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Local 498 Training Program Trust Established for Iron Workers Local FY2021 filing

Not tax-deductible

Rockford, IL501(c)(5)Since 1946Mutual / membership EIN 36-2767733Revenue $402K in FY2021

On file with the IRS5640 Sockness Dr, 61109-6306 · Rockford, ILTax-exempt since Dec 1994

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Industry Training of apprentices and Iron Workers of Local #498

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

FY2021 · 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
5 of 6
filings with a surplus
Average surplus $66K a year · 13% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$402K
+17% vs prior year
Spent
$389K
Net assets
$243K
By yearFY2020–FY2025
Revenue
$402K
FY2021▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$344K
FY2021$402K
FY2022$483K
FY2023$484K
FY2024$602K
FY2025$638K
Expenses
$389K
FY2021▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$397K
FY2021$389K
FY2022$385K
FY2023$383K
FY2024$415K
FY2025$588K
Net assets
$243K
FY2021▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$230K
FY2021$243K
FY2022$341K
FY2023$441K
FY2024$628K
FY2025$677K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1994.

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.

Part VII, Section A · reportable compensation
John Meier
Trustee/Instructor
$0Pt VII · Sec A
Keith Gahl
Trustee/Instructor
$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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2020
Paul Kauffman$134,402$119,752——
Keith Gahl———$1,596
John Meier——$181—
Nick Pierson———$161

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 Local 498 Training Program Trust Established for Iron Workers Local 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 apprentices and iron workers for skilled careers.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Training and education for the members of ironworkers local 498.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$402K
Ln 12
Fees for servicesLn 2g$335K
Gifts and grantsLn 1h$51K
Other incomeLn 4–11$15K
Money outPt IX
$389K
Ln 25
Owns and owesPt X
$243K
net assets · Ln 32
Cash and savingsLn 1–2$196K
Total assetsLn 16$255K
LiabilitiesLn 26$12K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$51K
Government grantsLn 1e$51K
Fees for servicesLn 2g$335K
Investment incomeLn 3$17
Other incomeLn 4–11$15K
Total revenueLn 12$402K
Assets in detailPt X, end of year
SavingsLn 2$196K
Cash and savings togetherLn 1–2$196K
Land, buildings, equipmentLn 10c$22K
Total assetsLn 16$255K
LiabilitiesLn 26$12K
Net assetsLn 32$243K
OperationsPt I, VI
EmployeesI 512
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$180K$196K
Land, buildings, equipmentLn 10c$22K$22K
Total assetsLn 16$242K$255K
LiabilitiesLn 26$12K$12K
Net assetsLn 32$230K$243K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$146K
Pension plan contributionsLn 8$65K
Other employee benefitsLn 9$32K
Payroll taxesLn 10$12K
Legal feesLn 11b$840
Accounting feesLn 11c$10K
Office expensesLn 13$3K
OccupancyLn 16$54K
Conferences, conventions and meetingsLn 19$1K
Depreciation, depletion and amortizationLn 22$5K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$56K
Total functional expensesLn 25$389K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $638K$588K$49K$677K 990 PDF
FY2024 $602K$415K$187K$628K 990 PDF
FY2023 $484K$383K$101K$441K 990 PDF
FY2022 $483K$385K$98K$341K 990 PDF
FY2021 Viewing $402K$389K$12K$243K 990 PDF
FY2020 $344K$397K−$53K$230K 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 FY2021 990 (6 parts)
Part I · Summary $401,699 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$51,150
I-9 Program service revenuePrior year $336,657$335,320
I-10 Investment incomePrior year $21$17
I-11 Other revenuePrior year $6,857$15,212
I-12 Total revenuePrior year $343,535$401,699
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 $252,827$255,451
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $143,973$133,757
I-18 Total expensesPrior year $396,800$389,208
I-19 Revenue less expensesPrior year −$53,265$12,491
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $401,699 across 6 lines filed
VIII-1e Government grants$51,150
VIII-1h Total contributions, gifts and grants$51,150
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $335,320$335,320
VIII-3 Investment incomeExcluded from tax $17$17
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,212$15,212
VIII-12 Total revenueRelated to mission $350,532 · Unrelated business $0 · Excluded from tax $17$401,699
Part IX · Statement of functional expenses $389,208 across 12 lines filed
IX-7 Other salaries and wages$146,137
IX-8 Pension plan contributions$64,972
IX-9 Other employee benefits$32,281
IX-10 Payroll taxes$12,061
IX-11b Legal fees$840
IX-11c Accounting fees$10,275
IX-13 Office expenses$2,558
IX-16 Occupancy$53,913
IX-19 Conferences, conventions and meetings$1,134
IX-22 Depreciation, depletion and amortization$4,875
IX-23 Insurance$4,574
IX-24 Other expenses (24a–d)$55,588
IX-25 Total functional expenses$389,208
Part X · Balance sheet $254,809 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $179,702$195,913
X-4 Accounts receivableStart of year $33,358$28,947
X-9 Prepaid expenses and deferred chargesStart of year $7,210$7,972
X-10c Land, buildings and equipment, netStart of year $21,787$21,977
X-16 Total assetsStart of year $242,057$254,809
X-17 Accounts payable and accrued expensesStart of year $11,946$11,409
X-25 Other liabilitiesStart of year $0$798
X-26 Total liabilitiesStart of year $11,946$12,207
X-32 Total net assets or fund balancesStart of year $230,111$242,602
X-33 Total liabilities and net assetsStart of year $242,057$254,809
Part XI · Reconciliation of net assets $242,602 net assets at year end
XI-1 Total revenue$401,699
XI-2 Total expenses$389,208
XI-3 Revenue less expenses$12,491
XI-4 Net assets at start of year$230,111
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$242,602

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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