Parkersburg-Marietta Contractors And Trades Educational & Dev Fund
- Assets
- $1.9m
- Revenue
- $755.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Parkersburg, WV
- Founding
- 08/1993
- Data as of
- 06/2022
- EIN
- 55-0725996
Organization Overview
Parkersburg-Marietta Contractors And Trades Educational & Dev Fund is located in Parkersburg, WV. The organization was established in 1993. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Parkersburg-Marietta Contractors And Trades Educational & Dev Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkersburg-Marietta Contractors And Trades Educational & Dev 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 06/2022, Parkersburg-Marietta Contractors And Trades Educational & Dev Fund generated $755.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $509.5k during the year ending 06/2022. 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
THE EDUCATION AND TRAINING IN THE OCCUPATIONAL AND HEALTH ASPECT OF SERVICE IN THE LOCAL TRADES COUNCIL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION AND TRAINING IN THE OCCUPATIONAL AND HEALTH ASPECT OF SERVICE IN THE LOCAL TRADES COUNCIL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clinton Suggs Board Member | Trustee | 1 | $0 |
Matt Hilverding Board Member | Trustee | 1 | $0 |
Edgar Dodds Board Member | Trustee | 1 | $0 |
Randy Rogers Board Member | Trustee | 1 | $0 |
John Raddish Board Member | Trustee | 1 | $0 |
Denzil Malone Board Member | Trustee | 1 | $0 |
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 | $578,722 |
| Investment income | $12,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,600 |
| Net Gain/Loss on Asset Sales | $128,298 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $755,058 |
| 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 | $62,177 |
| Pension plan accruals and contributions | $1,836 |
| Other employee benefits | $0 |
| Payroll taxes | $4,387 |
| Fees for services: Management | $7,650 |
| Fees for services: Legal | $8,516 |
| Fees for services: Accounting | $39,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,000 |
| Fees for services: Other | $7,780 |
| Advertising and promotion | $0 |
| Office expenses | $22,442 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,202 |
| Travel | $2,025 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,583 |
| Insurance | $43,095 |
| All other expenses | $0 |
| Total functional expenses | $509,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,054,595 |
| Savings and temporary cash investments | $161,901 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,369 |
| 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 | $9,329 |
| Net Land, buildings, and equipment | $561,472 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,853,666 |
| Accounts payable and accrued expenses | $35,720 |
| 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 | $50,400 |
| Total liabilities | $86,120 |
| Net assets without donor restrictions | $1,767,546 |
| 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 | $1,853,666 |