Ironworkers Union Local 22 Apprentice Fund
- Assets
- $2.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 16
- Location
- Indianapolis, IN
- Founding
- 12/1940
- Data as of
- 12/2021
- EIN
- 35-1177556
Organization Overview
Ironworkers Union Local 22 Apprentice Fund, operating under the name Iron Workers Local #22 Jatc, is located in Indianapolis, IN. The organization was established in 1940. 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, Iron Workers Local #22 Jatc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iron Workers Local #22 Jatc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Iron Workers Local #22 Jatc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CAREFULLY SELECT AND TRAIN INDIVIDUALS TO BECOME QUALIFIED WORKERS IN ALL FACETS OF OUR TRADE IN OUR CRAFT JURISDICTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IRON WORKERS APPRENTICESHIP TRAINING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Widener Coordinator | Officer | 50 | $96,974 |
Kenneth Haggard Chair | OfficerTrustee | 1 | $1,570 |
Cody Bates Committee Member | Trustee | 1 | $372 |
John Whitaker Committee Member | OfficerTrustee | 1 | $0 |
Willie Harmon Recording Secretary | OfficerTrustee | 1 | $0 |
Will Erwin Committee Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $389,819 |
| 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 | $389,819 |
| Total Program Service Revenue | $756,633 |
| Investment income | $85,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,019 |
| Net Income from Fundraising Events | $8,012 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,251,792 |
| 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. | $155,716 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $273,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $153,628 |
| Payroll taxes | $28,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $431 |
| Fees for services: Accounting | $24,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,489 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,502 |
| Office expenses | $7,438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,000 |
| Travel | $1,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,107 |
| Interest | $353 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,513 |
| Insurance | $12,009 |
| All other expenses | $5,833 |
| Total functional expenses | $1,200,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $255,950 |
| 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 | $1,114,789 |
| Investments—publicly traded securities | $1,010,141 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,380,880 |
| Accounts payable and accrued expenses | $4,675 |
| 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 | $4,675 |
| Net assets without donor restrictions | $2,376,205 |
| 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 | $2,380,880 |
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