Iron Workers Local 7 Joint Apprentice Committee Educational F
- Assets
- $10.5m
- Revenue
- $4.4m
- Investments
- $2.1m
- Employees
- 65
- Location
- South Boston, MA
- Founding
- 07/1968
- Data as of
- 06/2021
- EIN
- 04-6110167
Organization Overview
Iron Workers Local 7 Joint Apprentice Committee Educational F is located in South Boston, MA. The organization was established in 1968. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2021, Iron Workers Local 7 Joint Apprentice Committee Educational F employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iron Workers Local 7 Joint Apprentice Committee Educational F is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Iron Workers Local 7 Joint Apprentice Committee Educational F generated $4.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. While expenses have increased by 1.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION OF APPRENTICE IRONWORKERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE AND TRAIN APPRENTICE IRON WORKERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Sullivan Treasurer | 40 | $147,331 | |
Paul Landerholm Training Coordinator | Officer | 40 | $5,106 |
Thomas Gunning Recording Sec | OfficerTrustee | 10 | $0 |
Michael Hess President | OfficerTrustee | 10 | $0 |
Jacqueline Magill Trustee | Trustee | 10 | $0 |
Brian Benson Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,989,515 |
| Investment income | $70,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,381,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $163,597 |
| Compensation of current officers, directors, key employees. | $163,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $709,835 |
| Pension plan accruals and contributions | $283,948 |
| Other employee benefits | $184,374 |
| Payroll taxes | $99,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,250 |
| Fees for services: Accounting | $56,362 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,250 |
| Advertising and promotion | $0 |
| Office expenses | $9,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $421,516 |
| Travel | $3,572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,276 |
| Insurance | $48,379 |
| All other expenses | $44,773 |
| Total functional expenses | $2,514,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,875 |
| Savings and temporary cash investments | $5,347,938 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $174,866 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,920 |
| Net Land, buildings, and equipment | $2,175,222 |
| Investments—publicly traded securities | $694,448 |
| Investments—other securities | $2,061,602 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,525,871 |
| Accounts payable and accrued expenses | $114,778 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $114,778 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $10,411,093 |
| Total liabilities and net assets/fund balances | $10,525,871 |
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|---|---|---|
North Atlantic States Carpenters Training Fund Millbury, MA | $72,466,434 | $22,130,164 |
Building Service Thomas Shortman Training Scholarship And New York, NY | $24,265,152 | $18,661,986 |
New York District Council Crpntrs Apprntcshp Jrnymn Retraing Educa New York, NY | $32,423,989 | $13,554,381 |
Groundtruth Project Inc Boston, MA | $12,977,835 | $12,726,930 |
Skills For Rhode Islands Future Providence, RI | $3,601,484 | $11,174,331 |
Hawthorne Valley Association Inc Ghent, NY | $11,965,949 | $10,914,219 |
Liuna Training And Education Fund Pomfret Center, CT | $19,387,955 | $9,381,853 |
Joint Apprenticeship And Training Trust Fund Local 103 Ibew Boston, MA | $13,179,581 | $8,861,151 |
National Automatic Sprinkler Industry Apprentice And Training New Milford, CT | $8,318,559 | $7,669,959 |
Opportunities For A Better Tomorrow Inc Brooklyn, NY | $2,168,451 | $7,819,105 |
Daybreak Independent Service Inc Yonkers, NY | $5,959,924 | $7,495,936 |
District Council 37 Educational Fund New York, NY | $10,076,820 | $7,327,627 |