Institute For Career Development Inc
- Assets
- $1.7m
- Revenue
- $984.0k
- Investments
- $40.4k
- Employees
- 6
- Location
- Merrillville, IN
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 35-1818874
Organization Overview
Institute For Career Development Inc is located in Merrillville, IN. The organization was established in 1992. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Institute For Career Development Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Career Development Inc 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, Institute For Career Development Inc generated $984.0k 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 (3.6%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A WORKFORCE TRAINING PROGRAM FOR ELIGIBLE MEMBERS OF THE UNITED STEELWORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS AS ITS EXEMPT PURPOSE ACTIVITIES UNDER CODE SECTION 501(C)(5) AND OPERATES CAREER DEVELOPMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Hayden Executive Director | Officer | 55 | $118,706 |
Stephanie Stalmah Assistant Executive Direct | Officer | 55 | $101,833 |
Charles Shuster Governing Board | Trustee | 1 | $0 |
Thomas M Conway Governing Board | Trustee | 1 | $0 |
David R Mccall Governing Board | Trustee | 1 | $0 |
Robert Fischer Governing Board | 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 | $981,569 |
| Investment income | $1,414 |
| 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 | $983,970 |
| 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. | $220,539 |
| Compensation of current officers, directors, key employees. | $97,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,315 |
| Pension plan accruals and contributions | $39,145 |
| Other employee benefits | $178,816 |
| Payroll taxes | $38,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $72,498 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,281 |
| Advertising and promotion | $22,838 |
| Office expenses | $29,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,931 |
| Travel | $22,546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,079 |
| Interest | $2,010 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,934 |
| Insurance | $6,208 |
| All other expenses | $1,993 |
| Total functional expenses | $1,033,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $769,114 |
| Savings and temporary cash investments | $508,157 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $361,602 |
| 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 | $8,951 |
| Net Land, buildings, and equipment | $30,030 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $40,383 |
| Investments—program-related | $0 |
| Intangible assets | $14,460 |
| Other assets | $3,000 |
| Total assets | $1,735,697 |
| Accounts payable and accrued expenses | $61,499 |
| Grants payable | $0 |
| Deferred revenue | $94,396 |
| 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 | $9,665 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $165,560 |
| Net assets without donor restrictions | $1,570,137 |
| 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 | $1,735,697 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of State County & Municipal Employees Springfield, IL | $61,133,676 | $26,100,915 |
Laborers International Union Of North America Burr Ridge, IL | $65,530,613 | $20,238,151 |
Chicago Regional Council Of Carpenters Apprentice And Trainee Elk Grove Village, IL | $58,144,102 | $15,674,310 |
Indiana State Teachers Association Indianapolis, IN | $36,026,795 | $22,473,562 |
Chicago Journeymen Plumbers Local 130 Chicago, IL | $20,981,689 | $17,441,460 |
United Food And Commercial Workers International Union Des Plaines, IL | $30,640,392 | $15,439,141 |
Laborers International Union Of North America Chicago, IL | $42,312,837 | $17,661,518 |
International Union Of Operating Engineers 139 Pewaukee, WI | $24,439,793 | $14,629,454 |
Service Employees International Union Chicago, IL | $8,645,665 | $14,966,009 |
Chicago & Vicinity Laborers Carol Stream, IL | $83,711,023 | $20,877,636 |
Boilermakers National Apprentice Ship Fund Kansas City, MO | $53,012,610 | $16,312,331 |
Carpenters District Council Chicago, IL | $0 | $13,277,034 |