Nonprofit · EIN 42-1396859
IOWA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST
Tax-exempt · DES MOINES, IA 50317
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,401,775 | $1,248,055 | $153,720 | $2,257,519 | $1,027,683 | $1,229,836 |
| December 31, 2023 | 990 | $1,351,762 | $1,257,412 | $94,350 | $1,981,061 | $904,945 | $1,076,116 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,154
- Program service revenue
- $1,049,105
- Investment income
- $13,046
- Other revenue
- $333,470
Expenses
- Grants and similar amounts paid
- $6,154
- Compensation of officers, directors and key employees
- $176,235
- Other salaries and wages
- $241,604
- Salaries, compensation and benefits (total)
- $620,057
- Professional fundraising fees
- $0
- Legal fees
- $267
- Accounting fees
- $42,000
- Occupancy
- $146,061
- Depreciation
- $65,116
Balance sheet and other
- Total assets, start of year
- $1,981,061
- Total assets, end of year
- $2,257,519
- Total liabilities, end of year
- $1,027,683
- Net assets, end of year
- $1,229,836
- Land, buildings and equipment
- $859,530
- Net assets without donor restrictions
- $1,229,836
- Gross receipts
- $1,401,775
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1992
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHIE SCHDMIT | DIRECTOR Officer | 40 | $112,761 | $65,095 |
| TONY PENN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES PIAZZA | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| DANNY HEMMINGER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SAM RENSHAW | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DOUGLAS REED- PAST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TOM HAYES | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHIE SCHDMIT | DIRECTOR Officer | 40 | $106,988 | $61,350 |
| TONY PENN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES PIAZZA | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| DANNY HEMMINGER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SAM RENSHAW | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DOUGLAS REED | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TOM HAYES | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3400 E EUCLID AVE STE B, DES MOINES, IA 50317-3582
- In care of
- % DAN PRYMEK
- Principal officer (990 for 2024)
- RICHIE SCHMIDT, 3400 E EUCLID AVENUE B, DES MOINES, IA 50317
- Signed the 990
- RICHIE SCHMIDT, DIRECTOR
- Phone
- (515) 270-6961
- Website
- HTTPS://IOWALECET.ORG/
- Return prepared by
- ROMOLO & ASSOCIATES LLC
Mission
IMPROVE COMMUNICATIONS BETWEEN EMPLOYERS AND LOCAL UNIONS.
Program accomplishments
- COMMUNICATION BETWEEN EMPLOYERS AND LOCAL UNIONS THROUGH SEMINARS, PROGRAMS AND CONFERENCES TO PROMOTE COOPERATION AND DISCUSSION OF ISSUES CONCERNING THE INDUSTRY.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1396859
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,257,519
- Income (IRS master file)
- $1,401,775
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,401,775 | $1,248,055 | $2,257,519 | XML |
| 990 | December 2023 | $1,351,762 | $1,257,412 | $1,981,061 | XML |
| 990 | December 2022 | $1,250,016 | $1,323,582 | $1,931,210 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1396859).
Questions about IOWA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST
- What is the EIN of IOWA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST?
- The employer identification number (EIN) of IOWA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST is 42-1396859.
- Is IOWA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1995.
- Are donations to IOWA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IOWA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IOWA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST?
- The 990 for the year ended December 31, 2024 names RICHIE SCHMIDT.
- Who are the officers and directors of IOWA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $112,761 (RICHIE SCHDMIT, DIRECTOR).
- How much revenue does IOWA LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,401,775, expenses of $1,248,055 and total assets of $2,257,519 at year end.
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