Portland Electrical Joint Apprenticeship & Training Fund
- Assets
- $605.5k
- Revenue
- $619.1k
- Investments
- $0.0
- Employees
- 14
- Location
- Lewiston, ME
- Founding
- 06/1972
- Data as of
- 06/2021
- EIN
- 01-0315000
Organization Overview
Portland Electrical Joint Apprenticeship & Training Fund is located in Lewiston, ME. The organization was established in 1972. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2021, Portland Electrical Joint Apprenticeship & Training Fund employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Electrical Joint Apprenticeship & Training Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Portland Electrical Joint Apprenticeship & Training Fund generated $619.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $402.6k during the year ending 06/2021. While expenses have increased by 5.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ELECTRICAL CONSTRUCTION INSTRUCTION AND TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING AND TRAINING OF ELECTRICAL WORKERS PROVIDED THROUGH AN APPRENTICESHIP PROGRAM. THE ORGANIZATION HAS A TOTAL OF 75 TO 80 STUDENTS PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Haskell Union Trustee | Trustee | 1 | $761 |
Dominic Degifico Union Trustee | Trustee | 1 | $256 |
James Valente Union Trustee | Trustee | 1 | $0 |
Ryan Carrier Union Trustee | Trustee | 1 | $0 |
Thomas Driscoll Employer Trustee | Trustee | 1 | $0 |
Kristen Gowin Employer Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,000 |
| Total Program Service Revenue | $527,842 |
| Investment income | $494 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,840 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $619,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,048 |
| Compensation of current officers, directors, key employees. | $26,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,646 |
| Pension plan accruals and contributions | $20,461 |
| Other employee benefits | $11,807 |
| Payroll taxes | $13,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $210 |
| Fees for services: Accounting | $3,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,769 |
| Office expenses | $5,220 |
| Information technology | $1,866 |
| Royalties | $0 |
| Occupancy | $54,340 |
| Travel | $7,316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,881 |
| Insurance | $3,867 |
| All other expenses | $0 |
| Total functional expenses | $402,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,000 |
| Total assets | $605,452 |
| Accounts payable and accrued expenses | $5,971 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,971 |
| Net assets without donor restrictions | $599,481 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $605,452 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Portland Electrical Joint Apprenticeship & Training Fund has recieved totaling $23.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Landing School Of Boatbuilding And Design Arundel, ME | $3,172,973 | $2,445,752 |
Manufacturing Extension Partnership Of New Hampshire Inc Concord, NH | $513,624 | $1,389,791 |
Maine Energy Marketers Association Education Foundation Brunswick, ME | $1,974,189 | $1,014,386 |
Portland Electrical Joint Apprenticeship & Training Fund Lewiston, ME | $605,452 | $619,076 |
Southern Maine Workers Center Portland, ME | $586,497 | $444,420 |
Augusta Electrical Joint Apprenticeship And Training Fund Newport, ME | $591,230 | $352,229 |
Coreys Closet Manchester, NH | $35,397 | $295,483 |
Common Threads Of Maine Westbrook, ME | $33,513 | $0 |
Friends Of Spannocchia Portland, ME | $169,468 | $200,159 |
Northeastern Lumber Manufacturers Institute Cumberland Center, ME | $604,696 | $27,683 |
Sheet Mental Workers Local 545 Training Fund Lewiston, ME | $55,546 | $0 |