Electrical Apprenticeship And Training Fund
- Assets
- $73.4m
- Revenue
- $19.2m
- Investments
- $2.1m
- Employees
- 57
- Location
- Alsip, IL
- Founding
- 10/1961
- Data as of
- 12/2023
- EIN
- 36-2445742
Organization Overview
Electrical Apprenticeship And Training Fund is located in Alsip, IL. The organization was established in 1961. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, Electrical Apprenticeship And Training Fund employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electrical Apprenticeship And 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 12/2023, Electrical Apprenticeship And Training Fund generated $19.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $12.5m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING EDUCATION FOR APPRENTICES AND JOURNEYMEN IN THE ELECTRICAL INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TRAINING EDUCATION AND ON THE JOB TRAINING FOR APPRENTICES AND JOURNEYMEN IN THE ELECTRICAL INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Finn Trustee - Chairman | Trustee | 1 | $0 |
James Mcglynn Trustee - Vice-Chairman | Trustee | 1 | $0 |
Timothy Fitzgibbons Trustee | Trustee | 1 | $0 |
Robert Fimbianti Trustee - Secretary | Trustee | 1 | $0 |
Dean Hinderman Trustee | Trustee | 1 | $0 |
Frank Gurtz Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Berglund Construction Company Building Improvements | 12/30/23 | $2,852,649 |
Colony Hardware Corporation Training & Education Materials | 12/30/23 | $409,304 |
Jensen & Halstead Ltd Building Improvements | 12/30/23 | $374,082 |
Atkore International Inc Training & Education Materials | 12/30/23 | $266,441 |
Constellation Utilities | 12/30/23 | $180,026 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $345,081 |
| 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 | $345,081 |
| Total Program Service Revenue | $17,233,998 |
| Investment income | $1,450,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,160,960 |
| 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. | $264,293 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,992,537 |
| Pension plan accruals and contributions | $1,294,336 |
| Other employee benefits | $1,020,452 |
| Payroll taxes | $336,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,760 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,184 |
| Fees for services: Other | $222,126 |
| Advertising and promotion | $22,680 |
| Office expenses | $249,485 |
| Information technology | $186,418 |
| Royalties | $0 |
| Occupancy | $603,608 |
| Travel | $77,756 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,005 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,485,104 |
| Insurance | $196,254 |
| All other expenses | $0 |
| Total functional expenses | $12,480,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $823,253 |
| Savings and temporary cash investments | $445,865 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,563,342 |
| 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 | $105,233 |
| Net Land, buildings, and equipment | $24,329,377 |
| Investments—publicly traded securities | $43,058,387 |
| Investments—other securities | $2,069,906 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,395,363 |
| Accounts payable and accrued expenses | $2,208,771 |
| 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 | $1,462,717 |
| Total liabilities | $3,671,488 |
| 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 | $69,723,875 |
| Total liabilities and net assets/fund balances | $73,395,363 |