To provide Training and education to the members of Local 147 construction workers.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$27K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $20K a year · 17% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$27K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $1.4M in investments, Pt X · Ln 11–13
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11K
0.7% of total assets
Looks good: liabilities are 1% 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
$199K
+228% vs prior year
Spent
$148K
To programs
92%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$199K
FY2023▲ +228%
Tap a bar for its year
Revenue by fiscal year
FY2020$66K
FY2021$71K
FY2022$61K
FY2023$199K
FY2024$202K
Expenses
$148K
FY2023▲ +193%
Tap a bar for its year
Expenses by fiscal year
FY2020$152K
FY2021$179K
FY2022$51K
FY2023$148K
FY2024$171K
Net assets
$1.4M
FY2023▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$1.5M
FY2022$1.4M
FY2023$1.4M
FY2024$1.5M

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2000.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $136K Management & general 8% · $12K

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

4 people listed on the 990; $27K paid to officers and key staff.

Part VII, Section A · reportable compensation
Training Director
$26,969Pt VII · Sec A
Union Trustee
$0Pt VII · Sec A
Employer Trustee
$0Pt VII · Sec A
Former Training Director
$0Pt VII · Sec A

Thomas Smith’s $28K as Training Dir. is at the 20th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
John Ryan———$74,131$60,461
Thomas Smith$27,593$26,969$20,338——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Local 147 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Trains and educates construction workers for Local 147.

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Provided by the organization

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1 program · $136K · in their own filed words · FY2023
01

Conferences and educational classes to educate members of all safety features on the job.

$136Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$199K
Ln 12
Investment incomeLn 3$114K
Fees for servicesLn 2g$86K
Money outPt IX
$148K
Ln 25
Programscol B$136K
Managementcol C$12K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$1.4M
LiabilitiesLn 26$11K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$86K
Investment incomeLn 3$114K
Gains on assetsLn 7$80K
Total revenueLn 12$199K
Assets in detailPt X, end of year
CashLn 1$20K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$23K
InvestmentsLn 11–13$1.4M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1K
Total assetsLn 16$1.4M
LiabilitiesLn 26$11K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$10K$23K
InvestmentsLn 11–13$1.4M$1.4M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.4M$1.4M
LiabilitiesLn 26$10K$11K
Net assetsLn 32$1.4M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$60K
Pension plan contributionsLn 8$24K$24K
Other employee benefitsLn 9$19K$19K
Payroll taxesLn 10$6K$6K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$1K$1K
Office expensesLn 13$125$125
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$27K$27K
Total functional expensesLn 25$148K$136K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $202K$171K$31K$1.5M 990 PDF
FY2023 Viewing $199K$148K$51K$1.4M 990 PDF
FY2022 $61K$51K$10K$1.4M 990 PDF
FY2021 $71K$179K−$108K$1.5M 990 PDF
FY2020 $66K$152K−$86K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $199,416 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $35,565$85,727
I-10 Investment incomePrior year $25,318$113,689
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $60,883$199,416
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $28,697$108,911
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $22,008$39,553
I-18 Total expensesPrior year $50,705$148,464
I-19 Revenue less expensesPrior year $10,178$50,952
Part VI · Governance 0 of 2 board members independent, 5 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $199,416 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $85,727$85,727
VIII-3 Investment incomeExcluded from tax $33,863$33,863
VIII-7 Net gain or loss on sales of assetsExcluded from tax $79,826$79,826
VIII-12 Total revenueRelated to mission $85,727 · Unrelated business $0 · Excluded from tax $113,689$199,416
Part IX · Statement of functional expenses $148,464 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $59,902$59,902
IX-8 Pension plan contributionsPrograms $24,454$24,454
IX-9 Other employee benefitsPrograms $18,542$18,542
IX-10 Payroll taxesPrograms $6,013$6,013
IX-11b Legal feesManagement $4,000$4,000
IX-11c Accounting feesManagement $4,500$4,500
IX-11f Investment management feesManagement $1,207$1,207
IX-13 Office expensesManagement $125$125
IX-23 InsuranceManagement $2,485$2,485
IX-24 Other expenses (24a–d)Programs $27,236$27,236
IX-25 Total functional expensesPrograms $136,147 · Management $12,317 · Fundraising $0$148,464
Part X · Balance sheet $1,446,236 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $5,234$20,343
X-2 Savings and temporary cash investmentsStart of year $5,177$2,778
X-4 Accounts receivableStart of year $5,506$11,046
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,389,478$1,410,826
X-15 Other assetsStart of year $1,306$1,243
X-16 Total assetsStart of year $1,406,701$1,446,236
X-17 Accounts payable and accrued expensesStart of year $9,911$10,832
X-26 Total liabilitiesStart of year $9,911$10,832
X-32 Total net assets or fund balancesStart of year $1,396,790$1,435,404
X-33 Total liabilities and net assetsStart of year $1,406,701$1,446,236
Part XI · Reconciliation of net assets $1,435,404 net assets at year end
XI-1 Total revenue$199,416
XI-2 Total expenses$148,464
XI-3 Revenue less expenses$50,952
XI-4 Net assets at start of year$1,396,790
XI-5 Net unrealized gains (losses) on investments−$12,338
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,435,404

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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