Joint Apprentice Education Fund Local Union No 760
- Assets
- $2.6m
- Revenue
- $930.1k
- Investments
- $34.8k
- Employees
- 19
- Location
- Muscle Shoals, AL
- Founding
- Data as of
- 05/2023
- EIN
- 63-0420266
Organization Overview
Joint Apprentice Education Fund Local Union No 760 is located in Muscle Shoals, AL. As of 05/2023, Joint Apprentice Education Fund Local Union No 760 employed 19 individuals. Joint Apprentice Education Fund Local Union No 760 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 05/2023, Joint Apprentice Education Fund Local Union No 760 generated $930.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $652.5k during the year ending 05/2023. 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
TO PROVIDE EDUCATION TO PIPEFITTERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAIN PURPOSES ARE THE EDUCATION AND TRAINING OF APPRENTICE PIPEFITTERS AND CONTINUING EDUCATION OF JOURNEYMAN PIPEFITTERS.
INVESTMENT FEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Chittam Trustee | Trustee | $0 | |
John Embry Trustee | Trustee | $0 | |
Grover Johnson Trustee | Trustee | $0 | |
Tim Mardis Trustee | Trustee | $0 | |
Greg Ezell Co-Chair | Officer | $0 | |
William Strickland Chairman | Officer | $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 | $922,209 |
| Investment income | -$9,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,124 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $930,122 |
| 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 | $247,757 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $115,600 |
| Payroll taxes | $23,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,547 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,099 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $27,708 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,241 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,097 |
| Insurance | $16,815 |
| All other expenses | $14,631 |
| Total functional expenses | $652,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,001,747 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,037 |
| 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 | $3,582 |
| Net Land, buildings, and equipment | $643,188 |
| Investments—publicly traded securities | $886,279 |
| Investments—other securities | $34,804 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,626,637 |
| Accounts payable and accrued expenses | $18,032 |
| 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 | $4,635 |
| Total liabilities | $22,667 |
| Net assets without donor restrictions | $2,603,970 |
| 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 | $2,626,637 |