Boilermakers Local Lodge 647 Education Trust
- Assets
- $490.1k
- Revenue
- $855.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Ramsey, MN
- Founding
- 04/2003
- Data as of
- 06/2021
- EIN
- 82-0551067
Organization Overview
Boilermakers Local Lodge 647 Education Trust is located in Ramsey, MN. The organization was established in 2003. 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 06/2021, Boilermakers Local Lodge 647 Education Trust employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boilermakers Local Lodge 647 Education Trust 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 06/2021, Boilermakers Local Lodge 647 Education Trust generated $855.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $774.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
APPRENTICESHIP TRAINING FUND
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TRAINING AND EDUCATION COURSES TO PARTICIPANTS COVERED UNDER THE INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITHS, FORGERS AND HELPERS LODGE NO. 647 COLLECTIVE BARGAINING AGREEMENTS.
TO PROVIDE TRAINING AND EDUCATION COURSES TO PARTICIPANTS COVERED UNDER THE INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITHS, FORGERS AND HELPERS LODGE NO. 647 COLLECTIVE BARGAINING AGREEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Voigt Trustee | Trustee | 3 | $0 |
Lawrence J Mcmanamon Trustee | Trustee | 1 | $0 |
Scott Hollerud Trustee | Trustee | 1 | $0 |
Mike Cramer Trustee - Past | Trustee | 1 | $0 |
Jeff Hammes Trustee | Trustee | 3 | $0 |
Al King Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $136,956 |
| 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 | $136,956 |
| Total Program Service Revenue | $718,552 |
| Investment income | $21 |
| 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 | $855,529 |
| 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 | $267,327 |
| Pension plan accruals and contributions | $122,986 |
| Other employee benefits | $48,308 |
| Payroll taxes | $29,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,822 |
| Fees for services: Accounting | $14,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,608 |
| Office expenses | $12,734 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,143 |
| Travel | $65,945 |
| 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 | $21,479 |
| Insurance | $19,528 |
| All other expenses | $0 |
| Total functional expenses | $774,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $381,841 |
| Savings and temporary cash investments | $28,642 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $79,574 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $490,057 |
| 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 | $136,956 |
| Other liabilities | $11,497 |
| Total liabilities | $148,453 |
| 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 | $341,604 |
| Total liabilities and net assets/fund balances | $490,057 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dunwoody College Of Technology Minneapolis, MN | $75,471,326 | $53,531,769 |
Milwaukee Area Technical College Foundation Inc Milwaukee, WI | $33,356,211 | $18,292,742 |
Discovery World Ltd Milwaukee, WI | $54,832,813 | $7,226,516 |
Minnesota New Country School Henderson, MN | $1,127,805 | $3,737,016 |
Minneapolis Pipefitters Joint Journeymen And Apprentice Training Brooklyn Park, MN | $15,538,890 | $2,978,967 |
Concerned Inc Harlan, IA | $2,766,277 | $2,998,754 |
Plumbing And Pipefitting Educational Program Appleton, WI | $1,943,738 | $2,838,447 |
Finishing Trades Institute Of The Upper Midwest Trust Fund Little Canada, MN | $3,520,165 | $2,977,173 |
Local Union No 125 Jatc Fund Cedar Rapids, IA | $4,880,798 | $1,959,097 |
Plumbers & Steamfitters Local 434 Training Fund Mosinee, WI | $2,625,989 | $1,896,498 |
Dakotas Area Electrical Apprenticeship & Training Fund Tru Fargo, ND | $2,437,176 | $1,301,898 |
Cedar Rapids Electrical Apprenticeship Training & Educ Tr Cedar Rapids, IA | $2,818,153 | $1,136,825 |