Local 63 Educational Trust Fund FY2024 filing

Not tax-deductible

Indianapolis, IN501(c)(5)Mutual / membership EIN 37-6033209Revenue $349K in FY2024Latest return filed Feb 25, 2026

On file with the IRSPo Box 68994, 46268-0994 · Indianapolis, INTax-exempt since Oct 1963

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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.
71¢ of each $1 spent went to programs.
$47K 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

FY2024 · 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
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$47K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
31 mo
of spending, in cash
Looks good: 31.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
0.7% of total assets
Looks good: liabilities are 1% 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
$349K
+18% vs prior year
Spent
$273K
To programs
71%
Net assets
$995K
By yearFY2021–FY2025
Revenue
$349K
FY2024▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2021$285K
FY2022$250K
FY2023$295K
FY2024$349K
FY2025$369K
Expenses
$273K
FY2024▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2021$236K
FY2022$242K
FY2023$293K
FY2024$273K
FY2025$294K
Net assets
$995K
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2021$909K
FY2022$917K
FY2023$919K
FY2024$995K
FY2025$1.1M

From the FY2024 Form 990 (year ending April 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 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

71 cents of each dollar spent went to programs.

Program services 71% · $194K Management & general 29% · $78K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990; $47K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Training Coordinator
$38,012Pt VII · Sec A
$7,904Pt VII · Sec A
Trustee
$1,293Pt 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 →

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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1 program · $194K · in their own filed words · FY2023
01

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

$194Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$349K
Ln 12
Fees for servicesLn 2g$342K
Investment incomeLn 3$6K
Other incomeLn 4–11$701
Money outPt IX
$273K
Ln 25
Programscol B$194K
Managementcol C$78K
Owns and owesPt X
$995K
net assets · Ln 32
Cash and savingsLn 1–2$711K
Total assetsLn 16$1.0M
LiabilitiesLn 26$7K
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$342K
Investment incomeLn 3$6K
Other incomeLn 4–11$701
Total revenueLn 12$349K
Assets in detailPt X, end of year
SavingsLn 2$711K
Cash and savings togetherLn 1–2$711K
Land, buildings, equipmentLn 10c$254K
Other assetsLn 15$3K
Total assetsLn 16$1.0M
LiabilitiesLn 26$7K
Net assetsLn 32$995K
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 FY24End FY24
Cash and savingsLn 1–2$604K$711K
Land, buildings, equipmentLn 10c$290K$254K
Total assetsLn 16$929K$1.0M
LiabilitiesLn 26$10K$7K
Net assetsLn 32$919K$995K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$10K$10K
Other salaries and wagesLn 7$103K$85K$18K
Payroll taxesLn 10$10K$8K$2K
Management feesLn 11a$7K$7K
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$390$390
Office expensesLn 13$13K$13K
OccupancyLn 16$18K$18K
TravelLn 17$5K$5K
Depreciation, depletion and amortizationLn 22$36K$30K$6K
InsuranceLn 23$14K$12K$2K
Other expenses (24a–d)Ln 24$29K$29K
All other expensesLn 24e$4K$2K$2K
Total functional expensesLn 25$273K$194K$78K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 25, 2026 $369K$294K$75K$1.1M 990 PDF
FY2024 ViewingFiled with the IRS Jan 26, 2025 $349K$273K$76K$995K 990 PDF
FY2023Filed with the IRS Nov 10, 2023 $295K$293K$1K$919K 990 PDF
FY2022Filed with the IRS Mar 9, 2023 $250K$242K$8K$917K 990 PDF
FY2021Filed with the IRS Mar 2, 2022 $285K$236K$48K$909K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $348,564 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,500$0
I-9 Program service revenuePrior year $287,738$341,566
I-10 Investment incomePrior year $764$6,297
I-11 Other revenuePrior year $670$701
I-12 Total revenuePrior year $294,672$348,564
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 $118,432$122,698
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $174,785$149,805
I-18 Total expensesPrior year $293,217$272,503
I-19 Revenue less expensesPrior year $1,455$76,061
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 $348,564 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $341,566$341,566
VIII-3 Investment incomeExcluded from tax $6,297$6,297
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $701$701
VIII-12 Total revenueRelated to mission $342,267 · Unrelated business $0 · Excluded from tax $6,297$348,564
Part IX · Statement of functional expenses $272,503 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $10,374$10,374
IX-7 Other salaries and wagesPrograms $84,514 · Management $18,008$102,522
IX-10 Payroll taxesPrograms $8,234 · Management $1,568$9,802
IX-11a Management feesManagement $7,200$7,200
IX-11b Legal feesManagement $15,888$15,888
IX-11c Accounting feesManagement $7,350$7,350
IX-11g Other fees for servicesManagement $390$390
IX-13 Office expensesManagement $13,089$13,089
IX-16 OccupancyPrograms $18,001$18,001
IX-17 TravelManagement $5,282$5,282
IX-22 Depreciation, depletion and amortizationPrograms $29,890 · Management $5,672$35,562
IX-23 InsurancePrograms $11,610 · Management $2,203$13,813
IX-24 Other expenses (24a–d)Programs $29,265$29,265
IX-24e All other expensesPrograms $2,420 · Management $1,545$3,965
IX-25 Total functional expensesPrograms $194,308 · Management $78,195 · Fundraising $0$272,503
Part X · Balance sheet $1,001,408 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $603,781$711,327
X-4 Accounts receivableStart of year $23,295$24,470
X-9 Prepaid expenses and deferred chargesStart of year $9,202$8,730
X-10c Land, buildings and equipment, netStart of year $289,799$254,237
X-15 Other assetsStart of year $2,438$2,644
X-16 Total assetsStart of year $928,515$1,001,408
X-17 Accounts payable and accrued expensesStart of year $9,694$6,526
X-26 Total liabilitiesStart of year $9,694$6,526
X-27 Net assets without donor restrictionsStart of year $918,821$994,882
X-32 Total net assets or fund balancesStart of year $918,821$994,882
X-33 Total liabilities and net assetsStart of year $928,515$1,001,408
Part XI · Reconciliation of net assets $994,882 net assets at year end
XI-1 Total revenue$348,564
XI-2 Total expenses$272,503
XI-3 Revenue less expenses$76,061
XI-4 Net assets at start of year$918,821
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$994,882

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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