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Ironworkers Local 392 Apprentice- Ship Fund FY2020 filing

Not tax-deductible

East St Louis, IL501(c)(5)EIN 37-1239637

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Operate Apprentice school for ironworking trade

83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
1 of 6
filings with a surplus
Average deficit $65K a year · 14% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.06% of total assets
Looks good: liabilities are 0% 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
$336K
Spent
$351K
To programs
83%
Net assets
$3.1M
By yearFY2020–FY2025
Revenue
$336K
FY2020
Revenue by fiscal year
FY2020$336K
FY2021$431K
FY2022$463K
FY2023$394K
FY2024$515K
FY2025$648K
Expenses
$351K
FY2020
Expenses by fiscal year
FY2020$351K
FY2021$452K
FY2022$664K
FY2023$612K
FY2024$564K
FY2025$535K
Net assets
$3.1M
FY2020
Net assets by fiscal year
FY2020$3.1M
FY2021$3.4M
FY2022$2.7M
FY2023$2.6M
FY2024$2.8M
FY2025$2.9M

From the FY2020 Form 990 (year ending August 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Jun 1989.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $290K Management & general 17% · $60K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
John Schmitt
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Casey Lodge
Director
$0Pt VII · Sec A
Kim Rasnick
Director
$0Pt VII · Sec A
See Ironworkers Local 392 Apprentice- Ship Fund 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 in the ironworking trade.

Provided by the organization

This section is blank until Ironworkers Local 392 Apprentice- Ship Fund claims this page.

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1 program service account for $290K of program spending, described in the organization's own filed words · FY2019.
01

Training and related costs for education & students

$290Kprogram expense

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By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$336K
Ln 12
Fees for servicesLn 2g$157K
Investment incomeLn 3$136K
Other incomeLn 4–11$42K
Money outPt IX
$351K
Ln 25
Programscol B$290K
Managementcol C$60K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$3.1M
LiabilitiesLn 26$2K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$157K
Investment incomeLn 3$136K
Other incomeLn 4–11$42K
Gains on assetsLn 7$20K
Total revenueLn 12$336K
Assets in detailPt X, end of year
CashLn 1$100
SavingsLn 2$50K
Cash and savings togetherLn 1–2$51K
InvestmentsLn 11–13$2.7M
Land, buildings, equipmentLn 10c$342K
Other assetsLn 15$4K
Total assetsLn 16$3.1M
LiabilitiesLn 26$2K
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 59
VolunteersI 60
Fiscal year endsHeaderAugust
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 FY20End FY20
Cash and savingsLn 1–2$51K$51K
InvestmentsLn 11–13$2.7M$2.7M
Land, buildings, equipmentLn 10c$298K$342K
Total assetsLn 16$3.1M$3.1M
LiabilitiesLn 26$1K$2K
Net assetsLn 32$3.1M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$143K$126K$18K
Payroll taxesLn 10$15K$15K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$7K$7K
Investment management feesLn 11f$13K$13K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$7K$7K
OccupancyLn 16$50K$50K
TravelLn 17$198$198
Conferences, conventions and meetingsLn 19$21K$21K
Depreciation, depletion and amortizationLn 22$39K$39K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$37K$36K$330
Total functional expensesLn 25$351K$290K$60K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $648K$535K$113K$2.9M 990 PDF
FY2024 $515K$564K−$49K$2.8M 990 PDF
FY2023 $394K$612K−$218K$2.6M 990 PDF
FY2022 $463K$664K−$201K$2.7M 990 PDF
FY2021 $431K$452K−$22K$3.4M 990 PDF
FY2020 Viewing $336K$351K−$15K$3.1M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $335,722 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $157,286$157,286
VIII-3 Investment incomeRelated to mission $115,922$115,922
VIII-7 Net gain or loss on sales of assetsRelated to mission $20,113$20,113
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $42,401$42,401
VIII-12 Total revenueRelated to mission $335,722 · Unrelated business $0 · Excluded from tax $0$335,722
Part IX · Statement of functional expenses $350,546 across 13 lines filed
IX-7 Other salaries and wagesPrograms $125,664 · Management $17,741$143,405
IX-10 Payroll taxesPrograms $15,219$15,219
IX-11b Legal feesManagement $3,719$3,719
IX-11c Accounting feesManagement $7,300$7,300
IX-11f Investment management feesManagement $12,809$12,809
IX-12 Advertising and promotionPrograms $3,468$3,468
IX-13 Office expensesManagement $7,014$7,014
IX-16 OccupancyPrograms $49,760$49,760
IX-17 TravelPrograms $198$198
IX-19 Conferences, conventions and meetingsPrograms $20,827$20,827
IX-22 Depreciation, depletion and amortizationPrograms $38,916$38,916
IX-23 InsuranceManagement $11,194$11,194
IX-24 Other expenses (24a–d)Programs $36,387 · Management $330$36,717
IX-25 Total functional expensesPrograms $290,439 · Management $60,107 · Fundraising $0$350,546
Part X · Balance sheet $3,138,255 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $100$100
X-2 Savings and temporary cash investmentsStart of year $51,264$50,407
X-4 Accounts receivableStart of year $35,562$15,099
X-9 Prepaid expenses and deferred chargesStart of year $4,994$5,263
X-10c Land, buildings and equipment, netStart of year $298,370$342,076
X-11 Publicly traded securitiesStart of year $1,891,849$1,926,904
X-12 Other securitiesStart of year $790,859$794,192
X-15 Other assetsStart of year $5,266$4,214
X-16 Total assetsStart of year $3,078,264$3,138,255
X-17 Accounts payable and accrued expensesStart of year $1,462$1,794
X-26 Total liabilitiesStart of year $1,462$1,794
X-27 Net assets without donor restrictionsStart of year $3,076,802$3,136,461
X-32 Total net assets or fund balancesStart of year $3,076,802$3,136,461
X-33 Total liabilities and net assetsStart of year $3,078,264$3,138,255
Part XI · Reconciliation of net assets $3,136,461 net assets at year end
XI-1 Total revenue$335,722
XI-2 Total expenses$350,546
XI-3 Revenue less expenses−$14,824
XI-4 Net assets at start of year$3,076,802
XI-5 Net unrealized gains (losses) on investments$74,483
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,136,461

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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