Carpenters International Training Fund
- Assets
- $132.3m
- Revenue
- $51.0m
- Investments
- $51.6m
- Employees
- 28
- Location
- Las Vegas, NV
- Founding
- 09/1990
- Data as of
- 12/2022
- 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 12/2022, Carpenters International Training Fund employed 28 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 12/2022, Carpenters International Training Fund generated $51.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $43.6m during the year ending 12/2022. 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
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 |
|---|---|---|---|
Douglas J Mccarron Chairman | OfficerTrustee | 1 | $0 |
Dennis Donahou Trustee | OfficerTrustee | 1 | $0 |
Thomas J Flynn Trustee | OfficerTrustee | 1 | $0 |
Jason Rowe Trustee | OfficerTrustee | 1 | $0 |
Frank Spencer Trustee | OfficerTrustee | 1 | $0 |
David Tharp Trustee | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mosaic Education Services | 12/30/22 | $2,983,927 |
Premier Technology Solutions Computer Consulting | 12/30/22 | $1,552,265 |
Mosaic Learning Education Services | 12/30/22 | $949,617 |
Segal Consulting Computer Consulting | 12/30/22 | $501,985 |
The Format Group Llc Education Services | 12/30/22 | $2,410,542 |
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 | $48,241,617 |
| Investment income | $630,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,911,691 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$271,924 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,975,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $737,801 |
| Grants and other assistance to Foreign Orgs/Individuals | $20,192 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $343,715 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,534,365 |
| Pension plan accruals and contributions | $550,262 |
| Other employee benefits | $641,165 |
| Payroll taxes | $216,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,613 |
| Fees for services: Accounting | $261,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $144,181 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $760,940 |
| Information technology | $2,650,994 |
| Royalties | $0 |
| Occupancy | $2,670,798 |
| Travel | $35,575 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,830 |
| Interest | $0 |
| Payments to affiliates | $2,144,745 |
| Depreciation, depletion, and amortization | $328,849 |
| Insurance | $106,584 |
| All other expenses | $145,273 |
| Total functional expenses | $43,558,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,784,415 |
| Savings and temporary cash investments | $35,764,512 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,290,640 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,106,182 |
| Inventories for sale or use | $2,189,996 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $582,699 |
| Investments—publicly traded securities | $20,162,757 |
| Investments—other securities | $51,605,869 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,842,068 |
| Total assets | $132,329,138 |
| Accounts payable and accrued expenses | $6,804,192 |
| 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 | $10,108,308 |
| Total liabilities | $16,912,500 |
| Net assets without donor restrictions | $115,416,638 |
| 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 | $132,329,138 |