Civic Intelligence

Asbestos Workers Local No 42 Apprenticeship Training & Education Fund

990 • Fiscal year 2014 • EIN 23-7123737

Aug 01, 2013 to Jul 31, 2014 • Filed on May 29, 2015

7130 Columbia Gateway Drive No A21046

(410) 872-9500

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.06x

Higher debt load relative to assets than 72% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

79th percentile

0.08x

Higher debt load relative to revenue than 79% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

59th percentile

7.1%

Higher net margin than 59% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

55th percentile

4.5%

Faster asset growth than 55% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Up

$141,610

Up $6,100 (+4.5%) from 2013

Net Assets

Up

$133,819

Up $7,192 (+5.7%) from 2013

Liabilities

Down

$7,791

Down $1,092 (-12%) from 2013

Revenue

$101,451

No earlier filing loaded for comparison.

Expenses

Up

$94,259

Up $9,750 (+12%) from 2013

Net Income

$7,192

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $67,685Liabilities 2010: $3,585Net Assets 2010: $64,1002010Assets 2011: $115,382Liabilities 2011: $5,395Net Assets 2011: $109,9872011Assets 2012: $125,516Liabilities 2012: $6,662Net Assets 2012: $118,8542012Assets 2013: $135,510Liabilities 2013: $8,883Net Assets 2013: $126,6272013Assets 2014: $141,610Liabilities 2014: $7,791Net Assets 2014: $133,8192014Assets 2016: $179,395Liabilities 2016: $8,561Net Assets 2016: $170,8342016Assets 2017: $175,449Liabilities 2017: $12,651Net Assets 2017: $162,7982017Assets 2018: $195,134Liabilities 2018: $21,322Net Assets 2018: $173,8122018Assets 2019: $212,713Liabilities 2019: $1,258Net Assets 2019: $211,4552019Assets 2020: $218,297Liabilities 2020: $2,120Net Assets 2020: $216,1772020Assets 2021: $210,898Liabilities 2021: $11,640Net Assets 2021: $199,2582021Assets 2022: $202,393Liabilities 2022: $2,584Net Assets 2022: $199,8092022

Highlighted filing

2014

Assets$141,610
Liabilities$7,791
Net Assets$133,819

Operations Trend

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

$200K$150K$100K$50K$0-$50KExpenses 2010: $78,1982010Expenses 2011: $71,2712011Expenses 2012: $86,0432012Expenses 2013: $84,5092013Revenue 2014: $101,451Expenses 2014: $94,259Net Income 2014: $7,1922014Revenue 2016: $120,612Expenses 2016: $108,552Net Income 2016: $12,0602016Revenue 2017: $101,316Expenses 2017: $109,352Net Income 2017: -$8,0362017Revenue 2018: $118,382Expenses 2018: $107,368Net Income 2018: $11,0142018Revenue 2019: $155,094Expenses 2019: $117,451Net Income 2019: $37,6432019Revenue 2020: $109,518Expenses 2020: $104,794Net Income 2020: $4,7242020Revenue 2021: $78,802Expenses 2021: $95,721Net Income 2021: -$16,9192021Revenue 2022: $110,334Expenses 2022: $109,783Net Income 2022: $5512022

Highlighted filing

2014

Revenue$101,451
Expenses$94,259
Net Income$7,192
Jump To
Filing Snapshot
Filing Period
Aug 1, 2013 to Jul 31, 2014
Signed
May 29, 2015
Return Version
2013v4.0
Gross Receipts
$101,451
Mission and Program Overview

Mission

The exempt purpose of this fund is to provide a training and educational program for apprentices and, at the discretion of the trustees, for journeymen.

The exempt purpose of this fund is to provide a training and educational fund forapprentices and, in the further discretion of the trustees, for journeyman.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$126,627$133,819▲ $7,192
Cash and Non-Interest-Bearing Accounts-$129,845-
Savings and Temporary Cash Investments$127,850--
Accounts Receivable$3,766$9,219▲ $5,453
Prepaid Expenses and Deferred Charges$1,333$1,333→ $0
Land, Buildings, and Equipment, Net$2,561$1,213▼ $1,348
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$135,510$141,610▲ $6,100
Liabilities
Accounts Payable and Accrued Expenses$8,883$7,791▼ $1,092
Total Liabilities$8,883$7,791▼ $1,092
Net Assets / Fund Balance
Total Net Assets Fund Balance$126,627$133,819▲ $7,192
Total Liabilities and Net Assets / Fund Balance$135,510$141,610▲ $6,100

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,213$16,254$17,467
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary FedorAlternate Trustee
Nicholas SmithAlternate Union Trustee
Anthony HarvatinEmployer Trustee
Eric DudzinskiEmployer Trustee
John DillionEmployer Trustee
Robert ZimnyEmployer Trustee
Kevin GalbraithUnion Trustee
Mark FarmerUnion Trustee
Philip MitchenerUnion Trustee
Robert CarlUnion Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$101,431
Investment Income
$20
Other Revenue
$0
Change in Net Assets
$7,192

Audited Revenue Reconciliation

Revenue per Audited Statements
$101,451
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$101,451
Total Revenue per Form 990
$101,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$54,112
Salaries, Compensation, and Employee Benefits$40,147
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$25,497--$25,497
Fees for Services Management-$14,616-$14,616
Other Employee Benefits$12,398--$12,398
Occupancy$8,000--$8,000
Office Expenses-$7,743-$7,743
Conferences and Meetings$4,334--$4,334
Fees for Services Accounting-$3,622-$3,622
Payroll Taxes$2,252--$2,252
Other Expenses$12,093$1,403-$1,403
Depreciation Depletion$1,349--$1,349
Insurance-$633-$633
Advertising-$319-$319
Total Functional Expenses$65,923$28,336$0$94,259

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$94,259
Total Expenses per Audited Statements$94,259
Total Expenses per Form 990$94,259
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
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 B, Line 11

A copy of the 990 is provided to the tpa. The tpa distributes the 990 to the members of the board of directors for review before filing.

Form 990, Part VI, Section B, Line 12

Conflict of interest and whisteblower policies were adopted by the board of trustees after the year ended july 31, 2009.

Form 990, Part VI, Section C, Line 19

All documents are available upon request.

Filing and Contact Details

Filer

EIN
23-7123737
Phone
4108729500

Signing Officer

Name
Mark Farmer
Title
Chairman
Phone
4108729500
Signed
2015-05-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Farmer
Formed
1970
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
0

Preparer

Preparer
Joseph M Herishen CPA
Phone
3018307400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination. The plan administrator is not aware of any uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements as of july 31, 2014. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan administrator believes the plan is no longer subject to income tax examinations for years prior to 2011.

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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/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION. THE PLAN ADMINISTRATOR IS NOT AWARE OF ANY UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS AS OF JULY 31, 2014. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES THE PLAN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01213
IRS990ScheduleD/TotalExpensesPerForm990Amt094259
IRS990ScheduleD/TotalRevenuePerForm990Amt0101451
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0101451
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt094259
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS PROVIDED TO THE TPA. THE TPA DISTRIBUTES THE 990 TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST AND WHISTEBLOWER POLICIES WERE ADOPTED BY THE BOARD OF TRUSTEES AFTER THE YEAR ENDED JULY 31, 2009.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10ASBESTOS WORKERS LOCAL 42 WELFARE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11INT'L ASSN OF HEAT&FROST INSULATORS 42 AWIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0526079218
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1510080312
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(9)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0WELFARE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1LABOR UNION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine107130 COLUMBIA GATEWAY DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine111188 RIVER RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0COLUMBIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City1NEW CASTLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State1DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode021046
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode119720
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0135510
IRS990/TotalAssetsEOYAmt0141610
IRS990/TotalAssetsGrp/BOYAmt0135510
IRS990/TotalAssetsGrp/EOYAmt0141610
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028336
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt065923
IRS990/TotalFunctionalExpensesGrp/TotalAmt094259
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08883
IRS990/TotalLiabilitiesEOYAmt07791
IRS990/TotalLiabilitiesGrp/BOYAmt08883
IRS990/TotalLiabilitiesGrp/EOYAmt07791
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0126627
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0133819
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt065923
IRS990/TotalProgramServiceRevenueAmt0101431
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt020
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0101431
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0101451
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0135510
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0141610
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine107130 COLUMBIA GATEWAY DRIVE NO A
IRS990/USAddress/City0COLUMBIA
IRS990/USAddress/State0MD
IRS990/USAddress/ZIPCode021046
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK FARMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04108729500
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-29
ReturnHeader/Filer/BusinessName/BusinessNameLine10ASBESTOS WORKERS LOCAL NO 42
ReturnHeader/Filer/BusinessName/BusinessNameLine20APPRENTICESHIPTRAINING & EDUCATION FUND
ReturnHeader/Filer/BusinessNameControlTxt0ASBE
ReturnHeader/Filer/EIN0237123737
ReturnHeader/Filer/PhoneNum04108729500
ReturnHeader/Filer/USAddress/AddressLine107130 COLUMBIA GATEWAY DRIVE NO A
ReturnHeader/Filer/USAddress/City0COLUMBIA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.02$0.03$2.00$1.10$1.10$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.11$0.12$1.99$0.79$0.96$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$0.02$2.16$1.10$1.05$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.13$0.01$2.11$1.55$1.17$0.38
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.21$1.74$1.18$1.07$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.75$0.13$1.63$1.01$1.09$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.79$0.09$1.71$1.21$1.09$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.42$0.08$1.34$1.01$0.94$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.09$1.27$0.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.07$1.19$0.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.05$1.10$0.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.04$0.64$0.78