Ithaca Electrical Joint Apprenticeship Training Fund Local FY2020 filing

Ithaca, NY · Public charity (501(c)(3)) · Education

✓ Tax-deductible Latest data FY2020
Revenue
$392K
Spent
$327K
To programs
68%
Net assets
$1.2M
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending May 2020 (IRS tax year 2019).

Status and standing

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)
Foundation funders?
Not on file
Spent on programs?
68% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
Legal name (IRS)Hdr · item CIthaca Electrical Joint Apprenticeship Training Fund Local
EINHdr · item D23-7257515
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2013
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CIthaca, NY
NTEE classificationIRS BMFEducation (B30)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$221K
Management & general32%$106K
Total functional expensesLn 25$327K

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$392K
FY2020
Expenses
$327K
FY2020
Program efficiency
68%
of spending reaches programs
Operating runway
11.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$1.2M
FY2020
Total liabilities
$36K
FY2020
Revenue less expensesPt I · Ln 19$65K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 44

Balance Sheet

Part X · end of year
CashLn 1$311K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$36K
Total net assetsLn 32$1.2M
Months of cash on handcomputed11.4

Statement of Revenue

Part VIII
Program service revenue$363K · 93%
Contributions & grants$27K · 7%
Investment income$2K · 1%
Program service revenue93%$363K
Contributions & grants7%$27K
Investment income1%$2K
— government grantsLn 1e$27K
Total revenueLn 12$392K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $311K · Operating expenses/yr $327K
11.4 months
Where the money goes
Program services
Program services $221K · Total expenses $327K
68%
Management & General
Management & general $106K · Total expenses $327K
32%
Fundraising
Fundraising $0 · Total expenses $327K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $27K · Total revenue $392K
7%
Government reliance
Government grants $27K · Total revenue $392K
7%
Earned-income share
Program service revenue $363K · Total revenue $392K
93%
Investment reliance
Investment income $2K · Total revenue $392K
+0.6%
Program self-sufficiency
Program service revenue $363K · Total expenses $327K
111%
Growth & trend
Revenue growth (YoY)
This year $392K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $392K · Expenses $327K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
—
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Steven Jackson · Reported title TRUSTEE · Highest reported compensation $2K · Total expenses $327K
0.5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $141K · Total expenses $327K
43%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%——
Overhead ratio 32%——
Fundraising cost ratio 0%——
Legal fee ratio 1%——
Accounting fee ratio 5%——

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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$1,530Pt VII · Sec A
$548Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Administrator
$0Pt VII · Sec A

Steve Jackson’s $640 as Trustee is at the 0th 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeremy Frederici——$4,274$3,696——
Jeremy Federici————$2,512—
Steven Jackson————$564$1,530
Pat Housworth$640$1,238$918$564——
Steve Jackson$640$1,009$689$564——
Patrick Housworth————$564$548

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 Ithaca Electrical Joint Apprenticeship Training Fund Local executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Provides training and education for union apprentices and journeymen.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $221K of program spending, described in the organization's own filed words · FY2019.
01

Educational training fund for apprentices & journeymen of the local 241.

$221Kprogram expense

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Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $637K$470K+16% 990 PDF
FY2024 $550K$447K+23% 990 PDF
FY2023 $448K$412K+13% 990 PDF
FY2022 $397K$459K-10% 990 PDF
FY2021 $439K$331K+12% 990 PDF
FY2020 Viewing $392K$327K 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) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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