Iron Workers Local Union 401 Apprentice Training Fund FY2021 filing

Not tax-deductible

Philadelphia, PA501(c)(5)Since 1984EIN 23-7653299Revenue $807K in FY2021

On file with the IRS11600 Norcom Rd, 19154-2309 · Philadelphia, PATax-exempt since Jul 1984

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Training of individual members.

$156K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 $54K a year · 6% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$156K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 6 voting members
Fine: 3 of 6 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$807K
-14% vs prior year
Spent
$943K
To programs
0%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$807K
FY2021▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$938K
FY2021$807K
FY2022$541K
FY2023$841K
FY2024$1.3M
FY2025$1.5M
Expenses
$943K
FY2021▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$943K
FY2022$925K
FY2023$894K
FY2024$1.0M
FY2025$1.3M
Net assets
$2.2M
FY2021▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.2M
FY2022$1.8M
FY2023$1.8M
FY2024$2.0M
FY2025$2.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · 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 Jul 1984.

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

Who runs it and what they're paid

7 people listed on the 990; $156K 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
Coordinator
$156,302Pt VII · Sec A
Past Union Trustee
$0Pt VII · Sec A
Union Trustee
$0Pt VII · Sec A
Union Trustee
$0Pt VII · Sec A
Employer Trustee
$0Pt VII · Sec A
Employer Trustee
$0Pt VII · Sec A
Employer Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Frank Marsh—————$205,873
Michael McGrogan$172,536$162,786$130,116———
Mike Casey———$151,405$156,302$113,102
Patrick Walsh—$1,050$5,959———

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 Iron Workers Local Union 401 Apprentice 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 individuals to improve their skills and knowledge.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Iron Workers Local 401 Apprentice Training Fund provides for the training of individuals working in job classifications covered by collective bargaining agreements.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$807K
Ln 12
Fees for servicesLn 2g$721K
Gifts and grantsLn 1h$37K
Investment incomeLn 3$29K
Money outPt IX
$943K
Ln 25
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$531K
Total assetsLn 16$2.2M
LiabilitiesLn 26$3K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37K
Fees for servicesLn 2g$721K
Investment incomeLn 3$29K
Other incomeLn 4–11$20K
Total revenueLn 12$807K
Assets in detailPt X, end of year
CashLn 1$531K
Cash and savings togetherLn 1–2$531K
InvestmentsLn 11–13$1.5M
Land, buildings, equipmentLn 10c$171K
Total assetsLn 16$2.2M
LiabilitiesLn 26$3K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 516
VolunteersI 60
Fiscal year endsHeaderJune
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$696K$531K
InvestmentsLn 11–13$1.6M$1.5M
Land, buildings, equipmentLn 10c$152K$171K
Total assetsLn 16$2.5M$2.2M
LiabilitiesLn 26$167K$3K
Net assetsLn 32$2.4M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$156K$0$0$0
Other salaries and wagesLn 7$184K$0$0$0
Pension plan contributionsLn 8$129K$0$0$0
Other employee benefitsLn 9$62K$0$0$0
Payroll taxesLn 10$29K$0$0$0
Legal feesLn 11b$630$0$0$0
Accounting feesLn 11c$4K$0$0$0
Office expensesLn 13$16K$0$0$0
OccupancyLn 16$175K$0$0$0
TravelLn 17$11K$0$0$0
Depreciation, depletion and amortizationLn 22$18K$0$0$0
InsuranceLn 23$8K$0$0$0
Other expenses (24a–d)Ln 24$151K$0$0$0
Total functional expensesLn 25$943K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5M$1.3M$160K$2.1M 990 PDF
FY2024 $1.3M$1.0M$220K$2.0M 990 PDF
FY2023 $841K$894K−$53K$1.8M 990 PDF
FY2022 $541K$925K−$384K$1.8M 990 PDF
FY2021 Viewing $807K$943K−$136K$2.2M 990 PDF
FY2020 $938K$1.1M−$130K$2.4M 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 $807,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,922$37,081
I-9 Program service revenuePrior year $887,564$720,889
I-10 Investment incomePrior year $30,912$29,080
I-11 Other revenuePrior year $7,235$19,950
I-12 Total revenuePrior year $937,633$807,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $694,849$560,334
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $372,928$382,686
I-18 Total expensesPrior year $1,067,777$943,020
I-19 Revenue less expensesPrior year −$130,144−$136,020
Part VI · Governance 3 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members3
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 $807,000 across 6 lines filed
Lines not itemized here account for $2,807 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$37,081
VIII-1h Total contributions, gifts and grants$37,081
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$720,889
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $29,080$29,080
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,143 · Unrelated business $0 · Excluded from tax $0$17,143
VIII-12 Total revenueRelated to mission $738,032 · Unrelated business $0 · Excluded from tax $31,887$807,000
Part IX · Statement of functional expenses $943,020 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$156,302
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$184,218
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$129,231
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$61,748
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$28,835
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$630
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$4,300
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$15,914
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$174,524
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$10,541
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$17,788
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$7,763
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$151,226
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$943,020
Part X · Balance sheet $2,214,114 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $695,808$531,184
X-4 Accounts receivableStart of year $38,086$21,337
X-8 Inventories for sale or useStart of year $3,000$3,000
X-9 Prepaid expenses and deferred chargesStart of year $9,257$8,170
X-10c Land, buildings and equipment, netStart of year $152,017$171,434
X-11 Publicly traded securitiesStart of year $1,640,606$1,478,989
X-16 Total assetsStart of year $2,538,774$2,214,114
X-25 Other liabilitiesStart of year $166,105$3,271
X-26 Total liabilitiesStart of year $166,805$3,271
X-32 Total net assets or fund balancesStart of year $2,371,969$2,210,843
X-33 Total liabilities and net assetsStart of year $2,538,774$2,214,114
Part XI · Reconciliation of net assets $2,210,843 net assets at year end
XI-1 Total revenue$807,000
XI-2 Total expenses$943,020
XI-3 Revenue less expenses−$136,020
XI-4 Net assets at start of year$2,371,969
XI-5 Net unrealized gains (losses) on investments−$25,106
XI-10 Net assets at end of year$2,210,843

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

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