South Florida Operating Engineers Apprentice & Training Fund
- Assets
- $5.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Sparks, MD
- Founding
- 06/1974
- Data as of
- 03/2022
- EIN
- 59-1500161
Organization Overview
South Florida Operating Engineers Apprentice & Training Fund is located in Sparks, 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 03/2022, South Florida Operating Engineers Apprentice & Training Fund employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Florida Operating Engineers Apprentice & Training Fund 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 03/2022, South Florida Operating Engineers Apprentice & Training Fund generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $570.0k during the year ending 03/2022. While expenses have increased by 6.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INSTRUCTION AND PRACTICE ON CONSTRUCTION EQUIPMENT OF THE TYPE USED WITHIN THE JURISDICTION OF THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 487.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE INSTRUCTION AND PRACTICE ON CONSTRUCTION EQUIPMENT OF THE TYPE USED WITHIN THE JURISDICTION OF THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 487.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Singer Vice Chairpe | OfficerTrustee | 0.4 | $0 |
Jonathan Turk Secretary | OfficerTrustee | 0.4 | $0 |
Mark Schaunaman Chairperson | OfficerTrustee | 0.8 | $0 |
Jack Epperson Jr Trustee | Trustee | 0.4 | $0 |
Michael Harrison Trustee | Trustee | 0.4 | $0 |
Walberto Utreras Trustee | Trustee | 0.4 | $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 | $879,174 |
| Investment income | $39,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $97,199 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,018,654 |
| 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 | $204,311 |
| Pension plan accruals and contributions | $45,811 |
| Other employee benefits | $43,861 |
| Payroll taxes | $16,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,653 |
| Fees for services: Accounting | $7,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,052 |
| Fees for services: Other | $37,581 |
| Advertising and promotion | $3,806 |
| Office expenses | $18,924 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,195 |
| Travel | $6,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,824 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,407 |
| Insurance | $25,231 |
| All other expenses | $0 |
| Total functional expenses | $569,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $718,466 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,882 |
| 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 | $11,138 |
| Net Land, buildings, and equipment | $1,649,735 |
| Investments—publicly traded securities | $2,188,586 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300,615 |
| Total assets | $4,975,422 |
| Accounts payable and accrued expenses | $16,749 |
| 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 | $286 |
| Total liabilities | $17,035 |
| Net assets without donor restrictions | $4,958,387 |
| 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 | $4,975,422 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home Builders Institute Washington, DC | $13,142,245 | $43,277,759 |
National Electrical Contractors Association Inc Washington, DC | $44,117,861 | $37,605,708 |
Electrical Training Alliance Bowie, MD | $46,161,520 | $37,934,095 |
International Union Of Operating Engineers National Training Fund Washington, DC | $30,318,039 | $21,521,073 |
Electrical Local No 26 Joint Apprenticeship & Training Tr Fund Lanham, MD | $29,794,692 | $14,296,333 |
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |
Mm&p Maritime Advancement Training Ed & Safety Program Linthicum Heights, MD | $12,191,670 | $4,959,385 |
Baltimore Corps Inc Baltimore, MD | $9,476,399 | $10,474,967 |
Eastern Atlantic States Carpenters Technical College Philadelphia, PA | $14,328,660 | $6,924,336 |
Heating Piping & Refrigeration Training Fund Landover, MD | $40,125,047 | $11,368,274 |
Northeastern Joint Apprenticeship And Training Trust Fund Douglassville, PA | $22,903,103 | $9,711,696 |
Kml Carpenters Apprenticeship And Training Fund Pittsburgh, PA | $21,491,518 | $8,157,568 |