Local Union 400 Ibew-Joint Apprentice & Training Committee
- Assets
- $2.5m
- Revenue
- $773.1k
- Investments
- $0.0
- Employees
- 22
- Location
- Wall, NJ
- Founding
- 10/2002
- Data as of
- 06/2023
- EIN
- 22-1951385
Organization Overview
Local Union 400 Ibew-Joint Apprentice & Training Committee is located in Wall, NJ. The organization was established in 2002. 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 06/2023, Local Union 400 Ibew-Joint Apprentice & Training Committee employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Union 400 Ibew-Joint Apprentice & Training Committee 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 06/2023, Local Union 400 Ibew-Joint Apprentice & Training Committee generated $773.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $874.6k during the year ending 06/2023. 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
THE ORGANIZATION TRAINS INDIVIDUALS TO SERVE AS QUALIFIED ELECTRICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION TRAINS INDIVIDUALS TO SERVE AS QUALIFIED ELECTRICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Shimko Trustee | Trustee | 0 | $0 |
George Beck Former Employer Trustee | Trustee | 0 | $0 |
Michael Tomasiello Trustee | Trustee | 0 | $0 |
Joseph Sole Employer Trustee | Trustee | 0 | $0 |
Thomas J Tucker Former Training Director | Trustee | 40 | $78,195 |
Michael J Ricca Trustee | Trustee | 0 | $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 | $653,870 |
| Investment income | $34,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,882 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $773,116 |
| 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. | $232,066 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $51,184 |
| Other employee benefits | $46,158 |
| Payroll taxes | $28,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,465 |
| Fees for services: Accounting | $14,294 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,145 |
| Advertising and promotion | $33,680 |
| Office expenses | $23,610 |
| Information technology | $9,326 |
| Royalties | $0 |
| Occupancy | $65,134 |
| Travel | $25,133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,582 |
| Insurance | $14,397 |
| All other expenses | $34,761 |
| Total functional expenses | $874,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,789 |
| Savings and temporary cash investments | $1,090,525 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,966 |
| 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 | $6,748 |
| Net Land, buildings, and equipment | $157,219 |
| Investments—publicly traded securities | $738,694 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $287,331 |
| Total assets | $2,462,272 |
| Accounts payable and accrued expenses | $16,177 |
| 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 | $287,331 |
| Total liabilities | $303,508 |
| Net assets without donor restrictions | $2,158,764 |
| 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 | $2,462,272 |