Ibew Local Union No 490 Joint Apprenticeship And Training Fund
- Assets
- $1.1m
- Revenue
- $454.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Concord, NH
- Founding
- Data as of
- 04/2023
- EIN
- 02-0445578
Organization Overview
Ibew Local Union No 490 Joint Apprenticeship And Training Fund is located in Concord, NH. As of 04/2023, Ibew Local Union No 490 Joint Apprenticeship And Training Fund employed 11 individuals. Ibew Local Union No 490 Joint Apprenticeship And Training 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 04/2023, Ibew Local Union No 490 Joint Apprenticeship And Training Fund generated $454.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $426.6k during the year ending 04/2023. While expenses have increased by 3.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE THROUGH VARIOUS TRAINING PROGRAMS AND JOB PLACEMENT FOR ITS UNION MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPRENTICESHIP TRAINING-ADMINSTRATION OF TRAINING PROGRAMS FOR APPRENTICES AND JOURNEYMEN ELECTRICAL WORKERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Krenzer Trustee | Trustee | 1 | $0 |
Scott Marquis Trustee | Trustee | 1 | $0 |
Eric Batchelor Trustee | Trustee | 1 | $91,963 |
Patrick Stevens Trustee | Trustee | 1 | $388 |
David Ayer Trustee | Trustee | 1 | $0 |
Nick Sinote Trustee | Trustee | 1 | $388 |
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 | $394,961 |
| Investment income | $33,515 |
| 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 | $454,243 |
| 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 | $143,746 |
| Pension plan accruals and contributions | $19,927 |
| Other employee benefits | $20,923 |
| Payroll taxes | $11,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,369 |
| Advertising and promotion | $0 |
| Office expenses | $6,700 |
| Information technology | $3,401 |
| Royalties | $0 |
| Occupancy | $112,520 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,259 |
| Interest | $0 |
| Payments to affiliates | $345 |
| Depreciation, depletion, and amortization | $17,333 |
| Insurance | $2,362 |
| All other expenses | $0 |
| Total functional expenses | $426,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,065 |
| Savings and temporary cash investments | $0 |
| 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 | $427,333 |
| Investments—publicly traded securities | $553,897 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,108,295 |
| Accounts payable and accrued expenses | $878 |
| 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 | $878 |
| Net assets without donor restrictions | $1,107,417 |
| 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 | $1,108,295 |