Birmingham Ironworkers Training Program Trust FY2024 filing

Not tax-deductible

Birmingham, AL501(c)(5)Since 1950EIN 63-0419881

Training of ironworkers apprentices to become skilled journeymen in their trade.

$95K 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
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $168K a year · 36% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$95K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
29 mo
of spending, in cash
Looks good: 28.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$537K
+26% vs prior year
Spent
$635K
To programs
0%
Net assets
$2.1M
By yearFY2021–FY2024
Revenue
$537K
FY2024▲ +26%
Revenue by fiscal year
FY2021$371K
FY2022$509K
FY2023$427K
FY2024$537K
FY2024$725K
Expenses
$635K
FY2024▲ +14%
Expenses by fiscal year
FY2021$705K
FY2022$616K
FY2023$559K
FY2024$635K
FY2024$684K
Net assets
$2.1M
FY2024▼ -4%
Net assets by fiscal year
FY2021$2.5M
FY2022$2.4M
FY2023$2.2M
FY2024$2.1M
FY2024$2.2M

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

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1961.

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

Who runs it and what they're paid

8 people listed on the 990; $95K 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
Coordinator
$95,190Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee - PA
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022FY2021
Thomas Mathis$100,656$95,190$92,387$89,646$85,736

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 ironworker apprentices to become skilled journeymen.

Provided by the organization

This section is blank until Birmingham Ironworkers Training Program Trust claims this page.

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

Training of ironworker apprentices to become skilled journeymen in their trade.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$537K
Ln 12
Fees for servicesLn 2g$388K
Gifts and grantsLn 1h$69K
Investment incomeLn 3$69K
Money outPt IX
$635K
Ln 25
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$2.2M
LiabilitiesLn 26$7K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$69K
Government grantsLn 1e$40K
Fees for servicesLn 2g$388K
Investment incomeLn 3$69K
Other incomeLn 4–11$10K
Total revenueLn 12$537K
Assets in detailPt X, end of year
CashLn 1$115K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$325K
Land, buildings, equipmentLn 10c$308K
Total assetsLn 16$2.2M
LiabilitiesLn 26$7K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 59
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 FY24End FY24
Cash and savingsLn 1–2$1.6M$1.5M
InvestmentsLn 11–13$287K$325K
Land, buildings, equipmentLn 10c$369K$308K
Total assetsLn 16$2.3M$2.2M
LiabilitiesLn 26$9K$7K
Net assetsLn 32$2.2M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$127K
Other salaries and wagesLn 7$177K
Pension plan contributionsLn 8$35K
Other employee benefitsLn 9$39K
Payroll taxesLn 10$24K
Legal feesLn 11b$4K
Accounting feesLn 11c$7K
Investment management feesLn 11f$703
Office expensesLn 13$22K
OccupancyLn 16$28K
TravelLn 17$18K
Conferences, conventions and meetingsLn 19$14K
Depreciation, depletion and amortizationLn 22$75K
InsuranceLn 23$8K
Other expenses (24a–d)Ln 24$50K
All other expensesLn 24e$6K
Total functional expensesLn 25$635K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $537K$635K−$98K$2.1M 990 PDF
FY2023 $427K$559K−$132K$2.2M 990 PDF
FY2022 $509K$616K−$107K$2.4M 990 PDF
FY2021 $371K$705K−$334K$2.5M 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 $536,718 across 7 lines filed
VIII-1d Related organizations$29,860
VIII-1e Government grants$39,546
VIII-1h Total contributions, gifts and grants$69,406
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $387,673$387,673
VIII-3 Investment incomeRelated to mission $69,253$69,253
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,386$10,386
VIII-12 Total revenueRelated to mission $467,312$536,718
Part IX · Statement of functional expenses $634,540 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$127,093
IX-7 Other salaries and wages$177,462
IX-8 Pension plan contributions$34,937
IX-9 Other employee benefits$39,262
IX-10 Payroll taxes$23,849
IX-11b Legal fees$4,340
IX-11c Accounting fees$7,250
IX-11f Investment management fees$703
IX-13 Office expenses$21,690
IX-16 Occupancy$28,135
IX-17 Travel$17,643
IX-19 Conferences, conventions and meetings$13,768
IX-22 Depreciation, depletion and amortization$74,663
IX-23 Insurance$7,586
IX-24 Other expenses (24a–d)$50,261
IX-24e All other expenses$5,898
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$634,540
Part X · Balance sheet $2,154,790 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $154,296$115,203
X-2 Savings and temporary cash investmentsStart of year $1,443,359$1,405,697
X-9 Prepaid expenses and deferred chargesStart of year $170$170
X-10c Land, buildings and equipment, netStart of year $368,891$308,277
X-11 Publicly traded securitiesStart of year $287,232$325,443
X-16 Total assetsStart of year $2,253,948$2,154,790
X-17 Accounts payable and accrued expensesStart of year $8,508$7,172
X-26 Total liabilitiesStart of year $8,508$7,172
X-27 Net assets without donor restrictionsStart of year $2,245,440$2,147,618
X-32 Total net assets or fund balancesStart of year $2,245,440$2,147,618
X-33 Total liabilities and net assetsStart of year $2,253,948$2,154,790
Part XI · Reconciliation of net assets $2,147,618 net assets at year end
XI-1 Total revenue$536,718
XI-2 Total expenses$634,540
XI-3 Revenue less expenses−$97,822
XI-4 Net assets at start of year$2,245,440
XI-10 Net assets at end of year$2,147,618

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

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