25 Jnt Council Training & Educ Fund
- Assets
- $4.8m
- Revenue
- $971.6k
- Investments
- $1.9m
- Employees
- 5
- Location
- Joliet, IL
- Founding
- 08/2005
- Data as of
- 08/2022
- EIN
- 43-1968605
Organization Overview
25 Jnt Council Training & Educ Fund is located in Joliet, IL. The organization was established in 2005. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 08/2022, 25 Jnt Council Training & Educ Fund employed 5 individuals. 25 Jnt Council Training & Educ 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 08/2022, 25 Jnt Council Training & Educ Fund generated $971.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $1.3m during the year ending 08/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TRAINING AND EDUCATIONAL OPPORTUNITES TO ENHANCE SKILLS RELATING TO THE NATURE, CONCERNS, OPERATION AND RELATIONS OF THE INDUSTRY IN WHICH PARTICIPANTS ARE EMPLOYED
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FORMULATE EDUCATION AND TRAINING PROGRAMS WITHIN THE JURISDICTION OF TEAMSTERS JOINT COUNCIL NO. 25 AND TO CONDUCT TRAINING ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Costello Instructor | 40 | $147,428 | |
George Stroud Instructor | 40 | $143,766 | |
Mike Borjas Director | 40 | $131,040 | |
Frank Kazenske Employer Trustee | Trustee | 0.5 | $0 |
David Mashek Employer Trustee | Trustee | 0.5 | $0 |
Dominic Romanazzi Union Trustee | Trustee | 0.5 | $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 | $944,930 |
| Investment income | $72,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$130,796 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $971,614 |
| 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 | $604,446 |
| Pension plan accruals and contributions | $119,951 |
| Other employee benefits | $109,460 |
| Payroll taxes | $49,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,188 |
| Fees for services: Accounting | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,965 |
| Fees for services: Other | $12,500 |
| Advertising and promotion | $0 |
| Office expenses | $30,104 |
| Information technology | $3,644 |
| Royalties | $0 |
| Occupancy | $164,577 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,310 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,078 |
| Insurance | $59,256 |
| All other expenses | $0 |
| Total functional expenses | $1,332,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,766 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $124,818 |
| 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 | $24,252 |
| Net Land, buildings, and equipment | $31,174 |
| Investments—publicly traded securities | $2,584,826 |
| Investments—other securities | $1,918,383 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $4,808,221 |
| Accounts payable and accrued expenses | $35,920 |
| 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 | $5,710 |
| Total liabilities | $41,630 |
| 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 | $4,766,591 |
| Total liabilities and net assets/fund balances | $4,808,221 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa State Education Assn Des Moines, IA | $17,572,600 | $14,015,697 |
Association Of Diabetes Care & Education Specialists Chicago, IL | $25,105,148 | $12,812,259 |
Illinois Association Of School Boards Springfield, IL | $19,198,603 | $11,091,944 |
Missouri National Education Association Jefferson City, MO | $11,252,448 | $8,353,095 |
American College Of Foot And Ankle Surgeons Chicago, IL | $15,138,521 | $7,600,538 |
National Council Of Teachers Of English Champaign, IL | $46,879,367 | $7,632,067 |
Charter School Of The Dunes Inc Gary, IN | $14,167,237 | $8,545,161 |
Wisconsin Education Association Council Madison, WI | $12,509,404 | $6,898,296 |
Indiana Association For The Education Of Children Inc Indianapolis, IN | $1,546,703 | $6,038,887 |
American College Of Osteopathic Family Physicians Inc Arlington Heights, IL | $12,356,317 | $6,528,477 |
Association Of School Business Officials International Dekalb, IL | $5,714,623 | $4,805,268 |
New Prairie United School Building Corporation New Carlisle, IN | $68,234,946 | $7,118,037 |