Plumbers & Steamfitters Local Union 262 Apprenticeship & Journeymen Training

Not tax-deductible

Juneau, AK501(c)(5)Since 1970Mutual / membership EIN 92-0111986Revenue $558K in FY2025

On file with the IRS1751 Anka St, 99801-9504 · Juneau, AKTax-exempt since Apr 1986

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To train apprentices and Journeymen in the plumbing and pipefitting trade in southeast alaska.

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
2 of 6
filings with a surplus
Average surplus $31K a year · 9% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
2 mo
of spending, in cash
Plus $742K in investments, Pt X · Ln 11–13
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$14K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$558K
+56% vs prior year
Spent
$325K
Net assets
$977K
By yearFY2020–FY2025
Revenue
$558K
FY2025▲ +56%
Tap a bar for its year
Revenue by fiscal year
FY2020$253K
FY2021$221K
FY2022$268K
FY2023$305K
FY2024$357K
FY2025$558K
Expenses
$325K
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$274K
FY2021$256K
FY2022$316K
FY2023$307K
FY2024$300K
FY2025$325K
Net assets
$977K
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$881K
FY2021$912K
FY2022$746K
FY2023$773K
FY2024$915K
FY2025$977K

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

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1986.

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Training Coordinator
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Keith Koruna$97,144$92,089$26,296——
Brad Austin———$88,807$89,002
Bradley Austin—$7,062$68,778——

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 Plumbers & Steamfitters Local Union 262 Apprenticeship & Journeymen Training 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

Trains apprentices and journeymen in plumbing and pipefitting trades in Southeast Alaska.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

To train apprentices and journeymen in the plumbing and pipefitting trade in southeast alaska.

Pt IX · col B

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$558K
Ln 12
Fees for servicesLn 2g$364K
Gifts and grantsLn 1h$102K
Investment incomeLn 3$72K
Money outPt IX
$325K
Ln 25
Owns and owesPt X
$977K
net assets · Ln 32
Cash and savingsLn 1–2$48K
Total assetsLn 16$991K
LiabilitiesLn 26$14K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$102K
Government grantsLn 1e$102K
Fees for servicesLn 2g$364K
Investment incomeLn 3$72K
Other incomeLn 4–11$20K
Gains on assetsLn 7$56K
Total revenueLn 12$558K
Assets in detailPt X, end of year
CashLn 1$100
SavingsLn 2$48K
Cash and savings togetherLn 1–2$48K
InvestmentsLn 11–13$742K
Land, buildings, equipmentLn 10c$158K
Total assetsLn 16$991K
LiabilitiesLn 26$14K
Net assetsLn 32$977K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
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$71K$48K
InvestmentsLn 11–13$656K$742K
Land, buildings, equipmentLn 10c$158K$158K
Total assetsLn 16$929K$991K
LiabilitiesLn 26$13K$14K
Net assetsLn 32$915K$977K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$119K
Other employee benefitsLn 9$80K
Payroll taxesLn 10$10K
Management feesLn 11a$28K
Legal feesLn 11b$4K
Accounting feesLn 11c$8K
Investment management feesLn 11f$1K
Advertising and promotionLn 12$200
Office expensesLn 13$11K
OccupancyLn 16$15K
TravelLn 17$19K
InsuranceLn 23$8K
Other expenses (24a–d)Ln 24$23K
Total functional expensesLn 25$325K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $558K$325K$232K$977K 990 PDF
FY2024 $357K$300K$57K$915K 990 PDF
FY2023 $305K$307K−$2K$773K 990 PDF
FY2022 $268K$316K−$49K$746K 990 PDF
FY2021 $221K$256K−$34K$912K 990 PDF
FY2020 $253K$274K−$21K$881K 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 $557,711 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,425$101,520
I-9 Program service revenuePrior year $289,786$364,404
I-10 Investment incomePrior year $18,555$71,573
I-11 Other revenuePrior year −$5,991$20,214
I-12 Total revenuePrior year $356,775$557,711
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 $189,175$208,333
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $110,439$116,911
I-18 Total expensesPrior year $299,614$325,244
I-19 Revenue less expensesPrior year $57,161$232,467
Part VI · Governance 5 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
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 $557,711 across 7 lines filed
VIII-1e Government grants$101,520
VIII-1h Total contributions, gifts and grants$101,520
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $364,404$364,404
VIII-3 Investment incomeExcluded from tax $15,090$15,090
VIII-7 Net gain or loss on sales of assetsExcluded from tax $56,483$56,483
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $20,214$20,214
VIII-12 Total revenueRelated to mission $384,618 · Unrelated business $0 · Excluded from tax $71,573$557,711
Part IX · Statement of functional expenses $325,244 across 13 lines filed
IX-7 Other salaries and wages$118,530
IX-9 Other employee benefits$80,087
IX-10 Payroll taxes$9,716
IX-11a Management fees$27,633
IX-11b Legal fees$4,238
IX-11c Accounting fees$8,331
IX-11f Investment management fees$1,029
IX-12 Advertising and promotion$200
IX-13 Office expenses$10,540
IX-16 Occupancy$14,777
IX-17 Travel$19,332
IX-23 Insurance$7,905
IX-24 Other expenses (24a–d)$22,926
IX-25 Total functional expenses$325,244
Part X · Balance sheet $991,185 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $100$100
X-2 Savings and temporary cash investmentsStart of year $71,236$47,902
X-4 Accounts receivableStart of year $36,821$36,821
X-9 Prepaid expenses and deferred chargesStart of year $6,442$6,442
X-10c Land, buildings and equipment, netStart of year $157,604$157,604
X-11 Publicly traded securitiesStart of year $656,371$742,316
X-16 Total assetsStart of year $928,574$991,185
X-17 Accounts payable and accrued expensesStart of year $13,175$14,411
X-26 Total liabilitiesStart of year $13,175$14,411
X-32 Total net assets or fund balancesStart of year $915,399$976,774
X-33 Total liabilities and net assetsStart of year $928,574$991,185
Part XI · Reconciliation of net assets $976,774 net assets at year end
XI-1 Total revenue$557,711
XI-2 Total expenses$325,244
XI-3 Revenue less expenses$232,467
XI-4 Net assets at start of year$915,399
XI-5 Net unrealized gains (losses) on investments−$171,092
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$976,774

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

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