Iuoe Local 318 Apprenticeship Fund
- Assets
- $4.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Marion, IL
- Founding
- 07/1973
- Data as of
- 12/2023
- EIN
- 23-7306350
Organization Overview
Iuoe Local 318 Apprenticeship Fund is located in Marion, IL. The organization was established in 1973. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2023, Iuoe Local 318 Apprenticeship Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iuoe Local 318 Apprenticeship 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 12/2023, Iuoe Local 318 Apprenticeship Fund generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. 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
TRAINING APPRENTICES TO OPERATE EQUIPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND OPERATING THE APPRENTICESHIP PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Elders Training Coordinator (beg Of Yr) | Trustee | 1 | $0 |
Jeremy Hickam Union Trustee | Trustee | 50 | $98,399 |
Ronald Stahlhut Training Coordinator (end Of Yr) | Trustee | 50 | $60,376 |
James Dillow Union Trustee | Trustee | 1 | $0 |
Stevie Boyd Employer Trustee | Trustee | 1 | $0 |
Brian Rehbein Employer Trustee | Trustee | 1 | $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 | $1,645,457 |
| Investment income | $25,644 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,543 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,674,529 |
| 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. | $286,076 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,479 |
| Pension plan accruals and contributions | $263,000 |
| Other employee benefits | $0 |
| Payroll taxes | $26,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,165 |
| Fees for services: Accounting | $7,694 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,635 |
| Office expenses | $26,636 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,578 |
| 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 | $349,737 |
| Insurance | $48,983 |
| All other expenses | $118,454 |
| Total functional expenses | $1,505,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,930 |
| Savings and temporary cash investments | $2,168,131 |
| 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 | $2,176,317 |
| Investments—publicly traded securities | $95,285 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,666,663 |
| Accounts payable and accrued expenses | $4,427 |
| 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 | $10,831 |
| Total liabilities | $15,258 |
| Net assets without donor restrictions | $4,651,405 |
| 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 | $4,666,663 |