Amtac Inc
- Assets
- $29.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 11/2016
- Data as of
- 06/2022
- EIN
- 38-4003130
Organization Overview
Amtac Inc is located in Oakland, CA. The organization was established in 2016. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amtac 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 06/2022, Amtac Inc generated $18.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (39.8%) each year. All expenses for the organization totaled $27.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (34.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE AND PROMOTE EDUCATION AND APPRENTICESHIP PROGRAMS FOR MACHINISTS, PRODUCTION WORKERS, TECHNICIANS, MAINTENANCE MECHANICS, AND QUALITY CONTROL WORKERS IN THE TRANSPORTATION AND MANUFACTURING INDUSTRIES IN CALIFORNIA.
Describe the Organization's Program Activity:
Part 3
ACCELERATOR GRANT 5.0 - "AMTAC VETERANS/YOUTH INITIATIVE" - SUBGRANTEE OF A WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) GRANT THROUGH THE STATE OF CALIFORNIA EMPLOYMENT DEVELOPMENT DEPARTMENTWORKFORC SERVICES DIVISION AS A WORKFORCE ACCELERATOR FUND (WAF) 5.0 GRANT. 86,584
MEMORANDUM OF UNDERSTANDING AGREEMENT WITH THE CONTRA COSTA COMMUNITY COLLEGE DISTRICT (4CD) AS A SUBAWARD TO CALIFORNIA APPRENTICESHIP INITIATIVE (CAI) TO IMPLEMENT A SCALABLE AND INNOVATIVE APPRENTICESHIP MODEL SERVING ADVANCED MANUFACTURING AND TRANSPORTATION (AM&T) EMPLOYERS IN THE GREATER SAN FRANCISCO EAST BAY TO BRIDGE THE SKILLS GAP IN CALIFORNIA'S AM&T INDUSTRIES BY DELIVERING APPRENTICESHIPS ACCROSS DIVERSE OCCUPATIONAL PATHWAYS UNDER A SINGLE MASTER COUNCIL. 38,182.
STATE CENTER COMMUNITY COLLEGE DISTRICT (SCCCD) - SIGNED CONTRACT FOR AWARD IN THE AMOUNT OF 9,94FOR APPRENTICE TRAINING OIN THE MACHINISTS TRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Beno Director/chair | 0.25 | $0 | |
Don Macinnes Director | 0.25 | $0 | |
Don Crosatto Director/chair | 0.25 | $0 | |
Grant Kerr Director/secretary/treasurer | 0.25 | $0 | |
Michael Caruana Director | 0.25 | $0 | |
Mike Maendl Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,867 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,867 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $24,255 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,551 |
| Total expenses | $27,806 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,305 |
| Other assets | $0 |
| Total assets | $29,568 |
| Total liabilities | $15,822 |
| Net assets or fund balances | $13,746 |