Civic Intelligence

Plumbers & Steamfitters Local Union No 33 Education Fund

EIN 42-0836255 • 501(c)5 • Des Moines, IA

Profile

The purposes of this trust shall be to provide the training and education of plumber and steamfitter apprentices and journeymen.

2501 Bell AvenueDes Moines, IA 50321

www.ualocal33.org

Siviq Scores

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

Liabilities / Assets

65th percentile

0.04x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)5 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.06x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)5 • $5M-$10M nonprofits • Source year 2024

Net Margin

42nd percentile

7.2%

Higher net margin than 42% of similar nonprofits.

501(c)5 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

44th percentile

$187,058

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

501(c)5 • $5M-$10M nonprofits • Source year 2024

Asset Growth

45th percentile

6.6%

Faster asset growth than 45% of similar nonprofits.

501(c)5 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

72nd percentile

15%

Faster revenue growth than 72% of similar nonprofits.

501(c)5 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,729,974

Up $478,788 (+6.6%) from 2023

Liabilities

Up

$306,386

Up $50,832 (+20%) from 2023

Net Assets

Up

$7,423,588

Up $427,956 (+6.1%) from 2023

Revenue

Up

$4,758,083

Up $626,511 (+15%) from 2023

Expenses

Up

$4,415,935

Up $291,697 (+7.1%) from 2023

Net Income

Up

$342,148

Up $334,814 (+4565%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $867,676Liabilities 2010: $42,029Net Assets 2010: $825,6472010Assets 2011: $971,787Liabilities 2011: $42,229Net Assets 2011: $929,5582011Assets 2012: $1,178,436Liabilities 2012: $36,769Net Assets 2012: $1,141,6662012Assets 2013: $1,888,711Liabilities 2013: $131,750Net Assets 2013: $1,756,9612013Assets 2014: $2,381,138Liabilities 2014: $42,098Net Assets 2014: $2,339,0402014Assets 2015: $2,968,207Liabilities 2015: $48,213Net Assets 2015: $2,919,9942015Assets 2016: $4,298,215Liabilities 2016: $70,817Net Assets 2016: $4,227,3982016Assets 2017: $4,982,086Liabilities 2017: $83,451Net Assets 2017: $4,898,6352017Assets 2018: $5,754,706Liabilities 2018: $81,865Net Assets 2018: $5,672,8412018Assets 2019: $6,429,093Liabilities 2019: $97,143Net Assets 2019: $6,331,9502019Assets 2020: $7,718,725Liabilities 2020: $206,392Net Assets 2020: $7,512,3332020Assets 2021: $7,686,899Liabilities 2021: $108,750Net Assets 2021: $7,578,1492021Assets 2022: $6,872,313Liabilities 2022: $136,458Net Assets 2022: $6,735,8552022Assets 2023: $7,251,186Liabilities 2023: $255,554Net Assets 2023: $6,995,6322023Assets 2024: $7,729,974Liabilities 2024: $306,386Net Assets 2024: $7,423,5882024

Highlighted filing

2024

Assets$7,729,974
Liabilities$306,386
Net Assets$7,423,588

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,460,9232010Expenses 2011: $1,236,0232011Expenses 2012: $1,149,2672012Revenue 2013: $1,922,991Expenses 2013: $1,297,351Net Income 2013: $625,6402013Revenue 2014: $1,959,267Expenses 2014: $1,366,249Net Income 2014: $593,0182014Revenue 2015: $2,104,875Expenses 2015: $1,475,930Net Income 2015: $628,9452015Revenue 2016: $2,819,753Expenses 2016: $1,557,962Net Income 2016: $1,261,7912016Revenue 2017: $2,502,406Expenses 2017: $1,932,527Net Income 2017: $569,8792017Revenue 2018: $3,227,817Expenses 2018: $2,267,191Net Income 2018: $960,6262018Revenue 2019: $3,405,748Expenses 2019: $3,033,783Net Income 2019: $371,9652019Revenue 2020: $3,536,086Expenses 2020: $2,550,473Net Income 2020: $985,6132020Revenue 2021: $3,419,938Expenses 2021: $3,301,098Net Income 2021: $118,8402021Revenue 2022: $3,419,310Expenses 2022: $3,664,546Net Income 2022: -$245,2362022Revenue 2023: $4,131,572Expenses 2023: $4,124,238Net Income 2023: $7,3342023Revenue 2024: $4,758,083Expenses 2024: $4,415,935Net Income 2024: $342,1482024

Highlighted filing

2024

Revenue$4,758,083
Expenses$4,415,935
Net Income$342,148

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.73$0.31$7.42$4.76$4.42$0.34
2023Detailed filing. Detailed filing data is available for this year.$7.25$0.26$7.00$4.13$4.12$0.01
2022Detailed filing. Detailed filing data is available for this year.$6.87$0.14$6.74$3.42$3.66$0.25
2021Detailed filing. Detailed filing data is available for this year.$7.69$0.11$7.58$3.42$3.30$0.12
2020Detailed filing. Detailed filing data is available for this year.$7.72$0.21$7.51$3.54$2.55$0.99
2019Detailed filing. Detailed filing data is available for this year.$6.43$0.10$6.33$3.41$3.03$0.37
2018Detailed filing. Detailed filing data is available for this year.$5.75$0.08$5.67$3.23$2.27$0.96
2017Detailed filing. Detailed filing data is available for this year.$4.98$0.08$4.90$2.50$1.93$0.57
2016Detailed filing. Detailed filing data is available for this year.$4.30$0.07$4.23$2.82$1.56$1.26
2015Detailed filing. Detailed filing data is available for this year.$2.97$0.05$2.92$2.10$1.48$0.63
2014Detailed filing. Detailed filing data is available for this year.$2.38$0.04$2.34$1.96$1.37$0.59
2013Detailed filing. Detailed filing data is available for this year.$1.89$0.13$1.76$1.92$1.30$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.04$1.14$1.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.04$0.93$1.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.04$0.83$1.46
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 28, 2025
Return Version
2024v5.0
Gross Receipts
$4,758,083
Mission and Program Overview

Mission

The purposes of this trust shall be to provide the training and education of plumber and steamfitter apprentices and journeymen.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,508,414$4,902,809▲ $394,395
Land, Buildings, and Equipment, Net$1,500,243$1,449,676▼ $50,567
Savings and Temporary Cash Investments$910,860$982,889▲ $72,029
Accounts Receivable$297,036$339,727▲ $42,691
Prepaid Expenses and Deferred Charges$31,569$32,015▲ $446
Total Assets$7,251,186$7,729,974▲ $478,788
Other Assets Total$3,064$22,858▲ $19,794
Liabilities
Accounts Payable and Accrued Expenses$250,806$302,356▲ $51,550
Other Liabilities$4,748$4,030▼ $718
Total Liabilities$255,554$306,386▲ $50,832
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,995,632$7,423,588▲ $427,956
Total Net Assets Fund Balance$6,995,632$7,423,588▲ $427,956
Total Liabilities and Net Assets / Fund Balance$7,251,186$7,729,974▲ $478,788

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$297,491$1,781,120$2,078,611
Leasehold Improvements$1,152,185$813,485$1,965,670
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeremy LindquistTraining DirectorFT$131,318$55,740$187,058
Brian PattonInstructorFT$122,134$55,740$177,874
Chris OnstotInstructorFT$122,134$55,740$177,874
James BirdInstructorFT$122,134$55,740$177,874
Lee GardInstructorFT$122,134$55,740$177,874
William EricksonInstructorFT$122,134$55,740$177,874

Board Members and Trustees

NameTitle
Jason ShanksChairman
Curt BakerTrustee
Dan SchumacherTrustee
Jason NortonTrustee
Jim Shaffer JrTrustee
Joe HannamTrustee
Toni KnightTrustee
Rob CrossSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$269,440
Program Service Revenue
$4,095,363
Investment Income
$368,289
Other Revenue
$24,991
Change in Net Assets
$342,148

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,733,822
Revenue Not Reported on Financial Statements
$24,261
Revenue Not Reported on Form 990
$85,808
Total Revenue per Audited Statements
$4,819,630
Total Revenue per Form 990
$4,758,083
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,913,301
Salaries, Compensation, and Employee Benefits$1,502,634
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,175,144
Occupancy---$557,127
Depreciation Depletion---$237,571
Current Officers, Directors, Trustees, and Key Employees---$187,058
Office Expenses---$119,498
Payroll Taxes---$76,729
Advertising---$56,706
Other Expenses---$48,112
Pension Plan Contributions---$39,356
Fees for Services Legal---$32,815
Fees for Services Accounting---$32,250
Conferences and Meetings---$28,728
Insurance---$24,906
Other Employee Benefits---$24,347
Fees for Service Investment Mgmnt Fees---$24,261
All Other Expenses---$16,649
Total Functional Expenses$0$0$0$4,415,935

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,415,935
Expenses per Audited Statements$4,391,674
Total Expenses per Audited Statements$4,391,674
Expenses Not Reported on Financial Statements$24,261
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
Payroll Liabilities$4,030
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
Yes
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, Page 6, Part VI, Line 11B

The board members are provided a copy of the form 990 to review before the form 990 is electronically filed with the irs.

Form 990, Page 6, Part VI, Line 15A

Compensation is based on the collective bargaining agreement and reviewed by the board annually.

Form 990, Page 6, Part VI, Line 15B

Compensation is based on the collective bargaining agreement and reviewed by the board annually.

Form 990, Page 6, Part VI, Line 19

Form 990 is available upon request at the fund's office.

Filing and Contact Details

Filer

Filer Name
Iowa Pipe Trades & Hvac Training
EIN
42-0836255
Phone
5155580499
Address
2501 BELL AVENUE, DES MOINES, IA 50321

Signing Officer

Name
Jason Shanks
Title
Chairman
Phone
5155580499
Signed
2025-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Shanks
Formed
1955
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
11

Preparer

Firm
Deboer & Associates Pc
Address
17330 WRIGHT ST STE 100, OMAHA, NE 68130-2157
Preparer
Eryn Stevens
Phone
4023335200
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Management of the fund believes that the fund has taken no uncertain tax positions that require adjustment to the financial statements in order to comply with the provisions of this guidance.

Raw XML AppendixShowing 400 of 468 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/OtherExpensesGrp/Desc0TRAINING,MATERIALS& SUPP.
IRS990/OtherExpensesGrp/Desc1TRAINEE ROOM AND BOARD
IRS990/OtherExpensesGrp/Desc2TEXTBOOKS
IRS990/OtherExpensesGrp/Desc3DISTRICT 4 CONTEST
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT OF THE FUND BELIEVES THAT THE FUND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS IN ORDER TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JEREMY LINDQUIST
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JAMES BIRD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2WILLIAM ERICKSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3LEE GARD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4CHRIS ONSTOT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5BRIAN PATTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TRAINING DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1INSTRUCTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2INSTRUCTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3INSTRUCTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4INSTRUCTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5INSTRUCTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD MEMBERS ARE PROVIDED A COPY OF THE FORM 990 TO REVIEW BEFORE THE FORM 990 IS ELECTRONICALLY FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION IS BASED ON THE COLLECTIVE BARGAINING AGREEMENT AND REVIEWED BY THE BOARD ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS BASED ON THE COLLECTIVE BARGAINING AGREEMENT AND REVIEWED BY THE BOARD ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS AVAILABLE UPON REQUEST AT THE FUND'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PLUMBERS & STEAM LOCAL 33 H&W FD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1PLUMBERS & STEAM LOCAL 33 PENSION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PENSION PL
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt12501 BELL AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DES MOINES
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