Civic Intelligence

Iuoe Local 877 Apprentice Training & Skill Improvement Fund

990 • Fiscal year 2023 • EIN 04-6849959

Jul 01, 2022 to Jun 30, 2023 • Filed on Sep 14, 2023

89 Access Road Unit 4Norwood, MA 02062-5233

(781) 769-1877

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

0.43x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

0.89x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Net Margin

86th percentile

27%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Asset Growth

98th percentile

101%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

100th percentile

1457%

Faster revenue growth than 100% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$477,434

Up $240,320 (+101%) from 2022

Net Assets

Up

$274,008

Up $61,376 (+29%) from 2022

Liabilities

Up

$203,426

Up $178,944 (+731%) from 2022

Revenue

Up

$228,139

Up $213,488 (+1457%) from 2022

Expenses

Up

$166,763

Up $152,025 (+1032%) from 2022

Net Income

Up

$61,376

Up $61,463 (+70647%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $76,234Liabilities 2011: $820Net Assets 2011: $75,4142011Assets 2012: $97,594Liabilities 2012: $830Net Assets 2012: $96,7642012Assets 2013: $129,722Liabilities 2013: $860Net Assets 2013: $128,8622013Assets 2014: $153,979Liabilities 2014: $815Net Assets 2014: $153,1642014Assets 2015: $177,330Liabilities 2015: $875Net Assets 2015: $176,4552015Assets 2016: $192,126Liabilities 2016: $1,200Net Assets 2016: $190,9262016Assets 2017: $204,046Liabilities 2017: $1,347Net Assets 2017: $202,6992017Assets 2018: $219,423Liabilities 2018: $2,149Net Assets 2018: $217,2742018Assets 2019: $181,833Liabilities 2019: $3,535Net Assets 2019: $178,2982019Assets 2020: $169,898Liabilities 2020: $15,639Net Assets 2020: $154,2592020Assets 2021: $196,410Liabilities 2021: $12,710Net Assets 2021: $183,7002021Assets 2022: $237,114Liabilities 2022: $24,482Net Assets 2022: $212,6322022Assets 2023: $477,434Liabilities 2023: $203,426Net Assets 2023: $274,0082023Assets 2024: $554,221Liabilities 2024: $176,780Net Assets 2024: $377,4412024Assets 2025: $624,582Liabilities 2025: $144,008Net Assets 2025: $480,5742025

Highlighted filing

2023

Assets$477,434
Liabilities$203,426
Net Assets$274,008

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $21,255Expenses 2011: $970Net Income 2011: $20,2852011Revenue 2012: $30,097Expenses 2012: $8,747Net Income 2012: $21,3502012Revenue 2013: $39,269Expenses 2013: $7,171Net Income 2013: $32,0982013Revenue 2014: $25,615Expenses 2014: $1,313Net Income 2014: $24,3022014Revenue 2015: $24,554Expenses 2015: $1,263Net Income 2015: $23,2912015Revenue 2016: $29,060Expenses 2016: $14,589Net Income 2016: $14,4712016Revenue 2017: $38,456Expenses 2017: $26,683Net Income 2017: $11,7732017Revenue 2018: $62,303Expenses 2018: $47,728Net Income 2018: $14,5752018Revenue 2019: $90,662Expenses 2019: $129,638Net Income 2019: -$38,9762019Revenue 2020: $94,787Expenses 2020: $129,297Net Income 2020: -$34,5102020Revenue 2021: $134,389Expenses 2021: $104,948Net Income 2021: $29,4412021Revenue 2022: $14,651Expenses 2022: $14,738Net Income 2022: -$872022Revenue 2023: $228,139Expenses 2023: $166,763Net Income 2023: $61,3762023Revenue 2024: $266,502Expenses 2024: $163,069Net Income 2024: $103,4332024Revenue 2025: $248,386Expenses 2025: $145,253Net Income 2025: $103,1332025

Highlighted filing

2023

Revenue$228,139
Expenses$166,763
Net Income$61,376
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Sep 14, 2023
Return Version
2022v5.0
Gross Receipts
$228,139
Mission and Program Overview

Mission

Provide vocational training to members and potential members of iuoe local 877.

The purpose of this fund is to maintain a school to train and improve the skills of students to provide a continuous and sufficient pool of skilled engineers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$212,632$274,008▲ $61,376
Savings and Temporary Cash Investments$167,616$229,714▲ $62,098
Land, Buildings, and Equipment, Net$43,185$36,882▼ $6,303
Accounts Receivable$14,550$10,817▼ $3,733
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$237,114$477,434▲ $240,320
Other Assets Total$11,763$200,021▲ $188,258
Liabilities
Other Liabilities$0$188,438▲ $188,438
Accounts Payable and Accrued Expenses$19,157$10,938▼ $8,219
Deferred Revenue$5,325$4,050▼ $1,275
Total Liabilities$24,482$203,426▲ $178,944
Net Assets / Fund Balance
Total Net Assets Fund Balance$212,632$274,008▲ $61,376
Total Liabilities and Net Assets / Fund Balance$237,114$477,434▲ $240,320

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,744$43,695$73,439
Leasehold Improvements$7,138$4,026$11,164
Other Assets Org$7,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anthony PisanoTrustee
Michael CannistraroTrustee - Eff 9/22
Alan PeroInternational Supervisor - Thru 8/22
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$226,142
Investment Income
$1,997
Other Revenue
$0
Change in Net Assets
$61,376

Audited Revenue Reconciliation

Revenue per Audited Statements
$228,139
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$228,139
Total Revenue per Form 990
$228,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,123
Salaries, Compensation, and Employee Benefits$52,640
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$60,094--$60,094
Other Salaries and Wages$31,645$14,001-$45,646
Depreciation Depletion$13,443--$13,443
Fees for Services Accounting-$10,000-$10,000
Office Expenses-$8,030-$8,030
Payroll Taxes$4,849$2,145-$6,994
Fees for Services Legal-$5,382-$5,382
Other Expenses$2,000--$2,000
Insurance$1,117--$1,117
Total Functional Expenses$127,205$39,558$0$166,763

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$166,763
Total Expenses per Audited Statements$166,763
Total Expenses per Form 990$166,763
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use - Long Term Portion$162,178
Right of Use - Current Portion$26,260
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 was prepared in coordination with the fund administrator of the organization.

Form 990, Part VI, Section B, Line 12C

As required by the fund's policy and by erisa, officers and employees have a continuous obligation to report potential conflicts of interest.

Form 990, Part VI, Section C, Line 19

The training funds governing documents and financial statements are available to all members upon request. Documents are available to the public to the extent required by law.

Filing and Contact Details

Filer

Filer Name
Iuoe Local 877 Apprentice Training &
EIN
04-6849959
Phone
7817691877
Address
89 ACCESS ROAD UNIT 4, NORWOOD, MA 02062-5233

Signing Officer

Name
Michael Cannistraro
Title
Trustee
Phone
7817691877
Signed
2023-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Cannistraro
Formed
1998
Legal Domicile
Ma
Voting Board Members
2
Independent Board Members
2
Employees
7
Volunteers
0

Preparer

Firm
Schultheis & Panettieri Llp
Address
450 WIRELESS BLVD, HAUPPAUGE, NY 11788
Preparer
Carol Westfall
Phone
6312734778
Raw XML Appendix329 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS PREPARED IN COORDINATION WITH THE FUND ADMINISTRATOR OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS REQUIRED BY THE FUND'S POLICY AND BY ERISA, OFFICERS AND EMPLOYEES HAVE A CONTINUOUS OBLIGATION TO REPORT POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRAINING FUNDS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO ALL MEMBERS UPON REQUEST. DOCUMENTS ARE AVAILABLE TO THE PUBLIC TO THE EXTENT REQUIRED BY LAW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalLiabilitiesEOYAmt0203426
IRS990/TotalLiabilitiesGrp/BOYAmt024482
IRS990/TotalLiabilitiesGrp/EOYAmt0203426
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0212632
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0274008
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0127205
IRS990/TotalProgramServiceRevenueAmt0226142
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01997
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0226142
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0228139
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0237114
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0477434
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt089 ACCESS ROAD UNIT 4
IRS990/USAddress/CityNm0NORWOOD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd0020625233
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL CANNISTRARO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum07817691877
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IUOE LOCAL 877 APPRENTICE TRAINING &
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SKILL IMPROVEMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0IUOE
ReturnHeader/Filer/EIN0046849959
ReturnHeader/Filer/PhoneNum07817691877
ReturnHeader/Filer/USAddress/AddressLine1Txt089 ACCESS ROAD UNIT 4
ReturnHeader/Filer/USAddress/CityNm0NORWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0020625233
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131577780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHULTHEIS & PANETTIERI LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0450 WIRELESS BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAUPPAUGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011788
ReturnHeader/PreparerPersonGrp/PhoneNum06312734778
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROL WESTFALL
ReturnHeader/ReturnTs02023-09-14T09:18:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CANNISTRARO
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.25$1.44$4.81$2.48$1.45$1.03
2024Detailed filing. Detailed filing data is available for this year.$5.54$1.77$3.77$2.67$1.63$1.03
2023Detailed filing. Detailed filing data is available for this year.$4.77$2.03$2.74$2.28$1.67$0.61
2022Detailed filing. Detailed filing data is available for this year.$2.37$0.24$2.13$0.15$0.15$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.96$0.13$1.84$1.34$1.05$0.29
2020Detailed filing. Detailed filing data is available for this year.$1.70$0.16$1.54$0.95$1.29$0.35
2019Detailed filing. Detailed filing data is available for this year.$1.82$0.04$1.78$0.91$1.30$0.39
2018Detailed filing. Detailed filing data is available for this year.$2.19$0.02$2.17$0.62$0.48$0.15
2017Detailed filing. Detailed filing data is available for this year.$2.04$0.01$2.03$0.38$0.27$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.92$0.01$1.91$0.29$0.15$0.14
2015Detailed filing. Detailed filing data is available for this year.$1.77$0.01$1.76$0.25$0.01$0.23
2014Detailed filing. Detailed filing data is available for this year.$1.54$0.01$1.53$0.26$0.01$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.01$1.29$0.39$0.07$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.01$0.97$0.30$0.09$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.01$0.75$0.21$0.01$0.20