Local Union No 125 Jatc Fund is located in Cedar Rapids, IA. The organization was established in 2002. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 04/2022, Local Union No 125 Jatc Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Union No 125 Jatc 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 04/2022, Local Union No 125 Jatc Fund generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $1.8m during the year ending 04/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PLUMBING AND PIPEFITTING TRAINING FOR APPRENTICES AND JOURNEYMEN IN EASTERN IOWA. IT IS A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING SERVICES FOR APPRENTICES AND JOURNEYMEN PLUMBERS AND PIPEFITTERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dustin Ashmore Training Dir | Officer | 45 | $93,392 |
Charles Davis Training Dir | Officer | 50 | $42,647 |
Pat Oldham Trustee | Trustee | 1.25 | $2,184 |
Jeff Taylor Alternate Tr | Trustee | 1.25 | $393 |
Jim Germaine Trustee | Trustee | 1.25 | $0 |
Dave Huston Alternate Tr | Trustee | 1.25 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $83,758 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $83,758 |
Total Program Service Revenue | $1,455,104 |
Investment income | $2,024 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $2,357 |
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 | $1,959,097 |
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. | $162,872 |
Compensation of current officers, directors, key employees. | $162,872 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $490,299 |
Pension plan accruals and contributions | $91,937 |
Other employee benefits | $136,387 |
Payroll taxes | $45,668 |
Fees for services: Management | $0 |
Fees for services: Legal | $39,111 |
Fees for services: Accounting | $56,007 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $3,525 |
Office expenses | $29,924 |
Information technology | $41,972 |
Royalties | $0 |
Occupancy | $179,389 |
Travel | $3,933 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,851 |
Interest | $183 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $162,068 |
Insurance | $37,160 |
All other expenses | $3,157 |
Total functional expenses | $1,812,706 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $195,510 |
Savings and temporary cash investments | $1,994,357 |
Pledges and grants receivable | $142,578 |
Accounts receivable, net | $126,199 |
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 | $20,730 |
Net Land, buildings, and equipment | $2,401,424 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,880,798 |
Accounts payable and accrued expenses | $154,565 |
Grants payable | $0 |
Deferred revenue | $8,090 |
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 | $162,655 |
Net assets without donor restrictions | $4,718,143 |
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 | $4,880,798 |
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