Electrical Local No 26 Joint Apprenticeship & Training Tr Fund
- Assets
- $29.8m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 61
- Location
- Lanham, MD
- Founding
- 06/1968
- Data as of
- 06/2022
- EIN
- 52-6068019
Organization Overview
Electrical Local No 26 Joint Apprenticeship & Training Tr Fund is located in Lanham, MD. The organization was established in 1968. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2022, Electrical Local No 26 Joint Apprenticeship & Training Tr Fund employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electrical Local No 26 Joint Apprenticeship & Training Tr 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 06/2022, Electrical Local No 26 Joint Apprenticeship & Training Tr Fund generated $14.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $10.2m during the year ending 06/2022. While expenses have increased by 3.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FUND IS TO PROVIDE, THROUGH CONTRIBUTIONS TO A TRUST FUND, EDUCATION AND TRAINING PROGRAMS FOR APPRENTICE AND JOURNEYMEN ELECTRICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPRENTICESHIP, JOURNEYMAN, AND RESIDENTIAL TRAINING PROGRAM FOR ELECTRICIANS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Cash Director | Officer | 40 | $172,590 |
Mark Thompson Instructor | 40 | $128,683 | |
William Triplett Instructor | 40 | $126,510 | |
Marcko Yates Assistant Director | 40 | $126,063 | |
Marty Mcrae Instructor | 40 | $125,668 | |
Roy Reeves Assistant Director | 40 | $125,151 |
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 | $13,586,569 |
| Investment income | $703,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,915 |
| Net Gain/Loss on Asset Sales | -$32,548 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,296,333 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,762,441 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $216,720 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,333,609 |
| Pension plan accruals and contributions | $471,646 |
| Other employee benefits | $309,380 |
| Payroll taxes | $479,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,554 |
| Fees for services: Accounting | $86,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,126 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $56,195 |
| Information technology | $81,840 |
| Royalties | $0 |
| Occupancy | $342,505 |
| Travel | $19,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,607 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $292,981 |
| Insurance | $78,216 |
| All other expenses | $310,390 |
| Total functional expenses | $10,222,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,240,002 |
| Savings and temporary cash investments | $2,339,878 |
| 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 | $469,716 |
| Net Land, buildings, and equipment | $3,266,326 |
| Investments—publicly traded securities | $20,671,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,807,026 |
| Total assets | $29,794,692 |
| Accounts payable and accrued expenses | $534,876 |
| 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 | $534,876 |
| Net assets without donor restrictions | $29,259,816 |
| 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 | $29,794,692 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Electrical Local No 26 Joint Apprenticeship & Training Tr Fund has recieved totaling $15,471.
| Awarding Organization | Amount |
|---|---|
Electrical Training Alliance Bowie, MD PURPOSE: TRAINING | $15,471 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home Builders Institute Washington, DC | $13,142,245 | $43,277,759 |
National Electrical Contractors Association Inc Washington, DC | $44,117,861 | $37,605,708 |
Electrical Training Alliance Bowie, MD | $46,161,520 | $37,934,095 |
International Union Of Operating Engineers National Training Fund Washington, DC | $30,318,039 | $21,521,073 |
Electrical Local No 26 Joint Apprenticeship & Training Tr Fund Lanham, MD | $29,794,692 | $14,296,333 |
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |
Mm&p Maritime Advancement Training Ed & Safety Program Linthicum Heights, MD | $12,191,670 | $4,959,385 |
Baltimore Corps Inc Baltimore, MD | $9,476,399 | $10,474,967 |
Eastern Atlantic States Carpenters Technical College Philadelphia, PA | $14,328,660 | $6,924,336 |
Heating Piping & Refrigeration Training Fund Landover, MD | $40,125,047 | $11,368,274 |
Northeastern Joint Apprenticeship And Training Trust Fund Douglassville, PA | $22,903,103 | $9,711,696 |
Kml Carpenters Apprenticeship And Training Fund Pittsburgh, PA | $21,491,518 | $8,157,568 |