Civic Intelligence

Iron Workers Lu 397 Apprenticeship

990 • Fiscal year 2023 • EIN 59-6365948

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 30, 2024

Organization ProfileWWW.IWL397
PO Box 18Mango, FL 33550

(813) 623-1515

Siviq Scores

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

Liabilities / Assets

65th percentile

0.03x

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

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

75th percentile

0.09x

Higher debt load relative to revenue than 75% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Net Margin

51st percentile

6.4%

Higher net margin than 51% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

75th percentile

$169,957

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 22.6% of source-year revenue.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Asset Growth

37th percentile

1.6%

Faster asset growth than 37% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

50th percentile

5.1%

Faster revenue growth than 50% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$2,024,360

Up $31,235 (+1.6%) from 2022

Net Assets

Up

$1,953,855

Up $47,999 (+2.5%) from 2022

Liabilities

Down

$70,505

Down $16,764 (-19%) from 2022

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin51st percentile

Revenue

Up

$750,992

Up $36,677 (+5.1%) from 2022

Expenses

Down

$702,993

Down $47,468 (-6.3%) from 2022

Net Income

Up

$47,999

Up $84,145 (+233%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,258,283Liabilities 2011: $14,617Net Assets 2011: $1,243,6662011Assets 2012: $1,189,847Liabilities 2012: $14,342Net Assets 2012: $1,175,5052012Assets 2013: $1,149,318Liabilities 2013: $22,611Net Assets 2013: $1,126,7072013Assets 2014: $1,020,576Liabilities 2014: $32,624Net Assets 2014: $987,9522014Assets 2015: $1,009,704Liabilities 2015: $19,247Net Assets 2015: $990,4572015Assets 2016: $1,172,367Liabilities 2016: $27,559Net Assets 2016: $1,144,8082016Assets 2017: $1,330,191Liabilities 2017: $26,940Net Assets 2017: $1,303,2512017Assets 2018: $1,556,875Liabilities 2018: $44,387Net Assets 2018: $1,512,4882018Assets 2019: $1,693,813Liabilities 2019: $29,859Net Assets 2019: $1,663,9542019Assets 2020: $1,880,981Liabilities 2020: $25,215Net Assets 2020: $1,855,7662020Assets 2021: $1,968,649Liabilities 2021: $26,647Net Assets 2021: $1,942,0022021Assets 2022: $1,993,125Liabilities 2022: $87,269Net Assets 2022: $1,905,8562022Assets 2023: $2,024,360Liabilities 2023: $70,505Net Assets 2023: $1,953,8552023Assets 2024: $2,153,166Liabilities 2024: $22,712Net Assets 2024: $2,130,4542024

Highlighted filing

2023

Assets$2,024,360
Liabilities$70,505
Net Assets$1,953,855
Open 2023 Filing

Operations Trend

Revenue Growth50th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $510,459Expenses 2011: $429,608Net Income 2011: $80,8512011Revenue 2012: $413,746Expenses 2012: $481,907Net Income 2012: -$68,1612012Revenue 2013: $492,687Expenses 2013: $541,485Net Income 2013: -$48,7982013Revenue 2014: $415,856Expenses 2014: $554,611Net Income 2014: -$138,7552014Revenue 2015: $466,479Expenses 2015: $463,974Net Income 2015: $2,5052015Revenue 2016: $644,018Expenses 2016: $489,667Net Income 2016: $154,3512016Revenue 2017: $690,393Expenses 2017: $531,950Net Income 2017: $158,4432017Revenue 2018: $810,387Expenses 2018: $601,150Net Income 2018: $209,2372018Revenue 2019: $787,130Expenses 2019: $635,664Net Income 2019: $151,4662019Revenue 2020: $789,074Expenses 2020: $597,262Net Income 2020: $191,8122020Revenue 2021: $712,946Expenses 2021: $626,710Net Income 2021: $86,2362021Revenue 2022: $714,315Expenses 2022: $750,461Net Income 2022: -$36,1462022Revenue 2023: $750,992Expenses 2023: $702,993Net Income 2023: $47,9992023Revenue 2024: $947,033Expenses 2024: $770,434Net Income 2024: $176,5992024

Highlighted filing

2023

Revenue$750,992
Expenses$702,993
Net Income$47,999
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 30, 2024
Return Version
2023v5.0
Gross Receipts
$750,992
Mission and Program Overview

Mission

To prepare apprentices to successfully navigate a career in the ironworking field and to instruct them in all aspects of the requirements to effectively become ironworkers.

To provide up-to-date training and instruction for apprentices in the field of ironworking.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$994,222$1,195,800▲ $201,578
Land, Buildings, and Equipment, Net$521,440$499,873▼ $21,567
Cash and Non-Interest-Bearing Accounts$342,580$223,643▼ $118,937
Accounts Receivable$121,851$98,456▼ $23,395
Prepaid Expenses and Deferred Charges$5,451$4,330▼ $1,121
Total Assets$1,993,125$2,024,360▲ $31,235
Other Assets Total$7,581$2,258▼ $5,323
Liabilities
Deferred Revenue$60,692$55,350▼ $5,342
Accounts Payable and Accrued Expenses$26,577$15,155▼ $11,422
Total Liabilities$87,269$70,505▼ $16,764
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,905,856$1,953,855▲ $47,999
Total Net Assets Fund Balance$1,905,856$1,953,855▲ $47,999
Total Liabilities and Net Assets / Fund Balance$1,993,125$2,024,360▲ $31,235

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$459,477$368,829$828,306
Equipment$27,042$173,023$200,065
Other Land Buildings$13,354$114,860$128,214
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleOtherTotal
Travis PhelpsChairman$146,123$146,123

Board Members and Trustees

NameTitle
Butch KinneyTrustee
Greg GianakosTrustee
Keven BarberCo-chariman
Preston TaylorSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$719,505
Program Service Revenue
$0
Investment Income
$21,780
Other Revenue
$9,707
All Other Contributions
$719,505
Change in Net Assets
$47,999

Audited Revenue Reconciliation

Revenue per Audited Statements
$750,992
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$750,992
Total Revenue per Form 990
$750,992
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$396,201
Other Expenses$306,792
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$259,255
Payments to Affiliates---$70,477
Pension Plan Contributions---$67,787
Occupancy---$53,454
Other Employee Benefits---$48,871
Depreciation Depletion---$36,951
Payroll Taxes---$20,288
Insurance---$17,547
Other Expenses---$12,047
Fees for Services Accounting---$11,312
Fees for Services Legal---$9,600
Office Expenses---$9,536
Information Technology---$7,151
Travel---$4,299
Conferences and Meetings---$3,923
Advertising---$500
Interest---$14
Total Functional Expenses$0$0$0$702,993

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$702,993
Total Expenses per Audited Statements$702,993
Total Expenses per Form 990$702,993
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
Backup withholding compliance
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
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, Section B, Line 11B

“Form 990 is presented to the officers at a board meeting prior to its filing date. If no meeting is scheduled, all officers are notified that the form is available in the office.”

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

“The trustees complete the checklist for monitoring your conflict of interest policy annually. In addition all employees, officers and trustees complete the conflict of interest certification and disclosure form annually after receipt and review of the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“The top management officials are the chairman and co chairman. Both of these positions are unpaid positions. Additionally, the secretary and trustees are unpaid positions. If an officer or trustee receives pay, they are not paid for their work as officers or trustees but are paid for other duties performed for the apprenticeship fund. Their wages are determined using the industrial journeyman scale of the local union and the foreman wage scale.”

Form 990, Part VI, Section C, Line 19

“A copy of the governing documents, policies and financial statements are available for inspection at all times in the office.”

Filing and Contact Details

Filer

Filer Name
Iron Workers Lu 397 Apprenticeship
EIN
59-6365948
Phone
8136231515
Address
PO BOX 18, MANGO, FL 33550

Signing Officer

Name
Keven Barber
Title
Co-chairman
Phone
8136231515
Signed
2024-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keven Barber
Formed
1971
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
8
Volunteers
0

Preparer

Firm
Bates CPA Pllc
Address
610 E ZACK ST STE 504, TAMPA, FL 33602
Preparer
Brennan Bates CPA
Phone
8138030025
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“There has been no change in the process from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Income not directly related to the fund's tax-exempt purpose is subject to taxation as unrelated business income. For the years ended december 31, 2023 and 2022, the fund has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements. Additionally, the fund believes it has conducted its operations in accordance with, and has properly maintained, its tax-exempt status. Tax returns for the years 2021 through 2023 are subject to examination by the internal revenue service.”

Raw XML Appendix384 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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CO-CHARIMAN
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0169957
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PRESENTED TO THE OFFICERS AT A BOARD MEETING PRIOR TO ITS FILING DATE. IF NO MEETING IS SCHEDULED, ALL OFFICERS ARE NOTIFIED THAT THE FORM IS AVAILABLE IN THE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUSTEES COMPLETE THE CHECKLIST FOR MONITORING YOUR CONFLICT OF INTEREST POLICY ANNUALLY. IN ADDITION ALL EMPLOYEES, OFFICERS AND TRUSTEES COMPLETE THE CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM ANNUALLY AFTER RECEIPT AND REVIEW OF THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TOP MANAGEMENT OFFICIALS ARE THE CHAIRMAN AND CO CHAIRMAN. BOTH OF THESE POSITIONS ARE UNPAID POSITIONS. ADDITIONALLY, THE SECRETARY AND TRUSTEES ARE UNPAID POSITIONS. IF AN OFFICER OR TRUSTEE RECEIVES PAY, THEY ARE NOT PAID FOR THEIR WORK AS OFFICERS OR TRUSTEES BUT ARE PAID FOR OTHER DUTIES PERFORMED FOR THE APPRENTICESHIP FUND. THEIR WAGES ARE DETERMINED USING THE INDUSTRIAL JOURNEYMAN SCALE OF THE LOCAL UNION AND THE FOREMAN WAGE SCALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT ALL TIMES IN THE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAS BEEN NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0SHARED SERVICE AGREEMENT
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IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt02024360
IRS990/TotalAssetsGrp/BOYAmt01993125
IRS990/TotalAssetsGrp/EOYAmt02024360
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0719505
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09707
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0750992
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02024360
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IRS990/TravelGrp/TotalAmt04299
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVEN BARBER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-CHAIRMAN
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-30
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823948764
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BATES CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0610 E ZACK ST STE 504
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TAMPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033602
ReturnHeader/PreparerPersonGrp/PhoneNum08138030025
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENNAN BATES CPA
ReturnHeader/ReturnTs02024-05-01T06:34:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KEVEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BARBER
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,024,360
Liabilities
$70,505
Net assets
$1,953,855
Revenue
$750,992
Expenses
$702,993
Net income
$47,999
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.02$2.13$0.95$0.77$0.18
2023Detailed filing. Detailed filing data is available for this year.$2.02$0.07$1.95$0.75$0.70$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$0.09$1.91$0.71$0.75$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.03$1.94$0.71$0.63$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.03$1.86$0.79$0.60$0.19
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.03$1.66$0.79$0.64$0.15
2018Summary only. Only limited summary data is available for this year.$1.56$0.04$1.51$0.81$0.60$0.21
2017Summary only. Only limited summary data is available for this year.$1.33$0.03$1.30$0.69$0.53$0.16
2016Summary only. Only limited summary data is available for this year.$1.17$0.03$1.14$0.64$0.49$0.15
2015Summary only. Only limited summary data is available for this year.$1.01$0.02$0.99$0.47$0.46$0.00
2014Summary only. Only limited summary data is available for this year.$1.02$0.03$0.99$0.42$0.55$0.14
2013Summary only. Only limited summary data is available for this year.$1.15$0.02$1.13$0.49$0.54$0.05
2012Summary only. Only limited summary data is available for this year.$1.19$0.01$1.18$0.41$0.48$0.07
2011Summary only. Only limited summary data is available for this year.$1.26$0.01$1.24$0.51$0.43$0.08