PIPE FITTERS TRAINING FUND: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: PIPE FITTERS TRAINING FUND (EIN 36-2536349)
Tax period: 2015-01-01 to 2015-12-31
Filed: 2016-11-08
IRS object ID: 201643139349302664
Schema version: 2015v2.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule B
Schedule D
Schedule J
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-11-08T17:25:56-06:00	ReturnTs
Tax Period End	2015-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	320043599	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	LEGACY PROFESSIONALS LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	311 SOUTH WACKER DRIVE SUITE 4000	AddressLine1Txt
City	CHICAGO	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60606	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2015-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	362536349	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PIPE FITTERS' TRAINING FUND LOCAL 597	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	PIPE	BusinessNameControlTxt
Phone	7083269240	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	10850 W 187TH STREET	AddressLine1Txt
City	MOKENA	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60448	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	KEVIN MORRISSEY	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	3126330597	PhoneNum
Signature	2016-11-08	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	VICTOR ANCICH	PreparerPersonNm
PTIN	P00201493	PTIN
Phone	3123680500	PhoneNum

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2017-02-10 21:41:12Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	KEVIN MORRISSEY	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	10850 W 187TH STREET	AddressLine1Txt
City	MOKENA	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60448	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$47,781,933	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.PF597.ORG	WebsiteAddressTxt
Type Of Organization Trust	Yes (X)	TypeOfOrganizationTrustInd
Formation	1949	FormationYr
Legal Domicile State	IL	LegalDomicileStateCd
Activity Or Mission	TRAINING AND DEVELOPMENT OF SKILLS OF APPRENTICES AND JOURNEYMEN IN THE PIPE FITTING INDUSTRY.	ActivityOrMissionDesc
Voting Members Governing Body	8	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	909	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$750,000	PYContributionsGrantsAmt
CY Contributions Grants	$333,585	CYContributionsGrantsAmt
PY Program Service Revenue	$21,355,605	PYProgramServiceRevenueAmt
CY Program Service Revenue	$21,291,516	CYProgramServiceRevenueAmt
PY Investment Income	$580,134	PYInvestmentIncomeAmt
CY Investment Income	$295,112	CYInvestmentIncomeAmt
PY Other Revenue	$8,127	PYOtherRevenueAmt
CY Other Revenue	$35,344	CYOtherRevenueAmt
PY Total Revenue	$22,693,866	PYTotalRevenueAmt
CY Total Revenue	$21,955,557	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$12,996,143	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$13,646,554	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$8,534,406	PYOtherExpensesAmt
CY Other Expenses	$8,547,038	CYOtherExpensesAmt
PY Total Expenses	$21,530,549	PYTotalExpensesAmt
CY Total Expenses	$22,193,592	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,163,317	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$238,035	CYRevenuesLessExpensesAmt
Total Assets BOY	$52,981,148	TotalAssetsBOYAmt
Total Assets EOY	$52,322,354	TotalAssetsEOYAmt
Total Liabilities BOY	$4,446,725	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,695,268	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$48,534,423	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$50,627,086	NetAssetsOrFundBalancesEOYAmt
Mission	PROVIDE TRAINING IN THE PIPE FITTING TRADE.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	TO PROVIDE TRAINING EDUCATION AND ON THE JOB TRAINING FOR APPRENTICES AND JOURNEYMEN IN THE PIPE FITTING TRADE.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	12	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	909	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	8	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	0	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	0	ConflictOfInterestPolicyInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JOHN LEEN	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7083269240	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	10850 W 187TH STREET	AddressLine1Txt
City	MOKENA	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60448	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
JAMES BUCHANAN
TRUSTEE	0.50	0.00	Yes (X)	$0	$0	$0
THOMAS KOTEL
TRUSTEE	0.50	0.00	Yes (X)	$0	$0	$0
KEVIN MORRISSEY
TRUSTEE	0.50	0.00	Yes (X)	$0	$0	$0
JOHN CURRAN
TRUSTEE	0.50	0.00	Yes (X)	$0	$0	$0
MARC PITTAS
TRUSTEE	0.50	0.00	Yes (X)	$0	$0	$0
STEPHEN LAMB
TRUSTEE	0.50	0.00	Yes (X)	$0	$0	$0
MICHAEL MALONEY
TRUSTEE	0.50	10.00	Yes (X)	$0	$171,786	$58,598
GREGORY KROH
TRUSTEE	0.50	0.00	Yes (X)	$0	$0	$0
JOHN LEEN
TRAINING DIRECTOR	44.00	0.00		$188,515	$0	$88,285	Yes (X)
RICHARD GEBKA
INSTRUCTOR	40.00	0.00		$155,759	$0	$60,707		Yes (X)
KEVIN LAKOMIAK
INSTRUCTOR	40.00	0.00		$148,408	$0	$58,351		Yes (X)
JONATHAN WALKER
INSTRUCTOR	40.00	0.00		$145,994	$0	$58,984		Yes (X)
MONTE KIMES
INSTRUCTOR	40.00	0.00		$160,275	$0	$62,111		Yes (X)
MATTHEW MAJSZAK
ASSISTANT DIRECTOR	40.00	0.00		$148,277	$0	$58,191		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$947,228	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$171,786	TotReportableCompRltdOrgAmt
Total Other Compensation	$445,227	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	22	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
BERGLUND CONSTRUCTION CO
8410 S SOUTH CHICAGO AVENUE	CHICAGO	IL	60617	CONSTRUCTION & BUILDING MAINTENANCE	$772,969
CHICAGO TUBE AND IRON
1 CHICAGO TUBE DRIVE	ROMEOVILLE	IL	60446	BLDG MAINTENANCE/TRAINING & EDU. MATERIA	$653,476
TOTAL ELECTRIC INC
16308 S 107TH AVENUE	ORLAND PARK	IL	60467	BUILDING MAINTENANCE	$491,487
SJ SMITH COMPANY
3930 MICHIGAN STREET	HAMMOND	IN	46323	BLDG MAINTENANCE/TRAINING & EDU. MATERIA	$366,090
ABM JANITORIAL SERVICES
180 NORTH LASALLE ST	CHICAGO	IL	60601	BLDG MAINTENANCE/TRAINING & EDU. MATERIA	$303,090

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	12	CntrctRcvdGreaterThan100KCnt
Related Organizations	$333,585	RelatedOrganizationsAmt
Noncash Contributions	$124,553	NoncashContributionsAmt
Total Contributions	$333,585	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EMPLOYER CONTRIBUTIONS	900099	$20,412,085	$20,412,085
REIMB. ADMIN. EXPENSES	900099	$709,802	$709,802
EDUCATIONAL FEES	900099	$143,863	$143,863
LIQUIDATED DAMAGES	900099	$25,766	$25,766

Field	Value	IRS element (for citing)
Total Program Service Revenue	$21,291,516	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$278,704	TotalRevenueColumnAmt
Exclusion	$278,704	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$35,344	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$35,344	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$35,344	TotalRevenueColumnAmt
Related Or Exempt Func Income	$35,344	RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$25,842,784	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$25,826,376	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$16,408	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$16,408	TotalRevenueColumnAmt
Exclusion	$16,408	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$21,955,557	TotalRevenueColumnAmt
Related Or Exempt Func Income	$21,326,860	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$295,112	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$249,596	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$9,365,209	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$1,361,921	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,832,294	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$837,534	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$67,266	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$19,000	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$3,000	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$234,071	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$395,578	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$122,627	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,530,240	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$15,396	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$63,621	TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$1,037,975	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,556,729	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$201,476	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
EDUCATIONAL EXPENSES	$2,228,668
DRUG SCREENING	$33,143
SERVICES PROVIDED BY WE	$18,787
MISCELLANEOUS	$11,726

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,735	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$22,193,592	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,427,592	BOYAmt
EOY	$1,558,357	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$938,426	BOYAmt
EOY	$2,295,004	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,072,793	BOYAmt
EOY	$2,494,380	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$36,775	BOYAmt
EOY	$30,463	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$42,293,158	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$11,725,093	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$31,663,799	BOYAmt
EOY	$30,568,065	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$16,841,763	BOYAmt
EOY	$15,376,085	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$52,981,148	BOYAmt
EOY	$52,322,354	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,565,982	BOYAmt
EOY	$1,321,036	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,880,743	BOYAmt
EOY	$374,232	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$4,446,725	BOYAmt
EOY	$1,695,268	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$48,534,423	BOYAmt
EOY	$50,627,086	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$48,534,423	BOYAmt
EOY	$50,627,086	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$52,981,148	BOYAmt
EOY	$52,322,354	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$238,035	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$169,302	NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments	$2,500,000	PriorPeriodAdjustmentsAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,499,812	OtherCostOrOtherBasisAmt
Book Value	$2,499,812	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$30,770,633	OtherCostOrOtherBasisAmt
Depreciation	$5,200,688	DepreciationAmt
Book Value	$25,569,945	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,803,221	OtherCostOrOtherBasisAmt
Depreciation	$5,538,479	DepreciationAmt
Book Value	$2,264,742	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,219,492	OtherCostOrOtherBasisAmt
Depreciation	$985,926	DepreciationAmt
Book Value	$233,566	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$30,568,065	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
ESTIMATED LIABILITY - EMPLOYMENT CONTRACT	$352,305
CAPITAL LEASE OBLIGATION	$2,810
DUE TO BROKER	$19,117

Field	Value	IRS element (for citing)
Total Liability	$374,232	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$21,783,255	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$169,302	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$169,302	RevenueNotReportedAmt
Revenue Subtotal	$21,952,557	RevenueSubtotalAmt
Investment Expenses Not Incld	$3,000	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$3,000	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$21,955,557	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$22,190,592	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$22,190,592	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$3,000	InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt	$3,000	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$22,193,592	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE FUND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES WHICH FOR 2015 THE FUND HAS DETERMINED THERE WAS NONE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. THE FUND FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, AND FORM 5500, ANNUAL RETURN/REPORT OF EMPLOYEE BENEFIT PLAN. THE FUND'S RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERAL REVENUE SERVICE UNTIL THE APPLICABLE STATUTE OF LIMITATION EXPIRES.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MICHAEL MALONEY
TRUSTEE	$0	$166,612	$0	$0	$0	$5,174	$0	$37,862	$0	$20,736	$0	$230,384	$0	$0
JOHN LEEN
TRAINING DIRECTOR	$179,572	$0	$0	$0	$8,943	$0	$71,545	$0	$16,740	$0	$276,800	$0	$0	$0
RICHARD GEBKA
INSTRUCTOR	$155,759	$0	$0	$0	$0	$0	$43,967	$0	$16,740	$0	$216,466	$0	$0	$0
KEVIN LAKOMIAK
INSTRUCTOR	$148,408	$0	$0	$0	$0	$0	$41,611	$0	$16,740	$0	$206,759	$0	$0	$0
JONATHAN WALKER
INSTRUCTOR	$145,994	$0	$0	$0	$0	$0	$42,244	$0	$16,740	$0	$204,978	$0	$0	$0
MONTE KIMES
INSTRUCTOR	$160,275	$0	$0	$0	$0	$0	$45,371	$0	$16,740	$0	$222,386	$0	$0	$0
MATTHEW MAJSZAK
ASSISTANT DIRECTOR	$148,277	$0	$0	$0	$0	$0	$41,451	$0	$16,740	$0	$206,468	$0	$0	$0

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	COMPUTER EQUIPMENT	54	$97,800	COST
Yes (X)	TRAINING EQUIPMENT	4	$26,753	COST

Field	Value	IRS element (for citing)
Form8283 Received	0	Form8283ReceivedCnt
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	0	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, COLUMN (B):	FormAndLineReferenceDesc
Explanation	THE ORGANIZATION IS REPORTING THE NUMBER OF ITEMS RECEIVED.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8B	THE ORGANIZATION HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11	THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND PROVIDED TO THE ENTIRE GOVERNING BODY FOR THEIR CAREFUL REVIEW AND APPROVAL.
FORM 990, PART VI, SECTION B, LINE 15B	SALARIES ARE REVIEWED ANNUALLY AND APPROVED BY THE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION C, LINE 19	THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE OFFICE OF THE FUND.
FORM 990, PART XI, LINE 8:	NET ASSETS AVAILABLE FOR BENEFITS AT JANUARY 1, 2015 WERE RESTATED TO CORRECT A MISSTATEMENT RELATED TO THE RECOGNITION OF A $2,500,000 SUBSIDY RECEIVED IN 2014 THAT WAS RECORDED AS A DEFERRED LEASE DEPOSIT AT DECEMBER 31, 2014.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd
PIPE FITTERS' WELFARE FUND LOCAL 597
45 NORTH OGDEN AVENUE	CHICAGO	IL	60607	362141703	PROVIDES HEALTH AND WELFARE BENEFITS	IL	501(C)9	NOT APPLICABLE	0
PIPE FITTERS' RETIREMENT FUND LOCAL 597
45 NORTH OGDEN AVENUE	CHICAGO	IL	60607	626105084	PROVIDES RETIREMENT BENEFITS	IL	401(A)	NOT APPLICABLE	0
PIPE FITTERS' ASSOCIATION LOCAL 597 401(K) PLAN
45 NORTH OGDEN AVENUE	CHICAGO	IL	60607	361820310	PROVIDES RETIREMENT BENEFITS	IL	401(A)	NOT APPLICABLE	0

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (1)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (1)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd