Austin Electrical Joint Apprenticeship & Training Tr Fund

“Prior to filing, the 990 is reviewed by board members during a meeting of the governing body.”

“Salary for the training director is set by the bargaining agreement between the local and the participating contractors.”

“The governing documents and financials are available to the public upon written request to the board.”

“The organization is filing an amended return to reflect multiple corrected amounts reported for revenue, expenses, assets and net assets due to changes in the 2020, 2021, and 2022 audited financials from the time of the original 990 filing to the completion of the audit. The summary of changes to the core 990 forms are as follows: - the prior year column on part i and beginning of the year column on part x changed due to 2021 amendment filing. - part iv, line 12a has been updated and checked yes as there was an audit completed for 2022. - part viii, line 1e (government grants) changed from $252,032 to $304,919. - part viii, line 2a (program service revenue) changed from $415,092 to $291,826. - part viii, line 11a (miscellaneous) changed from $5,782 to $5,636. These changes brought line 12, column (b) total from $473,244 to $349,832 and column (a) total from $1,296,954 to $1,226,429. These changes affected part iii, statement of program service revenue on line 4a. - part ix, column (a): - line 10 (payroll taxes) changed from $30,675 to $30,666. - line 11b (accounting fees) changed from $55,077 to $15,917. - line 11g (consulting fees) changed from $50,950 to $90,110. - line 13 (office expenses) changed from $30,851 to $24,869. - line 14 (information technology) changed from $18,056 to $10,620. - line 17 (travel) changed from $6,883 to $9,186. - line 19 (conferences, conventions, and meetings) changed from $0 to $7,064. - line 22 (depreciation) changed from $64,042 to $82,963. - line 24a (class materials) changed from $355,556 to $328,698. - line 24b (tuition fees) changed from $ 182,092 to $129,318. - line 24c (repairs and maintenance) changed from $71,752 to $29,472. - line 24d (janitorial maintenance) changed from $17,614 to $17,221. - line 24e (other expenses) changed from $58,426 to $47,116. - line 25 changed from $1,435,911 to $1,317,157 due to the above functional expense changes. - part ix, line 25, column (b) changed from $741,676 to $780,088 and column (c) changed from $694,235 to $537,069 due to various functional expense allocation changes in program and mg&a. This change affected part iii, statement of program service expenses on line 4a. (due to 2021 form 990 amendment) - part x, column (a): - line 1 changed from $668,846 to $739,523. - line 10c changed from $1,266,131 to $1,287,279. - line 27 changed from $1,925,773 to $2,017,597. - line 28 changed from $770 to $771. - lines 16 & 33 changed from $1,934,977 to $2,026,802 due to the above changes. - part x, column (b): - line 10a & line 10b changed, respectively, from $2,516,198 to $2,519,924 and $1,250,067 to $1,248,458. This change caused line 10c to change from $1,266,131 to $1,271,466. - line 27 changed from $1,921,535 to $1,925,869. - line 28 changed from $770 to $1,771. - lines 16 & 33 changed from $1,924,315 to $1,929,650 due to the above changes. - part xii, lines 2b and 2c were checked yes to report that the organization's financial statements were audited by an independent accountant on a separate basis. The summary of changes to schedules are as follows: - schedule d, part vi, column (b) cost or other basis: - line 1c changed from $34,032 to $122,753. - line 1d changed from $210,838 to $190,830. - line 1e changed from $71,984 to $6,997. - schedule d, part vi, column (c) accumulated depreciation: - line 1b changed from $1,024,231 to $1,075,873. - line 1c changed from $6,538 to $33,094. - line 1d changed from $160,239 to $138,442. - line 1e changed from $59,059 to $1,049. - schedule d, part xi, lines 1, 3 & 5 changed from $0 to $1,226,429. - schedule d, part xii, lines 1, 3 & 5 changed from $0 to $1,317,157.”