International Training Institute For The Sheet Metal & Ac Industry
- Assets
- $60.9m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 24
- Location
- Falls Church, VA
- Founding
- 12/1971
- Data as of
- 12/2022
- EIN
- 52-0914827
Organization Overview
International Training Institute For The Sheet Metal & Ac Industry is located in Falls Church, VA. The organization was established in 1971. According to its NTEE Classification (J02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Employment and related organizations. As of 12/2022, International Training Institute For The Sheet Metal & Ac Industry employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Training Institute For The Sheet Metal & Ac Industry 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 12/2022, International Training Institute For The Sheet Metal & Ac Industry generated $15.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $13.6m during the year ending 12/2022. While expenses have increased by 6.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROVIDE EDUCATIONAL SERVICES AND TRAINING RESOURCES FOR APPRENTICES AND JOURNEY PERSONS IN THE SHEET METAL AND AIR CONDITIONING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND PROVIDE EDUCATIONAL SERVICES AND TRAINING FOR APPRENTICES AND JOURNEY PERSONS IN THE SHEET METAL AND AIR CONDITIONING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Novak Co-Chair | Trustee | 1 | $0 |
Joseph Sellers Co-Chair | Trustee | 1 | $0 |
John E Sickle Jr Trustee | Trustee | 1 | $0 |
Joseph Powell Trustee | Trustee | 1 | $0 |
Matthew Cramer Trustee | Trustee | 1 | $0 |
Richard H Werner Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Airlines Travel Agency | 12/30/22 | $396,637 |
Interplay Learning Software Licenses | 12/30/22 | $332,500 |
Imagine Communications Marketing | 12/30/22 | $179,342 |
Smw National Pension Fund Asa Agreement | 12/30/22 | $311,816 |
Data Research Group Help Desk And Technical Support | 12/30/22 | $213,238 |
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 | $13,898,435 |
| Investment income | $1,114,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$104,379 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,099,753 |
| 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. | $645,996 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,971,499 |
| Pension plan accruals and contributions | $867,281 |
| Other employee benefits | $1,017,992 |
| Payroll taxes | $224,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $156,937 |
| Fees for services: Accounting | $46,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $277,803 |
| Fees for services: Other | $835,807 |
| Advertising and promotion | $0 |
| Office expenses | $2,412,483 |
| Information technology | $257,418 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,660,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,013 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,506 |
| Insurance | $108,243 |
| All other expenses | $0 |
| Total functional expenses | $13,626,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,343,031 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,574 |
| Accounts receivable, net | $2,295,233 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $507,328 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $132,133 |
| Net Land, buildings, and equipment | $572,586 |
| Investments—publicly traded securities | $52,955,222 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,856,107 |
| Accounts payable and accrued expenses | $385,846 |
| 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 | $385,846 |
| Net assets without donor restrictions | $60,470,261 |
| 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 | $60,856,107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mechanical Licensing Collective Nashville, TN | $954,040,606 | $44,636,158 |
International Training Institute For The Sheet Metal & Ac Industry Falls Church, VA | $60,856,107 | $15,099,753 |
Grow Capital Jobs Foundation Richmond, VA | $524,955 | $2,629,829 |
Root Change Washington, DC | $560,751 | $1,394,242 |
Workers Dignity Project Nashville, TN | $268,049 | $233,032 |
Kentucky Labor Management Conference Inc Frankfort, KY | $242,468 | $241,092 |
Boom Beans Llc Williamsburg, KY | $55,011 | $203,710 |
Building Right Relationships Inc Severn, MD | $15,793 | $74,511 |
Patent Pathways Fairfax, VA | $4,290 | $31,400 |
Wit-Ops Silver Spring, MD | $0 | $0 |
Virginia Spqa Chesapeake, VA | $146,749 | $0 |
Coworker Washington, DC | $3,528 | $0 |