Gulf Coast Carpenters & Millwrights Training Trust Fund
- Assets
- $15.4m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 103
- Location
- Austin, TX
- Founding
- 08/1979
- Data as of
- 12/2021
- EIN
- 75-1606486
Organization Overview
Gulf Coast Carpenters & Millwrights Training Trust Fund is located in Austin, TX. The organization was established in 1979. 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, Gulf Coast Carpenters & Millwrights Training Trust Fund employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Coast Carpenters & Millwrights Training Trust 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 12/2021, Gulf Coast Carpenters & Millwrights Training Trust Fund generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $6.8m during the year ending 12/2021. While expenses have increased by 15.8% 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 AND MAINTAIN APPRENTICE TRAINING, EDUCATION AND INSTRUCTION FOR UNION MEMBERS IN THE CARPENTRY AND MILLWRIGHT TRADES AND UPGRADE TRAINING FOR UNION JOURNEYMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AND MAINTAIN APPRENTICE TRAINING, EDUCATION AND INSTRUCTION FOR UNION MEMBERS IN THE CARPENTRY AND MILLWRIGHT TRADES AND UPGRADE TRAINING FOR UNION JOURNEYMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Jones Executive Di | Officer | 40 | $117,589 |
David Barron Area Cordina | 40 | $106,418 | |
Marc Norred Trustee | Trustee | 1 | $0 |
Beau Serpas Trustee | Trustee | 1 | $0 |
Terry Darling Trustee | Trustee | 1 | $0 |
Mike Hines Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $488,372 |
| 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 | $488,372 |
| Total Program Service Revenue | $6,050,083 |
| Investment income | $702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,390 |
| Net Gain/Loss on Asset Sales | -$7,331 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,036,287 |
| 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 | $1,328,766 |
| 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 | $2,621,128 |
| Pension plan accruals and contributions | $241,133 |
| Other employee benefits | $595,919 |
| Payroll taxes | $215,953 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,057 |
| Fees for services: Accounting | $74,692 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,194 |
| Advertising and promotion | $10,461 |
| Office expenses | $445,951 |
| Information technology | $39,847 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $160,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,296 |
| Interest | $180,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $532,150 |
| Insurance | $180,774 |
| All other expenses | $11,582 |
| Total functional expenses | $6,843,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,404 |
| Savings and temporary cash investments | $945,556 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $572,147 |
| 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 | $113,707 |
| Net Land, buildings, and equipment | $13,134,403 |
| Investments—publicly traded securities | $409,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,423,241 |
| Accounts payable and accrued expenses | $93,648 |
| 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 | $3,785,496 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,879,144 |
| Net assets without donor restrictions | $11,544,097 |
| 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 | $15,423,241 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gulf Coast Carpenters & Millwrights Training Trust Fund has recieved totaling $148,499.
| Awarding Organization | Amount |
|---|---|
Cpwr The Center For Construction Research And Training Silver Spring, MD PURPOSE: SAFETY AND HEALTH TRAINING | $148,499 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Workforce Solutions For South Texas Laredo, TX | $2,166,011 | $19,867,882 |
Deep East Texas Local Workforce Development Board Incorporated Lufkin, TX | $1,729,428 | $18,410,549 |
Launch Global Richardson, TX | $5,975,467 | $10,354,602 |
Rural Capital Area Workforce Development Board Inc Cedar Park, TX | $3,449,616 | $9,394,999 |
Project Quest Inc San Antonio, TX | $2,369,598 | $9,372,995 |
Texas Educational Foundation Inc San Antonio, TX | $1,129,254 | $386,993 |
Gulf Coast Carpenters & Millwrights Training Trust Fund Austin, TX | $15,423,241 | $7,036,287 |
Southwestern Line Construction Electrical Joint Apprenticeship Albuquerque, NM | $14,369,563 | $8,044,899 |
Employment Resources Inc Tulsa, OK | $2,608,990 | $4,335,874 |
C L C Inc Fort Worth, TX | $2,716,562 | $3,129,165 |
Joint Apprentice Committee Of Local Union 211 Deer Park, TX | $12,119,374 | $2,928,345 |
Houstons Capital Investing In Development & Employment Of Adults Houston, TX | $725,437 | $2,217,436 |