Electrical Joint Apprenticeship & Training Fund Local 388
- Assets
- $322.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 12/1979
- Data as of
- 05/2022
- EIN
- 39-6259511
Organization Overview
Electrical Joint Apprenticeship & Training Fund Local 388 is located in Madison, WI. The organization was established in 1979. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electrical Joint Apprenticeship & Training Fund Local 388 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2022, Electrical Joint Apprenticeship & Training Fund Local 388 generated $187.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $173.3k during the year ending 05/2022. While expenses have increased by 9.9% 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
2022
Describe the Organization's Program Activity:
Part 3
THE TRUST FUND PROVIDED PROGRAMS FOR THE EDUCATION AND TRAINING OF PARTICIPANTS, APPRENTICES, JOURNEY-LEVEL WORKER ELECTRICIANS, AND ALL OTHER ELECTRICIAN CLASSIFICATIONS THAT ARE COVERED BY THE COLLECTIVE BARGAINING AGREEMENT. TRAINING WAS PROVIDED FOR APPROXIMATELY NINETY-THREE (93) APPRENTICES AND THREE-HUNDRED-AND NINETY-TWO (392)PARTICIPANTS, JOURNEY LEVEL WORKER ELECTRICIANS, AND ALL OTHER ELECTRICIAN CLASSIFICATIONS THAT WERE COVERED BY THE COLLECTIVE BARGAINING AGREEMENT DURING THE YEAR. THE TRUST FUND ALSO PROVIDED TRAINING TO FIVE (5) INSTRUCTORS THROUGH INSTRUCTOR IMPROVEMENT AND TRAINING COURSES, AND THREE (3) COMMITTEE MEMBERS THROUGH CONFERENCE(S) AND/OR TRAINING COURSE(S).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Newton Chairman (thru June 2021) | 1 | $0 | |
Patrick Palecek Chairman (since June 2021) | 1 | $0 | |
Dean Miller Secretary | 1 | $0 | |
Jason Kay Trustee | 1 | $0 | |
Zach Newton Trustee | 1 | $0 | |
Jason Jacobs Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $186,899 |
| Membership dues | $0 |
| Investment income | $490 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $187,389 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $4,446 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,973 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $144,918 |
| Total expenses | $173,337 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $322,460 |
| Other assets | $0 |
| Total assets | $322,460 |
| Total liabilities | $0 |
| Net assets or fund balances | $322,460 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Union Of Operating Engineers Local 399 Chicago, IL | $96,961,907 | $69,218,170 |
Imagine The Possibilities Inc Maquoketa, IA | $31,709,924 | $54,097,733 |
Operating Engineers Local 150 Apprenticeship Fund Countryside, IL | $65,849,227 | $38,699,525 |
W E Upjohn Unemployment Trustee Corporation Kalamazoo, MI | $279,939,178 | $28,869,507 |
Pierce-Pepin Cooperative Services Ellsworth, WI | $45,602,496 | $18,833,383 |
Alternative Services Inc Livonia, MI | $7,366,865 | $19,260,282 |
Employ Milwaukee Inc Milwaukee, WI | $5,350,025 | $18,087,018 |
Berrien-Cass-Vanburen Workforce Development Board Inc Benton Harbor, MI | $2,581,468 | $13,721,312 |
Ibew Local 701 Vacation Fund Warrenville, IL | $3,565,124 | $11,822,716 |
Wisconsin Operating Engineers Skill Improvement And Apprenticeship Fun Pewaukee, WI | $22,671,605 | $11,410,505 |
Iuoe & Assoc General Contractors Of Mn Apprentship & Training Program Hinckley, MN | $26,199,271 | $8,702,467 |
Apprentice And Journeymen Education And Training Trust Fund U/A 130 Chicago, IL | $39,945,456 | $7,959,512 |