Civic Intelligence

The Apprentice Training Fund for Local 1 of the Iabsoiw

990 • Fiscal year 2020 • EIN 36-2405186

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 15, 2021

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

55th percentile

0.02x

Higher debt load relative to assets than 55% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.06x

Higher debt load relative to revenue than 67% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Net Margin

68th percentile

16%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

95th percentile

$271,354

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 28.1% of source-year revenue.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Asset Growth

39th percentile

4.0%

Faster asset growth than 39% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

28th percentile

-8.4%

Faster revenue growth than 28% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$3,530,033

Up $135,501 (+4.0%) from 2019

Net Assets

Up

$3,468,220

Up $151,931 (+4.6%) from 2019

Liabilities

Down

$61,813

Down $16,430 (-21%) from 2019

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin68th percentile

Revenue

Down

$967,140

Down $88,677 (-8.4%) from 2019

Expenses

Down

$815,209

Down $103,057 (-11%) from 2019

Net Income

Up

$151,931

Up $14,380 (+10%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2020

Assets$3,530,033
Liabilities$61,813
Net Assets$3,468,220
Open 2020 Filing

Operations Trend

Revenue Growth28th 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

2020

Revenue$967,140
Expenses$815,209
Net Income$151,931
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 15, 2021
Return Version
2019v5.2
Gross Receipts
$967,140
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$1,745,000$1,745,000→ $0
Land, Buildings, and Equipment, Net$1,206,593$1,118,069▼ $88,524
Cash and Non-Interest-Bearing Accounts$325,600$556,359▲ $230,759
Accounts Receivable$83,042$72,345▼ $10,697
Prepaid Expenses and Deferred Charges$34,297$38,260▲ $3,963
Total Assets$3,394,532$3,530,033▲ $135,501
Liabilities
Accounts Payable and Accrued Expenses$78,243$61,813▼ $16,430
Total Liabilities$78,243$61,813▼ $16,430
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,316,289$3,468,220▲ $151,931
Total Net Assets Fund Balance$3,316,289$3,468,220▲ $151,931
Total Liabilities and Net Assets / Fund Balance$3,394,532$3,530,033▲ $135,501

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$860,530$1,843,474$2,704,004
Equipment$81,041$596,404$677,445
Land$176,498-$176,498
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert BassCoordinatorFT$180,463$90,891$271,354

Board Members and Trustees

NameTitle
Patrick ClarkTrustee, Chairperson
Craig A SatalicTrustee
Kenneth DavisTrustee
Matt AustinTrustee
Robert J McGee JrTrustee, Secretary
James GardinerTrustee, Secretary (Until 12/19)
Adrian CaballeroTrustee, Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$931,258
Investment Income
$35,882
Other Revenue
$0
Change in Net Assets
$151,931

Audited Revenue Reconciliation

Revenue per Audited Statements
$967,140
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$967,140
Total Revenue per Form 990
$967,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$420,778
Other Expenses$394,431
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$241,794
Office Expenses---$178,342
Other Salaries and Wages---$155,311
Depreciation Depletion---$88,524
Occupancy---$81,647
Insurance---$24,720
Payroll Taxes---$23,673
Fees for Services Legal---$15,348
Fees for Services Accounting---$5,850
Total Functional Expenses$0$0$0$815,209

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$815,209
Total Expenses per Audited Statements$815,209
Total Expenses per Form 990$815,209
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 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 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
2021-06-15
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
10
Volunteers
6

Preparer

Firm
Rsm US Llp
Address
30 S Wacker Drive Ste 3300, 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 (UBTI). 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, 2020, 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 Appendix346 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 (UBTI). 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, 2020, 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/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt056446
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt034445
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Robert Bass
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Coordinator
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0271354
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03394532
IRS990/TotalAssetsEOYAmt03530033
IRS990/TotalAssetsGrp/BOYAmt03394532
IRS990/TotalAssetsGrp/EOYAmt03530033
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/TotalAmt0815209
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt078243
IRS990/TotalLiabilitiesEOYAmt061813
IRS990/TotalLiabilitiesGrp/BOYAmt078243
IRS990/TotalLiabilitiesGrp/EOYAmt061813
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03316289
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03468220
IRS990/TotalOtherCompensationAmt090891
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt046502
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt046502
IRS990/TotalProgramServiceRevenueAmt0931258
IRS990/TotalReportableCompFromOrgAmt0180463
IRS990/TotalRevenueGrp/ExclusionAmt035882
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0931258
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0967140
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03394532
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03530033
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Bass
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Apprentice Coordinator
ReturnHeader/BusinessOfficerGrp/PhoneNum07083668181
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-15
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/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt030 S Wacker Drive Ste 3300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03126343400
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rebekuh Eley
ReturnHeader/ReturnTs02021-06-15T16:11:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-08-01
ReturnHeader/TaxPeriodEndDt02020-07-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,530,033
Liabilities
$61,813
Net assets
$3,468,220
Revenue
$967,140
Expenses
$815,209
Net income
$151,931
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