Iron Workers Local No 383 Training Program Trust FY2021 filing

Tax-deductible

Madison, WI501(c)(3)Since 1971EIN 23-7218726Revenue $461K in FY2021

On file with the IRS2901 West Beltline, 53713-4226 · Madison, WITax-exempt since Jun 1973School — 170(b)(1)(A)(ii)

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Provide Training programs for apprenticeships and journeyman Iron Workers of Local 383.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$21K 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

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
2 of 6
filings with a surplus
Average deficit $23K a year · 4% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$21K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$461K
-7% vs prior year
Spent
$519K
To programs
89%
Net assets
$631K
By yearFY2020–FY2025
Revenue
$461K
FY2021▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$494K
FY2021$461K
FY2022$516K
FY2023$659K
FY2024$688K
FY2025$742K
Expenses
$519K
FY2021▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$478K
FY2021$519K
FY2022$574K
FY2023$616K
FY2024$737K
FY2025$773K
Net assets
$631K
FY2021▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$690K
FY2021$631K
FY2022$573K
FY2023$616K
FY2024$566K
FY2025$535K

From the FY2021 Form 990 (year ending August 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 Jun 1973.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $463K Management & general 11% · $56K

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

7 people listed on the 990; $21K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$20,805Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2022FY2021FY2020
Andrew Shultis Thru 052022$21,780——
Andrew Shultis—$20,805$17,817

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.

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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 iron workers for apprenticeships and advanced careers.

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Provided by the organization

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1 program · $463K · in their own filed words · FY2020
01

Provide training programs for apprenticeships and journeyman iron workers of local 383

$463Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$461K
Ln 12
Fees for servicesLn 2g$461K
Money outPt IX
$519K
Ln 25
Programscol B$463K
Managementcol C$56K
Owns and owesPt X
$631K
net assets · Ln 32
Cash and savingsLn 1–2$576K
Total assetsLn 16$631K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$461K
Total revenueLn 12$461K
Assets in detailPt X, end of year
CashLn 1$576K
Cash and savings togetherLn 1–2$576K
Land, buildings, equipmentLn 10c$55K
Total assetsLn 16$631K
LiabilitiesLn 26$0
Net assetsLn 32$631K
OperationsPt I, VI
EmployeesI 514
VolunteersI 66
Fiscal year endsHeaderAugust
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$600K$576K
Land, buildings, equipmentLn 10c$90K$55K
Total assetsLn 16$690K$631K
LiabilitiesLn 26$0$0
Net assetsLn 32$690K$631K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$77K$77K
Pay of current officers, directors and key staffLn 5$24K$24K
Other salaries and wagesLn 7$147K$147K
Pension plan contributionsLn 8$79K$79K
Payroll taxesLn 10$12K$12K
Management feesLn 11a$3K$3K
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$2K$2K
Information technologyLn 14$590$590
OccupancyLn 16$125K$125K
Depreciation, depletion and amortizationLn 22$39K$39K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$519K$463K$56K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $742K$773K−$32K$535K 990 PDF
FY2024 $688K$737K−$49K$566K 990 PDF
FY2023 $659K$616K$43K$616K 990 PDF
FY2022 $516K$574K−$58K$573K 990 PDF
FY2021 Viewing $461K$519K−$58K$631K 990 PDF
FY2020 $494K$478K$16K$690K 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 $460,850 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $493,954$460,850
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $493,954$460,850
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $64,494$76,936
I-15 Salaries and benefitsPrior year $228,887$261,377
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $184,705$181,015
I-18 Total expensesPrior year $478,086$519,328
I-19 Revenue less expensesPrior year $15,868−$58,478
Part VI · Governance 5 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
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 $460,850 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $460,850$460,850
VIII-12 Total revenueRelated to mission $460,850 · Unrelated business $0 · Excluded from tax $0$460,850
Part IX · Statement of functional expenses $519,328 across 13 lines filed
IX-4 Benefits paid to or for membersPrograms $76,936$76,936
IX-5 Pay of current officers, directors and key staffPrograms $23,805$23,805
IX-7 Other salaries and wagesPrograms $147,026$147,026
IX-8 Pension plan contributionsPrograms $78,649$78,649
IX-10 Payroll taxesPrograms $11,897$11,897
IX-11a Management feesManagement $3,300$3,300
IX-11g Other fees for servicesManagement $3,000$3,000
IX-13 Office expensesManagement $1,677$1,677
IX-14 Information technologyManagement $590$590
IX-16 OccupancyPrograms $124,998$124,998
IX-22 Depreciation, depletion and amortizationManagement $39,443$39,443
IX-23 InsuranceManagement $4,356$4,356
IX-24 Other expenses (24a–d)Management $3,651$3,651
IX-25 Total functional expensesPrograms $463,311 · Management $56,017 · Fundraising $0$519,328
Part X · Balance sheet $631,302 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $600,131$576,443
X-10c Land, buildings and equipment, netStart of year $89,649$54,859
X-16 Total assetsStart of year $689,780$631,302
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $689,780$631,302
X-32 Total net assets or fund balancesStart of year $689,780$631,302
X-33 Total liabilities and net assetsStart of year $689,780$631,302
Part XI · Reconciliation of net assets $631,302 net assets at year end
XI-1 Total revenue$460,850
XI-2 Total expenses$519,328
XI-3 Revenue less expenses−$58,478
XI-4 Net assets at start of year$689,780
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$631,302

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

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