Civic Intelligence

Local 697 Ibew Apprentice

990 • Fiscal year 2020 • EIN 35-1001586

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 13, 2020

7200 Mississippi St No 100Merrillville, IN 46410

(219) 845-3454

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$11,583,849

Up $285,008 (+2.5%) from 2019

Net Assets

Down

$11,233,867

Down $62,603 (-0.6%) from 2019

Liabilities

Up

$349,982

Up $347,611 (+14661%) from 2019

Revenue And Expenses

Revenue

Down

$1,815,551

Down $401,567 (-18%) from 2019

Expenses

Up

$1,878,154

Up $74,165 (+4.1%) from 2019

Net Income

Down

-$62,603

Down $475,732 (-115%) from 2019

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2013: $10,080,462Liabilities 2013: $1,218,396Net Assets 2013: $8,862,0662013Assets 2014: $10,669,924Liabilities 2014: $367,134Net Assets 2014: $10,302,7902014Assets 2015: $10,856,758Liabilities 2015: $2,561Net Assets 2015: $10,854,1972015Assets 2016: $11,020,268Liabilities 2016: $148,546Net Assets 2016: $10,871,7222016Assets 2017: $10,870,258Liabilities 2017: $1,750Net Assets 2017: $10,868,5082017Assets 2018: $10,947,202Liabilities 2018: $2,061Net Assets 2018: $10,945,1412018Assets 2019: $11,298,841Liabilities 2019: $2,371Net Assets 2019: $11,296,4702019Assets 2020: $11,583,849Liabilities 2020: $349,982Net Assets 2020: $11,233,8672020Assets 2021: $11,383,800Liabilities 2021: $188,045Net Assets 2021: $11,195,7552021Assets 2022: $11,741,133Liabilities 2022: $2,175Net Assets 2022: $11,738,9582022Assets 2023: $11,931,296Liabilities 2023: $2,719Net Assets 2023: $11,928,5772023Assets 2024: $12,158,912Liabilities 2024: $2,894Net Assets 2024: $12,156,0182024Assets 2025: $12,176,560Liabilities 2025: $164Net Assets 2025: $12,176,3962025

Highlighted filing

2020

Assets$11,583,849
Liabilities$349,982
Net Assets$11,233,867

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2013: $1,884,5832013Revenue 2014: $3,307,406Expenses 2014: $1,866,682Net Income 2014: $1,440,7242014Revenue 2015: $2,388,360Expenses 2015: $1,836,953Net Income 2015: $551,4072015Revenue 2016: $1,888,001Expenses 2016: $1,870,476Net Income 2016: $17,5252016Revenue 2017: $1,684,916Expenses 2017: $1,688,130Net Income 2017: -$3,2142017Revenue 2018: $1,767,929Expenses 2018: $1,691,296Net Income 2018: $76,6332018Revenue 2019: $2,217,118Expenses 2019: $1,803,989Net Income 2019: $413,1292019Revenue 2020: $1,815,551Expenses 2020: $1,878,154Net Income 2020: -$62,6032020Revenue 2021: $1,857,779Expenses 2021: $1,895,891Net Income 2021: -$38,1122021Revenue 2022: $2,415,349Expenses 2022: $1,872,146Net Income 2022: $543,2032022Revenue 2023: $2,430,138Expenses 2023: $2,240,519Net Income 2023: $189,6192023Revenue 2024: $2,737,778Expenses 2024: $2,510,337Net Income 2024: $227,4412024Revenue 2025: $2,934,699Expenses 2025: $2,914,321Net Income 2025: $20,3782025

Highlighted filing

2020

Revenue$1,815,551
Expenses$1,878,154
Net Income-$62,603
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$3,333,044
Mission and Program Overview

Mission

APPRENTICE TRAINING

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$11,296,470$11,233,867▼ $62,603
Investments in Publicly Traded Securities$6,058,386$6,173,367▲ $114,981
Land, Buildings, and Equipment, Net$4,531,213$4,524,382▼ $6,831
Savings and Temporary Cash Investments$690,716$867,252▲ $176,536
Prepaid Expenses and Deferred Charges$18,526$18,848▲ $322
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$11,298,841$11,583,849▲ $285,008
Liabilities
Unsecured Notes Loans Payable-$200,200-
Other Liabilities$2,371$149,782▲ $147,411
Total Liabilities$2,371$349,982▲ $347,611
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,296,470$11,233,867▼ $62,603
Total Liabilities and Net Assets / Fund Balance$11,298,841$11,583,849▲ $285,008

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,176,059$1,993,968$6,170,027
Equipment$89,631$791,575$881,206
Land$258,692-$258,692
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joe DanchoDirectorFT$130,336$59,246$189,582
Dan SchaubInstructorFT$101,615$59,246$160,861

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,485,722
Investment Income
$329,480
Other Revenue
$349
Change in Net Assets
$-62,603

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,795,021
Revenue Not Reported on Financial Statements
$20,530
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,795,021
Total Revenue per Form 990
$1,815,551
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,095,700
Other Expenses$782,454
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$661,370--$661,370
Depreciation Depletion-$224,065-$224,065
Pension Plan Contributions$208,271--$208,271
Other Employee Benefits$175,070--$175,070
Office Expenses-$51,457-$51,457
Payroll Taxes$50,989--$50,989
Insurance-$20,642-$20,642
Fees for Service Investment Mgmnt Fees-$20,530-$20,530
Other Expenses$15,550$69,737-$15,550
Fees for Services Accounting-$12,135-$12,135
Occupancy-$10,742-$10,742
Travel$8,843$157-$9,000
Conferences and Meetings$6,343--$6,343
All Other Expenses$5,536--$5,536
Fees for Services Legal-$500-$500
Total Functional Expenses$1,468,189$409,965$0$1,878,154

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,878,154
Expenses per Audited Statements$1,857,624
Total Expenses per Audited Statements$1,857,624
Expenses Not Reported on Financial Statements$20,530
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 Ivy Tech$149,782
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
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 8B

The fund does not have a segregated committee that acts on behalf of the governing body.

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

The form 990 is provided to the training director and certain trustees prior to filing. The training director and trustees review the form and discuss any matters of uncertainty. Upon fully understanding the completed form 990, the form is approved and electronically submitted to the irs.

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

Transactions with potential conflict of interest risk are brought to the attention of the board of trustees for consideration and approval prior to completion.

Form 990, Part VI, Section B, Line 15B

Compensation for the director is set by the board of trustees based on the current collective bargaining agreement. Bonuses are discussed and approved by the full board on an annual basis. Approval of salary and bonus is documented in the minutes of the applicable board of trustees meeting.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Local 697 Ibew Apprentice
EIN
35-1001586
Phone
2198453454
Address
7200 MISSISSIPPI ST NO 100, MERRILLVILLE, IN 46410

Signing Officer

Name
Joe Dancho
Title
Director
Phone
2198453454
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Dancho
Formed
1964
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
19
Volunteers
0

Preparer

Firm
Legacy Professionals Llp
Address
222 INDIANAPOLIS BOULEVARD SUITE, 103, SCHERERVILLE, IN 46375
Preparer
Adam Simaga
Phone
3123680500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The trust is required to evaluate its tax positions and disclose the amount of tax liabilities if the trust has taken an uncertain position that more than likely than not would not be sustained upon examination by tax authorities. The trust is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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IRS990/RevenueAmt01485722
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt011296470
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011233867
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0690716
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0867252
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04176059
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01993968
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06170027
IRS990ScheduleD/EquipmentGrp/BookValueAmt089631
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0791575
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0881206
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt020530
IRS990ScheduleD/ExpensesSubtotalAmt01857624
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt020530
IRS990ScheduleD/InvestmentExpensesNotIncldAmt020530
IRS990ScheduleD/LandGrp/BookValueAmt0258692
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0258692
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0149782
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO IVY TECH
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt020530
IRS990ScheduleD/RevenueSubtotalAmt01795021
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST IS REQUIRED TO EVALUATE ITS TAX POSITIONS AND DISCLOSE THE AMOUNT OF TAX LIABILITIES IF THE TRUST HAS TAKEN AN UNCERTAIN POSITION THAT MORE THAN LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE TRUST IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04524382
IRS990ScheduleD/TotalExpensesPerForm990Amt01878154
IRS990ScheduleD/TotalLiabilityAmt0149782
IRS990ScheduleD/TotalRevenuePerForm990Amt01815551
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01795021
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01857624
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/ExplanationTxt0PUBLISHED ON THE JATC WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0130336
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1101615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt032893
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt132893
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt026353
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt126353
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOE DANCHO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DAN SCHAUB
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1INSTRUCTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0189582
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1160861
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FUND DOES NOT HAVE A SEGREGATED COMMITTEE THAT ACTS ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE TRAINING DIRECTOR AND CERTAIN TRUSTEES PRIOR TO FILING. THE TRAINING DIRECTOR AND TRUSTEES REVIEW THE FORM AND DISCUSS ANY MATTERS OF UNCERTAINTY. UPON FULLY UNDERSTANDING THE COMPLETED FORM 990, THE FORM IS APPROVED AND ELECTRONICALLY SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRANSACTIONS WITH POTENTIAL CONFLICT OF INTEREST RISK ARE BROUGHT TO THE ATTENTION OF THE BOARD OF TRUSTEES FOR CONSIDERATION AND APPROVAL PRIOR TO COMPLETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR THE DIRECTOR IS SET BY THE BOARD OF TRUSTEES BASED ON THE CURRENT COLLECTIVE BARGAINING AGREEMENT. BONUSES ARE DISCUSSED AND APPROVED BY THE FULL BOARD ON AN ANNUAL BASIS. APPROVAL OF SALARY AND BONUS IS DOCUMENTED IN THE MINUTES OF THE APPLICABLE BOARD OF TRUSTEES MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FUND MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt011298841
IRS990/TotalAssetsEOYAmt011583849
IRS990/TotalAssetsGrp/BOYAmt011298841
IRS990/TotalAssetsGrp/EOYAmt011583849
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0409965
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01468189
IRS990/TotalFunctionalExpensesGrp/TotalAmt01878154
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02371
IRS990/TotalLiabilitiesEOYAmt0349982
IRS990/TotalLiabilitiesGrp/BOYAmt02371

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