Chattanooga Iron Workers Jac Fund

Not tax-deductible

Chattanooga, TN501(c)(5)EIN 62-0756763Revenue $612K in FY2025

On file with the IRS2701 Belle Arbor Ave, 37406-3617 · Chattanooga, TNTax-exempt since Jan 1967

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To provide instruction in trade skills for apprentice craftsmen entering the ironworking trade, and to offer advanced classes for journeymen.

74¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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 $201K a year · 34% 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
28 mo
of spending, in cash
Looks good: 27.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$115K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$612K
-7% vs prior year
Spent
$418K
To programs
74%
Net assets
$1.3M
By yearFY2021–FY2025
Revenue
$612K
FY2025▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2021$391K
FY2022$570K
FY2023$692K
FY2024$659K
FY2025$612K
Expenses
$418K
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$320K
FY2022$351K
FY2023$445K
FY2024$383K
FY2025$418K
Net assets
$1.3M
FY2025▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2021$332K
FY2022$552K
FY2023$798K
FY2024$1.1M
FY2025$1.3M

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

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1967.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $310K Management & general 26% · $108K

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

3 people listed on the 990; $84K 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
Training Director
$84,302Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Phillip Burney$84,302$81,062$78,021$74,072$75,905

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.

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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 and journeymen in ironworking trade skills.

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Provided by the organization

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1 program · $310K · in their own filed words · FY2024
01

To provide instruction in trade skills for apprentice craftsmen entering the ironworking trade, and to offer advanced classes for journeymen.

$310Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$612K
Ln 12
Fees for servicesLn 2g$547K
Investment incomeLn 3$65K
Money outPt IX
$418K
Ln 25
Programscol B$310K
Managementcol C$108K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$971K
Total assetsLn 16$1.4M
LiabilitiesLn 26$115K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$547K
Investment incomeLn 3$65K
Total revenueLn 12$612K
Assets in detailPt X, end of year
CashLn 1$547K
SavingsLn 2$425K
Cash and savings togetherLn 1–2$971K
InvestmentsLn 11–13$367K
Land, buildings, equipmentLn 10c$44K
Other assetsLn 15$217
Total assetsLn 16$1.4M
LiabilitiesLn 26$115K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$763K$971K
InvestmentsLn 11–13$321K$367K
Land, buildings, equipmentLn 10c$49K$44K
Total assetsLn 16$1.1M$1.4M
LiabilitiesLn 26$60K$115K
Net assetsLn 32$1.1M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$88K$88K
Other salaries and wagesLn 7$85K$85K
Pension plan contributionsLn 8$46K$46K
Other employee benefitsLn 9$33K$33K
Payroll taxesLn 10$13K$13K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$15K$15K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$8K$8K
OccupancyLn 16$65K$65K
TravelLn 17$6K$6K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$46K$40K$6K
All other expensesLn 24e$831$831
Total functional expensesLn 25$418K$310K$108K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $612K$418K$195K$1.3M 990 PDF
FY2024 $659K$383K$276K$1.1M 990 PDF
FY2023 $692K$445K$246K$798K 990 PDF
FY2022 $570K$351K$220K$552K 990 PDF
FY2021 $391K$320K$71K$332K 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 $612,159 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $586,871$546,693
I-10 Investment incomePrior year $44,249$65,466
I-11 Other revenuePrior year $27,899$0
I-12 Total revenuePrior year $659,019$612,159
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 $259,743$265,422
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $123,711$152,099
I-18 Total expensesPrior year $383,454$417,521
I-19 Revenue less expensesPrior year $275,565$194,638
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $612,159 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $546,693$546,693
VIII-3 Investment incomeExcluded from tax $65,466$65,466
VIII-12 Total revenueRelated to mission $546,693 · Unrelated business $0 · Excluded from tax $65,466$612,159
Part IX · Statement of functional expenses $417,521 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $87,942$87,942
IX-7 Other salaries and wagesPrograms $85,082$85,082
IX-8 Pension plan contributionsPrograms $46,385$46,385
IX-9 Other employee benefitsPrograms $32,641$32,641
IX-10 Payroll taxesPrograms $13,372$13,372
IX-11b Legal feesManagement $3,038$3,038
IX-11c Accounting feesManagement $15,300$15,300
IX-12 Advertising and promotionManagement $2,401$2,401
IX-13 Office expensesManagement $7,971$7,971
IX-16 OccupancyManagement $64,772$64,772
IX-17 TravelManagement $5,832$5,832
IX-22 Depreciation, depletion and amortizationPrograms $4,427$4,427
IX-23 InsuranceManagement $1,912$1,912
IX-24 Other expenses (24a–d)Programs $39,762 · Management $5,853$45,615
IX-24e All other expensesManagement $831$831
IX-25 Total functional expensesPrograms $309,611 · Management $107,910 · Fundraising $0$417,521
Part X · Balance sheet $1,383,013 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $162,469$546,760
X-2 Savings and temporary cash investmentsStart of year $600,330$424,612
X-10c Land, buildings and equipment, netStart of year $48,853$44,426
X-11 Publicly traded securitiesStart of year $321,437$366,998
X-15 Other assetsStart of year $0$217
X-16 Total assetsStart of year $1,133,089$1,383,013
X-17 Accounts payable and accrued expensesStart of year $19,602$24,155
X-25 Other liabilitiesStart of year $40,000$90,733
X-26 Total liabilitiesStart of year $59,602$114,888
X-27 Net assets without donor restrictionsStart of year $1,073,487$1,268,125
X-32 Total net assets or fund balancesStart of year $1,073,487$1,268,125
X-33 Total liabilities and net assetsStart of year $1,133,089$1,383,013
Part XI · Reconciliation of net assets $1,268,125 net assets at year end
XI-1 Total revenue$612,159
XI-2 Total expenses$417,521
XI-3 Revenue less expenses$194,638
XI-4 Net assets at start of year$1,073,487
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,268,125

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

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