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Texas Iron Workers Training Trust FY2021 filing

Tax-deductible

Oak Brook, IL501(c)(3)Since 2018Education EIN 81-3682610Revenue $1.9M in FY2021

On file with the IRS2625 Butterfield Rd Ste 208e, 60523-3417 · Oak Brook, ILTax-exempt since Aug 2017School — 170(b)(1)(A)(ii)

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Provide apprenticeship and journyman Training, testing, education, job skill developtment and enhancement for ironworkers trades.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 6
filings with a surplus
Average surplus $291K a year · 15% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Plus $1.6M in investments, Pt X · Ln 11–13
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$523K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+5% vs prior year
Spent
$1.5M
To programs
84%
Net assets
$4.0M
By yearFY2020–FY2025
Revenue
$1.9M
FY2021▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.9M
FY2022$1.8M
FY2023$1.6M
FY2024$2.5M
FY2025$2.2M
Expenses
$1.5M
FY2021▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$1.7M
FY2023$1.7M
FY2024$1.7M
FY2025$1.9M
Net assets
$4.0M
FY2021▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.6M
FY2021$4.0M
FY2022$4.1M
FY2023$4.0M
FY2024$4.8M
FY2025$5.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 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 2017.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $1.3M Management & general 16% · $244K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Eric Fryar
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Texas Iron Workers Training Trust 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 and certifies skilled ironworkers through apprenticeships and ongoing education.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2020
01

Provide apprenticeship and journyman training, testing, education and job skill developtment and enhancement for ironworkers trades.

$1.3Mprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.5M
Other incomeLn 4–11$403K
Investment incomeLn 3$50K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.3M
Managementcol C$244K
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$465K
Total assetsLn 16$4.5M
LiabilitiesLn 26$523K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$50K
Other incomeLn 4–11$403K
Gains on assetsLn 7$18K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
SavingsLn 2$465K
Cash and savings togetherLn 1–2$465K
InvestmentsLn 11–13$1.6M
Land, buildings, equipmentLn 10c$2.5M
Total assetsLn 16$4.5M
LiabilitiesLn 26$523K
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 545
VolunteersI 60
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$328K$465K
InvestmentsLn 11–13$1.3M$1.6M
Land, buildings, equipmentLn 10c$2.4M$2.5M
Total assetsLn 16$4.1M$4.5M
LiabilitiesLn 26$513K$523K
Net assetsLn 32$3.6M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$601K$499K$102K
Pension plan contributionsLn 8$104K$86K$18K
Payroll taxesLn 10$50K$41K$8K
Management feesLn 11a$28K$28K
Legal feesLn 11b$55K$55K
Accounting feesLn 11c$22K$22K
Office expensesLn 13$72K$69K$4K
OccupancyLn 16$34K$31K$3K
Conferences, conventions and meetingsLn 19$71K$71K
InterestLn 20$22K$20K$2K
Depreciation, depletion and amortizationLn 22$155K$140K$16K
InsuranceLn 23$33K$30K$3K
Other expenses (24a–d)Ln 24$278K$267K$11K
Total functional expensesLn 25$1.5M$1.3M$244K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$1.9M$311K$5.2M 990 PDF
FY2024 $2.5M$1.7M$716K$4.8M 990 PDF
FY2023 $1.6M$1.7M−$84K$4.0M 990 PDF
FY2022 $1.8M$1.7M$123K$4.1M 990 PDF
FY2021 Viewing $1.9M$1.5M$407K$4.0M 990 PDF
FY2020 $1.8M$1.6M$275K$3.6M 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 FY2021 990 (6 parts)
Part I · Summary $1,932,105 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,475,591$1,478,701
I-10 Investment incomePrior year $45,747$50,484
I-11 Other revenuePrior year $315,536$402,920
I-12 Total revenuePrior year $1,836,874$1,932,105
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 $715,989$755,043
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $845,849$770,119
I-18 Total expensesPrior year $1,561,838$1,525,162
I-19 Revenue less expensesPrior year $275,036$406,943
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,932,105 across 5 lines filed
Lines not itemized here account for $32,984 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,478,701$1,478,701
VIII-6 Net rental income or lossRelated to mission $18,630$18,630
VIII-7 Net gain or loss on sales of assetsRelated to mission $17,500$17,500
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $384,290$384,290
VIII-12 Total revenueRelated to mission $1,932,105 · Unrelated business $0 · Excluded from tax $0$1,932,105
Part IX · Statement of functional expenses $1,525,162 across 13 lines filed
IX-7 Other salaries and wagesPrograms $499,135 · Management $102,232$601,367
IX-8 Pension plan contributionsPrograms $86,093 · Management $17,634$103,727
IX-10 Payroll taxesPrograms $41,458 · Management $8,491$49,949
IX-11a Management feesPrograms $27,600$27,600
IX-11b Legal feesManagement $55,439$55,439
IX-11c Accounting feesManagement $22,000$22,000
IX-13 Office expensesPrograms $68,514 · Management $3,606$72,120
IX-16 OccupancyPrograms $30,550 · Management $3,394$33,944
IX-19 Conferences, conventions and meetingsPrograms $71,157$71,157
IX-20 InterestPrograms $19,600 · Management $2,178$21,778
IX-22 Depreciation, depletion and amortizationPrograms $139,556 · Management $15,507$155,063
IX-23 InsurancePrograms $29,674 · Management $3,297$32,971
IX-24 Other expenses (24a–d)Programs $267,443 · Management $10,604$278,047
IX-25 Total functional expensesPrograms $1,280,780 · Management $244,382 · Fundraising $0$1,525,162
Part X · Balance sheet $4,527,942 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $327,809$465,086
X-10c Land, buildings and equipment, netStart of year $2,447,236$2,456,395
X-11 Publicly traded securitiesStart of year $1,332,715$1,606,461
X-16 Total assetsStart of year $4,111,069$4,527,942
X-17 Accounts payable and accrued expensesStart of year $892$33,530
X-26 Total liabilitiesStart of year $513,389$523,318
X-27 Net assets without donor restrictionsStart of year $3,597,680$4,004,624
X-32 Total net assets or fund balancesStart of year $3,597,680$4,004,624
X-33 Total liabilities and net assetsStart of year $4,111,069$4,527,942
Part XI · Reconciliation of net assets $4,004,624 net assets at year end
XI-1 Total revenue$1,932,105
XI-2 Total expenses$1,525,162
XI-3 Revenue less expenses$406,943
XI-4 Net assets at start of year$3,597,680
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,004,624

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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