Plumbers Local 75 Education Fund
- Assets
- $6.9m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 49
- Location
- Milwaukee, WI
- Founding
- 01/1980
- Data as of
- 12/2023
- EIN
- 39-6146586
Organization Overview
Plumbers Local 75 Education Fund is located in Milwaukee, WI. The organization was established in 1980. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2023, Plumbers Local 75 Education Fund employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers Local 75 Education 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 12/2023, Plumbers Local 75 Education Fund generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $3.6m during the year ending 12/2023. While expenses have increased by 10.8% per year over the past 9 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
TRAINING & EDUCATIONAL PROGRAMS FOR PLUMBERS APPRENTICES, JOURNEYMEN & INSTRUCTORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CLASSES FOR APPRENTICES AND JOURNEYMEN IN THE PLUMBING AND RELATED TRADES. ADVISE VOCATIONAL SCHOOL PROGRAM DIRECTORS REGARDING APPRENTICESHIP EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cory Thompson Training Director | Trustee | 40 | $135,409 |
Jonathan Kowalski Chairperson | OfficerTrustee | 1 | $0 |
Steve Breitlow Secretary Treasurer | OfficerTrustee | 1 | $0 |
Vincent Gallo IV Trustee | Trustee | 1 | $0 |
Mark Hersey Trustee | Trustee | 1 | $0 |
John Lynch Trustee (thru 9/19/23) | 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 | $73,276 |
| Noncash contributions included in lines 1a–1f | $7,285 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,276 |
| Total Program Service Revenue | $3,939,246 |
| Investment income | $68,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,084,068 |
| 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. | $310,906 |
| Compensation of current officers, directors, key employees. | $36,933 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,104,104 |
| Pension plan accruals and contributions | $258,333 |
| Other employee benefits | $200,267 |
| Payroll taxes | $104,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,254 |
| 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 | $22,795 |
| Advertising and promotion | $6,167 |
| Office expenses | $54,567 |
| Information technology | $46,792 |
| Royalties | $0 |
| Occupancy | $502,901 |
| Travel | $70,376 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $134,091 |
| Insurance | $16,688 |
| All other expenses | $120,502 |
| Total functional expenses | $3,562,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,639,214 |
| Savings and temporary cash investments | $296,475 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $431,411 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,618 |
| Prepaid expenses and deferred charges | $6,056 |
| Net Land, buildings, and equipment | $1,224,305 |
| Investments—publicly traded securities | $2,217,516 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,046,370 |
| Total assets | $6,877,965 |
| Accounts payable and accrued expenses | $314,849 |
| 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 | $1,075,470 |
| Total liabilities | $1,390,319 |
| Net assets without donor restrictions | $5,487,646 |
| 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 | $6,877,965 |