Civic Intelligence

The Apprentice Training Fund for Local 1 of the Iabsoiw

990 • Fiscal year 2019 • EIN 36-2405186

Aug 01, 2018 to Jul 31, 2019 • Filed on Jul 08, 2020

Organization Profilewww.IWLOCAL1.com
7740 Industrial DriveForest Park, IL 60130-2520

(708) 366-8181

Siviq Scores

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

Liabilities / Assets

57th percentile

0.02x

Higher debt load relative to assets than 57% of similar nonprofits.

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

Liabilities / Revenue

71st percentile

0.07x

Higher debt load relative to revenue than 71% of similar nonprofits.

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

Net Margin

67th percentile

13%

Higher net margin than 67% of similar nonprofits.

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

Top Officer Pay

92nd percentile

$242,248

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 22.9% of source-year revenue.

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

Asset Growth

44th percentile

4.4%

Faster asset growth than 44% of similar nonprofits.

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

Revenue Growth

65th percentile

6.9%

Faster revenue growth than 65% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$3,394,532

Up $141,603 (+4.4%) from 2018

Net Assets

Up

$3,316,289

Up $137,551 (+4.3%) from 2018

Liabilities

Up

$78,243

Up $4,052 (+5.5%) from 2018

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin67th percentile

Revenue

Up

$1,055,817

Up $68,064 (+6.9%) from 2018

Expenses

Up

$918,266

Up $43,362 (+5.0%) from 2018

Net Income

Up

$137,551

Up $24,702 (+22%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $3,019,386Liabilities 2010: $102,144Net Assets 2010: $2,917,2422010Assets 2011: $2,844,852Liabilities 2011: $106,169Net Assets 2011: $2,738,6832011Assets 2012: $2,631,617Liabilities 2012: $72,145Net Assets 2012: $2,559,4722012Assets 2013: $2,490,301Liabilities 2013: $66,966Net Assets 2013: $2,423,3352013Assets 2014: $2,704,406Liabilities 2014: $68,764Net Assets 2014: $2,635,6422014Assets 2015: $2,942,123Liabilities 2015: $112,750Net Assets 2015: $2,829,3732015Assets 2016: $2,987,940Liabilities 2016: $56,658Net Assets 2016: $2,931,2822016Assets 2017: $3,135,966Liabilities 2017: $70,077Net Assets 2017: $3,065,8892017Assets 2018: $3,252,929Liabilities 2018: $74,191Net Assets 2018: $3,178,7382018Assets 2019: $3,394,532Liabilities 2019: $78,243Net Assets 2019: $3,316,2892019Assets 2020: $3,530,033Liabilities 2020: $61,813Net Assets 2020: $3,468,2202020Assets 2021: $3,757,234Liabilities 2021: $70,269Net Assets 2021: $3,686,9652021Assets 2022: $3,879,134Liabilities 2022: $81,483Net Assets 2022: $3,797,6512022Assets 2023: $3,991,389Liabilities 2023: $91,614Net Assets 2023: $3,899,7752023Assets 2024: $4,117,240Liabilities 2024: $20,802Net Assets 2024: $4,096,4382024

Highlighted filing

2019

Assets$3,394,532
Liabilities$78,243
Net Assets$3,316,289
Open 2019 Filing

Operations Trend

Revenue Growth65th percentile

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

$1.5M$1.0M$500K$0Expenses 2010: $861,0462010Expenses 2011: $735,8812011Expenses 2012: $823,1152012Expenses 2013: $793,9152013Revenue 2014: $878,071Expenses 2014: $665,764Net Income 2014: $212,3072014Revenue 2015: $946,004Expenses 2015: $752,273Net Income 2015: $193,7312015Revenue 2016: $1,002,499Expenses 2016: $886,983Net Income 2016: $115,5162016Revenue 2017: $1,093,256Expenses 2017: $958,649Net Income 2017: $134,6072017Revenue 2018: $987,753Expenses 2018: $874,904Net Income 2018: $112,8492018Revenue 2019: $1,055,817Expenses 2019: $918,266Net Income 2019: $137,5512019Revenue 2020: $967,140Expenses 2020: $815,209Net Income 2020: $151,9312020Revenue 2021: $1,067,294Expenses 2021: $848,549Net Income 2021: $218,7452021Revenue 2022: $976,118Expenses 2022: $865,432Net Income 2022: $110,6862022Revenue 2023: $1,056,961Expenses 2023: $954,837Net Income 2023: $102,1242023Revenue 2024: $1,089,141Expenses 2024: $892,478Net Income 2024: $196,6632024

Highlighted filing

2019

Revenue$1,055,817
Expenses$918,266
Net Income$137,551
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Jul 8, 2020
Return Version
2018v3.2
Gross Receipts
$1,055,817
Mission and Program Overview

Mission

Training apprentice ironworkers to become productive workers in a fast paced workforce.

Training apprentice ironworkers

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,595,000$1,745,000▲ $150,000
Land, Buildings, and Equipment, Net$1,272,895$1,206,593▼ $66,302
Cash and Non-Interest-Bearing Accounts$235,583$325,600▲ $90,017
Accounts Receivable$134,365$83,042▼ $51,323
Prepaid Expenses and Deferred Charges$15,086$34,297▲ $19,211
Total Assets$3,252,929$3,394,532▲ $141,603
Liabilities
Accounts Payable and Accrued Expenses$74,191$78,243▲ $4,052
Total Liabilities$74,191$78,243▲ $4,052
Net Assets / Fund Balance
Unrestricted Net Assets$3,178,738$3,316,289▲ $137,551
Total Net Assets Fund Balance$3,178,738$3,316,289▲ $137,551
Total Liabilities and Net Assets / Fund Balance$3,252,929$3,394,532▲ $141,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$939,731$1,764,273$2,704,004
Equipment$90,364$587,081$677,445
Land$176,498-$176,498
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert BassCoordinatorFT$180,463$61,785$242,248

Board Members and Trustees

NameTitle
Patrick ClarkDirector, Chairperson
Craig A SatalicDirector
Kenneth DavisDirector
Robert J McGee JrDirector
James GardinerDirector, Secretary
Adrian CaballeroDirector, Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,030,838
Investment Income
$24,979
Other Revenue
$0
Change in Net Assets
$137,551

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,055,817
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,055,817
Total Revenue per Form 990
$1,055,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$509,817
Other Expenses$408,449
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$195,313
Office Expenses---$191,489
Current Officers, Directors, Trustees, and Key Employees---$180,463
Occupancy---$106,849
Depreciation Depletion---$70,912
Other Employee Benefits---$68,924
Pension Plan Contributions---$38,388
Payroll Taxes---$26,729
Fees for Services Legal---$19,302
Insurance---$12,372
Fees for Services Accounting---$5,590
Travel---$1,935
Total Functional Expenses$0$0$0$918,266

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$918,266
Total Expenses per Audited Statements$918,266
Total Expenses per Form 990$918,266
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
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

Governance Explanations

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

“The board members are given a copy of the Form 990 prior to filing.”

Form 990, Part VI, Section B, line 15

“The Board approves all compensation adjustments not covered by union agreements.”

Form 990, Part VI, Section C, line 19

“The governing documents are provided upon written request for the same period of disclosure as set forth in IRC Section 6104(D).”

Filing and Contact Details

Filer

Filer Name
The Apprentice Training Fund for Local 1
EIN
36-2405186
Phone
7083668181
Address
7740 Industrial Drive, Forest Park, IL 60130-2520

Signing Officer

Name
Robert Bass
Title
Apprentice Coordinator
Phone
7083668181
Signed
2020-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Bass
Formed
1953
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
9
Volunteers
6

Preparer

Firm
Rsm US Llp
Address
1 S Wacker Drive Ste 800, Chicago, IL 60606
Preparer
Rebekuh Eley
Phone
3126343400
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The Trust follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Trust may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Trust, and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At July 31, 2019, there were no unrecognized tax benefits identified or recorded as liabilities. The Trust files Forms 990 in the U.S. federal jurisdiction and the State of Illinois.”

Raw XML Appendix347 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/SupplementalInformationDetail/ExplanationTxt0The Trust follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Trust may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Trust, and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At July 31, 2019, there were no unrecognized tax benefits identified or recorded as liabilities. The Trust files Forms 990 in the U.S. federal jurisdiction and the State of Illinois.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt027400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Robert Bass
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Coordinator
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0242248
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board members are given a copy of the Form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board approves all compensation adjustments not covered by union agreements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing documents are provided upon written request for the same period of disclosure as set forth in IRC Section 6104(D).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03252929
IRS990/TotalAssetsEOYAmt03394532
IRS990/TotalAssetsGrp/BOYAmt03252929
IRS990/TotalAssetsGrp/EOYAmt03394532
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/TotalAmt0918266
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt074191
IRS990/TotalLiabilitiesEOYAmt078243
IRS990/TotalLiabilitiesGrp/BOYAmt074191
IRS990/TotalLiabilitiesGrp/EOYAmt078243
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03178738
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03316289
IRS990/TotalOtherCompensationAmt061785
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt053664
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt053664
IRS990/TotalProgramServiceRevenueAmt01030838
IRS990/TotalReportableCompFromOrgAmt0180463
IRS990/TotalRevenueGrp/ExclusionAmt024979
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01030838
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01055817
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03252929
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03394532
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt01935
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03178738
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03316289
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07740 Industrial Drive
IRS990/USAddress/CityNm0Forest Park
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd0601302520
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.IWLOCAL1.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-09-10 13:11:23Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Bass
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Apprentice Coordinator
ReturnHeader/BusinessOfficerGrp/PhoneNum07083668181
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Apprentice Training Fund for Local 1
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Of The IABSOIW
ReturnHeader/Filer/BusinessNameControlTxt0APPR
ReturnHeader/Filer/EIN0362405186
ReturnHeader/Filer/PhoneNum07083668181
ReturnHeader/Filer/USAddress/AddressLine1Txt07740 Industrial Drive
ReturnHeader/Filer/USAddress/CityNm0Forest Park
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd0601302520
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02A28FA2E2A09A40AF4F0A751499BE74D16D20E85
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.181.213.116
ReturnHeader/FilingSecurityInformation/IPDt02020-07-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:50:40
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01 S Wacker Drive Ste 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03126343400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rebekuh Eley
ReturnHeader/ReturnTs02020-07-10T08:58:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-08-01
ReturnHeader/TaxPeriodEndDt02019-07-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,394,532
Liabilities
$78,243
Net assets
$3,316,289
Revenue
$1,055,817
Expenses
$918,266
Net income
$137,551
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.12$0.02$4.10$1.09$0.89$0.20
2023Detailed filing. Detailed filing data is available for this year.$3.99$0.09$3.90$1.06$0.95$0.10
2022Detailed filing. Detailed filing data is available for this year.$3.88$0.08$3.80$0.98$0.87$0.11
2021Detailed filing. Detailed filing data is available for this year.$3.76$0.07$3.69$1.07$0.85$0.22
2020Detailed filing. Detailed filing data is available for this year.$3.53$0.06$3.47$0.97$0.82$0.15
2019Detailed filing. Detailed filing data is available for this year.$3.39$0.08$3.32$1.06$0.92$0.14
2018Detailed filing. Detailed filing data is available for this year.$3.25$0.07$3.18$0.99$0.87$0.11
2017Detailed filing. Detailed filing data is available for this year.$3.14$0.07$3.07$1.09$0.96$0.13
2016Detailed filing. Detailed filing data is available for this year.$2.99$0.06$2.93$1.00$0.89$0.12
2015Detailed filing. Detailed filing data is available for this year.$2.94$0.11$2.83$0.95$0.75$0.19
2014Detailed filing. Detailed filing data is available for this year.$2.70$0.07$2.64$0.88$0.67$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$0.07$2.42$0.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.63$0.07$2.56$0.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.84$0.11$2.74$0.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$0.10$2.92$0.86