Apprentice Education Trust Local 440
- Assets
- $6.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 59
- Location
- Indianapolis, IN
- Founding
- 09/1974
- Data as of
- 12/2022
- EIN
- 35-1323832
Organization Overview
Apprentice Education Trust Local 440 is located in Indianapolis, IN. The organization was established in 1974. 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, Apprentice Education Trust Local 440 employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apprentice Education Trust Local 440 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 12/2022, Apprentice Education Trust Local 440 generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING AND EDUCATIONAL PROGRAMS FOR APPRENTICE AND JOURNEYMEN WORKERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND EDUCATIONAL PROGRAMS FOR APPRENTICE AND JOURNEYMEN WORKERS ENTERING THE PIPEFITTING, HEATING, AND AIR CONDITIONING TRADES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Gutzwiller Director | Trustee | 1 | $0 |
Jamie Fife Chairman | OfficerTrustee | 1 | $0 |
Roch Richardson Secretary | OfficerTrustee | 1 | $0 |
Chris Quinn Trustee | Trustee | 1 | $0 |
Don Bough Trustee | Trustee | 1 | $0 |
Lawrence Tolley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $758,163 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,859 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $924,022 |
| Total Program Service Revenue | $2,693,804 |
| Investment income | $75,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$66,655 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,642,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $547,652 |
| 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 | $812,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $216,603 |
| Payroll taxes | $64,910 |
| Fees for services: Management | $9,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,840 |
| Fees for services: Other | $18,931 |
| Advertising and promotion | $0 |
| Office expenses | $33,577 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $209,432 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,902 |
| Interest | $0 |
| Payments to affiliates | $287,023 |
| Depreciation, depletion, and amortization | $152,925 |
| Insurance | $31,160 |
| All other expenses | $152,648 |
| Total functional expenses | $2,964,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,651,844 |
| Savings and temporary cash investments | $334,621 |
| 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 | $2,003,824 |
| Investments—publicly traded securities | $2,443,641 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,433,930 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $6,433,930 |
| Total liabilities and net assets/fund balances | $6,433,930 |