Iron Workers Local Union 380 Training Program Trust FY2022 filing

Not tax-deductible

Urbana, IL501(c)(5)Since 1969Mutual / membership EIN 37-0912111Revenue $338K in FY2022

On file with the IRS1602 Butzow Dr, 61802-2008 · Urbana, ILTax-exempt since Jul 1970

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Established for the purpose of providing Training programs for apprentice ironworkers

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
$5K 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

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
4 of 6
filings with a surplus
Average surplus $79K a year · 30% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
20 mo
of spending, in cash
Looks good: 19.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 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
$338K
+39% vs prior year
Spent
$168K
To programs
100%
Net assets
$649K
By yearFY2020–FY2025
Revenue
$338K
FY2022▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$282K
FY2021$244K
FY2022$338K
FY2023$158K
FY2024$328K
FY2025$223K
Expenses
$168K
FY2022▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$117K
FY2021$183K
FY2022$168K
FY2023$191K
FY2024$208K
FY2025$236K
Net assets
$649K
FY2022▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020$421K
FY2021$491K
FY2022$649K
FY2023$652K
FY2024$816K
FY2025$841K

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 Jul 1970.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $168K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation
$5,491Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jason Koontz$2,041$1,508$5,550$5,491$7,185$4,549
Charles Black$1,346$205————

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 Iron Workers Local Union 380 Training Program Trust 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 apprentice ironworkers for skilled careers.

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Provided by the organization

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1 program · $168K · in their own filed words · FY2022
01

To provide a well rounded program of apprenticeship forpersons desiring to be an ironworker

$168Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$338K
Ln 12
Fees for servicesLn 2g$333K
Investment incomeLn 3$6K
Other incomeLn 4–11$5K
Money outPt IX
$168K
Ln 25
Programscol B$168K
Owns and owesPt X
$649K
net assets · Ln 32
Cash and savingsLn 1–2$278K
Total assetsLn 16$652K
LiabilitiesLn 26$4K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$333K
Investment incomeLn 3$6K
Other incomeLn 4–11$5K
Gains on assetsLn 7−$15K
Total revenueLn 12$338K
Assets in detailPt X, end of year
CashLn 1$225K
SavingsLn 2$53K
Cash and savings togetherLn 1–2$278K
InvestmentsLn 11–13$256K
Land, buildings, equipmentLn 10c$118K
Total assetsLn 16$652K
LiabilitiesLn 26$4K
Net assetsLn 32$649K
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$176K$278K
InvestmentsLn 11–13$186K$256K
Land, buildings, equipmentLn 10c$132K$118K
Total assetsLn 16$494K$652K
LiabilitiesLn 26$3K$4K
Net assetsLn 32$491K$649K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$5K
Other salaries and wagesLn 7$58K
Payroll taxesLn 10$6K
Legal feesLn 11b$428
Accounting feesLn 11c$7K
Investment management feesLn 11f$2K
Advertising and promotionLn 12$393
Office expensesLn 13$2K
OccupancyLn 16$16K
TravelLn 17$16K
Conferences, conventions and meetingsLn 19$98
InterestLn 20$17
Depreciation, depletion and amortizationLn 22$14K
InsuranceLn 23$11K
Other expenses (24a–d)Ln 24$30K
Total functional expensesLn 25$168K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $223K$236K−$13K$841K 990 PDF
FY2024 $328K$208K$121K$816K 990 PDF
FY2023 $158K$191K−$33K$652K 990 PDF
FY2022 Viewing $338K$168K$171K$649K 990 PDF
FY2021 $244K$183K$61K$491K 990 PDF
FY2020 $282K$117K$165K$421K 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 FY2022 990 (6 parts)
Part I · Summary $338,268 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $218,774$332,789
I-10 Investment incomePrior year $6,826−$8,892
I-11 Other revenuePrior year $18,215$14,371
I-12 Total revenuePrior year $243,815$338,268
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 $69,996$69,350
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $112,748$98,240
I-18 Total expensesPrior year $182,744$167,590
I-19 Revenue less expensesPrior year $61,071$170,678
Part VI · Governance 5 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $338,268 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $332,789$332,789
VIII-3 Investment incomeExcluded from tax $6,466$6,466
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$15,358−$15,358
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,371$14,371
VIII-12 Total revenueRelated to mission $347,160 · Unrelated business $0 · Excluded from tax −$8,892$338,268
Part IX · Statement of functional expenses $167,590 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$5,491
IX-7 Other salaries and wages$57,592
IX-10 Payroll taxes$6,267
IX-11b Legal fees$428
IX-11c Accounting fees$6,977
IX-11f Investment management fees$2,138
IX-12 Advertising and promotion$393
IX-13 Office expenses$2,200
IX-16 Occupancy$15,736
IX-17 Travel$15,858
IX-19 Conferences, conventions and meetings$98
IX-20 Interest$17
IX-22 Depreciation, depletion and amortization$13,601
IX-23 Insurance$10,759
IX-24 Other expenses (24a–d)$30,035
IX-25 Total functional expenses$167,590
Part X · Balance sheet $652,413 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $167,613$225,417
X-2 Savings and temporary cash investmentsStart of year $8,116$53,036
X-10c Land, buildings and equipment, netStart of year $131,907$118,305
X-12 Other securitiesStart of year $185,936$255,655
X-16 Total assetsStart of year $493,572$652,413
X-17 Accounts payable and accrued expenses$1,625
X-25 Other liabilitiesStart of year $3,033$1,902
X-26 Total liabilitiesStart of year $3,033$3,527
X-27 Net assets without donor restrictionsStart of year $490,539$648,886
X-32 Total net assets or fund balancesStart of year $490,539$648,886
X-33 Total liabilities and net assetsStart of year $493,572$652,413
Part XI · Reconciliation of net assets $648,886 net assets at year end
XI-1 Total revenue$338,268
XI-2 Total expenses$167,590
XI-3 Revenue less expenses$170,678
XI-4 Net assets at start of year$490,539
XI-5 Net unrealized gains (losses) on investments−$12,331
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$648,886

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

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