Civic Intelligence

Electrical Joint Apprenticeship & Training Fund Local 388

990 • Fiscal year 2023 • EIN 39-6259511

Jun 01, 2022 to May 31, 2023 • Filed on Dec 22, 2023

2730 Dairy Dr 102Madison, WI 53718-6882

(608) 221-3321

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)9 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)9 • <$500k nonprofits • Source year 2023

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

2023 filings • 501(c)9 • <$500k nonprofits • Source year 2023

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)9 • <$500k nonprofits • Source year 2023

Asset Growth

77th percentile

11%

Faster asset growth than 77% of similar nonprofits.

2023 filings • 501(c)9 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

71st percentile

12%

Faster revenue growth than 71% of similar nonprofits.

2023 filings • 501(c)9 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$358,428

Up $35,968 (+11%) from 2022

Net Assets

Up

$358,428

Up $35,968 (+11%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$209,462

Up $22,073 (+12%) from 2022

Expenses

Up

$173,494

Up $157 (+0.1%) from 2022

Net Income

Up

$35,968

Up $21,916 (+156%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $161,633Liabilities 2011: $0Net Assets 2011: $161,6332011Assets 2012: $169,273Liabilities 2012: $0Net Assets 2012: $169,2732012Assets 2013: $169,801Liabilities 2013: $02013Assets 2014: $147,521Liabilities 2014: $0Net Assets 2014: $147,5212014Assets 2015: $162,859Liabilities 2015: $0Net Assets 2015: $162,8592015Assets 2016: $187,079Liabilities 2016: $0Net Assets 2016: $187,0792016Assets 2017: $212,015Liabilities 2017: $0Net Assets 2017: $212,0152017Assets 2018: $223,668Liabilities 2018: $0Net Assets 2018: $223,6682018Assets 2019: $252,182Liabilities 2019: $0Net Assets 2019: $252,1822019Assets 2020: $271,943Liabilities 2020: $0Net Assets 2020: $271,9432020Assets 2021: $308,408Liabilities 2021: $0Net Assets 2021: $308,4082021Assets 2022: $322,460Liabilities 2022: $0Net Assets 2022: $322,4602022Assets 2023: $358,428Liabilities 2023: $0Net Assets 2023: $358,4282023Assets 2024: $401,352Liabilities 2024: $0Net Assets 2024: $401,3522024Assets 2025: $481,026Liabilities 2025: $0Net Assets 2025: $481,0262025

Highlighted filing

2023

Assets$358,428
Liabilities$0
Net Assets$358,428

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $53,330Expenses 2011: $45,592Net Income 2011: $7,7382011Revenue 2012: $65,703Expenses 2012: $58,063Net Income 2012: $7,6402012Revenue 2013: $52,657Expenses 2013: $49,134Net Income 2013: $3,5232013Revenue 2014: $62,381Expenses 2014: $84,661Net Income 2014: -$22,2802014Revenue 2015: $74,078Expenses 2015: $58,740Net Income 2015: $15,3382015Revenue 2016: $113,918Expenses 2016: $89,698Net Income 2016: $24,2202016Revenue 2017: $101,607Expenses 2017: $76,671Net Income 2017: $24,9362017Revenue 2018: $105,383Expenses 2018: $93,730Net Income 2018: $11,6532018Revenue 2019: $132,100Expenses 2019: $103,586Net Income 2019: $28,5142019Revenue 2020: $156,159Expenses 2020: $136,398Net Income 2020: $19,7612020Revenue 2021: $158,576Expenses 2021: $122,111Net Income 2021: $36,4652021Revenue 2022: $187,389Expenses 2022: $173,337Net Income 2022: $14,0522022Revenue 2023: $209,462Expenses 2023: $173,494Net Income 2023: $35,9682023Revenue 2024: $211,057Expenses 2024: $168,133Net Income 2024: $42,9242024Revenue 2025: $231,239Expenses 2025: $151,565Net Income 2025: $79,6742025

Highlighted filing

2023

Revenue$209,462
Expenses$173,494
Net Income$35,968
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Dec 22, 2023
Return Version
2022v5.0
Gross Receipts
$209,462
Mission and Program Overview

Mission

A trust fund that supports a program for training and education of apprentice electricians, journey-level worker electricians, and all other electrician classifications in the area covered by the collective bargaining agreement.

Support training and education of apprentice electricians, journey-level worker electricians, and all other electrician classifications in the area covered by the collective bargaining agreement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$321,434$357,402▲ $35,968
Cash and Non-Interest-Bearing Accounts$1,026$1,026→ $0
Total Assets$322,460$358,428▲ $35,968
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$322,460$358,428▲ $35,968
Total Net Assets Fund Balance$322,460$358,428▲ $35,968
Total Liabilities and Net Assets / Fund Balance$322,460$358,428▲ $35,968
Compensation and Service Providers

Board Members and Trustees

NameTitle
Patrick PalecekChairman
Andy BeckerTrustee
Jason KayTrustee
Michael Van ErtTrustee
Zach NewtonTrustee
Dean MillerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$207,617
Investment Income
$1,845
Other Revenue
$0
Change in Net Assets
$35,968

Audited Revenue Reconciliation

Revenue per Audited Statements
$209,462
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$209,462
Total Revenue per Form 990
$209,462
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$171,694
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$30,776
Conferences and Meetings---$10,818
Other Expenses---$6,546
Insurance---$4,319
Fees for Services Accounting---$3,200
Benefits to Members---$1,800
Total Functional Expenses$0$0$0$173,494

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$173,494
Total Expenses per Audited Statements$173,494
Total Expenses per Form 990$173,494
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The union has the power to appoint three trustees to the governing board.

Form 990, Part VI, Section A, Line 7B

Any changes to the trust agreement must be approved by the board of directors of the union and by the fund's board of trustees.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees with authority to act on behalf of the governing body.

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

The prepared form 990 is reviewed and approved by the trustees before the return is filed with the irs.

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

The trustees annually complete and sign a statement that discloses interests that could give rise to conflicts. Any person with a conflict is prohibited from participating in the trustees' deliberations and decisions in the transaction.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Electrical Joint Apprenticeship &
EIN
39-6259511
Phone
6082213321
Address
2730 DAIRY DR 102, MADISON, WI 53718-6882

Signing Officer

Name
Patrick Palecek
Title
Chairman
Phone
6082213321
Signed
2023-12-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Palecek
Formed
2006
Legal Domicile
Wi
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Tim Seidel CPA
Phone
6082744020
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

INSTRUCTOR COSTS 30,776.

Raw XML Appendix305 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.

Path#Value
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IRS990/ActivityOrMissionDesc0SUPPORT TRAINING AND EDUCATION OF APPRENTICE ELECTRICIANS, JOURNEY-LEVEL WORKER ELECTRICIANS, AND ALL OTHER ELECTRICIAN CLASSIFICATIONS IN THE AREA COVERED BY THE COLLECTIVE BARGAINING AGREEMENT.
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IRS990/BooksInCareOfDetail/USAddress/CityNm0MADISON
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IRS990/Desc0THE TRUST FUND PROVIDED PROGRAMS FOR THE EDUCATION AND TRAINING OF PARTICIPANTS, APPRENTICES, JOURNEY-LEVEL WORKER ELECTRICIANS, AND ALL OTHER ELECTRICIAN CLASSIFICATIONS THAT ARE COVERED BY THE COLLECTIVE BARGAINING AGREEMENT. TRAINING WAS PROVIDED FOR APPROXIMATELY ONE-HUNDRED (100) APPRENTICES AND FOUR-HUNDRED-AND NINE (409) PARTICIPANTS, JOURNEY LEVEL WORKER ELECTRICIANS, AND ALL OTHER ELECTRICIAN CLASSIFICATIONS THAT ARE COVERED BY THE INSIDE COLLECTIVE BARGAINING AGREEMENT DURING THE YEAR. THE TRUST FUND ALSO PROVIDED TRAINING TO SIX (6) INSTRUCTORS THROUGH INSTRUCTOR IMPROVEMENT AND TRAINING COURSES, AND THREE (3) COMMITTEE MEMBERS THROUGH CONFERENCE(S) AND/OR TRAINING COURSE(S).
IRS990/DescribedInSection501c3Ind00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
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IRS990/Form990PartVIISectionAGrp/PersonNm1DEAN MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL VAN ERT
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IRS990/Form990PartVIISectionAGrp/PersonNm4JASON KAY
IRS990/Form990PartVIISectionAGrp/PersonNm5ANDY BECKER
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0209462
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
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IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
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IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
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IRS990/MissionDesc0A TRUST FUND THAT SUPPORTS A PROGRAM FOR TRAINING AND EDUCATION OF APPRENTICE ELECTRICIANS, JOURNEY-LEVEL WORKER ELECTRICIANS, AND ALL OTHER ELECTRICIAN CLASSIFICATIONS IN THE AREA COVERED BY THE COLLECTIVE BARGAINING AGREEMENT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE UNION HAS THE POWER TO APPOINT THREE TRUSTEES TO THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY CHANGES TO THE TRUST AGREEMENT MUST BE APPROVED BY THE BOARD OF DIRECTORS OF THE UNION AND BY THE FUND'S BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE TRUSTEES BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TRUSTEES ANNUALLY COMPLETE AND SIGN A STATEMENT THAT DISCLOSES INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE TRUSTEES' DELIBERATIONS AND DECISIONS IN THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INSTRUCTOR COSTS 30,776.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd00
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IRS990/SubjectToProxyTaxInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0322460
IRS990/TotalAssetsEOYAmt0358428
IRS990/TotalAssetsGrp/BOYAmt0322460
IRS990/TotalAssetsGrp/EOYAmt0358428
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02730 DAIRY DR 102
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd0537186882
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICK PALECEK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06082213321
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-12-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELECTRICAL JOINT APPRENTICESHIP &
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0TRAINING FUND LOCAL 388
ReturnHeader/Filer/BusinessNameControlTxt0ELEC
ReturnHeader/Filer/EIN0396259511
ReturnHeader/Filer/PhoneNum06082213321
ReturnHeader/Filer/USAddress/AddressLine1Txt02730 DAIRY DR 102
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd0537186882
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390974031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEGNER CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02921 LANDMARK PL STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0537134236
ReturnHeader/PreparerPersonGrp/PhoneNum06082744020
ReturnHeader/PreparerPersonGrp/PreparationDt02023-12-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIM SEIDEL CPA
ReturnHeader/ReturnTs02024-01-16T09:54:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PATRICK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PALECEK
ReturnHeader/TaxPeriodBeginDt02022-06-01
ReturnHeader/TaxPeriodEndDt02023-05-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.81$0.00$4.81$2.31$1.52$0.80
2024Detailed filing. Detailed filing data is available for this year.$4.01$0.00$4.01$2.11$1.68$0.43
2023Detailed filing. Detailed filing data is available for this year.$3.58$0.00$3.58$2.09$1.73$0.36
2022Detailed filing. Detailed filing data is available for this year.$3.22$0.00$3.22$1.87$1.73$0.14
2021Detailed filing. Detailed filing data is available for this year.$3.08$0.00$3.08$1.59$1.22$0.36
2020Detailed filing. Detailed filing data is available for this year.$2.72$0.00$2.72$1.56$1.36$0.20
2019Detailed filing. Detailed filing data is available for this year.$2.52$0.00$2.52$1.32$1.04$0.29
2018Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$1.05$0.94$0.12
2017Detailed filing. Detailed filing data is available for this year.$2.12$0.00$2.12$1.02$0.77$0.25
2016Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$1.14$0.90$0.24
2015Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$0.74$0.59$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.62$0.85$0.22
2013Summary only. Only limited summary data is available for this year.$1.70$0.00$0.53$0.49$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.00$1.69$0.66$0.58$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.00$1.62$0.53$0.46$0.08
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)9 • <$500k nonprofits