Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd
- Assets
- $2.9m
- Revenue
- $836.8k
- Investments
- $0.0
- Employees
- 22
- Location
- North Brunswick, NJ
- Founding
- 11/1982
- Data as of
- 06/2023
- EIN
- 22-2103358
Organization Overview
Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd is located in North Brunswick, NJ. The organization was established in 1982. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2023, Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd 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 06/2023, Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd generated $836.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $693.4k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN TRAINING FACILITIES TO PROVIDE FOR TRAINING OF APPRENTICES AND JOURNEYMEN
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IBEW LOCAL UNION #456 ELECTRICAL JATC PROVIDES EDUCATION AND TRAINING FOR IBEW 456 APPRENTICES. THIS EDUCATION AND TRAINING ENABLES EACH APPRENTICE TO LEARN THE SKILLS REQUIRED IN THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Coffey Chairman | Trustee | 5 | $0 |
Dennis F Cronin Treasurer | Trustee | 2 | $0 |
Kevin Van Liew Secretary | Trustee | 2 | $1,340 |
Jeferey Shaute Trustee | Trustee | 2 | $0 |
Neal Smith Trustee | Trustee | 2 | $2,092 |
Nick Sambucci Trustee | Trustee | 2 | $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 | $788,115 |
| Investment income | $49,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$308 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $836,820 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,341 |
| Pension plan accruals and contributions | $39,882 |
| Other employee benefits | $44,022 |
| Payroll taxes | $5,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,295 |
| Fees for services: Accounting | $21,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,924 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,909 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,611 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,174 |
| Insurance | $8,994 |
| All other expenses | $15,455 |
| Total functional expenses | $693,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,996 |
| Savings and temporary cash investments | $1,417,159 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,708 |
| 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 | $8,142 |
| Net Land, buildings, and equipment | $27,690 |
| Investments—publicly traded securities | $1,072,929 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,835 |
| Total assets | $2,949,459 |
| Accounts payable and accrued expenses | $15,710 |
| 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 | $22,337 |
| Total liabilities | $38,047 |
| Net assets without donor restrictions | $2,911,412 |
| 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 | $2,949,459 |