Local 773 Plumbers & Steamfitters Apprenticeship Fund
- Assets
- $8.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 26
- Location
- Glens Falls, NY
- Founding
- 12/2007
- Data as of
- 12/2021
- EIN
- 14-1548145
Organization Overview
Local 773 Plumbers & Steamfitters Apprenticeship Fund is located in Glens Falls, NY. The organization was established in 2007. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Local 773 Plumbers & Steamfitters Apprenticeship Fund employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 773 Plumbers & Steamfitters Apprenticeship Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Local 773 Plumbers & Steamfitters Apprenticeship Fund generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $724.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. 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
TO PROVIDE TRAINING, TESTING AND CERTIFICATION PROGRAMS FOR MEMBERS OF LOCAL 773.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TRAINING, TESTING AND CERTIFICATION PROGRAMS TO MEMBERS OF LOCAL 773.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald F Gordon Trustee | Trustee | 5 | $5,977 |
Terry L Brown Trustee | Trustee | 5 | $1,920 |
Michael Jarvis Chairman | OfficerTrustee | 5 | $0 |
Dan Keating Trustee | Trustee | 5 | $0 |
Mark Collins Trustee | Trustee | 5 | $0 |
Eric Wright Trustee | Trustee | 5 | $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 | $721,942 |
| Investment income | $291,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $274,960 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,307,944 |
| 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. | $7,897 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,353 |
| Pension plan accruals and contributions | $13,904 |
| Other employee benefits | $20,302 |
| Payroll taxes | $18,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,403 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,431 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $241,020 |
| Travel | $1,680 |
| 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 | $64,079 |
| Insurance | $4,217 |
| All other expenses | $4,986 |
| Total functional expenses | $724,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,404 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $284,168 |
| Investments—publicly traded securities | $7,372,589 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,965,161 |
| Accounts payable and accrued expenses | $1,501 |
| 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 | $21,905 |
| Total liabilities | $23,406 |
| Net assets without donor restrictions | $7,941,755 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,965,161 |