Finishing Trades Institute Of The Ohio Region - F T I O R
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Strongsville, OH
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 34-1886672
Organization Overview
Finishing Trades Institute Of The Ohio Region - F T I O R is located in Strongsville, OH. The organization was established in 2000. 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 12/2021, Finishing Trades Institute Of The Ohio Region - F T I O R employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finishing Trades Institute Of The Ohio Region - F T I O R 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, Finishing Trades Institute Of The Ohio Region - F T I O R generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 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
TRAINING OF PRE-APPRENTICES, UPGRADING JOURNEYPERSONS SKILLS, AND RESEARCHING HEALTH AND SAFETY ISSUES RELATIVE TO THE PAINTING AND ALLIED TRADES INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES FOR TRAINING, UPGRADING SKILLS AND RESEARCHING ISSUES IN ACCORDANCE WITH THE PRIMARY PURPOSE OF THE ORGANIZATION FOR PRE-APPRENTICES, APPRENTICES, AND JOURNEYPERSONS THAT ARE MEMBERS OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Boots Administrator | Officer | 48 | $127,025 |
Ray Hauck Jr Trustee | Trustee | 2 | $0 |
Gary Johnson Trustee | Trustee | 2 | $0 |
Lou Ferrante Trustee | Trustee | 2 | $0 |
Lee Denney Trustee | Trustee | 2 | $0 |
Scott Harter Trustee | Trustee | 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 | $1,100,546 |
| Investment income | $35,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,213 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,176,965 |
| 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. | $127,024 |
| Compensation of current officers, directors, key employees. | $127,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $417,082 |
| Pension plan accruals and contributions | $107,141 |
| Other employee benefits | $87,552 |
| Payroll taxes | $41,175 |
| Fees for services: Management | $31,000 |
| Fees for services: Legal | $22,748 |
| Fees for services: Accounting | $13,975 |
| 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 | $81,223 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,680 |
| Travel | $73,332 |
| 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 | $11,886 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,243,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,519 |
| Savings and temporary cash investments | $460,325 |
| 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 | $72,908 |
| Investments—publicly traded securities | $700,073 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,563,825 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,660 |
| Total liabilities | $3,660 |
| 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 | $1,560,165 |
| Total liabilities and net assets/fund balances | $1,563,825 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Finishing Trades Institute Of The Ohio Region - F T I O R has recieved totaling $99,432.
| Awarding Organization | Amount |
|---|---|
Iupat Finishing Trades Institute Hanover, MD PURPOSE: GRANT | $99,432 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Williamson College Of The Trades Media, PA | $207,934,843 | $21,643,146 |
Indiana-Kentucky-Ohio Reg Cncil Of Crpntrs Jt Apprntc & Training Fund Warsaw, IN | $28,193,626 | $13,811,625 |
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 |
Toledo Electrical Joint Apprenticeship & Training Trust Fu Rossford, OH | $10,809,393 | $5,479,236 |
Sheet Metal Workers Local 20 Apprenticeship & Training Tr Indianapolis, IN | $6,462,738 | $3,929,061 |
Payne Pulliam School Of Trade And Commerce Inc Detroit, MI | $509,435 | $2,932,292 |
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 |