Janesville Beloit Electrical Construction Industry Trust Fund
- Assets
- $298.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 03/1970
- Data as of
- 12/2021
- EIN
- 39-1096844
Organization Overview
Janesville Beloit Electrical Construction Industry Trust Fund is located in Madison, WI. The organization was established in 1970. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Janesville Beloit Electrical Construction Industry Trust 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 12/2021, Janesville Beloit Electrical Construction Industry Trust Fund generated $194.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $128.9k during the year ending 12/2021. While expenses have increased by 3.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
JANESVILLE-BELOIT ELECTRICAL CONSTRUCTION INDUSTRY TRUST PROVIDED PROGRAMS FOR THE EDUCATION AND TRAINING OF PARTICIPANTS, APPRENTICES, JOURNEYWORKER ELECTRICIANS, AND ALL OTHER ELECTRICIAN CLASSIFICATIONS THAT ARE COVERED BY THE COLLECTIVE BARGAINING AGREEMENT SIGNED BETWEEN IBEW LOCAL 890 AND THE WISCONSIN CHAPTER OF NECA. TRAINING WAS PROVIDED FOR APPROXIMATELY 103 APPRENTICES AND 500 JOURNEYWORKERS DURING THE 2021 FISCAL YEAR. THE TRUST FUND ALSO PROVIDED TRAINING TO 7 INSTRUCTORS THROUGH INSTRUCTOR IMPROVEMENT COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Foley Secretary | 1 | $0 | |
Leo Sokolik Chairman | 1 | $0 | |
Todd Roethel Trustee | 1 | $0 | |
Kyle Sutter Trustee | 1 | $0 | |
Jason Heidenreich Trustee | 1 | $0 | |
Ben Trappe Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $194,699 |
| Membership dues | $0 |
| Investment income | $114 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $194,813 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $38,686 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $89,965 |
| Total expenses | $128,899 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $298,088 |
| Other assets | $0 |
| Total assets | $298,088 |
| Total liabilities | $0 |
| Net assets or fund balances | $298,088 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madison Area Construction Employees Trust Madison, WI | $14,097,987 | $12,322,220 |
Jensen Construction Company Group Trust Des Moines, IA | $0 | $5,222,518 |
American Federation Of Labor & Congress Of Industrial Orgs Detroit, MI | $3,884,943 | $3,487,738 |
Reilly Construction Employee Welfare Trust Ossian, IA | $251,550 | $2,905,228 |
Midwest Coalition Of Labor Credit Union Countryside, IL | $73,344,318 | $3,088,502 |
American Society Of Plumbing Engineers Rosemont, IL | $3,811,463 | $2,740,392 |
The Engineering Society Of Detroit Southfield, MI | $3,346,195 | $1,905,914 |
National Council Of Structural Engineers Associations Inc Chicago, IL | $1,329,006 | $1,648,844 |
Metal Construction Association Inc Chicago, IL | $2,390,316 | $1,785,067 |
Passive House Institute Us Inc Chicago, IL | $1,090,576 | $1,428,195 |
American Council Of Engineering Companies Of Illinois Springfield, IL | $1,287,769 | $753,746 |
American Council Of Engineering Companies Of Minnesota Minnetonka, MN | $862,353 | $918,853 |