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Local 374 Development and Training Fund

Not tax-deductible

Hobart, IN501(c)(5)Since 1988EIN 35-1757364Revenue $1.5M in FY2025

On file with the IRS760 N Union St, 46342-2536 · Hobart, INTax-exempt since May 1990

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Development and Training Fund

$140K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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
4 of 6
filings with a surplus
Average surplus $122K a year · 10% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$140K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 15.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$318K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+11% vs prior year
Spent
$1.2M
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$1.5M
FY2025▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$751K
FY2022$1.3M
FY2023$1.4M
FY2024$1.4M
FY2025$1.5M
Expenses
$1.2M
FY2025▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$850K
FY2022$1.0M
FY2023$1.1M
FY2024$1.2M
FY2025$1.2M
Net assets
$2.0M
FY2025▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$958K
FY2022$1.3M
FY2023$1.6M
FY2024$1.7M
FY2025$2.0M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1990.

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; $140K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
David Jelks
Apprentice Instructor
$140,241Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
David Jelks$140,241—————
Nicholas Tokarz—$112,427$125,774$125,883$112,027$115,507
Stephen Hurm————$115,608$118,678

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

Local 374 Development and Training Fund is a member-serving organization based in Hobart, IN, formed in 1988.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

To create and maintain educational and training programs for the development of skills in crafts under the jurisdiction of the union.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$43K
Other incomeLn 4–11$95
Money outPt IX
$1.2M
Ln 25
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$2.3M
LiabilitiesLn 26$318K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$43K
Other incomeLn 4–11$95
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$412K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.5M
Land, buildings, equipmentLn 10c$787K
Other assetsLn 15$0
Total assetsLn 16$2.3M
LiabilitiesLn 26$318K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 54
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 FY25End FY25
Cash and savingsLn 1–2$1.2M$1.5M
Land, buildings, equipmentLn 10c$736K$787K
Total assetsLn 16$2.0M$2.3M
LiabilitiesLn 26$228K$318K
Net assetsLn 32$1.7M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$302K
Pension plan contributionsLn 8$140K
Other employee benefitsLn 9$40K
Payroll taxesLn 10$12K
Legal feesLn 11b$3K
Accounting feesLn 11c$8K
Office expensesLn 13$28K
OccupancyLn 16$125K
Depreciation, depletion and amortizationLn 22$146K
InsuranceLn 23$16K
Other expenses (24a–d)Ln 24$405K
Total functional expensesLn 25$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.5M$1.2M$279K$2.0M 990 PDF
FY2024 $1.4M$1.2M$147K$1.7M 990 PDF
FY2023 $1.4M$1.1M$313K$1.6M 990 PDF
FY2022 $1.3M$1.0M$295K$1.3M 990 PDF
FY2021 $751K$850K−$99K$958K 990 PDF
FY2020 $1.0M$1.2M−$204K$1.1M 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 $1,504,752 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,292,955$1,461,526
I-10 Investment incomePrior year $38,790$43,131
I-11 Other revenuePrior year $24,175$95
I-12 Total revenuePrior year $1,355,920$1,504,752
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 $534,876$494,076
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $674,522$731,957
I-18 Total expensesPrior year $1,209,398$1,226,033
I-19 Revenue less expensesPrior year $146,522$278,719
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $1,504,752 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,461,526$1,461,526
VIII-3 Investment incomeExcluded from tax $43,131$43,131
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $95$95
VIII-12 Total revenueRelated to mission $1,461,526 · Unrelated business $0 · Excluded from tax $43,226$1,504,752
Part IX · Statement of functional expenses $1,226,033 across 11 lines filed
IX-7 Other salaries and wages$301,831
IX-8 Pension plan contributions$139,767
IX-9 Other employee benefits$39,987
IX-10 Payroll taxes$12,491
IX-11b Legal fees$2,929
IX-11c Accounting fees$8,500
IX-13 Office expenses$28,342
IX-16 Occupancy$125,380
IX-22 Depreciation, depletion and amortization$146,084
IX-23 Insurance$15,530
IX-24 Other expenses (24a–d)$405,192
IX-25 Total functional expenses$1,226,033
Part X · Balance sheet $2,329,115 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $435,073$412,464
X-2 Savings and temporary cash investmentsStart of year $786,634$1,129,765
X-10c Land, buildings and equipment, netStart of year $735,931$786,886
X-15 Other assetsStart of year $2,657$0
X-16 Total assetsStart of year $1,960,295$2,329,115
X-25 Other liabilitiesStart of year $227,744$317,845
X-26 Total liabilitiesStart of year $227,744$317,845
X-32 Total net assets or fund balancesStart of year $1,732,551$2,011,270
X-33 Total liabilities and net assetsStart of year $1,960,295$2,329,115
Part XI · Reconciliation of net assets $2,011,270 net assets at year end
XI-1 Total revenue$1,504,752
XI-2 Total expenses$1,226,033
XI-3 Revenue less expenses$278,719
XI-4 Net assets at start of year$1,732,551
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,011,270

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

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