Union Education Trust

Organization Overview

Union Education Trust is located in Westerville, OH. The organization was established in 2007. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union Education Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2022, Union Education Trust generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE TRUST PROVIDED A COMPREHENSIVE PROGRAM OF TRAINING INITIATIVES FOR THE STATE OF OHIO BARGAINING UNIT EMPLOYEES. THE TRUST DEVELOPS PROGRAMS THAT HELP EMPLOYEES ADVANCE THEIR CAREERS, IMPROVE THEIR QUALITY OF WORK LIFE, AND WORK TOWARDS ACHIEVING EMPLOYMENT SECURITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TRUST PROVIDED A COMPREHENSIVE PROGRAM OF TRAINING INITIATIVES FOR THE STATE OF OHIO BARGAINING UNIT EMPLOYEES. THE TRUST DEVELOPS PROGRAMS THAT HELP EMPLOYEES ADVANCE THEIR CAREERS, IMPROVE THEIR QUALITY OF WORK LIFE, AND WORK TOWARDS ACHIEVING EMPLOYMENT SECURITY.


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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$6,119,299
Investment income -$2,111,696
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $4,007,603

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