Civic Intelligence

Local 374 Development and Training Fund

EIN 35-1757364 • 501(c)5 • Hobart, IN

Profile

Development and training fund

760 North Union StreetHobart, IN 46342

n/A

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.06x

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

501(c)5 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

69th percentile

0.06x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2022

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

91st percentile

27%

Faster asset growth than 91% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

78%

Faster revenue growth than 97% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,960,295

Up $80,431 (+4.3%) from 2023

Liabilities

Down

$227,744

Down $86,341 (-27%) from 2023

Net Assets

Up

$1,732,551

Up $166,772 (+11%) from 2023

Revenue

Down

$1,355,920

Down $28,080 (-2.0%) from 2023

Expenses

Up

$1,209,398

Up $138,274 (+13%) from 2023

Net Income

Down

$146,522

Down $166,354 (-53%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,837,660Liabilities 2012: $2,140Net Assets 2012: $1,835,5202012Assets 2013: $1,993,695Liabilities 2013: $1,750Net Assets 2013: $1,991,9452013Assets 2014: $1,645,808Liabilities 2014: $1,613Net Assets 2014: $1,644,1952014Assets 2015: $1,691,815Liabilities 2015: $415Net Assets 2015: $1,691,4002015Assets 2016: $1,639,454Liabilities 2016: $2,659Net Assets 2016: $1,636,7952016Assets 2017: $1,685,309Liabilities 2017: $3,051Net Assets 2017: $1,682,2582017Assets 2018: $1,371,599Liabilities 2018: $2,337Net Assets 2018: $1,369,2622018Assets 2019: $1,264,124Liabilities 2019: $3,329Net Assets 2019: $1,260,7952019Assets 2020: $1,074,398Liabilities 2020: $17,607Net Assets 2020: $1,056,7912020Assets 2021: $1,044,890Liabilities 2021: $87,257Net Assets 2021: $957,6332021Assets 2022: $1,330,061Liabilities 2022: $77,158Net Assets 2022: $1,252,9032022Assets 2023: $1,879,864Liabilities 2023: $314,085Net Assets 2023: $1,565,7792023Assets 2024: $1,960,295Liabilities 2024: $227,744Net Assets 2024: $1,732,5512024

Highlighted filing

2024

Assets$1,960,295
Liabilities$227,744
Net Assets$1,732,551

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $1,874,4002012Expenses 2013: $1,399,6862013Revenue 2014: $1,281,482Expenses 2014: $1,629,232Net Income 2014: -$347,7502014Revenue 2015: $1,531,852Expenses 2015: $1,484,647Net Income 2015: $47,2052015Revenue 2016: $1,460,942Expenses 2016: $1,515,547Net Income 2016: -$54,6052016Revenue 2017: $1,411,758Expenses 2017: $1,366,295Net Income 2017: $45,4632017Revenue 2018: $980,256Expenses 2018: $1,293,252Net Income 2018: -$312,9962018Revenue 2019: $1,165,619Expenses 2019: $1,274,086Net Income 2019: -$108,4672019Revenue 2020: $1,042,592Expenses 2020: $1,246,596Net Income 2020: -$204,0042020Revenue 2021: $750,879Expenses 2021: $850,037Net Income 2021: -$99,1582021Revenue 2022: $1,336,193Expenses 2022: $1,040,923Net Income 2022: $295,2702022Revenue 2023: $1,384,000Expenses 2023: $1,071,124Net Income 2023: $312,8762023Revenue 2024: $1,355,920Expenses 2024: $1,209,398Net Income 2024: $146,5222024

Highlighted filing

2024

Revenue$1,355,920
Expenses$1,209,398
Net Income$146,522

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 21, 2025
Return Version
2023v6.0
Gross Receipts
$1,355,920
Mission and Program Overview

Mission

Development and training fund

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,565,779$1,732,551▲ $166,772
Savings and Temporary Cash Investments$499,075$786,634▲ $287,559
Land, Buildings, and Equipment, Net$444,281$735,931▲ $291,650
Cash and Non-Interest-Bearing Accounts$936,508$435,073▼ $501,435
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,879,864$1,960,295▲ $80,431
Other Assets Total$0$2,657▲ $2,657
Liabilities
Other Liabilities$313,819$227,744▼ $86,075
Accounts Payable and Accrued Expenses$266$0▼ $266
Total Liabilities$314,085$227,744▼ $86,341
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,565,779$1,732,551▲ $166,772
Total Liabilities and Net Assets / Fund Balance$1,879,864$1,960,295▲ $80,431

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$525,579$661,478$1,187,057
Buildings$112,609$592,613$705,222
Other Land Buildings$0$414,424$414,424
Leasehold Improvements$38,647$36,097$74,744
Land$59,096-$59,096
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicholas TokarzTraining DirectorFT$112,427$75,191$187,618

Board Members and Trustees

NameTitle
Brian DowdenTrustee
David WillisTrustee
Ismael SulivanTrustee
Scott HollandTrustee
Brad SieversTrustee - New
Jeff SpinksTrustee - New
John MooneyTrustee - Past
Lawrence McmanamonTrustee-past
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,292,955
Investment Income
$38,790
Other Revenue
$24,175
Change in Net Assets
$146,522

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,355,920
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,355,920
Total Revenue per Form 990
$1,355,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$674,522
Salaries, Compensation, and Employee Benefits$534,876
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$333,381
Pension Plan Contributions---$148,139
Depreciation Depletion---$114,654
Occupancy---$99,532
Other Employee Benefits---$42,161
Insurance---$41,200
Other Expenses---$38,838
Office Expenses---$29,058
Payroll Taxes---$11,195
Fees for Services Accounting---$8,000
Fees for Services Legal---$2,000
Total Functional Expenses$0$0$0$1,209,398

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,209,398
Total Expenses per Audited Statements$1,209,398
Total Expenses per Form 990$1,209,398
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Local No. 374$227,744
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Conflict-of-interest policy
No
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 board of trustees is the governing body of the organization. There is no committee that acts on behalf of the board of trustees.

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

A copy of the form 990, which is prepared by the auditors, is reviewed by a trustee prior to the filing with the irs.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Local 374 Development and Training Fund
EIN
35-1757364
Phone
2198441000
Address
760 NORTH UNION STREET, HOBART, IN 46342

Signing Officer

Name
Brad Sievers
Title
Trustee
Phone
2198441000
Signed
2025-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Sievers
Formed
1988
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
6
Volunteers
0

Preparer

Firm
Legacy Professionals Llp
Address
4 WESTBROOK CORPORATE CTR STE 700, WESTCHESTER, IL 60154
Preparer
Julie Kazmierczak
Phone
3123680500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

The organization's board of trustees assumes the responsibility for the oversight of the audit of the financial statements. There has been no change to this process from the prior year.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require the trustees to evaluate tax positions taken by the fund and recognize a tax liability for any uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The fund is subject to routine audits by tax authorities; however, there are currently no audits for any tax periods in progress.

Raw XML Appendix390 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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01209398
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt059096
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt059096
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt038647
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt036097
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt074744
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0414424
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0414424
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0227744
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO LOCAL NO. 374
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01355920
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE TRUSTEES TO EVALUATE TAX POSITIONS TAKEN BY THE FUND AND RECOGNIZE A TAX LIABILITY FOR ANY UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0735931
IRS990ScheduleD/TotalExpensesPerForm990Amt01209398
IRS990ScheduleD/TotalLiabilityAmt0227744
IRS990ScheduleD/TotalRevenuePerForm990Amt01355920
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01355920
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01209398
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0112427
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt060201
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt014990
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0NICHOLAS TOKARZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TRAINING DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0187618
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES IS THE GOVERNING BODY OF THE ORGANIZATION. THERE IS NO COMMITTEE THAT ACTS ON BEHALF OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990, WHICH IS PREPARED BY THE AUDITORS, IS REVIEWED BY A TRUSTEE PRIOR TO THE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S BOARD OF TRUSTEES ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. THERE HAS BEEN NO CHANGE TO THIS PROCESS FROM THE PRIOR YEAR.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01879864
IRS990/TotalAssetsEOYAmt01960295
IRS990/TotalAssetsGrp/BOYAmt01879864
IRS990/TotalAssetsGrp/EOYAmt01960295
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/TotalAmt01209398
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0314085
IRS990/TotalLiabilitiesEOYAmt0227744
IRS990/TotalLiabilitiesGrp/BOYAmt0314085
IRS990/TotalLiabilitiesGrp/EOYAmt0227744
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01565779
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01732551
IRS990/TotalOtherCompensationAmt075191
IRS990/TotalProgramServiceRevenueAmt01292955
IRS990/TotalReportableCompFromOrgAmt0112427
IRS990/TotalRevenueGrp/ExclusionAmt062965
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01292955
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01355920
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01879864
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01960295
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0760 NORTH UNION STREET
IRS990/USAddress/CityNm0HOBART
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046342
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRAD SIEVERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum02198441000
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOCAL 374 DEVELOPMENT AND TRAINING FUND
ReturnHeader/Filer/BusinessNameControlTxt0LOCA
ReturnHeader/Filer/EIN0351757364
ReturnHeader/Filer/PhoneNum02198441000
ReturnHeader/Filer/USAddress/AddressLine1Txt0760 NORTH UNION STREET
ReturnHeader/Filer/USAddress/CityNm0HOBART
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046342
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0320043599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEGACY PROFESSIONALS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04 WESTBROOK CORPORATE CTR STE 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060154
ReturnHeader/PreparerPersonGrp/PhoneNum03123680500
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIE KAZMIERCZAK
ReturnHeader/ReturnTs02025-01-21T11:48:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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