Ohio Laborers Training And Apprenticeship Fund
- Assets
- $24.4m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 49
- Location
- Westerville, OH
- Founding
- 10/1968
- Data as of
- 12/2021
- EIN
- 31-0739703
Organization Overview
Ohio Laborers Training And Apprenticeship Fund, operating under the name Ohio Laborers Training & Apprenticeship Trust Fund, is located in Westerville, OH. The organization was established in 1968. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Ohio Laborers Training & Apprenticeship Trust Fund employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Laborers Training & Apprenticeship Trust 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 12/2021, Ohio Laborers Training & Apprenticeship Trust Fund generated $8.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 5.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND ADMINISTERS A STATEWIDE APPRENTICESHIP PROGRAM FOR LABORERS AND PROVIDES TRAINING AND UPGRADING TO CONSTRUCTION LABORERS THROUGH CLASSROOM AND HANDS-ON INSTRUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDED TRAINING TO MEMBERS SPECIFICALLY TO SAFETY-IN-USE PROPER TECHNIQUES IN USE OF EQUIPMENT IMPROVEMENT OF SKILLS AND TRAINING TOWARDS FUTURE PROJECTS. THE FUND OVERSEES AN APPRENTICESHIP PROGRAM. ADDITIONALLY IT OWNS A TRAINING CENTER THAT TRAINS OVER 4,000 STUDENTS ANNUALLY IN A VARIETY OF CLASSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Underwood Executive Director | Officer | 40 | $156,641 |
John Hughes Training Director | Officer | 40 | $132,094 |
Vincent Irvin Apprenticeship Coordinator | Officer | 40 | $128,610 |
Ralph Cole Chairman | Trustee | 1 | $0 |
Fritz Rudolph Jr Business Manager | Trustee | 1 | $0 |
Geoffrey Rinehart Projects Manager | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,941,731 |
| Investment income | $225,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $217,549 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,394,060 |
| 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. | $391,856 |
| Compensation of current officers, directors, key employees. | $391,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,746,109 |
| Pension plan accruals and contributions | $458,698 |
| Other employee benefits | $615,602 |
| Payroll taxes | $279,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,707 |
| Fees for services: Accounting | $13,962 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,253 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,405 |
| Office expenses | $800,417 |
| Information technology | $107,247 |
| Royalties | $0 |
| Occupancy | $175,456 |
| Travel | $502,736 |
| 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 | $930,475 |
| Insurance | $82,036 |
| All other expenses | $0 |
| Total functional expenses | $7,714,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $791,411 |
| Savings and temporary cash investments | $1,933,468 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $738,734 |
| 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 | $106,324 |
| Net Land, buildings, and equipment | $14,662,303 |
| Investments—publicly traded securities | $6,139,110 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,371,350 |
| Accounts payable and accrued expenses | $746,167 |
| 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 | $746,167 |
| 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 | $23,625,183 |
| Total liabilities and net assets/fund balances | $24,371,350 |
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Ohio Laborers Training And Apprenticeship Fund Westerville, OH | $24,371,350 | $8,394,060 |