Civic Intelligence

Local 624 Training Program

990 • Fiscal year 2021 • EIN 47-3444941

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

Organization ProfileN/A
202 Katie StreetRichland, MS 39218

(601) 353-3914

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

67th percentile

24%

Higher net margin than 67% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

41st percentile

5.1%

Faster asset growth than 41% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

3.0%

Faster revenue growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,061,495

Up $51,842 (+5.1%) from 2020

Net Assets

Up

$1,061,495

Up $54,121 (+5.4%) from 2020

Liabilities

Down

$0

Down $2,279 (-100%) from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin67th percentile

Revenue

Up

$187,586

Up $5,448 (+3.0%) from 2020

Expenses

Up

$142,923

Up $96,570 (+208%) from 2020

Net Income

Down

$44,663

Down $91,122 (-67%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$1.5M$1.0M$500K$0Assets 2015: $75,093Liabilities 2015: $0Net Assets 2015: $75,0932015Assets 2016: $485,658Liabilities 2016: $0Net Assets 2016: $485,6582016Assets 2017: $612,147Liabilities 2017: $14,341Net Assets 2017: $597,8062017Assets 2018: $768,664Liabilities 2018: $4,947Net Assets 2018: $763,7172018Assets 2019: $898,533Liabilities 2019: $26,944Net Assets 2019: $871,5892019Assets 2020: $1,009,653Liabilities 2020: $2,279Net Assets 2020: $1,007,3742020Assets 2021: $1,061,495Liabilities 2021: $0Net Assets 2021: $1,061,4952021Assets 2022: $1,099,377Liabilities 2022: $2,387Net Assets 2022: $1,096,9902022Assets 2023: $1,169,259Liabilities 2023: $1,778Net Assets 2023: $1,167,4812023Assets 2024: $1,332,483Liabilities 2024: $0Net Assets 2024: $1,332,4832024

Highlighted filing

2021

Assets$1,061,495
Liabilities$0
Net Assets$1,061,495
Open 2021 Filing

Operations Trend

Revenue Growth37th percentile

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

$600K$400K$200K$0Revenue 2015: $79,543Expenses 2015: $4,450Net Income 2015: $75,0932015Revenue 2016: $160,286Expenses 2016: $19,721Net Income 2016: $140,5652016Revenue 2017: $118,454Expenses 2017: $6,306Net Income 2017: $112,1482017Revenue 2018: $182,637Expenses 2018: $16,726Net Income 2018: $165,9112018Revenue 2019: $124,307Expenses 2019: $14,544Net Income 2019: $109,7632019Revenue 2020: $182,138Expenses 2020: $46,353Net Income 2020: $135,7852020Revenue 2021: $187,586Expenses 2021: $142,923Net Income 2021: $44,6632021Revenue 2022: $255,690Expenses 2022: $206,121Net Income 2022: $49,5692022Revenue 2023: $352,351Expenses 2023: $281,861Net Income 2023: $70,4902023Revenue 2024: $467,637Expenses 2024: $302,635Net Income 2024: $165,0022024

Highlighted filing

2021

Revenue$187,586
Expenses$142,923
Net Income$44,663
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.0
Gross Receipts
$189,986
Mission and Program Overview

Mission

Local 624 training program is a trust between the international union of operating engineers local 624 and any employer who contributes to the trust fund pursuant to collective bargaining agreements. The purpose of the training program is to provide education, training and instruction for heavy equipment operation and maintenance to apprentices. The funding is provided by the employers who make payments to the training program to provide benefits to covered employees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,006,683$583,644▼ $423,039
Investments in Publicly Traded Securities-$417,799-
Land, Buildings, and Equipment, Net$2,970$60,052▲ $57,082
Total Assets$1,009,653$1,061,495▲ $51,842
Liabilities
Other Liabilities$2,279--
Total Liabilities$2,279$0▼ $2,279
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,007,374$1,061,495▲ $54,121
Total Net Assets Fund Balance$1,007,374$1,061,495▲ $54,121
Total Liabilities and Net Assets / Fund Balance$1,009,653$1,061,495▲ $51,842

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$60,052$9,816$69,868
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Coby GravesPresident
Louis HendersonTrustee
Steven GlenTrustee
Shane BillsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$189,945
Investment Income
$-2,359
Other Revenue
$0
Change in Net Assets
$44,663

Audited Revenue Reconciliation

Revenue per Audited Statements
$187,586
Total Revenue per Audited Statements
$187,586
Total Revenue per Form 990
$187,586
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$86,728
Salaries, Compensation, and Employee Benefits$56,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$35,769--$35,769
Fees for Services Other$7,426$18,009-$25,435
Fees for Services Legal$22,054--$22,054
Pension Plan Contributions$17,522--$17,522
Depreciation Depletion$13,169--$13,169
Occupancy$11,690--$11,690
Insurance$5,729--$5,729
Payroll Taxes$2,904--$2,904
Travel$1,544--$1,544
Other Expenses$1,050$844-$844
Fees for Services Accounting-$648-$648
Office Expenses-$44-$44
Total Functional Expenses$122,221$20,702$0$142,923

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$142,923
Expenses per Audited Statements$133,465
Total Expenses per Audited Statements$133,465
Expenses Not Reported on Financial Statements$9,458
Other Expense Adjustments$9,458
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI

“A copy of form 990 is provided to the organization prior to filing.”

Form 990, Page 6, Part VI, Line 11B

“The board members are given a copy of the form 990 to review prior to the return being filed.”

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

“There was no compensation paid to any employees in the year ended december 31, 2020. The policy for the program is the board of directors determines compesation of all employees based on comparabile data of similar organizations and experience levels of those employees in their positions. All compensation levels are discussed, approved and reviewed annually by the board.”

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

“There was no compensation paid to any employees in the year ended december 31, 2020. The policy for the program is the board of directors determines compesation of all employees based on comparabile data of similar organizations and experience levels of those employees in their positions. The policy of the training program is - all compensation levels will be discussed, approved and reviewed annually by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Local 624 Training Fund
EIN
47-3444941
Phone
6013533914
Address
202 KATIE STREET, RICHLAND, MS 39218

Signing Officer

Name
Coby Graves
Title
President
Phone
6013533914
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Coby Graves
Formed
2015
Legal Domicile
Ms
Voting Board Members
4
Independent Board Members
0
Employees
1

Preparer

Firm
Lenahan Smith & Bargiachi Pc
Address
1080 BROOKFIELD RD, MEMPHIS, TN 38119
Preparer
J Anthony Smith CPA
Phone
9016841100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Local 624 training program is a trust between the international union of operating engineers local 624 and any employer who contributes to the trust fund pursuant to collective bargaining agreements. The purpose of the training program is to provide education, training and instruction for heavy equipment operation and maintenance to apprentices. The funding is provided by the employers who make payments to the training program to provide benefits to covered employees.”

Form 990, Part III

“To provide education, training and instruction for heavy eqiupment operation and maintenance.”

Form 990, Page 2, Part III, Line 4D

“To provide education, training and instruction for heavy equipment operation and maintenance.”

Form 990, Part IX, Line 11G

“Shared employee expense 0 18,009 0 training classes 5,758 0 0 outside services 1,668 0 0 total 7,426 18,009 0”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 9,458”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

“Book / tax depreciation difference 9,458”

Raw XML Appendix341 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LOCAL 624 TRAINING PROGRAM IS A TRUST BETWEEN THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 624 AND ANY EMPLOYER WHO CONTRIBUTES TO THE TRUST FUND PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS. THE PURPOSE OF THE TRAINING PROGRAM IS TO PROVIDE EDUCATION, TRAINING AND INSTRUCTION FOR HEAVY EQUIPMENT OPERATION AND MAINTENANCE TO APPRENTICES. THE FUNDING IS PROVIDED BY THE EMPLOYERS WHO MAKE PAYMENTS TO THE TRAINING PROGRAM TO PROVIDE BENEFITS TO COVERED EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO PROVIDE EDUCATION, TRAINING AND INSTRUCTION FOR HEAVY EQIUPMENT OPERATION AND MAINTENANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO PROVIDE EDUCATION, TRAINING AND INSTRUCTION FOR HEAVY EQUIPMENT OPERATION AND MAINTENANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD MEMBERS ARE GIVEN A COPY OF THE FORM 990 TO REVIEW PRIOR TO THE RETURN BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE WAS NO COMPENSATION PAID TO ANY EMPLOYEES IN THE YEAR ENDED DECEMBER 31, 2020. THE POLICY FOR THE PROGRAM IS THE BOARD OF DIRECTORS DETERMINES COMPESATION OF ALL EMPLOYEES BASED ON COMPARABILE DATA OF SIMILAR ORGANIZATIONS AND EXPERIENCE LEVELS OF THOSE EMPLOYEES IN THEIR POSITIONS. ALL COMPENSATION LEVELS ARE DISCUSSED, APPROVED AND REVIEWED ANNUALLY BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE WAS NO COMPENSATION PAID TO ANY EMPLOYEES IN THE YEAR ENDED DECEMBER 31, 2020. THE POLICY FOR THE PROGRAM IS THE BOARD OF DIRECTORS DETERMINES COMPESATION OF ALL EMPLOYEES BASED ON COMPARABILE DATA OF SIMILAR ORGANIZATIONS AND EXPERIENCE LEVELS OF THOSE EMPLOYEES IN THEIR POSITIONS. THE POLICY OF THE TRAINING PROGRAM IS - ALL COMPENSATION LEVELS WILL BE DISCUSSED, APPROVED AND REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SHARED EMPLOYEE EXPENSE 0 18,009 0 TRAINING CLASSES 5,758 0 0 OUTSIDE SERVICES 1,668 0 0 TOTAL 7,426 18,009 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BOOK / TAX DEPRECIATION DIFFERENCE 9,458
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LENAHAN SMITH & BARGIACHI PC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
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ReturnHeader/PreparerPersonGrp/PhoneNum09016841100
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J ANTHONY SMITH CPA
ReturnHeader/ReturnTs02022-11-09T16:40:56-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,061,495
Liabilities
$0
Net assets
$1,061,495
Revenue
$187,586
Expenses
$142,923
Net income
$44,663
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.47$0.30$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.35$0.28$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.26$0.21$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.19$0.14$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.18$0.05$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.90$0.03$0.87$0.12$0.01$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.76$0.18$0.02$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.61$0.01$0.60$0.12$0.01$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.16$0.02$0.14
2015Summary only. Only limited summary data is available for this year.$0.08$0.00$0.08$0.08$0.00$0.08