Ironworkers Local 392 Apprentice- Ship Fund
- Assets
- $3.4m
- Revenue
- $430.6k
- Investments
- $1.6m
- Employees
- 9
- Location
- East St Louis, IL
- Founding
- 06/1989
- Data as of
- 08/2021
- EIN
- 37-1239637
Organization Overview
Ironworkers Local 392 Apprentice- Ship Fund is located in East St Louis, IL. The organization was established in 1989. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 08/2021, Ironworkers Local 392 Apprentice- Ship Fund employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ironworkers Local 392 Apprentice- Ship 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 08/2021, Ironworkers Local 392 Apprentice- Ship Fund generated $430.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $452.4k during the year ending 08/2021. While expenses have increased by 11.9% per year over the past 6 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
OPERATE APPRENTICE SCHOOL FOR IRONWORKING TRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND RELATED COSTS FOR EDUCATION & STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Lesko II Director | Trustee | 0 | $0 |
Casey Lodge Director | Trustee | 0 | $0 |
John Schmitt Director | Trustee | 0 | $0 |
John Herrington Director | Trustee | 0 | $0 |
Kim Rasnick Director | Trustee | 0 | $0 |
Jennifer Ryan Director | 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 | $190,700 |
| Investment income | $135,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,199 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $430,591 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,295 |
| Pension plan accruals and contributions | $15,659 |
| Other employee benefits | $0 |
| Payroll taxes | $19,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,030 |
| Fees for services: Accounting | $7,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,426 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,774 |
| Office expenses | $18,474 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,540 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,373 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,183 |
| Insurance | $10,604 |
| All other expenses | $0 |
| Total functional expenses | $452,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $159,006 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,855 |
| 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 | $4,874 |
| Net Land, buildings, and equipment | $301,893 |
| Investments—publicly traded securities | $1,348,698 |
| Investments—other securities | $1,568,900 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,938 |
| Total assets | $3,440,264 |
| Accounts payable and accrued expenses | $4,593 |
| 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 | $0 |
| Total liabilities | $4,593 |
| Net assets without donor restrictions | $3,435,671 |
| 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 | $3,440,264 |
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