Local 63 Educational Trust Fund FY2021 filing

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To provide instruction of professional techniques and standards to apprentice plumbers through a training program.

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
77¢ of each $1 spent went to programs.
$10K 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

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 5
filings with a surplus
Average surplus $42K a year · 13% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
28 mo
of spending, in cash
Looks good: 28.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$34K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 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
$285K
Spent
$236K
To programs
77%
Net assets
$909K
By yearFY2021–FY2025
Revenue
$285K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$285K
FY2022$250K
FY2023$295K
FY2024$349K
FY2025$369K
Expenses
$236K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$236K
FY2022$242K
FY2023$293K
FY2024$273K
FY2025$294K
Net assets
$909K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$909K
FY2022$917K
FY2023$919K
FY2024$995K
FY2025$1.1M

From the FY2021 Form 990 (year ending April 2021) · 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 Oct 1963.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $182K Management & general 23% · $55K

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; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$5,582Pt VII · Sec A
Trustee
$4,247Pt 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Tom Spears$38,888$38,012———
Michael Bouc$5,273$7,904$8,487$7,607$5,582
Don Deakin$865$1,293$1,035$5,006$4,247

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 63 Educational Trust 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 apprentice plumbers in professional techniques and standards.

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Provided by the organization

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1 program · $182K · in their own filed words · FY2020
01

To provide instruction of professional techniques and standards to apprentice plumbers through a training program.

$182Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$285K
Ln 12
Fees for servicesLn 2g$273K
Other incomeLn 4–11$6K
Gifts and grantsLn 1h$5K
Money outPt IX
$236K
Ln 25
Programscol B$182K
Managementcol C$55K
Owns and owesPt X
$909K
net assets · Ln 32
Cash and savingsLn 1–2$553K
Total assetsLn 16$943K
LiabilitiesLn 26$34K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$273K
Investment incomeLn 3$315
Other incomeLn 4–11$6K
Total revenueLn 12$285K
Assets in detailPt X, end of year
SavingsLn 2$553K
Cash and savings togetherLn 1–2$553K
Land, buildings, equipmentLn 10c$362K
Other assetsLn 15$1K
Total assetsLn 16$943K
LiabilitiesLn 26$34K
Net assetsLn 32$909K
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderApril
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 FY21End FY21
Cash and savingsLn 1–2$472K$553K
Land, buildings, equipmentLn 10c$398K$362K
Total assetsLn 16$893K$943K
LiabilitiesLn 26$32K$34K
Net assetsLn 32$861K$909K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$15K$15K
Pay of disqualified personsLn 6$51K$51K
Other salaries and wagesLn 7$17K$17K
Payroll taxesLn 10$7K$5K$1K
Management feesLn 11a$7K$7K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$518$518
Office expensesLn 13$8K$8K
OccupancyLn 16$40K$40K
TravelLn 17$20$20
Conferences, conventions and meetingsLn 19$113$113
Depreciation, depletion and amortizationLn 22$37K$29K$7K
InsuranceLn 23$13K$10K$3K
Other expenses (24a–d)Ln 24$30K$30K
All other expensesLn 24e$50$50
Total functional expensesLn 25$236K$182K$55K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $369K$294K$75K$1.1M 990 PDF
FY2024 $349K$273K$76K$995K 990 PDF
FY2023 $295K$293K$1K$919K 990 PDF
FY2022 $250K$242K$8K$917K 990 PDF
FY2021 Viewing $285K$236K$48K$909K 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 $284,675 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,338$5,000
I-9 Program service revenuePrior year $219,042$273,156
I-10 Investment incomePrior year $885$315
I-11 Other revenuePrior year $22,734$6,204
I-12 Total revenuePrior year $248,999$284,675
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 $99,190$89,405
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $139,533$147,064
I-18 Total expensesPrior year $238,723$236,469
I-19 Revenue less expensesPrior year $10,276$48,206
Part VI · Governance 4 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
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 $284,675 across 6 lines filed
VIII-1f All other contributions, gifts and grants$5,000
VIII-1h Total contributions, gifts and grants$5,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $273,156$273,156
VIII-3 Investment incomeExcluded from tax $315$315
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,204$6,204
VIII-12 Total revenueRelated to mission $279,360 · Unrelated business $0 · Excluded from tax $315$284,675
Part IX · Statement of functional expenses $236,469 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $14,682$14,682
IX-6 Pay of disqualified personsPrograms $50,993$50,993
IX-7 Other salaries and wagesManagement $17,178$17,178
IX-10 Payroll taxesPrograms $5,238 · Management $1,314$6,552
IX-11a Management feesManagement $7,200$7,200
IX-11b Legal feesManagement $3,588$3,588
IX-11c Accounting feesManagement $7,100$7,100
IX-11g Other fees for servicesManagement $518$518
IX-13 Office expensesManagement $7,929$7,929
IX-16 OccupancyPrograms $40,490$40,490
IX-17 TravelManagement $20$20
IX-19 Conferences, conventions and meetingsManagement $113$113
IX-22 Depreciation, depletion and amortizationPrograms $29,486 · Management $7,372$36,858
IX-23 InsurancePrograms $10,281 · Management $2,570$12,851
IX-24 Other expenses (24a–d)Programs $30,347$30,347
IX-24e All other expensesPrograms $50$50
IX-25 Total functional expensesPrograms $181,567 · Management $54,902 · Fundraising $0$236,469
Part X · Balance sheet $943,339 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $472,402$553,230
X-4 Accounts receivableStart of year $15,577$20,951
X-9 Prepaid expenses and deferred chargesStart of year $4,734$5,765
X-10c Land, buildings and equipment, netStart of year $397,858$362,043
X-15 Other assetsStart of year $2,030$1,350
X-16 Total assetsStart of year $892,601$943,339
X-17 Accounts payable and accrued expensesStart of year $31,707$34,239
X-26 Total liabilitiesStart of year $31,707$34,239
X-27 Net assets without donor restrictionsStart of year $860,894$909,100
X-32 Total net assets or fund balancesStart of year $860,894$909,100
X-33 Total liabilities and net assetsStart of year $892,601$943,339
Part XI · Reconciliation of net assets $909,100 net assets at year end
XI-1 Total revenue$284,675
XI-2 Total expenses$236,469
XI-3 Revenue less expenses$48,206
XI-4 Net assets at start of year$860,894
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$909,100

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

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