Plumbers & Pipefitters Local 23 Training Fund
- Assets
- $2.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 21
- Location
- Rockford, IL
- Founding
- 11/1958
- Data as of
- 12/2021
- EIN
- 36-6109329
Organization Overview
Plumbers & Pipefitters Local 23 Training Fund is located in Rockford, IL. The organization was established in 1958. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Plumbers & Pipefitters Local 23 Training Fund employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers & Pipefitters Local 23 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, Plumbers & Pipefitters Local 23 Training Fund generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 8.7% 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
APPRENTICE AND JOURNEYMEN TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE, MAINTAIN AND ADMINISTER A PROGRAM TO DEVELOP AND FURTHER THE SKILLS OF APPRENTICES AND JOURNEYMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Harle Training Coordinator / Alt | OfficerTrustee | 40 | $140,981 |
David Bryant Instructor | 40 | $113,196 | |
Shawn Rose Instructor | 40 | $113,196 | |
Randall Allen Instructor | 40 | $112,326 | |
Ryan Marshall Trustee | Trustee | 1 | $0 |
James Zweep Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $111,881 |
| Government grants | $146,177 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,325 |
| Noncash contributions included in lines 1a–1f | $99,881 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,383 |
| Total Program Service Revenue | $1,423,951 |
| Investment income | $31,866 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,117 |
| 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 | $1,761,939 |
| 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. | $195,993 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $428,486 |
| Pension plan accruals and contributions | $103,671 |
| Other employee benefits | $88,853 |
| Payroll taxes | $45,311 |
| Fees for services: Management | $28,291 |
| Fees for services: Legal | $29,655 |
| Fees for services: Accounting | $11,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $805 |
| Fees for services: Other | $3,083 |
| Advertising and promotion | $0 |
| Office expenses | $11,193 |
| Information technology | $9,845 |
| Royalties | $0 |
| Occupancy | $261,530 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,212 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,033 |
| Insurance | $18,234 |
| All other expenses | $0 |
| Total functional expenses | $1,429,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316,832 |
| Savings and temporary cash investments | $12,413 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $225,985 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,705 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,933 |
| Net Land, buildings, and equipment | $304,217 |
| Investments—publicly traded securities | $1,914,105 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,319 |
| Total assets | $2,818,509 |
| Accounts payable and accrued expenses | $84,150 |
| 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 | $52,552 |
| Total liabilities | $136,702 |
| 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 | $2,681,807 |
| Total liabilities and net assets/fund balances | $2,818,509 |
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