Studio Mechanics Local 476 Training Fund

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To provide Training and education to eligible individuals and to provide programs to further the development of job skills and knowledge needed by those individuals to learn Studio Mechanics related trades and to provide continuing education for experienced Studio Mechanics.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
3 of 6
filings with a surplus
Average surplus $3K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
26 mo
of spending, in cash
Looks good: 26.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$67K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$409K
+41% vs prior year
Spent
$208K
To programs
57%
Net assets
$387K
By yearFY2020–FY2025
Revenue
$409K
FY2025▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2020$139K
FY2021$294K
FY2022$270K
FY2023$116K
FY2024$289K
FY2025$409K
Expenses
$208K
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$156K
FY2021$200K
FY2022$363K
FY2023$375K
FY2024$196K
FY2025$208K
Net assets
$387K
FY2025▲ +108%
Tap a bar for its year
Net assets by fiscal year
FY2020$350K
FY2021$444K
FY2022$352K
FY2023$93K
FY2024$186K
FY2025$387K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2010.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $118K Management & general 43% · $89K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Studio Mechanics Local 476 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 eligible individuals in Studio Mechanics trades and job skills.

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Provided by the organization

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1 program · $118K · in their own filed words · FY2025
01

Training courses to ensure satisfactory completion of educational and competency requirements.

$118Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$409K
Ln 12
Fees for servicesLn 2g$408K
Investment incomeLn 3$775
Money outPt IX
$208K
Ln 25
Programscol B$118K
Managementcol C$89K
Owns and owesPt X
$387K
net assets · Ln 32
Cash and savingsLn 1–2$449K
Total assetsLn 16$455K
LiabilitiesLn 26$67K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$408K
Investment incomeLn 3$775
Total revenueLn 12$409K
Assets in detailPt X, end of year
CashLn 1$334K
SavingsLn 2$115K
Cash and savings togetherLn 1–2$449K
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$455K
LiabilitiesLn 26$67K
Net assetsLn 32$387K
OperationsPt I, VI
EmployeesI 512
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$233K$449K
Land, buildings, equipmentLn 10c$10K$5K
Total assetsLn 16$243K$455K
LiabilitiesLn 26$56K$67K
Net assetsLn 32$186K$387K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$40K$40K
Other employee benefitsLn 9$10K$10K
Payroll taxesLn 10$4K$4K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$22K$22K
Office expensesLn 13$51$51
OccupancyLn 16$9K$9K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$923$923
Other expenses (24a–d)Ln 24$112K$50K$62K
Total functional expensesLn 25$208K$118K$89K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $409K$208K$201K$387K 990 PDF
FY2024 $289K$196K$93K$186K 990 PDF
FY2023 $116K$375K−$259K$93K 990 PDF
FY2022 $270K$363K−$93K$352K 990 PDF
FY2021 $294K$200K$95K$444K 990 PDF
FY2020 $139K$156K−$17K$350K 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 FY2025 990 (6 parts)
Part I · Summary $408,654 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $284,827$407,879
I-10 Investment incomePrior year $4,436$775
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $289,263$408,654
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 $50,927$54,769
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $145,058$152,754
I-18 Total expensesPrior year $195,985$207,523
I-19 Revenue less expensesPrior year $93,278$201,131
Part VI · Governance 2 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $408,654 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $407,879$407,879
VIII-3 Investment incomeExcluded from tax $775$775
VIII-12 Total revenueRelated to mission $407,879 · Unrelated business $0 · Excluded from tax $775$408,654
Part IX · Statement of functional expenses $207,523 across 10 lines filed
IX-7 Other salaries and wagesPrograms $40,093$40,093
IX-9 Other employee benefitsPrograms $10,345$10,345
IX-10 Payroll taxesPrograms $4,331$4,331
IX-11b Legal feesManagement $4,824$4,824
IX-11c Accounting feesManagement $21,880$21,880
IX-13 Office expensesManagement $51$51
IX-16 OccupancyPrograms $9,000$9,000
IX-22 Depreciation, depletion and amortizationPrograms $4,234$4,234
IX-23 InsuranceManagement $923$923
IX-24 Other expenses (24a–d)Programs $50,136 · Management $61,706$111,842
IX-25 Total functional expensesPrograms $118,139 · Management $89,384 · Fundraising $0$207,523
Part X · Balance sheet $454,672 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $118,753$334,342
X-2 Savings and temporary cash investmentsStart of year $114,215$114,988
X-10c Land, buildings and equipment, netStart of year $9,575$5,342
X-16 Total assetsStart of year $242,543$454,672
X-25 Other liabilitiesStart of year $56,325$67,323
X-26 Total liabilitiesStart of year $56,325$67,323
X-27 Net assets without donor restrictionsStart of year $186,218$387,349
X-32 Total net assets or fund balancesStart of year $186,218$387,349
X-33 Total liabilities and net assetsStart of year $242,543$454,672
Part XI · Reconciliation of net assets $387,349 net assets at year end
XI-1 Total revenue$408,654
XI-2 Total expenses$207,523
XI-3 Revenue less expenses$201,131
XI-4 Net assets at start of year$186,218
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$387,349

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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