Apprenticeship Training Fund Local 138
- Assets
- $2.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Farmingdale, NY
- Founding
- 12/1964
- Data as of
- 06/2022
- EIN
- 11-2000172
Organization Overview
Apprenticeship Training Fund Local 138 is located in Farmingdale, NY. The organization was established in 1964. According to its NTEE Classification (J11) the organization is classified as: Single Organization Support, under the broad grouping of Employment and related organizations. As of 06/2022, Apprenticeship Training Fund Local 138 employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apprenticeship Training Fund Local 138 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 06/2022, Apprenticeship Training Fund Local 138 generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 4.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL AND SKILL IMPROVEMENT TRAINING FACILITIES FOR ELIGIBLE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL AND SKILL IMPROVEMENT TRAININGFACILITIES FOR ELIGIBLE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Barnett Plan Administrator | Officer | 2 | $256,969 |
Vincent D Razzano Training Director | OfficerTrustee | 38 | $231,416 |
Christopher Duffy Annuity Admin | 0 | $189,910 | |
Scott Tierney Apprentice Instructor | 40 | $174,431 | |
John J Duffy Trustee | Trustee | 2 | $0 |
William Duffy Jr Trustee | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,016,576 |
| Investment income | $1,287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,163,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $231,416 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,300 |
| Pension plan accruals and contributions | $161,913 |
| Other employee benefits | $52,851 |
| Payroll taxes | $37,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,243 |
| Fees for services: Accounting | $49,799 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $112,013 |
| Information technology | $2,521 |
| Royalties | $0 |
| Occupancy | $41,861 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,223 |
| Interest | $1,378 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,878 |
| Insurance | $55,000 |
| All other expenses | $7,697 |
| Total functional expenses | $1,482,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,590 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $170,823 |
| 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 | $6,506 |
| Net Land, buildings, and equipment | $514,797 |
| Investments—publicly traded securities | $1,379,280 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $173,068 |
| Total assets | $2,557,064 |
| Accounts payable and accrued expenses | $26,546 |
| 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 | $27,077 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $75,896 |
| Total liabilities | $129,519 |
| Net assets without donor restrictions | $0 |
| 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 | $2,427,545 |
| Total liabilities and net assets/fund balances | $2,557,064 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jevs Foundation Philadelphia, PA | $22,378,436 | $5,045,422 |
E & C Property Holdings South Inc Flushing, NY | $55,632,278 | $0 |
Apprenticeship Training Fund Local 138 Farmingdale, NY | $2,557,064 | $2,163,863 |
New York Lathers Apprenticeship Fund Woodside, NY | $6,363,116 | $828,758 |
E & C Property Holdings Inc Flushing, NY | $28,030,443 | $0 |
Cuisine On The Green Inc Toms River, NJ | $231,623 | $683,860 |
Boston Carpenters Training Center Boston, MA | $8,599,890 | $0 |
Edward K Leighton Tr Uw 10104869003 Pittsburgh, PA | $4,325,418 | $891,584 |
Charles Ensley Educational & Scholarship Fund Of The Sseu New York, NY | $65,749 | $267,729 |
County Plumbers Inc Ronkonkoma, NY | $1,423,743 | $115,200 |
Nace Center For Career Development And Talent Acquisition Bethlehem, PA | $1,377 | $0 |
Iron Workers Local 580 Shop Apprenticeship Training-Upgrading Fund New York, NY | $266,925 | $0 |