North Alabama Craft Training Foundation
- Assets
- $573.5k
- Revenue
- $404.1k
- Investments
- $0.0
- Employees
- 20
- Location
- Huntsville, AL
- Founding
- 09/2002
- Data as of
- 06/2022
- EIN
- 74-3047252
Organization Overview
North Alabama Craft Training Foundation is located in Huntsville, AL. The organization was established in 2002. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2022, North Alabama Craft Training Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Alabama Craft Training Foundation 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, North Alabama Craft Training Foundation generated $404.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $349.5k during the year ending 06/2022. While expenses have increased by 20.5% 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 ENSURE THE EXISTANCE OF A QUALITY LOCAL WORKFORCE - INSTRUCTOR FEES, COURSE MATERIALS, TRAINING FACILITIES, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENSURE THE EXISTANCE OF A QUALITY LOCAL WORKFORCE BY PROVIDING INSTRUCTOR FEES, COURSE MATERIALS, TRAINING FACILITIES, ETC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Mitchell Director | OfficerTrustee | 5 | $0 |
Rodney Ferguson Chairman | Trustee | 0 | $0 |
Britt Mccormick Director | Trustee | 0 | $0 |
Sean Lee Director | Trustee | 0 | $0 |
Jason Lindsey Director | Trustee | 0 | $0 |
Jay Stutts Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,989 |
| All other contributions, gifts, grants, and similar amounts not included above | $291,936 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,925 |
| Total Program Service Revenue | $0 |
| Investment income | $1,142 |
| 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 | $404,067 |
| 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 | $145,913 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $43,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,738 |
| 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 | $4,995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,843 |
| Travel | $6,900 |
| 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 | $38,123 |
| Insurance | $6,370 |
| All other expenses | $1,706 |
| Total functional expenses | $349,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $327,140 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $25,741 |
| Net Land, buildings, and equipment | $220,592 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $573,473 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $31,650 |
| 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 | $31,650 |
| 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 | $541,823 |
| Total liabilities and net assets/fund balances | $573,473 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bay Haven Charter Academy Inc Panama City, FL | $72,477,162 | $30,327,754 |
Laurelbrook Sanitarium And School Incorporated Dayton, TN | $3,172,312 | $3,978,330 |
Circus Arts Conservatory Inc Sarasota, FL | $8,250,938 | $3,678,261 |
Brillare Beauty Institute Cleveland, TN | $1,097,021 | $2,779,261 |
Youth Automotive Training Center Of Broward Inc Deerfield Beach, FL | $53,993,495 | $5,483,147 |
Edventure Charter School Inc Hypoluxo, FL | $1,173,630 | $2,133,014 |
Believers Academy Inc West Palm Beach, FL | $1,332,397 | $2,105,906 |
Plumbers & Pipefitters Locals 352 & 572 Joint Apprenticeship Committee Nashville, TN | $1,903,387 | $1,719,621 |
Central Florida Leadership Academy Orlando, FL | $907,146 | $949,448 |
Tennessee Future Farmers Of America Foundation Inc Cookeville, TN | $8,783,000 | $1,550,962 |
Donna J Beasley Tri-County Apprenticeship Academy Inc Fort Myers, FL | $2,484,680 | $1,196,685 |
Electrician Training Academy At Knoxville Knoxville, TN | $786,789 | $800,194 |