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Nonprofiteer
← IBEW LOCAL 351 JATC FUND

Form 990 for tax year 2023

Filed by IBEW LOCAL 351 JATC FUND.

Totals

Total revenue
$1,318,678
Total expenses
$1,430,156
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,065,813
Investment income
$30,252
Other revenue
$222,613
Total assets, end of year
$4,797,724
Total liabilities, end of year
$2,439
Net assets or fund balances, end of year
$4,795,285
Program services expenses (Part IX)
$814,702
Management and general expenses
$615,454
Fundraising expenses
$0
Program service expenses (Part III)
$814,702

Program services were 57.0% 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' CONTRIBUTIO

    total $1,065,813 · related or exempt $1,065,813

  • 3 · Investment income

    total $25,231 · excluded $25,231

  • 7a · Gross sales of assets other than inventory

    other assets $17,000

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

    other assets $11,979

  • 7c · Gain or loss

    other assets $5,021

  • 7d · Net gain or loss

    total $5,021 · excluded $5,021

  • 11a · Other revenue: TEXT BOOK SALES

    total $199,021 · related or exempt $199,021

  • 11b · Other revenue: APPLICATION FEES

    total $15,900 · related or exempt $15,900

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $7,692 · related or exempt $7,692

  • 11e · Other revenue, total

    $222,613

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $457,667 · program services $380,817 · management and general $76,850

  • 8 · Pension plan contributions

    total $48,582 · program services $36,437 · management and general $12,145

  • 9 · Other employee benefits

    total $114,445 · program services $85,431 · management and general $29,014

  • 10 · Payroll taxes

    total $44,525 · program services $36,996 · management and general $7,529

  • 11b · Fees: legal

    total $3,000 · management and general $3,000

  • 11c · Fees: accounting

    total $7,700 · management and general $7,700

  • 11f · Fees: investment management

    total $5,899 · management and general $5,899

  • 12 · Advertising and promotion

    total $4,119 · management and general $4,119

  • 13 · Office expenses

    total $7,964 · management and general $7,964

  • 14 · Information technology

    total $20,456 · management and general $20,456

  • 16 · Occupancy

    total $103,390 · management and general $103,390

  • 19 · Conferences, conventions and meetings

    total $37,505 · management and general $37,505

  • 20 · Interest

    total $45,217 · management and general $45,217

  • 22 · Depreciation, depletion and amortization

    total $161,308 · management and general $161,308

  • 23 · Insurance

    total $33,751 · management and general $33,751

  • 24a · Other expenses: TEXT BOOKS

    total $190,484 · program services $190,484

  • 24b · Other expenses: GRADUATION BANQUET & AW

    total $68,035 · program services $68,035

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $28,600 · management and general $28,600

  • 24d · Other expenses: TRASH REMOVAL

    total $9,893 · management and general $9,893

  • 24e · All other expenses

    total $37,616 · program services $16,502 · management and general $21,114

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,405,337 · end of year $624,992

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

    $5,838,520

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

    $1,725,515

  • 10c · Land, buildings and equipment, net

    beginning of year $4,234,114 · end of year $4,113,005

  • 11 · Investments: publicly traded securities

    beginning of year $749,728 · end of year $59,727

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,440 · end of year $2,439

  • 23 · Secured mortgages and notes payable

    beginning of year $1,592,315 · end of year $0

  • 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 $0 · end of year $0

Mission and programs · 2023

Mission

THIS PROGRAM PROVIDES TRAINING AND EDUCATIONAL PROGRAMS FOR THE MEMBERS OF THE IBEW LOCAL 351.

  • THIS PROGRAM PROVIDES TRAINING AND EDUCATIONAL PROGRAMS FOR THE MEMBERS OF THE IBEW LOCAL 351.

    Expenses $814,702 · Revenue $1,288,426

As filed on the 2023 return.

Listed in Part VII

  • Daniel Cosner

    CHAIRMAN

    Total calculated
    $446,839
    From this org
    $0
    From related orgs
    $281,129
    Other
    $165,710
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,129 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $149,591 related
    Nontaxable benefits
    $0 + $16,119 related
    Filer's total
    $0 + $446,839 related

  • Alex Couchoud

    UNION REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Charles Della Vecchia

    UNION REPRESENTATIVE

    Total calculated
    $394,503
    From this org
    $0
    From related orgs
    $244,460
    Other
    $150,043
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,460 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $130,084 related
    Nontaxable benefits
    $0 + $19,959 related
    Filer's total
    $0 + $394,503 related

  • Stephen Gandy

    UNION REPRESENTATIVE

    Total calculated
    $319,589
    From this org
    $0
    From related orgs
    $195,569
    Other
    $124,020
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,569 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $104,061 related
    Nontaxable benefits
    $0 + $19,959 related
    Filer's total
    $0 + $319,589 related

  • John Gray

    UNION REPRESENTATIVE

    Total calculated
    $315,749
    From this org
    $0
    From related orgs
    $195,569
    Other
    $120,180
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,569 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $104,061 related
    Nontaxable benefits
    $0 + $16,119 related
    Filer's total
    $0 + $315,749 related

  • Edward Reiser

    UNION REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Thomas Peterson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Matt Gallagher

    NECA REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Houde

    NECA REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Joseph Knecht Jr

    NECA REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Wayne Owsley

    NECA REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Raymond Palmieri

    NECA REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Louis Jiacopello

    TRAINING DIRECTOR

    Total calculated
    $281,125
    From this org
    $174,221
    From related orgs
    $0
    Other
    $106,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,221
    Bonus
    $0
    Other
    $0
    Deferred
    $86,945
    Nontaxable benefits
    $19,959
    Filer's total
    $281,125

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 January 2025
IRS schema version
2023v6.0
Source object
202530159349300018

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