Mo-Kan Iron Workers Apprentice Fund FY2024 filing

Bloomington, MNMutual-benefit / member-servingEIN 43-6130597

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To train Iron worker apprentices

$509K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
3 of 6
filings with a surplus
Average surplus $153K a year · 10% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$509K
to officers and key staff · 36% of spending
Concern: pay to officers and key staff is 36% of spending; over 30%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$34K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+56% vs prior year
Spent
$1.4M
Net assets
$2.4M
By yearFY2020–FY2025
Revenue
$2.2M
FY2024▲ +56%
Revenue by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.1M
FY2023$1.4M
FY2024$2.2M
FY2025$2.2M
Expenses
$1.4M
FY2024▲ +9%
Expenses by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.4M
FY2023$1.3M
FY2024$1.4M
FY2025$1.5M
Net assets
$2.4M
FY2024▲ +49%
Net assets by fiscal year
FY2020$2.0M
FY2021$1.7M
FY2022$1.3M
FY2023$1.6M
FY2024$2.4M
FY2025$3.1M

From the FY2024 Form 990 (year ending April 2024) · figures checked against the IRS filing · see the original

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 Aug 1964.

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

Who runs it and what they're paid

9 people listed on the 990; $509K 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
Instructor/Training Direct
$163,670Pt VII · Sec A
Instructor
$117,976Pt VII · Sec A
Instructor
$113,686Pt VII · Sec A
Instructor
$113,686Pt 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Robert Kanatzar III$168,675$163,670$160,030$156,845$155,680$125,811
Gerald Eckstein$121,908—————
Gerard Eckstein—$117,976$115,116$112,613$111,755$106,857
Jeremy Jackson$117,618$113,686$110,826$108,323$107,181—
James Tyson$117,618$113,686$110,826———
Clarence Devol————$105,774—
Brian Garrett—————$98,818

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 Mo-Kan Iron Workers Apprentice 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 15aYes

Programs and updates

Trains iron worker apprentices for skilled careers.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2023.
01

The plan provided training for apprentices performing work under the jurisdiction of local #10 - international association of bridge, structural, ornamental, and reinforcing iron workers.

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$2.1M
Gifts and grantsLn 1h$54K
Investment incomeLn 3$11K
Money outPt IX
$1.4M
Ln 25
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$2.4M
LiabilitiesLn 26$34K
PeoplePt VI, VII
9
listed · VII A
PaidVII A4
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$54K
Government grantsLn 1e$54K
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$11K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$342K
SavingsLn 2$675K
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$53K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$3K
Total assetsLn 16$2.4M
LiabilitiesLn 26$34K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 511
VolunteersI 66
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$279K$1.0M
InvestmentsLn 11–13$53K$53K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.6M$2.4M
LiabilitiesLn 26$50K$34K
Net assetsLn 32$1.6M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$515K
Other salaries and wagesLn 7$94K
Pension plan contributionsLn 8$252K
Other employee benefitsLn 9$134K
Payroll taxesLn 10$42K
Legal feesLn 11b$18K
Accounting feesLn 11c$18K
Office expensesLn 13$23K
OccupancyLn 16$26K
TravelLn 17$10K
Conferences, conventions and meetingsLn 19$20K
Depreciation, depletion and amortizationLn 22$44K
InsuranceLn 23$32K
Other expenses (24a–d)Ln 24$175K
All other expensesLn 24e$3K
Total functional expensesLn 25$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$1.5M$763K$3.1M 990 PDF
FY2024 Viewing $2.2M$1.4M$786K$2.4M 990 PDF
FY2023 $1.4M$1.3M$114K$1.6M 990 PDF
FY2022 $1.1M$1.4M−$341K$1.3M 990 PDF
FY2021 $1.1M$1.4M−$335K$1.7M 990 PDF
FY2020 $1.2M$1.3M−$70K$2.0M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,191,913 across 5 lines filed
VIII-1e Government grants$54,024
VIII-1h Total contributions, gifts and grants$54,024
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,126,862$2,126,862
VIII-3 Investment incomeExcluded from tax $11,027$11,027
VIII-12 Total revenueRelated to mission $2,126,862 · Unrelated business $0 · Excluded from tax $11,027$2,191,913
Part IX · Statement of functional expenses $1,405,948 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$514,919
IX-7 Other salaries and wages$93,823
IX-8 Pension plan contributions$251,846
IX-9 Other employee benefits$133,997
IX-10 Payroll taxes$42,081
IX-11b Legal fees$18,417
IX-11c Accounting fees$17,603
IX-13 Office expenses$22,633
IX-16 Occupancy$25,582
IX-17 Travel$9,773
IX-19 Conferences, conventions and meetings$20,434
IX-22 Depreciation, depletion and amortization$44,472
IX-23 Insurance$32,456
IX-24 Other expenses (24a–d)$175,242
IX-24e All other expenses$2,670
IX-25 Total functional expenses$1,405,948
Part X · Balance sheet $2,406,807 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $214,317$342,321
X-2 Savings and temporary cash investmentsStart of year $65,180$675,411
X-4 Accounts receivableStart of year $226,239$247,921
X-10c Land, buildings and equipment, netStart of year $1,075,448$1,085,016
X-11 Publicly traded securitiesStart of year $52,804$53,138
X-15 Other assetsStart of year $3,000$3,000
X-16 Total assetsStart of year $1,636,988$2,406,807
X-17 Accounts payable and accrued expensesStart of year $16,036$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $33,816$34,130
X-26 Total liabilitiesStart of year $49,852$34,130
X-32 Total net assets or fund balancesStart of year $1,587,136$2,372,677
X-33 Total liabilities and net assetsStart of year $1,636,988$2,406,807
Part XI · Reconciliation of net assets $2,372,677 net assets at year end
XI-1 Total revenue$2,191,913
XI-2 Total expenses$1,405,948
XI-3 Revenue less expenses$785,965
XI-4 Net assets at start of year$1,587,136
XI-5 Net unrealized gains (losses) on investments−$424
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,372,677

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

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