2025-10-22T13:06:37-05:00 2024-12-31 842885766 ROMOLO & ASSOCIATES LLC 1700 W LUTHY DRIVE PEORIA IL 61615 990 2024-01-01 421396859 IOWA LABORERS' EMPLOYERS COOPERATION & EDUCATION TRUST IOWA 5152706961 3400 E EUCLID AVENUE B DES MOINES IA 50317 RICHIE SCHMIDT DIRECTOR 5152706961 2025-10-17 1 0 MICHAEL HOLDER P02105637 3096822001 2025-10-17 2024 2025-03-06 01:10:19Z RICHIE SCHMIDT 3400 E EUCLID AVENUE B DES MOINES IA 50317 1401775 0 X HTTPS://IOWALECET.ORG/ X 1992 IA IMPROVE COMMUNICATIONS BETWEEN EMPLOYERS AND LOCAL UNIONS. 6 5 5 0 0 0 7950 6154 996523 1049105 1769 13046 345520 333470 1351762 1401775 7950 6154 0 0 578425 620057 0 0 0 671037 621844 1257412 1248055 94350 153720 1981061 2257519 904945 1027683 1076116 1229836 IMPROVE COMMUNICATIONS BETWEEN EMPLOYERS AND LOCAL UNIONS. 0 0 COMMUNICATION BETWEEN EMPLOYERS AND LOCAL UNIONS THROUGH SEMINARS, PROGRAMS AND CONFERENCES TO PROMOTE COOPERATION AND DISCUSSION OF ISSUES CONCERNING THE 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 1 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 8 0 5 1 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X RICHIE SCHMIDT 5152706961 3400 E EUCLID AVENUE DES MOINES IA 50317 TONY PENN TRUSTEE 1.00 X 0 0 0 JAMES PIAZZA TRUSTEE 1.00 X X 0 0 0 DANNY HEMMINGER TRUSTEE 1.00 X 0 0 0 SAM RENSHAW TRUSTEE 1.00 X 0 0 0 DOUGLAS REED- PAST TRUSTEE 1.00 X 0 0 0 TOM HAYES TRUSTEE 1.00 X X 0 0 0 RICHIE SCHDMIT DIRECTOR 40.00 X 112761 0 65095 112761 0 65095 1 0 1 0 0 6154 6154 EMPLOYER CONTRIBUTIONS 900099 1041905 1041905 LEASE INCOME 900099 7200 7200 1049105 13046 13046 ADMIN SERVICE FEES 900099 259493 259493 REIMBURSED INCOME 900099 73977 73977 333470 1401775 1382575 0 13046 6154 176235 241604 115574 47763 38881 267 42000 60000 36883 146061 52641 19702 80264 65116 27838 EMPLOYEE COST SHARING 52642 VEHICLE EXPENSES 17278 BANK CHARGES 11088 EDUCATION EXPENSES 5000 5064 1248055 278466 719154 616601 457931 110692 122185 25842 26001 1495143 635613 849238 859530 100222 72718 1981061 2257519 43981 35117 532589 501515 328375 491051 904945 1027683 X 1076116 1229836 1076116 1229836 1981061 2257519 153720 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 152667 152667 854289 153630 700659 0 150111 143907 6204 338076 338076 0 859530 PAYABLE TO OTHER FUNDS 376319 DUE TO AFFILIATES 66068 FINANCING LEASE LIABILITY 48664 491051 X 1401775 0 1401775 0 1401775 1248055 0 1248055 0 1248055 PART X, LINE 2: THE ORGANIZATION IS A NON-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE AND AN EQUIVALENT SECTION OF THE IOWA INCOME TAX LAW. THE TOTAL AMOUNTS OF INTEREST AND PENALTIES RECOGNIZED IN THE STATEMENTS OF ACTIVITIES AND THE TOTAL AMOUNTS OF INTEREST AND PENALTIES RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION ARE $0. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN 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 ORGANIZATION 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 YEAR ENDED DECEMBER 31, 2021, WHICH WAS PAID IN THE YEAR ENDED DECEMBER 31, 2022. THEREFORE, THE PLAN FILED FORM 990-T WITH TAXES OWED OF $2,024. THESE TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES RELATED TO UBIT. 1 IOWA LABORERS EDUCATION AND TRAINING FUND 1707 N 14TH STREET INDIANOLA IA 50125 421103470 501C5 6154 0 CASH PAID GRANT TO EDUCATION AND TRAINING OF UNION MEMBERS PART I, LINE 2: BOARD REVIEW AND APPROVES ANY GRANTS/DONATIONS. 0 0 0 RICHIE SCHDMIT DIRECTOR 112761 0 0 0 0 0 48774 0 16321 0 177856 0 0 0 RACHEL HAYES DAUGHTER OF TOM HAYES- A TRUSTEE OF THE ORGANIZATION 99078 WAGES AND BENEFITS 0 FORM 990, PART VI, SECTION B, LINE 11B REVIEWED AND SIGNED BY DIRECTOR FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION IS REVIEWED BY THE BOARD FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST IOWA LABORERS HEALTH & WELFARE FUND 150 1ST AVE NE CEDAR RAPIDS IA 52401 420946060 TO PROVIDE HEALTH CARE AND RELATED BENEFITS TO ELIGIBLE PARTICIPANTS IA 501C9 NONE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 IOWA LABORERS HEALTH & WELFARE FUND R 12124368 CASH TRANSFERRED