services expenses (Part IX)
$567,528
Management and general expenses
$302,511
Fundraising expenses
$0
Program service expenses (Part III)
$567,528

Program services were 65.2% 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: EMPLOYERS' CONTRIBUTIONS

    total $610,233 · related or exempt $610,233

  • 3 · Investment income

    total $66,934 · excluded $66,934

  • 7a · Gross sales of assets other than inventory

    securities $1,647,500

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

    securities $1,639,139

  • 7c · Gain or loss

    securities $8,361

  • 7d · Net gain or loss

    total $8,361 · excluded $8,361

  • 11a · Other revenue: TEXT BOOK INCOME

    total $54,614 · related or exempt $54,614

  • 11b · Other revenue: APPLICATION & ASSESSMENT FEES

    total $10,470 · related or exempt $10,470

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $9,462 · related or exempt $9,462

  • 11e · Other revenue, total

    $74,546

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $132,089 · program services $132,089

  • 7 · Other salaries and wages

    total $98,945 · program services $98,945

  • 8 · Pension plan contributions

    total $50,027 · program services $50,027

  • 9 · Other employee benefits

    total $60,158 · program services $60,158

  • 10 · Payroll taxes

    total $31,368 · program services $31,368

  • 11b · Fees: legal

    total $25,215 · management and general $25,215

  • 11c · Fees: accounting

    total $11,212 · management and general $11,212

  • 11f · Fees: investment management

    total $919 · management and general $919

  • 11g · Fees: other

    total $4,863 · management and general $4,863

  • 12 · Advertising and promotion

    total $55,390 · management and general $55,390

  • 13 · Office expenses

    total $33,816 · management and general $33,816

  • 14 · Information technology

    total $15,449 · management and general $15,449

  • 16 · Occupancy

    total $73,459 · management and general $73,459

  • 19 · Conferences, conventions and meetings

    total $19,343 · management and general $19,343

  • 22 · Depreciation, depletion and amortization

    total $21,006 · management and general $21,006

  • 23 · Insurance

    total $21,939 · management and general $21,939

  • 24a · Other expenses: TRAINING & SUPPLIES

    total $163,361 · program services $163,361

  • 24b · Other expenses: DRUG SCREENING

    total $14,277 · program services $14,277

  • 24c · Other expenses: OTHER EXPENSES

    total $11,879 · program services $11,879

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $10,269 · management and general $10,269

  • 24e · All other expenses

    total $15,055 · program services $5,424 · management and general $9,631

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,789 · end of year $78,704

  • 2 · Savings and temporary cash investments

    beginning of year $1,097,953 · end of year $626,146

  • 4 · Accounts receivable

    beginning of year $71,966 · end of year $62,110

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,748 · end of year $9,361

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

    $426,754

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

    $204,133

  • 10c · Land, buildings and equipment, net

    beginning of year $157,219 · end of year $222,621

  • 11 · Investments: publicly traded securities

    beginning of year $731,266 · end of year $1,026,065

  • 15 · Other assets

    beginning of year $287,331 · end of year $209,135

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,177 · end of year $18,227

  • 25 · Other liabilities

    beginning of year $287,331 · end of year $209,135

  • 27 · Net assets without donor restrictions

    beginning of year $2,158,764 · end of year $2,006,780

Mission and programs · 2023

Mission

THE ORGANIZATION TRAINS INDIVIDUALS TO SERVE AS QUALIFIED ELECTRICIANS.

  • THE ORGANIZATION TRAINS INDIVIDUALS TO SERVE AS QUALIFIED ELECTRICIANS.

    Expenses $567,528 · Revenue $684,779

As filed on the 2023 return.

Listed in Part VII

  • Robert Shimko

    TRUSTEE

    Total calculated
    $377,164
    From this org
    $0
    From related orgs
    $220,564
    Other
    $156,600
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,564 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $83,814 related
    Nontaxable benefits
    $0 + $72,786 related
    Filer's total
    $0 + $377,164 related

  • Michael Tomasiello

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Joseph Sole

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Michael J Ricca

    TRUSTEE

    Total calculated
    $323,298
    From this org
    $0
    From related orgs
    $189,063
    Other
    $134,235
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,063 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $71,844 related
    Nontaxable benefits
    $0 + $62,391 related
    Filer's total
    $0 + $323,298 related

  • Michael McKiever

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Phil O' Neill

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Todd J Larsen

    TRAINING DIRECTOR

    Total calculated
    $226,563
    From this org
    $132,089
    From related orgs
    $0
    Other
    $94,474
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,089
    Bonus
    $0
    Other
    $0
    Deferred
    $53,989
    Nontaxable benefits
    $40,485
    Filer's total
    $226,563

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 · 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

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.

  • LOCAL 400 IBEW WELFARE FUND

    501(C)(9) · TO FUND HEALTH AND WELFARE BENEFITS FOR ELIGIBLE PARTICIPANTS. · NJ

  • LOCAL UNION 400 IBEW PENSION PLAN

    401(A) · TO FUND PENSION BENEFITS FOR ELIGIBLE PARTICIPANTS · NJ

  • LOCAL UNION 400 IBEW SUPPLEMENTAL BENEFIT PLAN

    501(C)(9) · TO PROVIDE SUPPLEMENTAL BENEFITS FOR ELIGIBLE PARTICIPANTS · NJ

  • LOCAL UNION 400 IBEW JOINT ANNUITY FUND

    401(A) · TO PROVIDE ANNUITY BENEFITS FOR ELIGIBLE PARTICIPANTS · NJ

  • IBEW LOCAL UNION 400 BUILDING INC

    501(C)(2) · THE ORGANIZATION PROVEDS RENTAL SPACE TO LOCAL AND A HALL FOR ITS MEMBERS · NJ

  • IBEW 400 LOCAL UNION

    501(C)(5) · TO REPRESENT UNION MEMBERS FOR THE PURPOSE OF COLLECTIVE BARGAINING · NJ

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202541329349305099

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