2025-09-05T11:01:32-05:00 2024-12-31 842885766 ROMOLO & ASSOCIATES LLC 1700 W LUTHY DRIVE PEORIA IL 61615 990 2024-01-01 421103470 IOWA LABORERS' EDUCATION AND TRAINING TRUST FUND IOWA 5152706965 1707 N 14TH STREET INDIANOLA IA 50125 ED ELY TRAINING DIRECTOR 5152706965 2025-09-04 1 0 MICHAEL HOLDER P02105637 3096822001 2025-09-04 2024 2025-03-06 01:10:19Z ED ELY 1707 N 14TH STREET INDIANOLA IA 50125 1764742 0 X N/A X 1978 IA EDUCATION AND TRAINING IN THE LABORERS TRADE. 7 7 5 0 0 0 71170 100226 897228 891312 77 420360 11046 20426 979521 1432324 0 0 0 0 564018 566779 0 0 0 482247 467957 1046265 1034736 -66744 397588 2311649 2413814 1452982 1157559 858667 1256255 TO EDUCATE AND TRAIN MEMBERS IN THE LABORERS TRADE. 0 0 PROVIDE QUALITY TRAINING FOR THOSE ENTERING THE LABORERS TRADE INDUSTRY 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 5 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 X THE ORGANIZATION 5152706965 1707 N 14TH STREET INDIANOLA IA 50125 ANTHONY PENN TRUSTEE 0.50 X 0 0 0 DANNY HEMMINGER TRUSTEE 0.50 X 0 0 0 MIKE TUTHILL TRUSTEE 0.50 X 0 0 0 MIKE WECKMAN- PAST TRUSTEE 0.50 X X 0 0 0 JIM PIAZZA JR CHARIMAN 0.50 X X 0 0 0 STEVE FERGUSON TRUSTEE 0.50 X 0 0 0 DOUG WHITE TRUSTEE 0.50 X 0 0 0 BRAD GEZEL TRUSTEE 0.50 X X 0 0 0 ED ELY DIRECTOR 40.00 X 101759 0 37159 101759 0 37159 1 0 0 0 0 100226 100226 EMPLOYER CONTRIBUTIONS 900099 891312 891312 891312 2778 2778 1800 0 1800 1800 1800 750000 332418 417582 417582 417582 REFUNDS AND REIMBURSED 900099 10235 10235 CLASS CERTIFICATION FE 900099 8391 8391 18626 1432324 911738 0 420360 132162 252371 82870 66228 33148 3350 19775 13531 1280 39549 50079 52484 55800 65277 50772 TRAINEE SUPPLIES, EQUIP 34051 DIRECTOR EXPENSES 28323 AUTO EXPENSES 27781 EQUIPMENT RENTAL 14430 11475 1034736 183571 0 654743 117649 64554 10702 4325 2420231 732250 1997403 1687981 2324 2211 2311649 2413814 40048 73245 1400260 1069525 12674 14789 1452982 1157559 X 858667 1256255 858667 1256255 2311649 2413814 397588 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 155668 155668 1663263 194016 1469247 0 601300 538234 63066 0 1687981 DUE TO AFFILIATES 14789 14789 X 1432324 0 1432324 0 1432324 1034736 0 1034736 0 1034736 PART X, LINE 2: THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S ASSETS IS INTENDED TO QUALIFY PURSUANT TO SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE (IRC), AND, ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE TRUST OBTAINED A FAVORABLE TAX DETERMINATION LETTER FROM THE IRS ON AUGUST 14, 1978, AND THE BOARD OF TRUSTEES BELIEVES THAT THE TRUST, AS AMENDED, CONTINUES TO QUALIFY AND TO OPERATE IN ACCORDANCE WITH APPLICABLE PROVISIONS OF THE IRC. THE TOTAL AMOUNTS OF INTEREST AND PENALTIES RECOGNIZED IN THE STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS AND THE TOTAL AMOUNTS OF INTEREST AND PENALTIES RECOGNIZED IN THE STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS ARE $0. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN INCURRED UNRELATED BUSINESS INCOME TAX (UBIT) FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 RELATED TO LEASE INCOME ON DEBT FINANCED PROPERTY. THEREFORE, THE PLAN FILED FORMS 990-T AND IA 1120 WITH TAXES OWED OF $0 AND $206, RESPECTIVELY. PRIOR TO 2022, THE PLAN HAS NEVER HAD UBIT NOR HAS IT FILED THE FORM 990-T OR IA 1120 FOR ANY PREVIOUS YEARS. THEREFORE, THESE TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES RELATED TO UBIT. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OR TRUSTEE REVIEWS THE FORM 990 ONCE THE AUDITOR HAS PREPARED THE FORM. HE OR SHE THEN SIGNS THE FORM 8879-TE AND SENDS IT BACK TO THE AUDITOR. ONCE THE AUDITOR RECEIVES THE SIGNED FORM, THE AUDITOR THEN SUBMITS THE FORM 990 ELECTRONICALLY. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST