Plumbers & Pipefitters Local 502 Joint Education & Training Fund
- Assets
- $5.7m
- Revenue
- $3.3m
- Investments
- $1.2m
- Employees
- 57
- Location
- Louisville, KY
- Founding
- 06/1969
- Data as of
- 07/2022
- EIN
- 61-0666924
Organization Overview
Plumbers & Pipefitters Local 502 Joint Education & Training Fund, operating under the name Joint Education And Training Fund, is located in Louisville, KY. The organization was established in 1969. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 07/2022, Joint Education And Training Fund employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joint Education And Training 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 07/2022, Joint Education And Training Fund generated $3.3m 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 $3.3m during the year ending 07/2022. While expenses have increased by 11.2% 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
OPERATION OF APPRENTICESHIP AND JOURNEYMAN TRAINING SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE APPRENTICESHIP AND JOURNEYMAN EDUCATION AND TRAINING SCHOOL FOR PLUMBERS & PIPEFITTERS WHO ARE MEMBERS OF PLUMBERS- AND PIPEFITTERS' LOCAL UNION NO. 502.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony S Lewis Chairman | OfficerTrustee | $0 | |
Jacob Young Secretary | OfficerTrustee | $0 | |
Kent Jesse Trustee | Trustee | $0 | |
Ryan Kleber Trustee | Trustee | $0 | |
Brian Kruer Trustee-Glob | Trustee | $0 | |
Rex Matheny Alt Trustee | Trustee | $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 | $86,802 |
| Noncash contributions included in lines 1a–1f | $482 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,802 |
| Total Program Service Revenue | $3,209,223 |
| Investment income | $32,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,410 |
| Net Gain/Loss on Asset Sales | -$23,479 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,316,454 |
| 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 | $883,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $199,484 |
| Payroll taxes | $74,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,464 |
| Fees for services: Accounting | $19,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,811 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,070 |
| Office expenses | $36,907 |
| Information technology | $29,452 |
| Royalties | $0 |
| Occupancy | $251,071 |
| Travel | $26,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,136 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,746 |
| Insurance | $37,892 |
| All other expenses | $120,144 |
| Total functional expenses | $3,263,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $2,101,713 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,774 |
| Prepaid expenses and deferred charges | $7,376 |
| Net Land, buildings, and equipment | $2,300,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,237,187 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,584 |
| Total assets | $5,705,229 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,728 |
| Total liabilities | $1,728 |
| Net assets without donor restrictions | $5,595,023 |
| Net assets with donor restrictions | $108,478 |
| 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 | $5,705,229 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Kentucky Concentrated Employment Program Inc Hazard, KY | $3,193,926 | $15,607,928 |
Jobworks Inc Fort Wayne, IN | $2,850,480 | $13,765,612 |
Vacation Fund Of Engineers Local 513 Bridgeton, MO | $4,041,633 | $12,513,206 |
Ibew Local 701 Vacation Fund Warrenville, IL | $3,565,124 | $11,822,716 |
Ohio Operating Engineers Apprenticeship Fund Columbus, OH | $28,221,332 | $11,797,420 |
Apprentice And Journeymen Education And Training Trust Fund U/A 130 Chicago, IL | $39,945,456 | $7,959,512 |
United Labor Agency Inc Cleveland, OH | $1,262,964 | $7,870,324 |
Hobart Institute Of Welding Technology Troy, OH | $21,990,854 | $8,624,823 |
Illinois Laborers & Contractors Training Trust Fund Mt Sterling, IL | $29,577,263 | $7,640,273 |
Skills For Chicagolands Future Chicago, IL | $6,984,801 | $8,975,489 |
Northeast Indian Works Inc Fort Wayne, IN | $1,136,996 | $7,211,329 |
Point Programs Inc Covington, KY | $8,847,119 | $6,355,202 |