Umwa-Bcoa Training and Education Fund

Not tax-deductible

Triangle, VAMutual-benefit / member-servingMutual / membership EIN 52-1599698Revenue $501K in FY2025

On file with the IRSumwa-bcoa.com18354 Quantico Gateway Dr Ste 200, 22172-1779 · Triangle, VATax-exempt since Jul 1989

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To provide financial assistance for training and education for unemployed UMWA and NBCWA workers and their family members under a collective bargaining agreement.

$50K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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 4
filings with a surplus
Average deficit $205K a year · 50% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Pay to officers and key staff
$50K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $5.7M in investments, Pt X · Ln 11–13
Fine: 0.5 months of spending in cash, plus $5.7M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$501K
+54% vs prior year
Spent
$1.1M
Net assets
$5.7M
By yearFY2021–FY2025
Revenue
$501K
FY2025▲ +54%
Tap a bar for its year
Revenue by fiscal year
FY2021$436K
FY2023$361K
FY2024$326K
FY2025$501K
Expenses
$1.1M
FY2025▲ +104%
Tap a bar for its year
Expenses by fiscal year
FY2021$328K
FY2023$543K
FY2024$517K
FY2025$1.1M
Net assets
$5.7M
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2021$6.8M
FY2023$6.0M
FY2024$6.0M
FY2025$5.7M

From the FY2025 Form 990 (year ending January 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1989.

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

Who runs it and what they're paid

2 people listed on the 990; $50K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chairman/Union Trustee
$25,000Pt VII · Sec A
Employer Trustee
$25,000Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2021
Jerry D Jones$25,000$25,000$25,000$25,000
Thomas C Means$25,000$25,000$25,000$25,000

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 Umwa-Bcoa Training and Education 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

Offers financial aid for training and education to unemployed union workers and their families.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The fund provided education assistance to unemployed workers, and family dependents of active or unemployed workers, in the bituminous coal industry represented by umwa, to assist the individuals in securing employment outside the industry.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$501K
Ln 12
Investment incomeLn 3$501K
Money outPt IX
$1.1M
Ln 25
Owns and owesPt X
$5.7M
net assets · Ln 32
Cash and savingsLn 1–2$46K
Total assetsLn 16$5.8M
LiabilitiesLn 26$25K
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$501K
Gains on assetsLn 7$339K
Total revenueLn 12$501K
Assets in detailPt X, end of year
CashLn 1$46K
SavingsLn 2$0
Cash and savings togetherLn 1–2$46K
InvestmentsLn 11–13$5.7M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$5.8M
LiabilitiesLn 26$25K
Net assetsLn 32$5.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJanuary
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$0$46K
InvestmentsLn 11–13$6.1M$5.7M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$6.1M$5.8M
LiabilitiesLn 26$89K$25K
Net assetsLn 32$6.0M$5.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$601K
Pay of current officers, directors and key staffLn 5$50K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$129K
Accounting feesLn 11c$28K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$14K
Other fees for servicesLn 11g$69K
Advertising and promotionLn 12$0
Office expensesLn 13$18K
Information technologyLn 14$84K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$13K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$175
Other expenses (24a–d)Ln 24$50K
Total functional expensesLn 25$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $501K$1.1M−$553K$5.7M 990 PDF
FY2024 $326K$517K−$191K$6.0M 990 PDF
FY2023 $361K$543K−$182K$6.0M 990 PDF
FY2022 Not on file
FY2021 $436K$328K$108K$6.8M 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 FY2025 990 (6 parts)
Part I · Summary $501,487 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $326,001$501,487
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $326,001$501,487
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $240,616$600,606
I-15 Salaries and benefitsPrior year $50,000$50,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $226,722$404,356
I-18 Total expensesPrior year $517,338$1,054,962
I-19 Revenue less expensesPrior year −$191,337−$553,475
Part VI · Governance 0 of 2 board members independent, 2 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $501,487 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $162,773$162,773
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $338,714$338,714
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueUnrelated business $0 · Excluded from tax $501,487$501,487
Part IX · Statement of functional expenses $1,054,962 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$600,606
IX-5 Pay of current officers, directors and key staff$50,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$129,316
IX-11c Accounting fees$28,000
IX-11d Lobbying fees$0
IX-11f Investment management fees$13,523
IX-11g Other fees for services$68,633
IX-12 Advertising and promotion$0
IX-13 Office expenses$18,364
IX-14 Information technology$83,554
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$12,811
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$175
IX-24 Other expenses (24a–d)$49,980
IX-25 Total functional expenses$1,054,962
Part X · Balance sheet $5,774,964 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $0$45,829
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $1,205$59,347
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $6,111,837$5,669,788
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $6,113,042$5,774,964
X-17 Accounts payable and accrued expensesStart of year $78,389$24,466
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $872$872
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $9,741$0
X-26 Total liabilitiesStart of year $89,002$25,338
X-32 Total net assets or fund balancesStart of year $6,024,040$5,749,626
X-33 Total liabilities and net assetsStart of year $6,113,042$5,774,964
Part XI · Reconciliation of net assets $5,749,626 net assets at year end
XI-1 Total revenue$501,487
XI-2 Total expenses$1,054,962
XI-3 Revenue less expenses−$553,475
XI-4 Net assets at start of year$6,024,040
XI-5 Net unrealized gains (losses) on investments$279,061
XI-10 Net assets at end of year$5,749,626

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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