Apprentice Education Trust Local 440 FY2023 filing

Tax-deductible

Indianapolis, IN501(c)(3)Since 1974EIN 35-1323832

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Training and educational programs for Apprentice and journeymen workers

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$227K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.1M a year · 23% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$227K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.8M
+33% vs prior year
Spent
$4.1M
To programs
78%
Net assets
$7.5M
By yearFY2020–FY2024
Revenue
$4.8M
FY2023▲ +33%
Revenue by fiscal year
FY2020$3.2M
FY2021$3.5M
FY2022$3.6M
FY2023$4.8M
FY2024$8.6M
Expenses
$4.1M
FY2023▲ +38%
Expenses by fiscal year
FY2020$3.1M
FY2021$2.5M
FY2022$3.0M
FY2023$4.1M
FY2024$5.7M
Net assets
$7.5M
FY2023▲ +16%
Net assets by fiscal year
FY2020$5.2M
FY2021$6.3M
FY2022$6.4M
FY2023$7.5M
FY2024$10.4M

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 Sep 1974.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $3.2M Management & general 22% · $885K

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

12 people listed on the 990; $227K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director of Training
$116,044Pt VII · Sec A
Welding Coordinator
$109,277Pt VII · Sec A
$2,001Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2020
Todd a Hendrickson$137,468$109,277—
John J Kurek$122,753$116,044—
Marc Clark$117,609——
Troy Stieneker$107,633——
Joe Gutzwiller——$8,146
Miguel Mockabee—$2,001—

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.

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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 and educates apprentice and journeymen workers.

Provided by the organization

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1 program service account for $3.2M of program spending, described in the organization's own filed words · FY2023.
01

Training and educational programs for apprentice and journeymen workers entering the pipefitting, heating, and air conditioning trades.

$3.2Mprogram expense

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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 · 4 grants · $2.4M · 2021–2024
Unitemized GrantFY2024$469,838
Unitemized GrantFY2023$1,086,598
Unitemized GrantFY2022$547,652
Unitemized GrantFY2021$280,257

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.8M
Ln 12
Fees for servicesLn 2g$4.0M
Gifts and grantsLn 1h$808K
Other incomeLn 4–11$31K
Money outPt IX
$4.1M
Ln 25
Programscol B$3.2M
Managementcol C$885K
Owns and owesPt X
$7.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$7.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A3
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$808K
Government grantsLn 1e$796K
Fees for servicesLn 2g$4.0M
Investment incomeLn 3$17K
Other incomeLn 4–11$31K
Gains on assetsLn 7−$86K
Total revenueLn 12$4.8M
Assets in detailPt X, end of year
CashLn 1$898K
SavingsLn 2$138K
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$4.4M
Land, buildings, equipmentLn 10c$2.0M
Total assetsLn 16$7.5M
LiabilitiesLn 26$0
Net assetsLn 32$7.5M
OperationsPt I, VI
EmployeesI 559
VolunteersI 611
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 FY23End FY23
Cash and savingsLn 1–2$2.0M$1.0M
InvestmentsLn 11–13$2.4M$4.4M
Land, buildings, equipmentLn 10c$2.0M$2.0M
Total assetsLn 16$6.4M$7.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$6.4M$7.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.2M$1.2M
Other salaries and wagesLn 7$973K$634K$339K
Other employee benefitsLn 9$280K$280K
Payroll taxesLn 10$77K$50K$27K
Management feesLn 11a$9K$9K
Investment management feesLn 11f$12K$12K
Other fees for servicesLn 11g$18K$18K
Office expensesLn 13$38K$38K
OccupancyLn 16$311K$191K$120K
Conferences, conventions and meetingsLn 19$27K$19K$7K
Payments to affiliatesLn 21$293K$293K
Depreciation, depletion and amortizationLn 22$169K$169K
InsuranceLn 23$33K$30K$4K
Other expenses (24a–d)Ln 24$488K$488K
All other expensesLn 24e$180K$149K$31K
Total functional expensesLn 25$4.1M$3.2M$885K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $8.6M$5.7M$2.9M$10.4M 990 PDF
FY2023 Viewing $4.8M$4.1M$738K$7.5M 990 PDF
FY2022 $3.6M$3.0M$677K$6.4M 990 PDF
FY2021 $3.5M$2.5M$1.0M$6.3M 990 PDF
FY2020 $3.2M$3.1M$142K$5.2M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $4,827,307 across 8 lines filed
VIII-1e Government grants$795,843
VIII-1f All other contributions, gifts and grants$12,000
VIII-1h Total contributions, gifts and grants$807,843
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,971,580$3,971,580
VIII-3 Investment incomeExcluded from tax $103,460$103,460
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$86,202−$86,202
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $30,626$30,626
VIII-12 Total revenueRelated to mission $4,002,206 · Unrelated business $0 · Excluded from tax $17,258$4,827,307
Part IX · Statement of functional expenses $4,089,657 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $1,181,990$1,181,990
IX-7 Other salaries and wagesPrograms $633,545 · Management $339,418$972,963
IX-9 Other employee benefitsManagement $279,941$279,941
IX-10 Payroll taxesPrograms $50,298 · Management $26,710$77,008
IX-11a Management feesManagement $9,000$9,000
IX-11f Investment management feesManagement $12,347$12,347
IX-11g Other fees for servicesManagement $17,731$17,731
IX-13 Office expensesManagement $37,922$37,922
IX-16 OccupancyPrograms $191,440 · Management $119,807$311,247
IX-19 Conferences, conventions and meetingsPrograms $19,198 · Management $7,438$26,636
IX-21 Payments to affiliatesPrograms $292,953$292,953
IX-22 Depreciation, depletion and amortizationPrograms $168,950$168,950
IX-23 InsurancePrograms $29,710 · Management $3,752$33,462
IX-24 Other expenses (24a–d)Programs $487,739$487,739
IX-24e All other expensesPrograms $149,179 · Management $30,589$179,768
IX-25 Total functional expensesPrograms $3,205,002 · Management $884,655 · Fundraising $0$4,089,657
Part X · Balance sheet $7,473,678 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1,651,844$897,762
X-2 Savings and temporary cash investmentsStart of year $334,621$138,462
X-10c Land, buildings and equipment, netStart of year $2,003,824$2,040,823
X-11 Publicly traded securitiesStart of year $2,443,641$4,396,631
X-16 Total assetsStart of year $6,433,930$7,473,678
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $6,433,930$7,473,678
X-33 Total liabilities and net assetsStart of year $6,433,930$7,473,678
Part XI · Reconciliation of net assets $7,473,678 net assets at year end
XI-1 Total revenue$4,827,307
XI-2 Total expenses$4,089,657
XI-3 Revenue less expenses$737,650
XI-4 Net assets at start of year$6,433,930
XI-5 Net unrealized gains (losses) on investments$302,098
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,473,678

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

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