25 Jnt Council Training & Educ Fund
- Assets
- $5.1m
- Revenue
- $1.1m
- Investments
- $1.9m
- Employees
- 5
- Location
- Joliet, IL
- Founding
- 08/2005
- Data as of
- 08/2023
- EIN
- 43-1968605
Organization Overview
25 Jnt Council Training & Educ Fund is located in Joliet, IL. The organization was established in 2005. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 08/2023, 25 Jnt Council Training & Educ Fund employed 5 individuals. 25 Jnt Council Training & Educ Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, 25 Jnt Council Training & Educ Fund generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.4m during the year ending 08/2023. 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
PROVIDE TRAINING AND EDUCATIONAL OPPORTUNITES TO ENHANCE SKILLS RELATING TO THE NATURE, CONCERNS, OPERATION AND RELATIONS OF THE INDUSTRY IN WHICH PARTICIPANTS ARE EMPLOYED
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FORMULATE EDUCATION AND TRAINING PROGRAMS WITHIN THE JURISDICTION OF TEAMSTERS JOINT COUNCIL NO. 25 AND TO CONDUCT TRAINING ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rusty Tobey Employer Trustee/co-Chairm | Trustee | 1 | $0 |
Timothy L Custer Union Trustee | Trustee | 0.5 | $0 |
Chris Aspergren Employer Trustee | Trustee | 0.5 | $0 |
Jason Cox Employer Trustee | Trustee | 0.5 | $0 |
Frank Kazenske Employer Trustee | Trustee | 0.5 | $0 |
David Mashek Employer Trustee | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,007,003 |
| Investment income | $54,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,032 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,127,938 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $645,001 |
| Pension plan accruals and contributions | $131,813 |
| Other employee benefits | $118,228 |
| Payroll taxes | $51,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,184 |
| Fees for services: Accounting | $8,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,091 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $0 |
| Office expenses | $22,342 |
| Information technology | $2,935 |
| Royalties | $0 |
| Occupancy | $173,445 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,082 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,251 |
| Insurance | $63,554 |
| All other expenses | $0 |
| Total functional expenses | $1,374,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,141 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,034 |
| 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 | $25,460 |
| Net Land, buildings, and equipment | $489,124 |
| Investments—publicly traded securities | $2,412,813 |
| Investments—other securities | $1,920,447 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7 |
| Total assets | $5,137,026 |
| Accounts payable and accrued expenses | $68,658 |
| 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 | $471,500 |
| Total liabilities | $540,158 |
| Net assets without donor restrictions | $0 |
| 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 | $4,596,868 |
| Total liabilities and net assets/fund balances | $5,137,026 |