Training Education And Technology Fund Of Local No One Iatse
- Assets
- $2.8m
- Revenue
- $356.4k
- Investments
- $0.0
- Employees
- 8
- Location
- New York, NY
- Founding
- 11/2011
- Data as of
- 12/2021
- EIN
- 45-2487957
Organization Overview
Training Education And Technology Fund Of Local No One Iatse is located in New York, NY. The organization was established in 2011. 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, Training Education And Technology Fund Of Local No One Iatse employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Training Education And Technology Fund Of Local No One Iatse 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, Training Education And Technology Fund Of Local No One Iatse generated $356.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $211.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) 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
TO CONDUCT A TRAINING SCHOOL PRESENTING COURSES IN THE VARIOUS CRAFTS AND SKILLS REQUIRED IN THE STAGECRAFT INDUSTRY; TO TRAIN INDIVIDUALS WORKING IN THE STAGECRAFT INDUSTRY; TO ENSURE THAT LOCAL STANDARDS ON THE QUALITY OF WORK CONFORM TO NATIONAL AND LOCAL CODES FOR THE STAGECRAFT INDUSTRY; TO DEVELOP A HIGHER DEGREE OF TECHNICAL EXPERTISE AND OCCUPATIONAL SAFETY AND EFFICIENCY FOR THOSE WORKING IN THE STAGECRAFT INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TRAINING COURSES TO INDIVIDUALS WHO WANTED TO DEVELOP A HIGHER DEGREE OF TECHNICAL EXPERTISE AND OCCUPATIONAL SAFETY AND EFFICIENCY IN THE STAGECRAFT INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Braunstein Director Of Training | 10 | $16,732 | |
James J Claffey Jr Trustee | Trustee | 2 | $0 |
Robert Score Trustee | Trustee | 5 | $0 |
Ann Marie Hackett Trustee | Trustee | 2 | $0 |
Robert Mcdonough Trustee | Trustee | 5 | $0 |
Paul Libin Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Finaly General Contracting Corp Facility Construction | 12/30/20 | $317,527 |
Pse Audio Visual Audio And Visual System | 12/30/20 | $210,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,105 |
| 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 | $29,105 |
| Total Program Service Revenue | $293,808 |
| Investment income | $14,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,578 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $356,393 |
| 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 | $60,836 |
| Compensation of current officers, directors, key employees. | $19,576 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,623 |
| Pension plan accruals and contributions | $2,558 |
| Other employee benefits | $4,377 |
| Payroll taxes | $9,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,975 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,585 |
| Fees for services: Other | $4,332 |
| Advertising and promotion | $0 |
| Office expenses | $488 |
| Information technology | $3,432 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $9,753 |
| All other expenses | $0 |
| Total functional expenses | $211,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $284,964 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,455 |
| 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 | $0 |
| Investments—publicly traded securities | $520,271 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,967,921 |
| Total assets | $2,804,611 |
| Accounts payable and accrued expenses | $28,860 |
| 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 | $26,239 |
| Total liabilities | $55,099 |
| 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 | $2,749,512 |
| Total liabilities and net assets/fund balances | $2,804,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania College Of Health Sciences Lancaster, PA | $80,772,993 | $33,230,495 |
Cardinal Cushing Centers Inc Hanover, MA | $37,067,888 | $40,935,356 |
Ort America Inc New York, NY | $29,293,739 | $16,000,497 |
Brooklyn Excelsior Charter School Brooklyn, NY | $823,096 | $13,395,974 |
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 |
All Our Kin Inc New Haven, CT | $6,225,964 | $7,705,066 |
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 |
Mason Tenders Training Fund Long Island City, NY | $44,024,998 | $3,801,436 |
North Bennet Street School Boston, MA | $57,772,831 | $8,454,312 |
Charter-Tech High School For The Performing Arts Inc Somers Point, NJ | $10,253,645 | $8,290,315 |