Civic Intelligence

Ithaca Electrical Joint Apprenticeship Training Fund Local

990 • Fiscal year 2024 • EIN 23-7257515

Jun 01, 2023 to May 31, 2024 • Filed on Jan 20, 2025

134 Cecil A Malone DriveIthaca, NY 14850

(607) 272-2809

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$1,398,162

Up $108,354 (+8.4%) from 2022

Net Assets

Up

$1,381,358

Up $139,742 (+11%) from 2022

Liabilities

Down

$16,804

Down $31,388 (-65%) from 2022

Revenue And Expenses

Revenue

Up

$549,968

Up $153,436 (+39%) from 2022

Expenses

Down

$446,550

Down $12,633 (-2.8%) from 2022

Net Income

Up

$103,418

Up $166,069 (+265%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $1,193,091Liabilities 2015: $667,192Net Assets 2015: $525,8992015Assets 2016: $1,283,971Liabilities 2016: $602,868Net Assets 2016: $681,1032016Assets 2017: $1,286,196Liabilities 2017: $426,293Net Assets 2017: $859,9032017Assets 2018: $1,156,435Liabilities 2018: $184,231Net Assets 2018: $972,2042018Assets 2019: $1,148,650Liabilities 2019: $18,012Net Assets 2019: $1,130,6382019Assets 2020: $1,232,196Liabilities 2020: $36,318Net Assets 2020: $1,195,8782020Assets 2021: $1,374,658Liabilities 2021: $70,391Net Assets 2021: $1,304,2672021Assets 2022: $1,289,808Liabilities 2022: $48,192Net Assets 2022: $1,241,6162022Assets 2024: $1,398,162Liabilities 2024: $16,804Net Assets 2024: $1,381,3582024Assets 2025: $1,572,188Liabilities 2025: $23,439Net Assets 2025: $1,548,7492025

Highlighted filing

2024

Assets$1,398,162
Liabilities$16,804
Net Assets$1,381,358

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $390,562Expenses 2015: $255,070Net Income 2015: $135,4922015Revenue 2016: $386,831Expenses 2016: $231,627Net Income 2016: $155,2042016Revenue 2017: $423,984Expenses 2017: $245,184Net Income 2017: $178,8002017Revenue 2018: $417,492Expenses 2018: $305,191Net Income 2018: $112,3012018Revenue 2019: $472,612Expenses 2019: $314,178Net Income 2019: $158,4342019Revenue 2020: $392,187Expenses 2020: $326,947Net Income 2020: $65,2402020Revenue 2021: $439,103Expenses 2021: $330,714Net Income 2021: $108,3892021Revenue 2022: $396,532Expenses 2022: $459,183Net Income 2022: -$62,6512022Revenue 2024: $549,968Expenses 2024: $446,550Net Income 2024: $103,4182024Revenue 2025: $637,273Expenses 2025: $469,882Net Income 2025: $167,3912025

Highlighted filing

2024

Revenue$549,968
Expenses$446,550
Net Income$103,418
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Jan 20, 2025
Return Version
2023v6.0
Gross Receipts
$549,968
Mission and Program Overview

Mission

Provide education and training for apprentices and journeyman of ibew local 241.

Educational training fund for apprentices & journeymen of ibew local 241.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$957,540$941,220▼ $16,320
Cash and Non-Interest-Bearing Accounts$304,423$221,538▼ $82,885
Accounts Receivable$25,060$48,648▲ $23,588
Prepaid Expenses and Deferred Charges$5,083$4,232▼ $851
Intangible Assets$3,576$3,179▼ $397
Total Assets$1,295,682$1,398,162▲ $102,480
Other Assets Total$0$179,345▲ $179,345
Liabilities
Accounts Payable and Accrued Expenses$16,602$15,664▼ $938
Other Liabilities$1,140$1,140→ $0
Total Liabilities$17,742$16,804▼ $938
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,277,940$1,381,358▲ $103,418
Total Net Assets Fund Balance$1,277,940$1,381,358▲ $103,418
Total Liabilities and Net Assets / Fund Balance$1,295,682$1,398,162▲ $102,480

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$765,169$265,831$1,031,000
Land$150,000-$150,000
Equipment$26,051$96,054$122,105
Other Assets Org$26,273--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Todd BruerAdministrator-$166,470$166,470
Pat HousworthTrustee$1,238-$1,238
Steve JacksonTrustee$1,009-$1,009

Board Members and Trustees

NameTitle
George DenmarkTrustee
Jeremy FredericiTrustee
Meredith KumponTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$47,720
Program Service Revenue
$491,567
Investment Income
$3,260
Other Revenue
$7,421
All Other Contributions
$47,720
Change in Net Assets
$103,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$549,968
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$549,968
Total Revenue per Form 990
$549,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$230,084
Other Expenses$148,795
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$145,464--$145,464
Other Employee Benefits$69,831--$69,831
Benefits to Members$67,671--$67,671
Occupancy-$43,903-$43,903
Depreciation Depletion-$42,060-$42,060
Fees for Services Accounting-$25,524-$25,524
Payroll Taxes$12,869--$12,869
Conferences and Meetings$11,483--$11,483
Advertising-$6,133-$6,133
Office Expenses-$5,935-$5,935
Other Expenses-$5,000-$5,000
Current Officers, Directors, Trustees, and Key Employees$1,920--$1,920
Insurance-$494-$494
Fees for Services Legal-$380-$380
Total Functional Expenses$309,238$137,312$0$446,550

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$446,550
Total Expenses per Audited Statements$446,550
Total Expenses per Form 990$446,550
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Other Funds$1,140
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

Copies of form 990 are distributed to board members prior to filing for formal board member review

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

Trustees must sign statement annually.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, written conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Ithaca Electrical Joint Educational and
EIN
23-7257515
Phone
6072722809
Address
134 CECIL A MALONE DRIVE, ITHACA, NY 14850

Signing Officer

Name
Todd Bruer
Title
Administrator
Phone
6072722809
Signed
2025-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Bruer
Formed
1983
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
3
Employees
12
Volunteers
0

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
333 EAST WATER ST STE 200, ELMIRA, NY 14901
Preparer
Krista L Niles-updyke
Phone
6077344183
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process for audit oversight and auditor selection has not changed from the prior year

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 reduce an asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The plan administrator has analyzed the tax positions taken by the plan, and has concluded that as of may 31, 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or reduction of an asset) or disclosure in the financial statements. The plan is subject to routine audits by tax jurisdictions; however, there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examinations for years prior to may 31, 2021.

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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 REDUCE AN ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF MAY 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR REDUCTION OF AN ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAX JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO MAY 31, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0941220
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0179345
IRS990ScheduleD/TotalExpensesPerForm990Amt0446550
IRS990ScheduleD/TotalLiabilityAmt01140
IRS990ScheduleD/TotalRevenuePerForm990Amt0549968
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0549968
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0446550
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
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PUBLICATION IN THE ITHACA JOURNAL
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES OF FORM 990 ARE DISTRIBUTED TO BOARD MEMBERS PRIOR TO FILING FOR FORMAL BOARD MEMBER REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRUSTEES MUST SIGN STATEMENT ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, WRITTEN CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS FOR AUDIT OVERSIGHT AND AUDITOR SELECTION HAS NOT CHANGED FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0IBEW LOCAL 241
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1IBEW LOCAL 241
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2IBEW LOCAL 241
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3IBEW LOCAL 241
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IBEW LOCAL 241
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1IBEW LOCAL 241 PENSION PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2IBEW LOCAL 241 DEFINED CONTRIBUTION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3IBEW LOCAL 241 WELFARE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0150347943
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1166118689
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2166118689
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3150347948
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1401(A)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2401(A)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(9)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GENERAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PENSION PLAN #001
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2DEFINED CONTRIBUTION #002
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3WELFARE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0134 CECIL A MALONE DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1134 CECIL A MALONE DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2134 CECIL A MALONE DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3134 CECIL A MALONE DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ITHACA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1ITHACA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2ITHACA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3ITHACA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd014850
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd114850
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd214850
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd314850
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01295682
IRS990/TotalAssetsEOYAmt01398162
IRS990/TotalAssetsGrp/BOYAmt01295682
IRS990/TotalAssetsGrp/EOYAmt01398162
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt047720
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0137312
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0309238
IRS990/TotalFunctionalExpensesGrp/TotalAmt0446550
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt017742

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