Ironworkers Local 392 Apprentice- Ship Fund FY2022 filing

Not tax-deductible

East St Louis, IL501(c)(5)EIN 37-1239637Revenue $463K in FY2022

On file with the IRS2995 Kingshighway, 62201-2436 · East St Louis, ILTax-exempt since Jun 1989

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Operate Apprentice school for ironworking trade

85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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
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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$49K
2% of total assets
Looks good: liabilities are 2% 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
$463K
+8% vs prior year
Spent
$664K
To programs
85%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$463K
FY2022▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$336K
FY2021$431K
FY2022$463K
FY2023$394K
FY2024$515K
FY2025$648K
Expenses
$664K
FY2022▲ +47%
Tap a bar for its year
Expenses by fiscal year
FY2020$351K
FY2021$452K
FY2022$664K
FY2023$612K
FY2024$564K
FY2025$535K
Net assets
$2.7M
FY2022▼ -22%
Tap a bar for its year
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 FY2022 Form 990 (year ending August 2022) · see the original

Form 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 Jun 1989.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $566K Management & general 15% · $98K

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 (FY2021); the FY2022 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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.

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Provided by the organization

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1 program · $566K · in their own filed words · FY2021
01

Training and related costs for education & students

$566Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$463K
Ln 12
Investment incomeLn 3$229K
Fees for servicesLn 2g$227K
Other incomeLn 4–11$7K
Money outPt IX
$664K
Ln 25
Programscol B$566K
Managementcol C$98K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$2.7M
LiabilitiesLn 26$49K
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$227K
Investment incomeLn 3$229K
Other incomeLn 4–11$7K
Gains on assetsLn 7$60K
Total revenueLn 12$463K
Assets in detailPt X, end of year
CashLn 1$100
SavingsLn 2$79K
Cash and savings togetherLn 1–2$79K
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$337K
Other assetsLn 15$1K
Total assetsLn 16$2.7M
LiabilitiesLn 26$49K
Net assetsLn 32$2.7M
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 FY22End FY22
Cash and savingsLn 1–2$159K$79K
InvestmentsLn 11–13$2.9M$2.3M
Land, buildings, equipmentLn 10c$302K$337K
Total assetsLn 16$3.4M$2.7M
LiabilitiesLn 26$5K$49K
Net assetsLn 32$3.4M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$281K$240K$40K
Pension plan contributionsLn 8$62K$62K
Payroll taxesLn 10$29K$29K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$15K$15K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$8K$8K
OccupancyLn 16$63K$63K
Conferences, conventions and meetingsLn 19$23K$23K
Depreciation, depletion and amortizationLn 22$54K$54K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$90K$90K
All other expensesLn 24e$478$478
Total functional expensesLn 25$664K$566K$98K$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 Viewing $463K$664K−$201K$2.7M 990 PDF
FY2021 $431K$452K−$22K$3.4M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $463,370 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $190,700$226,967
I-10 Investment incomePrior year $157,507$229,091
I-11 Other revenuePrior year $82,384$7,312
I-12 Total revenuePrior year $430,591$463,370
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 $224,544$371,612
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $227,823$292,650
I-18 Total expensesPrior year $452,367$664,262
I-19 Revenue less expensesPrior year −$21,776−$200,892
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 $463,370 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $226,967$226,967
VIII-3 Investment incomeRelated to mission $168,951$168,951
VIII-7 Net gain or loss on sales of assetsRelated to mission $60,140$60,140
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,312$7,312
VIII-12 Total revenueRelated to mission $463,370 · Unrelated business $0 · Excluded from tax $0$463,370
Part IX · Statement of functional expenses $664,262 across 14 lines filed
IX-7 Other salaries and wagesPrograms $240,371 · Management $40,373$280,744
IX-8 Pension plan contributionsPrograms $61,929$61,929
IX-10 Payroll taxesPrograms $28,939$28,939
IX-11b Legal feesManagement $5,243$5,243
IX-11c Accounting feesManagement $12,080$12,080
IX-11f Investment management feesManagement $15,390$15,390
IX-12 Advertising and promotionPrograms $5,182$5,182
IX-13 Office expensesManagement $8,109$8,109
IX-16 OccupancyPrograms $62,883$62,883
IX-19 Conferences, conventions and meetingsPrograms $22,740$22,740
IX-22 Depreciation, depletion and amortizationPrograms $53,891$53,891
IX-23 InsuranceManagement $16,474$16,474
IX-24 Other expenses (24a–d)Programs $90,180$90,180
IX-24e All other expensesManagement $478$478
IX-25 Total functional expensesPrograms $566,115 · Management $98,147 · Fundraising $0$664,262
Part X · Balance sheet $2,744,153 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $100$100
X-2 Savings and temporary cash investmentsStart of year $159,006$78,882
X-4 Accounts receivableStart of year $53,855$27,392
X-9 Prepaid expenses and deferred chargesStart of year $4,874$8,100
X-10c Land, buildings and equipment, netStart of year $301,893$337,085
X-11 Publicly traded securitiesStart of year $1,348,698$1,115,387
X-12 Other securitiesStart of year $1,568,900$1,175,820
X-15 Other assetsStart of year $2,938$1,387
X-16 Total assetsStart of year $3,440,264$2,744,153
X-17 Accounts payable and accrued expensesStart of year $4,593$49,451
X-26 Total liabilitiesStart of year $4,593$49,451
X-27 Net assets without donor restrictionsStart of year $3,435,671$2,694,702
X-32 Total net assets or fund balancesStart of year $3,435,671$2,694,702
X-33 Total liabilities and net assetsStart of year $3,440,264$2,744,153
Part XI · Reconciliation of net assets $2,694,702 net assets at year end
XI-1 Total revenue$463,370
XI-2 Total expenses$664,262
XI-3 Revenue less expenses−$200,892
XI-4 Net assets at start of year$3,435,671
XI-5 Net unrealized gains (losses) on investments−$540,077
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,694,702

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

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