Mica-Abestos Workers No 74 Education Trust Fund
- Assets
- $98.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 09/1981
- Data as of
- 12/2022
- EIN
- 42-1141155
Organization Overview
Mica-Abestos Workers No 74 Education Trust Fund is located in Des Moines, IA. The organization was established in 1981. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mica-Abestos Workers No 74 Education 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 12/2022, Mica-Abestos Workers No 74 Education Trust Fund generated $40.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $47.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 5 years. 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
TO PROVIDE EDUCATION AND TRAINING FOR APPRENTICES OF THE HEAT AND FROST INSULATION AND ASBESTOS INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Thompson Union Trustee | 3 | $5,119 | |
Jeremy Heimbaugh Chairman | 1 | $427 | |
Zachary Leopold Secretary | 1 | $0 | |
Jonathan Dagnillo Assistant Secretary | 5 | $558 | |
Roger Short Vice Chairman | 1 | $0 | |
Shane Gilbert Employer Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,705 |
| Total Program Service Revenue | $0 |
| Membership dues | $29,216 |
| Investment income | $217 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,138 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,464 |
| Professional fees and other payments to independent contractors | $5,155 |
| Occupancy, rent, utilities, and maintenance | $18,588 |
| Printing, publications, postage, and shipping | $67 |
| Other expenses | $12,169 |
| Total expenses | $47,443 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,452 |
| Other assets | $0 |
| Total assets | $98,032 |
| Total liabilities | $565 |
| Net assets or fund balances | $97,467 |