Insulators Local 37 Joint Apprenticeship & Training Fund

Not tax-deductible

Evansville, IN501(c)(5)Since 2010Employment EIN 27-2790409Revenue $514K in FY2025

On file with the IRSlocal37.org2360 N Cullen Ave, 47715-2115 · Evansville, INTax-exempt since Nov 2010

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Providing funding and operation of the Apprenticeship and Training program for our members and supplying our signatory contractors with a skilled work force.

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2025 · 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 $26K a year · 8% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$514K
+12% vs prior year
Spent
$404K
Net assets
$236K
By yearFY2020–FY2025
Revenue
$514K
FY2025▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$310K
FY2021$294K
FY2022$234K
FY2023$239K
FY2024$460K
FY2025$514K
Expenses
$404K
FY2025▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$389K
FY2021$361K
FY2022$233K
FY2023$328K
FY2024$493K
FY2025$404K
Net assets
$236K
FY2025▲ +89%
Tap a bar for its year
Net assets by fiscal year
FY2020$315K
FY2021$246K
FY2022$247K
FY2023$158K
FY2024$125K
FY2025$236K

From the FY2025 Form 990 · see the original

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Is it real?

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

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Director/Administrator
$0Pt VII · Sec A

Rick Bledso’s $92K as Director/Administrator is at the 78th percentile of top reported officer pay among 1217 $100K–1M employment 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Rick Bledso$91,756$79,709$71,702$82,963$75,634
Robert Harner$17,712$11,071———

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 Insulators Local 37 Joint Apprenticeship & 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 15aYes

Programs and updates

Trains members and supplies contractors with a skilled workforce.

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Provided by the organization

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1 program · in their own filed words · FY2025
01

Contributions from contractor members collected and expenses paid to provide apprenticeship and safety training.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $545K · 2020–2025
Ivy Tech Community College-SouthwestFY2025$118,801
Ivy Tech Community College-SouthwestFY2024$183,896
Ivy Tech Community College-SouthwestFY2023$40,678
Ivy Tech Community College-SouthwestFY2021$92,090
Ivy Tech Community College-SouthwestFY2020$109,646

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$514K
Ln 12
Fees for servicesLn 2g$368K
Gifts and grantsLn 1h$146K
Other incomeLn 4–11$850
Money outPt IX
$404K
Ln 25
Owns and owesPt X
$236K
net assets · Ln 32
Cash and savingsLn 1–2$241K
Total assetsLn 16$253K
LiabilitiesLn 26$18K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$146K
Fees for servicesLn 2g$368K
Investment incomeLn 3$26
Other incomeLn 4–11$850
Total revenueLn 12$514K
Assets in detailPt X, end of year
CashLn 1$37K
SavingsLn 2$204K
Cash and savings togetherLn 1–2$241K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$253K
LiabilitiesLn 26$18K
Net assetsLn 32$236K
OperationsPt I, VI
EmployeesI 57
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$168K$241K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$193K$253K
LiabilitiesLn 26$68K$18K
Net assetsLn 32$125K$236K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$119K
Other salaries and wagesLn 7$144K
Payroll taxesLn 10$10K
Management feesLn 11a$5K
Accounting feesLn 11c$18K
Office expensesLn 13$6K
OccupancyLn 16$59K
TravelLn 17$6K
Conferences, conventions and meetingsLn 19$3K
InterestLn 20$5
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$28K
All other expensesLn 24e$464
Total functional expensesLn 25$404K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $514K$404K$111K$236K 990 PDF
FY2024Filed with the IRS May 15, 2025 $460K$493K−$33K$125K 990 PDF
FY2023Filed with the IRS May 14, 2024 $239K$328K−$89K$158K 990 PDF
FY2022Filed with the IRS May 15, 2023 $234K$233K$700$247K 990 PDF
FY2021Filed with the IRS May 13, 2022 $294K$361K−$68K$246K 990 PDF
FY2020Filed with the IRS Apr 6, 2021 $310K$389K−$78K$315K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $514,457 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $155,393$145,504
I-9 Program service revenuePrior year $300,744$368,077
I-10 Investment incomePrior year $18$26
I-11 Other revenuePrior year $3,698$850
I-12 Total revenuePrior year $459,853$514,457
I-13 Grants and similar amounts paidPrior year $183,896$118,801
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $154,462$154,843
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $154,369$129,965
I-18 Total expensesPrior year $492,727$403,609
I-19 Revenue less expensesPrior year −$32,874$110,848
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $514,457 across 6 lines filed
VIII-1f All other contributions, gifts and grants$145,504
VIII-1h Total contributions, gifts and grants$145,504
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $368,077$368,077
VIII-3 Investment incomeExcluded from tax $26$26
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $850$850
VIII-12 Total revenueRelated to mission $368,077 · Unrelated business $0 · Excluded from tax $876$514,457
Part IX · Statement of functional expenses $403,609 across 13 lines filed
IX-1 Grants to domestic organizations$118,801
IX-7 Other salaries and wages$144,404
IX-10 Payroll taxes$10,439
IX-11a Management fees$5,000
IX-11c Accounting fees$18,220
IX-13 Office expenses$5,619
IX-16 Occupancy$59,419
IX-17 Travel$5,665
IX-19 Conferences, conventions and meetings$3,483
IX-20 Interest$5
IX-23 Insurance$3,759
IX-24 Other expenses (24a–d)$28,331
IX-24e All other expenses$464
IX-25 Total functional expenses$403,609
Part X · Balance sheet $253,094 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $2,329$36,792
X-2 Savings and temporary cash investmentsStart of year $165,231$204,404
X-4 Accounts receivableStart of year $25,154$11,898
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $192,714$253,094
X-17 Accounts payable and accrued expensesStart of year $59,278$6,408
X-25 Other liabilitiesStart of year $8,746$11,150
X-26 Total liabilitiesStart of year $68,024$17,558
X-27 Net assets without donor restrictionsStart of year $124,690$235,536
X-32 Total net assets or fund balancesStart of year $124,690$235,536
X-33 Total liabilities and net assetsStart of year $192,714$253,094
Part XI · Reconciliation of net assets $235,536 net assets at year end
XI-1 Total revenue$514,457
XI-2 Total expenses$403,609
XI-3 Revenue less expenses$110,848
XI-4 Net assets at start of year$124,690
XI-8 Prior period adjustments−$2
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$235,536

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

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