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Filing year 2024

MECHANICS LOCAL 701 TRAINING FUND

Aurora, Illinois·EIN 20-4447127·NTEE B30 · Education·501(c)(3)
Total revenue
$2.1M
Total assets
$2.4M
Total expenses
$1.1M
Reported officers
8
Mission

TO ESTABLISH AND MAINTAIN TRAINING AND EDUCATION PROGRAMS OF JOURNEYMEN AND APPRENTICES FOR FURTHER DEVELOPMENT OF SKILLS AND KNOWLEDGE NEEDED IN CRAFTS UNDER THE JURISDICTION OF AUTOMOBILE MECHANICS LOCAL 701.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Education organizations in Illinois.

Training Director
Highest Compensated Employee
25th percentile to median
$143k
$153k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MECHANICS LOCAL 701 TRAINING FUND equaled 14% of the organization's total expenses. The median for education organizations is 7%.

This organization (2024)
14%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MECHANICS LOCAL 701 TRAINING FUND

What does the Highest Compensated Employee of MECHANICS LOCAL 701 TRAINING FUND earn?

In 2024, the Highest Compensated Employee of MECHANICS LOCAL 701 TRAINING FUND received $143,369 in total compensation. This pay is below the median (the midpoint) for Highest Compensated Employee roles among Education organizations in Illinois, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at MECHANICS LOCAL 701 TRAINING FUND compare with similar nonprofits?

Compared with the same role at Education organizations in Illinois, the 2024 pay of the Highest Compensated Employee at MECHANICS LOCAL 701 TRAINING FUND falls between the 25th percentile and the median. In 2024, the highest total compensation at MECHANICS LOCAL 701 TRAINING FUND equaled 14% of the organization's total expenses. The median for education organizations is 7%.

What are MECHANICS LOCAL 701 TRAINING FUND's revenue and expenses?

In 2024, MECHANICS LOCAL 701 TRAINING FUND reported $2.1M in total revenue and $1.1M in total expenses on its IRS Form 990.

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