Lake & Geauga Electrical Joint Apprenticeship & Training Trust Fu
- Assets
- $777.4k
- Revenue
- $269.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Mentor, OH
- Founding
- 02/1973
- Data as of
- 12/2021
- EIN
- 23-7220270
Organization Overview
Lake & Geauga Electrical Joint Apprenticeship & Training Trust Fu is located in Mentor, OH. The organization was established in 1973. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Lake & Geauga Electrical Joint Apprenticeship & Training Trust Fu employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake & Geauga Electrical Joint Apprenticeship & Training Trust Fu 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 12/2021, Lake & Geauga Electrical Joint Apprenticeship & Training Trust Fu generated $269.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $309.4k during the year ending 12/2021. 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
THE FUND PROVIDES EDUCATIONAL & TRAINING BENEFITS FOR ALL APPRENTICES AND JOURNEYMEN OF I.B.E.W. LOCAL 673
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES EDUCATIONAL MATERIALS, TEACHERS, TESTING AND CERTIFICATION FOR APPRENTICES AND JOURNEYMEN THROUGH CLASSROOM AND LAB TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mealy Ft Training | OfficerTrustee | 40 | $72,696 |
John Rusnak Trustee/chai | OfficerTrustee | 1 | $0 |
Tom Shreves Trustee/secr | OfficerTrustee | 1 | $0 |
Ben Misseri Trustee | Trustee | 1 | $0 |
Michael Kubacki Trustee | Trustee | 1 | $0 |
Salee Sellers Trustee | Trustee | 1 | $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 | $270,005 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$225 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $269,780 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,372 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,696 |
| Compensation of current officers, directors, key employees. | $72,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,698 |
| Pension plan accruals and contributions | $28,564 |
| Other employee benefits | $13,601 |
| Payroll taxes | $10,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $646 |
| Fees for services: Accounting | $8,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $927 |
| Advertising and promotion | $1,200 |
| Office expenses | $2,709 |
| Information technology | $1,781 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,613 |
| Interest | $1,793 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,859 |
| Insurance | $1,414 |
| All other expenses | $6,402 |
| Total functional expenses | $309,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,883 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,226 |
| 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 | $513,317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $777,426 |
| Accounts payable and accrued expenses | $34 |
| 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 | $7,174 |
| Total liabilities | $7,208 |
| Net assets without donor restrictions | $770,218 |
| 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 | $777,426 |
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