Ironworkers Local 392 Apprentice- Ship Fund
- Assets
- $2.6m
- Revenue
- $393.8k
- Investments
- $1.5m
- Employees
- 11
- Location
- East St Louis, IL
- Founding
- 06/1989
- Data as of
- 08/2023
- EIN
- 37-1239637
Organization Overview
Ironworkers Local 392 Apprentice- Ship Fund is located in East St Louis, IL. The organization was established in 1989. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 08/2023, Ironworkers Local 392 Apprentice- Ship Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ironworkers Local 392 Apprentice- Ship 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 08/2023, Ironworkers Local 392 Apprentice- Ship Fund generated $393.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $611.9k during the year ending 08/2023. 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
OPERATE APPRENTICE SCHOOL FOR IRONWORKING TRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND RELATED COSTS FOR EDUCATION & STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Rist Director | Trustee | 0 | $0 |
John Schmitt Director | Trustee | 0 | $0 |
John Herrington Director | Trustee | 0 | $0 |
Jennifer Ryan Director | Trustee | 0 | $0 |
Casey Lodge Director | Trustee | 0 | $0 |
Donald Thies Director | Trustee | 0 | $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 | $237,607 |
| Investment income | $87,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$32,385 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $393,782 |
| 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 | $27,200 |
| 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 | $259,574 |
| Pension plan accruals and contributions | $63,495 |
| Other employee benefits | $0 |
| Payroll taxes | $29,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,559 |
| Fees for services: Accounting | $11,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,889 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,009 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,196 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,271 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,274 |
| Insurance | $18,236 |
| All other expenses | $312 |
| Total functional expenses | $611,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $94,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,511 |
| 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 | $7,665 |
| Net Land, buildings, and equipment | $284,111 |
| Investments—publicly traded securities | $641,284 |
| Investments—other securities | $1,482,696 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,040 |
| Total assets | $2,557,083 |
| Accounts payable and accrued expenses | $2,885 |
| 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 | $2,885 |
| Net assets without donor restrictions | $2,554,198 |
| 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 | $2,557,083 |