Civic Intelligence

Ironworkers & Riggers Loc 58 Reinforcing Iron Wkrs 500 Tr

EIN 23-7092810 • 501(c)3 • New Orleans, LA

8116 Chef Menteur HighwayNew Orleans, LA 70126

www.ironworkers58.org/SUB/TRAINING

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

16th percentile

-41%

Higher net margin than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

37th percentile

-13%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

Down

$405,348

Down $125,472 (-24%) from 2013

Liabilities

Down

$759

Down $1,326 (-64%) from 2013

Net Assets

Down

$404,589

Down $124,146 (-23%) from 2013

Revenue

$116,239

No earlier filing loaded for comparison.

Expenses

Up

$163,334

Up $3,918 (+2.5%) from 2013

Net Income

-$47,095

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $584,483Liabilities 2011: $52,080Net Assets 2011: $532,4032011Assets 2012: $580,778Liabilities 2012: $1,438Net Assets 2012: $579,3402012Assets 2013: $530,820Liabilities 2013: $2,085Net Assets 2013: $528,7352013Assets 2015: $405,348Liabilities 2015: $759Net Assets 2015: $404,5892015

Highlighted filing

2015

Assets$405,348
Liabilities$759
Net Assets$404,589

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KExpenses 2011: $158,5982011Expenses 2012: $164,3752012Expenses 2013: $159,4162013Revenue 2015: $116,239Expenses 2015: $163,334Net Income 2015: -$47,0952015

Highlighted filing

2015

Revenue$116,239
Expenses$163,334
Net Income-$47,095

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 1, 2014 to Nov 30, 2015
Signed
Mar 28, 2016
Return Version
2014v6.0
Gross Receipts
$116,239
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$296,236$251,272▼ $44,964
Land, Buildings, and Equipment, Net$170,604$127,642▼ $42,962
Accounts Receivable$16,647$26,434▲ $9,787
Total Assets$483,487$405,348▼ $78,139
Liabilities
Accounts Payable and Accrued Expenses$1,107$759▼ $348
Total Liabilities$1,107$759▼ $348
Net Assets / Fund Balance
Unrestricted Net Assets$482,380$404,589▼ $77,791
Total Net Assets Fund Balance$482,380$404,589▼ $77,791
Total Liabilities and Net Assets / Fund Balance$483,487$405,348▼ $78,139

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,460$381,520$385,980
Land$92,190-$92,190
Equipment$28,009$45,008$73,017
Other Land Buildings$2,983$30,899$33,882
Compensation and Service Providers

Board Members and Trustees

NameTitle
Albert LacasseTrustee
Scott MurphyTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$7,440
Program Service Revenue
$99,101
Investment Income
$3,854
Other Revenue
$5,844
All Other Contributions
$7,440
Change in Net Assets
$-47,095

Audited Revenue Reconciliation

Revenue per Audited Statements
$116,239
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$116,239
Total Revenue per Form 990
$116,239
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,237
Salaries, Compensation, and Employee Benefits$74,097
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$46,966$5,897-$52,863
Other Employee Benefits$18,477--$18,477
Insurance-$14,124-$14,124
Fees for Services Accounting-$12,750-$12,750
Depreciation Depletion-$12,266-$12,266
Occupancy-$5,787-$5,787
Office Expenses-$4,978-$4,978
Other Expenses$3,483$19,498-$3,483
Payroll Taxes-$2,757-$2,757
Fees for Services Legal-$1,026-$1,026
Travel$475--$475
Total Functional Expenses$84,251$79,083$0$163,334

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$163,334
Total Expenses per Audited Statements$163,334
Total Expenses per Form 990$163,334
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
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 A, Line 6

The organization consists of members who are eligible under the terms of the collective bargaining agreements in force between local 58 hall and affiliated fringe benefit funds and the participating employers who employ those members.

Form 990, Part VI, Section A, Line 7A

The governing body is a board of trustees who operate the fund in accordance with the requirements of a multi-employer plan under both erisa and the taft-hartley act. The trust agreement under which the fund was created and operates, provides for appointment of both employer and union trustees. The employer trustees are selected by the existing employer trustees and the union trustees are elected by the membership of the local. It is the duty of the board of trustees to oversee operations of the fund, setting policies and procedures for training curriculum and other training benefits to participants who work under terms of the collective bargaining agreement.

Form 990, Part VI, Section A, Line 8B

The fund does not have any committeees. It only has a board of trustees made up of two individuals.

Form 990, Part VI, Section B, Line 11

A certified public accounting firm was retained to prepare the annual irs form 990. The cpa firm provides a copy of the completed form to the members of the board of trustees for their review and approval.

Form 990, Part VI, Section C, Line 19

The irs form 990 will be made available upon request to the board of trustees.

Form 990, Part VI, Section A, Line 9

Albert lacasse, jr. 3514 ledgestone dr. Houston, tx 77059

Filing and Contact Details

Filer

Filer Name
Iron Workers Riggers & Rodmen Local
EIN
23-7092810
Phone
5049436663
Address
8116 CHEF MENTEUR HIGHWAY, NEW ORLEANS, LA 70126

Signing Officer

Name
Scott Murphy
Title
Trustee
Phone
5049436663
Signed
2016-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Murphy
Formed
1970
Legal Domicile
La
Voting Board Members
2
Independent Board Members
2
Employees
2
Volunteers
2

Preparer

Firm
Ericksen Krentel & Laporte Llp
Address
4227 CANAL STREET, NEW ORLEANS, LA 70119
Preparer
W Eric Powers CPA
Phone
5044867275
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

To provide iron work training to members and apprentices by trained faculty teaching an approved curriculum.

Form 990, Part III, Line 1

To provide iron work training to members and apprentices by trained faculty teaching an approved curriculum.

FORM 990, PART XII, LINE 2C:

The fund does not have any committeees. It only has a board of trustees made up of two individuals, which assumes responsibility for oversight of audit of its financial statements and selection of independent accountant.

Form 990, Part XI, Line 8

During 2014, the fund identified certain capital assets on its property schedule that had been depreciated incorrectly in prior years. Accordingly, a prior period adjustment was recorded to correct the understatement of accumulated depreciation and net assets.

Financial Statement Notes

PART X, LINE 2:

The fund's evaluation as of november 30, 2015 revealed no tax positions that would have a material impact on the financial statements. The 2012 through 2014 tax years remain subject to examination by the irs. Management does not believe that any reasonably possible changes will occur within the next twelve months that will have a material impact on the financial statements.

Raw XML Appendix393 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND'S EVALUATION AS OF NOVEMBER 30, 2015 REVEALED NO TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE 2012 THROUGH 2014 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE IRS. MANAGEMENT DOES NOT BELIEVE THAT ANY REASONABLY POSSIBLE CHANGES WILL OCCUR WITHIN THE NEXT TWELVE MONTHS THAT WILL HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE TRAINING COORDINATORS PUBLISH ADS IN LOCAL NEWSPRINT ADVERTISING THE TRAINING PROGRAM AND THE OPPORTUNITIES THE CRAFT OFFERS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NO SCHOLARSHIPS NOR ANY FORM OF FINANCIAL ASSISTANCE PROVIDED NOR OFFERED TO ANY APPRENTICE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE IRON WORK TRAINING TO MEMBERS AND APPRENTICES BY TRAINED FACULTY TEACHING AN APPROVED CURRICULUM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO PROVIDE IRON WORK TRAINING TO MEMBERS AND APPRENTICES BY TRAINED FACULTY TEACHING AN APPROVED CURRICULUM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION CONSISTS OF MEMBERS WHO ARE ELIGIBLE UNDER THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENTS IN FORCE BETWEEN LOCAL 58 HALL AND AFFILIATED FRINGE BENEFIT FUNDS AND THE PARTICIPATING EMPLOYERS WHO EMPLOY THOSE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY IS A BOARD OF TRUSTEES WHO OPERATE THE FUND IN ACCORDANCE WITH THE REQUIREMENTS OF A MULTI-EMPLOYER PLAN UNDER BOTH ERISA AND THE TAFT-HARTLEY ACT. THE TRUST AGREEMENT UNDER WHICH THE FUND WAS CREATED AND OPERATES, PROVIDES FOR APPOINTMENT OF BOTH EMPLOYER AND UNION TRUSTEES. THE EMPLOYER TRUSTEES ARE SELECTED BY THE EXISTING EMPLOYER TRUSTEES AND THE UNION TRUSTEES ARE ELECTED BY THE MEMBERSHIP OF THE LOCAL. IT IS THE DUTY OF THE BOARD OF TRUSTEES TO OVERSEE OPERATIONS OF THE FUND, SETTING POLICIES AND PROCEDURES FOR TRAINING CURRICULUM AND OTHER TRAINING BENEFITS TO PARTICIPANTS WHO WORK UNDER TERMS OF THE COLLECTIVE BARGAINING AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FUND DOES NOT HAVE ANY COMMITTEEES. IT ONLY HAS A BOARD OF TRUSTEES MADE UP OF TWO INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A CERTIFIED PUBLIC ACCOUNTING FIRM WAS RETAINED TO PREPARE THE ANNUAL IRS FORM 990. THE CPA FIRM PROVIDES A COPY OF THE COMPLETED FORM TO THE MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE IRS FORM 990 WILL BE MADE AVAILABLE UPON REQUEST TO THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALBERT LACASSE, JR. 3514 LEDGESTONE DR. HOUSTON, TX 77059
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE FUND DOES NOT HAVE ANY COMMITTEEES. IT ONLY HAS A BOARD OF TRUSTEES MADE UP OF TWO INDIVIDUALS, WHICH ASSUMES RESPONSIBILITY FOR OVERSIGHT OF AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DURING 2014, THE FUND IDENTIFIED CERTAIN CAPITAL ASSETS ON ITS PROPERTY SCHEDULE THAT HAD BEEN DEPRECIATED INCORRECTLY IN PRIOR YEARS. ACCORDINGLY, A PRIOR PERIOD ADJUSTMENT WAS RECORDED TO CORRECT THE UNDERSTATEMENT OF ACCUMULATED DEPRECIATION AND NET ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION A, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 8
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0720219814
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(5)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LABOR UNION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03035 PARIS AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW ORLEANS
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IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
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IRS990/SignificantNewProgramSrvcInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0405348
IRS990/TotalAssetsGrp/BOYAmt0483487
IRS990/TotalAssetsGrp/EOYAmt0405348
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt07440
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt079083
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt084251
IRS990/TotalFunctionalExpensesGrp/TotalAmt0163334
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01107
IRS990/TotalLiabilitiesEOYAmt0759
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IRS990/TotalLiabilitiesGrp/EOYAmt0759
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0404589
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt084251
IRS990/TotalProgramServiceRevenueAmt099101
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03854
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0104945
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0116239
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0483487
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0405348
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0475
IRS990/TravelGrp/TotalAmt0475
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0482380
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0404589
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08116 CHEF MENTEUR HIGHWAY
IRS990/USAddress/CityNm0NEW ORLEANS
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070126
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0HTTP://WWW.IRONWORKERS58.ORG/SUB/TRAINING
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT MURPHY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum05049436663
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IRON WORKERS RIGGERS & RODMEN LOCAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0NO 58 APPRENTICESHIP & TRAINING FUND
ReturnHeader/Filer/BusinessNameControlTxt0IRON
ReturnHeader/Filer/EIN0237092810
ReturnHeader/Filer/PhoneNum05049436663
ReturnHeader/Filer/USAddress/AddressLine1Txt08116 CHEF MENTEUR HIGHWAY
ReturnHeader/Filer/USAddress/CityNm0NEW ORLEANS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070126
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0720549733
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERICKSEN KRENTEL & LAPORTE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04227 CANAL STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW ORLEANS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070119
ReturnHeader/PreparerPersonGrp/PhoneNum05044867275
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0W ERIC POWERS CPA
ReturnHeader/ReturnTs02016-03-30T10:38:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-12-01
ReturnHeader/TaxPeriodEndDt02015-11-30
ReturnHeader/TaxYr02014

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