Local 126 Ibew Occupational Safety Health & Educ Trust Fund
- Assets
- $36.8m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Collegeville, PA
- Founding
- 09/1973
- Data as of
- 12/2023
- 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 12/2023, Local 126 Ibew Occupational Safety Health & Educ Trust Fund employed 5 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 12/2023, Local 126 Ibew Occupational Safety Health & Educ Trust Fund generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $4.6m during the year ending 12/2023. While expenses have increased by 9.8% per year over the past 9 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
2023
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 |
|---|---|---|---|
Randy Roberts Management Trustee | Trustee | 0.5 | $0 |
Jeffrey P Scarpello Management Trustee | Trustee | 0.5 | $0 |
Christopher Wentzel Union Trustee | Trustee | 0.5 | $0 |
Richard Muttik Union Trustee | Trustee | 0.5 | $0 |
Patrick A Casey Union Trustee | Trustee | 0.5 | $0 |
Harry B Miller III 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 | $6,571,183 |
| Investment income | $1,100,987 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $116,867 |
| Net Gain/Loss on Asset Sales | $52,017 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,844,074 |
| 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 | $761,823 |
| Pension plan accruals and contributions | $202,347 |
| Other employee benefits | $135,530 |
| Payroll taxes | $54,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,814 |
| Fees for services: Accounting | $34,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,000 |
| Fees for services: Other | $26,772 |
| Advertising and promotion | $0 |
| Office expenses | $133,264 |
| Information technology | $52,429 |
| Royalties | $0 |
| Occupancy | $224,859 |
| Travel | $58,074 |
| 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 | $535,952 |
| Insurance | $77,323 |
| All other expenses | $30,808 |
| Total functional expenses | $4,630,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,336,715 |
| Savings and temporary cash investments | $1,075,457 |
| 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 | $11,009,942 |
| Investments—publicly traded securities | $23,327,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,750,112 |
| Accounts payable and accrued expenses | $4,424 |
| 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 | $4,424 |
| 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 | $36,745,688 |
| Total liabilities and net assets/fund balances | $36,750,112 |