Steamfitters U A Local 353 Educational Trust Fund
- Assets
- $2.4m
- Revenue
- $971.5k
- Investments
- $0.0
- Employees
- 23
- Location
- Peoria, IL
- Founding
- 10/1963
- Data as of
- 04/2023
- EIN
- 37-6033208
Organization Overview
Steamfitters U A Local 353 Educational Trust Fund is located in Peoria, IL. The organization was established in 1963. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 04/2023, Steamfitters U A Local 353 Educational Trust Fund employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steamfitters U A Local 353 Educational Trust Fund 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 04/2023, Steamfitters U A Local 353 Educational Trust Fund generated $971.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $875.3k during the year ending 04/2023. While expenses have increased by 2.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF TRAINING PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCT APPRENTICE PIPEFITTERS IN PROFESSIONAL TECHNIQUES AND STANDARDS THROUGH THE TRAINING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick O'brien Rec Sec | OfficerTrustee | 1 | $0 |
Jeff Frieden Trustee | Trustee | 1 | $0 |
Jason Cook- Past Chairman | OfficerTrustee | 1 | $0 |
Matthew Mccreary Trustee | Trustee | 1 | $0 |
Chris Benson- Past Trustee | Trustee | 1 | $0 |
Ronnie Harris Trustee | 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 | $103,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,587 |
| Total Program Service Revenue | $659,875 |
| Investment income | $14,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,746 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $971,535 |
| 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. | $1,367 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $206,815 |
| Pension plan accruals and contributions | $33,851 |
| Other employee benefits | $19,166 |
| Payroll taxes | $16,829 |
| Fees for services: Management | $21,608 |
| Fees for services: Legal | $6,169 |
| Fees for services: Accounting | $10,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,481 |
| Fees for services: Other | $60,725 |
| Advertising and promotion | $0 |
| Office expenses | $6,139 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,143 |
| Travel | $4,789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,022 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,681 |
| Insurance | $11,364 |
| All other expenses | $10,775 |
| Total functional expenses | $875,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $843,467 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,234 |
| 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 | $10,117 |
| Net Land, buildings, and equipment | $1,248,746 |
| Investments—publicly traded securities | $170,531 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,350,095 |
| Accounts payable and accrued expenses | $58,860 |
| 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 | $58,860 |
| Net assets without donor restrictions | $2,291,235 |
| 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 | $2,350,095 |