2026-04-07T13:13:31-05:00 2025-05-31 363168081 SIKICH LLC 17335 GOLF PARKWAY SUITE 500 BROOKFIELD WI 53045 990 2024-06-01 390945040 STEAMFITTERS TRAINING SCHOOL STEA 4145430601 3300 S 103RD STREET MILWAUKEE WI 53227 DOUG EDWARDS CHAIRMAN 4145430601 2026-04-07 1 1 KURT N WALCUTT P00650229 2627549400 2026-04-07 2024 2025-03-06 01:10:19Z DOUG EDWARDS 11001 W PLANK CT SUITE 100 WAUWATOSA WI 53226 7454137 0 X WWW.STEAM601.ORG X 1959 WI TO OPERATE AND MAINTAIN A SCHOOL OR TRAINING PROGRAM FOR WORKMEN IN THE PIPE-FITTING TRADE. 7 7 143 8 0 0 156546 47155 6995134 7125525 124505 108740 193048 172674 7469233 7454094 0 0 0 0 4028958 4386050 0 0 0 2412033 2762109 6440991 7148159 1028242 305935 4134808 3731903 645900 400821 3488908 3331082 TO OPERATE AND MAINTAIN A SCHOOL OR TRAINING PROGRAM FOR WORKMEN IN THE PIPE-FITTING TRADE. 0 0 6381994 7298199 THE TRAINING SCHOOL WAS ORGANIZED TO ESTABLISH, OPERATE AND MAINTAIN A SCHOOL OR TRAINING PROGRAM FOR WORKMEN IN THE PIPEFITTING TRADE AND RELATED OCCUPATIONS, INCLUDING, WITHOUT LIMITATIONS, CLASSES ON INSTRUCTION, INSTITUTES, CONFERENCES AND EDUCATIONAL MEETINGS. APPROXIMATELY 452 APPRENTICES AND PRE-APPRENTICES WERE IN THE PROGRAM AS OF 5/31/25. 6381994 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 143 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DOUG EDWARDS CHAIRMAN 4145430601 3300 S 103RD STREET MILWAUKEE WI 53227 X DOUG EDWARDS CHAIRMAN 1.00 X X 0 0 0 JONATHAN KOWALSKI SECRETARY/TREASURER 1.00 X X 0 0 0 BRIAN TOUTANT UNION TRUSTEE 1.00 X 0 0 0 DEAN JULIEN UNION TRUSTEE 1.00 X 0 0 0 ERIK OGREN UNION TRUSTEE 1.00 X 0 0 0 RICHARD SAWHILL EMPLOYER TRUSTEE (THRU 3/26/25) 1.00 X 0 0 0 MARK RIEHLE EMPLOYER TRUSTEE 1.00 X 0 0 0 JARED OWEN EMPLOYER TRUSTEE 1.00 X 0 0 0 CHRISTOPHER VALERINE TRAINING DIRECTOR 48.00 X 159416 0 72701 DANIEL KOSINSKI WELD TRAINING COORDINATOR 45.00 X 146387 0 69690 JAMES LEMENS TRAINING COORDINATOR 45.00 X 150054 0 65822 DAVID BERGERSON TRAINING SCHOOL INSTRUCTOR 45.00 X 144007 0 68443 NATHAN PAPENFUSS TRAINING ASSISTANT 45.00 X 142304 0 68243 742168 0 344899 11 0 1 0 0 47155 47155 EMPLOYER CONTRIBUTIONS 900099 5992254 5992254 TUITION 900099 603747 603747 WELDING REIMBURSEMENTS 900099 523119 523119 WELDING EQUIPMENT RENT 900099 3575 3575 SALES OF BOOKS & MANUA 900099 2830 2830 7125525 108783 108783 43 -43 -43 -43 SHARED SERVICES 900099 116658 116658 MISCELLANEOUS 900099 56016 56016 172674 7454094 7298199 0 108740 2800049 2800049 780215 780215 578130 578130 227656 227656 38139 38139 36250 36250 143542 143542 946056 946056 83672 83672 158606 158606 44993 44993 TRAINING MATERIALS AND 1014588 1014588 REPAIRS AND MAINTENANCE 63605 63605 SHARED SERVICE EXPENSE 61333 61333 BANK SERVICE CHARGES 43698 43698 127627 35300 92327 7148159 6381994 766165 0 420896 524020 2247654 2303978 654408 0 5224 0 2229734 1325829 806626 903905 4134808 3731903 645900 400821 645900 400821 X 3488908 3331082 3488908 3331082 4134808 3731903 305935 -463761 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 448048 110325 337723 1441008 946960 494048 340678 268544 72134 903905 X 7454094 0 7454094 0 7454094 7148159 0 7148159 0 7148159 PART X, LINE 2: THE INTERNAL REVENUE SERVICE (IRS) HAS RULED THAT THE SCHOOL QUALIFIES UNDER SECTION 501(C)(3) OF THE IRC AND IS, THEREFORE, NOT SUBJECT TO TAX UNDER PRESENT INCOME TAX LAWS. HOWEVER, THE SCHOOL IS SUBJECT TO TAXES ON ANY UNRELATED BUSINESS TAXABLE INCOME, PURSUANT TO SECTION 511(A). THE SCHOOL HAD NO UNRELATED BUSINESS INCOME TAX FOR THE YEAR ENDED MAY 31, 2025. THE SCHOOL IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. US GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE-LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PUBLIC NOTICE POSTED ON BULLETIN BOARD OF LOCAL UNION OFFICES AND PUBLIC NOTICE POSTED WITH THE DEPT. OF INDUSTRY. 0 0 0 0 0 0 0 0 0 CHRISTOPHER VALERINE TRAINING DIRECTOR 159416 0 0 0 0 0 44321 0 28380 0 232117 0 0 0 DANIEL KOSINSKI WELD TRAINING COORDINATOR 146387 0 0 0 0 0 42482 0 27208 0 216077 0 0 0 JAMES LEMENS TRAINING COORDINATOR 150054 0 0 0 0 0 42101 0 23721 0 215876 0 0 0 DAVID BERGERSON TRAINING SCHOOL INSTRUCTOR 144007 0 0 0 0 0 41723 0 26720 0 212450 0 0 0 NATHAN PAPENFUSS TRAINING ASSISTANT 142304 0 0 0 0 0 41603 0 26640 0 210547 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS CIRCULATED TO ALL TRUSTEES VIA EMAIL. ONCE REVIEWED AND APPROVED, THE CHAIRMAN WILL SIGN THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C IF APPROPRIATE, THE CHAIRMAN OF THE BOARD WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD WILL DETERMINE WHETHER THE FUND CAN OBTAIN, WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD WILL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FUND'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. BASED ON THAT DETERMINATION, IT WILL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES SALARIES FOR THE TEACHERS AND APPRENTICE AND TRAINING COORDINATOR. THE OFFICE STAFF SALARIES ARE COLLECTIVELY BARGAINED FOR BY OFFICE WORKERS LOCAL 9. SALARIES ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 1: EFFECTIVE JUNE 1, 2024 THE SCHOOL, WHICH PREVIOUSLY PREPARED ITS BOOKS ON THE ACCRUAL BASIS OF ACCOUNTING, ADOPTED THE MODIFIED CASH BASIS OF ACCOUNTING. ACCORDINGLY, ALL TRANSACTIONS ARE REPORTED ON THE BASIS OF CASH RECEIPTS AND DISBURSEMENTS, WITH THE EXCEPTION OF FAIR VALUE OF INVESTMENTS HELD BY THE CUSTODIANS, RECORDING DEPRECIATION ON CAPITALIZED ASSETS, AND RECORDING PAYROLL WITHHOLDINGS AND ACCRUED LIABILITIES. IN ORDER TO BE IN CONFORMITY WITH THE MODIFIED CASH BASIS OF ACCOUNTING, THE SCHOOL WROTE OFF RECEIVABLES, PREPAID EXPENSES, ACCOUNTS PAYABLE, AND CERTAIN ACCRUED LIABILITIES THAT WERE INCLUDED ON THE SCHOOL'S STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED MAY 31, 2024. THESE ADJUSTMENTS RESULTED IN A NET ASSET ADJUSTMENT OF ($463,761).