Mid-Atlantic Carpenters Training Centers
- Assets
- $9.5m
- Revenue
- $2.9m
- Investments
- $6.4m
- Employees
- 27
- Location
- Upper Marlboro, MD
- Founding
- 01/1974
- Data as of
- 12/2021
- EIN
- 53-0190955
Organization Overview
Mid-Atlantic Carpenters Training Centers is located in Upper Marlboro, MD. The organization was established in 1974. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Mid-Atlantic Carpenters Training Centers employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Atlantic Carpenters Training Centers 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, Mid-Atlantic Carpenters Training Centers generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 0.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE APPRENTICESHIP AND JOURNEYMEN CARPENTERS EDUCATION AND TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPRENTICESHIP AND JOURNEYMEN TRAINING AND EDUCATION FOR CARPENTERS UNDER A COLLECTIVE BARGAINING AGREEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Sproule Co-Chairman | Officer | 2 | $0 |
George Rusk Co-Chairman | Officer | 2 | $0 |
Robert Burns Trustee | Trustee | 2 | $0 |
Arash Parham Trustee | Trustee | 2 | $0 |
Mark Ward Trustee | Trustee | 2 | $0 |
Bobby Pressley Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,948 |
| 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 | $178,948 |
| Total Program Service Revenue | $2,521,981 |
| Investment income | $206,631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,945 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,927,505 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $812,856 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $351,030 |
| Payroll taxes | $65,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,096 |
| Fees for services: Accounting | $21,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,447 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $210,140 |
| Information technology | $85,639 |
| Royalties | $0 |
| Occupancy | $428,942 |
| Travel | $126,985 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,054 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,807 |
| Insurance | $46,236 |
| All other expenses | $114,949 |
| Total functional expenses | $2,399,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $606,648 |
| Savings and temporary cash investments | $194,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $292,551 |
| 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 | $1,940,796 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,416,384 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $876 |
| Total assets | $9,451,555 |
| Accounts payable and accrued expenses | $143,063 |
| 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 | $143,063 |
| Net assets without donor restrictions | $9,308,492 |
| 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 | $9,451,555 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mid-Atlantic Carpenters Training Centers has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
Jobs For The Future Inc Boston, MA PURPOSE: TO SUPPORT AMERICAN WORKFORCE AND EDUCATION | $9,000 |