Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 804,907 | 864,151 | −59,244 | 16.9 | 11% |
| 2013 | 840,622 | 697,333 | 143,289 | 23.4 | 12% |
| 2014 | 837,369 | 1,077,856 | −240,487 | 12.4 | 14% |
| 2015 | 852,067 | 853,991 | −1,924 | 15.5 | 12% |
| 2016 | 794,087 | 601,179 | 192,908 | 25.9 | 19% |
| 2017 | 949,343 | 591,570 | 357,773 | 33.5 | 16% |
| 2018 | 1,057,877 | 663,462 | 394,415 | 37.2 | 22% |
| 2019 | 769,156 | 634,295 | 134,861 | 41.5 | 17% |
| 2020 | 933,458 | 583,132 | 350,326 | 52.3 | 19% |
| 2021 | 734,953 | 503,001 | 231,952 | 69.1 | 17% |
| 2022 | 689,020 | 674,648 | 14,372 | 48.6 | 17% |
| 2023 | 836,820 | 693,435 | 143,385 | 50.4 | 12% |
In its most recent public year (2023), this organization brought in $143,385 more than it spent. Its reserves stood at about 50.4 months of spending, up from 16.9 in 2012. Staff pay was 12% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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