Electrical Workers Joint Apprentice and Training Trust Fund FY2023 filing

Philadelphia, PA · Public charity (501(c)(3)) · Since 1948

✓ Tax-deductible
Revenue
$5.9M
+7% vs prior year
Spent
$5.9M
To programs
76%
Net assets
$23.6M
By yearFY2020–FY2025
Revenue
$5.9M
FY2023▲ +7%
Revenue by fiscal year
FY2020$5.3M
FY2021$6.5M
FY2022$5.5M
FY2023$5.9M
FY2024$6.6M
FY2025$7.3M
Expenses
$5.9M
FY2023▼ -1%
Expenses by fiscal year
FY2020$4.8M
FY2021$4.9M
FY2022$6.0M
FY2023$5.9M
FY2024$6.7M
FY2025$6.4M
Net assets
$23.6M
FY2023▲ +4%
Net assets by fiscal year
FY2020$23.1M
FY2021$24.7M
FY2022$22.7M
FY2023$23.6M
FY2024$23.2M
FY2025$24.0M

From the FY2023 Form 990 (year ending August 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CElectrical Workers Joint Apprentice and Training Trust Fund
EINHdr · item D23-1308075
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2016
Year of formationHdr · item L1948
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CPhiladelphia, PA
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.atei98.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$4.5M
Management & general24%$1.4M
Total functional expensesLn 25$5.9M

Financial health

Is it on solid ground?

Program efficiency
76%
of spending reaches programs
Operating runway
38.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$23.7M
FY2023▲ +4%
Total assets by fiscal year
FY2020$23.1M
FY2021$24.8M
FY2022$22.8M
FY2023$23.7M
FY2024$23.2M
FY2025$24.0M
Total liabilities
$37K
FY2023▼ -9%
Total liabilities by fiscal year
FY2020$20K
FY2021$46K
FY2022$40K
FY2023$37K
FY2024$31K
FY2025$25K
Revenue less expensesPt I · Ln 19$27K
Total assetsPt X · Ln 16$23.7M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$15.7M
Total assetsLn 16$23.7M
Total liabilitiesLn 26$37K
Total net assetsLn 32$23.6M
Months of cash on handcomputed32.1

Statement of Revenue

Part VIII
Program service revenue$5.6M · 95%
Contributions & grants$472K · 8%
Program service revenue95%$5.6M
Contributions & grants8%$472K
— government grantsLn 1e$472K
Total revenueLn 12$5.9M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19.1M · Operating expenses/yr $5.9M
38.9 months
Where the money goes
Program services
Program services $4.5M · Total expenses $5.9M
76%
Management & General
Management & general $1.4M · Total expenses $5.9M
24%
Fundraising
Fundraising $0 · Total expenses $5.9M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $150
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $472K · Total revenue $5.9M
8%
Government reliance
Government grants $472K · Total revenue $5.9M
8%
Earned-income share
Program service revenue $5.6M · Total revenue $5.9M
95%
Investment reliance
Investment income −$221K · Total revenue $5.9M
-4%
Program self-sufficiency
Program service revenue $5.6M · Total expenses $5.9M
96%
Growth & trend
Revenue growth (YoY)
This year $5.9M · Prior year $5.5M
+7%
Net-asset trend (YoY)
End of year $23.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.9M · Expenses $5.9M
+0.5%
Liabilities-to-Assets
Total liabilities — · Total assets $23.7M
—
Net-asset ratio
Net assets $23.6M · Total assets $23.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $3.4M · Total assets (Pt X, ln 16) $23.7M
14%
People & payroll
Highest Reported Total Compensation
Individual Michael Neill · Reported title TRAINING DIRECTOR (P) · Highest reported compensation $215K · Total expenses $5.9M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.5M · Total expenses $5.9M
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%——
Overhead ratio 24%——
Fundraising cost ratio 0%——
Revenue growth 7%——
Investment management fee ratio 0.2%——
Legal fee ratio 0.3%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Training Director (p)
$215,271Pt VII · Sec A
$177,990Pt VII · Sec A
Training Director
$169,603Pt VII · Sec A
Instructor
$147,592Pt VII · Sec A
Instructor
$147,592Pt VII · Sec A
$147,337Pt VII · Sec A
$146,425Pt VII · Sec A
Chairman (p)
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brian Myers$233,832$223,708$169,603$162,449$157,287$153,544
Michael Neill——$215,271$210,608$202,016$204,464
Louis Acampora JR$188,933$182,392$177,990$172,850$165,010—
Shawn McCarthy$182,122$160,405———$135,543
Nicholas Gummel$167,537—————
Thomas Noreski$167,015$157,278—$145,626$139,471—
Luke W Bialy$166,088$155,751$147,592———
Ignatius J Fletcher—$156,219$147,337$143,409——

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 Electrical Workers Joint Apprentice and Training Trust Fund executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Trains and educates all apprentices and journeymen for Local Union #98 I.B.E.W.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $4.5M of program spending, described in the organization's own filed words · FY2022.
01

Program of apprenticeship so that the apprentices of today, through a systematic program of schooling and on the job training, can become the qualified all-around journeyman of tomorrow.

$4.5Mprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $7.3M$6.4M+10% 990 PDF
FY2024 $6.6M$6.7M+12% 990 PDF
FY2023 Viewing $5.9M$5.9M+7% 990 PDF
FY2022 $5.5M$6.0M-15% 990 PDF
FY2021 $6.5M$4.9M+23% 990 PDF
FY2020 $5.3M$4.8M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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