Civic Intelligence

Pipe Fitters' Training Fund Local 597

990 • Fiscal year 2014 • EIN 36-2536349

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 10, 2015

Organization ProfileWWW.PF597.ORG

View Organization Page

10850 W 187th StreetMokena, IL 60448

(708) 326-9240

Siviq Scores

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

Liabilities / Assets

34th percentile

0.08x

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

2014 filings • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

36th percentile

0.20x

Higher debt load relative to revenue than 36% of similar nonprofits.

2014 filings • $50M-$100M nonprofits • Source year 2014

Net Margin

50th percentile

5.1%

Higher net margin than 50% of similar nonprofits.

2014 filings • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

51st percentile

$272,892

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2014 filings • $50M-$100M nonprofits • Source year 2014

Asset Growth

62nd percentile

7.0%

Faster asset growth than 62% of similar nonprofits.

2014 filings • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

23rd percentile

-4.7%

Faster revenue growth than 23% of similar nonprofits.

2014 filings • $50M-$100M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$52,981,148

Up $3,443,082 (+7.0%) from 2013

Net Assets

Up

$48,534,423

Up $1,358,011 (+2.9%) from 2013

Liabilities

Up

$4,446,725

Up $2,085,071 (+88%) from 2013

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin50th percentile

Revenue

Down

$22,693,866

Down $1,127,249 (-4.7%) from 2013

Expenses

Up

$21,530,549

Up $806,111 (+3.9%) from 2013

Net Income

Down

$1,163,317

Down $1,933,360 (-62%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$80M$60M$40M$20M$0Assets 2010: $30,319,133Liabilities 2010: $3,055,544Net Assets 2010: $27,263,5892010Assets 2011: $37,381,826Liabilities 2011: $2,704,091Net Assets 2011: $34,677,7352011Assets 2012: $45,857,225Liabilities 2012: $2,696,039Net Assets 2012: $43,161,1862012Assets 2013: $49,538,066Liabilities 2013: $2,361,654Net Assets 2013: $47,176,4122013Assets 2014: $52,981,148Liabilities 2014: $4,446,725Net Assets 2014: $48,534,4232014Assets 2015: $52,322,354Liabilities 2015: $1,695,268Net Assets 2015: $50,627,0862015Assets 2016: $50,717,097Liabilities 2016: $1,579,942Net Assets 2016: $49,137,1552016Assets 2017: $51,355,952Liabilities 2017: $3,235,256Net Assets 2017: $48,120,6962017Assets 2018: $54,170,986Liabilities 2018: $5,701,435Net Assets 2018: $48,469,5512018Assets 2019: $55,247,258Liabilities 2019: $5,411,914Net Assets 2019: $49,835,3442019Assets 2020: $63,704,395Liabilities 2020: $5,000,853Net Assets 2020: $58,703,5422020Assets 2021: $67,804,506Liabilities 2021: $3,165,114Net Assets 2021: $64,639,3922021Assets 2022: $59,160,127Liabilities 2022: $2,006,824Net Assets 2022: $57,153,3032022Assets 2023: $64,483,353Liabilities 2023: $2,997,604Net Assets 2023: $61,485,7492023Assets 2024: $66,929,240Liabilities 2024: $4,176,153Net Assets 2024: $62,753,0872024

Highlighted filing

2014

Assets$52,981,148
Liabilities$4,446,725
Net Assets$48,534,423
Open 2014 Filing

Operations Trend

Revenue Growth23rd percentile

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

$40M$20M$0-$20MExpenses 2010: $13,043,4792010Expenses 2011: $14,725,1082011Expenses 2012: $18,398,4102012Revenue 2013: $23,821,115Expenses 2013: $20,724,438Net Income 2013: $3,096,6772013Revenue 2014: $22,693,866Expenses 2014: $21,530,549Net Income 2014: $1,163,3172014Revenue 2015: $21,955,557Expenses 2015: $22,193,592Net Income 2015: -$238,0352015Revenue 2016: $22,979,417Expenses 2016: $24,667,290Net Income 2016: -$1,687,8732016Revenue 2017: $21,701,682Expenses 2017: $23,057,528Net Income 2017: -$1,355,8462017Revenue 2018: $23,729,017Expenses 2018: $23,172,198Net Income 2018: $556,8192018Revenue 2019: $26,587,900Expenses 2019: $26,033,644Net Income 2019: $554,2562019Revenue 2020: $25,594,591Expenses 2020: $17,339,023Net Income 2020: $8,255,5682020Revenue 2021: $30,663,437Expenses 2021: $24,836,440Net Income 2021: $5,826,9972021Revenue 2022: $29,944,198Expenses 2022: $35,627,893Net Income 2022: -$5,683,6952022Revenue 2023: $31,503,413Expenses 2023: $28,289,923Net Income 2023: $3,213,4902023Revenue 2024: $33,276,188Expenses 2024: $32,744,059Net Income 2024: $532,1292024

Highlighted filing

2014

Revenue$22,693,866
Expenses$21,530,549
Net Income$1,163,317
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 10, 2015
Return Version
2014v5.0
Gross Receipts
$70,119,972
Mission and Program Overview

Mission

Provide training in the pipe fitting trade.

Training and development of skills of apprentices and journeymen in the pipe fitting industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$47,176,412$48,534,423▲ $1,358,011
Land, Buildings, and Equipment, Net$18,286,260$31,663,799▲ $13,377,539
Investments in Publicly Traded Securities$24,217,807$16,841,763▼ $7,376,044
Accounts Receivable$1,800,869$2,072,793▲ $271,924
Cash and Non-Interest-Bearing Accounts$2,049,161$1,427,592▼ $621,569
Savings and Temporary Cash Investments$2,946,916$938,426▼ $2,008,490
Prepaid Expenses and Deferred Charges$37,422$36,775▼ $647
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$49,538,066$52,981,148▲ $3,443,082
Other Assets Total$199,631$0▼ $199,631
Liabilities
Other Liabilities$400,163$2,880,743▲ $2,480,580
Accounts Payable and Accrued Expenses$1,192,897$1,565,982▲ $373,085
Mortgage Notes Payable Secured by Investment Property$768,594$0▼ $768,594
Total Liabilities$2,361,654$4,446,725▲ $2,085,071
Net Assets / Fund Balance
Total Net Assets Fund Balance$47,176,412$48,534,423▲ $1,358,011
Total Liabilities and Net Assets / Fund Balance$49,538,066$52,981,148▲ $3,443,082

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,170,672$4,347,875$31,518,547
Equipment$1,654,809$5,088,384$6,743,193
Land$2,499,812-$2,499,812
Other Land Buildings$338,506$884,071$1,222,577
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John LeenTraining DirectorFT$176,757$96,135$272,892
Michael PelegrinoInstructorFT$149,262$57,775$207,037
Kevin LakomiakInstructorFT$148,756$57,434$206,190
Matthew MajszakAssistant DirectorFT$144,900$56,729$201,629
Monte KimesInstructorFT$144,060$57,434$201,494
Richard HobsonInstructorFT$140,465$56,752$197,217

Board Members and Trustees

NameTitle
Gregory KrohTrustee
James BuchananTrustee
John CurranTrustee
Kevin MorrisseyTrustee
Marc PittasTrustee
Michael MaloneyTrustee
Stephen LambTrustee
Thomas KotelTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Berglund Construction CoConstruction & Building Maintenance8410 S SOUTH CHICAGO AVENUE, Chicago, IL 60617$13,845,584
Total Electric INCBuilding Maintenance16308 S 107TH AVENUE, Orland Park, IL 60467$835,320
Sj Smith CompanyBldg Maintenance/training & Edu. Materia3930 MICHIGAN STREET, Hammond, IN 46323$526,769
National Decorating ServiceBldg Maintenance/training & Edu. Materia2210 CAMDEN COURT, Oakbrook, IL 60523$304,319
Chicago Tube And IronBldg Maintenance/training & Edu. Materia1 CHICAGO TUBE DRIVE, Romeoville, IL 60446$298,913
Revenue and Support

Revenue Composition

Contributions and Grants
$750,000
Program Service Revenue
$21,355,605
Investment Income
$580,134
Other Revenue
$8,127
Change in Net Assets
$1,163,317

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,691,316
Revenue Not Reported on Financial Statements
$2,550
Revenue Not Reported on Form 990
$194,694
Total Revenue per Audited Statements
$22,886,010
Total Revenue per Form 990
$22,693,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,996,143
Other Expenses$8,534,406
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$8,882,191
Occupancy---$2,922,681
Other Employee Benefits---$1,772,706
Pension Plan Contributions---$1,337,775
Depreciation Depletion---$1,289,962
Payments to Affiliates---$971,190
Payroll Taxes---$757,819
Office Expenses---$295,818
Current Officers, Directors, Trustees, and Key Employees---$245,652
Advertising---$226,661
Insurance---$183,538
Information Technology---$149,385
Fees for Services Legal---$100,159
Conferences and Meetings---$98,488
Fees for Services Accounting---$35,105
Travel---$24,200
Other Expenses---$18,919
All Other Expenses---$4,066
Fees for Services Other---$2,550
Total Functional Expenses$0$0$0$21,530,549

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$21,530,549
Expenses per Audited Statements$21,527,999
Total Expenses per Audited Statements$21,527,999
Expenses Not Reported on Financial Statements$2,550
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
Deferred Lease Deposit$2,500,000
Estimated Liability - Employment Contract$361,222
Due to Broker$12,538
Capital Lease Obligation$5,620
DUE TO PIPE FITTERS' WELFARE FUND, LOCAL 597$1,363
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
Yes
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 organization has no committees with the authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11

“The form 990 is prepared by an independent accounting firm and provided to the entire governing body for their careful review and approval.”

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

“Salaries are reviewed annually and approved by the board of trustees.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial statements are available upon request at the office of the fund.”

Filing and Contact Details

Filer

Filer Name
PIPE FITTERS' TRAINING FUND LOCAL 597
EIN
36-2536349
Phone
7083269240
Address
10850 W 187TH STREET, MOKENA, IL 60448

Signing Officer

Name
Kevin Morrissey
Title
Trustee
Phone
3126330597
Signed
2015-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Morrissey
Formed
1949
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
7
Employees
893
Volunteers
0

Preparer

Firm
Legacy Professionals Llp
Address
311 SOUTH WACKER DRIVE SUITE 4000, CHICAGO, IL 60606
Preparer
Victor Ancich
Phone
3123680500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The fund is exempt from federal income taxes under section 501(c)(5) of the internal revenue code, except on net income derived from unrelated business activities which for 2014 the fund has determined there was none. Accordingly, no provision for income taxes has been recorded in the financial statements. The fund files form 990, return of organization exempt from income tax, and form 5500, annual return/report of employee benefit plan. The fund's returns are subject to examination by the interal revenue service until the applicable statute of limitation expires.”

Raw XML AppendixShowing 400 of 655 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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IRS990/Form990PartVIISectionAGrp/PersonNm11RICHARD HOBSON
IRS990/Form990PartVIISectionAGrp/PersonNm12MONTE KIMES
IRS990/Form990PartVIISectionAGrp/PersonNm13MATTHEW MAJSZAK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8186243
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9149262
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10148756
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11140465
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12144060
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13144900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6169415
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRAINING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9INSTRUCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10INSTRUCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11INSTRUCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12INSTRUCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASSISTANT DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01949
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0189750
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0750000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt047615856
IRS990/GrossReceiptsAmt070119972
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt023
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0149385
IRS990/InsuranceGrp/TotalAmt0183538
IRS990/InvestmentIncomeGrp/ExclusionAmt0390384
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0390384
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt024217807
IRS990/InvestmentsPubTradedSecGrp/EOYAmt016841763
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010320330
IRS990/LandBldgEquipBasisNetGrp/BOYAmt018286260
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031663799
IRS990/LandBldgEquipCostOrOtherBssAmt041984129
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt047426106
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE TRAINING IN THE PIPE FITTING TRADE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0768594
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt047176412
IRS990/NetAssetsOrFundBalancesEOYAmt048534423
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0189750
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0189750
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0194694
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02922681
IRS990/OfficeExpensesGrp/TotalAmt0295818
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0199631
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01772706
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL EXPENSES
IRS990/OtherExpensesGrp/Desc1LOSS ON DISPOSAL OF PRO
IRS990/OtherExpensesGrp/Desc2DRUG SCREENING
IRS990/OtherExpensesGrp/Desc3SERVICES PROVIDED BY WE
IRS990/OtherExpensesGrp/TotalAmt01956857
IRS990/OtherExpensesGrp/TotalAmt1225254
IRS990/OtherExpensesGrp/TotalAmt229573
IRS990/OtherExpensesGrp/TotalAmt318919
IRS990/OtherLiabilitiesGrp/BOYAmt0400163
IRS990/OtherLiabilitiesGrp/EOYAmt02880743
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt08127
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08127
IRS990/OtherRevenueTotalAmt08127
IRS990/OtherSalariesAndWagesGrp/TotalAmt08882191
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt0971190
IRS990/PayrollTaxesGrp/TotalAmt0757819
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt01337775
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt037422
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036775
IRS990/PrincipalOfficerNm0KEVIN MORRISSEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1MIDWEST TRAINING CENTER SUBSIDY
IRS990/ProgramServiceRevenueGrp/Desc2EDUCATIONAL FEES
IRS990/ProgramServiceRevenueGrp/Desc3REIMB. ADMIN. EXPENSES
IRS990/ProgramServiceRevenueGrp/Desc4LIQUIDATED DAMAGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017407512
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13648720
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2148929
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3117766
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt432678
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017407512
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13648720
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2148929
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3117766
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt432678
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0269295
IRS990/PYOtherExpensesAmt08741858
IRS990/PYOtherRevenueAmt04465
IRS990/PYProgramServiceRevenueAmt023547355
IRS990/PYRevenuesLessExpensesAmt03096677
IRS990/PYSalariesCompEmpBnftPaidAmt011982580
IRS990/PYTotalExpensesAmt020724438
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt023821115
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01163317
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt047176412
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt048534423
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02946916
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0938426
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt027170672
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04347875
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt031518547
IRS990ScheduleD/EquipmentGrp/BookValueAmt01654809
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05088384
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06743193
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02550
IRS990ScheduleD/ExpensesSubtotalAmt021527999
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt02550
IRS990ScheduleD/InvestmentExpensesNotIncldAmt02550
IRS990ScheduleD/LandGrp/BookValueAmt02499812
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02499812
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0194694
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0338506
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0884071
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01222577
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0361222
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15620
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt212538
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31363
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt42500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ESTIMATED LIABILITY - EMPLOYMENT CONTRACT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO BROKER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO PIPE FITTERS' WELFARE FUND, LOCAL 597
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DEFERRED LEASE DEPOSIT
IRS990ScheduleD/RevenueNotReportedAmt0194694
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02550
IRS990ScheduleD/RevenueSubtotalAmt022691316
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES WHICH FOR 2014 THE FUND HAS DETERMINED THERE WAS NONE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. THE FUND FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, AND FORM 5500, ANNUAL RETURN/REPORT OF EMPLOYEE BENEFIT PLAN. THE FUND'S RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERAL REVENUE SERVICE UNTIL THE APPLICABLE STATUTE OF LIMITATION EXPIRES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031663799

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$52,981,148
Liabilities
$4,446,725
Net assets
$48,534,423
Revenue
$22,693,866
Expenses
$21,530,549
Net income
$1,163,317
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$66.9$4.18$62.8$33.3$32.7$0.53
2023Detailed filing. Detailed filing data is available for this year.$64.5$3.00$61.5$31.5$28.3$3.21
2022Detailed filing. Detailed filing data is available for this year.$59.2$2.01$57.2$29.9$35.6$5.68
2021Detailed filing. Detailed filing data is available for this year.$67.8$3.17$64.6$30.7$24.8$5.83
2020Detailed filing. Detailed filing data is available for this year.$63.7$5.00$58.7$25.6$17.3$8.26
2019Detailed filing. Detailed filing data is available for this year.$55.2$5.41$49.8$26.6$26.0$0.55
2018Detailed filing. Detailed filing data is available for this year.$54.2$5.70$48.5$23.7$23.2$0.56
2017Detailed filing. Detailed filing data is available for this year.$51.4$3.24$48.1$21.7$23.1$1.36
2016Detailed filing. Detailed filing data is available for this year.$50.7$1.58$49.1$23.0$24.7$1.69
2015Detailed filing. Detailed filing data is available for this year.$52.3$1.70$50.6$22.0$22.2$0.24
2014Detailed filing. Detailed filing data is available for this year.$53.0$4.45$48.5$22.7$21.5$1.16
2013Detailed filing. Detailed filing data is available for this year.$49.5$2.36$47.2$23.8$20.7$3.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.9$2.70$43.2$18.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.4$2.70$34.7$14.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.3$3.06$27.3$13.0