Local 697 Ibew & Electrical Indust Apprenticeship & Training Fund, Lake County Electricians Jt Apprent in Merrillville, Indiana (IN)

Local 697 Ibew & Electrical Indust Apprenticeship & Training Fund, Lake County Electricians Jt Apprent
Employer Identification Number (EIN)	351001586
Name of Organization	Local 697 Ibew & Electrical Indust Apprenticeship & Training Fund
Secondary Name	Lake County Electricians Jt Apprent
In Care of Name	Thomas Frame
Address	7200 Mississippi St Ste 100, Merrillville, IN 46410-3993
Activities	School, college, trade school, etc., Job training, counseling, or assistance
Subsection	Charitable Organization
Ruling Date	02/2011
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Trust
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$10,000,000 to $49,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$10,669,924
Amount of Income	$3,396,091
Form 990 Revenue Amount	$3,307,406
National Taxonomy of Exempt Entities (NTEE)	Employment, Job-Related: Vocational Training

Non-representatives - add comments:

Amount of income in 2014: $3,396,091 (it was $6,188,546 in 2013)

This organization:	$3,396,091
Other organizations performing similar types of work:	$133,002

Assets in 2014: $10,669,924 (it was $10,080,462 in 2013)

Local 697 Ibew & Electrical Indust Apprenticeship & Training Fund, Lake County Electricians Jt Apprent:	$10,669,924
Other organizations performing similar types of work:	$63,305

Expenses in 2014: $1,866,682

This organization:	$1,866,682
Other organizations performing similar types of work:	$133,204

Income to expenses ratio in 2014: 1.8

This organization:	1.8
Other organizations performing similar types of work:	1.0

Number of employees in 2014: 28

This organization:	28
Other organizations performing similar types of work:	7

Employees paid over $100,000 in 2014: 10.7%

Local 697 Ibew & Electrical Indust Apprenticeship & Training Fund, Lake County Electricians Jt Apprent:	10.7%
Other organizations performing similar types of work:	0.0%

Grants share in income in 2014: 0.0%

Local 697 Ibew & Electrical Indust Apprenticeship & Training Fund, Lake County Electricians Jt Apprent:	0.0%
Other organizations performing similar types of work:	79.8%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

	2012	2013	2014
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	Yes	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	No	No
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for other liabilities?	Yes	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	Yes	Yes	Yes
Did the organization obtain separate, independent audited financial statements for the tax year?	No	No	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	Yes	Yes	Yes
Did the organization maintain an office, employees, or agents outside of the United States?	No	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No	No
Did the organization operate one or more hospital facilities?	No	No	No
Did the organization attach a copy of its audited financial statements?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	Yes	Yes	Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No	No
Was the organization related to any tax-exempt or taxable entity?	No	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No	No

	2011	2012	2013	2014
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		4	3	2
The number of Forms W-2G		0	0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		21	20	28
Did the organization file all required federal employment tax returns?		Yes	Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No	No
Has it filed a Form 990-T for this year?		No	No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No	No
Did the organization file Form 8886-T?		No	No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No	No
Initiation fees and capital contributions	$0	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0	$0
Gross income from other sources	$0	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0	$0
The amount of reserves on hand		$0	$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No	No
Has it filed a Form 720 to report these payments?		No	No	No

	2012	2013	2014
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$114,519	$124,565	$333,891
Total reportable compensation from related organizations	$0	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$54,899	$54,528	$160,814
Total number of individuals who received more than $100,000 of reportable compensation from the organization	1	1	3
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0	0

	2011	2012	2013	2014
Statement of Revenue
Total revenue	$2,041,832	$3,648,031	$6,082,791	$3,307,406
Contributions, Gifts, Grants and Other Similar Amounts	$68,918	$29,000	$0	$0
Program Service Revenue	$1,945,478	$3,566,627	$6,069,383	$3,239,113
900099		$3,145,871	$5,757,959	$2,827,495
900099		$355,258	$295,889	$398,396
900099		$53,858	$14,880	$12,840
900099		$11,640	$655	$382
All other program service revenue		$0	$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$10,684	$7,546	$9,853	$52,654
Income from investment of tax-exempt bond proceeds	$0	$0	$0	$0
Royalties	$0	$0	$0	$0
Net rental income	$0	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$0	$42,600	$-1,970	$14,639
Gross amount from sales of assets other than inventory (Securities / Other)	$0 / $0	$0 / $141,717	$103,785 / $0	$103,324 / $0
Less: cost or other basis and sales expenses (Securities / Other)	$0 / $0	$0 / $99,117	$105,063 / $692	$88,685 / $0
Gain or (loss) (Securities / Other)	$0 / $0	$0 / $42,600	$-1,278 / $-692	$14,639 / $0
Net income/loss from fundraising events	$0	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0	$0
Miscellaneous Revenue	$16,752	$2,258	$5,525	$1,000
900099		$2,258	$5,525	$1,000
All other revenue		$0	$0	$0

	2011	2012	2013	2014
Statement of Functional Expenses
Total functional expenses	$1,824,967	$2,137,865	$1,884,583	$1,866,682
Grants and other assistance to domestic organizations and domestic governments		$0	$0	$0
Grants and other assistance to domestic individuals		$0	$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0	$0
Benefits paid to or for members		$0	$0	$0
Compensation of current officers, directors, trustees, and key employees	$151,375	$174,620	$180,631	$181,006
Compensation not included above, to disqualified persons		$0	$0	$0
Other salaries and wages	$412,678	$394,016	$403,364	$425,268
Pension plan accruals and contributions		$112,439	$116,810	$118,586
Other employee benefits		$88,534	$91,300	$91,730
Payroll taxes	$44,299	$45,996	$44,641	$46,151
Fees for services (non-employees)
Management		$0	$0	$0
Legal		$11,604	$10,153	$9,679
Accounting		$14,340	$16,802	$10,850
Lobbying		$0	$0	$0
Professional fundraising services	$0	$0	$0	$0
Investment management fees		$0	$300	$0
Other		$0	$1,325	$10,118
Advertising and promotion		$0	$0	$0
Office expenses		$17,594	$29,746	$34,240
Information technology		$0	$1,364	$884
Royalties		$0	$0	$0
Occupancy		$5,887	$86,949	$25,284
Travel		$20,097	$14,016	$14,223
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0	$0
Conferences, conventions, and meetings		$16,185	$24,434	$25,462
Interest		$268,799	$140,050	$27,555
Payments to affiliates		$0	$0	$0
Depreciation, depletion, and amortization		$315,181	$326,595	$339,818
Insurance		$12,312	$19,286	$17,966
Other expenses		$202,814	$179,181	$280,593
Other expenses		$175,701	$117,998	$124,262
Other expenses		$92,892	$67,412	$55,171
Other expenses		$79,947	$6,844	$13,570
Other expenses		$0	$5,382	$14,266

	2011	2012	2013	2014
Balance Sheet
Total assets	$8,398,787	$8,537,386	$10,080,462	$10,669,924
Cash - non-interest-bearing		$400	$400	$203
Savings and temporary cash investments		$2,152,604	$2,702,449	$1,080,024
Pledges and grants receivable, net		$0	$0	$0
Accounts receivable, net		$0	$0	$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0	$0
Notes and loans receivable, net		$0	$0	$0
Inventories for sale or use		$0	$0	$0
Prepaid expenses and deferred charges		$0	$0	$0
Land, buildings, and equipment: cost or other basis		$6,279,368	$5,977,259	$5,790,903
Investments - publicly traded securities		$105,014	$1,400,354	$3,798,794
Investments - other securities		$0	$0	$0
Investments - program-related		$0	$0	$0
Intangible assets		$0	$0	$0
Other assets		$0	$0	$0
Total liabilities	$5,245,095	$3,873,528	$1,218,396	$367,134
Accounts payable and accrued expenses		$1,515	$1,333	$2,516
Grants payable		$0	$0	$0
Deferred revenue		$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0
Escrow or custodial account liability		$0	$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0	$364,618
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$3,872,013	$1,217,063	$0
Total net assets or fund balances	$3,153,692	$4,663,858	$8,862,066	$10,302,790
Unrestricted net assets		$0	$0	$0
Temporarily restricted net assets		$0	$0	$0
Permanently restricted net assets		$0	$0	$0
Capital stock or trust principal, or current funds		$0	$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0	$0
Retained earnings, endowment, accumulated income, or other funds	$3,153,692	$4,663,858	$8,862,066	$10,302,790

Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:	A school described in section 170(b)(1)(A)(ii)
Number of organizations supported	0
Sum of amounts of support	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Northeast Indiana Regional Workforce Investment Board Inc	200 E Main St Ste 910, Fort Wayne, IN 46802-1915	IN	2011-04	$9,892,845
2	Western Indiana Workforce Investment Board Inc	630 Wabash Avenue, Terre Haute, IN 47807-3272	IN	2000-06	$3,213,821
3	Workforce Development Services Inc	839 Broadway Ste N208, Gary, IN 46402-2418	IN	2003-09	$796,755
4	Insulators Local 37 Jt Apprenticeship & Training Fund	2360 N Cullen Ave, Evansville, IN 47715-2115	IN	2010-11	$357,643
5	Pro 100 Inc	PO BOX 40177, Indianapolis, IN 46240-0177	IN	2013-05	$146,648
6	Educate Beyond All Barriers Inc	PO BOX 601, Indianapolis, IN 46206-0601	IN	2013-08	$114,103
7	United Union Of Roofers Waterproofers & Allied Workers, Steve Barnes Ttee	1201 Baker Ave, Evansville, IN 47710-2503	IN	2008-08	$98,633
8	Urban Suns Community Development Corporation	1954 Ohio St, Gary, IN 46407-2822	IN	2001-08	$91,482
9	Valparaiso Area Apprenticeship Advisory Council Inc	950 Marquette Rd, Lake Station, IN 46405-1548	IN	2011-04	$76,093
10	Redemption Outreach Services Inc	PO BOX 33044, Indianapolis, IN 46203-0044	IN	2013-12	$50,268
11	Assets Elkhart County Inc	3743 E Jackson Blvd, Elkhart, IN 46516	IN	2004-02	$0
12	Canal Center Inc	435 Ann Street, New Haven, IN 46774	IN	2006-11	$0
13	Center Township Re-Entry Program Inc	863 Massachusetts Ave, Indianapolis, IN 46204	IN	2013-03	$0
14	Corner To Cornerstone	1709 E Michigan Blvd, Michigan City, IN 46360	IN	2004-08	$0
15	Industrial Technology Training Institute	3719 W 24th Ave, Gary, IN 46404-3222	IN	2003-12	$0
16	Infinite Technology Institute, Milton G Thaxton Jr	840 Broadway Ave 3rd Flr, Gary, IN 46402-2412	IN	2007-03	$0
17	Millennium Development Services	4963 W 100 N, Princeton, IN 47670-8406	IN	2005-05	$0
18	Mow & Grow Inc	2002 E 62nd St, Indianapolis, IN 46220-2310	IN	2003-09	$0
19	New Beginning Inc Of West Central Indiana	1480 W 1050 N, Bloomingdale, IN 47832	IN	2007-07	$0
20	New T A B Community Outreach Corporation	2416 Pierce St, Gary, IN 46407-3420	IN	2000-11	$0

Number of organizations performing similar types of work

Alaska	7
Alabama	40
Arkansas	7
Arizona	15
California	187
Colorado	20
Connecticut	5
District of Columbia	42
Delaware	3
Florida	97
Georgia	63
Hawaii	11
Iowa	9
Idaho	6
Illinois	78
Indiana	38
Kansas	6
Kentucky	14
Louisiana	22
Massachusetts	27
Maryland	49
Maine	8
Michigan	56
Minnesota	19
Missouri	28
Mississippi	17

Montana	7
North Carolina	51
North Dakota	3
Nebraska	8
New Hampshire	4
New Jersey	24
New Mexico	12
Nevada	13
New York	68
Ohio	50
Oklahoma	14
Oregon	22
Pennsylvania	46
Rhode Island	6
South Carolina	16
South Dakota	4
Tennessee	27
Texas	95
Utah	7
Virginia	49
Vermont	2
Washington	35
Wisconsin	15
West Virginia	4
Wyoming	7
International	6

Total

1,469

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