Local 251 Training Fund FY2021 filing

Tax-deductible

Providence, RI501(c)(3)EducationEIN 05-0516080Revenue $299K in FY2021

On file with the IRS1201 Elmwood Ave, 02907-3715 · Providence, RITax-exempt since Mar 2007Publicly supported charity — 170(b)(1)(A)(vi)

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Train and educate individuals in specialized skills to qualify for employment.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $15K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$68K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$299K
-43% vs prior year
Spent
$386K
To programs
94%
Net assets
$210K
By yearFY2020–FY2025
Revenue
$299K
FY2021▼ -43%
Tap a bar for its year
Revenue by fiscal year
FY2020$528K
FY2021$299K
FY2022$507K
FY2023$747K
FY2024$536K
FY2025$560K
Expenses
$386K
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$405K
FY2021$386K
FY2022$464K
FY2023$550K
FY2024$659K
FY2025$627K
Net assets
$210K
FY2021▼ -29%
Tap a bar for its year
Net assets by fiscal year
FY2020$296K
FY2021$210K
FY2022$254K
FY2023$451K
FY2024$327K
FY2025$261K

From the FY2021 Form 990 (year ending March 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $363K Management & general 6% · $23K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
See Local 251 Training Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Trains people in job skills to help them find work.

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Provided by the organization

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1 program · $363K · in their own filed words · FY2020
01

To train and educate its members and unemployed individuals of the states of RI and MA in specialized skills to enable them to qualify for employment opportunities.

$363Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$299K
Ln 12
Fees for servicesLn 2g$299K
Investment incomeLn 3$30
Money outPt IX
$386K
Ln 25
Programscol B$363K
Managementcol C$23K
Owns and owesPt X
$210K
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$278K
LiabilitiesLn 26$68K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$299K
Investment incomeLn 3$30
Gains on assetsLn 7$0
Total revenueLn 12$299K
Assets in detailPt X, end of year
CashLn 1$109K
SavingsLn 2$55K
Cash and savings togetherLn 1–2$164K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$72K
Other assetsLn 15$0
Total assetsLn 16$278K
LiabilitiesLn 26$68K
Net assetsLn 32$210K
OperationsPt I, VI
EmployeesI 512
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$207K$164K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$61K$72K
Total assetsLn 16$323K$278K
LiabilitiesLn 26$26K$68K
Net assetsLn 32$296K$210K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$59K$59K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$7K$7K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$12K$12K
Advertising and promotionLn 12$0
Office expensesLn 13$7K$7K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$36K$36K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$224K$224K
All other expensesLn 24e$16K$15K$2K
Total functional expensesLn 25$386K$363K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $560K$627K−$67K$261K 990 PDF
FY2024 $536K$659K−$123K$327K 990 PDF
FY2023 $747K$550K$197K$451K 990 PDF
FY2022 $507K$464K$43K$254K 990 PDF
FY2021 Viewing $299K$386K−$86K$210K 990 PDF
FY2020 $528K$405K$123K$296K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $299,492 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $528,381$299,462
I-10 Investment incomePrior year $88$30
I-11 Other revenue$0
I-12 Total revenuePrior year $528,469$299,492
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $109,439$66,339
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $292,778$319,425
I-18 Total expensesPrior year $402,217$385,764
I-19 Revenue less expensesPrior year $126,252−$86,272
Part VI · Governance 0 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $299,492 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $299,462$299,462
VIII-3 Investment incomeExcluded from tax $30$30
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $299,462 · Excluded from tax $30$299,492
Part IX · Statement of functional expenses $385,764 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $58,854$58,854
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $7,485$7,485
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,300$2,300
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $11,700$11,700
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $6,719$6,719
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $36,000$36,000
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $22,544$22,544
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $223,731$223,731
IX-24e All other expensesPrograms $14,608 · Management $1,823$16,431
IX-25 Total functional expensesPrograms $363,222 · Management $22,542 · Fundraising $0$385,764
Part X · Balance sheet $278,160 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $152,048$109,492
X-2 Savings and temporary cash investmentsStart of year $54,940$54,971
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $3,539$40,521
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $50,802$1,177
X-10c Land, buildings and equipment, netStart of year $61,440$71,999
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $322,769$278,160
X-17 Accounts payable and accrued expensesStart of year $26,332$37,395
X-24 Unsecured notes and loans payable$30,600
X-26 Total liabilitiesStart of year $26,332$67,995
X-27 Net assets without donor restrictionsStart of year $296,437$210,165
X-32 Total net assets or fund balancesStart of year $296,437$210,165
X-33 Total liabilities and net assetsStart of year $322,769$278,160
Part XI · Reconciliation of net assets $210,165 net assets at year end
XI-1 Total revenue$299,492
XI-2 Total expenses$385,764
XI-3 Revenue less expenses−$86,272
XI-4 Net assets at start of year$296,437
XI-10 Net assets at end of year$210,165

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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