Pipe Fitters Training Fund
- Assets
- $64.5m
- Revenue
- $31.5m
- Investments
- $0.0
- Employees
- 885
- Location
- Mokena, IL
- Founding
- 01/1941
- Data as of
- 12/2023
- EIN
- 36-2536349
Organization Overview
Pipe Fitters Training Fund is located in Mokena, IL. The organization was established in 1941. 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, Pipe Fitters Training Fund employed 885 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pipe Fitters 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, Pipe Fitters Training Fund generated $31.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $28.3m during the year ending 12/2023. While expenses have increased by 2.7% 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
TRAINING AND DEVELOPMENT OF SKILLS OF APPRENTICES AND JOURNEYMEN IN THE PIPE FITTING 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 PIPE FITTING TRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Pittas Trustee | Trustee | 0.5 | $0 |
Christopher Hernandez Trustee | Trustee | 0.5 | $0 |
Monte Kimes Trustee/training Dir-Past | Trustee | 44 | $174,808 |
Kathy Mccauley Trustee | Trustee | 0.5 | $0 |
Brian Helm Trustee | Trustee | 0.5 | $0 |
Dennis Hahney Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chicago Tube & Iron Training & Edu. Materials | 12/30/23 | $1,061,738 |
Total Electric Inc Palatine Building Renovations/maintenanc | 12/30/23 | $980,449 |
Matthew Paving Inc Mokena Parking Lot Expansion/maintenance | 12/30/23 | $614,713 |
Abm Janitorial Services Janitorial Services | 12/30/23 | $371,743 |
Constellation New Energy Inc Utility Company | 12/30/23 | $357,013 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $674,762 |
| 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 | $674,762 |
| Total Program Service Revenue | $29,882,081 |
| Investment income | $754,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $152,202 |
| Net Gain/Loss on Asset Sales | $39,652 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,503,413 |
| 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. | $498,226 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,092,678 |
| Pension plan accruals and contributions | $2,394,895 |
| Other employee benefits | $1,925,481 |
| Payroll taxes | $1,033,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,947 |
| Fees for services: Accounting | $34,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $54,201 |
| Office expenses | $242,035 |
| Information technology | $175,763 |
| Royalties | $0 |
| Occupancy | $2,405,443 |
| Travel | $32,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,996 |
| Interest | $0 |
| Payments to affiliates | $958,260 |
| Depreciation, depletion, and amortization | $2,977,937 |
| Insurance | $276,713 |
| All other expenses | $0 |
| Total functional expenses | $28,289,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323,094 |
| Savings and temporary cash investments | $4,609,832 |
| Pledges and grants receivable | $260,337 |
| Accounts receivable, net | $2,402,916 |
| 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 | $28,704 |
| Net Land, buildings, and equipment | $34,932,045 |
| Investments—publicly traded securities | $21,926,425 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $64,483,353 |
| Accounts payable and accrued expenses | $1,607,543 |
| 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 | $835,856 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $554,205 |
| Total liabilities | $2,997,604 |
| 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 | $61,485,749 |
| Total liabilities and net assets/fund balances | $64,483,353 |