Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd
- Assets
- $2.8m
- Revenue
- $689.0k
- Investments
- $0.0
- Employees
- 18
- Location
- North Brunswick, NJ
- Founding
- 11/1982
- Data as of
- 06/2022
- 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 06/2022, Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd employed 18 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 06/2022, Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd generated $689.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $674.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) 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
2022
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 |
|---|---|---|---|
Kevin Van Liew Secretary | Trustee | 2 | $1,534 |
Neal Smith Trustee | Trustee | 2 | $1,534 |
Craig Coffey Chairman | Trustee | 5 | $0 |
Dennis F Cronin Treasurer | Trustee | 2 | $0 |
Jeferey Shaute Trustee | Trustee | 2 | $0 |
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 | $656,246 |
| Investment income | $28,285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,489 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $689,020 |
| 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 | $112,261 |
| Pension plan accruals and contributions | $48,710 |
| Other employee benefits | $48,478 |
| Payroll taxes | $4,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,253 |
| Fees for services: Accounting | $20,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,224 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,853 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,102 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,613 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,981 |
| Insurance | $9,115 |
| All other expenses | $12,704 |
| Total functional expenses | $674,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,969 |
| Savings and temporary cash investments | $1,536,826 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,277 |
| 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 | $7,724 |
| Net Land, buildings, and equipment | $35,864 |
| Investments—publicly traded securities | $1,014,289 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,771,949 |
| Accounts payable and accrued expenses | $35,529 |
| 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 | $4,668 |
| Total liabilities | $40,197 |
| Net assets without donor restrictions | $2,731,752 |
| 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 | $2,771,949 |
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|---|---|---|
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Northeast Carpenters Apprenticeship Fund Edison, NJ | $19,860,788 | $10,381,249 |
Hawthorne Valley Association Inc Ghent, NY | $11,965,949 | $10,914,219 |
Operating Engineers Local 825 Springfield, NJ | $22,861,458 | $9,545,959 |
Operating Engineers Local 825 Sub Fund Springfield, NJ | $82,702,164 | $12,313,269 |
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |
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 |
Eastern Atlantic States Carpenters Technical College Philadelphia, PA | $14,328,660 | $6,924,336 |
District Council 37 Educational Fund New York, NY | $10,076,820 | $7,327,627 |
Private Industry Council Of Passaic County Incorporated Paterson, NJ | $8,802,108 | $8,665,964 |