Illinois Laborers & Contractors Training Trust Fund
- Assets
- $29.6m
- Revenue
- $7.6m
- Investments
- $2.1m
- Employees
- 54
- Location
- Mt Sterling, IL
- Founding
- 12/1978
- Data as of
- 12/2021
- EIN
- 37-6091818
Organization Overview
Illinois Laborers & Contractors Training Trust Fund is located in Mt Sterling, IL. The organization was established in 1978. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Illinois Laborers & Contractors Training Trust Fund employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Laborers & Contractors Training 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 12/2021, Illinois Laborers & Contractors Training Trust Fund generated $7.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $7.5m during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING FOR UNION LABORERS FOR SAFETY & WORK RELATED SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING PARTICIPANTS FOR SAFETY AND WORK RELATED SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrance Whitecotton Administrator | Officer | 40 | $100,416 |
Ron Litherland- Past Administrator | Officer | 40 | $71,336 |
John F Penn Chairman | OfficerTrustee | 0.5 | $0 |
Robert Bruner Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Matt Smith Trustee | Trustee | 0.5 | $0 |
Clint B Taylor Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $867,355 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,648 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $894,003 |
| Total Program Service Revenue | $5,948,645 |
| Investment income | $402,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $324,444 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,640,273 |
| 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. | $251,506 |
| Compensation of current officers, directors, key employees. | $89,047 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,387,414 |
| Pension plan accruals and contributions | $1,115,371 |
| Other employee benefits | $623,019 |
| Payroll taxes | $206,229 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,035 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,977 |
| Fees for services: Other | $75,523 |
| Advertising and promotion | $25,669 |
| Office expenses | $75,790 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $538,265 |
| Travel | $16,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $146,788 |
| Depreciation, depletion, and amortization | $358,156 |
| Insurance | $221,809 |
| All other expenses | $303,383 |
| Total functional expenses | $7,482,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $135,736 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $488,228 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,350 |
| Prepaid expenses and deferred charges | $192,985 |
| Net Land, buildings, and equipment | $5,920,759 |
| Investments—publicly traded securities | $20,735,242 |
| Investments—other securities | $2,089,813 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,577,263 |
| Accounts payable and accrued expenses | $427,826 |
| 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 | $427,826 |
| Net assets without donor restrictions | $29,149,437 |
| 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 | $29,577,263 |
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Apprentice And Journeymen Education And Training Trust Fund U/A 130 Chicago, IL | $39,945,456 | $7,959,512 |
Illinois Laborers & Contractors Training Trust Fund Mt Sterling, IL | $29,577,263 | $7,640,273 |
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