M C Dean Inc Benefits Training Tr
- Assets
- $6.2m
- Revenue
- $292.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Tysons, VA
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 56-6616480
Organization Overview
M C Dean Inc Benefits Training Tr is located in Tysons, VA. The organization was established in 2004. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M C Dean Inc Benefits Training Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, M C Dean Inc Benefits Training Tr generated $292.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $290.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.8%) per year over the past 6 years. 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
TO PROVIDE TRAINING TO EMPLOYEES OF MC DEAN, INC THROUGH APPRENTICESHIP PROGRAMS REGISTERED WITH, APPROVED BY, ACCEPTED BY, OR OTHERWISE MEETING THE APPLICABLE REQUIREMENTS OF THE UNITED STATES DEPARTMENT OF LABOR, A STATE APPRENTICESHIP COUNCIL, OR A STATE APPRENTICESHIP AGENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING IS CONDUCTED BY STAFF PROVIDED BY M.C. DEAN, INC. STAFF AND APPRENTICESHIP SCHOOL INSTRUCTORS. IT CONSISTS OF CLASSROOM TRAINING AND ON-THE-JOB TRAINING AND INCLUDES VOCATIONAL AND COLLEGIATE COURSES, JOINTLY SPONSORED AND IN-HOUSE TRAINING. APPRENTICESHIP PROGRAMS PROVIDE POST-JOURNEYMEN TRAINING TO ADVANCE TO MASTER ELECTRICIAN, LICENSED SPECIALISTS IN ELECTRICITY, TELECOMMUNICATIONS, & INFORMATION TECHNOLOGY. THE TRUST CURRENTLY OPERATES 17 SCHOOLS/ TRAINING PROGRAMS IN 7 STATES AS WELL AS THE DISTRICT OF COLUMBIA. REFER TO SCHEDULE O FOR A LISTING OF SCHOOLS AND THE CITIES IN WHICH THEY OPERATE.LISTING OF APPRENTICESHIP SCHOOLS:1 DC APPRENTICESHIP ACADEMY - WASHINGTON, DC2 IEC FLORIDA WEST COAST CHAPTER - CLEARWATER, FL3 ABC FLORIDA EAST COAST CHAPTER - COCONUT CREEK, FL4 ABC FLORIDA GULF COAST CHAPTER - TAMPA, FL5 IEC ATLANTA - ATLANTA, GA6 ABC CHESAPEAKE SHORES - ANNAPOLIS, MD7 ABC BALTIMORE METRO CHAPTER - BALTIMORE, MD8 ABC CUMBERLAND VALLEY CHAPTER - HAGERSTOWN, MD9 IEC CHESAPEAKE - LAUREL, MD10 HARFORD COUNTY ELECTRICAL CONTRACTORS ASSOCIATION - BEL AIR, MD11 ABC OF THE CAROLINAS - CHARLOTTE, NC12 CHARLESTON ELECTRICAL CONTRACTORS ASSOCIATION OF SC - CHARLESTON, SC13 CONSTRUCTION EDUCATION FOUNDATION - DFW, TX14 ABC VIRGINIA - DULLES, VA15 FLORIDA ELECTRICAL APPRENTICESHIP & TRAINING (FEAT) - ORLANDO, FL16 IEC SAN ANTONIO - SAN ANTONIO, TX17 ABC TENNESSEE - NASHVILLE, TN18 NORTH ALABAMA CRAFT - HUNTSVILLE, AL19 ASP-INT (AUTOMATION STRATEGY & PERFORMANCE)-WINTER SPRING,FL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William H Dean Trustee | Trustee | 0.1 | $0 |
N Douglas Cumins Duly Auth Officer | Officer | 0.5 | $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 | $287,716 |
| Investment income | $4,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,612 |
| 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 | $85,406 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,825 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,771 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,594 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $290,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $301,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,893,080 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,194,880 |
| Accounts payable and accrued expenses | $6,129,438 |
| 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 | $6,129,438 |
| Net assets without donor restrictions | $0 |
| 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 | $65,442 |
| Total liabilities and net assets/fund balances | $6,194,880 |