Insulators Local 37 Jt Apprenticeship & Training Fund
- Assets
- $282.9k
- Revenue
- $233.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Evansville, IN
- Founding
- 11/2010
- Data as of
- 12/2022
- EIN
- 27-2790409
Organization Overview
Insulators Local 37 Jt Apprenticeship & Training Fund is located in Evansville, IN. The organization was established in 2010. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2022, Insulators Local 37 Jt Apprenticeship & Training Fund employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Insulators Local 37 Jt Apprenticeship & Training Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Insulators Local 37 Jt Apprenticeship & Training Fund generated $233.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $233.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) 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
PROVIDING FUNDING AND OPERATION OF THE APPRENTICESHIP AND TRAINING PROGRAM FOR OUR MEMBERS AND SUPPLYING OUR SIGNATORY CONTRACTORS WITH A SKILLED WORK FORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS FROM CONTRACTOR MEMBERS COLLECTED AND EXPENSES PAID TO PROVIDE APPRENTICESHIP AND SAFETY TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary Mills Board Member | Trustee | 0.5 | $0 |
Rick Bledso Director/administrator | Trustee | 25.5 | $71,702 |
Brian Gaiser Board Member | Trustee | 0.5 | $0 |
Robert Harner Board Member | Trustee | 1.5 | $0 |
Ryan Hobgood Board Member | Trustee | 0.5 | $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 | $82,351 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,351 |
| Total Program Service Revenue | $151,358 |
| Investment income | $74 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $233,899 |
| 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. | $71,702 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,016 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,091 |
| Fees for services: Management | $10,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,205 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,741 |
| Travel | $3,467 |
| 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 | $0 |
| Insurance | $6,545 |
| All other expenses | $0 |
| Total functional expenses | $233,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,080 |
| Savings and temporary cash investments | $268,266 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $535 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $282,881 |
| Accounts payable and accrued expenses | $34,549 |
| 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 | $1,283 |
| Total liabilities | $35,832 |
| Net assets without donor restrictions | $247,049 |
| 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 | $282,881 |