Chattanooga Electrical J A T C Trust Fund
- Assets
- $7.8m
- Revenue
- $1.7m
- Investments
- $3.2m
- Employees
- 26
- Location
- Chattanooga, TN
- Founding
- 02/1972
- Data as of
- 07/2022
- EIN
- 62-6043424
Organization Overview
Chattanooga Electrical J A T C Trust Fund is located in Chattanooga, TN. The organization was established in 1972. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 07/2022, Chattanooga Electrical J A T C Trust Fund employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga Electrical J A T C Trust 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 07/2022, Chattanooga Electrical J A T C Trust Fund generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.3m during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
TO TRAIN AND EDUCATE ELECTRICAL WORKERS TO BE QUALIFIED ELECTRICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TRAIN AND EDUCATE ELECTRICAL WORKERS TO BE QUALIFIED ELECTRICIANS THROUGH CONTRACTOR CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Fowler Director | Officer | 40 | $108,393 |
Freddie Combs Training Director | Officer | 3 | $83,191 |
Caleb Long Secretary | OfficerTrustee | 3 | $0 |
Gary Neil Committee Member | Trustee | 3 | $0 |
Robert Kennedy Committee Member | Trustee | 3 | $0 |
Toby Shelton Committee Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,323,071 |
| 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 | $1,323,071 |
| Total Program Service Revenue | $256,392 |
| Investment income | $39,085 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,200 |
| 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 | $1,670,748 |
| 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. | $247,078 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,320 |
| Pension plan accruals and contributions | $24,102 |
| Other employee benefits | $78,126 |
| Payroll taxes | $39,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,015 |
| Fees for services: Other | $2,200 |
| Advertising and promotion | $5,629 |
| Office expenses | $13,221 |
| Information technology | $20,848 |
| Royalties | $0 |
| Occupancy | $127,916 |
| Travel | $3,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,709 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,625 |
| Insurance | $39,560 |
| All other expenses | $3,511 |
| Total functional expenses | $1,326,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,170,657 |
| Savings and temporary cash investments | $805,002 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,659,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,201,459 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $7,838,367 |
| Accounts payable and accrued expenses | $1,183 |
| 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 | $1,183 |
| Net assets without donor restrictions | $7,837,184 |
| 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 | $7,838,367 |