Ironworkers Joint Apprentice Fund
- Assets
- $807.9k
- Revenue
- $531.0k
- Investments
- $0.0
- Employees
- 22
- Location
- Wheeling, WV
- Founding
- 10/1966
- Data as of
- 03/2022
- EIN
- 55-0603515
Organization Overview
Ironworkers Joint Apprentice Fund is located in Wheeling, WV. The organization was established in 1966. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 03/2022, Ironworkers Joint Apprentice Fund employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ironworkers Joint Apprentice 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 03/2022, Ironworkers Joint Apprentice Fund generated $531.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $426.2k during the year ending 03/2022. While expenses have increased by 5.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE IRON WORKERS 549 JOINT APPRENTICE TRAINING FUND IS A WELL-ORGANIZED AND SUPERVISED METHOD OF TRAINING PEOPLE TO BECOME QUALIFIED JOURNEYMAN IRON WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAIN AND RETRAIN EMPLOYEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Adams Business Agent | Trustee | 1 | $9,106 |
Todd Hebb Trustee | Trustee | 1 | $4,036 |
Kelly Dierkes President | Trustee | 5 | $289 |
Jason Costello Trustee | Trustee | 1 | $0 |
Kevin Coulter Business Manager | Trustee | 5 | $0 |
Les Hartman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $402,235 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,652 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,579 |
| Noncash contributions included in lines 1a–1f | $10,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,466 |
| Total Program Service Revenue | $0 |
| Investment income | $20,528 |
| 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 | $530,994 |
| 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 | $72,106 |
| Compensation of current officers, directors, key employees. | $84,972 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,314 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,886 |
| Advertising and promotion | $0 |
| Office expenses | $17,584 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,332 |
| Travel | $11,741 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,946 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,251 |
| Insurance | $2,523 |
| All other expenses | $0 |
| Total functional expenses | $426,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,764 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,498 |
| 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 | $2,324 |
| Net Land, buildings, and equipment | $63,245 |
| Investments—publicly traded securities | $651,048 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $807,879 |
| Accounts payable and accrued expenses | $25,066 |
| 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 | $0 |
| Total liabilities | $25,066 |
| Net assets without donor restrictions | $782,813 |
| 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 | $807,879 |
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