Carpenters International Training Fund
- Assets
- $129.9m
- Revenue
- $65.0m
- Investments
- $63.0m
- Employees
- 27
- Location
- Las Vegas, NV
- Founding
- 09/1990
- Data as of
- 12/2021
- EIN
- 52-6447063
Organization Overview
Carpenters International Training Fund is located in Las Vegas, NV. The organization was established in 1990. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Carpenters International Training Fund employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carpenters International Training Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Carpenters International Training Fund generated $65.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $25.3m during the year ending 12/2021. 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
PROVIDE A CENTRAL SUPPORT STRUCTURE FOR AFFILIATED JOINT APPRENTICESHIP AND TRAINING AND HEALTH AND SAFETY EDUCATION COMMITTEES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A CENTRAL SUPPORT STRUCTURE FOR AFFILIATED JOINT APPRENTICESHIP & TRAINING AND HEALTH & SAFETY EDUCATION COMMITTEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Royce Peters Executive Director | Officer | 40 | $242,536 |
Lyle Hamm Technical Coordinator | 40 | $175,734 | |
Douglas Fagan Ojt Instructor | 40 | $143,566 | |
Daniel Armenta Ojt Instructor | 40 | $143,022 | |
Andrew Carr Technical Coordinator | 40 | $138,513 | |
Manuel Saldana Ojt Instructor | 40 | $134,248 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Format Group Llc Education Services | 12/30/21 | $1,839,079 |
Mosaic Education Services | 12/30/21 | $1,290,434 |
Cooperative Personnel Services Temporary Help | 12/30/21 | $893,357 |
Premier Technology Solutions Computer Consulting | 12/30/21 | $1,251,429 |
Segal Consulting Computer Consulting | 12/30/21 | $396,714 |
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 | $41,144,343 |
| Investment income | $590,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,641,821 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$379,112 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,985,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $261,554 |
| Grants and other assistance to Foreign Orgs/Individuals | $89,646 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $321,516 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,337,344 |
| Pension plan accruals and contributions | $486,417 |
| Other employee benefits | $677,184 |
| Payroll taxes | $207,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,140 |
| Fees for services: Accounting | $291,377 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $126,052 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $448,275 |
| Information technology | $2,174,874 |
| Royalties | $0 |
| Occupancy | $2,534,565 |
| Travel | $18,968 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,123 |
| Interest | $0 |
| Payments to affiliates | $1,166,482 |
| Depreciation, depletion, and amortization | $432,927 |
| Insurance | $88,045 |
| All other expenses | $118,197 |
| Total functional expenses | $25,278,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $796,260 |
| Savings and temporary cash investments | $31,010,713 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,660,262 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,216,206 |
| Inventories for sale or use | $1,993,145 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $846,353 |
| Investments—publicly traded securities | $21,300,113 |
| Investments—other securities | $62,982,253 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,803 |
| Total assets | $129,909,108 |
| Accounts payable and accrued expenses | $4,574,302 |
| 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 | $1,503,247 |
| Total liabilities | $6,077,549 |
| Net assets without donor restrictions | $123,831,559 |
| 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 | $129,909,108 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S E I U Uhw Local 2005 Oakland, CA | $84,720,726 | $115,747,893 |
Screen Actors Guild- American Federation Of Television And Radio Los Angeles, CA | $489,430,210 | $116,653,333 |
United Brotherhood Of Carpenters & Joiners Of America Los Angeles, CA | $343,008,964 | $113,955,046 |
Service Employees International Union Los Angeles, CA | $122,690,385 | $94,073,514 |
Service Employees International Union Los Angeles, CA | $37,940,292 | $71,749,846 |
International Union Of Operating Engineers Local 3 Alameda, CA | $96,789,606 | $67,758,955 |
Los Angeles County Professional Peace Officers Association San Dimas, CA | $7,676,247 | $51,684,882 |
United Teachers Los Angeles Los Angeles, CA | $51,917,660 | $49,880,266 |
Union Of California State Workers Sacramento, CA | $36,503,643 | $45,747,790 |
Service Employees International Union Oakland, CA | $59,492,320 | $48,330,532 |
United Brotherhood Of Carpenters & Joiners Of America Oakland, CA | $230,758,063 | $85,724,853 |
Directors Guild Of America Inc Los Angeles, CA | $101,897,715 | $40,881,424 |