Local 126 Ibew Occupational Safety Health & Educ Trust Fund
- Assets
- $24.5m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Collegeville, PA
- Founding
- 09/1973
- Data as of
- 12/2020
- EIN
- 23-1919421
Organization Overview
Local 126 Ibew Occupational Safety Health & Educ Trust Fund is located in Collegeville, PA. The organization was established in 1973. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2020, Local 126 Ibew Occupational Safety Health & Educ Trust Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 126 Ibew Occupational Safety Health & Educ Trust Fund 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 12/2020, Local 126 Ibew Occupational Safety Health & Educ Trust Fund generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $3.8m during the year ending 12/2020. While expenses have increased by 11.1% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FUND PROVIDES OCCUPATIONAL TRAINING, EDUCATION, AND TESTING FOR MEMBERS OF IBEW LOCAL #126.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND PROVIDES OCCUPATIONAL TRAINING, EDUCATION, AND TESTING FOR MEMBERS OF IBEW LOCAL #126. PROGRAMS INCLUDE BUT ARE NOT LIMITED TO OCCUPATIONAL SAFETY, WORK EDUCATION & TRAINING SESSIONS, HEALTH EDUCATION, AND LICENSE TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve W Lutz Director | 50 | $179,509 | |
Steven Kuncelman Asst Director | 50 | $166,473 | |
Randy Roberts Management Trustee | Trustee | 0.5 | $0 |
Christopher Wentzel Union Trustee | Trustee | 0.5 | $0 |
Patrick A Casey Union Trustee | Trustee | 0.5 | $0 |
Jeffrey P Scarpello Management Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Design Build Llc Construction Of Building | 12/30/19 | $3,669,623 |
Partners In Safety Medical Services | 12/30/19 | $103,810 |
Pnc Bank Loan Fees | 12/30/19 | $230,300 |
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 | $8,455,812 |
| Investment income | $87,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,531 |
| Net Gain/Loss on Asset Sales | -$33,126 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,587,312 |
| 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 | $523,217 |
| Pension plan accruals and contributions | $121,642 |
| Other employee benefits | $108,959 |
| Payroll taxes | $35,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,890 |
| Fees for services: Accounting | $32,877 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $137,196 |
| Information technology | $33,713 |
| Royalties | $0 |
| Occupancy | $147,178 |
| Travel | $41,010 |
| 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 | $511,779 |
| Insurance | $55,143 |
| All other expenses | $18,572 |
| Total functional expenses | $3,754,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,167,298 |
| Savings and temporary cash investments | $7,441,257 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17 |
| 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 | $12,080,685 |
| Investments—publicly traded securities | $3,770,465 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,459,722 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,227 |
| Total liabilities | $3,227 |
| 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 | $24,456,495 |
| Total liabilities and net assets/fund balances | $24,459,722 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
University Of Maryland Obstetrical And Gynecological Associates P A Baltimore, MD | $13,649,114 | $19,437,289 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
Educational Foundation Of America Bethesda, MD | $294,733,951 | $32,812,396 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |