Millwright Industry Trust FY2023 filing

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To preserve and revitalize the Millwright Industry and establish cooperative and harmonious labor management relations within the Industry and improve communication between representatives of labor and management. To provide the highest, quality, lowest cost possible which will increase employment opportunities for journeyperson and apprentices.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-0324763) · Dispute this line
501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
$394K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $353K a year · 17% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$394K
to officers and key staff · 19% of spending
Pay to officers and key staff is 19% of spending.
Part VII, Section A
5.1 mo
of spending, in cash
Plus $2.1M in investments, Pt X · Ln 11–13
5.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
32
of 32 voting members
32 of 32 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.7M
-18% vs prior year
Spent
$2.1M
Net assets
$3.0M
By yearFY2020–FY2024
Revenue
$1.7M
FY2023▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.7M
FY2022$2.1M
FY2023$1.7M
FY2024$3.3M
Expenses
$2.1M
FY2023▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$1.1M
FY2022$1.4M
FY2023$2.1M
FY2024$1.6M
Net assets
$3.0M
FY2023▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.7M
FY2022$3.3M
FY2023$3.0M
FY2024$4.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2007.

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

Who runs it and what they're paid

34 people listed on the 990; $394K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$248,426Pt VII · Sec A
Mwpd Ubc Recruiter
$145,120Pt VII · Sec A
Labor Committee
$0Pt VII · Sec A
Labor Committee
$0Pt VII · Sec A
Labor Committee
$0Pt VII · Sec A
Labor Committee
$0Pt VII · Sec A
Labor Committee
$0Pt VII · Sec A
Labor Committee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mark Benacquisto$262,328$248,426$238,502$218,635$212,270
Benjamin Higginbotham$153,125$145,120$137,410——
Eric Sielaff————$144,604

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 Millwright Industry Trust executive salaries →

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

Preserves and revitalizes the millwright industry, fostering cooperative labor relations and improving communication for quality, low-cost work.

Questions for Millwright Industry Trust

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Your first name shows with your question. Millwright Industry Trust answers here, for everyone.

1 program · in their own filed words · FY2023
01

Preserving and revitalizing the millwright industry

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-0324763) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$252
Money outPt IX
$2.1M
Ln 25
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$885K
Total assetsLn 16$3.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
34
listed · VII A
PaidVII A2
Voting boardVI 1a32
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$252
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$611K
SavingsLn 2$274K
Cash and savings togetherLn 1–2$885K
Accounts receivableLn 4$22
InvestmentsLn 11–13$2.1M
Other assetsLn 15$53K
Total assetsLn 16$3.0M
LiabilitiesLn 26$0
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$3.3M$885K
InvestmentsLn 11–13$2.1M
Total assetsLn 16$3.3M$3.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.3M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$347K
Other salaries and wagesLn 7$145K
Pension plan contributionsLn 8$51K
Other employee benefitsLn 9$47K
Payroll taxesLn 10$25K
Accounting feesLn 11c$13K
Other fees for servicesLn 11g$54K
Advertising and promotionLn 12$9K
Office expensesLn 13$14K
Information technologyLn 14$4K
OccupancyLn 16$71K
TravelLn 17$22K
Conferences, conventions and meetingsLn 19$914K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$378K
All other expensesLn 24e$5K
Total functional expensesLn 25$2.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 16, 2025 $3.3M$1.6M$1.7M$4.8M 990 PDF
FY2023 ViewingFiled with the IRS Nov 9, 2024 $1.7M$2.1M−$404K$3.0M 990 PDF
FY2022Filed with the IRS Nov 7, 2023 $2.1M$1.4M$628K$3.3M 990 PDF
FY2021Filed with the IRS Oct 21, 2022 $1.7M$1.1M$561K$2.7M 990 PDF
FY2020Filed with the IRS Oct 13, 2021 $1.5M$2.2M−$726K$2.2M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2023 990
Part I · Summary $1,695,583 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,071,950$1,695,331
I-10 Investment incomePrior year $379$252
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,072,329$1,695,583
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 $596,761$613,884
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $847,378$1,485,549
I-18 Total expensesPrior year $1,444,139$2,099,433
I-19 Revenue less expensesPrior year $628,190−$403,850
Part VI · Governance 32 of 32 board members independent, 4 to look at
VI-1a Voting members of the governing body32
VI-1b Independent voting members32
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 $1,695,583 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,695,331$1,695,331
VIII-3 Investment incomeExcluded from tax $252$252
VIII-12 Total revenueRelated to mission $1,695,331 · Unrelated business $0 · Excluded from tax $252$1,695,583
Part IX · Statement of functional expenses $2,099,433 across 16 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$346,757
IX-7 Other salaries and wages$144,977
IX-8 Pension plan contributions$50,574
IX-9 Other employee benefits$46,800
IX-10 Payroll taxes$24,776
IX-11c Accounting fees$13,100
IX-11g Other fees for services$53,750
IX-12 Advertising and promotion$9,109
IX-13 Office expenses$14,030
IX-14 Information technology$3,623
IX-16 Occupancy$71,005
IX-17 Travel$21,739
IX-19 Conferences, conventions and meetings$913,715
IX-23 Insurance$3,282
IX-24 Other expenses (24a–d)$377,505
IX-24e All other expenses$4,691
IX-25 Total functional expenses$2,099,433
Part X · Balance sheet $3,004,283 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $2,628,121$611,486
X-2 Savings and temporary cash investmentsStart of year $651,272$273,615
X-4 Accounts receivable$22
X-11 Publicly traded securities$2,066,032
X-15 Other assetsStart of year $62,708$53,128
X-16 Total assetsStart of year $3,342,101$3,004,283
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $3,342,101$3,004,283
X-32 Total net assets or fund balancesStart of year $3,342,101$3,004,283
X-33 Total liabilities and net assetsStart of year $3,342,101$3,004,283
Part XI · Reconciliation of net assets $3,004,283 net assets at year end
XI-1 Total revenue$1,695,583
XI-2 Total expenses$2,099,433
XI-3 Revenue less expenses−$403,850
XI-4 Net assets at start of year$3,342,101
XI-5 Net unrealized gains (losses) on investments$66,032
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,004,283

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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