Local 374 Development And Training Fund

Organization Overview

Local 374 Development And Training Fund is located in Hobart, IN. The organization was established in 1990. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2022, Local 374 Development And Training Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 374 Development 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 06/2022, Local 374 Development And Training Fund generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

DEVELOPMENT AND TRAINING FUND

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO CREATE AND MAINTAIN EDUCATIONAL AND TRAINING PROGRAMS FOR THE DEVELOPMENT OF SKILLS IN CRAFTS UNDER THE JURISDICTION OF THE UNION.


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Board, Officers & Key Employees

Name (title)Compensation
Nicholas Tokarz
Training Director
$125,883
Ismael Sulivan
Trustee
$0
Lawrence Mcmanamon
Trustee
$0
David Willis
Trustee
$0
John Mooney
Trustee
$0
Jerry Ripley
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $74,289
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$74,289
Total Program Service Revenue$1,241,818
Investment income $2,023
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $3,600
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 $1,336,193

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