Pipe Fitters Training Fund
- Assets
- $67.8m
- Revenue
- $30.7m
- Investments
- $0.0
- Employees
- 825
- Location
- Mokena, IL
- Founding
- 01/1941
- Data as of
- 12/2021
- EIN
- 36-2536349
Organization Overview
Pipe Fitters Training Fund is located in Mokena, IL. The organization was established in 1941. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Pipe Fitters Training Fund employed 825 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pipe Fitters 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 12/2021, Pipe Fitters Training Fund generated $30.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $24.8m during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING AND DEVELOPMENT OF SKILLS OF APPRENTICES AND JOURNEYMEN IN THE PIPE FITTING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TRAINING EDUCATION AND ON THE JOB TRAINING FOR APPRENTICES AND JOURNEYMEN IN THE PIPE FITTING TRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Ramos Instructor | 40 | $187,514 | |
Monte Kimes Training Director | Officer | 44 | $186,365 |
Randy Smith Instructor | 40 | $165,100 | |
Curtis Dziwak Instructor | 40 | $147,491 | |
Jonathan Walker Instructor | 40 | $147,459 | |
Calvin Gordon Instructor | 40 | $146,626 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Berglund Construction Co Building Maintenance | 12/30/21 | $1,444,079 |
Chicago Tube & Iron Bldg Maintenance/training & Edu. Materia | 12/30/21 | $523,957 |
Total Electric Inc Building Maintenance | 12/30/21 | $682,271 |
Arcon Architectural Services For Bldg Renovati | 12/30/21 | $612,863 |
Porter Pipe And Supply Bldg Maintenance/training & Edu. Materia | 12/30/21 | $339,944 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,632,917 |
| 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 | $1,632,917 |
| Total Program Service Revenue | $28,412,581 |
| Investment income | $348,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $158,599 |
| Net Gain/Loss on Asset Sales | $111,179 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,663,437 |
| 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. | $251,169 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,853,626 |
| Pension plan accruals and contributions | $1,889,340 |
| Other employee benefits | $1,967,134 |
| Payroll taxes | $858,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,004 |
| Fees for services: Accounting | $35,979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,257 |
| Office expenses | $239,323 |
| Information technology | $118,717 |
| Royalties | $0 |
| Occupancy | $2,884,528 |
| Travel | $21,680 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,798 |
| Interest | $0 |
| Payments to affiliates | $944,037 |
| Depreciation, depletion, and amortization | $2,902,574 |
| Insurance | $228,655 |
| All other expenses | $19,725 |
| Total functional expenses | $24,836,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,648 |
| Savings and temporary cash investments | $3,791,333 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,374,250 |
| 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 | $51,464 |
| Net Land, buildings, and equipment | $40,753,249 |
| Investments—publicly traded securities | $20,571,562 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,804,506 |
| Accounts payable and accrued expenses | $2,491,318 |
| 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 | $673,796 |
| Total liabilities | $3,165,114 |
| 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 | $64,639,392 |
| Total liabilities and net assets/fund balances | $67,804,506 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Brotherhood Of Carpenters & Joiners Of America Greenwood, IN | $122,593,290 | $51,465,869 |
United Brotherhood Of Carpenters & Joiners Of America Chicago, IL | $110,214,946 | $45,299,424 |
International Union Of Operating Engineers 150 Countryside, IL | $120,458,084 | $50,201,834 |
American Angus Association St Joseph, MO | $50,847,076 | $46,663,578 |
Chicago Federation Teachers Union Chicago, IL | $16,308,443 | $32,429,863 |
Service Employees International Union Local 1 Chicago, IL | $12,557,999 | $30,120,260 |
Plumbers & Steamfitters Local 440 Supplemental Health And Welfare Lafayette, IN | $31,106,219 | $30,642,055 |
Pipe Fitters Training Fund Mokena, IL | $67,804,506 | $30,663,437 |
Laborers International Union Of North America Terre Haute, IN | $6,280,532 | $25,325,263 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Chicago, IL | $44,527,924 | $24,662,061 |
American Federation Of Teachers Westmont, IL | $27,833,532 | $25,589,628 |
International Brotherhood Of Electrical Workers Chicago, IL | $61,202,131 | $32,517,419 |