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Local 498 Training Program Trust Established for Iron Workers Local FY2022 filing

Not tax-deductible

Rockford, IL501(c)(5)Since 1946EIN 36-2767733Revenue $483K in FY2022

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

Mission: Form 990 Part I, line 1

Before you give

FY2022 · 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
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11K
3% of total assets
Looks good: liabilities are 3% 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
$483K
+20% vs prior year
Spent
$385K
Net assets
$341K
By yearFY2020–FY2025
Revenue
$483K
FY2022▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$344K
FY2021$402K
FY2022$483K
FY2023$484K
FY2024$602K
FY2025$638K
Expenses
$385K
FY2022▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$397K
FY2021$389K
FY2022$385K
FY2023$383K
FY2024$415K
FY2025$588K
Net assets
$341K
FY2022▲ +40%
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 FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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 · FY2022
01

Training and education for the members of ironworkers local 498.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$483K
Ln 12
Fees for servicesLn 2g$409K
Other incomeLn 4–11$63K
Gifts and grantsLn 1h$11K
Money outPt IX
$385K
Ln 25
Owns and owesPt X
$341K
net assets · Ln 32
Cash and savingsLn 1–2$254K
Total assetsLn 16$352K
LiabilitiesLn 26$11K
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$11K
Government grantsLn 1e$11K
Fees for servicesLn 2g$409K
Investment incomeLn 3$108
Other incomeLn 4–11$63K
Total revenueLn 12$483K
Assets in detailPt X, end of year
SavingsLn 2$254K
Cash and savings togetherLn 1–2$254K
Land, buildings, equipmentLn 10c$52K
Total assetsLn 16$352K
LiabilitiesLn 26$11K
Net assetsLn 32$341K
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 FY22End FY22
Cash and savingsLn 1–2$196K$254K
Land, buildings, equipmentLn 10c$22K$52K
Total assetsLn 16$255K$352K
LiabilitiesLn 26$12K$11K
Net assetsLn 32$243K$341K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$145K
Pension plan contributionsLn 8$62K
Other employee benefitsLn 9$29K
Payroll taxesLn 10$12K
Legal feesLn 11b$1K
Accounting feesLn 11c$8K
Office expensesLn 13$3K
OccupancyLn 16$52K
Conferences, conventions and meetingsLn 19$2K
Depreciation, depletion and amortizationLn 22$9K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$58K
Total functional expensesLn 25$385K

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 Viewing $483K$385K$98K$341K 990 PDF
FY2021 $402K$389K$12K$243K 990 PDF
FY2020 $344K$397K−$53K$230K 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 FY2022 990 (6 parts)
Part I · Summary $482,929 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $51,150$10,778
I-9 Program service revenuePrior year $335,320$409,061
I-10 Investment incomePrior year $17$108
I-11 Other revenuePrior year $15,212$62,982
I-12 Total revenuePrior year $401,699$482,929
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 $255,451$248,836
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $133,757$136,145
I-18 Total expensesPrior year $389,208$384,981
I-19 Revenue less expensesPrior year $12,491$97,948
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 $482,929 across 6 lines filed
VIII-1e Government grants$10,778
VIII-1h Total contributions, gifts and grants$10,778
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $409,061$409,061
VIII-3 Investment incomeExcluded from tax $108$108
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $62,982$62,982
VIII-12 Total revenueRelated to mission $472,043 · Unrelated business $0 · Excluded from tax $108$482,929
Part IX · Statement of functional expenses $384,981 across 12 lines filed
IX-7 Other salaries and wages$144,734
IX-8 Pension plan contributions$62,478
IX-9 Other employee benefits$29,491
IX-10 Payroll taxes$12,133
IX-11b Legal fees$1,068
IX-11c Accounting fees$8,175
IX-13 Office expenses$2,650
IX-16 Occupancy$51,790
IX-19 Conferences, conventions and meetings$2,184
IX-22 Depreciation, depletion and amortization$8,698
IX-23 Insurance$3,665
IX-24 Other expenses (24a–d)$57,915
IX-25 Total functional expenses$384,981
Part X · Balance sheet $351,969 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $195,913$254,271
X-4 Accounts receivableStart of year $28,947$37,506
X-9 Prepaid expenses and deferred chargesStart of year $7,972$7,823
X-10c Land, buildings and equipment, netStart of year $21,977$52,369
X-16 Total assetsStart of year $254,809$351,969
X-17 Accounts payable and accrued expensesStart of year $11,409$10,526
X-25 Other liabilitiesStart of year $798$893
X-26 Total liabilitiesStart of year $12,207$11,419
X-32 Total net assets or fund balancesStart of year $242,602$340,550
X-33 Total liabilities and net assetsStart of year $254,809$351,969
Part XI · Reconciliation of net assets $340,550 net assets at year end
XI-1 Total revenue$482,929
XI-2 Total expenses$384,981
XI-3 Revenue less expenses$97,948
XI-4 Net assets at start of year$242,602
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$340,550

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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