Civic Intelligence

Iron Workers Local Union 401 Apprentice Training Fund

990 • Fiscal year 2019 • EIN 23-7653299

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 06, 2019

11600 Norcom RoadPhiladelphia, PA 19154

(215) 676-3000

Siviq Scores

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

Liabilities / Assets

34th percentile

0.00x

Higher debt load relative to assets than 34% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

38th percentile

0.00x

Higher debt load relative to revenue than 38% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Net Margin

88th percentile

28%

Higher net margin than 88% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

95th percentile

$275,539

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 24.5% of source-year revenue.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Asset Growth

75th percentile

15%

Faster asset growth than 75% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

17th percentile

-7.7%

Faster revenue growth than 17% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,488,095

Up $322,205 (+15%) from 2018

Net Assets

Up

$2,483,590

Up $320,761 (+15%) from 2018

Liabilities

Up

$4,505

Up $1,444 (+47%) from 2018

Revenue

Down

$1,126,134

Down $93,935 (-7.7%) from 2018

Expenses

Down

$805,373

Down $13,666 (-1.7%) from 2018

Net Income

Down

$320,761

Down $80,269 (-20%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $696,988Liabilities 2013: $127,358Net Assets 2013: $569,6302013Assets 2014: $828,912Liabilities 2014: $63,720Net Assets 2014: $765,1922014Assets 2015: $961,961Liabilities 2015: $2,409Net Assets 2015: $959,5522015Assets 2016: $1,381,080Liabilities 2016: $4,701Net Assets 2016: $1,376,3792016Assets 2017: $1,765,372Liabilities 2017: $3,573Net Assets 2017: $1,761,7992017Assets 2018: $2,165,890Liabilities 2018: $3,061Net Assets 2018: $2,162,8292018Assets 2019: $2,488,095Liabilities 2019: $4,505Net Assets 2019: $2,483,5902019Assets 2020: $2,538,774Liabilities 2020: $166,805Net Assets 2020: $2,371,9692020Assets 2021: $2,214,114Liabilities 2021: $3,271Net Assets 2021: $2,210,8432021Assets 2022: $1,798,987Liabilities 2022: $0Net Assets 2022: $1,798,9872022Assets 2024: $1,982,028Liabilities 2024: $0Net Assets 2024: $1,982,0282024

Highlighted filing

2019

Assets$2,488,095
Liabilities$4,505
Net Assets$2,483,590

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2013: $724,2282013Revenue 2014: $950,685Expenses 2014: $755,123Net Income 2014: $195,5622014Revenue 2015: $902,027Expenses 2015: $715,092Net Income 2015: $186,9352015Revenue 2016: $1,162,285Expenses 2016: $745,458Net Income 2016: $416,8272016Revenue 2017: $1,183,507Expenses 2017: $783,050Net Income 2017: $400,4572017Revenue 2018: $1,220,069Expenses 2018: $819,039Net Income 2018: $401,0302018Revenue 2019: $1,126,134Expenses 2019: $805,373Net Income 2019: $320,7612019Revenue 2020: $937,633Expenses 2020: $1,067,777Net Income 2020: -$130,1442020Revenue 2021: $807,000Expenses 2021: $943,020Net Income 2021: -$136,0202021Revenue 2022: $541,405Expenses 2022: $925,361Net Income 2022: -$383,9562022Revenue 2024: $1,258,820Expenses 2024: $1,038,949Net Income 2024: $219,8712024

Highlighted filing

2019

Revenue$1,126,134
Expenses$805,373
Net Income$320,761
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 6, 2019
Return Version
2018v3.1
Gross Receipts
$1,130,904
Mission and Program Overview

Mission

Training of individual members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,162,829$2,483,590▲ $320,761
Cash and Non-Interest-Bearing Accounts$861,216$1,182,768▲ $321,552
Investments in Publicly Traded Securities$1,060,415$1,092,439▲ $32,024
Land, Buildings, and Equipment, Net$144,523$160,222▲ $15,699
Accounts Receivable$82,321$47,947▼ $34,374
Prepaid Expenses and Deferred Charges$6,434$2,653▼ $3,781
Inventories for Sale or Use-$2,066-
Total Assets$2,165,890$2,488,095▲ $322,205
Other Assets Total$10,981--
Liabilities
Accounts Payable and Accrued Expenses$3,061$3,040▼ $21
Other Liabilities-$1,465-
Total Liabilities$3,061$4,505▲ $1,444
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,162,829$2,483,590▲ $320,761
Total Liabilities and Net Assets / Fund Balance$2,165,890$2,488,095▲ $322,205

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$125,232$66,946$192,178
Equipment$34,990$68,420$103,410
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin BoyleUnion TrusteePT-$275,539$275,539
Kevin Boyle--$150,681$124,858$275,539
Paul ShepherdsonUnion TrusteePT-$275,432$275,432
Paul Shepherdson--$150,574$124,858$275,432
Frank MarshCoordinatorFT$150,870$74,286$225,156
Frank Marsh--$150,870$74,286$225,156
Charles RobertsUnion TrusteePT-$60,777$60,777

Board Members and Trustees

NameTitle
Drew McElhinneyEmployer Trustee
Erik SimsEmployer Trustee
Steve EdlingEmployer Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$10,585
Program Service Revenue
$1,070,375
Investment Income
$33,625
Other Revenue
$11,549
All Other Contributions
$10,585
Change in Net Assets
$320,761

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,126,134
Total Revenue per Audited Statements
$1,126,134
Total Revenue per Form 990
$1,126,134
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$423,509
Other Expenses$381,864
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$0$0$0$204,843
Other Salaries and Wages$0$0$0$163,674
Current Officers, Directors, Trustees, and Key Employees$0$0$0$150,870
Pension Plan Contributions$0$0$0$54,157
Other Employee Benefits$0$0$0$28,643
Other Expenses$0$0$0$28,472
Payroll Taxes$0$0$0$26,165
Office Expenses$0$0$0$16,961
Depreciation Depletion$0$0$0$15,816
Insurance$0$0$0$5,539
Fees for Services Accounting$0$0$0$4,300
Travel$0$0$0$3,323
Fees for Services Legal$0$0$0$625
Total Functional Expenses$0$0$0$805,373

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$805,373
Total Expenses per Audited Statements$805,373
Total Expenses per Form 990$805,373
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
Due to Local 401 General Fund$1,465
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Iron Workers Local Union 401 Apprentice Training Fund
EIN
23-7653299
Phone
2156763000
Address
11600 NORCOM ROAD, PHILADELPHIA, PA 19154

Signing Officer

Name
Kevin Boyle
Title
Trustee
Phone
2156763000
Signed
2019-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Boyle
Formed
1984
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
3
Employees
15
Volunteers
0

Preparer

Firm
Fischer Dorwart Pc
Address
16 W VASSAR ROAD, AUDUBON, NJ 08106
Preparer
Stephen M Dorwart
Phone
8563100990
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is reviewed by the responsible officer before signing.

Pt VI, Line 19

The documents are available upon request at the Fund office.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Frank Marsh
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Paul Shepherdson
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Kevin Boyle
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The documents are available upon request at the Fund office.
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