Finishing Trades Institute Of West Virginia Region Inc
- Assets
- $497.4k
- Revenue
- $717.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Charleston, WV
- Founding
- 09/2003
- Data as of
- 06/2021
- EIN
- 30-0079868
Organization Overview
Finishing Trades Institute Of West Virginia Region Inc is located in Charleston, WV. The organization was established in 2003. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2021, Finishing Trades Institute Of West Virginia Region Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finishing Trades Institute Of West Virginia Region Inc 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, Finishing Trades Institute Of West Virginia Region Inc generated $717.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $689.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 years. 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
OPERATE AN APPRENTICESHIP AND VOCATIONAL TRAINING TRUST FUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AN APPRENTICESHIP AND TRAINING PROGRAM TO IMPROVE THE KNOWLEDGE AND TRAINING AMONG MEMBERS OF THE VARIOUS INDUSTRIES IN THE PAINTING AND ALLIED TRADES; THAT WILL ENCOURAGE ENTRY INTO THESE TRADES OF ALL INDIVIDUALS SO DESIRING; WHICH TRAINS MEMBERS TO SKILLFULLY CARRY OUT THE DUTIES OF PAINTING AND ALLIED TRADE POSITIONS IN THE VARIOUS INDUSTRIES; WHICH ADDRESSES DEVELOPMENTS IN TECHNOLOGY AND APPLICATION OF NEW PRODUCTS; AND WHICH ENSURES THAT ALL SUCH TRAINING AND APPRENTICESHIP PROGRAMS ARE UNDERTAKEN AT THE HIGHEST LEVEL OF QUALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Stanley Co-Chair Uni | OfficerTrustee | 2 | $0 |
Kenneth Bowen Co-Chair Mgt | OfficerTrustee | 1 | $0 |
Jerry Scarbro Trustee | Trustee | 0.5 | $0 |
Dj Eddy Trustee | Trustee | 0.5 | $0 |
Rodney Skaggs Trustee | Trustee | 0.5 | $0 |
Harold Keller Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $652,510 |
| 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 | $652,510 |
| Total Program Service Revenue | $2,172 |
| Investment income | $269 |
| 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 | $717,451 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,831 |
| Pension plan accruals and contributions | $83,250 |
| Other employee benefits | $31,877 |
| Payroll taxes | $29,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $656 |
| Fees for services: Accounting | $18,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,184 |
| Office expenses | $22,207 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $130,150 |
| Travel | $9,852 |
| 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 | $75,287 |
| Depreciation, depletion, and amortization | $546 |
| Insurance | $9,727 |
| All other expenses | $4,865 |
| Total functional expenses | $689,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $384,555 |
| Savings and temporary cash investments | $104,235 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,443 |
| 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 | $2,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $497,413 |
| Accounts payable and accrued expenses | $37,973 |
| 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 | $24,620 |
| Total liabilities | $62,593 |
| Net assets without donor restrictions | $434,820 |
| 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 | $497,413 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania College Of Health Sciences Lancaster, PA | $80,772,993 | $33,230,495 |
Williamson College Of The Trades Media, PA | $207,934,843 | $21,643,146 |
O S Johnson School Of Technology Scranton, PA | $30,244,832 | $14,495,079 |
Laborers District Cncl Of The Metro Area Of Philadelhia & Vicinity Exton, PA | $71,995,191 | $16,510,639 |
Philadelphia Technician Training Inc Philadelphia, PA | $9,117,106 | $11,028,900 |
Ohio Carpenters Joint Apprenticeship And Training Trust Columbus, OH | $9,324,678 | $6,147,861 |
Meba Training Plan Baltimore, MD | $15,796,900 | $7,564,374 |
Accreditation Alliance Of Career Schools And Colleges Arlington, VA | $26,046,219 | $7,869,062 |
Toledo Electrical Joint Apprenticeship & Training Trust Fu Rossford, OH | $10,809,393 | $5,479,236 |
Cincinnati Ohio Electrical Joint Apprenticeship & Training Trust Fu Cincinnati, OH | $5,198,378 | $3,445,760 |
Edwins Leadership And Restaurantinstitute Cleveland, OH | $533,045 | $2,577,512 |
Mound Street Academies Pickerington, OH | $0 | $711,755 |