Iron Workers Local Union 8 Joint Apprntcshp&adv Jrnymn Trng Tr Fd
- Assets
- $2.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Milwaukee, WI
- Founding
- 01/1975
- Data as of
- 12/2021
- EIN
- 39-1143963
Organization Overview
Iron Workers Local Union 8 Joint Apprntcshp&adv Jrnymn Trng Tr Fd is located in Milwaukee, WI. The organization was established in 1975. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Iron Workers Local Union 8 Joint Apprntcshp&adv Jrnymn Trng Tr Fd employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iron Workers Local Union 8 Joint Apprntcshp&adv Jrnymn Trng Tr Fd 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, Iron Workers Local Union 8 Joint Apprntcshp&adv Jrnymn Trng Tr Fd generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 8.7% 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
TRAINING AND RETRAINING OF APPRENTICES AND JOURNEYMEN IRON WORKERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND RETRAINING OF APPRENTICES AND JOURNEYMEN IRON WORKERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Hanson Apprenticeship Coordinator | 40 | $109,045 | |
Chad Hooyman Employer Trustee | Trustee | 3 | $2,612 |
Brad Cyganek Union Trustee | Trustee | 3 | $240 |
Rick Vanden Heuvel Union Trustee | Trustee | 3 | $240 |
Anthony Mayrhofer Chairman | OfficerTrustee | 3 | $220 |
Lawrence Adornato Secretary/treasurer | OfficerTrustee | 3 | $220 |
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 | $70,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,495 |
| Total Program Service Revenue | $1,073,528 |
| Investment income | $545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,550 |
| Net Gain/Loss on Asset Sales | -$3,907 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,164,075 |
| 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 | $292,254 |
| Compensation of current officers, directors, key employees. | $113,478 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,634 |
| Pension plan accruals and contributions | $148,601 |
| Other employee benefits | $76,896 |
| Payroll taxes | $27,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,400 |
| Advertising and promotion | $0 |
| Office expenses | $22,766 |
| Information technology | $1,701 |
| Royalties | $0 |
| Occupancy | $83,541 |
| Travel | $5,707 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,860 |
| Interest | $7,981 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,710 |
| Insurance | $19,154 |
| All other expenses | $0 |
| Total functional expenses | $1,296,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,210 |
| Savings and temporary cash investments | $694,662 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,471,989 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,422,861 |
| Accounts payable and accrued expenses | $5,735 |
| 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 | $5,735 |
| Net assets without donor restrictions | $2,417,126 |
| 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 | $2,422,861 |
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